“Give the money to American citizens”.
What money? The United States is 50-80 trillion dollars in debt. The U.S. is insolvent. There’s no money to “give”.
If the money is raised through additional taxation, then they’d be taxing us only to give the money back? Silly.

-Mike

Give the money to American citizens. They will deposit the money into banks. They will catch their mortgages up to date. Force the banks to renegotiate loans to ones that are affordable. American citizens will buy more things. Banks will be forced to play nice if they want money from customers. The economy will be stimulated. Call it the Buy American Act.

The founding fathers trusted Americans and they built this into the greatest country in the world. It’s time for this batch of public servants to also trust Americans.

http://ewebsmith.com/bus/taxpayers.html

You sir are wrong.
There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks. But the banks don’t necessarily run the show. Nationally, the Federal Reserve System is led by a Board of Governors whose seven members are appointed by the president and confirmed by the Senate.

The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.

As the nation’s central bank, the Federal Reserve derives its authority from the U.S. Congress. Congress gives the Fed authority to issue “coinage.” Let me repeat,”COINAGE.”

What we actually have is fiat money, which is an oxymoron. Traditionally, money has been both a storehouse of value and a medium of exchange. Fiat money exists by mimicking both; but when its ability to do so ends, fiat money exposed for what it is, reverts to what it is—government issued coupons with expiration dates printed in invisible ink.

Fiat money distorts the time value of money and in so doing destroys both money and the economies that use it. Real money like gold and silver has value over time, the greater its value and the longer it endures, the more likely it will be accepted as money.

It’s been 95 years since the Federal Reserve System and its credit based money took over the US economy. Now, the United States, once the world’s only creditor is by far its largest debtor. A report from the Federal Reserve in 2006 stated the US is technically bankrupt with $65.9 trillion in irreconcilable obligations. Currently, the US can only pay its debts by issuing new debt. Default comes next.

A third piece of legislation has been introduced in the House of Representatives that could result in the alteration of the metal content and sizes of U.S. circulating coins. H.R. 5512 is titled the Coin Modernization and Taxpayer Savings Act of 2008.

H.R. 5512 calls for the manufacture of a steel cent within 180 days of the bill’s passage. The coin is to be treated so that it will have a copper appearance like the current copper-plated zinc cent.
The legislation was introduced Feb. 28 with cosponsors who chair committees or subcommittees that oversee numismatic legislation.
Rep. Zack Space, D-Ohio, introduced the bill. Cosponsors are Rep. Luis V. Gutierrez, D-Ill., and Rep. Barney Frank, D-Mass. Gutierrez is chairman of the Domestic and International Monetary Policy, Trade and Technology Subcommittee. Frank is chairman of the House Financial Services Committee, which oversees the Monetary Subcommittee.
All three representatives have been sponsors or cosponsors of similar bills that remain before the House of Representatives.
The newest legislation would cede part of Congress’ constitutional authority over coinage by authorizing the secretary of the Treasury to change alloy specifications of coins issued by the U.S. Mint, without approval from Congress. It would also remove all weight specifications for individual coins from current law, thereby allowing the Treasury chief to issue regulations establishing the specifications.

It goes on to say that the new legislation would cede part of the Congress Constitutional authority over coinage by authorizing the Secretary of the Treasury to CHANGE ALLOY SPECIFICATIONS of coins issued by the U.S. Mint, WITHOUT APPROVAL OF THE CONGRESS!

Another one of your quotes: “But this is all moot as the bailout will be done as it is necessary…”

It is far from necessary. Let them fail!!

But this is all moot as the bailout will be done as it is necessary, which trumps all else–even Jefferson bent to Necessity with the illegal Louisiana Purchase.
Free will gets you so far, and then Necessity steps in at some point, and you have to choose, unfortunately, the lesser of several evils as the issues are not amenable to some principle that can no longer be applied. As we do not live in the State of Nature, we also do not live in some imaginary principlaity or republic–we are in the city of Man.

“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions is society will always exists under every just government. Equity of talents, of education or of wealth cannot be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy and virtue, every man is equally entitled to protection by the law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society–the farmers, mechanics and laborers–who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principals.”