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Jared Tracy leads dreamers. He is a marketing consultant as well as a business leader and entrepreneur. He is an accomplished copywriter, prolific blogger, and communication coach. In a past life he was a genius in Database and Web Technology development. Jared travels to various trade shows and events for the technology and consumer products industries. He is also a public speaker on topics such as marketing, product development, and leadership.

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Paulson: Spend Our Money on Public Transportation

November 14th, 2008 • Related • Filed Under

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There’s been a lot of talk about bailing out the auto industry, more money for AIG, and buying stock to “help balance sheets” for the banking industry. All of these are a total waste of money. However, there is finally a group of people asking Paulson for money that actually makes sense.

Public transportation agencies in several cities around America have put themselves into a precarious situation through their leaseback agreement they made years ago. The idea was pretty simple, sell their assets and lease them. This typically works out well for many businesses, and it was working out just fine for the transportation agencies. That is, until AIG (who was insuring the agreements and is now bankrupts several times over) was downgraded from AAA status to, we’re just going to keep asking for money from the federal government status.

This is where Paulson should be spending our money. Public transportation is a cornerstone of the economy. The availability of mass transit is critical to metropolitan and suburban workers and businesses. Public transportation numbers are at an all-time high as well. In fact, as I write this article, I’m on a train available because of public transportation agencies. These agencies has proven over the last decade that they are capable of making their payments. Unlike the stock buyout plan, we have a much better probability of getting our money back from this government action.

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