Dear Mr. President

Wow 6 genius = 0 new idea??? The solution is easy. Our Government needs to deal directly with the people. Cut out the stealing, lying no good middle men. Let all of these crooked companies go out of business.

1. The US Government is probably the only BANK I would trust because they can print $ money $.
2. The US Mortgage Company should have enough ballz to loan money to small American businesses and to people to refi homes and buy cars.
3. Lower the Loan Shark Credit Cards % to a maximum of 10%. These thieves have escaped the public eye but they are a big part of the problem.
4. The US Government needs to end wasting money abroad. No more $ money to foreign countries period!!! This isn???t the Imperial United States it???s the United States of America. $1 BILLION dollars to pay off Georgia for pickin a fight with Russia!!! And while you???re at it, get us out of NATIO. How many bases, in how many countries??? Sorry the gravy train needs to end.
5. Wake up, the economy runs 24 hours a day globally and instantly through the internet. We don???t need bigger highway, more libraries, school books (it???s called a laptop). We don???t need the US Postal Service, who needs junk mail when we???ve got spam.
6. Institute a 4 day work week to conserve gasoline, electricity and resources.
7. Require all businesses to allow people to work at home if the same task can be done at home.
8. Lower the Social Security age, give old people an incentive to retire early. Get them out of the work force and into spending their golden years spending.
9. Also like it or not the US population needs to increase. Social Security and taxes are nothing more than a pyramid scheme so one way or the other the population needs to double. It would also help in buying up all those empty foreclosed homes in the neighborhood.

Also:

1. In February start prosecuting all of these golden parachute embezzlers (Bush won???t be able to pardon them then).
2. End the Iraq Invasion; we won along time ago after we leveled their country. Lets end this $10 BILLION dollar a month cash COW is Cheney???s off-shore company Halliburton (Can anyone say war crimes, I know I would free a lot better knowing someone went to jail for robbing $1-3 TRILLION for this phony war).
3. Don???t spend another dollar of the $700 BILLION bailout to these banking and Wall Street crooks. I still can???t believe the Democrats fell for that one. Of course they did they are nothing but sheep.

Wow 6 genius = 0 new idea??? The solution is easy. Our Government needs to deal directly with the people. Cut out the stealing, lying no good middle men. Let all of these crooked companies go out of business.

1. The US Government is probably the only BANK I would trust because they can print $ money $.
2. The US Mortgage Company should have enough ballz to loan money to small American businesses and to people to refi homes and buy cars.
3. Lower the Loan Shark Credit Cards % to a maximum of 10%. These thieves have escaped the public eye but they are a big part of the problem.
4. The US Government needs to end wasting money abroad. No more $ money to foreign countries period!!! This isn???t the Imperial United States it???s the United States of America. $1 BILLION dollars to pay off Georgia for pickin a fight with Russia!!! And while you???re at it, get us out of NATIO. How many bases, in how many countries??? Sorry the gravy train needs to end.
5. Wake up, the economy runs 24 hours a day globally and instantly through the internet. We don???t need bigger highway, more libraries, school books (it???s called a laptop). We don???t need the US Postal Service, who needs junk mail when we???ve got spam.
6. Institute a 4 day work week to conserve gasoline, electricity and resources.
7. Require all businesses to allow people to work at home if the same task can be done at home.
8. Lower the Social Security age, give old people an incentive to retire early. Get them out of the work force and into spending their golden years spending.
9. Also like it or not the US population needs to increase. Social Security and taxes are nothing more than a pyramid scheme so one way or the other the population needs to double. It would also help in buying up all those empty foreclosed homes in the neighborhood.

Also:

1. In February start prosecuting all of these golden parachute embezzlers (Bush won???t be able to pardon them then).
2. End the Iraq Invasion; we won along time ago after we leveled their country. Lets end this $10 BILLION dollar a month cash COW is Cheney???s off-shore company Halliburton (Can anyone say war crimes, I know I would free a lot better knowing someone went to jail for robbing $1-3 TRILLION for this phony war).
3. Don???t spend another dollar of the $700 BILLION bailout to these banking and Wall Street crooks. I still can???t believe the Democrats fell for that one. Of course they did they are nothing but sheep.

Bluestem,
So, raise taxes and cut spending. That's how I'm understanding right? I don't see a prob with it only I would probably cut spending from programs that aren't working and unchange the ones that are. I disagree with you, however, on deflation. The depression was caused in part by a deflation of the currency. If that happens, people get paid less (market adjustments), and then they cannot pay their bills.

I also think that public works should be exploited here. FDR utilized the works progress administration to create 3.3 million jobs, and those jobs helped revitalize our infrastructure. But I believe that trade with other countries will make the real profit that America desperately needs. We need to restructure our trade agreements so that we can make the goods that other countries demand and in return, America, as a country, draws in revenue. Right now, given the current trade agreement loopholes, we can have a business in America close up their assembly line warehouses to ship them to another country. They then sell the same product to Americans and export it to the US for free. I just don't think that's right and something should be changed.

Trade is of course, dependent on our foreign relations, which continually degrade due to the war. We need to get out of Iraq. Its not like it won't destablize if we leave 3 years from now rather than 16 months. Iraq will destabilize no matter what we do, and no nation in the history of the world has ever occupied a foreign land while the homeland was suffering economically. Never mind the fact that no president in US history has ever cut taxes during a war.

How sad is it that no less than "Nobel laureates" all failed to address one of the main issues that has caused this financial meltdown: Credit Default Swaps. Until there is honest discussion and REAL strategies (outlawing the credit derivatives market and instruments to start) being developed to address the "nothingness" our current economy is based upon, we will continue to dig a hole of debt that we will never be able to pay off.

The creation of the Federal Reserve in 1913 and the abolition of the gold standard in 1971 essentially set the course of our country's financial destruction. Without the power to coin our own money, issue credit, and back up our cash (debt notes) with hard assets (gold standard), we are a joke to the global market economy.

marley07 sure is a genuis! obviously it costs more in new york city to live. You can get buy tho in manhattan by making less than 250,000 dollars a year, I am a testament to that. I'm glad you believe all liberals are idiots and that all we do is just bitch and complain. Well if it wasn't for those liberals such as Thomas Jefferson, John Adams, Thomas Paine, and others, we wouldn't have this country.

I am not an economist, but my plan runs the exact opposite from the Nobel prize winners.
First, no tax cuts for at least two years. We've already spent the money.
Second: No new programs. There are loys of theings we could do, but we can't afford it right now.
Third: Those bankers who allowed unwise loans--sorry, you are out of luck. The government is not here to subsidize your greed.
Fourth: Those people who bought big homes they really couldn't afford, thereby inflating the housing market and the currency, you are out of luck too. A little de-flation will be good for our economy overall.
Next, Social Security. We need to PAY BACK all of the money we have taken from the SS trust fund. I suggest 5% per year. from the general treasury. To pay for it we will have to cut 5% from all programs except national defense.
Health Care:Despite its detractors, we have the best health care system in the world. We could simplify the paperwork, cap drug mfgrs profits but a massive government program for health care would lead to Canadian style rationing, where sick people die before they are able to see a doctor.
The ecomomists who say we should make business loans available as we did home ownership loans ala Freddy and Fannie--yes, one of them in the article actually said that--they obviously are living in a different world than the rest of us.
The time for more spending is over. It's time for change, alright, but not merely a change of president.

sounds like the plan Obama has been talking about for months, I guess he on the right track and will probally get his chance to see if it really works.

The single best thing we can do for ourselves is to get rid of the Fed. it's a private banking organization owned and run by other private bankers for the good of bankers and at the expense of the nation. We need to transfer the control of our monetary policy to a properly accountable government function that works for the benefit of the nation as a whole.

If socialism is helping people with medical and jobs then what the heck is wrong with that. Freedom means being able to have health and wealth. The head of a state is the same as a father or mother and they help when the need is there so why the big fuss over government helping.

All Iknow is that the answer isn't income redistribution. Poor people aren't poor because 'the man' controls his money, nor are they poor because they aren't able to earn money. They are poor because they are unable to manage the money they have and consistently live beyond their means. Money ignorance is the reason they have so little. Education is the counterbalance to ignorance. Real principles of money need to be taught in school. Not how to balance a check book but how the stock market works and derivatives and fluctuating rates of exchange. Income redistribution is a civil and a moral crime.

start guiving money direct to the 300000000 citizens is cheaper and moore effective.send a check of one millon dollars to every one and we will see the ricovery is going to be very fast and cheeper of what they are doing right now. the consume is going to start faster, people will start pay mortgage,buy new cars, try to start new bussines etc. banks and the government they are going to have the money back.

On an un-economic note, I say we need less emphasis on matieral wealth and more emphasis on intellectual and career-minded "wealth" and that should be an example and a top-of-mind theme in our next Administration. Obviously, I'm banking on Obama to win because the other team has degenerated into a goofy sideshow.

All of these economists make good points. Some I lean toward more than others, but somethings I know way too little about to form any sort of opinion. But here's one of my favorite quotes from the article, by the last economis, Phelps: "I would advise the next president to press Congress to legislate that the proposed base pay of CEOs be submitted to a shareholder vote and that bonuses be geared to long-term performance."

I'd go a bit further and ask for a CEO-salary ceiling of sorts to be spelled out for each industry, based on norms or traditions that companies in other countries see as fair. For example, in Japan, I understand CEO salaries are capped at a certain multiple of the rate of the pay of the lowest man on the corporate totem pole, or something like that. Maybe we take a look at how each industry seems to be performing, and how much innovation plays a role in the development of new products/goods/services - and then devise a scheme that allows for some flexibility in CEO compensation based on his/her performance along the "innovation metric" for example.

In the car industry, we are lagging seriously behind other car companies in other countries; our CEOs in this industry are paid ridiculous amounts for basically being reactionary, anti-competitive, anti-innovative, and solely focused on turning a short-term profit -- which is why they've ended up as stupid looking as they are today, holding a bag of dwindling value and losing the race to invent great, innovative and viable cars.

Our oil business should have CEO incentives that encourage them to reach "beyong petroleum" and truly find ways, like T. Boone Pickens, to invest significantly into developing innovative and alternative energy resources. They will all go out of business as their core competency - the exploration and prodcution of petroleum and nat gas - becomes less and less an imperative (as petroleum and nat gas supplies peak out and become more and more economically challenging to remain competitive)...

It will be interesting to see which economic advisors an Obama Administration might employ.