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Suggestions to stimulate the economy


Monday, September 21, 2009 6:31 AM PDT

I read with interest the various opinions on the economy appearing in the Lodi News-Sentinel on Sept. 1. I have some opinions of my own.

I don't think the economy is going to improve until the unemployed go back to work. We have lost 6 million jobs over the last two years, and there are well-qualified people who are out of work who should be working. This was caused, to a great extent, by the tax incentives Congress gave big companies a few years ago, to move their jobs to places like China, India, Pakistan and Mexico. That is the reason economies are better in those countries than in the USA.

Unemployed people don't pay taxes, don't buy things, and are a drain on the economy. The best thing for the economy would be to put these people back to work.

Instead of paying billions to bail out automakers and banks, we need to spend billions to fix the infrastructure in this country. There are bridges crumbling in this country and there are many highways that need to be improved. The highways in California are particularly deplorable. Our water delivery system in California is in desperate need of updating, to provide more water to an ever-growing population.

If the government would spend stimulus money on these types of projects, it would put millions back to work and take them off unemployment. That would in turn stimulate the economy, as those newly employed would start paying taxes and buying things — thus creating more jobs.

Even though banks have been told to modify mortgages for people, anyone who has tried to get their mortgage modified finds that they have to go through hell to get anything accomplished. Banks need to be more willing to work with people who are in danger of losing their homes to avoid foreclosures, which benefit no one.

Many credit card companies are again raising interest rates to take advantage of people who have increased their debt due to their unemployment. This is not a good time to raise interest rates, and should be forbidden.

If these policies were implemented, people would be able to go back to work, and the economy would improve. Until these things happen, you can expect a very slow recovery.

Karl Welsbacher Jr.
Lodi

Reader Feedback

dogs4you wrote on Sep 21, 2009 4:04 PM:

" It is most difficult for me to believe that Congress, though dummer than a box of rocks would intentionally give incentives to big companies too reloacate to a foreign country. Talk about cutting your own throat. The auto plant in Fremont that was a joint venture of GM and Toyota was offered huge incentives to stay, now the Chinese might take over and use it for other means of manufacturing. Evidently the city of Oakdale couldn`t offer Hersheys Chocolate enough since they moved to Mexico.

For every dollar that comes into the US from China, 19 cents goes to China from the US. Hard to stay in business with a trade deficet like that. Thanks Congress, you morans. "

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