"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows neither victory nor defeat."

"The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint to keep from meddling with them while they do it."

— Theodore Roosevelt

Lets tax Chinese imports for 5 to 7 years and take the billions we collect and turn them into entrepreneur grants in the amount of $250,000 each.

The strength of our economy is individual ambition, good ideas, solid advice and lastly is the funding.

Think of the innovation that has been created in the US economy with a good idea, 250 grand and the right mentor.

Create $250,000 entrepreneur grants and give participating mentors access to a venture capital network willing to work with the program.

Here is how it works.

We The People, It is our money why can't we choose who gets it?

It is not the government or a banker who decides if an applicant is worthy of the grant it is a citizen who decides.

Each citizen decider/volunteer/mentor has to be a proven business success (a multi-millionaire) and committed to working with 2 grant applications/business plans/entrepreneurs during a calendar year plus be willing to mentor the recipients and work with venture capitalists.

The payoff for the mentor is a tax deduction that is residual.

The tax deductions take effect and the percentage increases with each of the chosen applicant successes (they can pick a couple every year if the program is extended).

Success is determined by a winning applicants hiring of a minimum of 4 employees the first year and keeping them employed for 365 days in the following year after their approval (it is a two year plan).

If the approved applicant continues to succeed in the future years the "mentor" gets a tax break for those years as well and the more his choices succeed the smaller his annual tax liability.

The well screened and pre-approved "mentors" (they have to apply to be a mentor) sign contracts not to steal ideas and can then scan through the web-based business plans database and choose the applicants/business plans they think have a real shot at success.

Access to the venture capitalist database is for the mentors only.

Millions of entrepreneurs could post their plans online and have a shot at not only 250 grand but also a top gun mentor with something to gain from their success.

Even if the mentors game the system for tax deductions by assisting the winning applicants with funding or creating companies the American people still win and hundreds of thousands of jobs and businesses are created.

If the business goes bust and the money is lost, so what it was spent here. Losing the money here is a better than giving it to the Chinese. We enrich our country not China.