Solutions to the Financial Crisis

Date: Tuesday, September 30, 2008 1:01 AM
Category: Allgov Blogs
Watching the nation’s news commentators, you would think that the bailout proposal created by the Bush administration, adjusted by the Congressional leaders and then rejected by the House of Representatives was the only possible answer to the nation’s financial problems. Fortunately, many observers from the Left, Right and Middle have presented alternative solutions. Here are a few of these ideas. Some are comprehensive and some deal with individual issues, but they are all worth a look.
 

Where to Find $900 billion for Recovery (by Anderson, Collins, Muhammad and Pizzigati, Institute for Policy Studies

Tweak the Bailout Plan (by Stuart M. Butler and Edwin Meese, III, Heritage Foundation)
Fix the Bailout Plan (by Dominique Strauss-Kahn, International Monetary Fund)
Increase Transparency, Liquidity and Supervision (by Martin Neil Naily and Robert E. Litan, Brookings Institution)
Home Owners Loan Corp. and Federal Revenue Sharing (by James K. Galbraith, Washington Post)
Cut Defense Spending, now at $612 billion for 2009 (by Chalmers Johnson, TomDispatch.com)
Homeowners Emergency Loan Program (National Community Reinvestment Coalition)
Keep Borrowers in Their Homes (by Andrew Jakabovics, Center for American Progress)
Super-Bonds (by John P. Hussman, Hussman Funds)
 

Latest News

Trump Announces Creation of New Religion: Trumpianity

President Donald Trump announced that he will be creating a new religion, Trumpianity, which will be aligned with mainstream Evangelical Christianity, but will be overlaid with his own teachings. Trump tweeted that he is infallible and everything he says has to be believed. People who disagree with him will be considered heretics, and Christians who refuse to convert to Trumpianity will be treated as apostates. “I like the way they do it in Saudi Arabia,” Trump explained.   read more

5 Politicians Who Continued Working Successfully after Heart Attacks

After Sen. Bernie Sanders was hospitalized for a heart attack, some commentators questioned whether this disqualified him from being president of the United States. However, many political leaders have successfully continued their work after surviving heart attacks. Here are 5 notable examples, including two presidents of the United States and one vice-president of the United States.   read more

Trump Wills White House and Presidency to Daughter Ivanka

Sources close to President Donald Trump report that in updating his will, in case of his death while in office, he has given the White House and the presidency of the United States to his daughter, Ivanka. When Trump’s lawyers explained that the United States Constitution guarantees presidential elections, Trump came up with his definitive argument: “So what? Who’s going to stop me?” (satire)   read more

Trump Claims God Told Him to Deport his Wife, Melania

President Donald Trump announced via Twitter, after a prayer session with Vice-President Mike Pence and Trump’s spiritual advisor, Franklin Graham, that God told him to deport his wife, Melania. “We’ve been deporting legal citizens because they lied back when they arrived in the US,” wrote Trump. “Melania worked as a model before she received a work permit. Send her back.”   read more

Trump Bans Use of Arabic Numerals

President Donald Trump has issued an executive order banning the use of Arabic numerals by the federal government and replacing all numbers with Roman numerals. In a live television interview with campaign advisor Sean Hannity, Trump argued that it’s necessary to stop the infiltration of American life by Muslim culture and Sharia law. His reelection campaign will now be known as Trump MMXX. His MAGA caps will be rebranded as Make America GVIII Again.   read more
see more...