Thursday, July 2, 2009
WWWD (*What Would W Do?)
There's no question that the US economy is hurting. Unemployment is at record levels, retail sales are down, energy prices are heading back up, things are looking more than a little gloomy.
As odd as it sounds, it may be time to look at a tactic used by the Bush Administration at the height of the Iraq war.
I'd like to propose to President Obama that he load $12 billion dollars in cash onto pallets and ships it to the Midwest on Air Force transports. As happened with the $12 billion dollars W shipped off to Iraq, the money would quickly disappear, leaving nothing but a few scraps of wood and a crumpled $20 or two hiding in the weeds.
But that $12 billion would fairly quickly reappear. It would show up in money paid to utility companies for past due accounts, to car dealerships for new or late model pick ups, to fast food restaurants, video game arcades, local bars, gentlemen's clubs (might be best to ship a couple tons of $1 dollar bills in the mix), supermarkets, coffee houses, etc.
W may have had the right idea, just the wrong country.