I don't think giving people $500 to buy imported products or pay their credit card bills will stimulate the American economy. We need to lower expenses and keep more money in the US.
My Economic Stimulus Plan would be a series of long and short term actions to improve the economy.
1. We need to charge importing companies a substantial inspection fee on all imported products. The fee needs to be enough to cover the costs of the inspection building built by American unions, the costs of the government inspectors, and all other associated costs.
2. We need to give Iraq and Afghanistan a bill to cover the costs of the war. We also need to bill the home countries of illegal immigrants for the use of US services that they don't pay for like hospital care and education. We will accept cash or oil paid directly to the US government.
3. We need to lower expenses, like:
a. interest rates charged to American citizens down to 1% over primary for everyone on everything.
b. gas and fuel even if it means temporarily reducing or eliminating the fuel tax.
c. medical and prescription drug costs.
4. We need to substantially increase taxes on the companies posting billion dollar profits from taking advantage of the American people like the financial, oil, and drug companies and make it so that a family with a gross income of less than $50,000 pays no income tax.
5. We need to provide low interest loans to individuals looking to restart "Mom and Pop" type companies and farms with products and services MADE IN AMERICAN, and large corporations involved in building products that produce electric energy from sunlight, wind, and moving water.
6. I would also allow people to get tax free money from the Federal Government, but they would have to work for it. My plan involves providing money to pay people to instruct and attend life saving training. This money would double for anyone over 65. This plan would be open to any legal American citizen 18 years old or older.
| Course | Amount | Over 65 |
| CPR/AED/Standard First Aid | $100 | $200 |
| Community Emergency Response Team (CERT) | $300 | $600 |
| EMS First Responder | $1000 | $2000 |
As you can see the rich would probably not take advantage of this program, leaving more money for those who need it, and the stimulation to the economy would still be the same.
7. We need to charge a fee on money transferred out of the US. This would include money sent to foreign countries by illegal immigrants via Western Union type companies, off shore tax shelters, and to pay for imported goods.
8. We need to evaluate the "Bush Tax Cuts" to see if they really do benefit all Americans equally or do they just benefit the rich?
9. We need to rewrite the Bankruptcy law to allow the courts to rewrite and restructure mortgages to allow people to keep their homes.
10. We need to write a Depression Protection law. Basically the law would state that in the event of a Depression, debt would be wiped clean, and people would own what they own. This would prevent the banking industry from taking peoples' homes for pennies on the dollar if they collapse the economy.
11. We need to rewrite the trade agreements to exchange American products directly for imported products instead of dollars for imported products. For example if $1,000,000 of toys, electronics, oil, etc. gets imported from a country they get $1,000,000 worth of Dodge, Ford, Chevy cars or pickups, farm equipment produced by John Deere, Caterpillar, Case, etc., grain, or other similar American made products instead of American dollars.
12. There is no need to import any meat. American farmers can produce all that we need.
We also need to do obvious things like Declare victory in Iraq and Afghanistan so we can bring our troops home, secure your borders, and improve our education system.
$900,000,000,000.00 Economic Stimulus Plan
Yes, $900 Billion Dollar Economic Stimulus Plan - Rewrite the Chapter 7, Bankruptcy law to allow individuals to file bankruptcy on only revolving credit debt without it effecting their credit or credit score. In reality it should improve their credit score since they will have a better debt to income ratio. This would allow them to qualify for lower interest on major purchases like home and car loans. See my section titled WIPE OUT REVOLVING CREDIT DEBT for more information on this plan.