The Easiest way to fix U.S. Economy

The Easiest way to fix the U.S. Economy from the financial / mortgage bubble.

I am a big proponent of letting failure and it's respective fallout occur when it comes to corporate entities, the is no such thing as "too big to fail" but rather "to monopolistic to exist".

What happens when you can't pay your debts? You go into receivership and lose assets and any monies you have remaining.

The U.S. federal government should NOT have bailed out any of the banks and mortgage companies from irresponsible and incompetent activities and actions but rather force them to declare themselves bankrupt and hand the assets back to those who invested in the company. i.e. you and your mortgage.

Had all those homes owned by failed mortgage companies and banks been handed back to the owners because their mortgage provider failed they would have instantly had assets of tens of thousands if not hundreds of thousands back in the home owners hands.

Now imagine a few tens of millions of U.S. citizens with tens of thousands of dollars back in their checking accounts...what would they have done?

I can tell you...the would have begun spending with their new found wealth.

Home owners would have invested, remortgaged, sent kids to college, bought luxury big ticket items, etc, etc, etc.

How did bailing out big ticket CEO's who failed in the first place kick start anything with the economy?



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Obama Tells Death To Suck His Legislation

But Is It Right?

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The House moved quickly Friday to pass the Senate’s tobacco bill and send it to the White House, where President Obama promised to sign it.

Mr. Obama, who himself has struggled to quit smoking, said the measure would “protect our kids and improve our public health.” Appearing in the Rose Garden just moments after the House vote, he said the tobacco legislation was “a bill that truly defines changes in Washington” and one that “changes the way Washington works and who it works for.”

The law would for the first time give the Food and Drug Administration the authority to regulate tobacco products, which kill more than 400,000 people in this country each year, according to the Centers for Disease Control and Prevention.

The House vote on Friday was 307 to 97, and followed Senate passage of the measure 79 to 17 on Thursday. A key to Senate passage was a vote earlier in the week to overcome a filibuster, by a two-vote margin.

Source

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But it it right?

Just had this discussion tonight with friends.

Some former smokers, some smokers, myself a former smoker.

For me...it ain't right.

This is legislation based on the "2nd hand" extrapolation.

Well unfortunately for logic's sake this won't wash.

Under this "2nd hand" assumption I can sue the car makers for carbon dioxide poisoning, the plastics company's for their chemicals leeching into my drinking consumables, the nuclear regulatory commission for letting nuclear facilities infiltrate "MY" atmosphere.

Where does "2nd hand extrapolation" end?

That's right I just copyrighted that shit...."2nd hand responsibility extrapolation"...sweet huh?

Not only does every company that ever produced anything poisonous to anyone ever have to pay..but those who choose to sue said companies now owe ME money because they just used the idea I coined and copyrighted "2nd hand extrapolation"...I AM RICH BITCH!!!

Do we sue someone who blows their head off with a gun?

Do we sue someone who chooses to die with dignity before the cancer takes them?

Do we sue....because we just don't know how to deal with the reality of death anymore in western culture?

This logic dictates that the Food and Drug Administration has the authority to regulate the cancer the sun gives to the unsuspecting consumer.

Are we suing to stave off death? Good luck and if so, I have a subpoena for death if you know where I can find him.

Americans be responsible for your own actions and consequences.

And

American Government be responsible to ensure Americans have the previous mentioned right.


DONE and DONE.

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