Comments on: Use $20 Billion Wall Street Bonuses to Fund America

By: peterfedrick

peterfedrick — Fri, 06 Mar 2009 11:48:33 +0000

The Leadership will be in the ability to identify the key issue and then pursue its solution with a crystal intensity and focus. That is how real change occurs.
Check out http://theprosperitymandate.org

By: Neal Katz

Neal Katz — Tue, 17 Feb 2009 02:08:18 +0000

Ginny - Thank you for your comments and questions.
1 & 2. The building sector will be supervised and managed by a sub-committee of the Board of Advisers - most likely headed by the esteemed philanthropist Eli Broad who has probably built more homes than anyone else in history. The actual building would be done by groups like Habitat for Humanity or like kind, who are not in it for the profit.
Regarding CRA - IT will be critical to the success of TPM that NONE of the roll out is managed by the government - it is simply not cost or productivity effective. There will be some NGO’s or existing charitable organizations, or for profit construction companies (on the infrastructure) that complete in an open bidding full disclosure process.
Hope that addresses your questions, if you want further clarification , please ask.

By: Neal Katz

Neal Katz — Tue, 17 Feb 2009 02:00:55 +0000

Matt - We are working on a Petition site and a Facebook Cause page, we will notify you when they are up. There should be a press release through PRWeb tomorrow.

By: matt

matt — Tue, 17 Feb 2009 01:19:34 +0000

this is excellent. if there was form letter of endorsement, and a link to a page that could provide local political congressional representative contact info, there is a real possibility that various grassroots citizens movement would get on board.

By: Ginny

Ginny — Sun, 08 Feb 2009 23:54:11 +0000

Yes, this alternative economic recovery policy is what we need!
My questions and comments are:
1.Will the Benefactors, Leaders, or the FA loan holders drive the specific programs?
2.In regards to the Affordable Housing scenario: “equal to approximately 40% of the completed home’s Fair Market Value.” Does the 40% of market value mortgage or in other words the 60% equity in the home rely on builder’s willingness to lower their profit margin? Will there be a contingency of resale by the original FA loan holder? If so, who will hold this contingency? Is building smaller homes with lower market values possible?
I have had experience with The Community Reinvestment Act (CRA): http://www.ffiec.gov/cra/, and by far the Prosperity Mandate is a superior policy. The CRA includes government funding, costly regulations, and equity contingencies, which is the most complicated process I have ever witnessed. In addition, the contractors involved made a full profit along with free start-up funding.
Even with the above concerns, Neal’s proposal and the way he is approaching its acceptance is right on.
Let me know how I can help!

By: John

John — Sun, 08 Feb 2009 18:30:38 +0000

One of the most hopeful ideas yet in a morass of stale same-old-same-old thinking. A breath of fresh air that could open doors to more creative ideas, and could even work.

By: Liz Marlia-Stein

Liz Marlia-Stein — Sun, 08 Feb 2009 07:01:14 +0000

What a brilliant Economic Recovery plan!! Finally, we have some intelligent thinking!! Let’s act!! Count me in!!