Stop the Train

As the days pass, the dark clouds caused by the huge financial bailout appear to dissipate with Warren Buffett, Wilbur Ross and others who we have not heard from, bringing their sound business sense and financial expertise to the table.

In my earlier blogs, I have suggested to consult with industry experts before legislating especially on issues that carry a 700B price tag. There is an alternative solution and it comes from people who work with Main Street. Bernanke, Paulsen, Cox and others who are on the train are all far removed from Main Street.

Once again, legislators led by Harry Reid, Pelosi and others including some Republicans demonstrate what they do best- complicate the situation and create loopholes and gray areas that will get them back to the table to iron it out years later. That's how they keep their job. The job is not done they tell the taxpayers and their constituents have to keep them there.

Paulsen's 3 page proposal has mushroomed to over 400 pages and includes provisions for wooden arrows, rum and what else? It is a disgrace to put it mildly. One can understand why Main Street has lost its confidence in the system. I'll say it again- rescue the taxpayer, insulate them from the mess they did not create, part of the 700B bailout should directly go to Main Street to allow them to meet their mortgage payments and basic needs while the brightest of the bright minds, Buffett and Ross included, help out with this financial crisis calmly. This is what Main Street is looking for.

Stop the train. There are others who should be on board who can help us all get to where we should go.

http://riyah6.blogspot.com