Troy's Economic Plan
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I've come to the conclusion that I'm against this whole 'bailout' thing in any shape or form. My problem with it is this: it gives a bunch of money to a lot of rich people in the hopes that the benefits will trickle down to the average Joe. Guess what, folks. That whole trickle-down thing doesn't work. Why? Because rich people don't pass on the wealth to the poor. Rich people horde wealth. That's why their rich. Rich people remain right by making sure the working class struggles from paycheck to paycheck. Again, DUH! They need the working class to remain working class, so they'll have people to WORK for them...and make them more money. Another reason why that money doesn't trickle down is because rich people spend their money with OTHER rich people! Rich people buy yachts, and mansions, and diamonds. They don't patronize small business and lemonade stands.
How about some trickle-UP economics? Hey, I know you can't just write every American a check and say 'crisis avoided', but here's an idea: for every institution that takes advantage of this so-called bailout, stipulate that they MUST increase wages of EVERY employee. EVERY EMPLOYEE, from the janitor to the CEO. BUT, the amount of your increase must be inverseley proportionate to your current salary. So, say the CEO gets a 1% increase and the janitor gets a 20% increase. Guess what that does. It gives Average Joe more disposable income not only to pay his mortgage, but buy gas and groceries and whatever else, and...hey, that money goes right back up the chain to the rich folks anyway.
Matter of fact, across the board, salary increases. Every American company. If you can't afford to increase salaries of your workers, have a chunk of this 700 gazillion dollars. GO AMERICA!!!
Jeez, I think my 4 year old could have come up with that one.
That's my two cents, and it's worth a dollar.
Comments (24)
Your dollar's worth has already fallen about 11% in value since you wrote this... ;) The bailout is socialism, no two ways around it - would love to see _Actual Capitalism at work here myself.
As an average run of the mill hockey mom, I agree.
- Joe Six Pack
vannatta: Actually, I don't think socialist tactics are doomed just because they're "socialist." My own plan could be deemed somewhat socialist. But, money in the hand sure boosts capitalism. But, yeah, this whole bailout thing is fucked from top to bottom. Let's pay the assholes that raped the American people and hope the money will keep them from doing it again.
Joe Six Pack: You're such a maverick!
The bailout package, as currently passed by the Senate is a very flawed bill. However, if you think this is just about saving corporate ass, you are mistaken. Right now, (and this is the simplified version) because of the these banks failing (and other problems), businesses, large and small, can't borrow money. Business runs on access to credit. For most people to start a new business, they need a business loan and it can take years before they are in the black, if there is no access to credit, they can't rent that storefront, pay for the remodeling, get the inventory, pay employees, etc. etc. Established businesses, large and small, can't opperate based on cash flow. If businesses fail, that means loss of jobs (already we've seen that happening). If you don't have a job, you can't buy things, you can't pay your mortgage or your rent, if you can't buy things then more businesses go out of business, more loss of jobs. If you lose your house, and millions lose their houses (which has been going on now for some time becaue of the whole subprime mess), then the market is flooded with homes and home values continue to decline, people owe more for their homes than they are worth because of decline in value, and that's just some of what is happening.
So this so-called "bailout" directly impacts every one of us in some way. And if the economy fails, we will get to experience the Great Depression first hand. And anyone who did experience can tell you you really don't want to have to live through that.
Don't take my word for it, read Paul Krugman, an economist who writes for the NY Times. My understanding is all reputable economists believe some kind of bailout is needed and fast to save our economy.
things like this piss me off. We can find money to bail out banks, and we can find money to spend billions in an Iraq war... but we cant find money to get adequate textbooks and competant teachers in inner city schools??
If you went to the average inner city school in any major american city you'd be sickened at how the kids are being groomed to fail.
Like Troy said... I'm sick of the average joe being passed over when he needs help the most.
MG: I understand the concept, but I don't believe in it. We're giving banks the money and saying, "Now you can be nicer to people who want loans, or already owe on loans." Instead of government giving money to banks who will in turn give it to the people...cut out the middle man. Fuck the banks. They fucked us.
If I'm missing some crucial point here, forgive me. I'm no political genius or economist. I'm just a fucker living check-to-check who sees things on much simpler terms. But, in most cases, the simple solution is the besto solution.
Frost: I'm with you, man! Who was bailing out people who were losing their homes left and right?
Agreed - I think that socialism can be a good thing, but not when it comes to hardcore capitalism... as in choose between the two - socialism should be kept off of wall street, imho. We have a 62 Trillion dollar global derivatives problem... _so the 700B is the proverbial drop in the bucket... but hey, if it helps restore confidence, then I'm all for it... a run on the banks would be brutal.
Here's my idea. Re-instate the draft.
Only this time, draft the fuckers who made did this (the short sellers, the heads of banks in the Credit backed securities markets, the agents of the deals), draft them int creating sound fiscal policy. Draft them at the pay of average military personel. Send them to "war" to fix this mess, without loopholes to benefit from when they return to the "private sector". If this is an issue of great national concern, much like a war would be, then they shouldn't have a problem rolling up their sleeves and doing what's right for the country. It's the American thing to do!
Run it like NASA in the 60's. Slash the military budget in half. Stop supporting a majority of our bases abroad. End the war, we simply can't afford it.
I'm sure there would be cries that it would be unfair to keep them from making the pay the are worth, but so what - National Emergency, tough it out like the rest of us. Create a regulatory market you can function in, with the oversight needed.
Wow, we've got a decent bill forming here. MOG-Congress is in session.
Here's an economic plan for ya... hot chicks with money...
Now, THAT'S a plan I can really get behind and throw my all into.
Though the first picture is puzzling. She apparently has fake boobs, and lots of money...but no bed.
Oh, who am I kidding. As if I'd care.
My idea is one that was actually proposed by Bernie Sanders:
A 10 percent surtax on couples with incomes of more than $1 million and individuals earning $500,000 or more.
This would have raised 300 billion. It was voted down.
My other thought was that the goverment should , on a temporary basis, loan money in the stead of banks for those folks who needed to make payroll..In the debates the kept saying credit was frozen, so let those guys at Fed and Treasury go to work as bankers as they are needed. during the bailout debate they kept mentioning how companies wouldn't be able to purchase inventory or make payroll as the reason we should be behind the bailout, so fix that problem instead of throwing the whole pile up for grabs. You know folks are gonna be fighting after that money..Why give it to someone else to loan. Loan it direct..that way we get more of our money back.
It's all too confusing for my brain. I think whatever happens, us average Joe's will get screwed regardless(& it ain't gonna feel good).
when in doubt sell the plasma......or sperm
I can't even sell my sperm. I'm too short.
Don't ask how I know that.
hahahaha! Another option would be porn, but I am sure you have covered those bases as well
Ya know, if I had a son instead of a daughter, I might consider it. Thanks for recognizing my natural talent though. :)
of course you guys gotta bring it to the lowest common denominator, hehe. LOVE THAT about you two!
I'd actually like to see some statistics on how many comments it takes for a post to degenerate into something about sex/porn/ass once Kevin or I have been introduced to it.
I betcha Cody could come up w/some of those, since he's such a mog stat man! I'd be willing to bet that the average would be around 1.5-2 comments though.
That many? :D
I've been wrong before @;P