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QE3 to create 4 million jobs

July 26, 2011

Sent: Thu, Jul 7, 2011 8:48 pm
Subject: QE3 to create 4 million jobs


QE3 to create 4 million jobs ; end economic crisis.

 
JIM LEHRER: …” a lot of people who believe… the key to this from the very beginning was not the financial system… it was the housing problem.
JIM LEHRER: … until that is fixed, can the rest be fixed?
HENRY PAULSON:… when you look at how long it’s taken for these excesses to build up and for these home prices to appreciate to suddenly say, “Maybe government could push some button and make it all go away and solve the problem.”…
HENRY PAULSON:… Well, I have always said that at the heart of the problem is the housing correction. And until the biggest part of the price decline in houses is behind us, we will have stresses in the financial markets and in the economy.” (Excerps from FOX interview.2009.)
The government should step up to help  the taxpayers  and EVERY HOMEOWNER..Fix the housing market ; jobs will be created; deficits will be reduced.The fix is the banks have to get the loans to real value,but their corperate profit agenda will not let them.Over 3 or 4 million loans  need fixing.Done fast  millions of jobs will be available.AMERICA will be the winner,taxpayers ;rewarded.
CALL IT  QE3.
Money lent to the auto industry paid off;DO IT FOR HOUSING NOW.
How much  will TARP lose ?  ANSWER :TARP has shown a profit for the taxpayers (this is a fact). “Slate,08/28/09.
THE SOLUTION:  stabilize prices : increase employment and lower the national debt.
Mr. Ben Bernanke ,Chairman of the FRB has shown us the way.Using QE1 and QE2 ,he has used the US Treasury to print money that properly used did not cause inflation and does not increase the national debt.Money with no velocity.
QE3 is the solution.  
The Federal Reserve Bank is to purchase ALL “underwater loans,Toxic loans and foreclosures at Fair Market Value plus 10%.The FRB will use…QE3…for up to $10 trillion dollars to make new residential loans on resales ,new constrution,foreclosures,and short sales..TAKE THE FIX OUT OF THE BANKS HANDS !
This is an immediate solution to the housing crisis! creates some 4 million jobs in construction and real estate .And as crazy as you might think  it would reduce the national debt . 
The FRB with QE3 money could underwrite ALL new loans ( a special  assumable mortgage ),NOT to guarantee baks to profit,rather for taxpayers to profit !Loans with a 36 yr. term with an int. rate  @3%(1% for cost,2% to double the money as a taxpayer profit)To qualify you must have paid taxes for two years and showed earnings that would allow the LOW AFFORDABLE MONTHLY PAYMENT.A $100,000 mortgage; less than $600 per month for PRIN + INT.
Taxpayers bailout for Taxpayers by Taxpayers paying compounded interest to Taxpayers.
These loans  would provide a $10 trillion dollar TAXPAYER PROFIT! Bye NATIONAL DEBT.Balance sheet would show no increase in debt as it is 100% asset secure.

Mr. Bernanke can do this QE3.State Banks are taxpayer owned and are for taxpayers to make and retain any profit.The Federal Reserve Bank has and even GREATER option for the taxpayers; they do not have to borrow;they can print !,
Heroes are made by time and opportunity.Is it time?
“Just Do It !”

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