Kucinich puts forth different bailout plan

[AnOhioan]

With the White House and Wall Street pressuring Congress to quickly approve a massive taxpayer-funded bailout package this week, several Democrats are coming forward with proposals they say would benefit average Americans alongside financial executives.

Rep. Dennis Kucinich (D-OH) outlined a proposal he said would create "a genuine ownership society," by giving taxpayers a stake in the companies the government will be saving with its proposed $700 billion package.

“Simply purchasing bad debt, 'cash for trash' and not receiving anything of value or giving $700 billion and not having a commensurate equity interest in Wall Street firms is unacceptable," Kucinich said in a news release Monday. "No 'cash for trash.'"

The former Democratic presidential candidate said he would be introducing a bill this week to create a "United States Mutual Trust Fund" to convert assets purchased by the governemnt into shares that would be distributed to every man, woman and child in the country. Every American would receive about $2,300 worth of shares because that is the cost of the bailout package to each individual, Kucinich said.


Complete article http://rawstory.com/news/2008/Kucinich_No_cash_for_trash_give_0922.html