Let us hope they favor the people…
By Jack E. Lohman
I wish I could trust politicians. Congress first sent $350 billion to the banking and credit industries, and they’ve held onto the money and the Feds refuse to provide a list of who got what. But we know that $50 million has gone to executive bonuses, perks and shareholder dividends, an egregious violation of public trust. But we are an easy citizenry.
Now they want the second $350B, even after squandering the first.
Stop it in its tracks!!! Get the first money back! Do not spend another dime! Fire Paulson and Bernanke. Wait for the new bosses to come in. Let the auto makers consolidate!
Obama plans to send cash to the states and let them distribute it to stimulate the local economy. Governor Doyle will have the opportunity to show his mettle, or not. Building “something, anything” benefits only the builder, and it is slow to trickle down. And useless make-work jobs just fritters the money away. Doyle will be graded on this one.
Going forward this must be the smartest use of money ever:
- Fund 50% of new-employee wages for existing corporations. Give them a reason to create jobs in Wisconsin.
- Fund a fall-back credit agency to eliminate housing foreclosures.
Then eliminate corporate taxes altogether. Corporations simply add the taxes they do pay — plus the accounting costs to minimize them — to the price of their product and pass it on to consumers. And in the process we make them even less competitive with foreign products than they already are, so they send more manufacturing off shore.
This is the craziest game ever, and the consumers are losing it.
The same is true for health care costs. If corporations were not burdened with employee health care, they could lower their costs and add more employees. Again, they add these health costs to their product price, or alternatively, they offshore the jobs to countries that already have universal healthcare systems.
We must implement a Medicare-for-all system that will save ALL businesses $6000 per employee per year in healthcare costs. Yea, it means more personal taxes but it will be less expensive to us in the long run. We need one pool of 300 million people rather than 300 million pools of one. Eliminate Medicaid and BadgerCare; do it right for everybody.
Medicare-for-all is probably the most sensible bailout of all, because on top of saving corporations money it adds 45 million uninsured to the health care system and will easily create a million jobs nationally. Even BadgerCare-for-all would be a good alternative to draw companies and jobs to Wisconsin.
These ideas favor ALL industries and ALL citizens, not just a few and not just one-at-a-time. It’s a global fix. If the taxpayers are to bail out anybody, they should be on the positive side of the plan.
But all too often, because it does make fiscal sense may doom it politically.
The citizen activists will have their hands full following the money to ensure that those funding the elections are not favored in this process. Because if they are, this turnaround will not work.
And let me say to those concerned about Pastor Rick Warren’s 15-minute invocation: get over it! Obama must be everybody’s president. To favor only your side of it will negate his effectiveness. He has a chance of bringing the country together; don’t block his efforts. Don’t let your one issue lose this opportunity to move forward.