honalieh
UKC Forum Member
Registered: Jul 2003
Location: PA
Posts: 2162 |
Bail Out Perspective!!!
I'm not talking just about the auto companies. A lot of other industries are hard hit also. Where's their help going to come from?
$700 Billion Bailout. How much is that? Well, the population of our country is approx. 300 Million people. Do the math. $700 Billion divided by 300 million people is $2,333.33 each.
Now, let's put this in perspective :
Family Size --------- Amount
----1------------------$ 2,333.33
----2------------------$ 4,666.66
----3------------------$ 7,000.00
----4------------------$ 9,333.33
----5------------------$11,666.66
What's your family share of this $700 Billion Bailout based on the above?
(1) Do we really trust the management of grossly mismanaged companies to manage this money properly? I don't!!!
(2) These companies, though American in name aren't so much American companies as they are international companies. They are owned by investors from around the globe. So, it's really an international investor bailout for both foreign and American investors. Putting the companies in charge of this is the same as trickle-down economics (part of the reason we're in this mess). It's putting the fox in charge of the henhouse! So, we subsidize investors (American and foreign), and hope it trickles down and creates American jobs. That's not where I'd want to put my share of the bailout money!!!
Now, for my family of 3, my share would be $7,000. If it were offered as a stimulus as before, it would go straight into the bank. But, if it were use it or lose it, I would use it. So would every other family in America. Think that wouldn't stimulate the economy?
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