JOB BONDS
9/6/11 – President Obama – This Thursday you are scheduled to give a speech about American jobs. Here's a suggestion I think you can use.
Have Congress create a new class of Treasury bonds – JOB BONDS.
Everyone knows that currently, under the dysfunctional government we have in Washington, there is no way any Republican will support even one dime in new taxes or increased spending. Everyone also knows that without increased revenue and increased spending there will be no new jobs created. The Republicans have you over a barrel. They are determined to do anything and everything to make sure you are not reelected next year. Unfortunately many of your actions have lead Democrats and Independents to begin casting about for a replacement as well.
Americans need jobs and you need to do something dramatic that the Republicans can't torpedo in the way of creating those desperately needed jobs.
During WWII the U.S. Government sold War Bonds very successfully. It's time for something similar.
If Congress or the Treasury were to create a new class of Treasury Bonds, called Job Bonds and designated every dime raised toward new jobs in alternative energy, infrastructure, and transportation projects, I believe average Americans would jump at the opportunity to support this effort.
The new Job Bonds could have a yield of between 3 and 4% over a 10-year life.
I believe billions could be raised because the citizens genuinely want to be employed and the Job Bonds would allow an end run around the Republicans and give millions an avenue to build their savings. I think many Republicans will have a hard time not supporting a program such as this that does not include raising any taxes. They may argue that America would be accumulating new debt by selling these bonds, but I believe cleaver economists can quickly point out the financial benefits of such a program in the long run and I leave those details in your hands.
American voters supported you because
you offered real hope and CHANGE. You and I both know that you have
failed to deliver on many of your promises and much of that failure
can be squarely laid at the feet of the Republican party. America is
tired of failure. Americans want action. Americans want jobs. U.S.
Job Bonds can make their desire a reality. Job Bonds represent real
CHANGE. I have started Job Bonds petitions on the Internet at
www.signon.org &
www.change.org
Thomas Daly
Retired California Newspaper Publisher
www.tomasdaly.com
www.voteoutincumbents.org