Economic Miracle

[Webby]

Is it possible to realize an economic miracle similar to the one that occured subsequent to the conclusion of warfare of WWII?

Yes.

What will be required to realize an economic miracle similar to the one that occured subsequent to the conclusion of warfare of WWII?

Similar overall conditions subsequent to the conclusion of warfare.

The conclusion of WWII was celebrated in a manner to let people know that it was not just over, over their; it was over, over 'here' too. In NY, they had ticker tape parades down wall street.

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[Webby]

How [rich] savers could doom the economy
By Jon Markman
MSN Money

If a miracle could occur, it would be up to poor consumers to spend their last dime on cake while the rich continue to hoard their savings by refusing to pay an aristocracy tax (formerly estate tax).

The rich can have 'their' cake and eat it too but they have got to help the poor consumer buy it first. It's not what Harvard* can do for your country. It's what Madison Ave can do for you : 'sell' government backed, grocery COUPONS!

When the poor consumer is down to their last dime, they could use a Betty Crocker, Cake Mix, government funded, coupon to pay for the rest of the box. Every consumer dime would be multiplied by the government and could instantly make the national GDP "new and improved!" not to mention a stock market with more!

For consumers who want to eat bread or tortillas or rice instead of cake, the government could issue similar grocery coupons for bread, tortillas or rice...and coupons for shoes, tv's, and cars...

What does history predict that the rich will do? They will lose more than just their rationality hoarding their savings while leaving the poor to fight the war on poverty with inflexible, fixed government programs that confiscate discretionary spending from the poor consumer.

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* The Harvard grads could create a macro-model of how contingent government expense variables multiply GDP through direct micro-loans to the consumer usurping the intended function of an elastic, reserve monetary system while preserving the aristocratic, impotence of the FED.

[Webby]

Here's an update from the Spirit of Simple Math

The median household income in the US (2006) was $48,000 USD. Using historical lending standards of 26% dti, the median house price should be about $168,000 (@7%, 30yrs) USD...

In Where's the bottom the article pointed out that

The median price of a home sold in the United States fell to $170,300 in January, down 26 percent from a year and a half earlier, according to the National Association of Realtors.

If the median income can hold at $48K then the housing bottom is only $2k away (@7%, 30yrs). The rich can lend an immediate hand by lending locally to preserve local income levels nationwide.

The spirit of simple business says that while shit rolls down hill...money rises like dew in the morning sun collecting into clouds for those who live in castles in the sky.

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[Webby]

The avg CEO makes about $567,000 and spends 'only' about $344,000 on all their bills*. That leaves about $223,000 each year that they can hoard on could employ 5 people making the median wage of $43,000!

It would only take about 1,000,000 CEO's to step-up, employ the 5 million or so newly unemployed and change the fate of the world.

What you CAN do is to encourage them to do so. What the FED should do, what the rich should do is provide them the tools and backing to do so.

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* ERI data

[Webby]

Assume the avg US CEO has $10 million of corporate, paper assets and that 50% of that paper has gone up in smoke.

If the avg CEO invested their excess income of about $233k ($577k - $344k COL) locally in 5 workers (paid median wage of $43k) it could result in an ROI of 20X! Instead of a 100% loss on their remaining $5 million in corporate paper assets, the CEO could preserve their wealth and perhaps double it by regaining their original lost capital of $5 million provided they sustain their investments in their local worker economy.

Could this be construed as protectionism? Yes. But like the question of which came first, the chicken or the egg. One could also ask, which came first, the capitalist or the worker? Capitalists of the world UNITE! Save the worker...and save the world.

Forget about 'hearts and minds' and get back to business of 'wallets and purses' . While investing in a local worker you may find your lost nest egg. As on Cash Cab , so whaddya say? Ya wanna play?

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[Webby]

For consumers who want to eat bread or tortillas or rice instead of cake, the government could issue similar grocery coupons for bread, tortillas or rice...and coupons for shoes, tv's, and cars...

Webby

It really shouldn't be such a hard sell: The consumer is 70% of the US ecomony but the feds think that helping the consumer is bad for business.

The Fed's 'Cash for Clunkers' is a coupon deal. It worked just like predicted. It improved the economy way more than the wall street big business bailout.

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[barbara.bell]

My denominate is barbara.
I came here while searching an eye to something on google.
promise to have a high-minded time here.