How can the president make good used of the stimulus package

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By Coolbreezing


THE STIMULUS PACKAGE
THE STIMULUS PACKAGE

What is your suggestion for the president.

 

Knowing that we live in a country that is diverse, where most of our citizens are derivatives of different countries, create strength and at the same time caused a disadvantage for our economy. It's a disadvantage in the sense that it adds to capital flight. Americans & legal immigrants send millions of dollars to foreign countries every year. And on top of that, some corporations add to capital flights by outsourcing jobs to other countries. The profit that corporation makes here is used to pay workers in foreign countries and as a consequence of this effect, adds to capital flight. In a sense, it's a domino effect because by stimulating our economy, we have also stimulating the world economy. That stimulus money will eventual suck out of this country by way of capital flight which can then brings us back to square one. How we keep this stimulus money circulating within our economy is the big task the president has yet to prove.

 

In most Jewish communities, it has been said, before a dollar can be exited into other environments; it must circulate 17 times within the Jewish community. I would like to see the president incorporate a strategy to help keep that stimulus money circulating within this country and by doing so invest in American business that focuses on export. Investing in our infrastructure is good but we must also invest in American businesses that produced products from war materials. In some way, the president will have to create a platform for us to become a Jew. What I mean, is that we need to support our economy by buying products that are made in USA. Concentrate in creating products that are competitive to that of foreigners. One can be as patriotic as he wants but if a product holds no true quality, regardless of where it is made, no one will buy it. It’s a global economy; we must begin to think of the world as one because obviously when we get a cold other countries catch the flue.

 

More importantly, we must honor the credit crunch while the banks slowly make credit available to the masses. Yes, I know it's important for us to open back the credit so that people can take loans to buy and keep the economy moving again. But we must also remember that its loans & credits that got us in this predicament. We should then change the way we manage our money. Budget with what we have now instead of money that doesn’t exist. It would be better for us if we could have made a commitment to ease on credit. Credit is a false reality of wealth; wealth is what you have left after debiting what you owed from what you had. If every citizens make a sacrifice to budget within limit, without adding on to debt, it would signify a change. And that change is the change we seek; we would eventually realize that the material life is worthless and over valued at most times.

 

The fact that both, inflation and deflation can coexist will caused the dividing factor between middle class & rich folks to widen and as a consequence shrinking the middle class. As we inflate the economy by printing new money, we must also slow down on loans & credits. As far as I’m concern, only three types of loans should be granted by the government and banks, and those are: College, Business and Mortgage loans. There could be more, I’m not too sure but if the loan is not contributing to wealth creation, then it's not advantageous to us. We should learn to manage risk by weighing opportunities with weakness & threats. It's only then we can know for sure if the loan we take will create opportunity for wealth creation. We can also find new ways to reduced capital flight but to do that would require that we invest in business that profited from export as oppose to imports. Globalization is taking advantage of us, we need to produce, create new manufacturing jobs. Too many of us want to seat behind a desk and type; we need more skillful dirty hands on the field of hard labor. Blue color work is the foundation of building blocks of all nations which creates opportunity for the citizens it serves.

 

 

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