Sep. 20th, 2008

firesion: (Default)
The government is trying to kill the middle class. Let me do the easy math for you on the current proposed fix. With 700 billion you can buy most of the bad debt from the banking system. This will not make them lend money because they would not lend money on a declining market. We put in 250 billion on Thursday and the banks simply kept the money they did not loan at all.

With 700 billion you could give each person regardless of age in the US $2,303.96 so if you had a family of 4 you would get $9,200

With 700 billion you could give each tax payer $5,072. So the average 2 person house hold would get $10,144

The point is we have already put over 900 billion into large corporate banks in the last 12 months. It has not worked why not try giving the money to the people? At least they would spend it.

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firesion: (Default)
firesion

January 2009

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