Let's make a bold shift

Let's make a bold shift

Listening to the talking head wizards in economics and financial management makes you wonder if any of them have an original thought about the complexity of todays economic down turn. All of them are trying to apply the text book formula of economics to our current day problem

Our present day problem stems from out right thievry of the U.S. treasure by the wall street moguls who covered their bets on uncertian things with insurance provided by the U.S. treasure. Ive never understood how the treasure could insure billions for paper only when a home owner couldn't get 500 thousand dollars worth of mortgage insurance.

The GDP grew by 3.5% yet unemployment keeps rising which tells us that we need to do more to stimulate the economy failing to make a bold shift will just add to our misery. Since unemployment affects every area of our economy a reduction in tax receipts, business decline, housing decline, automobile manufacturing and sales decline, investment in equipment and inventory decline lay off of teachers, police and firemen, no research and development. If we do nothing to correct these problems it will stifle our development in the future.

Since our predicament is so uncertian I proposed that we have another stimulus that concentrate on job creation not savings banks and other financial institutions. Lets concentrate our infrastructure like bridges roads, water ways, airports new forms of energy that enhances our transportation system and and employ a large number of people. For immediate results grant every person who draws a check from any source a three month holiday from pay roll tax deductions on our wages and retirement this would infuse a large amount of currency into the ecomomy immediately and we would experience positive results sooner.