Comments on: Why We’re Broke — And How To Fix It

By: Philly

Philly — Tue, 24 Mar 2009 09:04:55 +0000

Well Paul I have looked at your plan from every angle and I certainly see nothing wrong with it. You should hire on as a money market manager at AIG, you definitely have more foresight than those guys do. (by the way, AIG’s subsidiary here in the Philippines was able not only to not lose a dime in the past year, they made a record profit … they really should take some of the managers from here and move them to company Hq. A lot of peole make jokes about the ‘old fashioned’ way Philippine banks do business … as in not buying worthless paper, the law here won’t let them do what they did in the US).

Funny you should mention Lake Eria and by association then possibly Cleaveland? Miat’s been watxching some properties there that we are very temepted to fly home and buy … for rentals, not income. There are some real bargains right noiw, and if you buy homes next door to big Catholic hospitals that are actively hiring Filipna nurses you will never lack for decent, bill-paying tenants.

If I had a million ‘gift’ like that I’d buy a Cadillac with the Northstar engine, an engine technologically unequaled by anything in Germany or Japan, and ship it back here, just pay thr tax, there will still be plenty left over for the rest of my life.

By: Paul

Paul — Tue, 24 Mar 2009 07:07:01 +0000

Well, Philly, I’d take the $1M, quit work in CONUS, buy a NEW American car regardless of where it was assembled or where the parts come from, buy a brand new ice shanty for ice fishing on Lake Erie, park my NEW American car next to the shanty, take the remaining ~$950K to the Phils and take care of everything else with that. Self sufficiency is alway sufficient!

By: Philly

Philly — Mon, 23 Mar 2009 08:21:21 +0000

I’d add two other provisos:

medicare be immediately extended to cover US citizens in the Philippines (saves 70% on the Medicare bill for all those who chose to go)

And give a bonus of imort taxes paid on all those new cars for those recipents who choose to retie to the Philippines (that many ‘gray panthers off the raod in the US, they will never be a problem hre in the Philippines)

You know the one real flaw in that plan, Paul? Finding an American buil;t car. The US Big Three who are begging hat in hand while talking out the oter side of their mouths about being ‘too big to fail’ make most of their cars and virtually all of their light trucks in Canada or Mexico. Nissan is the only truck company that builds certain models 100% in the USA … neither the politicos or the car companies are coming clean on thiose facts

By: Philly

Philly — Mon, 23 Mar 2009 08:14:01 +0000

Uhuh

By: Paul

Paul — Mon, 23 Mar 2009 06:37:07 +0000

Hi Dave – This was found in a St. Petersburg Times newspaper, Business Section the other Sunday. They asked readers for suggestions on “How Would You Fix the Economy?” One reader responded in the form of a letter to the president:

Dear Mr. President,

There’s about 40 million people over 50 in the work force–pay them $1 million apiece severance with the following stipulations:

1) They must leave their jobs. Forty million job openings – Unemployment fixed.
2) They buy NEW American cars. Forty million cars ordered – Auto Industry fixed.
3) They either buy a house or pay off their mortgage – Housing Crisis fixed.

By: Mindanao Bob

Mindanao Bob — Mon, 23 Mar 2009 02:07:17 +0000

Wow!