Stranger Than Fiction?
When I blogged Recession Buster on April 1, it was meant as a joke.
The Obama administration is set to announce a patriotic retirement option for those 50+.
The plan pays the 40 Million Americans in that age group $1 Million, but requires the following:
1) Immediate retirement, thereby creating 40 million job openings -- Unemployment fixed.
2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.
3) They either buy a house or pay off their mortgage - Housing Crisis fixed.
Since then I've seen variations on a couple of those ideas.
The site Save Our Economy offers their Nine point Economic Stimulus and Recovery Plan that includes a One-Year Mortgage Holiday.
The price tag for their plan is approximately $1 trillion in addition to the $700 billion already approved.
The joke idea cost only $40 Million.
Now I read that Iowa Dummycrat CONgressman Bruce Braley offers the Consumer Assistance to Recycle and Save (CARS) Act.
Braley's legislation aims to get vehicles made prior to 2000 off the road with owners trading it in at your local dealership and receive a credit - ranging from $3,000 to $5,000 - to purchase a new car or truck.
Braley doesn't offer a total dollar figure for his plan, but does appropriate such sums as may be necessary to the Secretary of Transportation to enable the Secretary to carry out the Program.
You know with that government speak a ton of cash would be appropriate and the scientific community is united in that fact.
The $40 Million joke still sounds like the best plan yet!