My Idea 9/15/10
Economic Recovery /“The American Citizens Recovery Act of 2011”
This is a War Time Act only and limited to twenty four months from date of execution:
In order to fix the economy, and put people back to work, you first must know what is the root cause, to point fingers at the secondary mortgage industry is an illusion. Sure the Democratic Big Government would rather you go there but is it really the truth? Why dose the Democratic Big Government what you to go to the evil mortgage lenders and blame them?
In this short explanation I will cover that, but the main thing is we begin to open our eye’s on this current Nation wide illusion.
So far as the mortgage industry collapse, that was just the result of a few prior events and the ultimate tool to bring down our financial system. The problem is, if we do not stop this current mortgage crisis America could be destroyed us from within and force us into a deeper socialism. It is an Economic War Stupid!!!
The first real signs of the mortgage industry collapse became apparent to me in watching the auto industry. New car sales went to credit worthy buyers and used cars went to secondary market, focus for dealers across the nation went to secondary markets and used cars, faster, easier, and more profits. [This of course] began to drive down the sales of new cars--the beginning of a simple process that happened as well as in the mortgage business. Layoffs and factories began shouting down the tick upward on unemployment was beginning.
Now how did the fire ignite, that is the real issue. Those people that bought (even high risk) were in most cases serious about a new start to their lives and the records proved it, actually surprised the lenders, because 90% paid their loans, and that was substantially higher than they ever forecast or projected.
“ Small Business Attack”
Like this answer or not it was the IRS, and Federal Regulations that began the attacks on the economy, and lead to massive job loss, as we look back, were did all the Small Farmers go, Between 2005 and 2006, the US lost 8,900 farms (a little more than 1 farm per hour).http://www.sustainabletable.org/issues/familyfarms/
This is one example, when you look at the overall attack on farming, you can see the same attack on Small Business, which by the way makes up most of the employment in the US.
The following is just a few statistics I have found, Showing 721,00 business closers and business bankruptcies in 2009, that is approximately 2000 a day. Equaling 1½ per minute. Not one per hr. this alarming and not a joke!!! Small firms:
• Represent 99.7 percent of all employer firms.
• Employ half of all private sector employees.
• Pay 44 percent of total U.S. private payroll.
• Generated 65 percent of net new jobs over the past 17 years.
• Create more than half of the nonfarm private GDP.
• Hire 43 percent of high tech workers (scientists, engineers, computer programmers, and others).
• Are 52 percent home-based and 2 percent franchises.
• Made up 97.5 percent of all identified exporters and produced 31 percent of export value in FY 2008.
• Produce 13 times more patents per employee than large patenting firms.
Source: Office of Advocacy estimates based on data from the U.S. Dept. of Commerce, Census Bureau, and trends from the U.S. Dept. of Labor,
[At first glace and even after years of this occurring] we don't realize the effect of that one Farmer or one Small Business on the larger scale of things, but here is the middle class being wiped out, in most cases that Small Business Owner or Farmer is forced into tax debt.
This is happening on a large scale in every State in the United States. As jobs are lost, homes are foreclosed, they can not refinance, like they used to, because loss of wages at first, then credit rating plummets, and then wider scale property values drop for those that still have a job, but even [these people] are in line for the same process. As this occurs the flames are getting higher, as the better wood begins to burn.
They gave banks the relief, which wasn't the answer. Banks can't lend out money to people that have no job, that have bad credit ratings, [with] over priced properties. What are the Banks to do? They can't lend [to] companies that are in debt to the IRS, [with] books that reflect a spiral downward, and Small Business owners with no positive out look.
I have kept this simple as I can, you guys can still point wherever you want, I will just say 1 farmer an hr, is a family and for every Farmer, there is 8-10 Small Businesses, either gone, cutting back employment, and, at the same time, in debt to IRS, and millions with liens and levies, and the shame of all of this is many of these job creators are the most ambitious an optimistic people we have produced in this country, people who are willing to risk all. Un aware of the depths of the Illegal federal Tax Code 67,000 page’s.
My Idea, Open For Suggestions
“The American Citizens Recovery Act of 2011”
Here is [what I propose as] our solution, and I grant you it is in general as well. Idea's like these need to be legal and practical, and [of course] simple, they can be modified and put into specifics later. The important thing is to grasp the concept, and understand how to fight this attack.
With this Act, the people choosing this path must attend a 3 to 6 month Personnel Finance Class" sorry to say but these classes are not offered at most Universities and Collages( Wonder Why). With a price tag of $800.00 to $1200.00
Upon completion of the course, the citizen is issued a new FICO score, if FICO can not be done . Then I propose a Government backed financial comprehensive plan, A final exam, held at an authorized location, "not internet" After wards the negative credit history of all citizens that participate in this action will be erased and lending judgment prohibited from using credit history suspended for 2 years on any and all citizens.
A Part of this Act will encompass, job coaching, and physiological assistance. Paid by the participating person.
Suspend all IRS collection, forgive all IRS debt, and release all those with liens and levies, suspend all property taxation on Federal and State levels. Stop immediate collections of income tax. Implement “Fair Tax“.
The United States has The largest underground community in the world, these people are working without being noticed, they have been force there trough Government interference, even a job is out of question for these highly productive people as there checks are taken. They need to surface and save this country! 30 million or more people and climbing every minute.
Fair Tax, implementation, frees up business, from accounting and tax law, it allows the citizen to have more cash flow right now the day it is implemented, cash flow has a significant value in creation, and positive moment, this wound be like pouring water onto a fire. If every citizen, no exception paid their fair share, those that need assistance, would find their safety net.
I can not express the importance of cash flow, once in the hands of citizens instead of tied up in Washington. Yes it is immediately being sent back to Washington but that is after buying goods creating an excellent commerce. I look at it like oxygen to a society compared to what we have had. Cash flow creates movement, and when supplied daily to an economy growth is the only direction, and with Government supporting the Capitalism it is a perfect marriage. Yes the EPA will have a harder time , but hay they are persistent.
The American Citizens Recovery Act of 2011" this a simple low cost effective suggestion, encouraging those that have loans to keep them, and lending a helping hand to those that are struggling without taking from some to give to another. It is a way to offer our greatest strength, Forgiveness for those that seek it. Until we restore the Citizen we will not restore America. My suggestion creates immediate temporary jobs on a wide scale, creates spending for local government, and give lenders a viable chance to save their companies with a restored educated home owner, and a strong economy to insure the jobs right along with them
This is simple and yes open for thoughts question, suggest, and can be done and a country restored and people on person levels supported immediately.
A return to the Constitution is paramount in the over all sustainability for generations to come.
This is a war time “Act” only and must end, but if we fail to realize the attack on our free enterprise system, then we so be it.
The Democratic Big Government hopes you keep looking in the wrong direction, The US TAX CODE, 67,000 pages. Billions of dollars in theft.
Not meant to be treated as a straw man!
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