AN OPEN BLOG TO PRESIDENT OBAMA

Mr. President:

Show me the money! There is no point in your pretending to be President of all the people of the United States of America, when, in fact, you are merely the "pal" of all the big banks, investment houses, and corporations too big to fail because they are so heavily invested in a worldwide web of derivatives that they must be propped up on the collective backs of the people. Let them fail & fall. It will only cost you your financial friends, but why should you need a set of proven incompetents?

Oh, I know! You politicians have given the bankers the sole power to create money for the citizenry, so, if we are to regain a healthy level of liquidity, it is the banks that must do it. Your hands are tied by the Federal Reserve Act of 1913, you say? Rubbish!
Instead of pretending to be "Lincolnesque," why don't you be Lincolnesque in fact. How? Have your Democrat Party peers pass legislation to issue two trillion dollars in "green backs" which are full, legal tender and which can be used (and must be accepted) by the citizenry for payment of all debts, whether public and private. Pay this money directly and indirectly to the citizens of the country through the Small Business Administration's issuance of interest-free, twenty year grants to America's small businesses. Pay it directly to senior citizens (62 years old or older) as a "Thank You" dividend, as they are the ones who, despite the destructive "policies" coming out of federal and state governments, kept the nation moving forward. Through the office of the Surgeon General, provide funding for the nation's ill who are unable to cope with the costs. Using the Army Corps of Engineers and other federal offices, pay it directly and indirectly to the companies and people involved in infrastructural work so broadly, deeply needed in this country. Surely, there are other sensible ways of putting those "green backs" into the hands of the people.
The recipients of these "green backs" will then put their money into the banks of their choosing. Hence, your beloved banks would, in fact, soon have the funds deposited in them. As the deposits are "on call" by the people, rather than loans to the people "on call" by the bankers, there is a good chance that the bankers won't go immediately irrational in their banking procedures. With "money in the bank" the people will lead the nation out of its present problems by the simple method of spending the new money in the many diverse and mundane ways that living in America demands. This allows money (a nation's blood) to work itself through the "body politic."

In short, Mr. President, fund the small businesses and the people (as noted above) of America and get out of the way. Go play "b-ball" because your problems will be over domestically, and you can relax. As for the failing big banks, America is used to disaster from hurricanes, tornadoes, forest fires, floods, and worse; they can handle the demise of Citicorp. Can your European pals? Can you?