War ends We win: when we pass a law that makes the minimum price of gasoline at the pumps: $1.75/gallon; billion dollar/million barrel per day ethanol stills will not be built without protection from OPEC monopoly pricing rusting out our new stills.
The ethanol investors do not build ethanol distilleries because monopoly OPEC would lower the price to rust out their billion dollar million barrel a day ethanol still. Brazil is energy independent: ethanol; All their cars come built running on ethanol; Archer Daniel Midland made millions on $1.00 gallon ethanol in the 1990s; that trumps any canard/invalid objection to ethanol. Use Cellulose ethanol, not corn ethanol.
This will balance the trade deficit, create full employment, bring down the price of fuel, break the monopoly on the pricing of fuel, balance the USA government budget, create less pollution, make the USA energy independent, and end the war because we will stop funding the bad guys everyday at the gas pumps..
Intelligence analyst: Getzel
Sharia people are at war with The West because Arabs, Persians, & Sharia people believe Islam can not survive against a free market, free speech, republic with: womens rights & no honor killing: murdering women is legal in Sharia.
Arab, if only Israel: is only an excuse, propaganda, for Islamic terror; as we see that wherever the Mohammedans bump against another culture the Mohammedans say the same thing they say about Israel. In India: same thing, in Kosovo: same thing, In Israel: same thing. In Darfur: same thing. In Thailand: same thing, the Philippines: same thing. Wherever the Moslems are contiguous with another people: The Moslems say the same thing they say about Israel: If only: Sharia and no freedom of speech to criticize Islam
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Ways We Can Fix This Giant Mess
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Robert Shiller
Yale professor of economics and founder of MacroMarkets LLC
The last time there was a housing crisis of serious magnitude wasduring the Great Depression; in 1933, Congress created the Home Owners' Loan Corporation (HOLC), whose business was to buy distressed mortgages from mortgage lenders. In the process, they renegotiated the terms of the loans to homeowners, so families could keep their homes. The government has been trying to get lenders to renegotiate mortgages, but up till now, all their agreements have been voluntary. We need to put real government money behind the talk.
Senator Christopher Dodd has proposed creating a Home Ownership Preservation Corporation, something like the HOLC, which is exactly what's needed--the government must commit serious money to helping distressed homeowners. This is a huge market turn, already the value of our homes has gone down by about a trillion dollars, and if we do not do something there may be millions of foreclosures.
Government help for homeowners is the immediate step we need to take,but in the longer run we have to improve consumer protection. Loans were being made to people who couldn't afford them, and some of these were the fault of abusive lending practices. Elizabeth Warren, a Harvard Law Professor, has proposed that the government create a Financial Product Safety Commission, which would work similarly to the Consumer Product Safety Commission, but would monitor lending and financial practices. Current bank regulators don't do that well enough.
Douglas Holtz-Eakin
Senior Policy Adviser, John McCain 2008 and former Director of the Congressional Budget Office
Subprime mortgages are concentrated in a handful of states, and the real difficulty is getting the lenders together to take a haircut. You want to target taxpayer assistance strictly to people who can afford to be in the house but are in the wrong mortgage. We need more transparency in mortgages. You can put on one page what borrowers need to know. We need better incentives so that people are accountable for the financial viability of the product.
The real economy has some underlying resiliency, and fixing the credit crunch would take some of the pressure off. I don't see any substitute for confidence and capital. If you put more capital into these banks and financial institutions, we'd be in better shape. A lot of it just is a crisis of confidence. Hopefully the stimulus package will help pick things up late in the second quarter or early in the third.
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