Comments on: Email Timothy Geithner & Lawrence Summers

By: SAM - Michigan

SAM - Michigan — Tue, 06 Sep 2011 21:21:35 +0000

Dear President/Treasury Secretary/Larry Simmers,

This is a Humble and a reliable suggestion to bring our country back from recession and UMEMPLOYMENT rate.Economy is going bad day by day..It will keep continue like this until 2014 and get worse if we didn’t acts on it…I know you are trying ur best and I also know that there is nothing much any one ,any us citizens can do until we think out of shell.
There is always solution to this situation and I thought u will think in that direction when u became president. But no one even act on that..We all know that illegals are here in our country. BUT they are not the source of this situation..They didn’t contribute to any of these unemployment that is happening now..the SKilled Unemployment..It is caused by all the WORK VISA folks in our country from places like India and other parts of ASIA,where employers bring in cheap labour force in the name of Skilled Workers into our country and replace our citizens in Jobs. There are around 1-1.5 Million H1 Work Visa Holders in our country, Around 1.5 Million L1 Visa Holders and there spouse work freely in our country, SO 3 Million of those folks who work in our country and there are 3-4 Million EAD Holders in the process of getting Green Card.AND unlimited amount of B1 VISA folks.. All together there are 7 Million WORK VISA folks in our country taking US citizens JObs..And US citizens END up taking Unemployment Benifits..

We are NOT ASKING to cancel these visa immediately. BUT Increase those folks visa fees to $30-40K/ANNUM so only brightest and best people work here in those visa’s. So all these companies will bring in people by paying in premium if at all they are needed in this country(and companies are willing to do that if they think they are best and brightest and NOT CHEAPEST) and will end up Hiring American citizens..At the same time since our govt get 40K as visa fees and can be reused to train atleast 2 US citizens. 7-8 Million Folks that is 50% of our current unemployment.. THINK ABOUT IT Dear President AND POLITICANS. bringing these visa folks only 2 sets of people wins. First and foremost is the lawyers and attorneys as they process the visa and get there share of visa fees in consulting charges. second set of those who gain with those visa folks is cheap consulting business like Indian IT companies and American companies…ABOVE is the only Solution. Give also tax break to companies who hire only US citizens. I can tell u that if we propose this changes Now, and get it in action by December of this year, Buy June 2012 our unemployment rate will be down to 4-5%. IT is Guaranteed. We don’t want to stop offshoring..that will happen irrespective of any thing regulation..America and Europe became the great countries in the world Not because of IMPORT of Labor but by the HARD work of its own citizens.

By: MEG

MEG — Tue, 09 Aug 2011 01:34:02 +0000

Timmy, be a man and resign.

By: Anthony

Anthony — Mon, 08 Aug 2011 21:31:41 +0000

Resign Now. You are awful.

By: Richard Stockett

Richard Stockett — Sun, 31 Jul 2011 03:30:46 +0000

“Sovereign governments such as the United States can print new money. However, there’s a statutory limit to the amount of paper currency that can be in circulation at any one time. Ironically, there’s no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.” How about starting stamping Mon.

By: Luke Prejean

Luke Prejean — Sun, 31 Jul 2011 01:58:21 +0000

Please do not raise the debt limit. This is 110% unnecessary.
Let us pay the bill of what we owe by beginning now and yes we will be in pain for a little while, but do not raise the debt limit. We may have to do without a few things, but again, do not raise the debt limit. Please do not raise the debt limit. Do not listen to President Obama. Do not raise the debt limit please. No. No. No. Stop sending money across to other countries for a second and we must pay our own bills. No, do not raise the debt limit.

By: Di

Di — Sat, 30 Jul 2011 23:45:24 +0000

Geitner, cowboy up with the amount of money the federal government has at its disposal for payments effective 8/2/11! Constitutionally speaking, you owe this information to your consituency, the American people!

By: Jan Waddell

Jan Waddell — Mon, 25 Jul 2011 19:06:36 +0000

Washington (and this administration) is broken. I look forward to 2012 so we can clean up the Senate and the White House. Few people in Washington LISTEN TO THE PEOPLE. CUT SPENDING!!!

By: Barbara

Barbara — Fri, 24 Jun 2011 18:47:17 +0000

Mr. Geihtner – your suggestion of taxing small businesses more should be promoted by telling employers to fire one or more of their people so they can send more tax money to the government. Then, the government will be able to support the families of these fired workers with your higher taxes. How does that work for you?

By: HB Handeer

HB Handeer — Thu, 09 Jun 2011 22:31:14 +0000

Here is a legislative proposal to blow the socks off the public and all the advisors to President Obama on the economy – a proposal which will give a major boost to home prices and temporarily reduce taxes, namely:

Amend the tax code, retroactive to 1/1/2011 through 12/31/2013, to permit individual taxpayers to elect to apply their taxable income for 1/1/2011 through 12/31/2013 to the reduction of basis in residential real property purchased after 1/1/2011 through 12/31/2013 instead of paying current taxes on that income.

It should be obvious why enactment of such a tax code change will boost home prices and reduce taxes, and also flow a lot of cash from tax deferrals back into the economy to counter what your critics in the congress like to suggest are the signs of a double-dip recession.

Now that this idea is on the table, all it needs is someone to run with it!

By: Dorothy Matz

Dorothy Matz — Sat, 21 May 2011 21:25:27 +0000

Greed is rampant in this society. Shame on us. Those in power should stop big business and the banks from disreputable practices. Why do we allow them to gamble on the market? Betting which market is going to go down should be banned. Money should be used to make something useful to humanity.

Big business cares nothing for people. They care only about profit but their profits come from the people. They should serve us. They are nothing without us. The average man is the important factor here. Who built this country? Chinese and Africans laid the railroads. All races built the buildings and laid the roads, not a Wall Street man amongst them. Sure, it was the business man who put up the money (and the profit was theirs), and they deserved to make money from their investment and ideas. But what has gone wrong is they hold too much power now. The United States is now a plutocracy not a democracy.
Shame on us. WE THE PEOPLE are the important factor here and we better share the responsibility of returning to a democracy.