Patriotic Retirement

[Palpatine]

Patriotic Retirement - This Would Work:

This was an article from the St. Petersburg Times Newspaper. The Business Section asked readers for ideas on "How Would You Fix the Economy?" This guy nailed it!

Dear Mr. President,

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 much cheaper than the "bailout"!

 

[Creme Egg]

Thanks for that information

It was a good read

 

[WarpedOne]

1) They leave their jobs. Forty million job openings - Unemployment fixed.

So, men over 50 don't have any advantage over newcomers? Experience etc is nothing. Those men are directly swapable?

2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.

Now, what would this do to car prices? Would they only double or go up tenfold?

3) They either buy a house or pay off their mortgage- Housing Crisis fixed.

Again, buy a house when there is 40 million other people with cash in hand that want to do the same? Prices would rocket up like nothing yet. Such a move would only do one thing. Blow even bigger baloon.

All this, and it's still much cheaper than the "bailout"!

Really?
1mil $ * 40 mil people = 40.000.000.000.000 $ = 40.000 (american) bn $ What's the sum of all current bailouts?

There really is only one right step out of this mess. Lower prices wherever current levels don't genere enough demand. This means they are to high, there is not enough value to those goods to warrant such prices.

 

[Palpatine]

Hey now !!! Let's not bring logic to a clever response on the bailout. I like the idea. Don't spoil it for me. I like simple solutions.

 

[dpeilow]

Yeah the 40 trillion thing is a bit of an issue :smile:

 

[efusco]

And when those 40 million people have spent their $1million (I give them 4-5 years MAX) and they don't qualify for medicare or social security yet...then what? 40 million people that are "too old" to find a job in the private sector, have no money left, and don't qualify for SS. Hmmmm.

We can't keep looking at quick fix, short term, throw money at it solutions. We need long term fixes and some short term suffering until those can be achieved.