We used to say, what's good for General Motors was good for America. But today, as America goes, so might go the biodiverse health of our planet. Everything on good ship mother urf is interrelated. We need to refresh our cap id a list structures, and renew our entrepreneurial spirit.

Everything hangs in the balance of sense. My program calls for the purchase of every mortgage in the country. We, the people, through our government, should purchase every mortgage in the whole USA; the good, the bad, and the ugly. Ugly are mortgages known as tock sick.

These residential mortgages can be purchased by virtue of this presidential candidate's innovative conception:Mortgage Savings Bonds, an original financial instrument, knot inflationary cold cash, hot off the presses, which we don't have, but the Obama administration insists on printing.

OldCheyenne-easy say: "Cash fusion make hot pocket. Burn hole," like the banksters remodeling of their office bathrooms with silver trash buckets and gold plate toilet seats for their visiting associates.

These Mortgage Savings Bonds cannot be cashed until the mortgages are paid, but they certainly could be sold or traded by their holders on the open market. Savings Bonds are backed by the good faith of the American people; in this case, real properties on which these proposed innovative instruments, Mortgage Savings Bonds, will be written.

We pay 90 cents on the dollar for the good, 85 cents for the bad, and 60 cents for the ugly; millions of mortgages, all refinanced with thirty-year fixed rates, the in tryst spread, according to the credit worthiness of the mortgagee, running from 3% for triple A, to 7% for sub-prime, late pay tock sick holders with deadbeat cred.

Rather than more public bailouts, or government intervention, banks can work with we, the people or sink in their own holes. We are purchasing all the home mortgages, good, bad, or troubled, regardless what the banks want, with Mortgage Savings Bonds backed by the good faith of the American people. We, the people are entitled to repurchase the resulting fruits of our labor, the sale, by Obama Executive Order, or upon election of someone committed to this program. (hint: the author, whose name appears below).

This proposed buyout is a reasonable, yes we can do, beneficial refinance program!

Retooling these millions of mortgages, a giant job, can be accomplished with a fail-safe do-it-your self, online program. Those without computer literacy can get their numbers entered by income tax preparers, their fee, Uncle Sam guaranteed.

Every homeowner benefits from a restructured fixed 30 years mortgage. The world's e con oh me will settle into non-inflationary growth from this mortgage solution, the stage set for cleaning the planet.

We can tack a non-interest bearing 2nd mortgage on sub-prime homes that swapped and sold for twice their value, toxic still, after a 60 percent whack, so people can remain in their sub-prime dream, pay down their debt, and eventually, as prices inch up, their mortgage drawn down, see their liens paid off fair and square, with their equity left intact. This is a healthy way to stabilize sub-prime neighborhoods. A foreclosed house devalues the street.

After our Louisiana styled repurchase, the mortgages on every house in America will be divided amongst bank branches in the same zip codes, for servicing. The ex-mortgage holder banks are compensated for collecting our mortgage payments, on behalf of we, the people, the Mortgage Savings Bond backers.

We let the banks hold 'our' money, twelve payments worth, before they have to begin handing over our ducats to Washington. With a year of mortgage money, banks at the branch level will be flush with liquidity for loans, replacing money central management blew on swap speculations, now available in the neighborhood branches where the money is collected; where the jobs are created.

Branches can provide capital to all the capital hungry businesses in their zip codes the old fashioned way, after a visit to the business' premisis. There will be in tryst on the Mortgage Savings Bonds with which all the home mortgages were purchased. Jobs will be created.

There will be in tryst on 'our' money, which we are allowing the banks to borrow from us expressly to loan out to all the businesses in their neighborhoods that require capital, so interest we accrue from our trillion-dollar mortgage purchase is washed.

Or, our mortgage payments could be freely loaned money we loan shaky banks to turn around for profit. Banks ought to like that, or we could let the shaky banks fold their tents and quadruple our federal credit unions as instant bank replacements.

One aspect of our federal credit union system worth noting: the shareowners are the depositors. What's wrong with a capitalist enterprise funded, owned and run by users, like our socialist-tickle Medicare?

Our Treasury Secretary stated on This Week, With George Stephanopoulos, "A core part of our plan involves making sure banks have enough capital to provide the lending we are going [slur] need to get recovery back on track.

But the banks used our bailout money to purchase other banks instead of loaning the money, bringing to the foreground a universal concept: cheaters always lose!

Now to the interest on these millions of mortgages: The interest goes to Washington every month! The monthly interest on all the home mortgages in USA, could total 300 billion dollars. All the income tax collected from taxpayers, their taxable earnings up to 125 grand's worth, might also total 300 billion dollars per month.

The interest on all our home mortgages can replace our income tax, up to the first 125 thousand dollars worth of taxable income! The rich are still paying some tax, after the 125 thousand deductable, while someone who rents has their income tax dollars in their own pocket to do with as they please, pay down credit card debt, save up for a house, a car, the kid's tuition, pizza.

Keeping your money is a politic concept all the people can endorse as long as the government is able to operate and deliver services.

"The day is here /machines kin run / in do the whirr kin / No tax on my hands brother / Tax machines instead."

A working homeowner is freed from paying income tax. The interest on his mortgage goes for our public works, replacing the tax on his hands. Washington, DC has operating capital. We keep what is ours.

Apply this same principal to commercial mortgages. The mortgages are seized, not the property. Mortgage Savings Bonds are a great rock solid investment. This buyout is fabulous for commercial mortgage holders because so many are facing default.

The advantage for commercial mortgagees: their property is purchased, the mortgage in the Government's hands, via Mortgage Savings Bonds, letting the owners off the hook, their option, retain property management, which earns money. The principal goes toward retiring the Mortgage Saving Bonds, the interest to cover the rising cost of living, example Medicare, so life is good for all.

The above program provides permanent income tax relief for our citizenry, toxic asset relief for bogus banks, and effective capital replenishment for the government. With this mortgage innovation in place, other countries will be lining up to invest in America.

At the end of the This Week segment, after replaying the Saturday Night Live spoof of Treasury Secretary Geithner that aired the night before, Secretary Geithner remarked, "People have a lot of ideas." . . . "We listen to everybody." . . . The only test that matters is, is it going to work. Is it going to get credit flowing again."

Were Geitner's, "We listen to everybody," statement only true.

180 million taxpayers will vote for these recession stuffing relief measures in a heartbeat because every taxpayer benefits. President Obama should read this essay. His approach feeds the bureaucracies that fed his campaign by printing trillions of dollars in future debt, Obama's risk: a stick of chewing gum will cost our gum chewing electorate one dollar plus tax before the next election, so he will be turned out after one term.

This innovative program bypasses bureaucracies, the only ego inflated creatures on planet earth that both feed on themselves, and multiply. Can you suck on your toe and create two of you? Bureaucracies can and do. Bureaucracies are rigid, appearing unsinkable, but they must be sliminated for planet health.

We need to rearrange how governments generate money so the funds are available to cleanly reenergize our good ship Mother Urf.

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