Obama's Foreclosure Plan

Many Americans want to know one simple thing… Where is OUR Bailout?

Banks have been give BILLIONS by the Fed (that would yours and my tax money btw), and yet they still won’t not loan money or cut back on the credit requirements, even for those of us with good credit! To Top it all off President Obama signaled last week that he will need even more money to bail out the failing financial industry. Even he admits… some banks just won’t make it.

So, what’s the fix for the Rest of the US Citizens?

The foreclosure prevention plan to help homeowners, as well as additional steps to shore up the financial sector are not yet taking any hold in the public market, and many economists no longer expect the second half of the $700 billion, which Congress recently approved, to be enough to fix the ailing financial sector.

The Nations Auto Industry is on the verge of collapse, which will have an impact that is far to expanse to even estimate, but several have come in at the loss of more than 150,000 blue collar jobs, once the trickle effect makes its way to all of the different industries the car makers rely on for parts, materials, etc. That’s not even considering the 3500 new car dealers and employees around the USA that are going to suffer!

I Have a Solution for the Failing US Economy

Lets face it… the ONLY thing that is going to help Banks, the Auto Industry, Local Retailers, and every Mom and Pop company in our Country… is going to involve people spending money! We are not refered to as “Consumers” for nothing… the problem right now is that nobody is Consuming!

Whether they are out of work, or just hoarding their cash reserves, Citizens of the USA are no longer running to the store and buying stuff. When we don’t buy stuff… the stores end up laying people off, the manufacturers lay people off, since there is no longer demand (remember supply and demand in high school?) and the brutal cycle of failure begins.

1. People Stop Spending (regardless of the reason)
2. Stores Lay People off due to low demand (Which brings those laid off people to step #1 again)
3. Manufacturers Stop Manufacturing – due to low demand, which leads to laying workers off!
4. People, Businesses, and Manufacturers start defaulting on loans, since #1, #2 and #3
5. Banks get in trouble! (#1 – #4) Guess what they do… they lay people off!
6. As more and more are laid off – the Fed and States, begin losing tax revenue
7. As homes are lost, Property taxes are not paid…
8. You can insert ANY AVENUE that helps fund our Country and economy in this area, and its already happened!

This entire snowball economic nightmare is where we are at right now and until #1 can be reversed, it will never change – Period!

Spread the Stimulus to the People Who are Likely to Spend it!

If you want to fix the US and ultimately, the World Economy, take the 8.5 TRILLION DOLLARS of bailout money that is being spent (Sum of all bailouts thus far funded or on the table), and spread it out to the consumers! With approximately 115 Million US Households… just send EVERY SINGLE ONE OF THEM a check for:  $73,913 Dollars!

$8,500,000,000,000 divided by 115,000,000 households = $73,913 each!

I can GUARANTEE – that will correct EVERYTHING!

• It will get spent on cars  – helps the auto industry, creates and saves jobs!
• It will be spent on houses – helps the banks, creates many thousands of local jobs in EVERY area of america!
• it will be spent on every single consumer product you can imagine – this saves many businesses and again, creates and saves more jobs!

An IMMEDIATE reverse cycle of the one listed above happens!