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After hearing Hillary's plan to give $30 Billion to banks to ease their current woes due to the mortgage meltdown, I thought to myself: This does not fix the problem and it is a waste of a lot of money. The banks would be fine (as they are now...crybabies) but the people are still in economic turmoil not being able to afford to purchase anything...let alone the people who own houses and equity in proper mortgages are seeing the value of their houses/nest-egg being depleted.
$30 Billion...that's a lot of coin for a temporary non-solution.
If it were up to me, and I had $30B, this is what I'd do:
Invest in companies like this: www.teslamotors.com and others to create assembly lines for electric cars and here's why:
1. Work to build assembly lines and rehab old car assembly plants that have been shut down for a number of years...not to mention staffing these lines and dealerships etc. creating jobs where needed.
2. New infrastructure at gas stations to supply energy for these cars, which the gov can tax (a little)
3. New school structure for mechanics on how to work on these new cars.
4. Less demand on foreign oil would bring the OPEC price down as the country converts to electric. Also, would mean we wouldn't have to be in constant war in the middle east. No need for oil, no need for war.
5. The environment would be better off.
6. With all these new jobs and new avenues of employment due to a national roll-out of electric cars, more people would have more money to spend within the economy to jumpstart it back up to where it used to be. Imagine people affording their mortgages again. Whatta dream!
On top of this, a complete rehaul of the lending system that made it legal for banks to offer sub-prime mortgages that turned into WAY-above-prime mortgages after the initial period.
Yes, the cars are expensive now but that's is because they are building them by hand one by one. Making an assembly line and offer consumers a gov incentive to buy these cars would make it a LOT cheaper. With the proper funding, they can make a whole line of cars that are both pleasing to the eye and 100% electric.
The majority of layoffs in the country have been in the manufacturing sector and cars, the most red, white, and blue commodity of the last century, is at the top of that list...just look at Detroit (just look past mayor Kilpatrick). We need a new industry of US built, US bought goods that everyone needs to make this country strong again...and we need to do it soon.
Thoughts?
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