There is a lot of debate on how to get the U.S. out of the current financial crisis. The government continue to aid corporations by buying their bad debt with $700 billion of the taxpayers' money, but this actually rewards the very people who got us into this mess. We can add caps to this plan for the people who got into mortgages they could not afford. This plan l helps everyone except for the middle class worker who is struggling to keep his/her job in a very unstable economic environment. One thing we must remember is that the very corporations we are helping are the same corporations that have been outsourcing U.S. works by the thousands for the last 10 years.
Here is my plan. Give the $700 billion to the companies that need it to shore up their balance sheets with at least one important stiplulation. For each $1 million in aid received by a corporation, they must employ 1 U.S. worker. The average salary of all employees added through this plan within each corporation must not be less than $75,000. Under this plan, some workers will get under $75,000, some will get more. This will prevent corporations from hiring low wage workers for each $1 million dollars in aid they receive.
This will help everyone. The corporations will get the aid they need. The people defaulting on their mortgages will have a job that will help them pay their mortgage. The middle class can continue to keep their jobs, spend and in essence create more jobs. The U.S. Federal government will actually see their tax revenue increase from the increased work force. This would stimulate the economy and help to lower the federal debt. The economy would grow and the value of our dollar will increase . Under this plan, approximately 700,000 new workers would be added to the economy. When was the last time an economic recovery plan added 700,000 well paid workers ?
In addition to this plan, the government can add their cap to the amount of relief and limits to CEO compensation. If there are corporations that do not like the plan and want to continue sending workers overseas, that’s fine. Maybe they can get foreign governments to help them.
Please forward this plan to your senator and congressperson.
Thank You.
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1 comment:
Hi Ruth,
Glad to hear you enjoyed the blog. I hope more people read it. I published it because I feel that many people do not realize the fact that highly skilled jobs are leaving the U.S. each day and nobody is doing anything about it.
Feel free to pass along to your friends. The more Americans are informed, the better.
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