A Simple Policy to Aid Our Ailing Economy

[Chris H]

Friends,

First, let me say I know I'm verbose, but when you have 5 minutes please read this in entirety.

Like you, I sit here in disgust watching these incompetent morons we call our government representatives, bamboozle their way through useless solutions to our current economic crisis.

Frankly, I'm tired of seeing my good friends loose jobs, houses, and business's while our idiots in Washington have NO PLAN that makes any sense. As evidence to support my statement witness the stock market that continues to plummet. This tells me that "the money" sees no light at the end of the tunnel for the economy based on the plans and policies articulated by our misrepresentatives in government to end this depression we're in.

We are being burdened by a federal deficit of historic proportions, and yet, IMHO, there is not one proposal laid out that will get this economy moving in the right direction. NOW. Fed spending is out of control, yet as business people, nothing is being proposed by these idiots to provide an economic light at the end of the tunnel for us.


I'm so outraged by the lack of a good plan that for the first time in my life, I've taken to emailing my government representatives with a simple policy suggestion outlined below that will help get the economy moving again.

Dear Senator,

I would like you to propose the following simple policy recommendation designed to get the economy quickly moving in the right direction.


This simple and ZERO taxpayer funded solution accomplish the following when initiated: First, it will get consumers spending again. Second, the policy stabilizes the continuing downward spiral of home prices. Third, my policy suggestion assists lending institutions by helping them to achieve healthier balance sheets. Fourth, it DOES NOT contribute to an out-of-control federal deficit. Fifth, the policy places NO BURDEN on an already burdened taxpayer. Last, the legislator that pushes this simple policy forward to fruition will be perceived as having the true interests of their constituents in mind, thereby gaining significant political clout in the process.


My policy suggestion is this. Any bank that has received or will receive monetary aid from the federal government agrees to provide 30 year mortgages to qualified applicants at a rate of 4% APR. 15 year mortgages will be 3.5%.


This will stimulate new home buying, which then begins the process of stabilizing the downward pricing spiral currently in real estate. For homeowners refinancing an existing mortgage at the new rate, this creates many hundreds of dollars per month in mortgage payment savings, which in turn will go into the economy as spending and personal debt reduction. Debt reduction, in turn, assists lending institutions to have a healthier balance sheets.


I don't think for a second that the policy outlined above would repair the mess that we're in. But it would be the only policy announced thus far that would create a positive impact in 2 months with no cost to us.


If you agree with my thoughts I encourage you to cut and paste the letter and email it to the state senator that represents you in federal government. Feel free to send this off to your friends.



The solution outlined above leaves little room for bribery in the form of political "contributions" by special interest groups. Therefore I would not expect any of our misrepresentatives to actually move this policy forward to help stop our economic bleeding, unless you send this off to your friends, and they do the same. Imagine 100's or 1000's of emails sent from around the USA requesting this simple policy enactment.



For my California friends, our Senators contact information is below.



feinstein.senate.gov/public/index.cfm?FuseAction=ContactUs.EmailMe

boxer.senate.gov/contact/email/policy.cfm


www.whitehouse.gov/contact/


Last, if you think this is a hair brained scheme feel free to let me know, I'm thick skinned.

[kingmarki]

Greetings Chris,

Thank you for the post. It is refreshing to see someone suggest an idea that might actually accomplish something, anything for that matter. I personally don't know if what you have suggested would make a big difference in our ailing economy, but I certainly think it could not hurt. I say I don't know that it would help just because I don't know enough about the economy that I could formulate a fair and reasonable opinion. I certainly don't think it is a "hair brained scheme" however you look at it. I do, like you, find it hard to believe that any politician would be too keen on the idea as it seems that there is a lack of profit motive for one who might otherwise be inclined.

The specific reason I write a response to your post is two-fold. First, I like that you have not made it a political party based thing. You seem to be blaming no one political party in particular, just talking about things the way there are. I like the not blaming people angle, and actually making a suggestion instead of just complaining as many do.

Secondly, I love the term "misrepresentatives". It sums up my feelings about the people in Washington regardless of their political affiliation. They keep taking taxes out of my paycheck every month, but I have never been asked how I would like to be represented on any issue in Washington. "Misrepresentatives", an absolutely perfect description of the political corruption that abounds in Washington.

Thank you for the thought provoking post. For that matter, I have really enjoyed a lot of your other posts. Your writing is usually positive and thought provoking and I truly appreciate that.

kingmarki

[Chris H]

Kingmark,

Thank-you, I appreciate your kind thoughts.

I emailed this to friends all over the uSA today, and had 12 responses that confirmed they forwarded to friends, and gov't rep's. A few sent to radio talk show hosts.

There is no point in trying to lay blame on a politician that has an "R" or a "D" behind thier name. They are all dishonest low life creeps that really have a complete contempt for us..the people they supposedly represent. They think we're idiots, while in actuality we're just a complacent society.

There is a socialist agenda that's underlying this ill-conceived plan (scam?) that's being sold to us, and I'll have no part of this.

This budget has 900 earmarks in it, a deficit that is larger than all deficts combined from G. Washington to G.Bush, and NOT ONE plan to get us out of this economic crisis we're in. Yes, the "R's" and the "D's" both voted for this ill-conceived POS.

I don't know about you, but I have guitars and amps to buy, and I can barely afford strings because of the depression we're in.

If you are as tired of this nonsense as I am, do something about it. Send the "Dear Senator" letter to Boxer and Feinstein, and Your district rep, send it to radio talk show hosts, post it on the internet.

We do have the power to affect change if we choose not to wallow in our complanceny, get off our butts and create change. It's up to us.