Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts

Sunday, November 9, 2008

How to create an economic stimulus package

President Barack Obama in case you haven't noticed this IS your 911. You don't have another 2 months to wait. If you don't act now then by next week the headline will read,
"President Elect Obama
Now with 50% less hope"

By the time you take office a whole lot less people will care.

In case anyone is interested here is how to create an economic stimulus package. President Obama, gather 1,000 of the richest people in the country in a room and tell them that each of them has to cough up 1 year salary or 1% of their net worth to create jobs.

Tell them they have two choices and the decision has to made now. One, you could pull out your checkbooks and write a check equal to last years salary or pull out your keys and don't let the door hit you on the way out.

Hey, if we don't have jobs we can't buy their crap now can we?

If they choose not to contribute to the economic recovery of our nation then they or their lobbyists will no longer have an audience in side the beltway. If their companies have been receiving subsidies in any form then that will stop on January 2nd. If they want a bailout of Billions for their banks, investment houses, insurance companies, coal and oil companies or auto companies then please inform their Boards of Directors, stockholders and the general public what the greedy bastards choice was.

This is really a 'are you for us or against us' moment.

Put their names on a web page and post in public whether they gave or not. Put your name first Mr. President with a check for $10 Million. Yes you could do that if the organization was used for charitable uses so you have no excuse not to lead the way and that is what you are to us isn't it? Our Leader? So lead already.

Start a non profit group/ website or use mine to create jobs through and have all money posted in public so we the people can see what's going on. Then have your government put up $50 Million to use for loans for those that save a house and live in it so they can start their own businesses. Think of how many jobs will be created by that second wave! Come on, do something.

Where is it written that you can't start acting like a leader? THINK! Dammit. Every month there are thousands of our citizens losing everything they worked for. They did the right things. They followed the rules and somewhere in this country, right now as you read this there is a great guy that loves his family, worked very hard, invested in 401Ks, 527's the stock market and trusted in the government to do it's job and is sitting behind his little desk in the study looking at his foreclosure notice and all the security he thought he had now gone and along with the that stack of papers saying what he isn't worth and the bills that have to be paid there stands a Bottle and in the top right hand draw of his desk there is a gun. If you would like to know his name and be introduced to his family just create a Google/news alert with the search term, foreclosure and suicide and you will get to meet his widow and kids. THAT is what defines a financial crisis. Still think it's OK to wait two months?

Please answer me/us this question if you will.

Do you know anybody that can create 300,000 paying jobs that give a house to each of those workers? Also, do it by recycling and without using tax dollars? Can Paul Volcker do it? You? Can all of your men and women put together do it?

Sincerely,
Tom Canavan

Friday, November 7, 2008

President Obama getting bad advice

President Obama is already heading off in the wrong direction.

This morning on a TV interview Barack Obama economic advisor Lawrence Summers said, There is no silver bullet to this economic meltdown we are experiencing. I beg to differ. With thinking like that the stagnation will expand and nothing will get done. We are out of patience with this type of thinking. We are Americans, we invent silver bullets, we innovate, we imagine, we invent solutions, we are entrepreneurs.

Mr. Summers and others like him should do our new President a service and be quiet. As in, if you have nothing to say of a positive nature then shut the hell up.

With taking advice from advisers like these then I'll predict President Obama will very soon be thought of as impotent and ignorant as President Bush.

Do you people really think that the banks, mortgage houses, Wall st., auto manufacturers, Congress and the Fed can or will fix this? You're Effing kidding us right? Bush did it wrong and you are starting to do it wrong.

The only thing that will fix this economy is for you President Obama to give us common people something to do, hope for and believe in, not wait for. In case you folks haven't noticed we don't believe in any of the things I have listed above. We distrust them. THEY are not in business to help us. THEY are only in business to help themselves. WE do not understand nor can we wait for months and months for MAYBE one of these cockamamie ideas to produce questionable results. We already tried that. We do not care about economic indicators, stock markets or any number of alphabetic indicators you use as proof that something is happening. We need something real and we need it now.

The message I hear from you guys is for us to borrow more money from some bank? REALLY? That's what you are working on? You want us to borrow more? REALLY? Isn't that what got us into this mess in the first place?

President Obama. If you choose to keep doing the same stuff that hasn't worked before and are expecting a different result your popularity will be seen going down the toilet during your inauguration speech and I doubt it will ever recover.

I know you may think I am being premature in my cynicism but if all you are coming up with for a rescue package is creating road gangs to pave our way out of this then in this case I suggest that my cynicism is warranted.

As an American that doesn't have an MBA in anything and didn't graduate from Harvard I still offer my help in the form of The Benefactor Project. You could restore hope and create hundreds of thousands of jobs in 60 seconds if you wanted to try something different, something audacious.

Tom Canavan