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The Bailout
Salomon Says

The Bailout

Does anyone know what to do?

by

Published: November 22, 2008


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Visitor Comments: 16

(16) Gregory Florek, November 30, 2008 11:13 PM

Simple Solution

The problem is the disparity of wealth. The solution is fair taxation that can balance the national debt tomorrow. There should be one tax --- The percentage of a persons income to the national income that should be the percentage of the national debt they should pay.

(15) Meira, November 26, 2008 11:16 PM

How big the Harvard Yard is

Great question solisits a great answer. And here it is, thanks Marjorie for navigating us to the timely links. The problem is about tests, that we are able to pass, because G-d gives us tools, mind, knowlege etc.- everything what we need to find the solution. Look at these young people from Harvard: they are full of enthusiasm! America is able to achive breakthrough following the same principles: " The Harvard Yard is only two inches". Wow! That means we have to be open up for new ways of thinking, have to question everything we are feeded by mass-media, we have to take responsibility for new leadership, argueing all kinds of old traps that our leaders can follow.

(14) Joel Friedman, November 26, 2008 8:49 AM

Uninspiring

Emphasize trust. Without G-d we are doomed

(13) Linda Martin, November 26, 2008 6:35 AM

Sufficient Unto the Day - Spend your Money in your own Backyard

Fear of the future has led the world to greed. The day has gone when man was content with his booth and his fig tree and vine, and resting the ground every 7th year. "What if the booth blows away, the trees wither?". And so, we grew "clever", with increasing sophistication, and complexity. And we wanted something for nothing with our clever "investments" hoping to beat inflation. Maybe we didn't really want to play the game, but when all around you are pushing the boundaries to make a fast buck, it takes a brave soul to say "enough all ready" and sit on the sideline seeing his assets diminish. So the problem escalates. It is difficult to have total faith in these times and believe that Ha Shem will provide for our needs ... if not our greedy desires. But the only way out is to live modestly, spend wisely, be productive and be guided by our Teachings. And as my mother, may she rest in peace, always advised - "Spend your money in your own Back Yard", ie support your own community, wherever you can, and recirculate what wealth you may have remaining where you know it will help others in their need to survive.

(12) Anonymous, November 25, 2008 6:39 PM

Random Thoughts

Although I am a true Capitalist at heart, you may have a point #1. I have read somewhere that if the money spent on the bail-out had been given directly to the people, there would have been approximately $100,000 available to every family in the US. Imagine what families could have done with that money…paid off their mortgages, educated their children, received job training skills, invested it, etc. It must also be noted that the very individuals charged with designing the bail-out are at least partially responsible for the problems. It would have been so much better to allowed the leadership from Wal-Mart, Honda, and the non-unionized south to have had a bigger role in the decision-making process. Although I am sure that denying these businesses the funds for a bail-out would have been extremely painful, people must be responsible for their own lives. If our nation had provided bail-outs 100 years ago, we would still be using telegraphs and steam-powered trains. The saddest fact is that we, as a society, are only living for the moment. Our children and grand-children will be the ones forced to pay the ultimate price for these decisions.

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