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INSIDE BUSINESS

What Should Uncle Sam Do?

NEWSWEEK's Business Roundtable takes stock of the real damage—and offer solutions to the economic crisis.

 
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  • Posted By: samser @ 08/05/2008 3:20:48 AM

    Comment: In my opinion, (1) top executives for the duration of the bailout should not receive more than $500,000 annual compensation, and they should be obliged to stay on the job for a minimum of 3 years, until the mess they created is solved, if they fail to stay to solve the problem they should be penalized with a minimum of $1,000,000 fine, and (2) the government (The People) must get 10 percent of their current outstanding shares, as compensation for the risk being taken.

    Sam Serr
    Toronto, Ontario (Canada)

  • Posted By: samser @ 08/05/2008 3:18:51 AM

    Comment: In my opinion, (1) top executives for the duration of the bailout should not receive more than $500,000 annual compensation, and they should be obliged to stay on the job for a minimum of 3 years, until the mess they created is solved, if they fail to stay to solve the problem they should be penalized with a minimum of $1,000,000 fine, and (2) the government (The People) must get 10 percent of their current outstanding shares, as compensation for the risk being taken.

    Sam Serr
    Toronto, Ontario (Canada)

  • Posted By: sureshot@ @ 07/29/2008 4:15:02 PM

    Comment: why do congress and senet serve more than 1 term when the constitution called for 1 four year term who changed it nowsenetor ted stevens has been indicted for 7 counts of taking bribes just so he could have his home remodled and he has been office since the cival war ended kick any congress or senetor out after 1 four year and you will put a stop to all of these lobbiests in washington and pass some federal laws protecting the tax payers against the lobbiests if they get convicted of lobbing they lose there head and oh yes the reason they are not giving you or me the gas holliday is because congress gave it all to the labors unioun to keep the construction workers working on the hiways they added a new 10 cents a gallon to gas and the taxon deasil went up to 41 cents a gallon and we havent even got out of the hole they dug for us

  • Posted By: sureshot@ @ 07/29/2008 4:01:34 PM

    Comment: my suggestion is very simply the constitution called for one 4 year term for congressmen now who changed it set the term for senit and congress to 1 four year term and out the front door to rejoin the human race look at senitor ted stevens today he was indiceted for 7 counts of taking bribes from people in alaska now bribery is a felone in my state if it was me i would be on my way to the big house but he is a god so dont touch him you might offend the president orsome other senetor prosicute him to the fullest extent of the federal law and also why did congress raise the gas tax and the deasil tax just so the countrys construction workers would not be effected by the home collapse they told the congress that we need 3oo billion dollars for road construction this year and congress said the only way the gas holliday is going is up if they were out here trying to keep there head above water instead of taking a bribre to remodal his home at kenny bunkport well i would hang him out to dry and every other congress man and senetor out after one term and you would not have all o this udecent in washington dc

  • Posted By: cdk50 @ 07/23/2008 11:26:38 PM

    Comment: DRILL HERE, DRILL NOW, PAY LESS! OH.......IF THE TAX HOLIDAY ON GAS IS A BAD IDEA. WHY ARE THE DEMS IN DENVER NOT PAYING THE GAS TAX??????NOH YEAH....WE ARE JUST THE "LITTLE PEOPLE". lIKE A FENCH KING ONCE SAID"FEED THEM CAKE". RIGHT BEFORE THEY CHOPPED OFF HIS HEAD.

  • Posted By: roddyhop @ 07/23/2008 6:22:40 AM

    Comment: Politicaql infighting should be against the law.It hinders all positive approaches to most national and international problems.

  • Posted By: rocketman3.5 @ 07/22/2008 12:10:24 PM

    Comment: these greedy bloodsucking bastards knew exactly what they were doing, so did our so called government. they knew that how ever it went they would be bailed out so they pocketed the money and said screw you america. they got theirs didn't they..and its coming out of your pocket isn't it. we are fighting the wrong war. we should make these scum pay.. and i don't really care how.. having been in the marine corps myself, i was convinced we were fighting the wrong war..now i see the real enemy. i see them for what they are. theiving cowards, who rape their own mothers for a profit, and our government is helping them do it. no i am not angry, my anger has turned to true hate. GOD BLESS AMERICA. FIGHT THE POWER.

  • Posted By: roddyhop @ 07/21/2008 5:54:17 AM

    Comment: Our "global war on terror demands a total response.WWII history taught us how to fight ,and win, a GLOBAL WAR successfully.That includes a homefront discipiline.

  • Posted By: roddyhop @ 07/21/2008 5:49:11 AM

    Comment: We should mirror our WW2 wartime policy.Rationing,draft,,etc...

  • Posted By: TrevorInCA @ 07/20/2008 8:41:54 PM

    Comment: There is an emerging and alarming trend happening in our country. Every time someone has a problem, they run to government crying and expecting help, like government is their mommy or rich uncle. Whatever happened to self-reliance, personal responsibility and accountability?

    The shareholders of Fannie Mae and Freddie Mac should oust the current management and demand changes. There is a great analysis of the housing bailout now before Congress and the flaws with it. You can read it at www.UsHousingMelltdown.org . If this legislation becomes law it will only hurt the housing market and prolong the recovery.


  • Posted By: getzel @ 07/20/2008 1:31:49 PM

    Comment: One guy says pay the boses $200,000; they will quit stupid.

    One guy says why leave the existing guys in senior management; The government set the policies that ruined the housing market, not management.

    The others are bla bla bla. The gov this the investors that.

    Houses: 20% down, 2 years tax returns, 28% payment/income ratio = healthy housing market.. 35% down for. no doc.

    Intelligence analyst: Getzel

  • Posted By: Terryeo @ 07/20/2008 12:36:15 PM

    Comment: This is how it begins, folks. This is how Big Banks Begin world domination. Socialism is government controlling big business. Communism is government planning which business wins, which business fails. This is not the freedom America was built on. This is not the freedom we all love. This is Big Banks telling the U.S. Government what to do, and why. The properties the Fannie and Freddie fund don't need this.

  • Posted By: deconnollyjr @ 07/20/2008 3:11:49 AM

    Comment: Here is another modest proposal: the US taxpayer does not insure businesses against bankruptcy. That is not out JOB. If big businesses want to create a rainy day account from dividends, or whatever to bail themselves out, that's fine, but it is not the American tax payers job to insure anyone against losses. We, the people of the United States of America are not an insurance company. Period. Look it up- it's not in the constitution- it's not in the amendments- nowhere does it say the that US tax payers have to prop up some body's pet businesses, regardless of the ramification to shareholders, or, more to the point, purchasers of faulty financial instruments issued by callous, greedy, short sighted companies.

  • Posted By: wireuup @ 07/19/2008 4:34:27 PM

    Comment: I don't think we our going to be able to stop the path to which our government has placed us. The fossil fuel issue is more complex than anyone could ever imagine. We have become a nation enslaved on a product that would cause our country to collapse without it. It is destroying the very air we breathe, pushing our world toward total global warning, and becuase it is an industry that is dependant upon people continuing to use it, and because greed and wealth is dependant upon it. This greed extends to almost every inch of our governent. I have no doubt real technology exists that we can use for transportaion that would be free renewable energy but there is no profit to be made if they cannot keep the people dependant upon returning to some sort of supply for which they can continue to make money. Hydrogen fuel for instance is a possible source solution, however, you will still need to fuel up your tank at a station for which you will be charged per gallon and taxed of course. Some sort of air,solar and electric combination vehicle would be the best answer. Using all 3 technologies together would be the true solution, but remmember there is no continual return profit to be made by doing this. I think a true advanced society visiting our earth would find our path truely self destructive and it's people so concerned about creating wealth at any cost that they have lost site of preserving the very world that provides them life.

 
 
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