700 billion dollars worth of advice from a Yankee auctioneer or my two cents

September 28, 11:57 AMAuctions and Antiques ExaminerWalt AuctionWally

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       Is this a solution, or a 700 billion dollar tax bill?

We all know there's going to be a massive economic bailout package passed soon, but there are two questions I have. "Who will it bail out and what will it fix?"

The majority of the American public is against what it sees as a 700 billion dollar give-a-way to the fat cats that got us into this mess.

You have to admit, it does sound like a bad idea. I won't pretend to know the intricacies of this economic Rube Goldberg contraption, but I do have at least a little bit of common sense, let's see if that's good for anything these days.

So here's  what we know so far. The Government is going to give the institutions that got us into this jam, the very ones that failed on a massive scale, 700 billion dollars.  Ahem. WHAT?!?

Where will the money come from? Will it be in the form of another note from China? Will it come from  taxes on the backs of middle America?  Will it be paid for with massive cuts in Social Security benefits? Will we just print more money? Or maybe the money fairy will sprinkle some magic success dust on the heads of the CEOs of these financial failures and make them economically responsible.

Let me get this straight, the corrupt people who caused this problem get 700 billion to try to fix it, and we get the bill. Yeah, that makes sense. Are these people huffing spraypaint?!  Not only does this plan have people outraged and suspicious, but it does absolutely nothing to instill economic confidence.

This is America dammit, if you bail out one, you bail out all of us! We are in this together, we will survive together or we will go down together, but it WILL be together.

I'm just a citizen like you and I don't get to dictate how this deal goes down, but as an American, I do get to speak freely and throw my two cent's in, so here is a  bailout plan from a Yankee auctioneer.

   My bailout plan would call for:

1. Immediate repossession of all real and personal properties of the CEOs and companies responsible for this financial disaster, followed by public auctions of said junk. Think it's impossible? That's EXACTLY what they will do with your home if they foreclose on you. Good for the goose...
2.  Debt forgiveness to those who have lost a home, have gone bankrupt, or are in insurmountable financial crisis due to this disaster. Think it's impossible? This is EXACTLY what is being proposed for the corrupt companies that caused this mess. Why should we forgive criminal activity, but not the average American with a family to feed who goes to work every day and is trying to do the right thing?
3.  Re-distribution to the taxpayers, all monies collected as a result of public auctions in  #1 of this article.
4.  Strict oversight of financial lending institutions by 3 boards,  a Govt. controlled board, an industry controlled board and a publicly controlled board.
5.  To garner public confidence, any bailout must include a longterm set of goals for jobs creation,  energy and infrastructure development, the shoring up of our health care and educational systems. 

So that's my plan outline, I've tried to keep it as non-political as possible, because I see this as a problem we are all in regardless of party affiliation.

This  5 point plan from somebody just like you who is furious about the mess we're in and getting angrier by the second.

Even as I write this, our congress appears to be ready to pass a bailout plan that is wrapped in more cronyism, corruption and greed. I know that what's good for the working class will always be the last consideration of these fat cats, but it's nice to dream.