US Population is closer to 330 Million. The bailout was for $700 Billion, USD. Doing the math, that results in $2,121.21 cents for each citizen of
the US. I have no idea where you guys are getting your numbers from
Now, if you look at the hidden $8.5 TRILLION that the Fed has printed and givwen away to... well, who knows since they're not telling, the
"trickle-up" number would be $2,575,757.58 for each man woman and child making every citizen and instant millionaire! The reason that would not
work is that inflation would balloon so fast that it would kill the economy all by itself.
No, the RESPONSIBLE thing to do would have been to prop up the banks who have acted responsibly, allow the irresponsible ones to fail but prop up
their depositors during the failures and THEN issue $10,000 checks to non-taxpayers, $25,000 checks to those earning $50,000 to $150,000 and $10,000
checks to those earning over $150,000 a year.
People would have used that money to a.) pay off debt which 1.) gets debt off the banks books and converts to liquid assets, 2.) allows people to keep
more of their money each month from payroll since they are not paying usuary charges on debt and spend it; and b.) go an spend it which would
stimulate the economy.
Remember this is OUR MONEY to begin with! Why not return it to the hardworking people who are suffering the most. The bastards that ruined the
economy are hardly hurting at all with their hundreds of millions of dollars - they shouldn't receive help. Just look at the bastard in charge of
Lehman Bros. - he believes he should receive a $10M bonus because "The losses could have been much worse if not for [his] leadership." Bullocks!
HE FAILED AND SHOULD RECEIVE NOTHING!!!
My propsed bailout would have cost less than a third of what has been spent already - which has accomplished basically nothing!