Obama's Stimulus Package is Morphing Into a Monster [View article]
At first I was for the bailouts, figuring they would be more cost effective. Now they don't seem effective, let alone cost effective. The concept of a "comsumer bailout" makes more sense than it did at first pass.
Lets run the numbers: A trillion dollars is roughly $3,500 for every man woman and child in America (legal). Assumming 4 persons per family unit, a trillion dollar "consumer" bailout would translate to $14k per family unit. If this thing gets to be $5T, then you are talking about $90k per family.
You lay $90k on each family in America and the recession is over tomorrow.
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At first I was for the bailouts, figuring they would be more cost effective. Now they don't seem effective, let alone cost effective. The concept of a "comsumer bailout" makes more sense than it did at first pass.
Dec 04 20:41 pm
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All Comments by Bobco23 »Obama's Stimulus Package is Morphing Into a Monster [View article]
Lets run the numbers: A trillion dollars is roughly $3,500 for every man woman and child in America (legal). Assumming 4 persons per family unit, a trillion dollar "consumer" bailout would translate to $14k per family unit. If this thing gets to be $5T, then you are talking about $90k per family.
You lay $90k on each family in America and the recession is over tomorrow.