Here is an economic plan that will not require a bailout. Why don't the government take the balance of the TARP's rescue funds and any future stimulus funds, place it into a CD with each bank that has received a portion of the original 700 billion dollars bailout, negotiate a return of 5-10 percent return on the money. Take the earned interest amount paid each quarter have the disbursed portion of earned interest put directly into a separate payroll account managed by a payroll service provider (i.e. ADP) that will pay the payroll obligations to any company seeking to stabilize its business during this or any recessionary period. This will secure jobs, allow the companies to concentrate on its growth, create an infusion of cash to the banks so that it could free up the credit crunch and begin to lend money, stimulate consumers' spending and most importantly, the principle amount of the tax payers' money placed in the CD will not be put at risk. This type of action will create transparency and accountability which can be implemented on January 21, 2009. The problem is that President-Elect Obama and the transitional team does not know it exist because I am not in the inner circle with contacts or have the President-Elect's ear. However, you as the reader(s) can be the judge. If you determine that the attached plan can jump start our economy, preserve our investments for the future and protect the tax payers' money in the process, let me know, tell your neighbors, your friends, family members, the media and especially your congressman or congresswoman that this is a plan of action that should be given immediate consideration. The solutions for the Housing & Job Crisis by using small businesses to jump start the economy, which can take effect on January 21, 2009.
Stop & Prevent Foreclosure: Establish eligibility of loan modification within 72 hours and establish a safeguard procedure that will prevent the homeowner from re-defaulting on their loan modification agreement.
Stabilize Property Values: Retention of home ownership in order to prevent declining sale value and reduce inventory of foreclosed properties where homeowners are in possession or retain title of ownership.
Stimulate New Investments: Develop Partnership Investments. New tax structure to create incentives for high income earners above $250,000 per year which will create capital, job creation and business growth, without a tax increase.
Create Job Growth: The program will match employers with employees who are enrolled. The job placement program projects a minimum employment growth of 100,000 new jobs per month, 30 days after the implementation of this program.This will create the business model the government can use for the 21stcentury economy that will ride on the innovation of the Internet. For questions regarding this outline, please contact Allen B. Shay: Shayandassociates@hotmail.com (Email) COPYRIGHT © 2008
The Right Way Back
Email To A Friend
Please fill in the following information and we'll email this link.
Energy
The infrastructure that may be most critical to our nation's future was also a hot topic on the campaign trail: energy production. And I was encouraged to see something of a consensus emerge regarding which types of production we should pursue: all of them. That includes more nuclear power and offshore drilling, but we both know that the real long-term solution lies in green power.
Oil-rich Middle Eastern governments are investing in green energy, because they understand that it will be the fuel of the future. America can either be the pioneers of green energy or the purchasers. If we are the pioneers, we'll create tens of thousands of good-paying jobs. If we are the purchasers, we will continue transferring billions of dollars of our wealth overseas—and the high-tech jobs that go with them.
To move from arguing about energy to acting on it, offer both sides of the aisle a victory: more environmentally sound offshore drilling and more nuclear power, satisfying those on the right, in exchange for more investment in green power and higher energy-efficiency standards, satisfying those on the left. It's a good deal that the vast majority of Americans would strongly support—and in the long run, it will save us all money.
Immigration
Pioneering green energy—and countless other new technologies—requires the best and brightest minds. Unfortunately, our broken immigration system has been shutting too many of them out. In many cases, brilliant young students come to America to receive an education, but after they receive their degrees, the federal government boots them out—and so they take everything they have learned and go put it to work for another country. That's insanity! And it is badly damaging our capacity for innovation.
Traditionally, economic downturns have heightened xenophobia and resulted in tighter immigration restrictions—making a bad economic situation worse. We cannot allow that to happen again. Too many companies are already setting up shop elsewhere because of the difficulty they have getting visas for their foreign workers. That means fewer jobs for middle-class Americans, and less tax revenue to pay for education, health care and other essential services.
Immigration reform is central to getting our economy back on track. The elements of the most practical and effective plan combine ideas from both the left and the right: imposing tighter border security; creating a 21st-century worker identification card that will allow employers to verify the legality of a job applicant and allow the federal government to enforce the law; increasing lawful opportunity for those seeking the American Dream; and—following in the footsteps of President Reagan—allowing those who are here illegally the chance to earn the right to stay.
You will never convince the demagogues, but most members of Congress will be willing to support this kind of common-sense approach if they believe it will not threaten their re-election campaigns. Tell them—including members of the opposite party—that they will have your support in their re-election campaigns. That simple act may do more to shake up the Washington establishment than anything that has occurred there in decades.
Discuss