Monday, May 18, 2009

The other day a friend of mine told me of an idea proposed by a man in Florida. Unfortunately, I don't know his name so I can't give him credit for this solution to the economic situation. This is his idea as I understand it.

There are approximately 40 million Americans over the age of 50 that are working. His proposal is each of these people be given $1,000,000. There would be 3 stipulations.

1. They retire from work at once.
2. They purchase a new American made vehicle.
3. They buy a new house, or pay off their current mortgage.

Step 1: Would open up 40,000,000 new jobs across the United States. This would go a long way to curing the unemployment problem. The situation could very well be reversed, we would now be trying to fill important positions. This would give rise to new positions for teachers and trainers.

Step 2: Just think about how sales of 40 million vehicles would effect the American auto industry. This could provide more jobs to help with unemployment as well. Plants would not be closing, layoffs would be stopped.

Step 3: The mortgages being paid off would put more money back into credit, freeing up more money that could be lent with the current changes for better regulations in place. New homes being built and sold would give a nice shot in the arm to the sluggish housing market to say the least.

So, for $40,000,000, not 787 billion dollars we could go a long way to fix the current problems.

I do have to put a wee little disclaimer here. I am over 50 and so is my husband. This whole idea was put forth by a man in his fifties. This may be deemed a conflict of interest, but we're all looking forward to a real stimulus check.

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