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Friends and Family,

Please read through this proposal on rescuing the economy and if it makes sense to you, let’s do something about it!

It is well known that the government is talking about giving a large chunk of our taxpayer’s money to the failing banks yet another time. When this is done, there is a good chance that we will never see the money again. If this happens, no one will gain confidence to go out and spend money, and our economy could continue on its downward spiral.

What if the government, instead of giving the money directly to the banks, gave every taxpayer in America a credit of $2000.00 ($4000.00 per couple) to allocate to the below categories. This money would then give the banks the revenue that they need as well as give relief to the American taxpayer who worked to give the government the money in the first place. We would all gain confidence that we are working in the right direction to decrease our personal debt as well as stabilize our financial institutions.

Each taxpayer would choose from the following categories through certified mail and drivers license/I.D. verification, to which account(s) they would want to allocate the money to. This one-time allocation would then be directly sent by the government to the specified
account(s):

1. Directly to a credit card account with a negative balance as of a specified date (this benefits the lending institutions)
2. Pay down the principle of your mortgage (this benefits the lending institutions)
3. Roth IRA for retirement (this benefits the lending institutions)
4. A future College 529 Account (this benefits the lending institutions)
5. Pay directly to Utility Companies (this benefits the working poor)
6. Directly towards college tuition (keeping our young adults in school)

As of 2007, there were 138 million taxpayers in the United States. If each taxpayer that makes a combined household income of $250,000 or less gets a credit of $2000.00, this would amount to approximately 275 billion. The taxpayers and the financial institutions would both benefit and help to create the stability that is needed at this time. Perhaps this would need to be combined with the Economic Stimulus Package currently being considered by Congress so that our National Debt is not increased even further.

Thank you for your consideration.

Now, if this sounds good to you, forward this to your friends and family, your local Senator, and to the President himself.

To email your Senator, google their name with “email address” & you can cut the text above and paste it into their message area.
To email President Obama, use the below email and the text below. This is a condensed version because only 500 characters are allowed.

Together we are a voice that will be heard!

President Barack Obama’s email address:
http://www.whitehouse.gov/contact/

Bank Bailout: In order to help Americans pay down their debt, gain confidence in the economy, and help the banks, please consider giving every taxpayer a $2000 credit to spend in the following way:
1. Directly to a credit card account with a negative balance as of a specified date
2. Pay down the principle of your mortgage
3. Purchase a Roth IRA for retirement
4. A future College Savings 529 Account
5. Pay directly to Utility Companies
6. Directly towards college tuition

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