We have several problems facing us today. I believe that we can overcome some of these problems with this simple solution. Banks are sitting on toxic assets (bad loans made on houses that are now in foreclose and rotting away). We gave the banks bailout money to get rid of these toxic assets, right? So how about this.....
1.The banks use the money we gave them to fix up these houses so that people want them.
2. This puts local craftsmen to work.
3. Banks can then sell these houses and get them off the books for a small profit.
4. The real estate market starts to recover.
5. People are working and have money to spend in stores - bringing retail sales up.
6. when retail sales are up the markets recover.
7. When people buy products that creates demand for goods, so manufacturing companies start hiring people (again more people going to work and less losing their jobs).
and the cycle goes on and on.........
