CHESSNOID

I think we have all become numb to the numbers that both the BUSH and OBAMA administrations have wasted on the government sponsored bailouts and stimulus bills.  First of all, when you talk in billions and trillions it is a meaningless number and hard to grasp the concept of its true enormity.  We just know it is a lot of money.

However if you break it down in different terms such as if  we were to split that up among American households and gave them the opportunity to spend it, then more people would understand.  Fox Business:

The New York Times did some taxpayer-bailout number crunching and found that through March 2, the government has made commitments of $9 trillion (that’s $9,000,000,000,000) to support the struggling financial system, and actually so far spent $2.1 trillion (that’s $2,100,000,000,000), on investments (purchases of assets), loans and insurance or guarantees.

In crunching the numbers a little further, FOX Business’ Team Washington finds that the U.S. has spent $18,584 per household to shore up the financial system, and has committed a total of $79,646 per household. (What else would your share of the bailout buy?) Remember, you (the taxpayer) stand to get this money plus interest back. But, as one “Where’s My Money” reader points out, there are no guarantees in life (nor loans). We’re sure the average belly-upped subprime borrower had all intentions of repaying his or her loan, too.

In addition to this spending to cure what ails the finance sector, the U.S. is planning to spend $6,965 per household to stimulate the economy.

How do you stimulate the economy without spending more than what is planned? Well, just imagine if all the bailout money spent so far was appropriated to every American household to the amount of $18,584. People would have spent that and the economy would have started up again.  Our government has decided to let a select few benefit from the massive taxpayer bailout money already spent.  The results were massive layoffs, the highest unemployment rates, creation of many tent cities, and still record breaking number of foreclosures aka the Bush-Obama Depression.

Now, let’s take it one step further.  What if the committed total amount of $79,646 per household was actually given to every household instead of these bankrupt companies and its CEOs.   There are many states where you could actually buy a condo or house free and clear for under $50,000.  Most of them are foreclosed and sitting empty.  That would still leave plenty of money to buy those cars that Detroit can’t sell. Wow!  If every household was given $80,000, they would spend it into our economy and actually get it going.  Empty foreclosed houses would become occupied, tent cities would disappear, and car dealers could start moving its inventory.

I don’t believe in bailouts nor do I support them.  However, since we are doing them we should at least allocate it to American households and get the most bang for the buck  (which is not Wall street but Main street).