American Ingenuity From A Small Guy


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.

THE Email
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!

Dear Mr.President,

Patriotic retirement:

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 ™

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  1. Hard to believe any idea could be more expensive than the ones our friends in Washington have had so far, but this is it. $40 million * 1 million is $40 trillion. This is three times the entire GDP of the United States.

    However, cost is no object to our friends in Washington! Their real issue would be with the lack of control. Simply handing out checks of that size would not provide much opportunity for speechmaking, bribery, incompetent micromanaging, etc.

  2. One was not provided in the email from my friend and I did not look for one. As I say in the post, I don’t care if the article was really written in the newspaper. I liked the idea so I wrote about it. I believe any bailout money should be given to the people who are in trouble and not to the B******* who caused the problem.

  3. Oops, Brendan is right. I too made an error with the math. However, in my defense, I will say the proposal still has more of the handout coming back to the Treasury than any other proposal I’ve seen coming out of Washington. And, every last dime of it is accountable vs the garbage programs Congress has already foisted on us. Aslo, over the long run I’d bet all of the 40 trillion would be back in the coffers. Don’t know that for sure but am willing to bet in that direction.

    I’m not sure having 40 trillion floating around isn’t a bad idea especially if it isn’t in the hands of the elite few as it is now. But, 40 trillion could still be a hard pill to swallow -:)

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