Tuesday, February 10, 2009

We don't know the details of the Geithner rescue plan, but that may be a good thing if the concept still needs tweaking.

Do you need a loan? That's what the government plan assumes as they are talking about providing up to $1 Trillion dollars in loans available for such things as car loans, home loans, school loans and other loans. But call me foolish, but I don't know if people are really going to borrow money if they have no way of paying off or are worried they may lose their job and not be able to pay the loans back. But that is part of the reasoning in the Treasury Secretary Tim Geithner's rescue plan still being worked on, and, is partially included in the Stimulus package, in Conference Committee, now in the Congress.

I know I don't need a loan, and many people I have talked to recently, don't need a loan. They want to make sure they, and their friends and family, have jobs. Tax cuts don't seem to be an answer for people worrying about their jobs but that's what 42% of the Stimulus package includes, right now.

The only thing I want is for all leaders involved in defining these details to not allow their ideology to get in the way of needed actions and compromise. That's probably what you want to.

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