Showing posts with label rescue plan. Show all posts
Showing posts with label rescue plan. Show all posts

Monday, March 2, 2009

Start Putting Our Mouth Where Our Money Is...

Anyone who makes an investment, whether personally or professionally, will usually, at least at the onset of the investment, be very positive about the company receiving the investment and the prospects for the future. Now that the U.S. Government has become an investor in the financial, automobile and insurance industries it is time to start hearing that these are good investments and build some confidence that those of us who have paid for those investments will see a return. It seems totally nonsensical to me that we will on one day send taxpayer dollars into an institution and the next day publicly slam those who are receiving the investment. What is going on? If Washington wants to make a difference then they need to go into these investments wholeheartedly and with the same excitement and vigor that any one of who writes a check would do. Let's put our best minds and people to help the banks, the car companies and the insurance companies to not just survive but to grow and prosper. Let's start publicizing the good things that these institutions do and can do and celebrate wins and successes, no matter how small those would be. Let's have the CEO's of bailed out companies post a monthly report on Rescue.gov detailing the successes that they are seeing. Let's start putting our mouth where we put our money and talk the same talk out of both sides of our mouths. President Obama is a great motivator and could bring about the confidence change we need. But, he won't do that if he thinks that it is better to bring Congress to their feet by continually beating down the companies and people where he just invested our dollars. I want to hear that we are with them win, lose or tie...not just win or tie. If we aren't then we are wasting precious taxpayer money and our projection of failure will become a reality.

Wednesday, October 1, 2008

What about Elm Street?

All we hear about now is Wall Street and Main Street and the impact of the economy and the bailout on these two now all important streets of America. I don't know about you, but in the small and big towns that I know, not that many people live on a Main Street. Main Street is usually downtown and has more businesses on it than homes. I'm not being precise, but you get the gist. What I want to talk about is Elm Street and the nightmare that is about to hit there. That's where people live. The ordinary American that both candidates are trying to reach. The nightmare coming to Elm Street will be when the credit markets contract to the level when someone won't be able to obtain a new credit card, their current credit card limit gets cut in half (imagine trying to buy a $3000 couch when your credit card limit is at $2500 or $2000), your interest rate on credit card debt doubles or beyond. There is a scary wind that is beginning to blow down Elm Street. I can hear the creaking of the wooden siding and the slamming back and forth of the shutters. If the Congress doesn't Bailout, Rescue, or whatever you want to call it, in this next vote (thank you Senators for being more level-headed tonight), then those who live on Elm Street, who work on Main Street and invest through Wall Street, should set their vote in place now for the next congressional election with the spirit of cleaning house and out with the old and in with the new. We can't have any more of this lack of putting the country ahead of their own political agendas. We didn't send you there for that. We sent you there to lead and represent those who fear and want to avoid the nightmare that is being conjured. Please remember that it is Elm Street that votes for you to go back to Washington or to stay home next time!