The financial crisis could have easily been averted. (Rush Limbaugh, unemployment, solutions)

[roysoldboy]

However, then Rahm Emanuel wouldn't have had his glorious crisis to work with.

I think that a person in Florida may have the answer and could have saved us from some really stupid laws. Here is what he suggested.

>There's about 40 million people over 50 in the work force.
Pay them $1 million apiece 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.

It could have been so easy without Friday's ex post facto law the House passed and violated the Constitution with.

Now all you lefties get out your calculators and let out with one great big howl about how much that would cost. You know like over $1 trillion for the first bailout that DID NOT work, at all.

[Cosmic]

This financial mess could have been easily avoided by just making a rule that prevented being able to resell the mortgages.

If the clowns that wrote all that paper had to hold and service it for a period, then they would have been stuck with the mess of their own making.

Pretty easy not to care what you do if you can make money and pass off the risk to somebody else, especially when the Greater Fool is there to buy it.

Make a holding period on mortgages so the guy that writes them must assume the risk. Something in the years, like 5 or 10 years.

That fix would have cost pretty close to nothing. Probably would not have any bad paper, least that we the People would have to bail out.

[EinsteinsGhost]

Originally Posted by roysoldboy

I think that a person in Florida may have the answer and could have saved us from some really stupid laws. Here is what he suggested.

>There's about 40 million people over 50 in the work force.
Pay them $1 million apiece severance with stipulations...
Now all you lefties get out your calculators and let out with one great big howl about how much that would cost. You know like over $1 trillion for the first bailout that DID NOT work, at all.

One doesn't need a calculator to see the ridiculousness of this proposal, and I'm not talking about redistributing wealth to a select few. IIRC, this idea was first put forth by the genius that is Rush Limbaugh and has been repeated a few times since.

They don't realize that their attempt to look like a genius makes them look utterly clueless. To put that in perspective, those that have passed judgment that $1T bail out was huge, are now promoting a $40T plan. Nice! (Hint: 1 million-million = 1 trillion).

so you think (for whatever personal/political reasoning you may have) $1T failed and are promoting this insane $40T plan from someone. (Hint: 1 million-million = 1 trillion... no calculator needed for that one).

[harborlady]

Originally Posted by EinsteinsGhost

One doesn't need a calculator to see the ridiculousness of this proposal, and I'm not talking about redistributing the wealth to a select few. IIRC, this idea was first put forth by the genius that is Rush Limbaugh and has been repeated since. Little do they realize how little thought they put together for their ideas. To put that in perspective, so you think (for whatever personal/political reasoning you may have) $1T failed and are promoting this insane $40T plan from someone. (Hint: 1 million-million = 1 trillion).

Design a system that even a fool can use, and only a fool will use it. Limberger math

Cosmic dude I'm with you... it should never been allowed to be, but here we are trying not to be global deadbeats on a bad check written by neoconservative ideology. Haven't got the sense god gave geese.

[songgirl]

Originally Posted by EinsteinsGhost

One doesn't need a calculator to see the ridiculousness of this proposal, and I'm not talking about redistributing wealth to a select few. IIRC, this idea was first put forth by the genius that is Rush Limbaugh and has been repeated a few times since.

They don't realize that their attempt to look like a genius makes them look utterly clueless. To put that in perspective, those that have passed judgment that $1T bail out was huge, are now promoting a $40T plan. Nice! (Hint: 1 million-million = 1 trillion).

so you think (for whatever personal/political reasoning you may have) $1T failed and are promoting this insane $40T plan from someone. (Hint: 1 million-million = 1 trillion... no calculator needed for that one).

Lesson to be learned here= stop listening to right-wing entertainers for serious solutions.