Mr.President, what you must do immediately
In order to get us out of this recession and back to relative prosperity in record short time, you must do three things as outlined below. Before listening to the objections from the "economic experts" that you have surrounded yourself with, you should read and understand TriConomics and then ask your economic experts to read it as well and find fault with it as they always must when something conflicts with their currently held beliefs. You should realize that "experts" only exist in fields of inquiry where controversy exists and the correct answers have not as yet been established. For example for many centuries there used to be experts on the subject whether the Earth was flat or round. As soon as it was universally accepted that the Earth is round the experts on that subject of controversy disappeared. Economics is still a dismal science with very many unsolved questions in controversy and thousands of "expert" economists offering up their theories. So you can safely assume that all the economic advisors you have surrounded yourself with have very few correct answers to whatever questions you may pose to them. Progress in any field of expertise is not driven by experts because the role of "experts" is to protect their currently held beliefs from any new ideas that are in conflict with their currently held beliefs. Experts in all fields of knowledge actually stifle progress by opposing any new and therefor different ideas. Experts are the www.GuardiansOfTheStatusQuo.com .
The economic advice you and your predecessor Bush apparently have gotten to stop the current disastrous recession is of no better quality than what can be expected from the science of economics that is about at the same level as was Alchemy in the Dark Ages with the charlatans that called themselves alchemists trying to make gold and the elixir for ever lasting life. The current financial community has apparently found a way to make gold out of nothing by talking you and Congress into robbing us "The People" to give what is ours to them, the banks. Sort of like "Robbing the poor to give to the rich". We are really getting the best government that money can buy. But that certainly is not your fault. It is our fault for allowing it to happen.
The three things you must do immediately:
The immediate objective is to increase consumer spending, nothing else is as important as that, not even your illnesscare concerns. Talking about that, how about concentrating on prevention and not give illness insurance to anyone unless they do illness prevention by doing exercise and eat healthy food http://www.plasmacirculation.com/ but that would be a disaster for socialists, because it would bankrupt the illness industry and reduce illness by about 75% which in turn would force the pharmaceutical industry into bankruptcy. Besides, what would we do with all these unemployed people? Well I have (like iPhone) an app for that. TriConomics provides for all those unemployed people. Sounds like socialism? Far from it, stay tuned for the full featured TriConomics manuals.
But first here are the 3 things you must concentrate on to revive the economy in record time. If youdo these 3 things you will be a shoe-in for a second term in the White House and that is likely of your interest. If you carry on with the economic schemes you are being fed by your economic advisors from the banking industry, you will be a one term president. As we all know, the main problem that plagues the economy is low consumer spending, low consumption of goods and services. This bankrupts all kinds of retail businesses, trucking lines, manufacturers, restaurants etc. And that in turn creates massive unemployment on an ongoing basis because all the unemployment makes for even less consumption and creates further business failures in an ever more downward spiraling fashion. Less consumption, more unemployment, additionally less consumption, more layoffs etc.
So the single most important thing you must do is boosting consumer spending. But consumers cannot spend if they have no money. So the first order of business is to get money DIRECTLY into the hands of consumers. Not give truckloads of our money to the banking friends of your economic advisors. All the money that the government gives to anybody is obviously our money. "We the people" own whatever the Government owns. We own the Government, or at least that is how things were meant to be. Unfortunately "We the People" have not been vigilant enough to notice that all the special interests have purchased or outright stolen our governments away right from under our noses. We do not have any access to our representatives where we can propose the ideas we have. But here are the 3 measures that will boost consumer spending in a hurry and will guarantee you a second term in the White House:
1. The Federal Government must issue national Debit cards to all the over 300 million people that have a Social Security number (this includes babies and small children). The Federal Government must fund those cards to start with $200 per month with the stipulations that the money must be spent within that month and that it cannot be cashed out for other purposes than consumption of goods and services (of course we understand that at least 20% of the people will get around that by reducing the spending of their own money by $200 and spending the debit card funds instead, but 80% succes is still good for $48 billion per month being added to consumer spending). The amount of the monthly funding can be adjusted from month to month. Judging from the economic results and whether the supply of goods and services increased enough to counteract the inflationary pressure of the greater consumer spending. Because consumer spending will drive prices up and production of goods and services that consumers want to consume will drive prices down. If more products and services are offered to the market than what consumers want to consume then prices will go down but when consumers want to consume more products and services than are available, prices will rise. It is an important function of government to stimulate both production and consumption in such a manner that prices are stabilized to not create large swings upward or downward and all the time stimulate DOMESTIC production of goods and services. The funding level in subsequent months can be adjusted up or down from the $200 level according to the behavior of the prices up or down during every 30 day period in which the impact of the consumer spending on prices is monitored. This National Debit Card funding system can be very closely fine-tuned. Where the money will come from to fund the cards is explained below. We are NOT going to have burocrats determine who should be eligeable for the debit cards or whether rich people should get the money or not. We are supposedly in a democracy where everybody is equally treated. So even multi millionnaires will get their monthly funding. They also will stimulate the economy by maybe going an extra time to a restaurant. We are not either going to determine what the money must be spent on (such as cash for clunkers). So if someone wants to spend the money on part of a vacation abroad, that is OK. No restrictions. That way the consumption will increase very evenly over the full spectrum of the economy, similarly in reverse of how the economy evenly declined when it went into recession.
2. Fund all the governments at lower levels of jurisdiction with all the mony they can absorb with local infrastructure projects that they have stopped and enough money so that they can start up new local infrastructure projects that are ready to go but that they had no money for. This way they will rehire the contracting companies that were fired by them as soon as they ran out of money and they can hire new contractors to start the mew projects that are ready to go. They can also re-hire their own government employees they have laid off or that they have put on short work hours and it will also prevent future layoffs. Yes I know that most local governments are as inefficient and corrupt as the Federal Government is, but they are the prime locomotive that is in ready position to get this wrecked train moving again. I do not care that many local governments have often a lot of the money disappearing into the pockets of politicians and burocrats that are dishonest, but I don't care, because corrupt government employees will always be with us and the money they steal goes also into the economy to stimulate consumer spending. After the economy is going again we can get all these governments in touch with TriConomics and how to become more efficient and more productive in the future. We can also do some extra auditing and promise jail time for the ones that get caught. This will result in immediate increase in employment through all the subcontractors that hire back people to clean parks and do landscaping
3. Cranking up some signifficant militatry production would be getting our train moving again as well (hold your horses, You don't have to use those extra weapons, you can stockpile them. don't worry, I will teach you true economics below). Other manufacturing industries can be stimulated as well such as you are doing with the "cash for clunkers" funding. In fact comsumer goods manufacturing should be stimulated and subsidized the most because it will create deflation and that then allows the pumping in of more money into the hands of consumers to increase consumption again (which will add to inflation to balance off the deflation created by the higher supply of consumer goods produced). After all those tasks you can implement what you will learn from TriConomics with which you will guide our economy toward its new record high living standard that would easily support some of your socialist schemes (that, by the way, would all violate TriConomics itself but might get you some additional votes for your re-election in 2012). You would be remembered into the next millennium and rewarded with a second term in the White House and maybe posthumously you would even get an "Obama Memorial".
The bottom line
The only thing that you must take care of immediately is a dramatic increase of consumer spending/consumption. We must not waste time to correct any other problems at this time. We don't have the luxury either to allow all the lawyers in Congress to pompously dispense with all their oratory, to hear themselves talk. After the economy has recovered we can tackle all other perceived economic problems and socialist schemes you may have in mind (I hope that you will have been cured of socialism after understanding TriConomics and my very important http://www.universaldemandlaw.com/ .
Dear Mr.President you are blameless BL
All kidding aside, you are not to blame for this economic mess we are in. Surprisingly, your predecessor cannot be blamed either even though many will blame the Bush administration for this Worldwide economic mess. All your predecessors and all government leaders at all lower levels of jurisdiction can not be blamed for not knowing how to guide an economy to optimum prosperity when the only source of knowledge about matters of economics is a bewildering pile of misinformation created by the alchemists of economics that call themselves economists. There is a small amount of good information mixed in. But it is totally buried under the garbage pile of misinformation and economic myths.
Allow me to explain by way of comparison
The state of knowledge of what is often called "The Dismal Science of Economics" is not much further advanced than was the trial and error practice of alchemy in the dark ages. The two best known schemes of alchemy were to turn some common metals into gold and silver, and another aim of the alchemists was to create an elixir that could cure all diseases and give ever lasting life. Among the alchemists were quacks and charlatans that together with bankers gained the confidence of investors to invest in their various gold making schemes (still an ongoing scam today) and selling the potions and lotions that supposedly would cure all illness and prolong life (still an ongoing scam today)
Alchemy was not all bad
Alchemy has turned out not to be all bad because it gave us a bewildering pile of misinformation with a small amount of good information mixed in. From ancient Egyptian times until February 20th , 1773 that large pile of mostly misinformation was collected. Sifting through that mountain of garbage information to find the few pieces of good information resulted in the beginning of modern chemistry on February 20th, 1773, when Antoine Lavoisier wrote in his laboratory notebook "the importance of the end in view prompted me to undertake all this work, which seemed to me destined to bring about a revolution in . . . chemistry. An immense series of experiments remains to be made." Lavoisier is generally credited with being the "father of modern chemistry". Evenen though many others had come to useful conclusions, it was Lavoisier who in 1789 started the "first chemical revolution". with the publication of his "Traité Elémentaire de Chimie" (Loosely translated "Elementary to Chemistry"). After publication of that first collection of conclusions describing the principles and laws of chemistry it would have been foolish to persist with alchemy experimentation and not heeding the newly defined principles and laws as described by Lavoisier in his, what could be called, handbook of chemistry.
Dear Mr.President you will be blamed if . . .
You will be blamed if you will not read and heed the principles and laws of TriConomics with which in future all governments at all levels of jurisdictions will optimize the economies under their jurisdiction (at least that is what I expect will happen when TriConomics has survived all the negative attacks from special interest that are currently in power via the people they bought in government).
"The Dismal Science"
The state of knowledge of what is often called "The Dismal Science of Economics" is today still no more than a small amount of good information buried among a mountain of garbage of misinformation. We will call it alchenomics for its similarly backward state that chemistry was in when it was preceded by alchemy. It clearly appears that the charlatans of alchemy are still with us today, but they are nolonger operating under the name of alchemist, because the dubious practices of alchemy have long been understood by the general public. Instead they now operate under the name of economist because the pile of economics garbage information has not been sorted as yet so that the general public is not aware yet of how we are swindled out of our money by the alchonomists of today.
The moderday quacks
Among the modernday alchemists are quacks and charlatans that together with the help of bankers gain the confidence of investors to invest in their various gold making and other schemes and some, with the help of health insurance companies sell the potions and lotions that supposedly would cure all illness and prolong life (some of them do, but many of them don't).
The most expensive collusion
Some of the worst, most expensive and best disguised collusion schemes of current alchonomy are perpetrated by the taxation industries, banking industries, insurance industries and the illness industries all of which have contributed generously to the garbage pile of misinformation with deliberate falsehoods that have become standard accepted knowledge by the general public and the media.
Wasting the only asset an economy has
All of this current alchonomics causes recessions and depressions because the only asset that an economy has (people working hours available to the economy) is squandered on worthless unproductive employment. The kind of employment that does not producw products,or services that are willingly consumed by consumers (explanation below).
Alchonomics is not all bad
Alchonomics has turned out not to be all bad because it gave us a bewildering pile of misinformation but with a small amount of good information mixed in. From ancient Egyptian times until April1, 2005 that large pile of mostly misinformation grew into the large heap of misinformation and snake oil we call economics. Sifting through that mountain of garbage information to find the few pieces of good information resulted in the beginning of modern TriConomics on April 1, 2005, when Alf Temme first published http://www.automatictax.com/ , a tax reform proposal that combines the over 30,000 (thirty thousand) different taxing agencies (including the IRS) into a single form of taxation that eliminates all need for accounting and filing of tax returns and being subjected to audits. It also eliminates the terrible intrusion of privacy that comes with the insane 65,000 page IRS tax code and the privacy intruding and freedom robbing abusive powers given to all taxing agencies everywhere in the World.
Creating a better system
Why not do the same for economics that Lavoisier did for chemistry, sifting through the whole mountain of total garbage information of alchonomics and find the few pieces of good information and build on those to create TriConomics.
On April 1, 2005, Alf Temme (like Lavoisier) wrote a note to himself in his electronic online notebook as follows "the importance of the end in view prompted me to undertake all this work, which seemed to me destined to bring about a revolution in . . . economics. An immense amount of analytical thinking remains to be done." Alf Temme could be called the "father of modern TriConomics".
Many others came before
Even though many others have come to useful conclusions, it was Temme who started the "TriConomics revolution". with the publication of his "TriConomics Handbook" in the year 2009 (not finished yet).
Foolish to ignore TriConomics
After publication of that first collection of conclusions describing the principles and laws of TriConomics it would have been foolish to persist with alchonomics experimentation and not heeding the newly defined principles and laws as described by Temme in his, what could be called, handbook of TriConomics.
Mr. President, you promised change
We have not seen much of the change you promised during your campaign and that may be a good thing. I am afraid that all the plans for change you have in mind are in grave violation of the concepts and guidelines as explained in TriConomics and that would mean that you would be doing additional long term socialist damage to the already battered USA economy.
The good news
The good news is that you are a demagoge who can move mass opinion very quickly and effectively and you are the perfect person to successfully implement and promote TriConomics. If you were to successfully implement TriConomics, you would be a shoe-in for a second term in the White House and you would change the whole World economy and all of mankind toward new levels of unprecedented prosperity and higher standards of living.
The bad news
The bad news, Mr.Obama, is that you have surrounded yourself with an army of "experts" that would hardly would allow you to implement TriConomics because it would greatly reduce the opportunity for the large monopolistic economic power blocks to practice their Monopoly Terrorism on us "the people". Yes, the real dangerous economic monopoly "terrorists organizations" are within our borders and many of them have "terrorist cells" right in the government.
Simple TriConomics guide lines
These excellently simple guidelines of TriConomics will turn the economy of any country into a very prosperous and recession proof bonanza. Prosperous economies have no need to go into debt to meet the government budget requirements and therein lies the real problem of TriConomics for the banking monopolies. Debtfree economies are not a good thing for banks. All the people, Mr. President, that you have surrounded yourself with are only interested in the best interest of the banking community. The best interest of the banking community is, you guessed it, INTEREST. And the way they create interest is by inducing the various governments or forcing them into creating DEBT. National and local government debt that is. Debt that is guaranteed by the government and therefor it is debt guaranteed by all the people under such dumb governments. Debt that is virtually without risk to the lenders.
It takes a lot of courage
Mr. Obama, you actually would have to develop the courage and the backbone to go against the advice that is given you by experts that are or were members of the powerful banking industry. They will not like anything that will keep governments out of debt forever. You should replace all these special interest representatives with very analytical TriConomics specialists that can assist you in determining which parts of TriConomics you should tackle first and which will give the economy the most bang for our efforts. You wanted change, here is the best opportunity to create the kind of change your constituency was hoping for when they applaudet your charismatic speeches.
From this point on down there is a lot of repetition, looking at TriConomics from slightly different angles, clarifying it some more with slightly different explanations:
First things first
The following proposal, if implementd immediately (time is of the essence) will stop further unemployment and bring unemployment back down to 6% levels in less than 9 months.
Sitting around and doing some more studies or waiting a little longer for the results of the "too little too late" stimulus experiments would be almost criminal and a further indicator of the impotence of the charlatan windbags in Congress that are currently waving their crooked economic magic wands to the benefit of the lobbyists that represent the members of the financial industry. Holding news conferences and making rosy predictions may help a little but implementing TriConomics will result in an instant turnaround away from recession and toward new and, now with TriConomics, ever lasting prosperity.
So what is TriConomics?
The concept of “TriConomics” has been created by an obscure economist. He is the manufacturer of the now well known 4 minute per day exercise machine all manufactured in America and sold since 1990. This is also one of these seemingly too good to be true ideas that have come to reality and have been proven to be correct.
TriConomics can be compared to a tripod stool
TriConomics refers to a three-pronged economic program. The economy can be compared to a tripod stool the three legs of which represent Production, Distribution, and Consumption. When any one of the three legs becomes either shorter or longer, the stool will be out of ballance and will be in danger of crashing. In order to prevent an economic downturn or crash, the government must immediately restore the balance between the three legs by applying the measures as prescribed by TriConomics.
The following proposal focuses only on the immediate solution to the current economic crisis (August 2009), and a complete TriConomics operating manual and maintenance manual is being developed into a book. That book will become the complete guide to propel any economy toward optimum recession proof prosperity.
The key question is - which country will have the intelligence and foresight to make a quick decision and become the first government to implement TriConomics policies to optimize its economy? Immediate opposition can be expected from all the special interests that would see their power dramatically reduced by TriConomics. Their fully paid for politicians in government and their own people in the media can be expected to try to crush any implementation of TriConomics in any country.
First theTriConomics emergency repair manual
Before implementing TriConomics we must first do emergency repair on the economic disaster that was created before you, Mr.Obama, came onto the scene. You are blameless for the disater recession that was created before your election to the White House. You can be blamed for not giving the economy immediate and effective CPR. But help is on the way with these emergency TriConomics CPR instructions.
We must not try to correct all wrongs and perceived problems all at the same time because that would worsen the problem shortterm. For example, if you were stuck in the middle of the desrt with a flat tire, it would be wise to fix the tire and not make a washlist of other things that need fixing, such as maybe an engine overhaul, new shocks, fixing a small radiator leak and other such things. You must to fix the tire first and get out of the desert before you dehidrate some more. So the first order of business now is to stop the downward spiraling of the economy by giving a mega boost to consumer spending. Because it is the consumption leg of the TriConomics tripod stool that is short and it is getting shorter with every additional increase in unemployment.
TriConomics consists of three distinct manuals:
1. Economy Repair manual.
2. Economy Operating Manual.
3. Economy Maintenance Manual.
This open letter will only deal with the Economy Repair Manual and only the Emergency Repair Section of it because it is the most urgently needed action to stop the bleeding :
TriConomics Repair Manual 1:
Stopping the bleeding
TriConomics likens the economy to a tripod stool of which the three legs represent 1.Production, 2.Distribution and 3.Consumption.
The length of the three legs must be monitored and no leg must be allowed to get too short or too long, otherwise the stool is out of balance and will fall over. The economy will start spiraling down into recession at an often accelerating rate. When the consumption leg is shorter and it is not immediately propped up by government intervention, the distribution leg will become shorter as well with retail, wholesale and trucking employee layoffs and eventual store closures, trucking line bankruptcies, distribution warehouse closings. In turn that will result in fewer factory orders and factiory layoffs and factories closing. All that additionally created unemployment translates into ever less consumer spending and the additional shortening of the consumpion leg of the tripod stool and of course additional spiraling down decline of the economy.
Consumption leg is too short
Currently the consumption leg is dangerously short because banks have stopped lending and consumers have run out of money to spend. That lack of consumption has reduced distribution and has caused layoffs in retailing, wholesaling, trucking, services and marketing. It has closed stores, restaurants, trucking lines, distribution warehouses etc. That in turn has affected production with fewer factory orders for products and that in turn has caused layoffs and downsizing of factories or has closed factories alltogether with additional unemployment as a result. All these lost jobs in distribution and production have reduced total income that would be available for consumption and then the downward spiral can take its next turn down toward depression.
A downward spiral
We will be in a downward spiral that can only be halted with immediate money infusion into the consumption leg of the economy. Not just randomly infusing money just anywhere in the economy such as is done now by giving the money that belongs to the government, the taxpayers' money, to those sectors of the economy that have done particularly badly and have contributed most to this big economic failure. Giving money to the failed financial institutions is wrong because it rewards failure and punishes success. The money must be given directly and immediately to "us the people, the consumers". It is our money, so give it to us rather than to the special interests and their armies of lobbyists in Washington. "We the People" will put that money directly into the consumption leg where it will stop the downward spiral immediately and stop the bleeding.
The money will trickle up quickly to the financial institutions as well and give them the money that you Mr. President and Congress are giving them now directly and bypassing us, the actual owners of that money. By giving us "the people" our own money directly to increase consumption, that money will wind up at the banks anyway and help them with their financial Ponsi schemes and other problems.You and the Congress are giving them our money by the truckload and we are the ones that actually can make much better decisions ourselves how we want to spend the money and get it much faster into the economy than what is being done currently. This money distribution to us the people must be done immediately. And I mean IMMEDIATE. Not a few weeks or months of behaving like deer caught in the headlights or Congress having weeks and months of deliberations about it, because the downward spiraling continues every day, every hour every minute and it is happening fast with many extra job losses.
Stopping the downward spiral requires extremely fast action. Not the kind of sad sluggish indecision that drags the economy ever deeper. Dear Mr. President, we know that you can talk and we were very impressed with your speeches. But now you must act and we need that CHANGE you were promising and that we have not seen anything of. We have only seen you read some more speeches off your teleprompters. Swift action of an untested commander in chief who is going to have to win the battle against the depression beast is needed. You do not have the luxury to do a few months worth of studies and economy stress tests with Cristina Romer in charge. I have listened to some of the http://www.economicplanning.com/ she spoke about and I am thoroughly underwhelmed. Please have this proposal turned into a speach that you can read from your tele-prompter to us "We the People". It will restore the economy in a hurry and it will restore confidence in you.
But, there is a big BUT
Giving money to undeserving segments of the economy like overbloated local governments, banks and failing industries should still be done if it will preserve jobs in the short run. The faults with those undeserving entities can be addressed AFTER the economy has recovered.
Propping up the consumption leg
The only immediate objective is to prop up the consumption leg of the economy. After consumption has been propped up to stabilize the downward spiraling of distribution and production, the economy will have recovered to where the rest of TriConomics can be implemented.
Too much of a consumption stimulus that cannot be balanced by a simultaneous growth in distribution and production will cause inflation. A little overstimulation that creates inflation is better than too little stimulation that will delay economic recovery (the mistake that Rooseveld made and that you are about to repeat). Stimulation of the consumption leg must be going hand-in-hand with stimulation of the production and distribution legs by strong financial and legislative support for American manufacturers large and small.
How can you get billions into the consumption leg in the fastest possible way? Not by giving banks and financial institutions a few hundred billion dollars and hope that they will inject that money into the consumption cycle. That will not happen. The bankers will just cover their losses with it and say “Thank you very much” and they will start piling up enormous profits for which they will give themselves salary raises and bonuses.
Neither can you get the money quickly into the consumption cycle by proposing large infrastructure projects in the distant future. Infrastructure projects take at least a couple of years of planning and going through government approvals, and we all know how slowly all government entities function. There are currently only $40 billion worth of infrastructure projects nationwide for which the planning has already been done and these would be ready to start immediately. That is too little and way too late for getting us out of this recession as quickly as possible.
The emergency response
So what is this magical TriConomics plan for stopping the bleeding within three months and returning to prosperity in another six months? The fastest way to get a few hundred billion dollars into the consumption cycle in a measured way that will prevent too much inflation is as follows:
1. Local governments have run out of money because they all have unintelligent tax systems and they are laying off people in large numbers and have halted most local infrastructure projects. To pump money directly into the economy and stop some of the additional unemployment from rising, the Federal Government must immediately fund all lower levels of government, at State, County, City, and community levels with assurances of ongoing funding until the economy has improved to an average 6% unemployment at which time the Federal Government subsidies to local governments can be carefully tapered off.
There are very few governments that are solvent but others cannot make their irresponsibly bloated payrolls and are laying-off thousands of people (the Peoples Republic of California is the worst of them). The immediate generous funding of all local governments at all levels will prevent further layoffs and will fund local government infrastructure projects that have been put on hold. It will quickly pump billions into the consumption leg on the local government level while at the same time creating employment for all the subcontractors that perform the infrastructure projects for the local governments. The money must be given to the local governments with the mandates that all infrastructure projects and other contracts will be started up again immediately. Also there should be a mandate that lower levels of government become similarly efficient and productive such as private enterprise businesses are likelier to be. Lean and mean should be the goal, but it would be mandated to be a gradual small percentage improvement every year.
2. The second and most important emergency TriConomics repair measure is the issueing of National Debit Cards. The Federal Government must swiftly issue National Debit Cards to all the citizens and residents that have a Social Security number (including small children and documented aliens) and fund these debit cards with $200 immediately, with assurances of another $200 every 30 days thereafter. This debit card funding must be with the proviso that each funding must be consumed within 30 days and cannot be cashed out or saved. This funding of the debit cards will be done equally to all Americans no matter whether they are millionnaires or poor people. The wealthy ones will maybe use the money for an extra meal out in a restaurant and by the poor ones to help make ends meet with food purchases at the grocery store. All money not consumed within 30 days of funding will automatically revert back to the government because the Federal Government will fund the next 30 day funding by electronically removing the not used funds and makking the new $200 funding. With an assumed minimum of 300 million active Social Security numbers existing, the first $200 debit card funding will put an immediate $60 billion into the hands of consumers followed by $60 billion for every $200 monthly funding. Monitoring the effects on the economy during the first 30 day period will determine increases or decreases in the funding amounts for future 30 day funding intervals. You may think that $200 per month is too little, but this funding of the Consumption leg must be done very carefully so that the consumption is not exceeding the availability of goods and services. Feeding money in too quickly will cause inflation, feeding it in too slowly will prolong the recession. Properly educated TriConomists will have to help in the decision making process for funding amounts and in stimulating distribution and production simultaneously and when to slow funding down or increase it according to the increase in production of goods and services.
Carefully increasing consumption
These extra billions into the consumption leg will keep having an after effect because most of the money will circulate through the economy indefinitely one or several times per month and keep consumption demand going more and more. That will stop store closings and will rehire people in distribution and production. At any time when the consumption increases start outpacing the increase in production and distribution, then the feeding of the debit cards can be gradually turned down.
Where does the money come from?
Where does the money come from to fund the local governments and the National Debit Cards? For now we will just say that the money will come from the same sources as the money that is so lavishly given to the very undeserving banking industries that are NOT bringing it into the consumption cycle.
For the purpose of the TriConomics Repair Manual, we do not have the time to argue about the source of the money to fund the Local governments and the National Debit cards to stop the economic bleeding within 3 months and returning to decreasing unemployment in an additional 6 months.
We will use the money that is currently earmarked for projects in the distant future because it will bolster the economy quickly and thereby increase tax revenues faster with which the future infrastructure projects can be funded. Precise funding explanations will be given in theTriConomics Operating Manual.
Congress delays
We cannot afford the delays Congress creates with considering all manner of trial and error schemes. We need to feed the money extremely fast and directly into the consumption leg of the economy to boost consumption. It would be delaying the emergency TriConomics Repair phase. Every delay will cause more unemployment and further reduction of consumption, distribution and production.
We do not have the luxury
We do not have the luxury of time to do in depth studies and debates in Congress (while the economy is spiraling down with massive unemployment and business bankruptcies and factory closings). We will have to take a reasonable amount of money from the huge sums of money that are slated to be given to the financial and insurance industries and fund local governments with it and fund National Debit Cards with it. There will be an immediate benefit to the financial and insurance industries as well because the banks will of course wind up with the float of all these funds while the funds flow from consumers to goods and service providers and keep floating through the banks from account to account for many transactions thereafter.
For details on TryConomics Operating Manual and TriConomics Maintenance Manual you have to wait a few weeks until I have put the finishing touches on those until they will be ready for publication. When the remainder is finished it will be published.
Run the economy like a good factory is run
An economy needs to be run exactly like a factory. I am a manufacturer and I am as pompous as to believe that any midsized manufacturer understands more about the economy than the majority of economists and politicians because they are just theorising about economics and they do not have to live it day in and day out. Most economists and most politicians could not run a hotdog stand with a profit. No wonder they make such a mess out of the economy.
Compare the economy to a complicated machine
Manufacturers have to run a factory while making a profit and they must know how to maintain their machinery and they must know how to quickly repair those machines when they break down. When a single machine breaks down in my factory, it must be fixed immediately without delay. Machines must also be on a preventive maintenance schedule and they must be lubricated to prevent breakdowns as much as possible. Most machines in a factory are like links in a chain, where each link represents one step in the total manufacturing process of a product. All the other steps in the manufacturing process are also slowed down when one of the links breaks. To get the most production out of his machines, a manufacturer must have operating manuals, maintenance manuals and repair manuals. A manufacturer must also have educated people that have learned to operate, maintain and repair the machines.
When a machine breaks down
So when a machine breaks down a manufacturer does not have the luxury to allow that machine to remain in disrepair very long because every minute, every hour, every day that broken down machine will slow down all the rest of the manufacturing processes in the factory and that would require laying off employees in the other processes of manufacturing that are laid still because of the single broken down machine. Also the manufacturer does not have the luxury to conduct studies of a few weeks to find out what happened and then hold some conferences of another few weeks to learn how to repair the machine and convene a committee that deliberates another few weeks on a decision of how to go about the repair. By that time the factory would be shut down and all the workers would have been sent home.
A manufacturer needs manuals
A proper manufacturer has his operating, maintenance and repair manuals that he has studied beforehand and he is prepared in anticipation of a breakdown so that he can immediately start on the repair. A general in the army engaged in a battle cannot stop the war for a few weeks to conduct some studies of how best to conduct the war. The war would be lost in a hurry if we were to go about it that way. The general and his staff have to come up within minutes or at the most hours with a decision for a counter attack. They prepare for these battle situations by following courses in warfare at West Point where they study the equivalent of operating manuals, maintenance manuals and emergency instructions for war situations. And so it is with the economy. But surprisingly the commander in chief and his staff have no such things as operating manuals, maintenance manuals and repair manuals for the economy. They are totally unprepared to react effectively and fast to any breakdowns in the economy. In the absense of such manuals they may have an excuse for their haphazzard way in which they react with trial and error solutions to the economic problems they encounter.
Economics are currently practiced very much like alchemy was in the Dark Ages with alchemists concocting all sorts of potions and formulas with which to magically create gold and the elixir for everlasting life.
I will give the government the manuals
So, because I am a manufacturer, I think like a manufacturer and I have decided to write the manuals that any government cannot possibly operate without.
The current practice of running an economy must stop. I call the current practice alchenomics.
Alchenomics is a disorganized pile of loose economic recipes for potions of alchonomics written by the most revered alchonomists that have in the past shown minor results with creating lead instead of gold. I have done my own research for TriConomics and I believe that I have come up with 3 very good TriConomics manuals 1.Repair Manual, 2. Operating Manual and 3.Maintenance Manual, with which the Commander in Chief and his staff can successfully learn and implement TriConomics. I also will make certain that these manuals will be available to all other economies in the World so that all can benefit equally even though many of those countries may not like us very much right now. They may like us better after they have been tought how to repair their own economies and have developed recession proof economies and high standards of living of their own and are no longer dependent on our handouts in exchange for their raw materials and their labor that we currently buy from them for very low prices. That way they can solve their own poverty and health related problems Worldwide. Sort of like giving foreign aid to all countries in the form of triConomics operating manuals without having to pay them money, teaching them how to fish rather than giving them the fish.
Only TriConomics Phase 1 for now
This "Open Letter To The White House" deals only with the highest priority TriConomics Phase 1, the all important emergency Repair Manual that only needs to be used once, because after that we will create with TriConomics Phase 2 and 3 a recession proof economy that will rise to a very high standard of living. Some of the recommendations in TryConomics Phase 3 will be harder to implement because they will be difficult to get through Congress. Some wounds need drastic surgery to cut out the festering parts instead of just putting some bandaids on it and allowing the wound to get bigger.
We must first prop up the Consumption leg
In the present situation, if the shorter Consumption leg is not immediately propped up, the other two legs of Distribution and Production that have already gotten shorter because of the lack of government action, will get shorter as well to where the formerly tall TriConomic stool will look like a farmers milking stool that will have to be used again when the automatic milking machines have gone on the blink. The Consumption leg of our current economy that became shorter already in the last quarter of 2007 was not propped up immediately and the then government inaction did contribute toward the slide into the current deep recession. Washington made no immediate attempt to prop up the Consumption leg and the economy, predictably (by TriConomics) slid into recession. Congress and The White House, acting like deer caught in the headlights, first started acting (much too late) in early February 2008 with a small $152 billion Stimulus Act of 2008 which provided for $600 rebate checks for taxpayers earning less than $75,000 per year ($1200 for couples earning less than $150,000 per year). But sadly enough the urgency of this sort of stimulus was not understood and the checks were sent out THREE months later allowing the economy to decline for another 3 months. Of course to their credit the government made the correct choice by injecting that money directly to the consumer where it will have the fastest result for increasing Consumption. Increased consumer spending is the primary tool to lift an economy out of recession.
Give some of the money to us, it belongs to us
The money that is currently being given by the truckload to the special interests that have more lobbying power than "We the People" have in Washington, will not do much good for the economy at all in the near term to increase consumer spending and consumption. The economy needs a blood transfusion immediately into the Consumption leg of the economy, because that leg is collapsing from the lack of consumption by us, the consumers, because we have no confidence and no money to spend.
Stop rewarding the loosers for their failures
Those huge amounts of money are actually rewarding the very segments of the economy that have brought the economy down. It is typical of recent governments to reward failure and punish success. That is not the right method for schools to get better grades and it is not the right way to stimulate an economy either to get better grades from the financial sector or the automobile industry. Rewarding failure (paying these large sums to the failures in the economy) and punishing success (letting the successful segments of the economy pay higher taxes) will only create more failure in the future and create less success.
Just do it. Don't first study it for many weeks
Just distribute directly to "Us the People" a fraction of the money that is now squandered on undeserving financial sector companies and failing large industries ( I believe however that the money to these failing sectors of the economy will eventually help the economy and with some modification should be given to those loosers). It is our money in the first place and we will put it to better use immediately by creating immediate consumption that will bring the economy back to life. We the people own the government and all it owns, including the money and the bonds that are printed by the government on a regular basis. It is all ours, so let us have some of what is ours in the first place.
It will stop the bleeding right away.
Consumption needs to be boosted immediately. You cannot inject the billions only at the banking level and billions to the few industries that have the best lobbyists and cry the hardest and have done the worst job. You can only hope that the money will eventually trickle down to the consumer level. That trickle down process will happen eventually but it is much too slow for immediate recovery. So give some of the money directly to us the consumers and to us at the local government level where we can keep a better eye on it and force our local governments to behave prudently and throw the lazy, rude and dishonest people out of local government.
The big illness industry
By the way, one of the products I manufacture http://www.fastworkout.com/ would solve 60% of the illness problem in the USA. That would be a bit of a problem for the illness industry of course but nothing will happen very fast because people have plenty of bad health habits left to be good customers of the illness industry for a long time to come. Besides the illness industry will be able to keep advertising its products by absorbing massive amounts of advertising media with "Ask your doctor" type of advertising (only allowed in the USA and one or two other countries. It has the same effect on sales as advertising of tobacco products had before it got outlawed). The massive advertising budgets for illness related products and services is nice for media advertising but it drives much of the advertising for consumer goods out and therefor depresses consumer spending. In fact the negative public pressure on all forms of advertising also depresses consumer spending. Promoting all forms of advertising and discouraging the public's pressure against all forms of advertising is an important role for governments at all levels. More on that in the full explanation of TriConomics.

to be continnued