750 billion bailout plan

by loosie 24 Replies latest social current

  • loosie
    loosie

    Ok I am not a major in economics but I have a better idea than bailing out the major companies who lay off workers anyway. I don't see how that is goign to help the economy.

    There are 301,139,947 people in the us according to the Gov library. If you divide 750 billion by the population of the us you get 2.49 million dollars. Why not just give every person in the us 2.49 million. I would but a couple of new cars and a house. If we all had the money we could stimulate the economy on our own.

    Who is with me?

    Loosie

  • treadnh2o
    treadnh2o

    The Bailout is not real money.

    What scares me is Fifty years from now (If Armageddon is not here, Snicker, snicker) This bailout program will be looked at as a complete disaster that hurt our economy long term.

    This is because rather than letting the economy correct itself,as it has so many times before, the Government is artificially manipulating it.

    Artificial economics got us in this mess and artificial economics will keep us in it longer.

    I hope I am wrong but am confident I am not.

  • loosie
    loosie
    The Bailout is not real money.

    I don't understand. Can you please explain?

  • treadnh2o
    treadnh2o

    I mean that it is all paper.

    The people getting it don't see more than a ledger sheet.

    If the ledger sheet goes negative it feels far different than you or I losing everything we have.

    The people receiving this money also have very little personal responsibility for it.

    As evidenced by the Auto industry, they only decided to sell their plans after congress gave them grief about it.

    There was no sense of financial responsibility prior to them being shamed.

    You or I would have made changes in our lifestyle long ago because our money is real.

  • moomanchu
    moomanchu

    750,000,000,000 divided by 301,139,947 = $2,490.53

    oops

  • treadnh2o
    treadnh2o

    There was a similar e-mail being sent around 2 months ago where the math was wrong.

    The real # would be not much more than we got from Bush last year and that did nothing.

  • loosie
    loosie

    Moo

    billion has 12 zeros's

    750 000 000 000 000

  • FlyingHighNow
    FlyingHighNow
    $2,490.53

    Well, if each person in your family got this much, it would sure help me.

  • treadnh2o
    treadnh2o

    "billion has 12 zeros's"

    Huh?

  • FlyingHighNow
    FlyingHighNow

    I just counted 13 zeros. I'm confused.

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