If you feel bombarded by all of the news on the latest stimulus package, the latest “help-the-homeowner” proposals, the latest proposed changes to the tax laws, the latest foreclosure bailout proposals, the latest $7500 tax credit (that’s really a loan) for first time home buyers and all of the latest static in the air to help big business, small business, mom and pop business and everybody else and his sister, you are at the right blog at the right point in time.
That was a really long sentence but I think what you are about to read will make wading through that paragraph long sentence worth it as it is a make sense unbombardment of our wallets. It is too bad the people we elect to serve our interests don’t listen to us. In my humble opinion, I believe it is you and I and the average Mary and Joe who have the workable solutions to the current mess.
This Guy Nailed It!
I take those words directly from the email my emailing buddy just sent me. Although he isn’t a real estate or stock market investor, he follows, in his words, this financial business pretty close. He says how far he can stretch his retirement check depends on him being as knowledgeable as possible. Hard to argue with him, right?
A disability forced him into retirement at far less than what he was making as a master (I think that’s top of the line in the welding field) welder. He had every certification known in his industry with the exception of underwater welding. He was asked for specifically by name for commercial welding jobs in his area and ran crews of welders all over the San Francisco Bay Area.
When you read his email, you’ll see why I talk about him. He is one of those people mentioned. He is also one of those people who would march right along with all the stipulations cited. In short, he would be one of the answers to the current mess.
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!
There’s about 40 million people over 50 in the work force; pay them $1 million apiece severance with 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.
4) They would probably use the rest to put in savings – Banking problem fixed
Much cheaper than the trillions being ineffectively spent on the financial industry.
Photo Credit: Capture Queen ™