As the Global Market “Tanks”, We Need New Energy!

     As I turned on CNBC this morning a “quick look” was given on how the markets “across the pond” was reacting to the so called “bailout” for Wall Street.  Later in the morning I tuned in with the expected debate about the bill…I figure the usual posturing for the congressional district.  I wrote a report, went to email such, and I witnessed that the 700B bailout was rejected by the house.  There is much concern that this money will create “golden parachutes” for the big wigs.  From my investigation it tells me that this money in need for the “flow” of credit through our economy.

     Once Secretary Paulson announced the 700B “bailout” the credit market froze up.  No one wanted to lend money with this “bailout” coming.  They didn’t want to l be holding the stick.  But really this money is not a bailout, it’s a primer.  This primer will keep the money flowing for a couple of months.

     Now the people who have money will not lend or finance anything except buying a Treasury t-bill yielding .4%.  That does not make sense the Swen66?  So what does Swen66 propose?  Well……..:

     We need an infrastructure change and stop buying foreign oil.  Our credit and debt is going overseas to China, and to the mean people in the middle east.    The love selling oil at $100 dollars a barrel, and we must love paying it too.

     We need to follow T.  Boone Pickens plan of moving towards CNG (natural gas) for transportation.  Just think of all the jobs that would be created by using this “utility”.  We need to conserve the green back, which will also increase our credit.

     If Paulsing came up  with a plan, it will make money and the taxpayers will eventually profit.  Remember, its not a bailout for Wall Street.  Yes, I’ll admit a few will see some easy money.  But as a whole, the plan should have passed.

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Tags: Bill, Senate., T. Boone Pickens