How to Create Jobs

Let’s create thousands of jobs.  The banks foreclosed on more houses than they should have by rubber stamping many of them. Make the banks donate all foreclosures in one city for renovation and then finance the houses at a discount in value.

By doing this you create thousands of jobs instantly. Lowe’s and Home Depot have their forecast of inventory ordered for the coming quarter. Let’s estimate one thousand houses are donated. With the renovations to come you create contracting jobs, manufacturing jobs, professional services jobs, and retail jobs to name a few. A house requires every disposable good sold from Clorox to a Sofa. If the forecast has to be increased to supply the new demand to renovate these houses, these companies have to hire to meet the demand. Let’s estimate 10 jobs for every house donated. If one thousand are donated, that would equate to 10,000 new jobs. Estimating 10 jobs for every house is a conservative estimate considering the building supplies needed to renovate, the jobs to make the building supplies, the jobs to make the sofas, the jobs to make the Clorox, etc. If 10 jobs are created per house, it then turns into more job creation for professional services, such as, attorneys, insurance agents, executives, etc. You then force each bank to finance the houses that were donated at a discount. This teaches a bank a lesson by not being able to lend on a predatory basis.

The banks will say they can’t afford to donate. How so, what did you do with the stimulus money the government gave you to cover the loans on the houses you foreclosed on? This will also provide the new homeowner equity in their house. The banks will still make money due to the interest that is charged on each house.