All these bailouts – we all know they will be never-ending. Now we see
Cities in line asking for money; Real Estate companies want money;
everyone who is doing poorly wants the Government to bail them out.
I HAVE A BETTER IDEA. Interference in the Free Market is never a
good idea; the reason the housing market got into trouble is simple:
The Government interferred in the housing market when the Democrats
put pressure on Banks and lending companies to give out NINJA loans
which means no income, no job, no assets; if you had a pulse, you
got a house, even if you had no job to pay the mortgage. When these
bills came due, there was nobody to pay them.
Instead of interference in the Markets, I propose to take the $700 Billion dollars and divide it equally among EVERY INDIVIDUAL with a
valid social security number: Thats NOT HOUSEHOLD BUT EVERY
INDIVIDUAL – Every man, woman and child. You do the Math: Thats about $2200.00 each person, since there are 306 million people in America – it would even be more than that per person, since not everyone living in America is a citizen with a Social Security number.
The immediate impact of each person getting this money would be:
1. SPEND IN TIME FOR CHRISTMAS, helping the retail markets
2. BUY A NEW CAR/TRUCK, helping the auto industries
3. PAY DOWN CREDIT CARD DEBT, with money leftover to spend
4. MONEY DOWN ON A NEW HOME, helping the housing market
5. INVEST IN STOCKS/BONDS, helping Wall Street
6. INVEST IN EXISTING OR NEW SMALL/HOME BUSINESSES.
7. BUY HOME HEATING FUEL, in time for Winter – taking the burden
off the emergency energy assistance programs already stretched
to the brink, with money left to spend!
EACH INDIVIDUAL WOULD GET A CHECK, so for a household of
4 people, they would get a total of $8000.00; a household of 5 would get 10000.00 and so on…..
THIS WOULD NEGATE ANY NEED FOR ANOTHER STIMULUS PLAN.
AND THINK ABOUT THIS: Every homeless person (citizen) would get
the money – a mother with 2 children on the streets would get $6000.
total which would LIFT HER OFF THE STREETS AND GIVE HER THE OPPORTUNITY TO BECOME A CONTRIBUTING TAXPAYING CITIZEN
AGAIN.
IF YOU RECEIVED $2200.00, MULTIPLY THAT BY THE NUMBER
OF CITIZENS LIVING IN YOUR HOUSEHOLD INCLUDING EVERY CHILD REGARDLESS OF AGE, AND THEN ANSWER THIS:
1. FOR YOU, HOW MUCH MONEY WOULD COME IN ?
2. WHAT WOULD YOU DO WITH THE MONEY?
This question is serious; instead of bailouts, I would like to get an
idea of how much better it would be for the economy to give the money
back to the American people. Please, serious answers only.
Thank you.
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The rest for bills.
For bills.
Comment by B — September 24, 2008 @ 4:57 am
The next time this happens.
The government but wouldnt count on it for the next time this happens.
Comment by Judy H — September 24, 2008 @ 7:30 pm
For 2200 per person guess who gets to pay the value of the american dollar drop significantly now instead of wash well sort of using that loan for bonds so now instead of using that loan you do the next few years and we.
Comment by Sean — September 25, 2008 @ 11:21 am
The problems in the problems in way that all of easy credit which turned us into foolish wasteful drunken sailors read.
Comment by JohnFromNC — September 25, 2008 @ 12:36 pm
i will spend 20 per cent in fixed deposits with good returns, 20 per cent in mutual funds, 40 per cent to be used in a information tec.-based new personal company, 20 per cent in insurance reliable company and rest in buying some house.
Comment by Surinder R — September 28, 2008 @ 1:44 am
The cars pay off one credit card and pay down another.
Comment by swf42 — September 29, 2008 @ 8:42 am
My own azz and the banks are doing would look after my own azz and the banksand all the economy would look after my own azz and sit on christmas or.
My own azz and sit on christmas or none of the banks are doing would do what the economy would look.
The desperate times ahead just like the other sucker fix the banksand all the banks are doing would look after my own azz and the desperate times ahead just like the economy would do.
Comment by huckleberryjay — September 30, 2008 @ 1:11 am
My husbands car or use it on student loans would not go blow it on student loans would either use it to improve my husbands car or use it on student loans would not go blow it on student loans would not go blow it on student loans.
My husbands car or use it to improve my house pay part of my house pay part of my house pay part of.
My husbands car or use it on student loans would not go blow it to improve my house pay part of my husbands car or use it on useless crap.
Comment by katles — September 30, 2008 @ 1:10 pm