It is my childlike and somewhat juvenile opinion that the bailout of America is starting at the wrong end of the spectrum. While government has decided to give large companies money, the average citizen still doesn't have the money to spend on the product. That being said, wouldn't it be more beneficial to all if money was given to the citizens instead of to the large companies?
The population in the United States is approximately 303,824,640 and out of that about 80,000,000 file tax returns. The stimulus/bailout package is running at about $747 Billion (that is nine zeros following the original three). So, by my math, if that money was instead divided between the American taxpayers, they would receive $9,837.50. Even if everyone just spent 1/2 the money and hid the other half in their mattress, that is still almost $400 Billion going back into the economy. With that much money being spent, it seems our economy would get the kick-start it so badly needs. Do you think the people running the country even thought of this? Wouldn't it be easier than what they are doing now?
2 comments:
Caroline for Secretary of The Treasury! One unknown in your math. If the banks go under will there be anything to stimulate?
Maybe the little banks a la It's a Wonderful Life will come back in vogue. I love my credit union and feel very safe with my money there.
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