Mike Strieber said:
I heard something on the radio this morning, don't even know who said it but it was interesting.
There are 330 million people in the US. Why not give each one of them one million dollars? It's a lot less than the bailout package and there would be some serious spending going on. I understand the demand for credit would go down, but not for long. Americans are good at blowing through their cash quickly....especially "free" money. Mortgages, credit cards, personal loans, etc. would be paid off (at least by the responsible citizen). The loaners would be flush with cash again. I could get a new Tak, hell I'd buy one for Rod also. The only downside I can see right now is we would all fall into Obama's "rape the rich in the name of those more worthy of their success" tax plan. Some folks could even use the million to replace the small business they lost due to Obama's plan. It's a win-win.
Mike
330 million times $1 million = $330 trillion which is somewhat more than the $700 billion cost of the bail out package. You must be using Bush trickle down math!