Bank of Canada Governor says US economy will never recover.

[David Newman]

Originally Posted by David Newman
Do I have dictator like control?

I'd do this:

Job bank providing unlimited 8-9.00/hr jobs for anyone who wants to work.

Hired by the government? To do what?

Would you like a personal assistant to take care of your household? Do you want your lawn mowed? Maybe you have a project at home that needs to be completed, kitchen remodel? The message is that there is infinite capacity to add jobs to the economy. As soon as those people have jobs and make money, they will add to aggregate demand and stimulate private sector growth, when the private sector grows, they'll hire people to satisfy the demand generated.

Indefinite FICA moratorium

Then, how do you pay for the above?

No need to worry until we approach full employment and when we do, not only are most of the issues taken care of by attaining full employment, but our primary concern will be shifted on how to slow the economy down. You reinstate FICA, and preferably, make the percentge float like an interest rate to control the economy.

Totally revamped health care system providing anyone over 18 with 5k per year to spend on medical expenses. The unused balance is given to people to use how they wish. Anything above 5k is handled by Medicare/Medicaid. Kids under 18 are covered by Medicare/Medicaid.

Interesting.

Take the burden of healthcare of of businesses.

Now, that is a good point. I've said this myself, concerning "Single Payer"?

Id run a large ad campaign to educate the public on our monetary system.

Good luck. This is the same public that still thinks throwing more money at the super-rich creates jobs and mailing checks to Pat Robertson will prevent earthquakes that are caused by sodomy.

That's the rub, isn't it? It would be a country wide re-education process and I'd start with Congress.

Make states play on a level playing field to encourage companies to establish roots in the community to curtail our countries race to the bottom.

You must be from Michigan.

More to come...

I am and with any luck, I always will be. Our government should be about serving public purpose and letting the race to the bottom continue doesn't help the country.

Most of my ideas are blatantly stolen from Warren Mosler with some very slight tweaking.

[BlueStreak]

Originally Posted by David Newman

I am and with any luck, I always will be. Our government should be about serving public purpose and letting the race to the bottom continue doesn't help the country.

Most of my ideas are blatantly stolen from Warren Mosler with some very slight tweaking.

My comment about Michigan was tongue in cheek. Former Ohioan myself. Ended up in VA after a four year stint in the Navy. (Have relatives here. + I like being near the ocean.)

Anyways, I am in agreement with your "race to the bottom" statement. Don't see how allowing our heavy industry go down the toilet and replacing it with high unemployment and low wage service jobs is supposed to be anything but bad.

Unless you're an employer, of course...................

But, not even then, if you think it all of the way through. (Someone has to be able to buy the goods and services. Wouldn't you think?)

Dave