Economic Downturn Has Finally Arrived!!

[celstu1]

We at my work had an idea.

Personally I was totally against the bailout program and was bummed when it did pass. This administration is working AGAINST the people of the United States. Especially the middle class. So whatever they proposed would probably not be likely to help those who make this country 'turn' so to speak.

The people I work with said that every taxpaying citizen should get $100,000 from this bailout and LET them stimulate the economy. Some will pay off or put down a big chunk on thier house and refinance into a more solid loan, some will save it, but mostly some will do a little of everything with it. Pay off some of their house, spend some of it frivously like a vacation or a shopping spree for christmas and put some in the bank. It would make the 'banks' hurt for a little longer, but eventually the money will trickle up to the banks and everyone would be happy. We'd be in debt still, but at least the goal/objective of the bailout would have been met.

Dont' you love our idea? haha This idea came from a group of very smart people, most of them 50 or so years of age and who lived through the depression of the 80s.

[DianaB]

Originally Posted by celstu1

We at my work had an idea.

Personally I was totally against the bailout program and was bummed when it did pass. This administration is working AGAINST the people of the United States. Especially the middle class. So whatever they proposed would probably not be likely to help those who make this country 'turn' so to speak.

The people I work with said that every taxpaying citizen should get $100,000 from this bailout and LET them stimulate the economy. Some will pay off or put down a big chunk on thier house and refinance into a more solid loan, some will save it, but mostly some will do a little of everything with it. Pay off some of their house, spend some of it frivously like a vacation or a shopping spree for christmas and put some in the bank. It would make the 'banks' hurt for a little longer, but eventually the money will trickle up to the banks and everyone would be happy. We'd be in debt still, but at least the goal/objective of the bailout would have been met.

Dont' you love our idea? haha This idea came from a group of very smart people, most of them 50 or so years of age and who lived through the depression of the 80s.

I like that bailout plan!!!! It would have certainly helped our economy. It would have helped in all areas by sales taxes, income taxes, and the paying off of debts. I've always said that about cutting taxes and letting the people spend that money. The money would just go around and everyone would be helped.

I think that it won't be long before we're a socialist nation anyway. I heard several people comment on it during the campaign. The rich get richer and the poor get poorer!!!! Looks like we're on our way........sadly to say.