By Pamla Wood?Reader”s views
“We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.” This elucidates the purpose of our nation to supply adequate education, health care, and quality of life to all. Equal opportunity has been a cornerstone of our country; the Horatio Algers have been drawn to the U.S. like a magnet forever.
I do not believe in “trickle-down” or “supply-side” economics, as the money is not inserted immediately into the economy. Instead of giving additional tax cuts to the rich, what about this: what if our government gave each American citizen five million dollars? The total investment would be approximately 1.55 billion dollars, a savings of 748.5 billion dollars compared to the proposed “bailout.” Everyone would spend and pay taxes, and immediately spend money they could never dream of, ensuring the largest capital infusion in history. They would pay bills, buy homes, cars, take vacations, start businesses, pay college tuitions and create the atmosphere of a growing economy once again. It is true the rich will become richer, but most people will spend their money as fast as they can get it. They could get that needed operation and pay off their credit cards. How is that for a bank bailout?
Why give them a second bailout, they already blew $350 million? Does anyone really think those institutions are going to lower interest rates, pay off mortgages or put food on the average person”s table? Who do we talk to about “smart investing” the next $350 million? Just think what might happen if a million or more people actually wrote a letter to their representatives about investing the stimulus money with those who will help our economy the most ? “We the people!”
Pamla Wood
Lakeport
