IMRAN's In My Humble Opinion

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Posts Tagged ‘Barack Obama’

Our Principles Must Trump Our Symbols – IMRAN™

Posted by imrananwar on October 13, 2016

There are a lot of news items about people expressing their protests in different ways, from kneeling at the time of the national anthem to flag burning Americans.

I have no sympathy for racial groups that have a sense of entitlement because some white man enslaved some black man 400 years ago. Many of us immigrants come from former colonies or enslaved countries. Some still live in places like that in Kashmir and Palestine.

The groups that celebrate gangster culture in their music and commit crimes but get off easy for playing the race card. I cannot stand them. But I am deeply & literally physically sickened when I see, again and again, unarmed black men being killed by out of control cops, none of whom go to jail.

So, I can understand the silent, peaceful, protest of some professional players to call attention to the matter.

If anything, I am dismayed that a supreme court justice, whom I respect, first foolishly expressed political opinions against Donald Trump. Though I cannot stand him, I would expect a Supreme Court justice to keep their personal opinions to themselves in case the election leads to a Supreme Court case. I would expect even a despicable person like him to get a fair hearing.

(Sidebar: I despise both candidates. Donald Trump being the worst Presidential candidate in recent history is the only reason the second worst candidate Hillary Clinton is likely to become President. Even worse, as I have been warning my Republican friends for months, he could cost them Senate and even Congress if things keep going as they are. Then they will be wishing they had accepted President Obama‘s moderate nominee).

The lady Justice then called the silent peaceful protesting players stupid for kneeling in protest at the anthem. Maybe she is ready to retire and wants to go out making some statements like that to be in the news, but she is wrong on that. 

The fact of the matter is, saying Black Lives Matter when an unarmed man is murdered by cops just because he was Black, does not mean one is saying it is OK to kill cops or that other lives do not matter. I do not see a stream of videos of cops shooting white people for even more egregious actions.

Therefore, silent peaceful protest it to be respected not demonized. Would we rather have the violent gangs burning up cities as happened in Ferguson?

No group is perfect. Speak up for injustices against blacks or any group. But throw criminals in jail hard regardless of their color. Stand by the police. But call out and prosecute the killers among them.

That brings us to another controversy people are fed to take their attention off real issues, Burning of the American Flag.

I dislike people who disrespect the flag of their own country. BUT, remember, the Flag is symbolic, the Constitution is what makes us the greatest country in the world.

Symbols represent us. Principles make us who we are. We could change the American flag to all pink and purple or any color and still be the same great nation if we live by our constitution.

So do not get caught up in the furor of someone burning the flag. Sure, discourage them, ignore them, but do not threaten or attack them. They are doing what our constitution gives them the right to do as also decided in a Supreme Court decision.

Only a freedom guaranteeing constitution like ours gives people the right to burn the flag or do other stupid things under free speech.

Our principles must always trump even our own symbols. Symbols can change but not change who we are. But if we abandon our principles, it won’t matter what color or how fancy or pretty or fireproof our flags are.

What do you think?

Imran Anwar

IMRAN.TV

Posted in America, Clinton, Congress, Constitution, Crime, Criminals, Crooked Cops, culture, Danger, Death, Death Penalty, Democracy, Democrats, Elections, Freedom, Hilary Clinton, History, Justice, Obama, Palestine, Police, Politics, President, Prisoners, Race, Racism, Republicans, Shootings, Society, USA | Tagged: , , , , , , , , , , , , , , , , | Leave a Comment »

Imran Anwar on Imran Khan: Why The Future Of Awakened Pakistan Is Not In One Man’s Hands

Posted by imrananwar on October 31, 2011

The news media are buzzing about a rather large political protest gathering that took place in Pakistan. People seem galvanized and gravitating more to a national hero Cricket player, turned populist politician. Much that I am happy to see the silent majority Pakistani public starting to rise, I do not have much hope for the person they are following, even though I like and respect him. Here’s why.

Imran Khan was about a decade ahead of me at Aitchison College, Lahore, Pakistan, and about 100 years ahead of me in popularity (and dashing good looks 🙂 ). He will always have my respect for sacrificing his popularity not for wealth but for a Cancer Hospital (in the memory of his late mother). With that one mission in life, he has done more good than Zardari, Benazir Bhutto, Nawaz Sharif and Pervez Musharaff combined could do – even if they had tried.

However, there were two reasons Imran Khan struggled in his quest for national power.

Initially it was the typical curse of Third World countries like Pakistan… the same “awam” (عوام – public/populace) that curses crooked politicians is also the one that votes them in to power. Why? Because the crooks are the ones who will help peddle influence illegally, to get things done when voters ask for favors. Someone supposedly aboveboard will not. So, he, like Imran Khan, will stay on the fringe and not get real power. This one sad realization was one major reason I said good bye to my political aspirations in Pakistan when I left 20 years ago. (I do salute Imran Khan for staying and putting up a good fight, even at great personal risk).

Now that the Arab Spring in the Middle East, the Occupy Wall Street in the United States, and far more importantly, the middle class uprising in India against corruption has vested interests and tyrants (political and economic) running for cover, Imran Khan may have a real chance.

But, that brings us to the second serious problem. He is still hampered by lack of any clear (articulated) PLAN that he would execute on, if he was in power. Even his speech in his largest rally (which is being reported on by media including the New York Times, etc.) was another “letdown”.

Richard Nixon meeting with President Bhutto of...Image via Wikipedia
The only Pakistani leader who could get away with rambling speeches, and still have a million people or more listening and jumping into action, was the late, once-great, later-tyrannical, deposed and hanged Prime Minister, Zulfiqar Ali Bhutto. Imran Khan is nowhere near that man’s stature, statesmanlike quality, popularity, or even vision. In the end, even with his charisma (that Bill Clinton would want to learn from), speaking ability (that Barack Obama would dream of achieving without a teleprompter), it was Zulfiqar Ali Bhutto’s hubris, putting the interests of his crooked henchmen ahead of the nation’s, and having no more vision and plan beyond getting re-elected, that got him hanged by General Zia-ul-Haq and the military.
Picture of imran khan infront of the flag of P...Image via Wikipedia
Imran Khan needs to do more than gather 100,000 people (and make a meaningless speech).

Even I can make a speech about what the problems in Pakistan are, name who the crooks are, and why we need to solve the problems….

But, without saying HOW I would solve the problems, WHO I would have as my trusted and nationally trusted lieutenants to execute the plan, I too would be as useless in power as Imran Khan will be – if he does by some twist of fate find himself in government.

Unfortunately, even 15 years in politics getting to this point, Imran Khan, whom I would love to see in power compared to the current crop of so-called leaders, has neither stated his vision, nor articulated his strategy, and neither has he shared a roadmap and execution plan. That is what makes Pakistan’s leadership void doubly sad.

Even worse, regardless of his Western education and former lifestyle, Khan’s current wave of popularity is driven by a populist state-the-obvious (politicians are crooks and have done nothing for Pakistan), blame-USA fervor (while sometimes sounding like a Taliban apologist).

Yes, the current leaders and even the opposition are crooks. News Flash: So are the ones in the USA and other countries. (Italy‘s Premier could give Pakistan’s Asif Ali Zardari a run for the money and the scandalous behavior).  Yes, the USA has a shameful record in Pakistan. Yes, Pakistan’s spineless sellout leaders have allowed even more exploitation for their own power. But, Pakistan had economic problems since independence. It has had ethnic near-civil war in different regions for decades before 9/11 or America’s arrival in Afghanistan.

Without addressing specific problems that Pakistanis themselves tolerate — and allow their leaders to create — neither the cronyism-loving leaders, populist personalities, nor well-intentioned analysts, or worse, power-hungry dictatorial generals, can change the country’s future.

As I have said in my own public speaking and on radio & television…. “National destinies are created by people, not by leaders, dictators, pedagogues, or sycophants. Pakistan needs to be saved not from America, but from (illiterate, violent, extremist, close-minded, crooked, corrupt) Pakistanis, by Pakistanis (who still believe in the great future that the nation is capable of achieving).”

What do you think?

© 2011 Imran Anwar
IMRAN.TV

 

 

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Posted in Barack Obama, Benazir Bhutto, Bhutto, Democracy, Imran, Imran Anwar, India, Lahore, Nawaz Sharif, Pakistan, Politics, Strategy, USA | Tagged: , , , , , , , , , , , | Leave a Comment »

On Terrorism: Your Silence Speaks Volumes

Posted by imrananwar on March 28, 2009

This has been another week in which Pakistan has been in the news in America. Pakistan has embarked on a major new path when its people once again stood up for democracy. But that news has not been reported very much in American media. It is almost as if some American media were disappointed that, for a change, the news from Pakistan was good.

You would think that these media would have preferred if Pakistan had a “Long March” which turned to total chaos and anarchy. It would have given some American media and many so-called analysts the opportunity to say, “I told you so.” For them it would have been more newsworthy to report “Pakistan near collapse” than the “boring” news that “Pakistanis Face & Reverse Tyranny.”

I wonder if it is because most American media, despite their protestations and editorial comments when Pakistan does not have democracy, in their heart of hearts know that American interests abroad are best served by keeping dictators in power.

After all, that is the one thing American governments, be they Republican or Democrat, have always been consistent on. They have always supported dictators in Pakistan. Of course, that is the same reason they use to curtail aid to Pakistan, but always seem to open their wallets when a dictator in Pakistan plays hardball with them.

It would be foolish and irresponsible for us to believe that everything is hunky-dory in Pakistan. Pakistan managed to step back from the precipice of a total meltdown after the Long March. President Asif Zardari and former Prime Minister Nawaz Sharif finally agreed on a mechanism for the restoration of the Chief Justice of Pakistan. Chief Justice Iftikhar Chowdhry has taken his office again. But Pakistan is not out of the woods.

The terrorists who carried out the attack on the Sri Lankan Cricket team are still brazenly moving about the city of Lahore, posing unknown threats to Pakistanis. The Taliban and their evil supporters have stooped to new lows.

Even the repulsive Zionist army of Israel, invading and slaughtering Palestinians and the Lebanese, or the indiscriminate bombings of American jets in Afghanistan and Iraq, have never been known to specifically directly target a mosque full of worshippers. Yet that is what the scum of the universe, the suicide bombers in Pakistan and Afghanistan, are doing.

How are their actions serving Islam? How they are helping liberate Palestine or Kashmir – by killing 100 Muslims in a mosque during prayers? They are not.

It is all about sowing terror, not spreading Islam. It is all about bloodlust, not about freedom. It is all about evil, not about iman. Yet the silence of leading politicians from religious parties, ulema, imams and other “thaikedars” of Islam is deafening.

The same people who jump on every opportunity to have a press conference, or send out a press release, about deaths happening in Palestine or Iraq seem to have nothing to say on this biggest evil of suicide bombers right in our own home, killing our fellow Pakistani Muslims on an almost daily basis.

Some apologists for these professional so-called “defenders of Islam” try to make excuses for them. They tell me that they did indeed, maybe some time in the past, say something or the other condemning terrorism.

My question is, isn’t the slaughter of Pakistani and Muslim worshippers in a mosque a far more evil deed that is being carried out right under our noses? Why is there not a daily fatwa against suicide bombers? Why are we not declaring every day (even by name of the suicide bomber of the day) that they will be burning in the deepest recesses of hell?

What Pakistanis, and Afghans, do not seem to still realize is that their silence is acquiescence. By not uniting and using every available tool to eradicate the scourge of suicide bombing terrorists from within Pakistan and Afghanistan, both these countries are inviting more and more trouble from abroad.

President Barack Hussein Obama has recently released more information about his plans for Afghanistan and, more ominously, Pakistan. The good news is that an American president at least understands the challenges that are faced by America and the West in that region. The bad news is that an American president understands the challenges that are faced by America and the West in that region. What do I mean by that?

What it means is that Obama is winding down on the war in Iraq. He and his advisers realize that while time, energy and money were being wasted in Iraq, thanks to the foolish and idiotic warmongering policies of George W. Bush, the real threat of Al Qaeda was actually growing.

During this time, because of Bush simply outsourcing the hunt for Bin Laden to General Musharraf, the only thing that was achieved was greater hatred for America among the very people of Pakistan and Afghanistan who could have helped eradicate Al Qaeda.

This is a make or break opportunity for Pakistan, as well as Afghanistan. We now have an American president who is actively working to undo the damage done by George W. Bush around the world. He is diligently working to withdraw troops from Iraq. He has already ordered an increase in aid to Pakistan.

He has more than once mentioned that the main conflict between Pakistan and India is Kashmir and that America needs to help solve that problem.

On more than one occasion, in recent speeches, he has directly spoken words addressed to the Muslim population of the world. He has even done the unthinkable for an American president; speaking words addressed directly to America’s original arch nemesis in the Muslim world, Iran and its clerics.

Let’s remember that this man is still President of the biggest military power on the planet. America still is the only remaining superpower. He is not speaking from a position of weakness. He is not speaking to win any elections in America.

Obama’s outreach attempts to befriend Muslims have even been criticized by his opponents at home. Many of them think that reaching out to the Muslim world is caving in to terror.

Think about it, dear reader. We Muslims, with our silence, have allowed things to get so bad that the typical, not highly educated, not very politically aware, citizen of most western countries equates our religion of peace with blood lust and terror.

If we do not speak up, unite and eradicate the evil growing amongst us, it will kill more and more of our fellow Muslims and Pakistanis. It will continue to malign our religion Islam and threaten the very existence of our beloved countries.

Do you still want to remain silent? Speak up now or one day God will ask you about it.

===
Imran Anwar is a New York and Miami based Pakistani-American entrepreneur, Internet pioneer, inventor, writer and TV personality. He can be reached through his web site http://imran.com and imran@imran.com . You can converse with him on Twitter at http://twitter.com/imrananwar

Posted in Afghanistan, AlQaeda, America, Barack Obama, Bombing, Democrats, Dictators, George Bush, Imran Anwar, Iran, Iraq, Islam, Jihad, Judges, Kashmir, Lahore, Media, Musharaff, Muslims, Nawaz Sharif, Pakistan, Palestine, Politics, President, Republicans, Suicide, Terrorism, Zionists | Tagged: , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Hoping For Good Luck, On Friday The 13th

Posted by imrananwar on March 23, 2009

This has been quite an eventful week in New York. The previous few weeks of economic decline, bad financial news, increasing unemployment numbers and other news of global distress had been pushing the New York Stock Exchange consistently and constantly lower and lower.

Things were so bad that people would have preferred a return of the stress-filled yo-yo stock market days, where one at least had a 50-50 chance of making or losing money!

From a high of almost 13,000 the NYSE reached 6500 and there was talk of it even heading lower. There were fears that it might even fall below 6000 before all is said and done.

This decline continued while the flood of bad news also continued unabated. The only silver lining one could see around these ominous dark clouds was that most companies were choosing to do greater layoffs than they need and reducing costs as much as they can.

Even though each job lost is something that can mean the destruction of dreams of a family, sadly, for big businesses it is all a numbers game. Companies generally prefer to dish out all their bad news in one lump rather than dish it out piecemeal. It is generally easier to recover from a massive jolt and negative dip in stock prices over a few weeks or months. It is harder to get over the malaise that can cripple a company’s stock price if the bad news, no matter how small, just keeps coming every few weeks.

What’s that suggests to me, and keep in mind that I’m no financial adviser, is that most companies may be gearing up to have better than expected results at the end of the March quarter. Or, at least results that are less terrible than the market anticipates. Either one of these could potentially mean a rise in stock prices in April.

Even before the end of the quarter, a few pieces of good news have come out. One of them was that Citibank has been profitable for the last two months. This is the giant global behemoth that is one of those banks considered too large to be allowed to fail. This news came shortly after the bank’s stock was trading at as low as one Dollar per share, a far cry from nearly $60 per share it used to be.

Anybody who bought those shares at the ridiculously low price of one Dollar literally made a profit of 35% in one day, as investors suddenly found their greed outweighing their fear.

Financial company stocks in general benefited from this uptick in the stock market. Most major stocks have been rising consistently for the last few days, though I expect some drops as profit-taking starts again.

Even though it is far too early to claim that the market will not plumb new lows, but more than likely, one year from now economists and other so-called experts will analyse and say that the recovery had begun at an anaemic but measurable rate in these weeks.

President Barack Obama and his team have had most of their focus on the American economy – as well as the global recession that still imperils the world. But in the meantime other serious matters of the world continue to demand attention.

As is consistent with Pakistan and its self-destructive ways, once again American media and Pakistan bashers have gotten ample opportunity to raise the specter of Pakistani nuclear weapons falling into the hands of terrorists – should the country spill further into anarchy.

The recent blatant and brazen terrorist attacks in the metropolitan city of Lahore, the despicable attempts to kill the Sri Lankan Cricket team and the evil murder of police officers and innocent bystanders there showed how almost no part of Pakistan is safe. This was an attack obviously not carried out by Taleban type thugs but by some well-organised but equally evil professionally trained gang of killers.

The Taleban continue to remain in the news, especially Pakistan ceding control of Swat and other regions to what are perceived as extremist groups. American drone and missile strikes continue to kill Pakistanis, innocent or otherwise, with disturbing regularity. India continues to rattle its sabers in the guise of demanding justice for the Mumbai attacks. In other words, there is no possible threat, internal or external, military, economic, political or social that Pakistan does not face.

Yet our shameless, spineless, gutless, clueless and witless politicians continue to fight over who sits at the head of the table – while this ship of state is rapidly sinking. Unlike even the Titanic, Pakistan is like a ship whose captain has been aiming it at every single iceberg he can see. On top of that, the ship has been torpedoed from behind. Its own crew is setting fire to cabins and furniture while others are busy looting what they can.

It is no wonder therefore that foreign powers, including America, find that the only way to control Pakistan, even to keep it from self-destructing, is to manage it not as friends but as masters. And, Pakistani politicians are quite OK with that.

From politicians, I want to shift to lawyers. Every country in the world has its share of lawyer jokes. For the last one year, and once again this month, it happens to be Pakistan’s lawyers and barristers, who have taken up the challenge to restore democracy and justice.

A profession that relies not on regular salaries but on almost daily work in the courthouse has once again stepped up, at great cost to its self, economically, professionally, personally. Today I must salute the lawyers and other professionals of Pakistan, not just for bringing down one dictator, but for ensuring that Pakistanis as a nation see that they can choose and control what the government can or cannot do when an elected person tries to act as a dictator.

Will democracy rule or will Pakistan sink into the abyss of chaos and anarchy?

The fact that things have come to this stage in itself is a tragedy. For the first time in more than 60 years we had an opportunity to establish state institutions. This was a historic opportunity because so many forces lined up in a once in a century series of events. The sacrifice of Benazir Bhutto, the professionalism of General Kayani, the sensibility of some political leaders and the great courage of Chief Justice Iftikhar Choudhry and fellow judges. Rarely had so many forces lined up to restore true democracy to Pakistan. And, sadly, rarely have historic opportunities of such greatness been grasped in Pakistan.

As I am writing these lines in New York – on this 13th of March – I am hoping for some good luck for Pakistan. The only positive news is that some sort of compromise may be in the works in Islamabad. I, like millions of Pakistanis, can only hope and pray for that miracle and some Good Luck, today, on Friday The 13th.


This article was in client publications on Friday the 13th, 2009.

Imran Anwar is a New York based Pakistani-American entrepreneur, Internet pioneer, inventor, writer and TV personality. He can be reached through his web site http://imran.com and imran@imran.com . You can follow him on Twitter at http://twitter.com/imrananwar

Posted in 2009, America, Americans, Army, Asif Zardari, Assassination, Bailout, Bank, Banking, Barack Obama, Benazir, Benazir Bhutto, Bhutto, Constitution, Democracy, Dictatorship, Economic Recovery, Economy, Elections, Free Speech, Freedom, Future, General, Hypocrisy, Imran, Imran Anwar, IMRAN.TV, ImranAnwar, In My Humble Opinion, Justice, Musharaff, Nawaz Sharif, New York, News, Newspapers, Pakistan, President, Stocks, Supreme Court, Terrorism, Washington | Tagged: , , , , , , , , , , , , , , , , , | Leave a Comment »

The Three Trillion Dollar Question & The Answer Is….

Posted by imrananwar on February 16, 2009

The fact is that the American and the global economy are in a severe recession. The biggest problem is a crisis of confidence. Uncertainty is always known to be the enemy of confidence. I am reminded of the Heisenberg Uncertainty Principle that we were taught in our electrical engineering studies, at the University of Engineering and Technology at Lahore 25 years ago.

The problem with the uncertainty today is that no one seems to know what they are uncertain about. Almost everyone agrees that the economy will eventually recover. Most people can also see the signs, not just here in America, but also abroad. These show some economic activity has begun to take place.

Some of the positive news that has come out in the American media recently has been a decline in the number of homes going into foreclosure. This has come at the same time as higher retail sales figures for the month of January. Of course these numbers may look higher compared to the very dismal sales figures of December 2008. Regardless, it is a positive sign.

However, it seems that at every stage, and at every piece of news, the stock market reacts adversely. My personal suspicion is that most large investors, including players in the stock market, and other influential figures may also be playing an active but insidious role in ensuring volatility in the stock market.

Mind you, I have no actual proof of this. It is merely a hunch. My suspicion is that these people play the stock market not just for regular profit but for nefarious purposes.

The volatility is actually not random but manipulated by certain key investor groups. It is their way of ensuring that people in government, the media as well as the public at large remain uncertain, as well as demanding of a bigger and bigger stimulus package, that is likely to benefit fewer and fewer people.

In other words, the more volatility they show in the market, the more they can get people to panic. The more that happens, or the more things appear uncertain, the greater the likelihood of being able to force the government to spend billions of dollars more, mostly on pork barrel spending or bailouts of crooked bankers.

There are several other positive signs. The price of oil continues to remain low. President Baraka Hussein Obama, with the support of his Democratic majority in Congress, has succeeded in passing a massive stimulus package. This stimulus package as it is called is nearly $800 billion worth of mostly government spending.

This package has come on top of nearly $2 trillion being pumped into American banks. In other words almost $3 trillion is getting spent on restarting the American economy. But is it going to be enough? That is the massive historical question.

My personal feeling is still ambivalence towards these amounts being spent.

I am highly opposed to the massive money poured into banks that did not lend money to consumers. Some of these shameless perpetrators of corporate malfeasance, and gross negligence and incompetence, went on to give themselves billions of dollars in bonuses. One yearns for the days of public hanging of vile characters like that.

Similarly, the money being spent on big government projects are not the answer for short-term solutions that we need to jumpstart the economy really quickly. For example, many projects will take months, if not years, to actually get rolling. Many approval processes and similar formalities will insure other delays. That means any hiring or new jobs that come from these projects may take years to come into the economy.

As a matter of fact, if the economy recovers on its own, especially with the private sector leading the way, it is even possible that by the time these government projects come online most of the capable talent will already be in private service. That means either less experienced or less capable people will end up running those projects. That increases the likelihood of failure and wasted money.

For months I have been proposing an alternate economic recovery plan. My proposal was based not on spending $3 trillion but one trillion.

My proposal is very simple. I suggest that the government set aside $1 trillion and create a state run bank. This bank would issue a short-term limited use credit card. On average the $1 trillion would be given out as a $10,000 credit card to 100 million American households. The range of credit available on these cards would be $5000-$25,000 (hence the average of about $10,000 per household).

The credit cards would be issued with a very simple set of rules. They would only be given to people who are legal residents, or citizens, and who had paid taxes in the last three years. They would not have filed bankruptcy during that period. People would have between 30 and 90 days to use up the entire limit on their credit card. That means “use it or lose it” would be the rule.

This would ensure that one trillion American dollars would jump right back into the economy within 30-90 days. People would be allowed to buy anything legal at any American merchant who accepts these credit cards. These credit cards could even be used to buy an American automobile, if people wanted to. That way American consumers money would be going to American automakers to help them recover – but without it being a no strings attached bailout, as was previously being asked for.

This credit card would not be a giveaway. The entire money borrowed by the consumers would have to be repaid in full, with interest, to the government. However, instead of 15-25% interest rates that most banks charge on credit cards, if they were even issuing new credit, people would be able to pay in this credit card loan back to the government at a nominal interest rate of about 5%.

Even at this 5% rate consumers would be saving a ton of money in interest payments. At the same time even the government would be making a lot more money in interest income than it has been getting from literally giving away taxpayer money to banks at nearly 0%.

Instead of the government trying to set up the infrastructure for doing this, I would have MasterCard, Visa and American Express compete for the business of merchant processing. The condition would be that they would not charge the typical 3-5% transaction fee to merchants but 0.5%
In exchange merchants would have to pass that in savings to consumers. It would still be a win-win-win for everybody.

The credit card companies would still get to process hundreds of millions of new transactions – without having to do any marketing. Merchants would be ensured of immediate new cash coming in through these transactions – without additional cost. Consumers would benefit from the lower costs being passed on to them – without having to wait for expensive credit lines from sleazy banks.

People would have the choice of paying this credit card in monthly statement payments, just like any other credit card. In addition they could also make payments to this credit card loan by adding some of the amount due to the annual taxes that they pay.

Within five years most of the money will be recovered in full, with interest. $1 trillion will immediately go into the US economy to jumpstart it. Many consumers will be able to buy things that they are unable to afford for lack of credit right now. Thousands of merchants will be able to stay in business with the influx of cash. States will benefit from sales tax revenues starting up again. Manufacturers will be able to keep factories running and people employed. Above all, the solution benefits every American, at every level of education and economic strata, not just a few.

I believe my $1 trillion answer is the solution to the $3 trillion question. What do you think?

Posted in 2009, America, Automakers, Banking, Barack Obama, Consumers, Credit Cards, Democrats, Economic Recovery, Economy, Future, Imran Anwar, Investment, Money, Obama, Politics, President | Tagged: , , , , , , , , , , , , , , | Comments Off on The Three Trillion Dollar Question & The Answer Is….

 
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