BOTH THE PELOSI PLAN AND THE SENATE "NEW ERA" PLAN call for several NEW TAXES, none of which will do a single thing to help the people get through the gas and economic situations. Neither plan puts a single gallon of gas on the market; neither plan helps the economy.

The Republicans quit listening to the people in the first place and that is why we are in this mess and distrustful of the current crop of elected officials. ANY NEW TAXES will cement our distrust in elected officials and it will wind up causing a voter revolt like you never imagined!

The FIRST STEP IS TO MAINTAIN NO NEW TAXES! Eliminating corporate taxes would go a long way in addition to no new taxes. Corporations simply pass on the taxes to the buyer’s aka taxpayers. ALL taxes on corporations are actually on the taxpayer themselves.

The SECOND STEP is to do the following in the order shown, ALL THE WHILE UNDERSTANDING THAT EVERYTHING THAT FAILS TO HELP PEOPLE GET THROUGH THE GAS AND ECONOMIC CRISIS IS NO GOOD. MORE TAXES ON PEOPLE WHO ARE ALREADY HURTING IS JUST PLAIN STUPID!!

1. Expand oil and fuel storage facilities. WE have full storage tanks now and cannot pump or store any more crude oil OR FINISHED FUELS. USE US CITIZEN LABOR AND US COMPANIES ONLY. My cousin just came back from the Dakotas; they have lots of oil to pump up and already pumped up but NO WHERE TO STORE IT. During this phase also begin construction of new refineries FAR AWAY FROM THE US COASTLINES to minimize the adverse impact of seasonal storms and disasters. Use former military installations and bases closed under BRAC as the actual locations AND INCREASE PRDUCTION IN THE PRESENT REFINERIES!

2. Connect all oil wells, oil fields, storage facilities, refineries and finished fuel storage facilities via pipeline using USE US CITIZEN LABOR AND US COMPANIES ONLY. Use trucks to get the fuel to the gas stations.

3. DRILL HERE, DRILL NOW, DONT WAIT ANY LONGER. This requires eliminating the prohibition on drilling from the Federal Operating Budget. That is where the Democrats have buried it so that anytime a federal operating budget is passed, so is the ban on drilling. THIS IS NOT NEGOTIABLE.

4. The next quickest thing to do is to convert all FEDERAL, STATE AND LOCAL government vehicles to LPG/LNG. Provide people with the ability to fill their cars from their homes natural gas service. To encourage the citizen to also do the same, permit them to deduct the expense of conversion of their vehicles from their taxes. Use US Citizen businesses and labor to do it. Permit the fuel retail vendors the same kind of tax breaks for installing the natural gas equipment. PRICE ALL RETAIL STATION NATURAL GAS IN GALLONS, NOT POUNDS OR CUBIC FEET.

5. The next thing to do is to permit the leaning out of the engine fuel systems of all vehicles on the road in the US. Currently ALL injector systems and carburetion systems are designed to run VERY RICH, over twice as much fuel is used than with LEAN BURN settings and equipments. If necessary change the EPA rules to permit leaner burning engines.

6. Start contracting via the Department of Energy to install wind generators in the US primary wind corridors. Put the manufacturing, supply and storage facilities near the cities that have had the highest job losses in the past few years. USE US CITIZEN LABOR AND US COMPANIES ONLY.

7. Start construction of proven nuclear power generating stations. Use the closed military bases and installations as the locations for them. USE US CITIZEN LABOR AND US COMPANIES ONLY. This program can be started today, will yield results within one year and results will magnify exponentially as more steps are taken and completed.

Doing the plan the way shown will also cut the unemployment rate by creating new jobs paid for by the public sector, not government taxes.

I call it the LIFEBOAT ECONOMIC RECOVERY ACT

This action is designed to rescue the victims (aka taxpayers) of the current real-estate fiasco similar to a lifeboat rescuing shipwrecked victims.

There are TWO parts of this action plan.

PART ONE:

Stop all Foreclosures and pending foreclosures.

Reallocate all delinquent payments to the end of the loans.

Force financial institutions refinance all current ARM’s to 6% fixed rate at current remaining balance of Principle on loans. Those financial institutions that refuse to do so will then fall under PART TWO.

Prohibit further refinancing on these loans for 5 years.

Prohibit any further use of ARM’s for residential loans.

For homes already foreclosed but still vacant with no contracts, offer them to the previous owners under these terms.

Apply this to ONLY individual primary residence mortgages and the individual owned farms mortgages.

You will have effectively eliminated the mortgage market as an active contributor to the economic morass at this point, without costing a single dime in taxpayer money.

PART TWO:

Immediately freeze all assets of all corporations involved except as above.

Immediately freeze all assets of all individuals in same corporations from the CEO/President/Chairman of the Board down to the lowest level subordinate accounts manager. This includes the immediate family members as it is presumed that all gains would have come from the entire process.

Perform full audit of all accounts using disinterested auditors/Federal government auditors.

Prosecute to the fullest extent of the law all persons found to have committed illegal actions, theft, fraud, and embezzlement.

Let all remaining corporations suffer the consequences of their own mismanagement and misdeeds, to include total collapse if it comes to that.

Once an individual is cleared by the audit of any illegal actions release their individual assets.

All assets of all persons involved become subject to civil litigation and the consequences thereof.

This action will fully solve the entire fiscal morass created by well intentioned but misdirected individuals and will stabilize the US economy overnight.

The only area of the economy that will remain in serious trouble will be the Energy market. Those can be handled by the previous actions I sent to you.