Fixing The Economy Isn't The Goal, Is It?

[FC]

How to fix the economy

 

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 are about 40 million people over 50 in the work force;

pay them $1 million a piece 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.

 

All this and it's still cheaper than the "bailout".

 

[Jimro]

Just checking the math...

 

40,000,000 x 1,000,000 = 40,000,000,000,000

 

Unless I'm way off mark that is 40 TRILLION dollars, or somewhere between 30 and 40 times the cost of the current ineffective bailout plan.

 

Jimro

[FC]

Are there that many over 50 people working at jobs in the country? Well heck, give severence pay of $250,000 and we'll call it a day! Or, we can just call the bailout a bargain!

[Jimro]

A quarter million dollars is not enough money for someone in there 50's to retire on.

 

Also the productivity of people in their 50's is one of the driving factors of our economy. The average age of a construction worker in the US was 45 as of three years ago. Those in their 50's are the backbone and brains of our industry, from skilled labor to engineering to middle and upper management.

 

I agree with you that the "stimulus package" doesn't do anything but throw money away. The only thing that would work is tax cuts, you can't spend your way out of debt, it's like digging deeper to get out of a hole.

 

Jimro