Fixing the Economy
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A Step-By-Step guide to fixing the economy from a Layman’s Perspective.
Right now the American Government is tossing idea after idea at the American people trying to find a way to improve the economy. I’ve poured serious thought into most of their suggestions and ideas, and I think I’ve come up with a system that would work towards helping us out of this economic depression.
First and foremost, lower the cost of the government. Imagine for a moment that our nation is a small tower about 6 stories high. The First story is the Middle Class American Family, above them, American Industry, above them, Banks and Lenders, Stocks and Investments, Foreign Policy Expenses, and then finally government. Having a top heavy structure guarantees collapse, so we absolutely must begin repairing the economy from the bottom up.
In order to lower the cost of government we must first stop passing bills that do not pretain to the American people’s best interests. This means that we stop passing bills and signing documents where people with government ties have placed earmarks that or paperclips that allow them (at the time the bill is passed) to get money for some private purpose. This ability is vastly misused by members of Senate and Congress to pad their own wallets, and originally President Obama vowed he would not pass an earmarked bill, but has since been more than questionable as to what earmarks are and are not acceptable.
Secondly, we have to stop passing governmental legistlation to bail out private industries – money only works its way up the economy ladder – never down (which is why we’re finding ourselves so top heavy at the moment) so it doesn’t make sense to bail out businesses and banks, when the American people still have no money to put towards loans or products. Any and all bills passed need to be un-earmarked and addressed towards the American People.
Next we need to address a realistic budget. We do not have 3 Trillion dollars, and printing that amount of money will not improve the economy – it will crash it. The value of our currency is equivalent to the value of our government’s gold in Fort Knox, so printing 3 times the amount of money currently in circulation will make our money worth 1 third of its current value. This means you’ll soon be paying nearly $15 for a gallon of milk or $6 for a medium drink at your favorite fast food place. This will happen because when you over-print money (or print money that you don’t have a hard currency such as gold to stand behind) the value of that money becomes worth less (not worthless, mind you, but worth less). Don’t believe me? Ask Mexico, Russia, or most of the other nations who’s already had their go at this.
Once you’ve assessed how much money the country actually has, distribute it to the bottom of the ladder – to the middle and lower classes. Giving the money to the banks does nothing but make sure that we can get more mortages and loans, and ensure that the foreclosure crisis only gets worse. Giving the money to the people however, allows us to pay our debts back, keep our homes, and invest in bettering our lives and the economy in the processes. The banks and businesses in America don’t have any money because the people don’t have any money. If no one has enough money to shop at WalMart, WalMart will have to lay off employees more and more before eventually closing their doors forever – we’ve seen this in countless businesses over the past few years. So giving WalMart money does nothing but prolong the inevitable because it doesn’t matter that they just got a few free million dollars when three months from now they’ll be broke again and none of us can still afford to shop there.
It is absolutely essential that the money go to the people. It will work its way back up from there. If the American people have money, then they spend it, meaning companies have money. Companies have money, jobs open up, and money starts to flow again. As soon as that money is flowing, we can start to see the banks and lenders get their loan payments in, and before we know it, they’ll have all the money they had back before this crisis developed. The housing market will improve, the lending market will improve, and we can get out of this economic depression.
We could finally be free of it, just by making a few simple observations.











2 Comments
It’s about time someone said something. Theres no need to give the banks the money, because all they’ll do is lend it to folks like us with a high interest rate and we’re still out in the dark with no jobs opening and no way to pay back the bank. Everywhere I look peoples’ houses are being sold dirt cheap because the banks foreclosed them. Well thats just great if you’ve got the money to go around buying up houses, but if your the average Joe, you’ve got to take out a loan to do anything like that, and without a job, you’re not paying it back.
I agree. Great write!