So the TARP money that Congress threw at banks for the stimulus package has mostly gone away. Turns out Jon Stewart and I had the same idea. Why not use that money to give to banks in the names of the people who owed them money? People with less debt will be free to spend more. But it's billions under the bridge now.
The Senate compromise I've heard that I like with the stimulus package is allowing people to buy or refinance homes with 4% interest rate, and cutting taxes in half for those making less than $35,000 (or $67,000 for couples). Since all these homes have lost value, at least with lower payments they'll be able to stay in them longer until the value goes back up.
Meanwhile how do some of these jokers keep getting elected? Thanks to gerrymandering I understand party entrenchment in two-thirds of this country, but there's always primary elections within the party, right? Where's the new generation to get the corrupt ones out?
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