Monday, January 21, 2008

Ellisblog Stimulus Package

Well, it's not mine, actually. It's the brainchild of one Leonard Yablon, my neighbor and friend and the former CFO of Forbes. And it goes like this:

1. Allow individual 401K withdrawals of $12,000 for the next 100 days.
2. Individual withdrawals up to $12,000 will be tax free.
3. The result should be an immediate infusion of $120-180 billion into the economy.
4. Which should stablize the markets.

There are other plans out there. But the Yablon Plan seems the easiest to get done fast.