This is what Congress should have done which would have saved the Economy and American taxpayers a lot of money!
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 thought this was the BEST idea. I think this guy nailed it!
Subject: Patriotic Retirement
Dear Mr. President,
There’s about 40 million people over 50 in the work force; pay them $1
million apiece severance with these 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 or pay off their mortgage.
Housing Crisis fixed.
All of the Nations financial problems solved!
I don’t know if this is real but it makes sense to me.
You realize that’s 40 trillion dollars? Somewhat higher than the current bail out price tag so far.
This appeared in the St. Petersburg Times on April 12:
Editor’s note: In February we published reader suggestions — serious and otherwise — for how to fix the economic crisis. This was one of them (not “the winner” as some message boards have suggested):
“There are about 40 million people over 50 in the work force … pay them $1 million apiece severance with stipulations. They leave their jobs. Forty million job openings — unemployment fixed. They buy new American cars. Forty million cars ordered — auto industry fixed. They either buy a house or pay off their mortgage — housing crisis fixed.”
We didn’t print that it would cost $4 trillion, or less than the bailout. But readers are right that this would cost $40 trillion — nearly three times the national gross domestic product and nearly four times the national debt. So, a fun idea? Sure, just like making pro athletes foot the bailout bill, investing in a national bullet train system or legalizing marijuana — all ideas our readers suggested. An effective one? Not at all. Of course, world leaders’ ideas haven’t been terribly effective yet, either.
It’s not too late to share your ideas at http://www.tampabay.com/news/business/article973953.ece.