FORGET THE JOBS SUMMIT – 5 THINGS THAT CAN BE DONE RIGHT NOW TO STIMULATE THE ECONOMY THAT EVEN TEAM OBAMA CAN’T SCREW UP!
sandstone | November 13, 2009
Here’s what Main Street and small business owners, the backbone of this economy, know … the economy could rapidly go into gear, jobs would return, and consumers would begin spending if Team Obama were smart enough to do the following:
1. Reduce credit card interest rates to 15% or less. Banks should not be allowed to charge their customers more than 3 or 4 times of the savings rate at their banks. In the 70′s, credit card companies were prohibited by law from charging customers more than 12% interest rates. With credit card debt at an all time high, consumers simply will not go out and spend until their credit card debt is greatly reduced.
