Tuesday, August 18, 2009

From a "How Would You Fix the Economy?" article...

joe biden and barack obama
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Came across this post on one of the forums I frequent...

"From an article in the St. Petersburg, FL Times Newspaper on Sunday.
The Business Section asked for readers for ideas on "How Would You Fix the Economy?" (I think the guy nailed it!)

Dear Mr. President:
I'd like to submit (below) my suggestion for fixing America's economy.
Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.
You can call it "the Patriotic Retirement Plan".

There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations.

(1) They MUST retire. Forty million job openings = Unemployment fixed!
(2) They must buy a new American CAR. Forty million cars ordered = Auto Industry fixed.
(3) The MUST either buy a house or pay off their mortgage = Housing Crisis fixed.

It can't get any easier than that! If more money is needed, besides printing it, have all members of Congress and their constituents pay their taxes!....

If you who are reading this, think this would work, please copy this and forward it to everyone you know."


Alan Crosby said...

While a good idea, I purpose a few questions.
1. Now that you have retired the work force over 50, do you think that 1 million dollars will keep them on thier own are they going to have to get social security, or did they wave that?
2. wonder a new car. Problem sovled for now. How can you keep this going?
3. A new house even better, now they ahve to pay taxes on the land and not having income will prolly lose the house again. How can you keep the house from being taken from them, because of taxes?

Last question.
You are 49 today, and 50 fifty tommorrow, how many people turn 50 in a month, a year and a day? The problem would be spending. We already have a 1.6 trillion spending problem

All your ideas are

Stormdrane said...

The points in the article leave a lot of potential 'what ifs', but I'd rather see money go to the people of this country than put in the hands of corporations that have shown poor decision practices in the past.

That being said, spending money that doesn't exist is just wrong, and the current administration along with congress seem to offer no definitive plan of action that will improve the county's economic situation.

I don't know what will and won't work, there's just to many possibilities. But, doing nothing isn't going to work either...