Tuesday, December 30, 2008

Post #192

Subject: We Got Fooled Again, Pt II

Hey, I know less about the economy than John McCain does, but I do know the solutions coming from Washington smell -- throwing money at Wall Street because they asked and inflicting another layer of bureaucracy -- “car czar” -- on those who actually work for a living.

It seems to me that Barack Obama’s first step to help the economy should be something easy, inexpensive and effective -- EIE. He should sign an executive order -- easy -- mandating that all new cars and trucks bought by the feds -- inexpensive; the feds need replacements every year -- be powered by something other than gas -- effective; creating a new market for Detroit. This will “grease the wheels” of lending, as loans to Detroit would now seem like a good idea; thus, lowering our bailout overhead.

By the way, the author of the last article I quoted -- my Post #191 -- William Greider has been a political journalist for more than thirty-five years and has been a editor at Rolling Stone and Washington Post.

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