An alternative economic stimulus plan in which every American adult would get $3000 from the government to spend now (totaling less than $800 billion currently proposed) has been unveiled by Brian Vaszily, founder of IntenseExperiences.com and one of We the People.
Chicago, IL (PRWEB) February 12, 2009 -- Brian Vaszily, founder of IntenseExperiences.com and one of We the People that the U.S. government might finally be listening to again with the Obama administration, has unveiled an alternative and likely more effective way to spend under $800 billion to stimulate the U.S. economy.
"My mission at IntenseExperiences.com is to help people become happier and more successful by immersing themselves in new, profound and transformative experiences," Vaszily says. "And it would really be an intense experience if our government started listening to 'the people' more closely, and lobbyists and special interests less, which the new Obama administration shows promise of doing."
So Vaszily is proposing a different stimulus plan - a different approach to spending $800 billion to stimulate the economy - than the one (or really two) being decided on right now:
1) Give every American adult $3000. In cash or as credit to spend. As there are about 250 million American adults, that amounts to $750 billion. (Administrative costs and dire emergency federal costs can be covered with the remaining $50 billion.)
2) Perhaps the government can't mandate that everyone spend their $3000 versus save it. "But," Vaszily notes, "I am pretty darned sure that if put to an emergency vote, the American people would prefer to be told they have to spend their $3000 versus wanting the government and corporations to have to spend it for them, as is the current plan. After all, what exactly have banks spent their $700 billion bailout money on, and what exactly has it done so far?"
3) Even if each adult spending (versus saving) their $3000 quickly cannot be mandated, it can be strongly encouraged by President Obama, who has a high approval rating and a lot of people fervently following him. Vaszily suggests that President Obama ask the American people to spend their $3000 on something they need or want but have been holding off on ... and as soon as possible after they receive it.
"Need a down payment on a car?" Vaszily asks with his plan in mind. "$3000 is a darned good one … and watch what it does for the auto industry times tens to hundreds of thousands of people in a short period of time. Need a trip to relieve the stress of this economy? Some repairs around the house? Dental work? Watch what all of this money being spent in a short period of time does for the economy, including jobs!"
Vaszily goes on to ask, "How is it that any other form of economic stimulus could compare to this influx of consumer money going to buy things within a short period of time? Nothing is ever 100% guaranteed, but how can any other form of economic stimulus come close to the positive impact this would have on our economy? Again by way of example, exactly what has the recent previous bailout, the $700 billion handed to the banking industry, not the people, done to help the situation?"
In super simplified terms, here is the economic problem today, according to Vaszily:
A) People are very afraid. If they haven't already lost their job or had a cut in their income, they are afraid it will happen soon. So they are trying not to spend money (if they can even keep up with their bills in the first place.)
B) When people don't spend money, sales drop … and manufacturing, services and all that supports sales disappears. And so jobs are lost, and companies go out of business.
C) With such instability - individuals and companies at such high risk - banks are afraid to extend credit, to loan money. After all, the people and companies may not be able to pay it back.
D) Without credit being extended, people are even more afraid to spend money (if they can even keep up with bills in the first place.) And companies can't cover costs. And new businesses cannot be started up. And more jobs are lost, and so on.
It can be a vicious cycle downhill. Vaszily believes that somewhere a golden wrench needs to be thrown in to stop the cycle and turn things around.
"And unless the banks are made to extend credit regardless of risk - but isn't that what got us into this mess? - they're not going to do it.
"Unless companies and government are prompted to not lay off people and instead hire people, which can take a long time and is fraught with risks today that didn't exist back in the Great Depression era, they're not going to do it.
"Giving We the People, instead of corporate executives and government officials, the means to do it, and fast, therefore seems quite worthy of serious consideration."
Vaszily also adds though that, "Of course many policy wonks will respond that I am being naïve and it's not that simple; they tend to make things complicated, in large part because they've got all those lobbyists and special interests to cater to. The complexity they so love, however, only exacerbates the problem and prevents the solution. Because this really is an emergency situation, commit to keeping it simple!
"I, for one, trust myself and We the People far more than I do government officials and corporate executives to spend my money and revive this economy. If they are going to spend $800 billion anyway, at the very least this seems worthy of serious consideration, and quickly.
"It is often easy to forget," Vaszily adds, "that it is not 'their' money to spend anyway. It's yours, mine and our children's."
Brian Vaszily is the founder of IntenseExperiences.com, dedicated to helping people achieve their greatest goals and deeper happiness. People can sign up for the free IntenseExperiences.com newsletter and now receive a brand new 126-page eBook, "The 23 Most Important Secrets to Achieve Deep Happiness," instantly and free. Vaszily is available for interviews via the contact information in this release or in the Contact area on http://www.IntenseExperiences.com.
 | economic stimulus planeconomic stimulus proposalalternative economic stimulus planintense experiencesbrian vaszily |
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