The Kennedy Proposal: Fighting Out Of The NCAA Recession

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1. Came off the gold standard—this allowed the government to increase the amount of money in circulation.

2.  Reduced interest rates - this reduced people's debt payments and made more money available to spend, but also encouraged them to take out loans to spend more.

3.  The Special Areas Act (1934) - tried to attract light industries to the 'distressed' areas.

4.  Local councils built 500,000 council houses, which pumped money into the economy.

In conclusion, they are saying that in order to help the economy we must pump money back into it. The FBS playoff afforded by the Kennedy Proposal inhibits this exact idea. Here’s the breakdown.

1. “to increase the amount of money in circulation”, TARP plans to do just that, and now the people and companies will have a major entity to invest in—the FBS.

2. “made more money available to spend, but also encouraged them to take out loans to spend more” Why wouldn’t the people invest in what they asked for?

3. “The Special Areas Act (1934) - tried to attract light industries to the 'distressed' areas.” Perfect. The cities hosting these games would become “Special Areas”. Instead of attracting light industries to distressed areas, we would be attracting people to distressed areas and using the Saturday night lights.

The NCAA is a government, a national government. They are currently yin a Recession and need to expand—the Kennedy Proposal affords them this opportunity.

To view the Kennedy proposal: BCS Mini-Playoff, please click on the following link. Once you have arrived at the website, look under "documents", the Kennedy proposal is the 2nd pdf. file.

Http://think.mtv.com/groups/thekennedyproposal/

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