So now I am extremely concerned about the government’s band-aid action to the recent financial crisis. $700 billion dollars is not just money to throw around; it is our hard earned money as tax payers that will be going to these dishonest companies and individuals. Giving them this money and bailing them out like this will just result in the pat on the back that tells them its OK, we’ll always be there to bail you out whenever you need it. No! They are the ones who have gambled by throwing the dice, and they have lost. Just like in Vegas, they need to accept their losses and move on, do their best to scrape together and start again.

The thing that really ticks me off is that this “bailout” is being postulated as the one and only option available by both the government and the media. How can they get away with pushing this through so quick without a real analysis of alternative options? Do you realize what will happen when the government gives away $700 Billion? The only way the government can get this money in the first place is to print it, which will thereby decrease the low value of the dollar even lower!

So has anyone taken any time to consider some of these alternative options? Former Presidential Candidate Governor Mike Huckabee wrote a blog about his frank disappointment with the way his party (the Republicans, President Bush) has handled this crisis. But he does not just criticize, he offers some alternative suggestions:
If Congress wants to do something, here are some suggestions:

1. Eliminate ALL capital gains taxes and taxes on savings and dividends right now. Free up the capital and encourage investment. This is the kind of economic stimulus the Fair Tax would bring and if Congress is going to lose money, let them lose it with lower taxes, not with public dollar bailouts of private market mistakes.

2. Repeal Sarbanes/Oxley. It has failed. It was supposed to prevent this. It didn’t. Kill it.

3. Demand that the executives who steered their ships into the ground be forced to pay back the losses of their companies. Of course, they can’t, so let them work and give back to the government and they can live like the people they put on the streets or kept there. It makes no sense to put them in jail-that’s just more they will cost you and me. I’d rather them go out and earn money-just not get to keep so much of it this time. I’m not talking about limiting CEO salaries—just those of the people who now are up in Washington begging for help because they ruined their companies.
[link]

Another option I have heard is about something on the table in Washington to “change the mark-to-market accounting law and to extend insurance but extend no loans.” Supposedly, doing this will help open up the market for a far less price.

“If the government insured those mortgages, they would then be marketable. And could sell them. And the companies would stay afloat. And we, the people, don’t have to get into the mortgage business.”
[link]

So why have we not heard about any of these as viable alternative options? Because everyone in the government is all up in arms to fix this thing quick the only way they know how…step in and throw tax payer money at the beggars.

We the people of this nation should not be punished for the greed and misconduct of the companies and executives as a result of their asinine gambling and risky stakes that they have taken because of their corruption and greed!

We need to take a stand and voice our concerns over giving our money away without our consent to executives and companies that will just waste this money again… This will just be a vicious cycle resulting in the continual downward spiral of the American economy resulting in collapse.