Tuesday, March 31, 2009

Fixing the economy...

Just got this in an email. Sounds like a great idea:

This might just work ! So simple to fix-----

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?"

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 could be simpler than this???
and it won't cost BILLIONS!!

But if you multiply 40 million times a million dollars, unless my math is wrong, that comes to 40 trillion dollars. So what's this, "it won't cost bilions" crap?

2 comments:

Andrew said...

Sounds like banking math. They have special abilities to create money like using fractional reserve banking with the fraction ranging from 10% to in excess of 35%. To us lay folks its called money from nothing.

Andrew said...

Sounds like banking math. They have special abilities to create money like using fractional reserve banking with the fraction ranging from 10% to in excess of 35%. To us lay folks its called money from nothing.