Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

March 2, 2009

My Solution To Save The Economy

I just want to start by saying I'm Canadian, but I'd like to see my plan implemented in both Canada and the USA.

The stock markets are hitting new 7 year lows. People are losing their jobs. All we hear about is bank and auto bailouts. It is ugly out there.

These heavy duty financial bailouts are pissing off the masses, who believe like me that it just isn't helping, that it is just like giving a crack addict more crack.

Reading that Frank Stronach just got his pay drastically cut from $70 million to a mere $10 million is just maddening. Maddening that he made $70 million in the first place, and that he still makes $10 million.

But he isn't the only one. Far from it. These corporate millionaires are a dime a dozen, and that is one of the biggest reasons why stocks are tanking. When an exec goes on private jets, buys a mansion and an Island, gets a huge salary with bonus, where do you think the money comes from? Inevitably it comes from a companies share value.

Ok, enough about what is. Now for my plan. It is pretty simple. Give every LEGAL adult resident $25,000. Just print the money up from the treasury. I know, I know, it is supposed to cause inflation or even hyperinflation (I took Economics 101 in university), but at this point, who cares? What are these bailouts going to cost us in the very near future? Nobody knows for sure, but I can tell you. It aint good.

The rest of the plan: The $25,000 is issued in form of a card that can only be spent on domestic goods and services. You just swipe the card to pay for the goods or services when you buy them.

It can't be spent on real estate or stocks though. Those will go up or down on their own. Leave them be, let them go where they are going to go.

Two more things. You only have a year to spend the $25,000 and there has to be a price freeze on all domestic goods and services while the spending spree is happening.

What will be the end result? Again, who knows? But I have a good feeling about this plan in my gut. And I doubt the result would be any worse than what we are seeing right now.

What does this post have to do with being an atheist Jew? Nothing. So let me add, screw Glenn Beck, and screw Anti-Apartheid week.