Think BIG! $700B is just a patch
October 4, 2008 in Marketing, corporate america, middle management
Tags: 2008, 700b, bailout, barack obama, biden, collapse, democract, economics, election, finance, joe biden, mccain, mortgage, palin, politics, sara palin, sarah palin
Some quick back of the napkin math indicates that the $700B bailout is just a patch. Couple the bailout and the latest meltdown has caused the government to pump in just under a trillion dollars thanks to the mortgage input already of $250B. I actually think a the presidential candidates should think a little bigger, a little farther out and help setup an infrastructure which is green friendly, support an information economy and provides “bridge” projects/employment for the masses which will allow for a skills catch up in the population. I suspect there is about another $1.5-2.25 trillion in excess in the market, so why not invest in people. The new deal helped unify the country and bring new skills to the general population, that just might be what we need. Detailed rant can be found here, but the abridged version is below:
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