A Better Bailout Plan

Stimulate This!

Here is an article said to be from the St. Petersburg Times Newspaper on Sunday (I presume March 29). The Business Section asked readers for ideas on “How Would You Fix the Economy?” This response seems to hit the bull’s eye.


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.

what a great idea and I would add to this…..if you do this you can have my social security backanother problem solved.  [Item from the Rumor Mill News]

Of course, from the standpoint of the oligarchs, that plan benefits the “wrong” people and solves the “wrong” problems. – t.h.g.

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3 responses to “A Better Bailout Plan

  1. Neil Gillespie

    Hey there,

    40 million times $1,000,000 = 40 x 1,000,000 x 1,000,000 = 40×10 to the power 12 = $40 trillion, a whole lotta money!!!

    Explanation

    1 billion = one thousand million =1 x 10 to the power 9

    1 trillion = a thousand billion = 1 x 10 to the power 12

    • Right you are. But it might ultimately cost that much to keep the debt-money system alive.
      In any case, the idea is on the right track. So make it $150,000 per head, that’s only 6 trillion.

  2. You not only do not realize how much $40 trillion is you have no concept of how much $6 trillion is. It’s about 43% of the entire gross domestic product of the United States and about twice the national budget, which goes mostly for the military and entitlements.

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