Dear President Obama:

After eight years of Tax Cuts and 28 years of Reaganomics we are now reaping the fruits of that approach. Tax cuts stimulate all right, they stimulate a culture of greed and corruption, fueling a speculation bubble that eventually has to burst. Well burst it did.

Instead of tax cuts followed by bailouts, followed by more tax cuts followed by more bailouts it is time to address ourselves to the real business at hand; to create wealth in an ever shrinking and perilous planet. Not bigger government or smaller government but government that works and is efficient. 

Direct infusion of capital into the economy is best accomplished through paychecks that go to people who work in the trenches of our society building infrastructure that pays dividends for future generations. 
Mass Transit, 
High Speed Rail, 
Wind Farms, 
Solar Farms, 
Updating our electricity grid to support net metering for profit
Updating our health care infrastructure
Eliminating the "health care tax" of private insurance that stifles our economy
And other programs that directly emply people to build something of lasting benefit to future generations

On your web site, show us the detailed cost benefit analysis for all your proposals and how they create wealth and not just re-distribute it.

And as to the banks and the Auto industry? No Bailouts!!! Let the market take its course but offer this helping hand to consumers. 

A federal loan guarantee program:

Benefits would include:

• Leverage the cost of this stimulus by engaging the banks 
• Support the banks since they can lend without risk 
• Support the consumer to start spending again 
• Support the auto industry and encourage it to build better cars 
• Kick start the economy to create jobs through real demand fro products

How it works:

• Applies to mortgages under $500,000
• Applies to car loans under $40,000 with an MPG rating of 40 or more
• Applies to consumer loans under $20,000
• Loans are provided by banks at a fixed interest rate of 4%
• Loans are fully guaranteed by the government
• Borrowers must qualify by showing employment and ability to repay
• Borrowers must qualify by earning less than $250,000 per year

The American people have demonstrated their trust in you. Isn't it time you demonstrate your trust in them?

Thomas Teuwen
Friday Harbor, Washington

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