Sounds great Chris. That is exactly how they need to funnel the funds instead of shoring up the higher echelon of the capitalists economic system. May I also add that everyone be given a smart car to rid ourselves of all the gas guzzling vehicles that are draining our oil supply and wreaking havoc on our environment. I called Bank of America the other day and asked if they could just zero out my balance using my share of the $45 billion they received as bailout money. I guess you know the answer but they did offer me 6.25% interest rate which shocked me to say the least. BTW, Your provided links are not coming through for me!
On Feb 4, 2:12 am, Chris Jenkins <[email protected]> wrote: > After a spirited round of spitting and hissing on my comments, I posted this > on my Facebook profile. Since the audience (with a couple of notable > exceptions) is so different here, I thought I'd post here as well, just to > get a feel for how different the feedback is: > A few thoughts on economic stimulus by an infamous know it all... > > When the signs of impending economic distress became impossible to ignore > last year, the various heads of government agencies overseeing such things > gave a shopping list of reasons for why this crisis had occurred. In the mad > rush to "do something about it", they passed a bill which began at 750 > Billion in the House, and swelled to over 800 Billion by the time it cleared > the Senate. It was signed with grand flourish by a grinning President, who > with extraordinary hubris, declared "Good Job, Brownie!" once again to the > American people, while passing out incomprehensibly large checks to his best > friends in the industry on his way out of office. > > Now, four months later, a new President is championing a new bill which > contains many of the same types of barrels of pork as the last one. Although > the madcap grin has been replaced by a sense of grim determination, and an > impressive mechanism for oversight, there still exists within the hallowed > halls of Congress a certain disconnect with reality that this oh so earnest > President is not doing anything to counter: > > http://patriotroom.com/article/pelosi-the-stupidest- > thing-any-politician-has-ever-said > > It's easy to forget that our elected representatives are not economists. > They rely on others for data, opinions, input. Each of us has the ability to > research, study, theorize and quantify, and based on recent voting > commentary, if you read the entire contents of the legislation that your > representative voted on in the last full session, you actually did more work > than your average representative. > > With that in mind, here would be the key points in legislation tentatively > titled, the Chris Jenkins Economic Stimulus Plan from the Common Man of > 2009: > > 1. The 'Breather Period' - This all started with the mortgage industry, > Fannie and Freddie, et al. Any Stimulus package passed now should make a > final action on that root cause of the crisis, since all previous action > have failed to have any substantial impact on the housing market and banking > industry. Money given directly to the banks has been squandered in bonuses > and expansion and lobbying efforts by the banks, providing zero relief to > the consumers. Therefore, my plan sets forth funds to guarantee the primary > mortgage payment of all owners of one home up to $1000 per month for a > period of six months. This will provide a temporary guaranteed security on > mortgaged based bonds, and will provide a six month respite from what is > typically the most expensive bill in the house for middle class families. > This portion of the plan will stimulate both retail and savings sectors, and > will shore up lending institutions while providing immediate value to > securitized instruments. At the end of the six month period, financial > institutions who have not successfully purged toxic assets will be expected > to bear the financial responsibility for their poor stewardship, as will > consumers. > > Projected Cost: 240 Billion based on 40 Million mortgaged properties. > > 2. The 'Real Small Business Administration' - One of the most effective ways > that Microsoft was able to corner the networking market was to personally > sponsor the growth of Microsoft trained engineers via the Microsoft Career > Loan Program. It created a trained and ready workforce able to support the > products that Microsoft was rolling out to a new market. President Obama has > proposed a series of large scale, long term infrastructure projects which > could bear fruit, but it takes far less resources, and returns dividends > much more quickly, to invest in the American small business infrastructure. > The current SBA loan structure qualification rules are here: > > http://www.law.cornell.edu/uscode/html/uscode15/usc_ > sec_15_00000636----000-.html > > I'll make it easy for you to understand. You don't qualify for a small > business loan. With layoffs and unemployment at record highs, startup small > business, freelancing and consultancies are natural channels for skilled > workers to continue to participate in the economy. I propose funding be > disbursed to the States to provide resources for skilled workers including > enhanced funding for SCORE (they are never open, impossible to get an > appointment with, and don't have anyone there who understands the internet, > much less Web 2.0), low interest long term lines of credit for > infrastructure and inventory purchases (secured by inventory), and other > "collective" type small business resources. Proposed disbursedment: $10 > Million per Representative > > Projected Cost: 43.5 Billion > > 3. Passage of HR 5842 and HR 5843 followed by passage in the Senate and > adoption into law - This one's a no brainer. Ron Paul and Barney Frank have > some common sense legislation sitting in committee right now to take the > cannabis issue out of the Federal government's hands, and put it back in the > State's hands, where it belongs. Pass the bills, send them to the house, set > up the appropriate Federal tax stamps, watch the money roll in. > > Projected Cost: 0 > > Projected Immediate Savings: Nearly $10 Billion per year > > Projected future tax revenue: from $3-30 Billion per year > > 4. Emergency Family Aid Services - many community based social services such > as the Basic Four program are straining to carry the load right now. These > programs are critical to the working poor and under-employed, and are > running short due to the high demand. I propose funds be disbursed to shore > up community services which provide survival level services such as > groceries, utility vouchers, emergency rent vouchers, etc. Proposed > disbursement: $15 Million per representative > > Projected Cost: 87 Billion > > 5. 'The 100 X 100 Social Benefit Grants' - With the proceeds of point 3, > this act will pay for 100 grants of 100 Million dollars each, 10 apiece in > each of the following categories: > > Urban Renewal > Agriculture > Sustainable Development > Alternative Energy > Telecommunications Infrastructure > Mass Transportation > Educational Technology > Arts and Culture > Biomedical Technology > > An oversight board would be appointed with principals in each field to > review the grant applications based on feasibility, rapidity of deployment, > total jobs created, and total social benefit. Because these are tax payer > funded social benefit grants, the desired end result would be a social > benefit which would be free or of inconsequential cost to the taxpayer. > Examples include Google's nationwide WiFi network plan, seamless > improvements to existing power and telecom infrastructures with no pass > through cost, public museums and libraries which provide technology > resources, etc. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Minds-Eye?hl=en -~----------~----~----~----~------~----~------~--~---
