The Obama/Johnson Economic Plan


Memo

To: President Barack Obama
cc: Union Leaders, Occupy Wall Street Occupiers

From: Donald L. Johnson

Dear Sirs and Madams,

I am offering this no-cost simple plan to save this economy because I see you are struggling with the solution.
The solution is actually quite simple as I will explain.

First of all spend about 30 seconds on the two lists below, and then skip past them to the plan itself.

Note: I was going to use the word exhibit, but decided to use a simpler word for those Berkley, Ivy League and London School of Economics folks who are under-educated and may have trouble grasping complex things

Now skip past the Lists.

List A: Recent filings in Bankruptcy Court
In 2007, 2008, 2009 AND 2010

  • Lear
    Corp.
    – Auto parts maker
  • General Motors
    Auto
  • Chrysler
    Auto
  • Six Flags
    Theme Park
  • Lehman Brothers
    Investment Bankers (26,000 employees)
  • Bombay Co.
    – Furniture Stores
  • Sharper Image
    Retail Stores
  • New Century Financial
    Financial
  • Linen’s N Things
    Retail (120 stores)
  • Circuit City – Retail
    Over 100 stores
  • Whitehall Jeweler’s
    Retail
  • Friedman’s Jeweler’s
    – Retail (120 stores)
  • Levitz Furniture
    Furniture Stores
  • Wickes Furniture
    Furniture Stores
  • Tribune Co.
    – LA Times, Chicago Tribune & Chicago Cubs
  • Chicago Sun-Times
    Newspaper
  • Levitt & Son
    Major Home Builder
  • Road House Grill
    Chain Restaurants
  • Value City Department
    Stores Inc.
    – Retail Stores
  • National Wholesale
    Liquidators
    – Retail Stores
  • WCI Communities
    Major Home Builder
  • Gottschalks – 58 retail stores
  • DenMark Construction
    Major Home Builder
  • Kimball Hill Inc.
    – Major Home Builder
  • Mervyns:
    Department Store Chain
  • Tousa, Inc.
    Major Home Builder
  • Ziffer-Davis Media, Inc
    Publishing KB Toys
    Retain chain over 450 stores
  • Advantage Rent A Car
    Rental Cars
  • Gold Creek Golf Club
    Golf Courses
  • Bally Total Fitness
    Health clubs
  • Marty’s Shoes:
    – Retail Shoe Stores
  • New Bankruptcies
  • BankUnited – Florida Bank
  • Idearc Inc. – Publisher of
    Verizon Yellow Pages
  • Fortunoff’s – Dept. Stores
  • General Growth Properties –
    2nd largest owner of malls
  • Minneapolis Star Tribune –
    Minnesota’s largest newspaper
  • Pilgrims Pride – Largest
    chicken producer
  • Hawaiian Telecom
    Communication – Largest telecom company in the Hawaiian Islands
  • UIQ – Mobile handsets
  • Goodys – 282 retail stores
  • Flying J – Oil producers
  • Lyondell Basell – Giant
    chemical company
  • All Odds – Retail Stores
  • Nortel – Technology
  • Waterford Wedgwood – China
    & crystal maker
  • Peanut Corp. of America –
    Food Industry
  • Charter Communications –
    Cable Company
  • Trump Resorts – Casino
    operator
  • Spansion – Large Memory
    Chip Maker
  • Monaco Coach -RV Maker
  • Magna Entertainment –
    Pimlico Race Track
  • Rocky Mountain News – Large
    Newspaper in Colorado area
  • Chicago Recycled Paper Co.-
    Greeting Card Company
  • Ritz Camera Center – retail
  • Drug Fair – Drug Store
    chain
  • Chicago Sun-Times – Major
    Chicago Newspaper
  • Greenbriar Resorts – Hotel

STORE CLOSINGS

  • MACYS – 11
    STORES
  • YANKEE CANDLES – 28 STORES
  • OFFICE DEPOT – 112 STORES
  • SEARS – 8 STORES
  • STEVE & BARRY – 173
    STORES
  • CIRCUIT CITY – 700 STORES (all
    stores as of March 8, 2009
  • 99 CENT STORES – 48 STORES
  • DILLARDS – 8 STORES
  • GOODYEAR – 92 STORES
  • BENNIGANS, STEAK & ALE
    – 150 STORES
  • FASHION BUG – 150 STORES
  • ANN TAYLOR – 117 STORES
  • ETHAN ALLEN – 12 STORES
  • STARBUCKS – 600 STORES
  • DRUG FAIR – 13 STORES
  • SPIRIT – 125 STORES

List B: American Corporations Still in Business

  • FORD MOTOR
  • BANK OF AMERICA
  • LOWES
  • HOME DEPOT
  • OLIVE GARDEN
  • NBC
  • Fox News
  • CHEVRON
  • VERIZON
  • APPLE
  • MICROSOFT
  • well you get the picture …
  •  

Welcome back, now let’s get started.

First let me define a word that may be unfamiliar to many of you. “Corporation” is a legal word defining an organization that (hopefully) produces goods and/or services. A Corporation very often consists of a building or buildings occupied by a variety of people; workers, managers, owners and others, even in some cases union members. A corporation very often also contains people who don’t necessarily occupy the buildings. These are identified as Stock Holders, Boards of Directors, Investors and others who are typically not part of the day-to-day operation of the corporation. With me so far? If not, and especially for you under-educated folks with degrees from places like Berkley, Ivy League schools etc. (called pin heads from here out), feel free to take a break and find a business owner, preferably one with a high school education, and maybe some junior college courses. And find one who has at least two employees not of his own family; this will be important when discussing things
such as bankruptcy, unemployment, workers, layoffs etc.

Now Mr. Obama (still paying attention?) let’s take a look again at the lists above, only this time we’ll dwell on them a bit so we can glean some important features of the lists.
Ready?

This may take some additional researching or tutoring on your part, but if you look really, really, really close you will discover that those on List A are dead, as in dead. They no longer contain those human entities described above; no workers, no managers, no owners, no union members, no stock holders, no goods or services and no revenue, tax or otherwise. Gone, gone, all of them dead.

You see, these corporations were the creators and sustainer of all of those things that have now vanished forever from the American economy.

Now Mr. Obama let’s take a look at the second list, and thus your role in this brilliant plan of mine.

The first thing you will notice is that those on List B are still alive with (hopefully productive) people working within. Did you catch the difference in the two lists? I’ll pause here and let you catch up because next up is the plan itself and your important role in it.

Your job Mr. President (here I use your formal title because by following this brilliant plan you will have earned the title) is simply to keep those on List B from moving over to List A. Really simple right?

So how do you execute this plan you ask? A few things:

  • Stop demonizing those on List B; banks, insurance companies, auto companies, Las Vegas and others you have demonized relentlessly.
  • Stop trying to destroy those on List B as in when you try to stop Boeing expansion to South Carolina.
  • Stop immediately your onslaught of new regulation (see also the next step).
  • Get some really, really experienced and smart people (not pin heads) who know business and how to reasonably regulate it (I’m not naïve enough to believe business needs no regulation.)
  • Ditch your precious ObamaCare and help replace it with reasonable market and state based plans.
  • Reduce Federal Government spending by actually cutting spending, not just the rate increase of spending.
  • Study the history of previously failed stimulus plans and realize that they are little more than very large targets of economic opportunity for many scoundrels from federal, state and local governments as well as business owners and unions. 
  • Get serious about debt reduction before it destroys our nation (you’re not you know).
  • Stop this continual campaining in your very expensive “corporate jet” and be a President of all of the United States of America. 

There’s more, but this should get you started.

And you others, Union leaders and Occupiers? Just sit back and watch, you’ll be amazed, and might even find useful employment for yourself.

You’ll obviously notice a very clever thing I’ve included in naming this plan the Obama/Johnson Economic Plan. First of all, you being the smartest man in the world, get first billing by the obvious submission of my name as in the arithmetic sense of a/b (get it, b is beneath a).

This plan is offered gratis (free for you pin heads) and is intended to be used as a correspondence course although if you take my advise above in recruiting a high school business owner you should have no problems. Give me a call if you run into some really hard problems and I am sure we can work a deal if the stimulus money is sufficient for my needs.

Best regards,

Donald Johnson

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