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This "bailout" would have worked immediately
beneteau
Member Posts: 8,552 ✭✭✭
OK----look at the numbers.
Total bailout commitments, loans and pledges of backing neared a staggering $7 trillion
>Source
As of 2007, there are about 138 million taxpayers in the United States.
Source
$7 trillion ? 138 million = $50,724
If each taxpayer had received $50,000, loans could have been paid, autos would be purchased, people would be buying stock, people would be spending----the economy would be booming.
Nope, we're still bailing out more and more businesses.
Total bailout commitments, loans and pledges of backing neared a staggering $7 trillion
>Source
As of 2007, there are about 138 million taxpayers in the United States.
Source
$7 trillion ? 138 million = $50,724
If each taxpayer had received $50,000, loans could have been paid, autos would be purchased, people would be buying stock, people would be spending----the economy would be booming.
Nope, we're still bailing out more and more businesses.
Comments
that sounds like the print more money solution would not work...
And you think the money given to the banks actually exists?