As usual, Mr. Greider has written a cogent and plain-language analysis of what pains us so greatly about this package and circumstance, and the fact we are being held ransom to the failed policies of this administration and the three dacde experiment of Reaganism. Yet, through it all, he shows how we can still salvage this and turn it from a bailout to a real rescue package.
We have never faced a time where progressive government is more imperative to our future. We face a stark challenge- we can either shift even more money upward through the bailout to the same criminals and scoundrels who caused this collapse, or we can use this package as a framework for progressive resurgence. In this effort, government can be a force for good and help lift working class families back up by giving a helping hand instead of a shove backwards.
Investing in homes and mortgage relief can not only keep families in their homes, it can then help relieve the collapse of the housing market. We need local and community investment and lending, too, not just a few huge nationalized monopolies. This helps our communities and Main streets, as well as our Elm streets and Martin Luther King ways, too. It also protects what is for many of us our biggest nest egg for retirement--our homes--especially after the hits our retirement funds have taken.
As an additional benefit, this plan Greider outlines will put more value into the assets we are buying as taxpayers, so we may actually get something of value back. This leaves open the capacity for further public reinvestment in America.
An Obama administration will be committed to making that happen, although it will also be up to all of us to hold his feet to the fire. Giving him a strong Senate is also an essential driver to make this happen.
Mr. Greider gave us a recipe to try and make lemonade out of the rankest lemons we have ever been handed. If we blow this opportunity, we may never get another chance, as it could truly lead to the downfall of our republic. The stakes could not be higher.
Thank you for your cogent and clear remonstrance to us in the plainest possible language. We better put it to work.