TARP, Stimulus Package and other Random Thoughts

With the Stimulus Package ready to be passed next week, I've had some additional random thoughts.

The Stock Market: It still seems to me that the stock market is incredibly undervalued. It wouldn't take much to shoot the stock market up 200 or 300 percent.

What would prevent this from happening?

1. Additional greediness, fraud, fear, incompetency or dishonesty on the part of corporate and government leaders.

2. Too much inflation.

3. Laziness, idleness, dishonesty, fear and/or greediness on the part of people in general.

4. A weak US currency.

Representative Jim Matheson, from the State of Utah, voted against TARP, but in favor of the Stimulus Package. Many of our other government leaders are in the same boat. His reasoning for voting against TARP was the increase in the national debt. Since the Stimulus Package is another layer of debt, it seems inconsistent and contradictory for him to vote for one and not the other. I'd like to hear his explanation for the sudden change of heart. But, I guess that I already know the answer to my concern. He's a politician.

Should we nationalize Bank of America? Absolutely. Let the taxpayer own this institution. It seems to me, in the interest of fair competition, that it is time to nationalize some of our corporate institutions. I don't see any other way to reign in the cozy abuses of the leaders of many corporations. Corporate boards are just too cozy in justifying their own high pay packages.