Got a better idea?
Perhaps 60% unemployment and millions out of work, but a strong dollar, is better?
Sheesh.
We will have 60% unemployment and the dollar will be trash in the next year or so.
It is too late for a better idea. This problem has been in the making since FDR. Deal with it. We will have to whether we like it or not.
I do: Subsidize $200 B from Treasury into energy independence including drilling, nuclear, coal and biodiesel. Provide the funds to commercial banks that have demonstrated fiscal responsibility these past five years. Provide $50 B to the Small Business Administration which partners with local banks. SBA helps entrepenuars get the loans, polish business plans and connects them to other angel and VC money. Nice plan eh? Submitted this to the President who read this in March where I flatly stated the only way to avoid depression by 2011 is to invest in energy asset classes which empower everything else we do as a capatalist society. I can tell you there was positive response.
I also advised the President to watch out for Alt-A’s, that irresponsible banks would begin crying out for more lube prior to election and to question Henry Paulson’s motives in how he runs Treasury.
Truth is, more damage was done to this country in 2006-current with this far left House. As many aptly put it in the past, the jellyfish that has become the Republican party has indeed lost there conservative backbones and common sense. If the Republican party was that of old, you would see fists flying on the Hill. That is what indeed it may take at some point...
Forcing them to do the jobs that Americans won't do?