The Prosperity Mandate: A Sustainable Economic Recovery Plan

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

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

The following letter was sent via USPS mail to President Obama this morning. Please read and add your comments below. If you wish to support our efforts to get this message to Congress and the President, please sign our petition. By signing, you are not endorsing every aspect, only asking that these ideas be considered as a creative solution to a difficult problem.

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Tags: economic recovery plan, job creation, obama, obama speech, Stimulus Plan

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.

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

The current economic crisis is accelerating.  It is time to take a hard look at what economic stimulus creates jobs and what does not!

The facts are alarming.  Initial jobless claims last month rose to 626,000, a 26-year high, according to the Labor Department. The number of claims by people continuing to apply for unemployment benefits reached a new record of nearly 4.8 million, by the end of 2009 unemployment claimants could exceed 10 Million Americans.

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Tags: economic stimulus, employment creation, Fund America, job creation, US Tax Code