1,000,000 Squared

From Where Should We Have Learned Our Lessons - 1929? Try 1873

If the issue is credit (or funds) for financial transactions and (as an example) the Fed is attempting to provide liquidity along with the Federal Goverment through the 700 Billion, why not tap another resource of money to help in the mortgage/banking crisis, Immigration.

The problem with the housing market is not enough money or enough buyers with money. As a modest proposal, issue special visa's that align individuals after 10 years for American Citizenship for 1,000,000? A million entrants into the US with a 1,000,000 would provide not just an immediate injection that would dwarf the 700Billion, but it would provide an opportunity for all those 10,000 (and more) foreclosed homes to be sold, occupied, sales tax, property tax and more to be provided for?

The fact of the matter is America is the "ultimate gated community" in terms of people trying to get in. It is in fact American Dollars that are being funneled out of the country either through oil transfers to the middle east or through the walmart effect of industry. Trillions are sitting in the sidelines in Asia (China & India) or the Middle East and even in Russia (the recent oil boom and gas shipments to EU).

The problem is not "too much" immigration, its not enough of the right immigration. Fill the empty homes, refund the banks and financial institutions, and get the economy back on track through high income, high talented, risk taking, willing supporters of American values. Give the 1,000,000 Squared plan a chance to work.