Between TARP and ARRA over 1.5 trillion dollars have been funneled into the economy in an attempt to right the ship. The ship still remains listing badly and it is still in danger of capsizing. More of the same is not the answer. Doing the same thing over and over again expecting different results is insanity. We need a shot of glasnost and perestroika; openness and new thinking. Something needs to happen to stimulate the economy, to put more purchasing power into the hands of millions of consumers that are now trying to get by on next to nothing, and I have a trillion dollar plan. Let’s give it all away!
Yes, you read that right. Let’s give it all away. I know that this sounds like we are just going to redo what happened the last couple of times while trying to stimulate the economy, but we are going to give it away differently this time. We are going to put on our egalitarian hat and treat everyone as equals this time. Rich or poor, intelligent or challenged, male or female, we are all going to be treated the same. We are going to count heads and distribute accordingly. Right down to every man, woman, and child. Every citizen of the United States will be treated the same for once. No special interest, no lobbyist, just people. One head = one fair portion to do with as you see fit, and not one dime for any corporation!
I’ve even got a way to pay for it that won’t cost us much. We’re just going to print it! Yes, we are going to put our full faith and credit right smack dab into the hands of the people to make good for it. We are going to put it into the hands of those we can trust. This time we are going to put it into the hands of the people and not the hands of our business leaders or the politicians. Many will think I’m just being fanciful or that I’m just plain nuts. What about the value of the dollar? What about inflation? What about the fact that I’m special and therefore should get more that everyone else? My response to these three questions is “I don’t care, I don’t care, and I really don’t care!”
A weaker dollar will help us to export more and to import less. This is a recipe for more jobs for our massive numbers of unemployed and under employed. With all of our current deflationary pressures, i.e. home values tanking and people winding up over/under in their mortgages, with a little extra cash, millions would be able to consider putting some money down on a place and prop up the housing market helping everyone else along the way. Consumer spending would pick up with millions and millions stimulating growth in the consumer markets and allowing capitalism to do its stuff to aid the recovery based on real supply and demand instead of government manufactured supply and demand. And for those who feel mistreated because you didn’t get more that the other guy, well I just feel sorry for you.
Many will say “this can’t be done” for a whole plethora of reasons of which one will be that this plan couldn’t possibly work because it’s just too simple. Sometimes the beauty of something is exactly in its simplicity. A trillion dollars distributed evenly amongst us all would generate roughly $3,000+ for every man, woman, and child. A family of four would get a $12,000+ shot in the arm to take their dollars and to go forth and multiply the value of each dollar as they saw fit. Some might invest. Some might pay down debt. But I can guarantee you that millions of 99ers and the unemployed will spend, spend, spend, because they have such pent up demand and immediate needs that they have no other real option except to spend. And oh, by the way, I’d still pass a Tier 5 unemployment extension to make sure that the 99ers have some support until the economy kicks back into gear!
I do not often allow myself the pleasure of entertaining such grandiose thoughts like what I would do with a trillion dollars, but what we are doing today doesn’t seem to be working all that well in terms of generating an economic recovery. The economy needs fixing. Most economists will agree that we cannot save our way out of this recession, that consumer activity is the key to growth. People without money cannot act as consumers; they can only be a drag on the economy. Before you totally laugh this idea off I ask you to put it in your back pocket and think about it a little. An egalitarian solution that doesn’t add a dime to the deficit may not be as crazy as it sounds!