Private-sector solution to high unemployment

Reader comment on: Daniel Loeb on Obama

Submitted by Joseph Patrick Bulko MBA (United States), Jul 26, 2011 06:53

Admittedly, I can't relate to Mr. Loeb's predicament vis a vis the apparent lack of opportunities for hedge fund operators, but I have devised a private-sector free market solution to the nation's high unemployment rate and otherwise stagnant economy. My plan provides a major (profit-generating) incentive to Wall Street to transfer massive amounts of investment funding to Main Street through the creation of a massive number of new entrepreneurial ventures. My plan effectively "piggy-backs" onto existing financial industry architecture to securitize the entrepreneurial investment process, thus enabling Wall Street to make boatloads of cash in the secondary market (a la the trading associated with the mortgage-backed security and its many many derivatives). The net result of the plan is the massive creation of new jobs to jump-start the U.S. economy back to full employment.

You can read the proposal ("A Modest Proposal to Save the American Economy: Entrepreneurial Blitzkrieg as Job Creation Vehicle") and its companion piece ("The 75 Percent Solution? A Moral and Economic Imperative to Create Good Jobs NOW!") here: http://jpbulko.newsvine.com/

Joseph Patrick Bulko, MBA

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