Unemployment Solutions

Reader comment on: 27 Ideas For Jobs and Growth

Submitted by Joseph Patrick Bulko MBA (United States), Aug 5, 2011 18:02

Amazing isn't it? That all 27 employment growth ideas rely on government policy changes! I thought the United States was a capitalist nation, where the free enterprise system is the engine of job creation. Why has no one offered a private-sector free market solution to the high unemployment problem? Well, here's my offering: I have a plan to restore the U.S. economy to full employment. It's a complex private-sector mechanism that involves giving another dose of financial nitroglycerin to Wall Street hoping that this time they won't nuke the economy. In exchange, we get lots and lots of jobs.

My private-sector free market plan achieves the goal of returning the U.S. economy to full employment. The 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. The 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. The net result of the plan is the massive creation of new jobs to jump-start the U.S. economy back to full employment.

The mortgage-backed security (MBS) based financial industry meltdown provides the perfect template for my free enterprise jobs solution. Simply replace the MBS with what I've designated as a venture-backed security (VBS) and, voila, a tsunami of new business creation and lots and lots of new jobs (=incomes =increased consumer spending =booming economy) and the U.S. economy is turbo-charged back to full employment. Of course, the VBS (similar to the MBS) is yet another form of financial nitroglycerin, which does indeed raise the possibility of another Wall Street-fueled financial industry crash. However, we need jobs so the risk is worth taking.

Read the proposal here: http://jpbulko.newsvine.com

Y'all can thank me later!

Joseph Patrick Bulko MBA

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⇒ Unemployment Solutions [310 words]	Joseph Patrick Bulko MBA	Aug 5, 2011 18:02

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