This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on “How Would You Fix the Economy?”
I think this guy nailed it!
There are about 40 million people over 50 in the work force; pay them $1 million a piece severance with stipulations:
1) They leave their jobs. Forty million job openings - Unemployment fixed.
2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.
3) They either buy a house or pay off their mortgage- Housing Crisis fixed.
All this and it’s still cheaper than the “bailout”.
via Bits and Pieces