:: What you could do with Seven hundred thousand, million of your dollars ::

By
Real Estate Agent with sales representative : Keller Williams Experience Realty

I have been mulling over the financial total of $700 billion dollars for months now like most of you have. It is as impossible for the human mind to grasp as how many light years the universe is from one end to the other. Steven Hawking might be able to wrap his mind around it but I can't.

What is more amazing is that this dollar amound never uttered at any point previously in modern history seems like it is being sucked into a black hole, again ask Steven Hawking to explaint that. I can't and no one else seems to be able to either.

I had a look online to see how many American cities have populations of a million or more and was surprised to learn it was only nine.

Here is a thought that makes too much sense to me for it to be workable or even considered by a federal government of any stripe. Put the money in municipal hands. The level of government closest to the Americans who own that 700 billion!

Give New York, Los Angeles, Houston, Phoenix, Chicago, Philadelphia, Dallas, San Diego and San Antonio who have populations of over one million people each 5 billion dollars. It will go a long way to help their infrastructure and much, much more.

Give the remaining US cities with populations between 500,000 and 999,999 each one billion dollars.

Ok where are we at? That's 52 Billion dollars. How would the face of Des Moines Iowa change if it had a billion dollars in its coffers? How many jobs could that one city create, how many industries could it encourage to locate there by giving them a ten year tax exemption that might cost a half million dollars (interest on the Billion will more than cover it).

What kind of municipal mortgage protection program could they install to protect the people in trouble with their homes. The help would be temporary because there will be hundreds if not thousands of new jobs generated from that billion the city has to work with. How many parks and seniors villages us aging Boomers will be needing shortly could they create? How many of their schools can they expand and rejuvenate and give the latest computers and books, healthy cafeterias, field trips? How many new police fire and emergency workers could they hire? How many anything can Des Moines generate with a billion dollars to work with? Or El Paso or Fargo or Detroit or Portland..............

And we still have only invested 52 Billion dollars. And the beauty is we know and can see where it went and can witness the results it is generating.

How about taking the remaining 646 billion  and from that give every city town and village with a population of 100 thousand to 500 thousand anywhere from one to 10 million dollars. That will bring us up to around 100 billion. Take another hundred billion and build the worlds best and fastest high speed mass transit system between all major cities. LA to New york in 10 hours. Chicago to New York, Dallas to LA, Seattle to San Fran all within an hour or two. It will be the envy of the world for the next 50 years.

Take another 10 billion and give the country free high speed wireless internet and at the same time create the best online educational system available to every citizen with a computer to learn at their own pace. How much more productive will the entire US become? (Throw in another 20 billion for that) Ok now we have spent 230 billion.

Lets set up a venture capital fund for new business with another 100 billion dollars. That should help allot of people in a very real and hands on way.

Take another seventy billion and give it to charities. and now we are at 400 billion (fifty more than apparently has disappeared into the corporate void with no account so far)

Take the rest and set up the biggest and best scholarship fund the world has ever seen. Make sure the people hired to over see all of this earn a good living but don't have private jets and multibillion stock options, just modest six figure incomes!

Every last one of you is worth it, deserve it and should be demanding it of your congressman/woman. You have a new man in charge in a few days and from what I can see he is the genuine article. I am sure he would love to hear from each of you.

Posted by

 Mike Montague

  

Barrie Power of Sale Listings

Barrie home values

 

 
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Ambassador
2,370,381
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I don't know Mike.  The only folks more tainted to cronyism than the U.S. Congresspersons are the local politicians. 

Actually, about the only way to spend that amount of money is to give it to the Wall Street Gangs who are accustomed to dealing with large numbers.

 

Jan 15, 2009 08:33 AM #1
Rainmaker
362,833
Dean Moss
Dean's Team - Keller Williams Realty Partners Chicago IL - Chicago, IL
Dean's Team Chicago IL Real Estate Team

Mike -

All makes so much sense!  Therefore, it will never happen.

Even if it did, the money would leak through the cities like they were pasta strainers.  You see, it's the UNDERLYING MINDSET that needs to change - and, that's a tough one!

Call or write anytime!

DEAN & DEAN'S TEAM CHICAGO

Jan 15, 2009 08:36 AM #2
Rainer
73,288
Bruce & Mary Smith
Savannah Lakes Homes - McCormick, SC
REALTORS, Savannah Lakes Village McCormick SC

Your ideas make more sense than giving money away with no plans.  Unfortunately, not everyone or every company with their hands out have good motives!  No accountability means trouble.  I cannot even comprehend that amount of money.  According to a news report I heard the other day, the amount of money that will be put into the creation of 400,000 jobs will amount to over $300,000 per job.  Just doesn't add up to me!

Jan 15, 2009 08:43 AM #3
Rainmaker
194,235
Mike Montague
sales representative : Keller Williams Experience Realty - Barrie, ON
"Who Moves You?"

Lenn,

That is a very broad stroke assumption of the integrity of the millions of Americans who work at the municipal government level across the country.

Jan 15, 2009 08:45 AM #4
Rainmaker
974,455
Edward & Celia Maddox
Solutions Real Estate - Queen Creek, AZ
We Take The High Road

I think Congress really has forgotten whose money this really is.  If it were their own, I am sure they would give a lot more thought before spending it like a drunken sailor.

Your Queen Creek Real Estate Specialist

http://www.QueenCreekRealEstateSolution.com

 

Jan 15, 2009 09:03 AM #5
Rainmaker
318,661
Tony Toto
Freelance Writer & Photographer - Travel - Kenosha, WI
The Walking Traveler

If you can't wrap your mind around the amount of $700 billion you will never think big.  You will always be in your comfort zone.

Second, if you give this money to Americans, you need to give equal amount or there will be a bigger uproar.

Third, The bureaucrats and lobbyists for Corporate America will never allow this money to go to the citizens of our country. 

Solution:  Start your own business where there is no limit on your income and invest.

Finally: Americans should be insulted by stimulus checks that are given to them.  A $500 or $1,000 check is nothing but an insult.  Now a $50,000+ check: now we are talking.

Of course, everyone is entitled to their opinion.  Great post.  Thank you!

Jan 15, 2009 09:04 AM #6
Rainmaker
194,235
Mike Montague
sales representative : Keller Williams Experience Realty - Barrie, ON
"Who Moves You?"

Tony, the combined wealth of the twenty wealthiest American families comes up at under half the bail out amount.

Think big?, comfort zone? what kind of macho money guy wanna be statement was that Tony? I just demonstrated about a dozen ways to vastly improve on the state of the nation. It doesn't get any bigger than that.

Fiscal responsibility and transparancy is your right and you should be demanding it upheld at every turn. Turn your back and look what happens...

Jan 15, 2009 09:30 AM #7
Ambassador
876,365
Larry Bettag
Larry Bettag - Cherry Creek Mortgage - Saint Charles, IL
Regional Vice-President

Mike...interesting perspective.  I'm told that everyone in the U.S. of sane mental capacity ( I know ... define that) above the age of 18 would receive $300,000 apiece.  That would create an economic stimulus as well.

Jan 15, 2009 09:35 AM #8
Ambassador
1,104,377
Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Realtor - Atlanta Real Estate

You could buy more political favors and create your own political dynasty.  Your family friends and neighbors and all the persons that made it happen for you would never have to work for the rest of your life.  Judges could be bought, you could appoint politicians that were in a coma and no one would ever question your reasoning.  The IRS would never audit you, the FBI or Justice Department would never investigate you, because you bought off the heads of the agency with loose pocket change. You could get more democrats elected to congress, even though they caused this mess. It is amazing when you think about it .  Great post!

Jan 15, 2009 09:35 AM #9
Rainmaker
194,235
Mike Montague
sales representative : Keller Williams Experience Realty - Barrie, ON
"Who Moves You?"

If I have just evoked a cross section of the mindset of "We the people" then I think I understand a few things more clearly than before I wrote this. I hope I'm wrong.

Jan 15, 2009 10:19 AM #10
Rainmaker
318,661
Tony Toto
Freelance Writer & Photographer - Travel - Kenosha, WI
The Walking Traveler

Think big?, comfort zone? what kind of macho money guy wanna be statement was that Tony? I just demonstrated about a dozen ways to vastly improve on the state of the nation. It doesn't get any bigger than that.

This is no macho money man talk.  Everybody is coming up with the idea of taking the bailout money and giving it to the people.  This is not going to happen despite how many people write about it.  Let's let it go.   Everyone needs to think big for themselves in terms of opportunities that exist because the above scenario will not happen.

 If it does happen, then we will talk.

Jan 15, 2009 04:54 PM #11
Rainmaker
194,235
Mike Montague
sales representative : Keller Williams Experience Realty - Barrie, ON
"Who Moves You?"

"Let it go" Is that to replace "E Pluribus Unum" as the new American motto for the 21st century? Why not Viva Las Vegas?

Jan 16, 2009 08:21 AM #12
Rainmaker
563,876
Mike Saunders
Lanier Partners - Athens, GA

Mike - the first thing to remember is that this money doesn't exist. However, the first place I would give it is back to the people and let them decide what to do with it. The second place would not be to any government entity at all, but to things that would spur private sector jobs. Why private sector, because government sector jobs don't produce, they just spend.

Jan 16, 2009 08:29 AM #13
Rainmaker
194,235
Mike Montague
sales representative : Keller Williams Experience Realty - Barrie, ON
"Who Moves You?"

I do agree in principal Mike and yes, Tony as well. I just sense a tone of helplessness and why bother, from most of the comments here.

If the money is going to be given there has to be government overseeing it and since that is the case, someone needs to be overseeing the government. That seems to be happening to a degree though with the current administration they are oblivious to pressure by the citizens if it contradicts their own ideals.

Just dont let up on that preassure because nothing happens in the first one or two pushes. You can look at history to see that. I think with Obama, like him or not, Americans are going to have more means and opportunity to voice their opinion and concern to governenment and a better sense that someone is actually listening at the other end.

Jan 16, 2009 09:31 AM #14
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Rainmaker
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Mike Montague

"Who Moves You?"
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