Thursday, October 30, 2008

Money, Money, Money, Money.........Money!

Just an idea...

Today I thought about how much good $700 Billion could do for us regular folk (those of us making under $50,000 a year). On a hunch I looked up the latest Census Bureau numbers and found out that their are an estimated 227,719,424 U.S. Citizens, 18 or older. Now, take the $700 Billion that is most likely going to bailout large corporations & wealthy CEOs... if we divided that money equally to all of these U.S. Citizens 18 and older, we could each get $3,000 and still be saving the federal government over $16.8 Billion!!! I am not good with math, but I checked this several times with a calculator. I know that to those large corporations and their wealthy CEOs that $3,000 is nothing... probably a nice business meal. But to those of us not making a hell-of-a-lot it would be a fantastic bonus, or even a badly needed infusion of cash.

To take this further, if we all spent half of what we got ($1,500 each) that would mean $341,579,136,000.00 going directly into the hurting economy. I know that might not be a big deal to the proponents of 'Trickle-Down' economics, but it would be a start.

So how about we get most of it, the government can split the rest between all the companies vying for their attention (ahem, GM) as long as none of the companies send any more jobs overseas. Maybe this isn't the best idea, but I think we might want to try it.