The mistakes are so obvious

I guess we learned nothing from Japan.
We just bailed out a few car manufacturers who make cars people will not buy and who pay their assembly-line workers $160K per year plus health plus pension plus plus plus. Jeez, they pay almost $3K more than Toyota per car and that's Toyota's build in the US. Top that off with the fact that Toyota makes cars people want.

Somebody got the ripple effect of bankruptcy all wrong. If a supplier goes away there's no effect on demand - the remaining suppliers will see increased business and hire more people and need more facilities.

The free market system rewards the companies that make products we will all buy with regards to quality and price - pretty darn simple.

we just spent $25b to fuel the same corporate jets, pay the people even when thry are NOT working (making SUV's that get 5 miles to the gallon), maintain pension plans etc etc.

See what you get when your administration is 95% attorney's and 5% Business graduates.

The good news - we can't go below zero.

Get out your tents and fishing poles and get ready for survival of the fittest.

or

REAL CHANGE:

no shorting allowed
remove all taxes
install a federal VAT of 5%
cut the fat off the government waste
get out of Iraq
build nuclear power plants and start drilling

I know, makes too much sense

nuff said

REH/keeping on warppin'

Make a stockmarket recovery

To resurrect the stock market just disallow shorting of stocks. Guess what, if you believe the stock will go down just don't buy it.

A possible solution that would heat up the economy

There's about 100 million taxpayers in the US. Let them all get a Government issued Debit Card with a balance of $100,000. If my math is correct this would total up to $10,000,000,000,000 or 10 Trillion dollars. This amount will not be much LESS than the planned (and not planned) bailout package.

No bailout's of anyone, period - let the markets figure this out, the market being the people who now have the US Debit Card. Some will spend wildly, some will invest, some will pay off debt but boy will the economy get going. I can't think of a more DEMOCRATIC way to straighten this ship.

President Obama will need to cut wasteful government spending in a big way. I also think that he should create the Department of Business, a department that will focus on making money for us, the taxpayers. How can the government make money? Like anyone else, create products that has a market. Take all the people in jail, why can't they create software, manufacture products (talk about cheap labor) etc? There's a lot of smart people in jail who can figure this out and there's plenty of hard labor potential.

The government also owns a lot of potential advertising space from their emails going out to the walls of their buildings - this space has value.

The more successful the combination of cutting spending and creating new revenue sources the more taxes can be reduced and eventually be eliminated - what a capitalistic and novel idea :-)

I know, it all sounds to simple but I will argue that so are the very best ideas.

nuff said