A Sensical Alternative To The Bailout

As usual we again see that we can not count on our Congress to address the problems of this nation, so I’ll do it for them.

It is quite apparent that we need to invest in America heavily. It is also apparent that during Clinton’s’ tenure the government demanded that financial institutions give people mortgages even if they couldn’t afford those. Today we now have our government deciding to spend our tax dollars by the HUNDREDS of BILLIONS to temporarily fix their problem which will not go away any time soon.  In the meantime we are in the middle of an energy crunch created by a democrat Congress that is fighting against allowing companies to use Americas resources. I have a real fix for both problems.

We should take the worthless [according to the government] properties and offer those to the power producing companies at fair market value. In turn, they would be allowed to build power plants on them. As I’m sure there are many of these properties adjoining there would be a fair sized amount of room for production of energy.

In neighborhoods packed with residents they would build wind or solar power plants. In neighborhoods decrepit beyond repair we could look into building a nuclear plant. People living in these areas would be given the first chance to purchase these properties if they didn’t wish to have power producing plants on them, but they would have to put down at least 10% of the fair market value, and pass a typical credit check. No free handouts this time!

My plan wouldn’t cost taxpayers one TRILLION Dollars.  It would create investment in America from big corporations as well as individuals, it would bail out the financial institutions saddled with these bad debts, it would create jobs that won’t dry up overnight, it would shore up our over taxed power grid, and it would put our resources to good use. In the meantime, Congress could promise to lend money if needed, but at the current fair market interest rate.

It is a shame that common sense ideas never make it to Washington.

We all know how our government likes to pass laws. To solve this problem I hereby give them leave to pass legislation that would put teeth back into the regulations surrounding our current mortgage legislation. America needs this, and should demand this. Yes, we will let Congress fix the mess they created.

What say you?