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• 11/14/2008 6:39 PM yula wrote:
  Hi Jack
  Suggestion to this bad economy.I strongly believe a stimulate package is due for the middle class who is paying imcome taxes and small business owners of at least $500.000.00 to jump start the economy.(a)Giving a stimulus package of $300.00 to $500.00 per tax payer will not work.(b)Small packet will put bigger depth into gov't spending.Instead of bailing out big companies costing billions and more.Stimulate the middle class.(1)The umemployment rate will cut.(2)Food stamps will reduced.(3)Medicaid and wellfare will reduced.(4)People will have the money to buy their own healthcare ins.Premium drafted directly from individual bank accounts.Stimulus check will be deposited to the individual bank account.Banks have the money to loan to the indivdual to buy back their bad mortgages.Loan money to contractors so they will buy foreclosures homes and fix them up.Contractors will have work,they wil hire employees to do general construction.Businesses like Home Depot, Lowes.department stores.shopping malls and other bosinesses will benefit from stimulus package.They will see growth and profit if this stimulus checks are provided.This stimulus check should be deposited to the individual's account.(a)banks can then invest consumer's money(b)Consumers will have to borrow their own money to do business,or to repurchase their home(c)accounts that open with the stimulus check should be treated as a passbook loan to the individual and should pay interest to the bank for the amount and length of time taken out to do business at time needed and must. make monthly installments Banks and consumers don't have to about bad credit,this stimulus check is a security blanket for the middle class who's credit is ruined in this meltdown time,middle class can start investing their money to bring the economy around.Small businesses will bring the economy back.Gov't alone cannot do it without the middle class.Every depositer who will benefit from this stimulus check should be mandatory to invest in an IRA retirement account for their retirement approx $75000.00 banks can then invest consumers IRA into various investment accounts.Consumers can take money out from their account to purchase automobiles.Automakers will get a boost in sales from consumers.No need for gov't to bailout automakers because six months later they need another bailout.
  Unemployed consumers should be able to withdraw a certain amount of money each month as needed for their daily living instead of standing in the unemployment line.It should be mandatory for banks to regulate consumers spending with the stimulus check.
  Thank you
  Yula
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  1. 11/15/2008 11:10 AM Larry Bradley wrote:
     Yula,
     
     Thanks for commenting via the Blog.
     
     I get that you think government help should be directed to individual consumers and small business on the theory their economic activity will be more likely to stimulate the economy. I find your details a bit confusing, however.
     
     Would you care to explain in more detail?
     
     Also, what is the total price for what you're proposing? You do realize the money will have to be "borrowed" (printed) and might have an undesireable ripple effect? Then again, so is what we're doing now.
     
     Looking forward to your response.
     
     Larry
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• 2/13/2009 6:11 AM Pay Per Click Management wrote:
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• 3/30/2010 12:43 AM market research wrote:
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