Reviving the Economy - My way
Dont mind...but I think Mr. Barack Obama is doing a stupid mistake, just like his predecessor G.W Bush, by going in for a stimulus package. According to me this would not help the current ailing american economy. $815 billion is roughly equal to american consumers (maximum) monthly spending, and hence if the economy does not revive it would last for only a month. What Mr. Obama has to do is to make the money flow in the economy like earlier days. Being a capatalist economy, the US cannot survive without its citizens spending money. So how do we make people spend in this pitiful economy? I have an idea...read on Il'll like to talk about a 2 step approach, based on the type of consumer: 1st the american salaried worker: For all the currently employed workforce, excluding the ones that unfortunately lost their jobs because of the recent turmoil; the salaries have to be paid in 2 sections. Let me take an example: If Mr. Bob is employed and earns $3000 a month (take home), he would be p...