<p>This was on CNN, but I head it rather than saw it. Some average folks (apparently emailed in) solutions for the bailout. Since there are approximately $300-million people in the U.S., give everyone $1-million to pay off mortgages, cars, credit card debt, recover lost retirement (e.g. from AIG investments), medical expenses, buy energy efficient appliances and the like. The cost not $700-Billion but $300-million which would stimulate the economy, fix the housing market etc. There were other similar one on the same theme.</p>
<p>I saw this comment posted on a Yahoo Finance Tech Ticker board:</p>
<p>“How about this as a solution. Distribute the 700 billion dollars to the tax payers as a rebate. Each tax payer can then decide whether they want to bailout the banks by donating their rebate. Its the tax payer’s money so let the tax payer decide. It’s the only democratic way.”</p>
<p>Back to remedial math folks. 700 Billion divided by 300 million is $2,333. this is the number they have said it costs everyone. This is what you would get , unless you put qualifiers in like only adults, only tax filers, etc.</p>
<p>Thank you singer’s mom. The misunderstandings involved with the bail out are out of control. Paulson and the administration should be ashamed for not helping the non economists understand!</p>
<p>The issues are complex and broad and even a Wharton grad would be confused. Folks honestly believe this is about keeping bankers and CEO’s employed. Senator’s and Congressmen are having a field day pandering to those who are confused. </p>
<p>This is about a credit crunch. It’s about a deep recession. It’s about a lot of American’s believing they could buy homes they could not afford and the equity growth would save them. It’s about other countries gaining power in a global economy. It’s about a deficit both parties created. It’s about a down cycle and needed corrections. In the end it’s about people keeping their homes and jobs.</p>
<p>I don’t think we’re ina depression…yet… only the financial sectors are int rouble everything else is still growing. And there’s another solution for corporations called asset buyback, some are already doing it… sell all oversee assets, pad your balance sheet at home then when everything is stable buy it back…yeahh…the Bank of England is gonna go for that…lol</p>