The Economy In Review...

Well Hello!

Sooo, I have been meaning to catch-up but have been largely occupied with hands in a number of things over the past few weeks (More on this later).

Much has happened since our last visit. We are well into a good season of Winter programming, Awards season is also off to a great start, and of course our most notable event is that "Change" has taken office (Nice work Oprah).

Change is Good...

If you have been viewing news reports as of late, you may have been hearing the less than positive reports about pretty much everything related to the economy - Jobs, Banking & Finance, Automobile, Health, and any other type of industry.

Basically, according to media reports THE SKY IS FALLING...I do not mean to be despondent, I am simply not convinced such a dramatic turn of events is clandestine - After all, we allegedly have all of the top IVY League Harvard, Columbia, Yale minds allegedly running the Economy and years of data, research and models - why should there be a problem?

Incidentally, I spent a few years in commercial broadcast news during college and found it to be closer to negative sensationalized political smack for my interest (Although Sports reporting was quite enjoyable).

A Solution or The Solution?

Alas, under most normal circumstance my hiatus is November through February, however there are a number of decisions and deals to be made/closed for economic reasons - cut short in other words.

My point, we have to keep the economy moving here in Tinsel Town and will more than compensate for the lack of rest later in the year.

On a number of previous occasions, I have expressed interest in the subject of Economics. I will not get into tirade about the state of the economy on this entertainment destination (Smile), but feel inclined to mention my 'priceless' solution for the economy (People actually pay me for big ideas - but, this one will be complimentary courtesy of Yours Truly).

Ready? Here it is: 1) PRINT MORE MONEY and 2) RUN THE COUNTRY LIKE A CORPORATION

My 10th Grade Economics teacher and I had a number of spirited debates around my proposed solution. However, nearly 20 years later - I still arrive at the same conclusion only in different terms. Now, I refer to the concept as 'Capital Infusion'.

When I had finally seen the movie Wall Street as an adult (I was too young to see it at the time it had been released in theaters) - I was filled with utter joy as I had been exclaiming the idea since 12 years of age in various debates.

Yes, I realize that it may sound incredible (As in not), but I steadfastly believe the problem from which I have concluded is "Not Enough To Go Around" - for this should be an easy solution.

Perhaps Not...

According to my Economics teacher (I will protect his identity by calling him "Mr. Jones"), my practical theory would not work due to the fact that it would imbalance the economy and ultimately undermine the value of the dollar.

Well "Mr. Jones", I think we are already realizing the very circumstance you proclaimed would ensue as a result of my theory - without my proposed theory.

I refer to the above as the "Mr. Jones theory" and it is simply a theory because it has never been proven true (Except by nefarious counterfeit perpetrators).

Quite frankly, the reason of my theory is simply due to the fact that private citizens are not the correct source from which to fund Government bailouts. In the current model, the burden always rests on private citizens - for this reason it will never be enough to suffice the deficit and is ultimately a "Zero Sum" game.

I am suggesting that rather than trying to make it work with the same re-occurring strategies (Which do not appear to work - EVER) as tax cuts for middle class, increased tax on the rich, cut government spending, create stimulus packages (Does anyone really understand how these work?) - simply fund the deficit with new money.

Ah, but wait...Welcome to Accountability.

"Okay, so let me get this straight, you want me to loan YOU money so that you can loan ME money - is that right?"

- Banks and Financial Institutions would receive newly minted funds on the condition that it must be completely lent to private citizens (No Hedge funds, pensions or corporations).

- The Automobile industry would also receive funds based on the condition that they focus on fewer models and make smaller, stylish, quality vehicles that achieve a minimum 100 miles per gallon AND develop non-fuel dependent vehicles AND work to install appropriate facilities at service stations (Ethanol Pumps, Electric Chargers).

- Health care industry must provide high-level programs and low cost medicine to EVERY citizen. Should any of the above fail to comply, they will lose the funding (Paid as annual annuity pending review). There is no FREE lunch, Babes.

So, you say you need $10 Trillion to cover the ever growing and mysterious unclear never ending deficit?

Provide me with a detailed business plan, executive summary, financial projections, measurable milestones and collateral and if approved, it will be satisfied in a week...Of course, the Treasury is going to need a loan to cover the cost of more ink and more paper in which to print more money, however the good news is that this can be factored into your principal balance and interest payment!

That's MY light-hearted version of a stimulus package that could actually work...