We will know when the people in Washington get off the edge of the cliff they have pushed us toward when they make a real energy policy, put an end to 401k's and Conventional IRA's, end Mark to Market rules, put the up tick rule back in and recriminalize federal gambling in the markets. Although our hard work on the stimulus plan has paid off with the House and the Senate and is now law, we now need a new package to help reduce oil imports. I think we have to keep the pressure on the House. We have to let them know we need new investment credits for drilling-our own fuel is need today, more help with renewable energy, a new push toward research in energy and even new nuclear power plants and dams. While the final version continued the plan to rebuild federal building, give tax credits for good home owners that reduce energy consumption, and for businesses to get help recommissioning, this was just a start. America still needs a new research lab just for superconductors and for everyone to have access. The problem with 401k's and Conventional IRA's is their demand to take distribution starting at age 70 and a half which will cause a massive stock market depression in 2016 as baby boomers have to sell stocks and other assets. The Mark to Market rules have changed to allow assets to be valued by their value and not by what the lowest price the asset sold for. The uptick rule which looks to be changing this week. After 9-11, Bush allowed for new rules (that were set up after the depression started) that made it a crime to gamble on assets. People are now allowed to gambling on stocks, bonds, mortgages, the price of fuel-just about everything without a corresponding other side of the bet or reality to the thing being bet on. Yet it was the insurance on mortgage backed securities and Mark to Market rules that sunk Leiman Brothers. It is only with solving our problems that we can move on to the problems like funding energy, Social Security reform, health care and so many others. I and millions others are watching
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