Comments on: A Plan For Turning The Economy Around http://www.topfinanceblog.com/a-plan-for-turning-the-economy-around/ Financial News, Information, and Commentary Wed, 08 Feb 2012 02:42:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mitch http://www.topfinanceblog.com/a-plan-for-turning-the-economy-around/comment-page-1/#comment-2252 Mitch Wed, 10 Nov 2010 22:25:07 +0000 http://www.topfinanceblog.com/?p=82#comment-2252 You're probably correct, but still there are positive steps that could help push things in the right direction. You’re probably correct, but still there are positive steps that could help push things in the right direction.

]]> By: HFA http://www.topfinanceblog.com/a-plan-for-turning-the-economy-around/comment-page-1/#comment-2251 HFA Wed, 10 Nov 2010 15:37:03 +0000 http://www.topfinanceblog.com/?p=82#comment-2251 I think that many are listening to politicians and financial people that tell us we can quickly recover from this economic mess that we are in. It took decades of abuse to get us to this point and I think that it will take quite some time to fix it. I think that many are listening to politicians and financial people that tell us we can quickly recover from this economic mess that we are in. It took decades of abuse to get us to this point and I think that it will take quite some time to fix it.
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]]> By: Mitch http://www.topfinanceblog.com/a-plan-for-turning-the-economy-around/comment-page-1/#comment-122 Mitch Thu, 22 Jan 2009 17:58:30 +0000 http://www.topfinanceblog.com/?p=82#comment-122 Wow Mitchell (love the name), those are wonderful! I have to admit that I'm not sure I fully understand your last one as much, although I'd love to have that check. Heck, the government would never give reparations from slavery, and this would be way more expensive, so we both know it would never happen. I've tended to believe that the checks we all got back in, what, 2002, were a mistake because not only did it kill the surplus, but I knew most people wouldn't use it to buy things, which was what President Bush was hoping for. And, with $10,000, I'm betting most of that money would go towards bills than towards buying, so that wouldn't stimulate much either. Great stuff; I hope you comment more often. Thanks. Wow Mitchell (love the name), those are wonderful! I have to admit that I’m not sure I fully understand your last one as much, although I’d love to have that check. Heck, the government would never give reparations from slavery, and this would be way more expensive, so we both know it would never happen. I’ve tended to believe that the checks we all got back in, what, 2002, were a mistake because not only did it kill the surplus, but I knew most people wouldn’t use it to buy things, which was what President Bush was hoping for. And, with $10,000, I’m betting most of that money would go towards bills than towards buying, so that wouldn’t stimulate much either.

Great stuff; I hope you comment more often. Thanks.

]]> By: Mitchell Cogert http://www.topfinanceblog.com/a-plan-for-turning-the-economy-around/comment-page-1/#comment-121 Mitchell Cogert Thu, 22 Jan 2009 16:28:14 +0000 http://www.topfinanceblog.com/?p=82#comment-121 My suggestions are simple: 1. Financial institutions do not receive funds unless it is tied to lending that money out. To date, it's like $$300 billion to help clean up their balance sheets. 2. Financial institutions must provide visibility to their financial mess. How bad is it? 3. End all Credit Default Swaps, until a plan is in place to control, understand it better, and regulate. CDS is the number one cause for the financial meltdown. 4. For every $ given to companies in a bail-out an equal $ is given to consumer households. $700 billion would mean a $10,000 check to every household. That would make a difference--frankly, it should have happened before the Holidays. My suggestions are simple:

1. Financial institutions do not receive funds unless it is tied to lending that money out. To date, it’s like $$300 billion to help clean up their balance sheets.

2. Financial institutions must provide visibility to their financial mess. How bad is it?

3. End all Credit Default Swaps, until a plan is in place to control, understand it better, and regulate. CDS is the number one cause for the financial meltdown.

4. For every $ given to companies in a bail-out an equal $ is given to consumer households. $700 billion would mean a $10,000 check to every household. That would make a difference–frankly, it should have happened before the Holidays.

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