Best Idea To Fix The Economy?

1milliondollarbillThe Sunday Business Section of the St. Petersburg Times Newspaper asked readers for ideas on “How Would You Fix the
 Economy?”.  And the best idea is…

Dear Mr. President,

There are about 40 million people over 50 in the workforce. Give each of them $1 million as severance package with the following stipulations: 1- They must leave their jobs. Forty million job openings – Unemployment
 fixed..2- They must buy NEW American cars. Forty million cars ordered – Auto
 Industry fixed…3- They must either buy a house/pay off their mortgage – Housing Crisis
Can’t get any easier than that?!?


34 Responses to “Best Idea To Fix The Economy?”

  1. 1 Matt Mar 25th, 2009 at 10:45 am

    Except for the inflation that would cause in Florida and Arizona!

    Better idea- give working employed Americans and self-employed business owners a break on the most regressive tax we have- FICA/Social Security/Self-Employment tax. That’s 15.3% on the first $104,000 of earned income.

    So, I guy making $65,000 gets taxes on 100% of his income. The guy making $208,000, gets taxed on HALF (just 50%) of his income.

    Cut that tax for the bottom portion of earned income workers and self-employed business owners, and raise the cap way above $104,000 to make up for the lost tax revenue. that would immediately put money into small businesses and the pockets of workers. Bam! Immediatey relief for those suffering the most and those who create the most jobs in this country- small businesses!

    You could still give the same incentives in my idea/plan to encourage home purchases, car purchases, etc. Ask Matt Online

  2. 2 choppertom Mar 25th, 2009 at 10:54 am

    that’s waaaay too simple. it would definatly work though! what about the lobbys and politicains-they would not get their kickbacks.

  3. 3 Jeremy Mar 25th, 2009 at 11:00 am

    Cyril. Is Obama subscribed to your Blog?

  4. 4 Black Shadow Mar 25th, 2009 at 11:15 am

    If my math is right (big “if”) that’s 4 Trillion about half what Obama is proposing. Heck, I’ll even pay for my own health care! Let’s do it.

  5. 5 Mike Mar 25th, 2009 at 12:04 pm

    Horrible idea.

    Thinking that buying 40 million cars or 40 million houses all at once is a solution to our housing and car industry problems is like thinking that giving a junkie another hit is going to solve their drug problem.

    Furthermore, these “over 50” people have anywhere from a year up to 17 years left in the workforce, and are often likely at the upper end of the salary level they will earn in their life. In that time many of them could earn over $1mm on their own and their work would actually increase productivity. So give them $1mm and tell them they need to buy a house and a car and quit their job – and what do you get? You get a bunch of people who just blew 10+ years of their income all at once who will be giving us another round of foreclosures and bankruptcies a couple of years down the road.

    We’ve seen how well paying people not to work has done at GM/Chrysler/Ford with the UAW’s stranglehold on these companies… doing exactly this sort of thing has pushed those companies to bankruptcy. And we want to do the same with the country?

    Terrible idea.

  6. 6 Brad Mar 25th, 2009 at 12:37 pm

    Mike. Your statements are dumb. Productivity doesn’t go lower if you replace 40 million workers by 40 million of other workers. And you don’t see the difference between people retiring with a 1 million package and people paid to work and who don’t perform at work? The latest category is more costly to our society.

  7. 7 Truthful thinking Mar 25th, 2009 at 12:55 pm

    Great ideas, but great ideas and logic never gets used by our government. Just like the idea about a Federal sales tax to replace the income tax. Great idea, not gonna use it, to easy. Lets all just sit back and wait for our new savior to fix everything the right way which is his way and we will all be just fine, dont hold your breath for sure………

  8. 8 Sam Mar 25th, 2009 at 1:01 pm

    Here’s a good idea: Instead of continuing to pick the pockets of American taxpayers, how about extending the tax cuts which are due to expire next year? Call it a Taxpayer Retention Bonus.

    Both the House and the Senate have proposed over $800 billion, a number that promises to mortgage the future of generations to come. What is becoming increasingly clear is that this bill has lost its original focus, morphing into one part “stimulus” and over 10 parts appropriations.
    What is also clear is that all the “stimulus” in the world will fail unless the banking system is fixed first. Look no farther than Japan in the 1990s to find proof. Despite repeated “stimulus” bills, credit remained scarce and the economy remained stagnant as banks and the government refused to deal with the falling values of real estate holdings, loans and other assets on banks’ books.

    So even as the cost of the stimulus bill piles up, it remains doubtful that such massive spending will permanently move the economy forward.

    Fortunately, there is a better alternative, one that costs a small fraction of Congress’ plan. It has the potential to provide relief directly to the segments of the economy both Democrats and Republicans want to reach. Best of all, it is a great opportunity to strengthen the American economy now and in the future.

    That alternative is slashing the corporate tax rate. A lower corporate tax rate adds positive individual (not government-mandated) incentives to economic areas that need attention and would be far more effective than the “tax cuts” in the current bill.

    Why would it be better? Consider first the boost to individuals’ spending. Right now Americans fear opening their latest 401(k) statements. Their wealth has plummeted, and aging baby boomers fret over when or if they will ever retire. Purses are snapped shut in an attempt to make up some of that loss.

    But a cut in the corporate tax rate alleviates those concerns. Stocks would certainly rebound dramatically, making consumers feel wealthier and more willing to loosen those shuttered purses. Consumer spending begins to rise.

    Companies are currently hampered by an inability to obtain bank credit. A corporate tax rate cut alleviates that problem too. Larger after-tax earnings increase working capital in a period of credit tightness. So would the lowered cost of repatriating earnings exiled overseas. Suddenly shelved plans can be financed internally.
    Jobs benefit as well. Keeping more of what is earned significantly improves companies’ incentives to expand production at a time of layoffs and a shrinking economy.

    In the longer run, it solves a competitiveness problem that is headed our way. The “Forbes Tax Misery Index” points out that the United States has the second-highest corporate income tax rate in the world and the highest once state taxes are included. Meanwhile, corporate rates have been slashed in Eastern and Central Europe. Countries such as Slovakia, Estonia, Bulgaria and Montenegro have cut their corporate rates to as low as 9%. Ireland and Hong Kong have had low rates for many years. Already Western European countries have felt the heat of this new competition. Austria, Germany and Switzerland have cut rates to keep companies from migrating east. It is only a matter of time until this increased competition washes up on our shores. Why not take the opportunity to prepare for this inevitable problem while strengthening the American economy now and in the future?

    Naturally Washington insiders will fret over the “cost” of cutting the rate. However, compared to the near trillion-dollar Congressional proposals, the revenue effect would be chump change. Corporate tax revenues were about $400 billion in 2008. That was before the economy contracted. The Congressional Budget Office reports that revenues were down 45% in the first quarter of fiscal 2009. So even an unrealistic static revenue estimate says the corporate rate can be cut in half for a little over $100 billion. With increased capital gains revenue from rising stock prices, increased corporate revenue from repatriated earnings and expanded production, and increased income tax revenue and lower unemployment costs from new job opportunities, the actual net budget change promises to be a fraction of that.

    Others will complain that cutting corporate rates is just more of the “failed” policies of George Bush. Quite the opposite. The 35% corporate rate is the same as when Bush took office.

    Clearly the corporate rate cut will deliver a big bang for the buck. It contains tremendous political upside. Come’on Congress, it’s a no-brainer.

    Yes, banks did overleverage and take risks they shouldn’t have.

    But the fact is, President Bush in 2003 tried desperately to stop Fannie Mae and Freddie Mac from metastasizing into the problem they have since become.

    Here’s the lead of a New York Times story on Sept. 11, 2003: “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.”

    Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie.

    “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Rep. Barney Frank, then ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

    It’s pretty clear who was on the right side of that debate.

    As for presidential contender John McCain, just two years after Bush’s plan, McCain also called for badly needed reforms to prevent a crisis like the one we’re now in.

    “If Congress does not act,” McCain said in 2005, “American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole.”

    Sounds like McCain was spot on.

    But his warnings, too, were ignored by Congress.

    To hear today’s Democrats, you’d think all this started in the last couple years. But the crisis began much earlier. The Carter-era Community Reinvestment Act forced banks to lend to uncreditworthy borrowers, mostly in minority areas.

    Age-old standards of banking prudence got thrown out the window. In their place came harsh new regulations requiring banks not only to lend to uncreditworthy borrowers, but to do so on the basis of race.

    These well-intended rules were supercharged in the early 1990s by President Clinton. Despite warnings from GOP members of Congress in 1992, Clinton pushed extensive changes to the rules requiring lenders to make questionable loans.

    Lenders who refused would find themselves castigated publicly as racists. As noted this week in an IBD editorial, no fewer than four federal bank regulators scrutinized financial firms’ books to make sure they were in compliance.

    Failure to comply meant your bank might not be allowed to expand lending, add new branches or merge with other companies. Banks were given a so-called “CRA rating” that graded how diverse their lending portfolio was.

    It was economic hardball.

    “We have to use every means at our disposal to end discrimination and to end it as quickly as possible,” Clinton’s comptroller of the currency, Eugene Ludwig, told the Senate Banking Committee in 1993.

    And they meant it.

    In the name of diversity, banks began making huge numbers of loans that they previously would not have. They opened branches in poor areas to lift their CRA ratings.

    Meanwhile, Congress gave Fannie and Freddie the go-ahead to finance it all by buying loans from banks, then repackaging and securitizing them for resale on the open market.

    That’s how the contagion began.

    With those changes, the subprime market took off. From a mere $35 billion in loans in 1994, it soared to $1 trillion by 2008.

    Wall Street eagerly sold the new mortgage-backed securities. Not only were they pooled investments, mixing good and bad, but they were backed with the implicit guarantee of government.

    Fannie Mae and Freddie Mac grew to become monsters, accounting for nearly half of all U.S. mortgage loans. At the time of their bailouts this month, they held $5.4 trillion in loans on their books. About $1.4 trillion of those were subprime.

    As they grew, Fannie and Freddie grew heavily involved in “community development,” giving money to local housing rights groups and “empowering” the groups, such as ACORN, for whom Barack Obama once worked in Chicago.

    Warning signals were everywhere. Yet at every turn, Democrats in Congress halted attempts to stop the madness. It happened in 1992, again in 2000, in 2003 and in 2005. It may happen this year, too.

    Since 1989, Fannie and Freddie have spent an estimated $140 million on lobbying Washington. They contributed millions to politicians, mostly Democrats, including Senator Chris Dodd (No. 1 recipient) and Barack Obama (No. 3 recipient, despite only three years in office).

    The Clinton White House used Fannie and Freddie as a patronage job bank. Former executives and board members read like a who’s who of the Clinton-era Democratic Party, including Franklin Raines, Jamie Gorelick, Jim Johnson and current Rep. Rahm Emanuel.

    Collectively, they and others made well more than $100 million from Fannie and Freddie, whose books were cooked Enron-style during the late 1990s and early 2000s to ensure executives got their massive bonuses.

    They got the bonuses. You get the bill.

    “To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it.” –Thomas Jefferson

  9. 9 WT Mar 25th, 2009 at 1:08 pm

    Think of the knowledge that would lost in every profession if all senior employees were lost. Who would train the “new guys”?

  10. 10 J Mar 25th, 2009 at 1:42 pm

    Sam- dunno if you wrote all that- I’ve seen portions of that elsewhere- but good for you to point out facts; Sadly, facts don’t mean much to the Democrats in charge….

    Biggest problem with the concept of giving $1M to those over 50 is that it’s merely a cashout, whereas ALL of the current plans are loans or investments- capital WILL be returned directly, WITH INTEREST, whereas reparations such as “Let’s give welfare to old people” will not.;

    Doesn’t matter that the old folks will go out and spend the money- unless they are ACTIVELY creating something with it- i.e. capital investment- it’s just burning money, which will cause the currency to collapse.

    People think they’re the first to come up with this “novel” idea; Sad they don’t first read a history book or three……..

  11. 11 choppertom Mar 25th, 2009 at 2:13 pm

    here’s an idea……pull welfare. make lazy americans go to work! this idea could possibly solve many problems across the board.

    lower income workers would bump the payscale for middle class. ie, instant pay raise.

    drug & violent crimes dwindle because they now have to work.
    borders would be safer. we wouldn’t need migrant workforce.
    taxpayer monies spent on welfare could then be used for schools, cities & roadways,
    causing an instant rush in economical growth…..

  12. 12 Lee Wimmer Mar 25th, 2009 at 3:21 pm

    One of the things that made this country great was manufacturing. A great country that offers oppertunity to millions to start and operate small buisnesses. But what does our government now do…… tax us to death,hell we pay more freaking taxes that the revolutionary war was fought over. Several years ago the government actually did something good by offering compainies investment tax credit. This was a great stimulus for people like me to purchase very expensive CNC machines. That alone made our company grow and hire more people and in turn produce more revenue overall to the feds. Small buisness is the backbone of the country and yet we are killed worse and worse every year. It has to stop! Let’s face it the government does NOT produce revenue, Industry does. Just my opinion.

  13. 13 Mike Mar 25th, 2009 at 4:43 pm


    My statements are pretty sharp, but I also own a manufacturing company and contribute millions to the economy, so perhaps my perspective is a bit elevated from yours.

    As I stated, thinking that paying 40 million people $1mm each, conditional on them spending it, and thinking it is somehow going to solve our problems is idiotic. It’s even more idiotic when that $1mm is paid conditionally on a large chunk of it being spent right away.

    What is dumb is when folks’ with little understanding of economics think that the problem is only that people aren’t buying enough houses or cars.

    The world has changed. We can’t just go back to how it was, because “how it was” was artifically propped up by things like bad debt and insolvent mortage companies and deadbeats taking huge loans they couldn’t afford based on expected appreciation that was pie in the sky.

    Also, your last sentence about the difference between paying someone not to work and paying someone who isn’t working but should be… you should reword it, because it makes no sense as you wrote it, and it’s irrelevant to my post anyway. There is no difference between paying person A not to work, and paying person B not to work. This process has been tried in the unions, and it failed miserably.

    Come to think about it, the very notion that we could somehow *give* 40 million people a million dollars of our collective money (that would need paid back, with interest) is somehow going to solve our economic problems is what is dumb.

    But thanks for trying.

  14. 14 Mike Mar 25th, 2009 at 4:53 pm

    ChopperTom and J and Lee

    Thanks for those posts…. when I read stuff like that, I start to have faith that maybe we will actually pull through this thing 🙂


    I heard our treasurer of my state on the radio the other day talking about new taxes that would “generate revenue”.

    Excuse me?

    The government doesn’t *generate* anything other than inefficiency. If we are to come out of this crisis, it will be based on the hard work and on the ingenuity of businessmen like you. Guys who go out and buy machines and do work and *produce* something and *create* wealth.

    To call these guys “rich” and say they aren’t paying their fair share is ludicrous and will do more to harm this economy than anything else. If I pay myself $300k a year, and the feds want me to kick in another $20k a year to the feds coffers, and if they are going to force that upon me… well… I am the most important employee at my company. So I’ll take my salary, and if we come up short, I’ll either stop raises, or I’ll lay someone off. Because I can choose how I spend my money.

    So going after the rich is going to put the hurt on a lot of middle class folks who find themselves out of a job. The way to get business going is to give them incentives, not penalties. How about $10,000 to each registered business in the USA for every $100,000 in sales? That would be nice… it would immediatly spawn grown, hiring, production. Things that will help us.

  15. 15 Jeff Nicklus Mar 25th, 2009 at 4:58 pm


    I couldn’t have said it better myself.

    One more item ….. lets push for a Flat Income Tax …… or a National Sales Tax …..

    Over & Out,


  16. 16 burnout Mar 25th, 2009 at 9:36 pm

    self employment tax, privilege tax, power usage tax, fuel taxes, and when I see the taxes on my telephone bills I lose my eyesight for a while…………….. YET, daily I hear of more, more, more taxes that fed, state,county and city leaders want us to pay!!!!!! I am just too stubborn to give up! One day, just one, I want to be a WalMart greeter!! I, a poor-ass, agree w Mike and, Jeff, we DO need to push for Flat tax and/or Nat sales tax but the Fed and States can’t even get together on environmental issues! peace. hope to see you in Laughlin

  17. 17 Dave Blevins Mar 25th, 2009 at 10:50 pm

    How about these ideas…
    1. All TAXPAYERS, not just any citizen buy tax paying citizens, get a 10 thousand dollar tax refund valid only when used toward purchase of a new American made vehicle.
    2. All homeowners in good financial standing pay no property tax for 3 years, as a reward for NOT being an irresponsible idiot.
    3. Citizens buying thier first home pay no property taxes for 5 years, (the 5 year no-pay period begins after living in the home for at least 3 years and is non-transferable).
    4. Able bodied people receiving goverment assistance are mandated to work for the state such as: neighborhood beautification, litter removal, washing municipal vehicles, etc.
    5. Persons living in government housing 3 years or more and have 2 children or more, must be sterilized in order to continue receiving benifits.
    I could go on for hours…

  18. 18 Erich Priester Mar 26th, 2009 at 12:33 am

    Everyone goes back a grade. Here’s some simple math for ya’ll: 40 million times 1 million equals 40 trillion. Oops. So much for the great idea…

  19. 19 rodent Mar 26th, 2009 at 7:26 am

    Cyril, stick to building bikes…your a better bike builder than economist

  20. 20 Cyril Huze Mar 26th, 2009 at 7:31 am

    Rodent. As stated in my post, it’s NOT my idea. The headline has a question mark.

  21. 21 Black Shadow Mar 26th, 2009 at 7:32 am

    40 trillion, I thought so to at first but you brought over one to many zeros. 4 trillion is right (I think)and it is still way too much to spend. I think this would fix itself if they would have just let the system work. It would be painful for many now, but not as painful as trying to pay it all back!

  22. 22 Reality Check Mar 26th, 2009 at 8:05 am

    One thing an American doesn’t want to hear? is “No you can’t have that loan for something you can’t afford” that is the problem with our country. Always want more than we deserve. got to have more than the person next to me… Fix that mental problem and you fix allot to do with the money problems of the world. What problems would we have if we had a country where we all gave more then we take. your upper crust, do you need four homes, 15 cars, leer jets, and diamond rings? when the upper crust steps up along with all government and take some blame for where we are maybe I’ll trust Americans again. till then I’ll be the cynical one in the corner watching this once great country go right in the toilet. if you haven’t figured it out, America is crashing.

  23. 23 Mike Greenwald Mar 26th, 2009 at 8:07 am

    Of course it is 40 trillion. Seeing as how you 40 trillion people could figure that one out, you know that our little excursion to Iraq cost more than the 40 billion that we were told back then, The idea was floated and so were the zeroes. So what? What are you doing to make your economic outlook better?

  24. 24 Sam Mar 26th, 2009 at 8:26 am

    New and expanded refundable tax credits of Obama would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president’s budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government. I firmly believe that the Americans who pay no taxes to the federal government should have to start paying something so they become invested in what is going on with their government and its wasteful spending. How can you care if the government wastes trillions of dollars if none of that money is yours?

  25. 25 Icy Mar 26th, 2009 at 8:27 am

    Income Tax ????? Would it be OK if I stopped paying my taxes until Barack Obama names me to be his secretary of the Treasury?

    That is a deal I would like to get. That is the deal financial wizard Timothy Geithner got.

    Should our examples to follow on taxs be Tim Geihner or maybe Nancy Killefer, or even Daschle ?

  26. 26 Mike Kiwi Tomas, Kiwi Indian M/C Co Mar 26th, 2009 at 8:41 am

    In order to become an American I decided to put myself thu the local adult school so as to learn more about America. I love the part about the Boston Tea party and Englands extortion of high taxes. Today we give more and more taxes to our own government whether it be the Feds or states (especially Calif). Let’s have a national and state Tea Party.
    America used to mfr a lot more goods but we have what I call a race to the bottom where a lot of consumers including many bike owners who don’t want to pay for quality, it’s all based around price. I can’t believe how many owners want to upgrade the wheels on their bikes that want cheap. We’ve done damage repairs on guys who have been down because of cheap wheels, Chinese bearings, broken spokes, etc. Very few understand what it takes to produce a quality product and engineer it properly let alone someone wanting to pay for it. I believe in America and I will continue to make quality parts and bikes here in America. That’s what built this country, not middle maning cheap stuff made overseas and lining ones pockets. Build for the long haul and build a better America.

  27. 27 Mark Shubin Mar 26th, 2009 at 9:00 am

    I believe my step father has had it right all of these years.
    1) a. Roll with the punches
    b. Learn to work around the road blocks our Government puts in front of you!
    (The polite version of “Don”t let the Bastards get you down!)
    c. Pay your taxes on time!!! And pay what you owe!!!

    2) “Two Rules in Life”
    a. Don’t sweat the small stuff.
    c. It’s all small stuff.

    My step-father has a great attitude about life. He learned a lot quickly and at a young age. Part of that was joining the Marines so he could pay for his fathers funeral. Then as luck would have it, he got to visit the seaside town of Inchon Korea, then he spent time with Chesty Puller and the rest of the 1st Marines (As well as many others) meeting the Chinese during the Chozin Reservoir get together.

    Maybe “live with-in your means” fit’s in there as well.

  28. 28 SCMG N-P-K Mar 26th, 2009 at 9:18 am

    Tax pot dispensaries. Oakland California and other towns in the LA area are paying big state and federal taxes. Other states and counties are following California’s lead.

    Now, lets get back to motorcycles… my “medicine” is burning a hole in my tablecloth…..

  29. 29 Grayhawk Mar 26th, 2009 at 9:40 am

    40 million baby boomers are not the problem nor the solution but each/all of us are part of the solution.

    1. Agree math does not work so basis of comments is not an option but problem is still there.

    2. No individual, business, nor nation or goverment has ever spent its way out of debt and never will.

    3. Not just an American issue or solution but worldwide problem.

    4. Our Fed, Treasury, and Goverment has been throwing shit against the wall trying to see if anything sticks and/or buying time to figure it out as there are no quick solutions all the while trying to appease all the world, the international financial world that is, as the financial issues that caused this are internationally entwined. Which is one of the main reasons our Fed, Treasury, and Goverment has been so vague in identifying what bailout money has gone/will go where. So if any of us think that they are working on making Joe public whole you might consider rethinking it. They have to stop the bleeding and that in my opinion is not by printing money we do not have. Some business’s just need to go into reorganization and let the chips fall from there. There is just not enough monopoly money.

    5. I personally have had a better life than my parents and do not intend to shaft my kids/grandkids, each of us from an individual standpoint can be part of the solution, whether it be individual, business, goverment or nation. All have to real in spending that you can not afford. Barter where you can. Make good thought out decisions and have a plan for your future and your kids in place with options to where you are at and where you want to go and be able to adjust without going under, in other words stay within your means what you personally can control as that is all we can do.

    6.Goverment monetary support/business loans for small business development should be first and foremost, tax relief for business’s same and individual tax relief next. I personally agree with flat tax. Entitlements/Entitlers should be forever banished, Be self sufficent.

    7. Take back the goverment from special interest self serving so called representatives, Electing those who really will represent.

    8. I am not a protectionist but do believe we should take care of America/Americans first and then and only then help and support other countries where and if possible. Noting this viewpoint comes from the realization America is for the most part the worlds biggest economy and as such if it is not fixed first the others can not resolve their predicaments on there own. Be cognizant of their issues just do not them lose sight of what needs to be fixed first. We as individuals and as a nation have always supported others in need and always will it’s in our blood.

    9. Support those business’s that make your community viable as well as the motorcycle business’s that provide you with products and service to keep your bikes rolling. I am retired so that is from an enthusists standpoint and not just a commercial plug.

    Regards Grayhawk

  30. 30 docsobeck Mar 26th, 2009 at 1:42 pm

    hey geniuses, the guy who wrote this suggestion is amazingly stupid. it would cost 40 million dollars to give 40 million workers ONE DOLLAR EACH. it would cost 40 TRILLION dollars to give 40 million workers one million dollars each. that’s almost exactly the TOTAL amount of money the federal government has spent COMBINED since 1988. maybe part of the reason we’re in such a mess is because the vast majority of our population has the math skills of a typical first grader in japan.

  31. 31 Boss Hawg Mar 28th, 2009 at 4:56 pm

    My Friends, it is pretty simple: The late Dr. Adrian Rogers (1931 to 2005) said:

    “You cannot legislate the poor into freedom by legislating the wealthy
    out of freedom. What one person receives without working for, another
    person must work for without receiving. The government cannot give to
    anybody anything that the government does not first take from somebody
    else. When half of the people get the idea that they do not have to work
    because the other half is going to take care of them, and when the other
    half gets the idea that it does no good to work because somebody else is
    going to get what they work for, that my dear friend, is about the end
    of any nation. You cannot multiply wealth by dividing it.”

    Think about it!

    Boss Hawg

  32. 32 fred Mar 31st, 2009 at 4:06 pm

    “You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people’s initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves.”

    Abraham Lincoln

    … and Mr. Obama, you are NO Abe Lincoln

  33. 33 Curt! Apr 1st, 2009 at 1:12 pm

    Gee, no work, no pay…… That would put half the boards of directors out on their asses for getting 40k per meeting to run companies that make no profit. Reading through this discussion prove why this recession will just have to run it’s course. There is no agreement on the problem, much less any solution. Some of the stuff is so lame that it leads some to believe that it was drug induced analysis. We live in a time that rewards greed and failure with safety nets. No pain for such activity breeds incentive to do it again down the line. The fact that many of the people that facilitated this crash took huge windfalls, pocketed them, then came to the government well to bail them out when the pyramid scheme crashed.
    I’m a big fan of the flat tax. I hate paying taxes when I receive money, when I spend money, and when I simply own something that has value. Every dollar that circulates gets taxed 3 times.
    Just my .02

  34. 34 Millerlife Oct 10th, 2009 at 4:11 am

    I Might have a fix for the economy.
    (Please excuse grammar and structure)
    I believe are current economy is doomed to fail over and over always increasing are national debt (witch is are debt as well)
    This new form is called trade economy.
    it comes in so far, Three parts;
    The First Being the economy works in the principles of an equation, so far I have (resource + labor + profit margin) – product value decline= trade dollars

    ok here’s how this equation works, first;
    A raw material is harvested (resource) from the planet this includes everything from mud to gold. then a team of people set a value to that material based upon supply and how much can be safely (cannot destroy environment) produced in a year.
    Labor is how much someone is paid for doing there given task. I prefer to set this on a scale value. it ranges from mechanical (robot does the labor) to rocket science
    here’s a quick example of this pay scale and a very basic equation:
    mechanical labor: electricity use of robot + maintenance = labor value
    level 1: no education, very low skill, (jobs for kids) 7$hr
    level 2: some education, low skill, 10$hr
    level 3: high school grad, med skill 15$hr
    level 4: 2 yr collage 20$hr
    level 5: 4 yr collage 25$hr
    level 6: 6 yrs 30$hr
    level 7: 8 yr 35hr
    just an example not even close to a real equation. Any one got any ideas on this

    product value decline. is the declining of an object thought time( things do not last forever) so the product made has a value set to decline a percentage of the average life span of that object till it reaches zero ( which is at the average end of that product)
    a wood char’s average life span is about 50 yrs. when it first sold it was worth 100 dollars 25 years later its work 50 bucks. 49 yrs later its worth is 1 dollar.
    Profit: is based apon how fast and how much that company need to spen and expand

    Second: a trade dollar, Is a new form of how to trade is. instead of the value of a dollar being based upon nothing but, how much a guy says its worth. Now it’s a unbreakable equation.
    The trade dollar will be produced by the government or any party trustworthy and capable enough to handle this responsibility> here’s how its circulating is done. first product sold> all products added to one> the government gives the value directly to the business once a sale is final. for example
    You own a shoe store. you build shoes there. first you buy your material you spend 100 bucks every 20 pounds of leather and 10 bucks for a spool of yarn 5 bucks for a pound of cotton so on and yeah.
    with all your material your shoe is worth 35 bucks (finished product) now You have a laborer. he’s a level 3 laborer, he’s paid 15 dollars an hour he makes a pair of shoes in that amount of time so your total for the shoe worth is so far 41,
    now you add in your profit witch is 3 bucks witch I think is 87 ok but once someone buys your shoe the sale is final and added to your books. once ever so many months you will report your sales to this agency then, they put how much you sold in your business banking account so you can pay your workers and so on
    so lets say you sold 300 shoes they total 15000$ so the government puts into your account 15000 bucks but here’s when the product value decline comes into play. your shoes last 10 years so after ten years all the money you made is now gone well from that set of sales so if you stop selling your biz is done for.

    a sale is final only when a other persons cards(money) pass code is on your sales sheets
    sales client product value value decline customer
    1 23213432 21 4% 234403892
    2 23213433 25 3% 383982792
    to stop theft
    sorry if that’s confusing I’m still working on it. many many migraines. lol just want to get this out there I will be posting better edited comments later. hopefully
    if you wish to mail your improved version pls do so my email is
    if anyone would like to add and help me solve this pls do so. and if u solve this tell people there’s a better way

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