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Bottle Fish

How would you fix the economy?

64 posts in this topic

This is from an article in the St. Petersburg Times Newspaper that asked readers for ideas on "How Would

You Fix the Economy?"

Dear Mr. President,

Please find 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) They MUST either buy a house or pay off their mortgage - Housing

Crisis fixed.

It can't get any easier than that!

P.S. If more money is needed, have all members in Congress and their

constituents pay their taxes...

If you think this would work, please forward to everyone you know. If

not, please disregard.

"The problem with Socialism is that you eventually run out of other people's money."

Margaret Thatcher

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This was an email I received today and personally I thought the same thing.

That it is a great idea if you want to be in further debt.

I don't think there is a simple solution for the situation we are all currently in. But seeing as how this forum has so many opinions on so many subjects I thought I would ask.

What is your solution?

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I don't think their is one simple solution to get our economy going strong.

...

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) They MUST either buy a house or pay off their mortgage - Housing

Crisis fixed.

...

Or to translate

1) Too many people for the jobs we have here in the U.S. of A.

2) The auto industry built too many cars.

3) The housing market needs to be artificially inflated again to stay where it is at.

My solution(s)?

1) Get rid of child credits, welfare payment for children, or any other thing our government does to encourage citizens to have children. Our country doesn't need to grow anymore. Let's start TAXING folks for having more than two children.

2) Stop building totally new cars. Revert back to the "old" days where a part from one vehicle would fit several different cars from several different years. Auto industries would take a hit, average Americans would gain.

3) Let the house market readjust on it's own.

After a few years of growing shrinking pains their would be the same amount of money for fewer people resulting in more money in the pockets. The people won't be spending their money on "throw-away" items resulting in more money to spend in different markets. After the housing market readjusts people should be making lower house payments on their lowered valued home resulting in more money to spend.

There's my solution. It isn't painless, and might not even work, just my 2 cents.

What is your solution?

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"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"

I have a hunch the guy that came up with this plan is over 50.

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Scale back defense spending. We spend way too much when you compare the US to any other country in the world.

Link

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quit giving away free health over 70 is a exception,free taxes,and so on!!!!

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I believe we can't scale back on defense, I'd rather pay more on taxes and have a great military. How about cut NASA's budget in half? It seems like a lot of wasted money to me. Then I'd legalize weed, and tax the hell out of it and regulate it. That would take care of some problems.

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How to fix the economy? Leave it alone.

The economy is cyclical and it will return once again just like it always does. All this long term borrowing from China will hurt us more than if it was left to recover on it's own.....which it probably would have much sooner without the latest government intervention which is just prolonging the misery. If you don't agree with that then you don't believe in capitalism which is what this country was founded on. You can't save everyone, period. Human beings, the country, and the world are based on the principle that the strongest will survive and that's how it should continue. Unfortunately, for some reason, this current government believes otherwise.

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I agree with limit. We have stuck a couple of trillion (that we had to borrow)to bail out these companies and they continue to fail. The new budget is over 3 trillion (that we have to borrow). Quit just printing money and lowering the value of the dollar.

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Quote:
The economy is cyclical and it will return once again just like it always does. All this long term borrowing to China will hurt us more than if it was left alone to recover on it's own.....which it probably would have much sooner without the latest government intervention which is just prolonging the misery. If you don't agree with that then you don't believe in capitalism which is what this country was founded on.

Glad you weren't in charge during the Real Depression.

Most economists (& yes, I realize that's about as solid as starting a sentence with "most meteorologists") agree that deficit spending is OK in a time of economic peril. So the belief stated above is in a distinct minority of those who know something about the issue. And way to tar everyone "un-capitalist" who doesn't snappily agree your silly little statement. I thought we'd left that era behind in mid-Jan 2009.

On the other hand, the debt is a horrific concern & I'm never going to understand why people aren't more worried about China owning so much of our debt, & the rising burden of debt on this country. I'm more concerned about the wild surge in spending over the past nine months than this (hopefully) temporary blip in economic conditions (said by someone who still has his job...).

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Most economists agree that deficit spending is OK in a time of economic peril. So the belief stated above is in a distinct minority of those who know something about the issue.

Please illustrate where you find that "most" economists feel this way?

If you're referring to Keynesian economics, well, that borders on fascism and the direction this country is obviously heading with the government in control of private business.

Reminds me of an old saying: "We're the government and we're here to help."

No thanks.

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See other post "New REcord" there is part of your economic problems in america. To much Social Services!

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I wouldnt do anything for the economy. The best thing you can do for the conomy is get peoples mind off of it. I would use this time to try some new things. I would change our educational system. Right now we educate kids until 18 and then spring the trap. 18 yr old kids dont know jack. I would mandate 2 more years further education. The first 2 years of college would be funded by the state. 1 year compulsory service to the country. So kids arent done with requirements until age 21. Service to the country could be Peace Corps, military, police, DNR something that does something for someone else, maybe learn theres a big world out there. We give kids the same amt of education we gave to kids 60 yrs ago that just doesnt seem right.

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Originally Posted By: Maximum12

Most economists agree that deficit spending is OK in a time of economic peril. So the belief stated above is in a distinct minority of those who know something about the issue.

Please illustrate where you find that "most" economists feel this way?

If you're referring to Keynesian economics, well, that borders on fascism and the direction this country is obviously heading with the government in control of private business.

Reminds me of an old saying: "We're the government and we're here to help."

No thanks.

Your fellow citizens have no idea what's coming their way as they cannot put down the remote and read instead of getting absorbed into the latest episode of "Dancing with the Stars."

BHO is repeating everything that GWB did with a little extra sauce. BHO, McCain, GWB, Dem, Rep. Same bad policies in different wrapping.

I take little joy in my prediction several months ago that he also would be GWB's third term. I wonder were that little snake went who told me i was smoking pot when i made that statement?

I read an article in a financial page that we are printing money to pay for all this new spending that rivals the rate of the Weimar republic. If that is true, then get yourself a wheelbarrow for your trips to the grocery store.

I guess the only " plus" is we will all suffer together. unless you're connected to the elite political class

It's going to take some super leader in the future to clean up this mess and I don't see anyone waiting in the wings at this point.

I see now that tiny Tim Geithner tried to tell China that the US dollar was safe and they laughed at him. laugh

He, at this point, is fighting with GWB and Carter for the title of "worse president ever."

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Couldn't agree with you more on all points TJ.

All I can say is thank God my youngest brother is a financial advisor... that's all I'm going to say

that and I am glad my wife and i are better savers than spenders

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Quote:
Your fellow citizens have no idea what's coming their way as they cannot put down the remote and read instead of getting absorbed into the latest episode of "Dancing with the Stars."

BHO is repeating everything that GWB did with a little extra sauce. BHO, McCain, GWB, Dem, Rep. Same bad policies in different wrapping.

Ha! The first point is absolutely true. It makes me shudder to think that some of the people I work/associate with are voting. I guess that makes us both elitists. wink

Your second point is beyond silly. I know you're very fond of your prediction, but it's completely untrue in any meaningful way. Obama's spending is far more out of control (which is hard to believe given the way GWB spent) & he's working to change almost everything else, with a few minor exceptions.

To keep this vaguely on topic, it's amusing that some folks here think they know how to "fix" the economy. I'm perfectly happy to admit this is one thing I have no opinion on, because I'm not remotely qualified to answer the question. I'll let the "experts" sort that one out.

Heck, the "experts" can't even agree on what caused/ended the Depression, how can we expect them to be coherent about the current situation?

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I could fix more than the economy....given the opportunity to be Emporer for a month.

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Quote:
I could fix more than the economy....given the opportunity to be Emporer for a month.

Haha - how true... I'm sure the view would be quite different looking down from the top through the "Emperor's" eyes... grin

I doubt if much will really change - the Fed will pump up the money supply again so we can all run out and buy stuff with our new credit cards and invest our hard-earned money in taxes and the "newly valued" stock market.

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I was sent this also. Do the math it is 40 trillion! The entire GDP of the world is something like 65 trillion. So lets give 40 million people 70% of world GDP. that will surly solve the problem.

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Tax churches. If they can afford to give preachers Porsches and oceanfront mansions like Mac Hammond and others, they should be contributing just like everyone else. Everything cheritable thing they do should stay tax free.

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Tax churches. If they can afford to give preachers Porsches and oceanfront mansions like Mac Hammond and others, they should be contributing just like everyone else. Everything cheritable thing they do should stay tax free.
You forgot about the airplanes too.

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