I think that instead of trying to prevent the big fall, the government should stop supporting major corporations and let them fall. As it is now, the government is merely prolonging the economies misery, so to speak. All this does is keep the recession going far longer than it needs to.
Once the companies start to fall the other companies will get stronger in their absence and also those companies, if they recover, will have learned a lesson and hopefully not ever fail again.
Lower Taxes|taxes, stop the Bailout|bailouts. Get the Money|money in the hands of consumers who, in turn, will spend it and stimulate the Economy|economy.
Run the economy like a war economy. * Find employment opportunities for everybody. * Put them on minimum wage if nothing else.
* Have a full employment czar who assigns jobs to the unemployed based on their experience, education, resources and desire. * Allow many to work from home with just a computer and phone as equipment. * Require the out of work to submit resumes or work applications listing skill, education, experience, home equipment and transportation possibilities.
* Find a way to coordinate at home workers. It must be possible.
We have different kinds of federal mortgages (VA, FHA). I would create a new kind of mortgage. Let's call it a John McCain|McCain mortgage.
A homeowner in trouble and whose house was worth less that the present value could apply for a MC mortgage. The government would refinance the house at the present value and take a second mortgage on the amount that is owed over the present value. The second mortgage would be interest free, and would only be paid if the house were sold.So for example, if Mr. X owed $300,000 on his house, but the house was only worth $250,000, the government would give Mr. X a new mortgage at $250,000 and would retain a second mortgage of $50,000.
Suppose Mr. X lived in the house for 5 years and paid the mortgage so that he build up an equity of $10,000. If Mr. X then sells the house for $260,000, and he has paid down the mortgage so that the unpaid principal is $240,000, Mr. X would keep his $10,000, and $10,000 would be paid to the government. Now the second mortgage has an amount remaining of $40,000.
The new home owner, Mrs. Y, gets the house and the second mortgage. If she pays down the mortgage to $230,000 and sells the house for $270,000, she would keep $30,000 and the government would receive another $10,000 bringing the amount owed on the second mortgage to $30,000 and this would continue until the government was repaid. This does not take into account Realtor and bank fees, but I would cap these at a very low amount.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.