Date: January 26th, 2009
To: Barak Obama – President of United States Of America
From: Urmish Patel – a Citizen living in Addison, Illinois.
Ref: Suggestion on Stimulus Package
Dear Sir,
I have a suggestion to make to Obama's Economic Advisors and I am not sure how to get it to them. Here is my IDEA:
With checks being mailed out as part of stimulus package, people would either put it in savings or will pay off their old debts. Due to the lack in consumer confidence, very few people will spend it. Hence it will not solve the purpose to its entirety. I am sure you want people to spend their money in that way the shelves at retailers get empty and hence the production increases.
My suggestion is to give out a VISA or Master Card for the same amount and people will be forced to spend it out resulting in putting the money back into the market. hence the economy will get jump start. And I am sure we can negotiate very well with VISA or MASTER CARD and we can force them to give these cards for free without any production costs. I strongly believe that this will increase the spending and the money will be rolled back into the economy.
Just a suggestion.
regards,
Urmish Patel
630-673-3143
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