$700,000,000,000 Best case scenario (and it sucks)

[spaz163]

To be honest I am not much of the politcal type but 700 billion dollars is a lot o cash. What would happen if instead of giving it to wallstreet... they split it up evenly amongst all of the legal us citizens... I don't know off hand how many people are in the US right now but I bet it would be a decent chunk of change for each person...

[pb4ugo]

Originally Posted by spaz163

To be honest I am not much of the politcal type but 700 billion dollars is a lot o cash. What would happen if instead of giving it to wallstreet... they split it up evenly amongst all of the legal us citizens... I don't know off hand how many people are in the US right now but I bet it would be a decent chunk of change for each person...

Redistribution of wealth, the founding tenet of communism.

[JThiessen]

Originally Posted by spaz163

To be honest I am not much of the politcal type but 700 billion dollars is a lot o cash. What would happen if instead of giving it to wallstreet... they split it up evenly amongst all of the legal us citizens... I don't know off hand how many people are in the US right now but I bet it would be a decent chunk of change for each person...

That would come to about 425 bucks per person. Woo Hoo......

My thought(s):
Everything in our country is overpriced - from houses to medical to common labor to stocks to even RC's!
Jobs are being exported overseas in bundles because our US owned companies can get labor cheaper overseas.
Our financial market as it exists today has been overinflated by funny financial engineering and speculation.
The way things are going, if you aint got it now, you aint gonna get it. And for many, your gonna lose it because you are going to loose your job to someone overseas. Why, because you (and I) wont work for 10K a year, 'cause I make 90K a year doing it now. Nor can we - we couldnt afford to live on that.
The one and only way to bring things back to where they "should be" (justified financial market based on real numbers, housing that people can justifiably afford) is for this thing to crash. The majority of the loosers are going to be those that live via credit. But generally speaking, they have set themselves up for this fall anyway. Yes, there will be some collateral damage, but in the long run, we will be better for it.
If anything, what our government needs to do is take a lesson from FDR, and create real jobs with public projects (roads and dams were what they did - maybe alternative power plants or something is what we could do). Put Americans back to work and they will start spending. Some banks will survive. Others will start up.