Posted 10 years ago on Aug. 31, 2012, 2 p.m. EST by Jimbob123
This content is user submitted and not an official statement
Why Does Romney Reject $1.2 Trillion Debt Free, Deficit Free, Tax Free Stimulus?
Jim Chevalier, a Tampa Bay resident and member of MENSA has provided Candidate Romney with a Stimulus plan to get America back on its feet while adding neither debt nor taxes to our fragile economy. This plan places the recovery of our economy where it rightfully belongs, WITH THE AMERICAN PEOPLE.
In a nutshell the Chevalier Plan allows THE AMERICAN PEOPLE access to $50,000 of their IRAs, 401k, and other retirement funds TAX-FREE. So, instead of earning ONLY 1-2 percent interest (and having the BANKS and WALL STREET charge the same amount), THE AMERICAN PEOPLE could use that money (THEIR OWN MONEY) to pay off their credit cards which THE BANKS ARE CHARGING 20-25 PERCENT AND BREAKING THE BACKS OF THE MIDDLE CLASS.
What else would AMERICANS do with that money? BUILD AND EXPAND THEIR OWN BUSINESSES. SPEND TO STIMULATE THE ECONOMY. SEND THEIR CHILDREN TO COLLEGE. Whatever the people know is best for America.
The beauty of the Chevalier Plan is in it’s simplicity. NO GOVERNMENT AGENCIES (NO COST). NO SPECIAL INTERESTS, NO SPECIAL FAVORS. Just giving the average American access to the tools he or she needs to build America back to the greatness that is the result of the hard work of the AMERICAN PEOPLE.
WHO GAINS FROM THE CHEVALIER PLAN? The Middle Class- Imagine the collective sigh heard coast to coast as 60 million Americans wake up to find they are no longer burdened by credit card debt. That’s an extra $300-$3,000 in their pocket each and every month.
The Lower Class- Contrary to what some people think, the poorer people in America are not looking for a handout. They are looking for a JOB, and this plan provides real jobs.
Entrepreneurs- Now that the banks have tightened credit to small businesses, a new source of capital for start up and expansion is needed. Again, provided by the plan.
The Auto Industry- People would now be able to use their own funds to replace their worn out vehicles- WITHOUT HAVING A MONTHLY PAYMENT.
Every other industry- Without being burdened by credit card debt, Americans are now free to spend that extra $300-$3,000 per month on consumer goods.
The American Government- With less unemployment benefits going out and more payroll taxes coming in, the government will be on a more sound financial footing. WHO LOSES?
The Banks- Sorry Mr. Banker, you have enough of our money.
Wall Street- Sorry Mr. Broker, you also have enough of our money.
America is in trouble. And it won’t be fixed by MULTINATIONAL CORPORATIONS, THE BANKS, OR WALL STREET. Indeed, America can not be fixed until politicians learn to rely on the true backbone of this great country- THE AMERICAN PEOPLE.
If Romney Doesn’t Believe in The American People, What “AMERICA” does he believe in?