The Terrible Scare Story Hank Paulson Told Congress

Bank Bailout Money Should Be Going to Companies that Produce

When will the economic experts realize that technological and educational investment should be the biggest benefactor to the bailouts. If we trully want to rebuild our manufacturing base here in the US, we must invest in the industries that keep the US competitive and productive. Does manufaturing debt make us productive? As we are seeing it's just a sink hole.

So if we don't invest wisely now with the billions being spent and running through our governments coffers (it seems to change by the day), may I ask when will we invest in new ideas that will create jobs? We will have missed a tremendous once in a century opportunity to do it wisely and help rebuild our economic footing for this new century.

Just handing out money to banks, hoping they will do the right thing and lend it wiesly is not the ultimate answer we need. This just feeds on what has already been occurring for a decade now. In my opinion, let the strong banks survive these tough times and let the weak banks wither. We have become debt producers by their mass marketing of debt. They have been the primary cause. The banks receiving bailouts have contributed greatly to this shift from producing products to producing debt during this past decade.

Perhaps it's about time these debt producers all went away, and we got back to basics of what made our economy strong in past decades. Investment in people, ideas and those producers of new technology products that will keep America competitive should be the primary focus.

Vince Golubic of TX @ Nov 20, 2008 22:00:32 PM