solving the financial crisis

[Ken Gargett]

from a mate -

This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section

asked readers for ideas on "How Would You Fix the Economy?"

Everyone thought this was the BEST idea.

I think this guy nailed it!

Dear Mr.President,

Patriotic retirement:

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 cheaper than the "bailout".

of course, this misses the point of just how much experience goes down the toilet if you do this. and as bad as things are, not certain i'd want kids in charge.

[zuma]

Boy... Was that another of Russell Crow's suggestions?

Maths is not very strong around there (maybe that how the bloody financial crisis started)... 40 million times 1 million is 40 trillion dollars. Since US GDP, the total value of all final goods and services produced in a year, is just under 14 trillion; that equates to more than two and a half years of US GDP... that business section is out of its mind!

[tugboat]

At least it's a screw up I can understand and live with better than whats going on now. + Americas total debt is close to 40 trillion now, whats another 40 Ts. The ultimate stimulas plan. Reduce the tax on it and I'll even give up my job and give it to someone else.

[zuma]

At least it's a screw up I can understand and live with better than whats going on now. + Americas total debt is close to 40 trillion now, whats another 40 Ts. The ultimate stimulas plan. Reduce the tax on it and I'll even give up my job and give it to someone else.

Total US debt as of Apr 24, 2009 is $11,184,922,662,862.85 [1] (just over 11 trillion).

IMHO, assuming that everyone with any iota of financial accountability would suddenly go bananas, and a 40 trillion rescue plan like that would be enacted, the US dollar would end up achieving parity with the Zimbabwe dollar... and the financial crisis would turn into financial Armageddon.

[Ken Gargett]

Total US debt as of Apr 24, 2009 is $11,184,922,662,862.85 [1] (just over 11 trillion).

IMHO, assuming that everyone with any iota of financial accountability would suddenly go bananas, and a 40 trillion rescue plan like that would be enacted, the US dollar would end up achieving parity with the Zimbabwe dollar... and the financial crisis would turn into financial Armageddon.

i was only puting it forward as an example of what is going around, rather than actually advocating for it.

[jquest63]

LOL! If I were over 50, I'd take it. Don't think it would solve the crisis though, not sure what would.

"of course, this misses the point of just how much experience goes down the toilet if you do this. and as bad as things are, not certain i'd want kids in charge."

Agreed, I wouldn't want the kids in charge either.

[anacostiakat]

i was only puting it forward as an example of what is going around, rather than actually advocating for it.

[zuma]

i was only puting it forward as an example of what is going around, rather than actually advocating for it.

Ken mate, are you sure?

[tugboat]

I was talking about Americas total debt including business, household and financial not just the goverment's....and I'm not totally convinced THIS financial crisis won't turn into armageddon. What happened to the world economy makes no more sense than the idea put forth. It's like putting a drug out in the market without ever testing it. It seems thats the problem, financial accountability is whats missing in the markets. IMHO. Hence the

[chuck1rar]

Look what happened in Iraq when Bush and his cronies sent over new graduates to run government services after the fall of Baghdad.

Nah I vote to keep people still working experience does count a little still

[FlyFishingDude]

I'm game, retired, no debt, tooling around in my new Cadillac, sh1t load of cigars, fishing whenever, you got my vote....

[Mel]

Not wanting the under 50(kids) in charge??????????

Do you think they could get us any deeper any faster? I can just hear the new generation questioning the old timers about how we got to 11 trillion.LOL