Bailouts all around

I have been following this whole bailout business this week, as has pretty much every other person in the country. I am vehemenetly opposed to the idea that says the bill is one of those necessary evils that allows us to save the economy and the backs of the bastards who fucked it up. Attached with any bill that passes must be legislation that ensures that those who put us into this position are prosecuted, their assets seized, and their positions as CEOs revoked. We have ridiculous laws on pretty much everything else, there has to be a law someplace that allows the government or even individual states to track these bastards down and make THEM pay for the bailout of their companies.

Thus, I have been very satisfied that our representatives have begun to listen to us; they voted the first bill down and they won't pass another one that does not protect us. Frankly speaking, I don't want any bailout package to pass: let the damn companies that got us here sink. There are plenty of banks, like Bank of America, TBC (or is it TPC...), and many of the national and regional credit unions, that did not get caught up in this housing mess or the credit mess. The financial markets will not collapse completely.

With it being October 1 today, I think that we should commemorate the fact that we have less than four months left of the current presidency. Being strongly fiscally conservative (you know, that fundamental principle that says don't spend more than you take in...), I have been incredibly disappointed with this presdient who promised fiscal reform and conservative practice with our dollars. The rate at which he has spent money (nearly $10 trillion in debt when he started office with a surplus) is disgusting. He's not going to have to pay for this; I am.

Making a football analogy, the economy is sort of like the Oakland Raiders right now. Absolute chaos. But the reason we have chaos isn't because of the players, but rather the total ineptitude of the owner of the football team (ahem, Al Davis). It's not the workers in these companies whose jobs are at risk; it's not the taxpayer or the consumer who is somehow keeping this economy afloat who are to blame. It's the owners, the CEOs, the Washington bureaucracy, the Fortune 500 fancy-pants who need to take the ax.

What's the best solution to this problem?

I would suggest mandatory retribution by the CEOs. Require the bastards to equal any money given to the companies out of their personal accounts.

Require all companies who receive funds to immediately fire CEOs without golden parachutes or reimbursement.

Require that half of the moneys be paid back within two years of issue, with the remainder returned within five years.

Ban subprime loans.

Require that the national debt be paid off within 8 years.

Place a one-month moratorium on foreclosures. Any families that make progressive payments during the moratorium may keep their homes (it can be less than the fixed rate, so long as payments are being made) and be under a probationary period, anyone who takes the one month and blows it is immediately placed on foreclosure notice once the one month has elapsed.

Provide tax incentives to people like Warren Buffet, who isn't one of the dirt bastards who got us into this mess, when they invest in these companies to keep them afloat. Reward good behavior.

And for the sake of the NFL, pass something in this bailout package that revokes Al Davis' right to own a football team anywhere.