Bailout

You know what the problem is with America?
The poor don’t get just how great they have it.

I’ve hear this a lot lately; the basic thrust of the discussion is that all those cars, TVs, DVD players, refrigerators, and stoves that have found their way into the homes of the economic underclass are proof there’s really no such thing as “poor” in America.

If they were truly poor, the argument goes, well…think recycled corn.

And if the poor want things to get better, let ‘em pull themselves up by their own bootstraps – and if they can’t, then let ‘em rot, because that’s the best thing for the economy.

But I don’t buy all that, and by the time we’re done today, I hope to have given you a whole new perspective on how jobs get created in this country.

This Friday afternoon in downtown Charlotte, please join hundreds of faith leaders, advocates for social justice, students, and progressive activists from across the southeast to demand REAL financial reform.

With the economic troubles facing almost every sector of our economy, our government has had to prop up the banking industry and most recently, the Automotive industry.
I was originally all in favor of supporting GM's Volt project as a way to 'Buy American' and still am to some point.
In the back of my mind I kept thinking about 'who killed the electric car' and why that technology, which GM had created a decade ago, is not part of their solution now.
Ok, so I am no engineer, maybe there were lots of flaws with that car.
But when I see that John Wayland can build a record breaking electric muscle car in his own garage, then I get upset that we can't invest in that technology...
video of the 0-60 in 3 seconds electric car below...

Let me begin by saying two things. Yes, this issue would help me, and Yes, I would support it even if it did not.

I will be graduating from college in May with a student loan debt of around $75,000. Between my wife and I, we make maybe $30,000 per year.

My question is, who do we bailout first, professionals who screwed up or future professionals who have seen the chaos of the screw up?

So let me make a drastic proposal. Any student at the 4-year level (or higher), whose GPA is above 3.0, and whose income (or their parents income) is less than $100K per year (depending on family size) should be granted full student loan forgiveness.

Not only will this put money that would go to lenders into the economy, it would be an incentive to students to go into the public sector rather than a higher-paying private sector job.

They do this for teachers already, but why not go higher. Anyone who promises two years of public service at any level gets full loan forgiveness.

Let's talk about why the Republicans are really willing to throw millions out of work and further cripple the struglling economy: union busting.

The first line in their Action Alert memo says it all: