Election day is only seven days away and every candidate is getting edgy and anxious. This last month's economic collapse has wiped out trillions of dollars worth of investments and it seems that no one can come up with a plan that can even slow downthis avalanche of sell-offs that is happening. Total collapse of smaller nations such as iceland, mean they must now go to the International Monetary Fund (IMF) for their survival. They begged Russia to lend them $5 billion to prevent this, but apparently Russia doesn't have it to lend right now.
And it just keeps getting worse. Where it will bottom out, no one knows at this point in time. But one thing for sure is, this downturn is not going to be contained in just a few week or months; it will take years to build back our economic superiority. For many people, years of hard work, conservative living and investing in their future has been wiped out due to these economic thieves who promoted this pyramid scam. These crooks are now walking off with millions in severance packages from these banks that caused this crash. now they want the government to bail them out.
This is so wrong. The CEOs of outfits like Fannie Mae, Freddie Mac, Lehman Bros., AIG and many others like those, should be jailed for promoting fraud, certainly not getting severance packages. That would restore some confidence in the economy for many who have lost so much. This is the time for a little common sense.
No one, including me, can come up with a clear-cut solution ; it's going to take years of hard work and super intelligence to get the market back on its feet. I can, however, help Ohio through these tough times by coming up with some much needed reforms that I have stated in my Top 10 Promises to the People and reasons why you should vote for me, Bob Klug for State Representative:
1. Give new entrepreneurs with less than 25 employees a 5-year moritorium on the dreaded workman's comp tax and the unemployment tax. This will give them a chance to build enough capital to survive in competition.
2. Give seniors 78 years or older who have paid property taxes for at least 25 years a true Homestead Exemption Act. These people will be completely exempt.
3. Give free college education plus a living allowance to the surviving children of any Ohio armed services men and women who were killed in the line of duty. This will also apply to the children of police and firefighters who die in the the line of duty.
4. Get the state out of the liquor-selling business. Allow current holders of C1/C2 licenses to also sell liquor bought directly from distributors. Let each county decide where these operations should be. Any loss in revenue will be well made up for in sales tax on these new liquor purchases.
5. Protect the property owners from being ripped off by utility companies such as Duke Energy by restoring the controls to the PUCO.
6. Set education as the most important thing that the legislature does and find money other than property taxes to pay for it.
7. Bring OHIO into the 21st Century!
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