The Prosperity Mandate: A Sustainable Economic Recovery Plan

Just released via PRWeb:

The Prosperity Mandate (a non-profit, information only group) has launched a national campaign calling for a sustainable and renewable national monetary policy. TPM is asking every citizen in America to tell President Obama: “I want to invest in America.” A current day version of FDR’s War Bonds, the FundAmerica plan provides a new source of $2.5 Trillion and: Is Budget Neutral, Does NOT Raise Taxes, Requires No More Debt and, Is Sustainable and Renewable.

Portland, OR (PRWEB) May 8, 2009 — The Prosperity Mandate (a non-profit, information only group) has launched a national campaign calling for a sustainable and renewable national monetary policy. TPM is asking every citizen in America to tell President Obama: “I want to invest in America.”

“The greatest resource and the greatest net worth in America is in US - the citizens.” says TPM founder Neal Katz. “Collectively we hold more power and more money than even our government. It is time to tap our greatest reserves: Mr. Obama - I want to invest in America.”

Read the release here via PRWeb then take the simple action on the main site and please pass it on…

Finally, A Sustainable National Monetary Policy: ‘I Want to Invest in America’

Tags: economic recovery plan, Fund America, green monetary policy, sustainable economic recovery

The Prosperity Mandate information only group has launched a national campaign calling for a sustainable and renewable national monetary policy.  TPM is asking every citizen in America to tell President Obama:  “I want to invest in America.”

I WANT TO INVEST IN AMERICA!

I want to invest in America.  I want protection and incentives for my money.  I want a FundAmerica plan.   President Obama:  I want to invest in America!

Faced with the dilemma of financing WWII President Franklin D. Roosevelt received adamant advice to raise taxes and introduce a forced savings program.  Instead, FDR wisely followed the advice of Secretary of the Treasury Henry Morgentthau, JR., who working with Peter Odegard, a political scientist specialized in motivating masses (read propaganda) created the War Advertising Council.  The result was a whopping $187.5 Billion ($2.5+ Trillion dollars adjusted for inflation into 2009 dollars) to fund the war effort.  Just as important as the money, the War Bonds became a rallying cry for the public to express its patriotism, follow its iconic leaders’ calls for action, and allowed for 85 million Americans to actively participate in the War effort. Continue Reading »

Tags: Economic Recovery, FundAmerica plan, invest in America, war bonds

Creating leverage (at a cost to every tax payer alive and to be born in the next several decades) to inflate the price of the toxic assets, excuse me - “legacy loans” is certainly maddening and perhaps madness. I thought the point was to deal with the real issues, not prop up some balance sheets based on ridiculous access to leveraged loans.

Oh wait, that is EXACTLY how we got into this mess int the first place. Isn’t it time for some new concept or thought? Wouldn’t it be nice to fund the Banks with $1 Trillion in DEPOSITS that are mandated to loan into the economy for job creating projects?

Wouldn’t be even better if the entire $1 Trillion came from the public (individual, corporate, and retirement funds sector) without a single dollar - that’s right not $1.00 of direct government funding. There exists a detailed plan and Tax Initiative Proposal that accomplishes all that and much more. If you want to really help solve the current economic crisis and build a sustainable and renewable funding of expanding economy, then get involved and Fax the White House asking them to take a serious look at this Budget Neutral proposal that creates 6 Million jobs in the next 30 months.

Tags: economic recovery plan, job creation

Comment just posted on Huffingtonpost.com

Creating leverage (at a  cost to every tax payer alive and to be born in the next several decades)  to inflate the price of the toxic assets, excuse me - “legacy loans” is certainly maddening and perhaps madness.  I thought the point was to deal with the real issues, not prop up some balance sheets based on ridiculous access to leveraged loans. Oh wait, that is EXACTLY how we got into this mess int the first place.

Isn’t it time for some new concept or thought?

Wouldn’t it be nice to fund the Banks with $1 Trillion in DEPOSITS that are mandated to loan into the economy for job creating projects?
Wouldn’t be even better if the entire $1 Trillion came from the public (individual, corporate, and retirement funds sector) without a single dollar - that’s right not $1.00 of direct government funding.

There exists a detailed plan and Tax Initiative Proposal that accomplishes all that and much more.  If you want to really help solve the current economic crisis and build a sustainable and renewable funding of expanding economy, then click onto:

http://www.theprosperitymandate.org

Get involved and Fax the White House asking them to take a serious look at this Budget Neutral proposal that creates 6 Million jobs in the next 30 months.

Tags: economic recovery plan, job creation, new monetary policy

Barack Obama ascended to the Office of the President of the United States due to his incredible perseverance - and BRILLIANT INNOVATION.  Having secured the highest office the focus has now shifted to creating a sustainable economic recovery.  The number one question growing in intensity, volume and magnitude is - How are you going to fund all these wonderful agendas?

Look to the history of the election.  Thinking “outside the box” Team Obama went to the least likely and most underrated source for funding, a populous movement based on small (by traditional political contribution standards almost miniscule) contributions by millions of donors.  This brilliant innovation provided for an involvement and co-ownership of the process that set a new bar for campaigns.  Now is the time to apply this same brilliant innovation to a new monetary policy that funds a sustainable economic recovery and beyond.  This would also address the question, “Mr. President, what are you asking the American public to do”? Continue Reading »

Tags: brilliant innovation, green economy, new monetary policy, Obama Administration, sustainable economic recovery, US Tax Code

Does it seem odd that as a nation, we need to turn to a notorious bank robber (or at least the quote attributed to him) to find the answer and key to a sustainable economic recovery?

When asked why he robs banks, Willie Sutton, famed bank robber, replied, “Well, that is where the money is!”  This quote has become a shorthand reference applied from engineering to business models.  The message is to first look for the OBVIOUS solution, and worry about more complex ones later.

Where is the money? In the United States there is currently (approximately) $4 Trillion sitting in Money Market Funds and another $65+ Trillion in diverse forms of Net Worth.   Perhaps it is time for the Obama Administration to take advice from Willie Sutton - Tap into where the money is! Continue Reading »

Tags: current, Economic Crisis, economic recovery plan, economic stimulus, Fund America, job creation, new monetary policy

Thank goodness someone of the stature and sophistication of John K. Galbraith is identifying the terrible short fall of the current plans for an economic recovery.  Although he is not yet familiar with our program, he has essentially identified and is calling for a Monetary Policy as set forth by The Prosperity Mandate.

Read his article at:
http://www.washingtonmonthly.com/features/2009/0903.galbraith.html

and then take action on this site to ask your President, Senator, and Representative to study the Monetary Policy for a sustainable and renewable economic recovery.

Except from his excellent article:

Barack Obama’s presidency began in hope and goodwill, but its test will be its success or failure on the economics. Did the president and his team correctly diagnose the problem? Did they act with sufficient imagination and force? And did they prevail against the political obstacles—and not only that, but also against the procedures and the habits of thought to which official Washington is addicted?

The president has an economic program. But there is, so far, no clear statement of the thinking behind that program, and there may not be one, until the first report of the new Council of Economic Advisers appears next year. We therefore resort to what we know about the economists: the chair of the National Economic Council, Lawrence Summers; the CEA chair, Christina Romer; the budget director, Peter Orszag; and their titular head, Treasury Secretary Timothy Geithner. This is plainly a capable, close-knit group, acting with energy and commitment. Deficiencies of their program cannot, therefore, be blamed on incompetence. Rather, if deficiencies exist, they probably result from their shared background and creed—in short, from the limitations of their ideas.

Tags: Economic Recovery, economic stimulus, John Kenneth Galbraith, new monetary policy, recovery plan

Here is the missing piece to the Obama recovery plan and stimulus package: rocket fuel for the economic engine.  Fund America as proposed by The Prosperity Mandate creates 5 Million jobs in 18 months.  This plan provides for $1 Trillion cash infusion into the banking system and on into the economy with NOT $1.00 of direct government funding.  The Fund America plan is budget neutral and is the first sustainable and renewable stimulus plan ever!

Continue Reading »

Tags: capital gains, economic recovery plan, stimulus, tax credit

These questions were asked in the popular forum Daily KOS

This plan is talking about funding the stimulus through bonds. They are just using different words.

Neal: The common thread (I was about to say bond!) between Bank CDs and Corporate or Municipal Bonds is that they are both classified as Debt Instruments. I am not sure why the semantics are the primary focus.

Continue Reading »

Tags: current economic crisis, economic stimulus, green monetary policy, job creation, recovery plan

From an email exchange with TPM founder Neal Katz:

A few people have asked me what I think of the Prosperity Mandate, so I spent a little while looking into it and thought I would give you my impressions directly.

Frankly, I am highly skeptical of the proposal.  Though I haven’t read it in exhaustive detail (and don’t expect to be able to spend a lot of time on it), there are very many moving parts that would need to come together, and even if implemented, with no assurance they could be built quickly to scale.   The complexity is actually very high.  Too high, I believe.  As a former entrepreneur and venture capitalist, I learned to be very leery of deals that require many key things to come together to work because there are too many potential points of failure (ie high risk that is hard to mitigate) and it is hard to truly evaluate all the interactions and how they will play out.

NEAL: I can’t imagine a National Monetary Policy that would get us out of our current economic crisis not being fairly ‘complicated with a lot of moving parts’.  Seriously, can you?  If so, I would like to see how.

Continue Reading »

Tags: Economic Crisis, economic stimulus, Fund America, National Fiscal Policy, Prosperity Mandate, recovery plan