What would you do if you had $1 million dollars?

Dear President-elect Barack Obama;

I am a small business owner. I do quite well for myself as I am in a knowledge-based business servicing the youth sporting market and the retail services industries. I also dabble a bit in coffee and Web 2.0 consulting.

I was running some numbers this afternoon on the bail-out plans that have been proposed to date. As I look back on my college days some 20 plus years ago and my classes in English Literature — specifically with regard to American literature of the mid to late 1800s (Hawthorne, Dreiser, Meliville, etc) — I was struck with what is to me a strangely obvious fact. Modern capitalism has run its course and the current financial crisis is the front wave of a new economy.

At its basics, capitalism is providing money to build infrastructure for making goods and to a certain degree, providing services with the promise of a return on its sale or sale of the goods produced. Having been in a service industry all my life, I am not unaccustomed to “cramming” a product economic model (“making widgets”) into a service model. It really doesn’t work but we lied to ourselves just the same.

This country no longer makes things. We provide services; we assemble components. The old capitalist model where we invest in machinery, buildings, factories, etc for making goods is dead. It has been dying for a very long time. As such, funding the economy from the top down is not a viable option. There will be no trickle-down benefit as the economy will only swell and move if the bottom tiers start spending and buying goods and services. Yet, they can’t because they have no ready cash.

Capitalists talk in billions of dollars. Ordinary citizens talk about hundreds each week. Investment banks talk millions in transaction per day. Small business talks about hundred of thousands in revenue. When you pour $700 billion into Wall Street, it is like dumping a gallon of water into the Pacific Ocean. When you pour $1 million into a small business, it is like filling a bathtub with a fire hose.

Here is my proposal:
– Establish a fund of $400 Billion dollars.
– Give $1 Million dollar grants to 400,000 business that are ready, able and willing to provide services to a service-based economy.
– Each business can then afford to hire 6 people at a salary of $40,000. With health care, taxes, equipment, etc. that should equal about $60,000 investment for each employee.
– That leaves about $640,000 left for materials, computers, advertising, marketing, etc.
– Encourage a strong multi-generation team, such as Gen Y, Xers, Boomers and beyond. Working together, we make a difference we all want to experience.

That puts about 2.4 Million people to work, building knowledge centers for teachers, creating software to better manage health care systems, providing new event marketing systems for brands, creating better time balance management systems for new parents, perhaps even finding a cure for some diseases. The infrastructure of services you will jump-start will sustain itself well past the year the US Government will fund.

Your campaign proved the model. Small amounts of money spread across millions of people who are motivated to creating a better world than was left them works. We are ready, willing and able to make the change.

Lead us and help us say, “Yes, we can” one small voice at a time until it becomes a thunderous, mighty roar.

Warm regards,


PS I look forward to seeing the new puppy Malia and Sasha pick out!

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