A Better Plan for the Economy
The people making the rushed decision we will pay for and we don’t know the details about are compromised. It baffles me why they haven’t rounded up the economists and others that have predicted this FOR YEARS to come up with a smart plan that will really help America. Instead it is left to the same people that closed their eyes (at best) and now are crying hero.
Gather all of the best and the brightest and bring them to Washington and make a consortium where ideas can be shared and discussed. The majority of this consortium should be composed of third party economists and scholars.
Or just listen to the common sense ideas of American citizens.
Here are a few:
One person’s thoughts from a blog:
The reason for the problems we are facing is simple. Amortization. You buy a 200,000 home with 10% down and you pay back 400,000-600,000. How is that sane by any definition. Houses and cars should only financed with Simple Interest. Bank should make a fair profit, but not an insane one. If everyone who bought was paying for a simple interest loan their payments would be far more affordable, they would be making their payments and the financial markets would be fine as people would be buying and selling. Banks got greedy with amortization and now WE are suffering for their greed.
An email that is circulating has the common man’s thoughts. Maybe we should send a copy to the House and Senate…
Good afternoon my fellow Americans,
I’m against the $85,000,000,000.00 bailout of AIG. Let alone the $700,000,000,000.00 bail out for wall street. Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend. To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up. So divide 200 million adults 18+ into $85 billion that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads.
Put away money for college - it’ll be there.
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs.
Invest in the market - capital drives growth.
Pay for your parent’s medical insurance - health care improves.
Enable Deadbeat Dads to come clean - or elseRemember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!
I trust my fellow adult Americans to know how to use the $85 Billion. And remember, This plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
Kindest personal regards, A Creative Guy & Citizen of the Republic
I just had to pass these on.
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