A real stimulus package.

Joined
Sep 18, 2011
Messages
1
Reaction score
0
Points
1
We are spending “billions” of dollars to bail out American industries such as Automotive, Banking, and investments and this is all being done in the name of “Stimulating the American Economy.
While I laud the effort, I believe that there is so much more we can do rather than simply throwing money at the problem. We must take a page out of President Obama’s book and insist that any company accepting assistance conform to a strict set of guidelines similar to the cap on CEO salaries. In fact I believe that the quickest way for the stimulus package to be felt here in the United States is to couple “onshoring” with the bailout.

For years American companies have spent billions of dollars using resources in various other countries for the simple reason that it was cheaper. While this may have added to the company’s bottom line it did nothing for the economy. Tax dollars that would have gone to support our government at all levels were siphoned off and the impact is more severe in that the dollars that would have been spent in the United States are now used to bolster foreign economies.

Some of this is understandable since in many cases the required resources were not available in the United States, however many of these jobs are offshored simply for convince sake. The best example of this are the various call centers that most American Companies use today. It is very unusual to call Customer Support for any large company and not get a foreign sounding person on the other end. The same is true for almost all telemarketers.

This is a travesty. Go into almost any depressed inner city and we have a impressive willing work force that could assume most of these responsibilities with just a little government incentive. And the best part is that for the first time in recent history the government is a position to make this happen. With just this one simple low cost move we would start to pump billions of dollars into our economy while at the same time helping those most in need.

I could easily go on to describe how this could be implemented but I am sure that it will be worked out by the people in office.

But for my part, I urge you to resist passing any “stimulus package” that does not include something in this arena.
 

syrenn

Rookie
Joined
May 10, 2010
Messages
47,839
Reaction score
11,195
Points
0
How about instead of giving the Auto industry the money... they give the people buying the cars the money? The regular people get a car.... it increases demand to the industry.... people work...everyone is happy.

Same for the "green solar" crap. Give the home owners the money to instal solar. The homeowner gets the solar.... the power company gets the surplus...it creates the jobs to manufacture and instal the equipment... everyone is happy.


As to the rest of your post.... If you want your idea of stimulus to work...you will need to get rid of the unions. Great idea giving the inner city people the jobs taken overseas.... but can you pay them the same? Hell... you cant even pay them minimum wage without benefits..with out outrage. The other issue is, so long as welfare is a better deal then working... you will never have people willing to work a low paying job.
 

waltky

Wise ol' monkey
Joined
Feb 6, 2011
Messages
26,211
Reaction score
2,581
Points
275
Location
Okolona, KY
Homeowner help program has limited effect...
:eusa_eh:
$1B homeowner program mainly benefited 3 states
20 Nov.`11 - A $1 billion federal program to help distressed homeowners in much of the country mainly helped people in just three states and very few in some others, government data show.
Almost half the homeowners aided by the Emergency Homeowners' Loan Program are in Pennsylvania, Maryland and Connecticut, based on preliminary figures from the Department of Housing and Urban Development. As previously reported, the program closed to applicants on Sept. 30 with more than half of its $1 billion unspent. Leftover funds return to the U.S. Treasury. Fewer than 12,000 applicants were approved before the program expired, short of the 30,000 target. Funds were allotted for 32 states and Puerto Rico based on population and unemployment. Not only was much money unspent, but what was spent exceeded targets in some states and was well below them in others.

•Pennsylvania, Maryland and Connecticut were initially allotted $179 million, but received $46 million more because they used up their initial funds, HUD spokesman Brian Sullivan says. HUD allowed those states, along with Delaware and Idaho, to run their own programs because they already had similar ones. HUD ran the program for the other states and contracted with housing counseling agencies to process applicants.

•HUD initially expected almost 22,000 homeowners to get help in the other 27 states and Puerto Rico. Only 27% of that goal was reached, preliminary numbers show. Puerto Rico fared best. With funds to help 652 homeowners, it got 468 preliminary approvals, or 72%. South Dakota hit 52% of its maximum allocation.

•In five states — Utah, Iowa, Arkansas, Missouri and North Dakota— less than 10% of the expected number of homeowners received preliminary approvals. North Dakota's allocation allowed for 43 borrowers to get help; just four got preliminary approvals.

•New York state has 458 preliminary approvals — 17% of its maximum allocation for 2,633 loans. Its total will likely go up because a data transmission problem delayed some applications there, Sullivan says.

The program provides up to $50,000 in no-interest loans, which are forgiven if recipients stay in their homes five years. HUD is closing loans now. Final numbers are expected by Jan. 1. If you applied for a loan under the Emergency Homeowners Loan Program, USA TODAY would like to talk to you. Please e-mail: jschmit@usatoday.com

Source
 

Most reactions - Past 7 days

Forum List

Top