How To Fix The Employment/Auto/Housing Crisis

RGD. · 04-02-2009, 03:18 PM

. . . In one easy step. Haven't verified if this a true article - but doesn't matter - it's still a great idea.

This was an article from the St. Petersburg Times Newspaper on Sunday. The
Business Section asked readers for ideas on "How Would You Fix the Economy?"

I think this guy nailed it!

Dear Mr. President,

Patriotic retirement:
There's about 40 million people over 50 in the work force -pay them
$1 million apiece severance with the following stipulations:

1) They leave their jobs. Forty million job openings - Unemployment
fixed..

2) They buy NEW American cars. Forty million cars ordered - Auto
Industry fixed.

3) They either buy a house/pay off their mortgage - Housing Crisis
fixed.

Can't get any easier than that!

Personally, since I'm in the over 50 crowd - I'd say make it 2 million - still cheaper than bailing out the auto industry.

Ron

icantbejon · 04-02-2009, 03:22 PM

That's an interesting suggestion actually. Obviously, it wouldn't work for so many reasons, but a great thought none the less.

TripleF · 04-02-2009, 03:28 PM

Quote:

Originally Posted by RGD.

. . . In one easy step. Haven't verified if this a true article - but doesn't matter - it's still a great idea.

This was an article from the St. Petersburg Times Newspaper on Sunday. The
Business Section asked readers for ideas on "How Would You Fix the Economy?"

I think this guy nailed it!

Dear Mr. President,

Patriotic retirement:
There's about 40 million people over 50 in the work force -pay them
$1 million apiece severance with the following stipulations:

1) They leave their jobs. Forty million job openings - Unemployment
fixed..

2) They buy NEW American cars. Forty million cars ordered - Auto
Industry fixed.

3) They either buy a house/pay off their mortgage - Housing Crisis
fixed.

Can't get any easier than that!

Personally, since I'm in the over 50 crowd - I'd say make it 2 million - still cheaper than bailing out the auto industry.

Ron

Bingo. Give this man his due millions!!

14holestogie · 04-02-2009, 03:31 PM

I, too am in. Where do I go to collect?

BlackDog · 04-02-2009, 03:32 PM

Wow, that's a big number. My calculator doesn't have that many zeros.

GTCanuk · 04-02-2009, 04:31 PM

It would be better for the under 50 to get the money and the older than 50 to work because it the older people that caused the problems in the beginning

WildBlueSooner · 04-02-2009, 04:36 PM

If that happened so many old people would mysteriously die!

Footbag · 04-02-2009, 04:50 PM

$40,000,000,000,000 is a bit more then the proposed stimulus, but I'm surprised there wasn't some sort of populist solution like this. If they gave everyone with a mortgage $10,000, to pay on it, it would have an immediate effect.
Unfortunately, these days, the banks are so big that the control the attention and the money in times of crisis.

Whee · 04-02-2009, 04:52 PM

Had a client the other day saying the same sort of thing. If the Gov't would give each taxpayer $75k, the economy would begin to improve and it would cost the Gov't about half of what it is spending now.

But that would make sense, and governments rarely make sense.

themoneycollector · 04-02-2009, 05:30 PM

I'm not fond of the bailouts, but I'll pray that we don't spend $40 trillion. Otherwise, what's it take to get a Chinese Visa?

SeanGAR · 04-02-2009, 05:38 PM

Just give everybody who pays taxes 20 grand that they promise to spend.

I'll spend mine.

04-02-2009, 05:41 PM

Quote:

Originally Posted by SeanGAR

Just give everybody who pays taxes 20 grand that they promise to spend.

I'll spend mine.

I could pay off all my debts, buy a car and put a down payment for a house with that.

Sr Mike · 04-02-2009, 05:49 PM

"A government big enough to give you everything you want, is strong enough to take everything you have." -Thomas Jefferson

JaKaacH · 04-02-2009, 05:49 PM

Quote:

Originally Posted by MithShrike

I could pay off all my debts, buy a car and put a down payment for a house with that.

Now how would that stimulate the economy??

PeteSB75 · 04-02-2009, 05:56 PM

Quote:

Originally Posted by Sr Mike

"A government big enough to give you everything you want, is strong enough to take everything you have." -Thomas Jefferson

Honestly, does anyone really think that more regulation and more government is going to get us out of this mess? Count me in with the group over here holding the Ayn Rand signs and standing in line to buy tickets to Atlas Shrugged.

04-02-2009, 07:00 PM

Quote:

Originally Posted by RGD.

...Personally, since I'm in the over 50 crowd - I'd say make it 2 million...

I had to get my calculator out....using that Math, it would be cheaper to keep AL at his job than to pay the $40,000,000,000 to retire him at his current age....

AAlmeter · 04-02-2009, 07:04 PM

Quote:

Originally Posted by SeanGAR

Just give everybody who pays taxes 20 grand that they promise to spend.

I'll spend mine.

Could we even have a graduated system? The rich should always be in a higher percentage bracket...its only fair!

BigAl_SC · 04-02-2009, 07:45 PM

My wife and I were discussing it the other day. We are about 100k in debt including the house. I told her that according to the experts we should go out and get 50k in credit card debt and buy a 50k car on credit.

Then we could say we doubled our debt so therefore our financial problems are over. We stimulated them out of existence.

Does that math add up?

SeanGAR · 04-02-2009, 07:58 PM

Quote:

Originally Posted by AAlmeter

Could we even have a graduated system? The rich should always be in a higher percentage bracket...its only fair!

OK OK already. I'll spend my $29.95 and let the rich spend theirs.

Starscream · 04-02-2009, 07:58 PM

Quote:

Originally Posted by Sr Mike

"A government big enough to give you everything you want, is strong enough to take everything you have." -Thomas Jefferson

Can he get an Amen?!?

04-02-2009, 03:18 PM	#1
RGD. God Like Status Join Date: Oct 2008 First Name: Ron Location: Alexandria, Virginia Posts: 971 Trading: (1)	How To Fix The Employment/Auto/Housing Crisis . . . In one easy step. Haven't verified if this a true article - but doesn't matter - it's still a great idea. This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on "How Would You Fix the Economy?" I think this guy nailed it! Dear Mr. President, Patriotic retirement: There's about 40 million people over 50 in the work force -pay them $1 million apiece severance with the following stipulations: 1) They leave their jobs. Forty million job openings - Unemployment fixed.. 2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed. 3) They either buy a house/pay off their mortgage - Housing Crisis fixed. Can't get any easier than that! Personally, since I'm in the over 50 crowd - I'd say make it 2 million - still cheaper than bailing out the auto industry. Ron

04-02-2009, 03:22 PM	#2
icantbejon Have My Own Room Join Date: Oct 2008 First Name: Jon Location: Chester, VA Posts: 1,219 Trading: (10)	Re: How To Fix The Employment/Auto/Housing Crisis That's an interesting suggestion actually. Obviously, it wouldn't work for so many reasons, but a great thought none the less. __________________ "Learn to pay attention. Life is hard.....it's even more challenging when you're stupid."

04-02-2009, 03:31 PM	#4
14holestogie Serial banter killer Join Date: Oct 2008 First Name: Tim Location: Clintonville, WI Posts: 4,341 Trading: (52)	Re: How To Fix The Employment/Auto/Housing Crisis I, too am in. Where do I go to collect? __________________ *I loves me a Parti*

04-02-2009, 03:32 PM	#5
BlackDog Gonna make you groove... Join Date: Oct 2008 First Name: Warren Location: Minneapolis, MN Posts: 2,468 Trading: (19)	Re: How To Fix The Employment/Auto/Housing Crisis Wow, that's a big number. My calculator doesn't have that many zeros. __________________ "We live in the good of this."

04-02-2009, 04:31 PM	#6
GTCanuk Still Watching My Back Join Date: Nov 2008 First Name: Paul (AKA Darrel) Location: Windsor. ON Posts: 248 Trading: (0)	Re: How To Fix The Employment/Auto/Housing Crisis It would be better for the under 50 to get the money and the older than 50 to work because it the older people that caused the problems in the beginning

04-02-2009, 04:36 PM	#7
WildBlueSooner I'm nuts for the place Join Date: Feb 2009 First Name: James Location: Lexington, KY Posts: 3,322 Trading: (19)	Re: How To Fix The Employment/Auto/Housing Crisis If that happened so many old people would mysteriously die! __________________ "To dilute the will to win is to destroy the purpose of the game. There is no substitute for victory"-- Douglas MacArthur

04-02-2009, 04:50 PM	#8
Footbag I Need My Space Join Date: Oct 2008 First Name: Adam Location: NEPA Posts: 1,216 Trading: (7)	Re: How To Fix The Employment/Auto/Housing Crisis $40,000,000,000,000 is a bit more then the proposed stimulus, but I'm surprised there wasn't some sort of populist solution like this. If they gave everyone with a mortgage $10,000, to pay on it, it would have an immediate effect. Unfortunately, these days, the banks are so big that the control the attention and the money in times of crisis.

04-02-2009, 04:52 PM	#9
Whee formerly illinoishoosier Join Date: Oct 2008 First Name: Sean Location: Bishopville, SC Posts: 3,591 Trading: (17)	Re: How To Fix The Employment/Auto/Housing Crisis Had a client the other day saying the same sort of thing. If the Gov't would give each taxpayer $75k, the economy would begin to improve and it would cost the Gov't about half of what it is spending now. But that would make sense, and governments rarely make sense. __________________ "Maybe I'm wrong, when they tell me they're right…..naaaaahhhhhh, I'm an asshooooooleeee"--Denis Leary

04-02-2009, 05:30 PM	#10
themoneycollector Nicotiana Tabacum Join Date: Oct 2008 Location: Hill AFB, UT Posts: 1,258 Trading: (108)	Re: How To Fix The Employment/Auto/Housing Crisis I'm not fond of the bailouts, but I'll pray that we don't spend $40 trillion. Otherwise, what's it take to get a Chinese Visa?

04-02-2009, 05:38 PM	#11
SeanGAR Crotchety Geezer Join Date: Oct 2008 Location: Radford VA Posts: 911 Trading: (3)	Re: How To Fix The Employment/Auto/Housing Crisis Just give everybody who pays taxes 20 grand that they promise to spend. I'll spend mine. __________________ How can you have any pudding if you don't eat your meat?

04-02-2009, 05:49 PM	#13
Sr Mike As Is Join Date: Oct 2008 Location: EBFE Posts: 657 Trading: (6)	Re: How To Fix The Employment/Auto/Housing Crisis "A government big enough to give you everything you want, is strong enough to take everything you have." -Thomas Jefferson

04-02-2009, 07:45 PM	#18
BigAl_SC The last mango in Paris Join Date: Oct 2008 First Name: Alan Location: Simpsonville, SC Posts: 213 Trading: (7)	Re: How To Fix The Employment/Auto/Housing Crisis My wife and I were discussing it the other day. We are about 100k in debt including the house. I told her that according to the experts we should go out and get 50k in credit card debt and buy a 50k car on credit. Then we could say we doubled our debt so therefore our financial problems are over. We stimulated them out of existence. Does that math add up? __________________ Coldblooded,calculation,unprincipled,usurper, without a virtue,knowing nothing of commerce,political economy,or civil government,and supplying ignorance by bold presumption. Thomas Jefferson