Ed's Plan

I said this to Michelle Malkin readers:

 

I know there is passion and principle on this site.  I hate the idea of a bailing out the irresponsible with all my heart. 

 

But there is merit to the idea that credit needs to flow for busines to carry on and for the housing market to recover. 

 

If we can avoid a depression we might be best served by some type of government assitance to keep credit flowing.

 

I say we let the investment banks and Wall Street eat the derivate securites they have gobbled up and just have the Feds give loans directly to qualified people to buy homes and start/operate/expand business.  CA has a Vet loan program that hasn't cost us any tax dollars in generations.

 

The root of this is housing boom and bust.  Only when the housing market stablizes will our economy rebound.  Let's let Wall Street sleep in the bed they've made while helping our Main Street.

 

If we want to kill the bill, there has to be an economically sound alterntive.