Saturday, January 19, 2008

HOW I WOULD BOOST THE ECONOMY

Step one: Deport the illegal aliens. Doing this makes wages increase (not CEO wages!) and causes an economic boom for self employment (not self employment at the pay rates of Bill Gates, but still a nice way to earn a living!). As workers leave jobs in sectors such as retail, construction, and others to venture self employment the larger companies who employ workers will have to offer better wages and benefits to attract and retain employees. This is based on economic fundamentals of "supply and demand" which also applies to labor and not just products. It can also be described as "Trickle Up Economics".

Step two: Legislate a price regulation for electricity costs and cause a (give or take) 20% increase for larger businesses and a (give or take) 20% reduction for residential electrical costs. This pushes businesses towards investing for GREEN energy solutions to save money in the long run and thus helps snowball this new economic sector into lower costing reach for business and residential citizens that do not yet have the deep pockets to afford current high prices of green solutions.

Step three: Re-establish the automotive industry. Do not allow foreign auto makers to produce cars to be imported into America but instead mandate that they make all automobiles have the first 25% and final 40% of manufacturing to be done inside the USA's borders. Exclusively allow lower earning Americans to buy "low-cost" foreign produced automobiles and regulate the cost of these low-cost foreign made automobiles to not exceed an excessive mark-up % of the total production and shipping costs.

IMO; salvaging the auto industry manufacturing base is critical for national security. Not just from terrorism but also in the event that Communist China decided to attack. Our manufacturing base is what helped win WW2.

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