What a genius!

What an ingenious idea! This appeared in the St. Petersburg Times Newspaper yesterday. TheBusiness Section had asked readers all week for ideas on "HOW WOULD YOU FIX THE ECONOMY?" This man nailed it. Dear Mr. President, Patriotic retirement: There's about 40 million people over 50 years old in the work force - pay them $1 million apiece severance with the following 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. Like I have been saying, they are bailing out the wrong people. We can modify this solution and it would not cost that much. And the govt will definitely be returned to power in the next GE.


Anonymous said...


Please be patient, give the Job Credit Scheme time to bear fruit.

The Scheme, though not from 'genius' is from a small group of talents helping the super-talents.

Though it is not guaranteed to produce miracle, it is claimed that it(JCS) will be effective.


Anonymous said...

Thats not a bad idea: i bet its feasible even if the sum is $50,000-100,000 and the age raise to 55. compared to the billions paper lost, this might actually do something useful. In fact the gahmen dun even have to credit the amount. Can even issue it as "vouchers" to purchase stuff at NTUC or "credit" to housing loans, or even simply go into the CPF. by subsidizing the elderly's expenses = increasing the younger generation expenditure.

Anonymous said...

Geez, recheck your maths.

40 million ppl x $1 mil = $40 trillion

redbean said...

hi anonymous,

you are right in the numbers. but that guy was making a tongue in cheek statement. $50k or $100k would be more affordable.

his point is to help the people rather than the banks and the people who caused the problem. or like helping the thieves and crooks.