Snopes is reporting this as a mix of fact and fiction (largely due to the rather significant arithmetical error), but it's interesting, nonetheless. This first appeared on the website of the St. Petersburg Times last February.
How to Fix the Economy:
Dear Mr. President:
Please find below my suggestion for fixing America's economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.
You can call it the Patriotic Retirement Plan.
There are about 40 million people over 50 in the workforce. Pay them each $1 million severance for early retirement with the following stipulations:
1. They must retire. Forty million job openings -- Unemployment fixed.
2. They must buy a new American car. Forty million cars ordered -- Auto industry fixed.
3. They must either buy a house or pay off their existing mortgage -- Housing crisis fixed.
Except for the rather glaring multiplication mistake, it's a nifty-sounding plan, no?