AmeriCAN (Capitalism America Needs)
Looking at the continuing jobless claims, record number of people on food stamps, consumer confidence numbers and then seeing how our government is getting us into unprecedented debt levels, I say to myself.."there has to be a better way".
America is the promised land. We are the world leader in technological achievement. We have abundant resources, plenty of people looking for work, loads of innovators and a huge checkbook (we'll pay for it later).
What will it take to get the largest corporation in the world turned around?
Here's what I would do Mr. Obama
Let's take $50 billion dollars (the way you are spending money it could be more) and create AmeriCAN (Capitalism America Needs)
Call up a few people, like a Meg Whitman and ask her to run AmeriCAN.
Hire a couple guys from Kleiner Perkins, Draper Fisher, Mohr Davidow (top VC firms). These are guys that can read a business plan and determine its potential. Will this business ever make money, how much capital will it need, what pitfalls does it face. These are all questions they ask start up companies every day..they are the experts.
President Obama makes a prime time TV appearance and outlines AmeriCAN (Capitalism American Needs)
(this is what I would say)
"As President of the greatest country in the world, today I am offering EVERY American a chance to fulfill the American dream, to be their own boss. I believe in this country and in the spirit of innovation and capitalism. No good idea should ever be shelved due to financial resources.
We are spending billions of dollars each day while our military fights to provide freedom for other countries.
Here is the proposal I have for EVERY American.
Bring us your business idea or idea that will either create jobs or provide cost savings for an individual/corporation. We will review EVERY idea. If we think your business opportunity has potential, we will provide a zero interest forgivable loan.
Your business idea must either create jobs and/or save companies/consumers money, and we WILL fund it. It's that easy. Some of the most experienced early stage investors and most innovative executives will review every business idea and determine its viability.
You keep 100% ownership of your company if we fund it. If your company needs further financing (and we determine it's necessary), we will provide a low interest loan. We will also allow ZERO capital gains tax if your company is sold within 5 years.
The United States is the largest corporation in the world and we believe in our citizens/employees. Innovation is considered a major driver of the economy and Americans are the most innovative people in the world. Almost 75% of our employment comes from small businesses. They are the heart of this country.
I campaigned on the promise of hope and change. Today I am giving EVERY American the opportunity to change their lives forever with AmeriCAN."
Next up, marketing. Hire a few marketing firms to create the ads for AmeriCAN. Buy ads in magazines, newspapers, and the Internet.
In my opinion, the influx of money that comes from this program will create jobs and boost our economy. This would be a real "stimulus package" because the money will touch many people in many ways. The Govt is essentially investing in the American dream. We have spent billions of dollars on programs I feel were useless and "one time" only.
Allocate $50 or $100 billion dollars for this program. That is a drop in the bucket to what we are spending in Afghanistan or on those new roads we really needed.
Just think about it. Let's say the government provides x number of 100k or 200k loans for start up businesses. What have they done? First they have given x number of people jobs. They know they have a steady paycheck and they become a consumer again. They pay their mortgage again (help the banks out). They buy goods for their business..helping other businesses. One dollar given to a person with a good idea touches many hands.
A good idea or just a "dream"?
The fastest growing site you've never heard of Little Clicks Add Up
Have a great idea? We Invest In Great Ideas