How to Fix the Economy in 5 Easy Steps, the Newberry Doctrine
September 20, 2008 - AMELIA ISLAND, Fla. A real solution has emerged for fixing the United States economy. The idea originated on a blog and has addressed the real problems without costing the taxpayers a fortune.
The Newberry Doctrine starts with the basic idea that the natural flow of money is up and as such “injecting liquidity” at the top of the economy is a solution that just will not work.
“The solution to this crisis is so obvious that people have not even considered it,” said Doug Newberry, Author of The Newberry Doctrine. “There will be no solution that does not provide relief to the consumers. My simple 5 point plan will address all the issues and allow every economic class to participate in the recovery.”
The Newberry Doctrine lays out a strategy for refinancing owner occupied homes, tax relief for working families, re-structuring consumer debt and providing low cost loans for infrastructure projects and alternative energy initiatives.
There is even a point that gets all passengers vehicles running on natural gas in just ten years.
“Wall Street and Washington are looking at the trees rather than the forest,” Newberry said. “It’s very easy for them to think that the solution is on Wall Street just because that is where the problem is, but they would be wrong.”
The Newberry Doctrine relies on the basic principle of trickle up economics. That is the idea that all wages eventually turn up on Wall Street as savings, investment and corporate profits. The doctrine supposes that by injecting liquidity at the worker level, it will all end up on Wall Street eventually anyway while allowing all levels of the economy to participate along the way.
“The problem is not nearly as dramatic as they are making it out to be,” Newberry said. “Putting consumers in a position to actually pay their bills and save responsibly will be the only real solution to this crisis. Bailing out failing institutions is exactly the wrong thing to do.”
Doug Newberry has been the editor of the Market Toolbox Newsletter for over ten years and now is the host of The Market Toolbox Live, an online show about trading in the financial markets. Mr. Newberry is also a Director of the Investing Systems Network, a financial software firm with customers in more than 70 countries.
For additional information about the Newberry Doctrine please visit:
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- Douglas Newberry
- Investing Systems Inc
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