Voodoo Economics

This government bailout has me steamed. I know there was no way around it, but still. Everyone gets a $2300 tax hike so some banker can get a golden parachute. And most of these bad banks will still fail. Too much bad paper out there. These notes on houses won't pay themselves and the bailout will barely cover the three months of interest these banks have to pay to the international consortiums.

Once that runs out, the bad notes are still there. What will turn banking around between now and then? Confidence in the baking and lending system is at an all time low. Bernake and Paulson keep cutting rates (check their party affiliations before you point at the GOP).

The economy needs a rate hike. A one year plan to raise rates up two points. This will create an artificial recession which will be much better than the actual one we are in and heading deeper into.

So, float the banks a loan, hike the rates half a point a month. Suck the breath out of Wall Street. Add value by lowering stock prices and raising interest bearing accounts. Temporarily suspend any change to the tax code. Tie American dollars to the Euro. Lastly, fire Bernake and Paulson.

And, sadly, elect Barack Obama. Not because he's the right choice, but because of a comfort factor that will ease fears, open wallets and improve foreign exchange.

Look on the bright side. Japan had to do the exact same thing and they survived it.

AND, yes... it is time to end our occupation of Iraq and Afghanistan. Take the savings and increase homeland security. Don't touch military spending, but direct it back where it belongs, here in our nation, protecting our nation.

Welcome to the United States of France...