How To Fix America!

With the Federal Government taking the unheard of step of helping mortgage companies Freddie Mac and Fannie May it seems to me that the US Economy isn’t doing that good. Despite what Mr. Bush says.

Rising Oil Prices, housing prices going up, food prices reaching new heights, bank failures, consumer prices increases at the highest percentage since 1982 levels. We could easily go on in this same vein for hours, and the fact remains: The Average American is feeling more squeezed financially then ever.

Unluckily Bush is right on one thing, the “fix” will not happen over night.

Even worse, we need to take drastic action and it will hurt everyone, to fix this issue. First step is to impose substantial windfall taxes on Oil/Gas industry. I’d even go so far as to say that one of the companies should be nationalized and given a complete, lean makeover to run more efficient. Yes, I know the thought that a government run agency or business could be lean and efficient is laughable. But one can dream no?

I’m up in the air about bailing out the mortgage companies. On one hand, I believe that everyone involved should be responsible for their actions. From the Bank/Mortgage company employees that approved the risky loans, to the people who lived beyond their means, even those Government who are supposed to be giving oversight into the process and make sure this doesn’t happen. On other side of equation having these banks go under would cause some huge problems. Perhaps these are companies that should be taken over by the Government totally and then start competing in their respective markets instead of bailing them out? Or at a minimum, seize all the assets of the CEO to help pay for the bail out.

My biggest problem is that the US Tax payer has to pay for this. Not the people who actually caused the problem. To me this is the real failure, hence my suggestion that the CEO’s assets be seized. He’s the most likely culprit in this problem. And contrary to some people’s opinions, the CEO DOES know what’s going on in his company.

The other option is to reduce our imports, especially cheap ones. I know that we need to have some imports, but I think that the high discrepancy in tonnage of what we import versus what we export is responsible for a huge chunk of our economic problems right now. Unluckily other then closing Walmart down totally, I’m not sure how to do this.

What are your suggestions for fixing the US Economy?