A Better Idea for the Bail Out

I do appreciate the urgency you are giving the matter of economic recovery but do you really think it wise to give billions of dollars to a few major corporations that have proven less than an adequate track record when it comes to handling money.  If we follow the advise of each of those companies we would find that the best way to invest is to spread the money out in many different areas. 

If you bail out a few major corporations what guarantee do we have that this will not happen again?  Why would you want to give corporations without proven leadership qualities more money?  It would be much wiser to support the thousands of smaller institutions that are waiting to fill the void made by these few major corporations. 

If you offer low interest loans and tax incentives to the smaller proven companies that have exhibited the qualities necessary for growth in this economy you will be spreading the money out to thousands of smaller companies.  This has two advantages.  It will create competition and the consumer will get better service at a lower cost.  If a few companies fail because of bad judgment, this will not have such a drastic effect on the entire economy.

Write the president, congress and your reps.  Let them know what you think.

http://www.whitehouse.gov/contact/

http://www.webslingerz.com/jhoffman/congress-email.html

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