There is only one way out of this recession/depression:

SPEND OUR WAY OUT.

Instead of sending billions to corporations/banks, etc.---the government needs to put BIG money in the hands of the poor and middle class---say $10,000 per taxpayer making under $75,000.00 a year.

Let's say the auto industry receives $25 billion. What will they do? Make more cars that no one can buy? How will that help? Put the kind of money I suggest into the hands of the poor and middle class (the rich will just bank it) and they will spend it. That kind of money will purchase cars, and pay for college, and buy a lot of stuff, that will require the hiring of people to make the stuff.

Do this, and you will see the economy take off like a rocket. Don't spend our way out, and we will be in depression soon, and for a long, long time to come.

To hell with the debt and deficit right now. This is an emergency.

They're going to shut down their plants. If we gave the money to consumers, they'd buy more cars and everyone would win.

We need the credit market shored up, so that the banks will lend, which means that the government needs to declare all credit default swaps null and void, too.

He says we need majory infrastructure spending, upwards of $700 billion per year that creates jobs and invests in green technology. Can't make the same mistake Hoover made and try to cut spending, it has been proven.not.to.work.

the people spending on goods---especially those goods made in the USA. They can't do that unless they have money in their hands. JOBS and a one time 2 trillion dollar stimulus to the poor and middle class.

Plus, the government needs to bring back the estate tax, too...and, windfall profits taxes on certain industries.

millionaires and at a cost of only 300,000,000.00. One third of a billion dollars and we are all sitting pretty.

1 million times 300 million is 300,000,000,000,000, or 300 trillion.---Not a third of a billion, which is only 300 million. $1 per 300 million is 300 million.

"Deregulation" is a code word for making crimes legal. Today was a good start, the former head of Nasdaq was arrested for an estimated $50 billion fraud. Now the (R)s who voted against Americans should be arrested for economic treason.

have used up every single weapon in their tiny arsenal and had it all fail.

Only then will they get their asses out of the way so that the Keynesians can fix this mess.

if they are buying big screen TVs or many of the other consumer products made overseas.

The government does need to make massive expenditures in infrastructure and other domestic projects, like low income housing, that will generate jobs.

Spending is not the issue, jobs is. Only spending that will result in American jobs will have a positive impact.


The federal government should put billions into financing city, county and state agencies into buying hybrid cars/trucks for its fleet. It would fill the factories and reduce the use of gas.

It will help China for a while, but we will not be helped by it. American jobs are the only way to save the American economy.

however, we must not forget that this economy is global. Still, the only way out of the mess is to spend our way out. Whether it's the government spending on infrastructure, or the people spending on goods, or, most likely, both.

If we're talking about trying to keep money inside the US, then I think the best way to do that is to make employees into owners, the owners of the means of production. In each labor co-op, since the employees are the owners, they would have a vested interest in not out-sourcing their very own jobs, and they would have a vested interest in attempting to provide goods and services at reasonable prices. They'd have to. It's their paycheck on the line. We're talking about housing co-ops, farm co-ops, manufacturing co-ops, retail co-ops, up to even entire self-contained communes that produce multiple products and services.

Sure, if a person gets a check for 10,000, it may not be enough to purchase the equipment and goods needed to open, say, a mini-mart, but if you got five or ten workers together each having 10,000, you're talking between 50,000 to 100,000 as seed money to start a co-op.

:thumbsup:

Mr Gray already sent this idea to the Obama site. Maybe if we all do that.....

keep the duck. :hi:

I may just do that.

Everyone else, send an email to Obama's site about rateye's idea.

The debt and deficit have to be paid off at some point. The longer we wait and the higher we let it go, the worse the pain will be.

There is only one way out of this depression: We need to be grownups and take our medicine now so that our children might have a future.

will help with that goal

closed tax loopholes for the wealthy, raise taxes on the top 10% and make the wealthy take some lumps for doing what they have done to us, we can spend our way out of this and pay down the debt by growing the economy.

and stop spending money we don't have - as a nation and as individuals. It's long past time that we begun to have values that don't include spending money and owning stuff.

houses? Automobiles to get to work? Stuff like that? Are those things the things we need to learn to live without?--I guess that's what you mean by "taking our lumps." Are you volunteering?

People need JOBS. Jobs are created by demand for stuff like houses, roads, automobiles, solar-collectors, schools, computers that make it possible to post to discussion boards, etc.

And who are the debts owed too? Mostly banks and credit agencies. So instead of giving the money to the banks and the credit agencies, give it to the people so they can pay off their debt. The banks/agencies get the money and the people get out of debt. It's a win-win situation.