How would YOU handle the finantial crisis?

[TheRealMafoo]

Short Term:
I would not bail out the banks. Let them file for bankruptcy. That's what it's there for. I would also immediately put into motion huge spending cuts. Get rid of lot of what Government pays for. The government should NEVER spend money we don't have, or can't borrow (and we do it all the time). Making money up is a bad idea. If we have a surplus, we would have more options as to how to handle this crisis. We are broke, so that limits what we can do that will have positive results.

Long Term:
I would remove policies that attempt to help the lower class through questionable means. The best way to help the lower class is to remove them from the lower class through education and employment. Give them the tools to improve there lives, help them with additional funding if need be, but don't lower interest rates and incentives sub prime loans as an attempt to help the poor generate wealth. They are called sub prime loans for a reason ;)

I am a constitutionalist. I believe in what it stands for. We have been a long way from it for a very long time. I would do what I could to at least start moving back in the right direction.