How to Quickly Fix Our Government (and Our Economy)

07/05/2010 11:24 am ET | Updated May 25, 2011
  • John R. Talbott Bestselling author of Survival Investing: How to Prosper Amid Thieving Banks and Corrupt Governments and professor of finance at S P Jain School of Global Management

Don't vote for anyone running for congress this year unless they have signed The Pledge below. We don't have to wait until Congress changes the laws regarding special interests, lobbying or money in politics or the courts rule that corporations aren't the same as people, they never will. We can act now. And we don't need a constitutional amendment or constitutional convention to make it happen.

If we can make candidates sign The Pledge, Congress will begin to act in the interests of the people instead of solely for monied special interests, banks and corporations. Surprisingly, the economy will begin to improve immediately as we start to address the real problems facing Americans rather than just those affecting Wall Street banks. It will also lead to better legislation across the board including health care, the environment and immigration reform once we return the power of our government back to its people and restore our one person, one vote democracy.

The Pledge works equally well for Democratic, Republican and Independent candidates as this issue crosses all party boundaries. What is wrong with America cannot be measured on a conservative versus liberal spectrum, but must be seen as a political and corporate elite versus the people fight. All true Americans, regardless of party, know which side of that fight they want to be on.

The Pledge

  1. I pledge never to meet at any time or place with any lobbyists or their representatives, or knowingly communicate with them in any way, saving my valuable time for meetings and communications with my own constituents and my fellow Americans.
  2. I pledge to refuse any and all lobbyist money and support as well as donations from foreign entities, corporations, banks, PAC's or any political parties and will only accept contributions from real human persons.
  3. I pledge not to seek reelection to the House after six years of service (twelve years for Senators) as I have no interest in becoming a permanent Washington insider, but only wish to serve my constituents.
  4. I pledge to try my best to determine and then vote the way a majority of my constituents would vote on any particular issue and not let my own biases, opinions and prior beliefs affect my final vote.

I pledge the title to my home and primary residence (or 1/3 of my assets, whichever is greater) to be held in escrow with the instructions it (they) be sold and the net proceeds distributed equally to my constituents if I ever break any of the promises above.


All Future Democrat, Republican and Independent Candidates for Congress

John R. Talbott is the bestselling author of eight books on economics and politics that have accurately detailed and predicted the causes and devastating effects of this entire financial crisis including, in 2003, The Coming Crash in the Housing Market and in January 2006, Sell Now! The End of the Housing Bubble. He is currently working on a new book that will be published in September 2010 entitled, The $200 Trillion Crisis. It will be published electronically and will be available for pre-order on Kindle and iPad starting in August 2010.