Did You Get A Bailout? How We Can Get US Economy Jump started in 30 Days & Save Our Future

[broadcastmyass4u]

quit addressing obama, address the administration

[jjlinert]

The hardworking citizens of the US deserve a bailout.

US workers work more hard compared to our counterparts in Europe. (not saying people in EU don't work hard, ok)

NO way can most of take a 1 month vacation, & work less than 40 hrs a week, look at the European countries' workers hours &vacation time.

I

[girlgeek73]

One problem I see with the idea-which, is excellent: the merchants who accept the cards. As it stands now, credit card companies charge a commission, or a set fee for each transaction. Would the government, who would be the card issuer, see this as an opportunity to gain more funds-the percentage from purchase amounts and fees from the merchants plus the interest paid by 100 million card holders let's say 5% on $5000-$20,000? Agreement to not charge merchants for transactions on the cards?

[imrananwar]

Thanks for the smart comment. This clip is a summary of the more detailed video also linked above. In that I provide details. American Express, Visa or MasterCard have to compete to manage this program. What they have to do is offer merchants VERY low processing rates (e.g. 0.5-1.0%). After all, they get to transact $1 TRILLION without having to market themselves. Also, merchants have to give part of that 4% discount rate savings to consumers with lower pricing. Win-win-win for everyone. Thanks.

[fakebait]

This would be great, I'll pass it on

[imrananwar]

USA Today: 2008 foreclosure filings set record .

Don't be one of the people losing your home. Take action. Spread this video, click Share and tell others.

[firsttakeproductions]

Outstanding idea, let's get Congress and Obama to watch this.

Kevin