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My letter to obama and congress about the economy
We can sit here and joke about porn needing a bailout. Times are tough and that means less people are buying. Its across the board with everyone in every industry. but what the government needs to be doing in my opinion.
What we dont need is a $500 tax break. The Bush administration tried that and it clearly didnt work or would we be where we are right now? Bailing out big corporations that clearly need to go through bankruptcy isnt going to help either I predict. For example even with governments money the automakers still have their hands tied with contracts from years ago. And a culture that clearly isnt making a product that people want to buy.
It is my understanding that most jobs are created by small businesses. I believe rather than giving money to individuals or to big corporations that the government should be encouraging small business development especially with high unemployment. This is a good time for everyone who ever had a dream and a good idea of opening a business to give it a shot.
Banks have tightened their qualifications for small loans. And people who have homes with no collateral cant get loans anymore. I think there should be some program to encourage people to start businesses. Maybe doing so is too complicated a task for government to do efficiently but I think thats the best way to grow GDP and keep America strong.
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