The ignorance is breathtaking.
My plan caps all credit card interest rate at 0% for the next year. Thereafter, the credit lenders will be able to charge no more then 10% interest. Banks will stop all foreclosure processes. All the banks will be required to renegotiate their mortgage loan, offering everyone with mortgages (not just those on the verge of foreclosure) a drop in interest rates on their loans. The maximum mortgage rate will be 5%. For everyone.
A great example of a DUmmy having no idea the workings of that which they wish to control.
I guess they think that the money extended on credit falls from the sky because doing this would bankrupt the credit card companies.
The costs of processing,issuing statements....does not happen by ghosts DUmmies.
There are real people doing this work and to pay them their wage the card company must make money over and above what it lends.
The mortgage issue is sillier yet because without credit being based on economic conditions at the moment and the credit worthiness of the applicant we would have more of the same credit issues that got us where we are now.
Without a doubt though this would have a direct benefit to the writer of the OP and that is why they want it.
Secondly, I have increased the amount of spending on infrastructure problems. The nation is backlogged with infrastructure projects that could go immediately forward, if financed. Spreading money to these projects will immediately create jobs and get spending back into the economy.
Make work jobs bills were a vestige of the new deal and finally were given up on because they simply don`t work for any long term.
They can reduce the unemployment numbers for a while and have some short term impact on local economies but the long term problem is that once the project is done then so is the job and what is left is a new public entity that must be maintained by the local tax base.
Once again though I suspect the DUmmy envisions a union scale job that lasts forever so it makes the wish list.
Another key component will be the introduction of my health plan, a plan that will be based on a universal and single payer health CARE plan. The nation's main physicians & nurses unions all support a single payer universal health system. These top economists believe that fixing the nation's economy requires fixing the nation's health care.
In other words there is no real connection between a national growing economy but a desire to solidify a political power base.
So, here is my new emergency economic plan. It keeps all the spending portion of the bill. It cuts all but tax cuts directly to the middle & lower class citizens. It repeals all the Bush tax cuts because the nation needs funding and those who are privileged have a duty to help their nation during severe crisis.
It never ceases to amaze me that these fools believe you can take a punitive action against companies and business people and the only result will be what they wish for...confiscation of their assets to be passed on to them.
In the real world several things actually happen.
If a company no longer can operate profitably and that means with a capital reserve for expansion or upkeep of production facilities it will either cease operation,reduce expenses with employees being in that picture and finally pass the cost of the tax along with the product if the market will allow.
This leads to higher unemployment and inflation with a decrease in revenue to the treasury as the unemployed are no longer sending in money via payroll tax deductions.
Stagflation was what it was called in the 70s when all these policies were in affect.
If course the DUmmy is ignorant of that and just wants to feel like they got even with someone who unfairly has more then they do.
You see DUmmies,conservatives don`t want an economic plan that is geared to benefit themselves directly because such a thing can never be sustainable.
The fact that you even imagine one can be made that will take away all the problems you see yourself is idiotic at best and shamelessly greedy at worst.
Even if such a thing were tried it would still do you fools no real good as you are the very bottom of the barrel now and nothing will raise you from that.
