Tuesday, September 21, 2010

We Never Know if We're in Recession

So, we never really know if we're in a recession.

With news Monday that the recession ended way back in the middle of last year -- 15 months ago -- and knowing that this is regular practice to not say whether a recession has started or ended until much after the fact . . .

. . . How do we know we haven't entered a new one, already?

Well, my thought on how we should save our economy?

Give everyone a job.

That may seem too simple an answer, but it is not simplistic, although it might appear so.

There is no reason, though, that every person willing and able to work cannot have a job -- without turning to the government to create all these jobs.

We have millionaires and billionaire among us. President Obama would turn to them to gather a little extra tax dollar. But, perhaps instead of turning on them, we should turn to them.

They can solve our problem.

Uncle Sam doesn't have money. He's broke. The millionaires and billionaires aren't. If we are going to turn to somebody to stimulate our economy, by pumping money into it, let's turn to those who have it.

The millionaires and billionaires.

Many of them double as what we call philanthopists. They are already a giving bunch. Why not set it up so they get some of the same benefits they get for charitable giving, except this time it is for creating companies to employ those not qualifying
for jobs?

The millionaires and billionaires are our experts in job creation. Turn to the experts, when you have a problem.

And, should the company turn a profit, tax it. If it doesn't give them a write-off.

And give them public recognition, for what they do will be noble, creating jobs.

And, notice this: We will have 100 percent employment of those willing and able to be employed. By that measurement, there is no recession.

And, we don't need to wait a year or so to find it out.

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