My mom has crazy ideas about politics..but this one may be right

United States
October 28, 2008 5:22pm CST
My dear old mom is really mad about the corporate bail outs. Especially sense all the CEOs are going to get multi million dollar bonuses out of it. So this is what she thinks should have been done. She said that if anyone should have gotten the money it should have been us the american people. It is our tax dollars. That way we would have money to pay our bills off and spend money that would boost our ecomony. Well I started thinking about it and did alittle research. I could not find out how many people filed taxes in 2007 but I did find a site that said our current population is at 439 million. The bailout was around 700 billion. So that means every person (not household but every person) would get around 1.59 million a piece. YOu could use the money to pay off all your bills ( that would help our credit crisis), buy a house if you wanted or pay off the one you already own (that would help our housing crisis), invest in the stock market for your retirement (which would help the stock market), buy health insurance (which would help with the uninsured crisis), or pay for kids education (which would help with the education cirsis we have in this country). It would be yours to decide how to best spend depending on your families needs. We have a consumer based ecomony so putting the money in the hands of consumer might be the best idea. Maybe mom was not so crazy after all. Do you think that the corporate bail out would help us more or my moms plan?
2 people like this
5 responses
@jend80 (2068)
29 Oct 08
giving money to the people? isn't that like socialism
• United States
29 Oct 08
yep. That is why I was not in favor of the bail out at all to anyone. But my mom is more liberal leanings than I do.
@taface412 (3175)
• United States
28 Oct 08
What's your mom's name? I'll write her in on the fourth...LOL Yes, this would make sense considering we all got the economic boost checks this year if we filed right? Well, I am sure the big wigs will never fall for this and others who might fear losing their jets and limo rides might get nervous. Or we could have used that 700 billion dollars towards our deficit considering we are the ones funding this bail out anyhow. I am sure your mother would have voted No on the bail out unlike our two candidates who voted Yes.
1 person likes this
• United States
28 Oct 08
You better believe mom would have voted a big fat NO. She is so mad she is just about spitting nails. Not a pretty picture trust me
1 person likes this
@ClarusVisum (2163)
• United States
28 Oct 08
Where in the world did you get that 439 million number? The U.S.'s population is more like 305 million: http://www.census.gov/population/www/popclockus.html
1 person likes this
• United States
28 Oct 08
I found a sight online for an estimate of our population as of this year. I could not get hard numbers so if you found one than great. I thank you. Which means even more money going to each person. What do you think of the idea. Do you think it would work?
1 person likes this
@gewcew23 (8011)
• United States
28 Oct 08
I must disagree with the numbers, and the logic. Yes the economy is based on consumerism, yet giving out inflated dollars to anyone will just make everything you buy more expensive. Now if the return money was in the form of a massive tax cut, like doing away with the income tax then yes I am all for it, but I do not think that is what we are discussing.
• United States
28 Oct 08
Mom had one of her ideas and I thought I would just run with it alittle and see what I came up with. It was estimated numbers. The one thing that shocked me about it is that is what the bail out is probly costing us per person. I think I am going to just start saying I'm sorry to my kids now because htey will be the ones to pay for it.
2 people like this
@xParanoiax (6997)
• United States
29 Oct 08
O.K. this would be hard enough to pull off without negative repercussions in smaller amounts. You're assuming it'd just come out of the pile of money just lying around D.C. that we give to them every year -- but they overspend that by alot, especially during times of war... Someone already pointed out that the U.S. population is a little above 300b, so it's a numbers game if we're gonna consider how big a toll it'd take over all...because they'd just print and borrow this money to give it to us, which further devalues the dollar (which is hardly worth anything these days, despite the occasionally rises in competiation with the euro...which has been seeing bad days itself lately). The bail out bill itself, hardly any of that money won't equal inflation. And actually, more than 700 billion will be spent in this bail out...I heard some estimates that were in the trillions by some pretty smart economists...so. The PROBLEM, of course is, that regardless of whether the bail out money is spent or not -- banks failing also could result in enormous levels of inflation. The less your money is worth, the higher the prices for regular things (ALOT of food was not even grown or manufactured within the United States for example). So actually, it'd be like stabbing a monster hoping to kill only to be broken in half as its tail swings around at you. Now, if they decided..."OK. We'll just stop spending so much money ourselves and take much less from our taxpayers"...then this would help people alot, and wouldn't equal inflation. They can't do that while fighting a war, they're struggling to give soldiers proper equipment as it is...but with all the uncertainty around whether a new deal will be made so that our troops can continue to stay in Iraq and how if no deal goes through...all our activity there completely halts... *points up* This is ALSO technically a little crazy idea. But it's all abot how you organize your priorites. Obviously, without the people there can be no government, so the government must put itself aside a little for the people in this proposed scenario.