Tuesday, September 23, 2008

It's time to tell lawmakers to consider new plan

The Bush administration is pushing its $700 billion to $1 trillion bailout of Wall Street fatcats as the only thing to do or cry "havoc" and let loose the dogs of economic ruin.

That's a lie; it's Iraq deja vu.

There are other options -- the most promising one that creates a federal entity to direct all this money directly to homeowners in trouble. At least that way, taxpayers can realize some benefit. I also like an idea of an economic stimulus to people holding mortgages and households making, for instance, $130,000 a year or less.

You can read about these viable options from The New York Times. Get educated and call your congressional representatives. Go to:


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