I want to ask who we are fighting for and who is going to ensure that our tax money is not squandered. The basic questions that require an answer are that who allowed Toyota and other car makers to bring their factories here to ruin our factories. Why has Bernard Madoff been let off? Why is he still living in his house and not in jail after having stolen 50 billion dollars? And how come we have a trade deficit of 250 billion dollar trade deficit with China? Who is responsible for that and all that has gone wrong?

Let me tell you. These are the same people who are now fighting over the stimulus package. These people have their big ideas. Let us see if our simple and practical ideas are better that theirs.

The Big Three Auto Manufacturers: 20 Billion

This industry is important to us. We cannot afford to let our workers lose their jobs. But how is 20 billion dollars going to help the auto industry when Ford Credit, GMAC and Chrysler Finance are already rejecting more auto loans than ever before. This is not going to help them to sell more cars. The money should actually go to people in shape of auto loans. By doing so, we not only help in selling more cars but also thousands of workers who have already lost their jobs in these finance companies and auto majors.

So how do we actually go about helping these people and in selling more cars? We need to loan money to people if we want to sell more cars. The following steps can help us do that.

• Sanction auto loan if there has been no auto repossession in the last 12 months.
• Ignore past due mortgage or foreclosure.
• Since these people will have less than 560 credit scores, the maximum state interest should be charged.
• These facilities applicable to new vehicles, cars or trucks, from Ford, Chrysler or GM only.

The direct benefit of this will be that by loaning 10 billion dollars per year or all of 20 billion dollars we help domestic auto brands. This extra money, according to our calculations, will translate into promoting a sale of more than 285,000 cars and trucks per year. Indirectly it means more jobs in the auto industry and for consumers.

Banks & Credit cards

Let us all admit that we are a country that loves credit cards. We are addicted to them. But how do we cure a drug addict in a short period? I am in no way suggesting that we give more credit to those already struggling with it. But the question is that without further credit how to help people with credit scores in the 400 region to improve their credit scores for getting an auto loan or buy a cheap house.

The best way to do this is for banks that get the bail out money to issue credit cards with a maximum limit of $100 credit to people with very bad credit scores. This will allow these consumers to buy small items and services online. This will not only help in improving their credit scores but also give a small boost to our economy.

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