Home › Forums › Financial Markets/Economics › How to Fix the 2010 Depression
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December 18, 2009 at 11:09 AM #496228December 18, 2009 at 11:27 AM #495367
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Participant[quote=WandGP]Frankly the best idea that I heard of to create jobs was to have never given out any bail-out funds to corporate giants, quasi-governmental entities, or banks. The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet. With the stipulation that they would retire immediately, invest a portion of their money, and immediately buy an American car or pay off their home. Wow, with over 30+ million American in this category now you have 30 million jobs opened. I know it’s an over-simplified strategy, but it least it gets over the pretense of just giving a damn handout to those that deserve it more than the likes of Bank of America.[/quote]
That’s not a good idea. Here’s why. First, the problem we’re facing:
– The economy has shrunk, therefore, the massive layoffs.
What you are suggesting is:
– Artificially shrink the labor work force by giving the near-retirees incentives to retire early.
This proposed solution may reduce the unemployment rate. But as a nation, we are not producing more, not becoming more wealthy.
The correct solution is to find a way to grow our economy, creating more jobs.
Not to mention that the early retirees will start to utilize Social Security earlier making it worse.
December 18, 2009 at 11:27 AM #495524Participant[quote=WandGP]Frankly the best idea that I heard of to create jobs was to have never given out any bail-out funds to corporate giants, quasi-governmental entities, or banks. The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet. With the stipulation that they would retire immediately, invest a portion of their money, and immediately buy an American car or pay off their home. Wow, with over 30+ million American in this category now you have 30 million jobs opened. I know it’s an over-simplified strategy, but it least it gets over the pretense of just giving a damn handout to those that deserve it more than the likes of Bank of America.[/quote]
That’s not a good idea. Here’s why. First, the problem we’re facing:
– The economy has shrunk, therefore, the massive layoffs.
What you are suggesting is:
– Artificially shrink the labor work force by giving the near-retirees incentives to retire early.
This proposed solution may reduce the unemployment rate. But as a nation, we are not producing more, not becoming more wealthy.
The correct solution is to find a way to grow our economy, creating more jobs.
Not to mention that the early retirees will start to utilize Social Security earlier making it worse.
December 18, 2009 at 11:27 AM #495908Participant[quote=WandGP]Frankly the best idea that I heard of to create jobs was to have never given out any bail-out funds to corporate giants, quasi-governmental entities, or banks. The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet. With the stipulation that they would retire immediately, invest a portion of their money, and immediately buy an American car or pay off their home. Wow, with over 30+ million American in this category now you have 30 million jobs opened. I know it’s an over-simplified strategy, but it least it gets over the pretense of just giving a damn handout to those that deserve it more than the likes of Bank of America.[/quote]
That’s not a good idea. Here’s why. First, the problem we’re facing:
– The economy has shrunk, therefore, the massive layoffs.
What you are suggesting is:
– Artificially shrink the labor work force by giving the near-retirees incentives to retire early.
This proposed solution may reduce the unemployment rate. But as a nation, we are not producing more, not becoming more wealthy.
The correct solution is to find a way to grow our economy, creating more jobs.
Not to mention that the early retirees will start to utilize Social Security earlier making it worse.
December 18, 2009 at 11:27 AM #495996Participant[quote=WandGP]Frankly the best idea that I heard of to create jobs was to have never given out any bail-out funds to corporate giants, quasi-governmental entities, or banks. The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet. With the stipulation that they would retire immediately, invest a portion of their money, and immediately buy an American car or pay off their home. Wow, with over 30+ million American in this category now you have 30 million jobs opened. I know it’s an over-simplified strategy, but it least it gets over the pretense of just giving a damn handout to those that deserve it more than the likes of Bank of America.[/quote]
That’s not a good idea. Here’s why. First, the problem we’re facing:
– The economy has shrunk, therefore, the massive layoffs.
What you are suggesting is:
– Artificially shrink the labor work force by giving the near-retirees incentives to retire early.
This proposed solution may reduce the unemployment rate. But as a nation, we are not producing more, not becoming more wealthy.
The correct solution is to find a way to grow our economy, creating more jobs.
Not to mention that the early retirees will start to utilize Social Security earlier making it worse.
December 18, 2009 at 11:27 AM #496238Participant[quote=WandGP]Frankly the best idea that I heard of to create jobs was to have never given out any bail-out funds to corporate giants, quasi-governmental entities, or banks. The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet. With the stipulation that they would retire immediately, invest a portion of their money, and immediately buy an American car or pay off their home. Wow, with over 30+ million American in this category now you have 30 million jobs opened. I know it’s an over-simplified strategy, but it least it gets over the pretense of just giving a damn handout to those that deserve it more than the likes of Bank of America.[/quote]
That’s not a good idea. Here’s why. First, the problem we’re facing:
– The economy has shrunk, therefore, the massive layoffs.
What you are suggesting is:
– Artificially shrink the labor work force by giving the near-retirees incentives to retire early.
This proposed solution may reduce the unemployment rate. But as a nation, we are not producing more, not becoming more wealthy.
The correct solution is to find a way to grow our economy, creating more jobs.
Not to mention that the early retirees will start to utilize Social Security earlier making it worse.
December 18, 2009 at 11:37 AM #495372Anonymous
GuestJust trying to think outside the box and offer a solution that only puts the American people maybe a couple of hundred million to 1 billion in debt vs trillions.
December 18, 2009 at 11:37 AM #495530GuestJust trying to think outside the box and offer a solution that only puts the American people maybe a couple of hundred million to 1 billion in debt vs trillions.
December 18, 2009 at 11:37 AM #495913GuestJust trying to think outside the box and offer a solution that only puts the American people maybe a couple of hundred million to 1 billion in debt vs trillions.
December 18, 2009 at 11:37 AM #496000GuestJust trying to think outside the box and offer a solution that only puts the American people maybe a couple of hundred million to 1 billion in debt vs trillions.
December 18, 2009 at 11:37 AM #496243GuestJust trying to think outside the box and offer a solution that only puts the American people maybe a couple of hundred million to 1 billion in debt vs trillions.
December 18, 2009 at 12:18 PM #495382outtamojo
Participant“The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet”
The gov. has already chosen who to give a few million dollars each to and most of them work for Goldman Sachs : )
December 18, 2009 at 12:18 PM #495540Participant“The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet”
The gov. has already chosen who to give a few million dollars each to and most of them work for Goldman Sachs : )
December 18, 2009 at 12:18 PM #495923Participant“The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet”
The gov. has already chosen who to give a few million dollars each to and most of them work for Goldman Sachs : )
December 18, 2009 at 12:18 PM #496010Participant“The federal government ONLY needed to give 1-2 million dollars to every individual age 60 + who had not retired yet”
The gov. has already chosen who to give a few million dollars each to and most of them work for Goldman Sachs : )
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