Wall Street Breakfast: Must-Know News [View article]
On Apr 01 08:31 AM Hedged In wrote:
> "The U.S. government and the Federal Reserve have spent, lent or > committed $12.8T to rescue and stimulus attempts so far. That's 14 > times the $900-odd billion in circulation; almost equal to the entire > 2008 U.S. GDP; and works out to $42,105 for every man, woman and > child in America." > > Perhaps it would have been better to give $42,105 to every man, woman > and child in America. If a coupon was given to every taxpayer for $20,000 to purchase a car, when the coupon is redeemed the government pays the auto companies the $20,000 everyone wins. NO?
Wall Street Breakfast: Must-Know News [View article]
On Apr 01 08:31 AM Hedged In wrote:
> "The U.S. government and the Federal Reserve have spent, lent or
> committed $12.8T to rescue and stimulus attempts so far. That's 14
> times the $900-odd billion in circulation; almost equal to the entire
> 2008 U.S. GDP; and works out to $42,105 for every man, woman and
> child in America."
>
> Perhaps it would have been better to give $42,105 to every man, woman
> and child in America.
If a coupon was given to every taxpayer for $20,000 to purchase a car, when the coupon is redeemed the government pays the auto companies the $20,000 everyone wins. NO?
Wall Street Breakfast: Must-Know News [View article]