Why wouldnt this work ? Economy fixed !!

[goldengreek]

got this email -- it sounds brilliant - what an I missing ?



This is from an article in the St. Petersburg Times Newspaper on Sunday.

The Business Section asked readers for ideas on "How Would You Fix the Economy?" I think this guy nailed it!


Dear Mr. President:

Please find below my suggestion for fixing America 's economy.

Instead of giving billions of dollars to companies that will squander The money on lavish parties and unearned bonuses, use the following plan.

You can call it the Patriotic Retirement Plan:

There are about 40 million people over 50 in the work force.

Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire. Forty million job openings - Unemployment fixed.

2) They MUST buy a new American CAR. Forty million cars ordered - Auto Industry fixed.

3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed.

It can't get any easier than that!

If more money is needed, have all members of Congress and their constituents pay their taxes...

[Mendoza Line]

damn! that's good! nice find, greekster!

would be ahelluvalot cheaper than a lot of other plans!

[snapdad]

Sounds like a good plan, but where is the 40 trillion dollars going to come from?

[upinya83]

Originally Posted by snapdad

Sounds like a good plan, but where is the 40 trillion dollars going to come from?

lol

[Mendoza Line]

think you're right

[rjb1816]

yea someone posted this a while ago...mathematics are not some people's strong area i guess

[Mendoza Line]

then again, what's 40 trillion when you're playing with monopoly money?!?! it's the Obama-conomy!

[tigerman19]

you borrow it, just like the rest of it. not sure $1mil gonna be enough to retire on @ 50 though.

[goldengreek]

Originally Posted by snapdad

Sounds like a good plan, but where is the 40 trillion dollars going to come from?

How much have they given and plan to give for the bailout plan -- isnt it close to a trillion ?

[be47320]

this is 40 trillion you are talking about gg, not 1 trillion

[rjb1816]

math hard...me brain hurts

[Jahred]

what is the 40 trillion number based on? 1 mil times the number of eligable actively working canidates for the money?

I think the problem would be that many of the retirment canidates would probably have been rescently layed off, making there be NO job to take over as well as questionable eligability being rescently laid off.

Since the point of it all is to first fix employement this wouldnt work imo.

[Bobtheicon]

A million ain't much for the 50 - 55 year olds that have to wait till 65 to collect their 401Ks; many would be taking a huge cut in salary. Prob most already own their homes too. Plan sucks.

[tigerman19]

Originally Posted by Bobtheicon

A million ain't much for the 50 - 55 year olds that have to wait till 65 to collect their 401Ks; many would be taking a huge cut in salary. Prob most already own their homes too. Plan sucks.

esp. with the recent hits we have all taken on our 401Ks

[uva3021]

wage war on the pacific ocean, that will create jobs immediately