Friday, September 26, 2008

Here's a thought on what you can do with $700 billion

In the wake of the recent Wall Street financial crisis and the potentially devastating proposed solution to this crisis, I began to think of all the things our country could do with $700 billion. So many cracks in the foundation of our nation that could be melded together. It is, of course, extremely offensive (at the least) to all the American non-corporate executive multi-millionares to assume that taxpayers would or SHOULD be expected to bail out these executives. Why should we? Why are we protecting those who don't need the protection and making those who do need it clean up their mess?

If we're going to spend $700 billion to clean up this mess, here's my proposal on how to use the money. Instead of the appreciated but also insufficient $600 (or more for those with dependents) economic stimulus checks we all received with our tax refunds, why not use $700 billion to give citizens a susbstantial economic stimulant? Working from the ground up, this money would surely not only give a boost to our economy, but also (even slightly) help those in the debt that's causing this financial crisis to pay some of it off.

And what about the Fannies and AIG and the other failed corporate execs? Either they did themselves out of the grave they dug for themselves or they go under. And if they do go under, perhaps new businesses which will take a lesson from them and run their business properly can emerge. And what's wrong with that?

This may be an over-simplified solution--in fact I'm sure it is. Unrealistic even, perhaps. I've never studied business or economics and honestly don't even fully understand the situation. I think the point I'm trying to make is that there are other solutions out there. And maybe a bottom-to-top solution will do us a lot more help than the already proven to not work top-down approach.

Any other solutions? Please share!

4 comments:

Anonymous said...

I suggest that is the amount needed to provide Sarah Palin with sufficient education to answer a single question without resorting to gibberish.

Barefoot and Pregnant in the Kitchen said...

Yeah I can't wait for the VP debates...and for John McCain to shut up and let Obama speak!

Anonymous said...

Are you going to post about the debates (please answer yes)? I thought they did equally well. McCain's advantage was in being able to describe his long experience and Obama's was in his sincerity. But why wouldn't McCain look at Obama? He reminded me of Rain Man.

In the end, for anyone who is undecided, the threat to national security which is Sarah Palin is the deciding factor in choosing Obama.

Barefoot and Pregnant in the Kitchen said...

Yes, I am planning to...right now actually!