[deMolay]

From an e-mail....Patriotic Retirement - This Would Work:

This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on "How Would You Fix the Economy?"
I thought this was the BEST idea.
I think this guy nailed it!

Dear Mr.President,
Patriotic retirement:
There are about 40 million people over 50 in the work force;
pay them $1 million a piece 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.

All this and it's still cheaper than the "bailout".

[Newfie]

oooh, oooh, me first me first......I'm 59, I'll go for a half million!

[hankster]

There are about 40 million people over 50 in the work force;
pay them $1 million a piece 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.

All this and it's still cheaper than the "bailout".[/quote]
----------------------------------------------------
Check your math 40 Million times $1 million = $40 Trillion

[phaster]

From an e-mail....Patriotic Retirement - This Would Work:

This was an article from the St. Petersburg Times Newspaper on Sunday. The Business Section asked readers for ideas on "How Would You Fix the Economy?"
I thought this was the BEST idea.
I think this guy nailed it!

Dear Mr.President,
Patriotic retirement:
There are about 40 million people over 50 in the work force;
pay them $1 million a piece 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.

All this and it's still cheaper than the "bailout".

<pre>
no wonder the world is in so much economic trouble, people have have no basic math skills! Huh did the publishers really post this letter without some kind of snide remark, or did the news paper business secion also miss this very basic math mistake?

40,000,000 people
X 1,000,000
---------------------
40,000,000,000,000 <- 40 trillion which ironically enuf is
a low end estimate of the cost of
credit default swaps

160,000,000 <- 160 million the approximate
AIG bonus to workers trying to
unwind the credit default swap
contracts

700,000,000,000 <- 700 billion (last years bail out)

BTW if anyone really cares, IMHO the little economic problems we are seening now is going to be dwarfed by even bigger problems in the very near future, for example

60,000,000,000,000 <- unfunded costs of medical and medicade
(USA social programs)

see (http://www.pbs.org/wgbh/pages/frontline ... lion/view/) for more info

any questions?

PS actually I have one, in this post I tried to line up the grouping of zeros to try and illustate the difference in thousands, millions, billions, and trillions but the editor takes out all the extra spaces, any idea how to keep the format?

</pre>

[Schmuto]

I got this in an email about 2 weeks ago.

Scared the piss out of me that the morons of the world actually read this and think, "yeah, why don't we just do that? That'd work."

As a side note, I'm 100% against anything that puts a dime in the pocket of any baby boomer - they've received enough and done enough damage. Let 'em ride their free scooters in protest down Independence Ave, but for God's sake, don't give them another dime.