Letters to the Editor • Economy - Economics USA
May be Simplistic
Banks, large banks can\'t fail but smaller ones can fail and be bought out by stronger banks. Insurance companies can not fail. Auto giants can fail after they have been given a few billion perhaps to be given to the companies that are so eager to buy them.
What would happen if each state in the Union were given a billion dollars that 2/3\'s had to be spent, at one million dollars each, on new business. On Americans that were willing to produce what has been shipped from around the world to American con summers, American made products for Americans!
What would happen if these small business paid enough so the people had health insurance and money to save. Scary thought!
If you understand interest rates, they can be low if the prices, as on homes and cars are high. If the home prices are low interest rates are high. Being we are in an economic war I again being very simple in my thinking suggest the best way to pump a few billion monthly into the American economy is to cut the interest rate by one half on every home loan in the USA.
I also suggest, to Americans only a special bond that doubles every seven years. Only private Americans could buy this bond in amounts from twenty five to a hundred a month. We have to pay for the free credit card the government has we also might as well receive the interest instead of China.
If you are a MiddleAmerican2010 I also would in my simple mind have you consider at the off year elections agreeing upon one or two people to run as Middle Americans. We will with your help pay to put them on the ballot. They can run as hard or not too hard as they want. The point is to show both parties and the out of control feds that the American voter have a choice and there are millions of Americans who are understanding that the strength of America is in the middle Americans, their homes, jobs and power to rule this nation!