Ok, so here is the economic plan for the ages. The one that will really stop the downslide we have been in for quite some time!!!! Now, really, it won’t put off the final plunge forever and maybe it isn’t the best plan ever, but then, neither is the one on the table right now and I really think mine is better….
GW should come out tomorrow flanked by tweedle dee and tweedle dumber and also known as Nancy Pelosi and Harry Reid. He should announce to the country that as of midnight LAST night, anything that you were in the process of buying is now yours free and clear. No house debt, no credit card debt nothing. Banks also don’t owe anything. The debt has all been forgiven. Now…what do you think would happen to the markets?? People, with all this extra cash at their disposal would what?? SPEND SPEND SPEND. The stock market would shoot up, car manufacturers would sell, people who couldn’t qualify for a loan because of their debt to income would suddenly be able to buy a home. Eventually, of course, we would be back here but, lets face it, eventually we will be anyway. This is nothing but a band-aid and will not fix anything. Really, the free market answer would be to let it fall. We are NOT suffering from a lack of regulation. Regulation in the first place got us here. Instead of taking more tax payer money, just give them all of their money to spend…then see what happens. HMMMMMMMMMMMMMMMMMMMMMMMM



