I voted 'yes' to this survery and scrolled down to see your posting. Even though I, too, would think it would be great to receive the extra cash, I don't think it would make that big of an impact on the economy. According to Wikipedia, North America's population is approx 305 million. If you divy up the 787 billion between 305 million people, the amount comes to about $2580/person. Even then with just those over 18, im sure the amount would come close to 3 or 4 thousand dollars. The question remains with that is how would the people spend it? Would it be used to get caught up on credit card payments, house/mortgage/rent payments, or other bills (i.e. student loans). And even after that, would the people keep saving whatever extra money they have or make just to have in case something happened again? I think in order for a complete bail out, each person over the age of 18 would have to receive at least a 6 digit number.
Everytime I hear this comment 'divide up the 787 billion yadayadayada) I just think: How stupid. Think it through people! After you do that and each person spends their $2300+, then you'll be right back whining again for more money. We need to STIMULATE the economy, not flood it for a few days paying bills and then have our hands out for more. This makes absolutely no sense at all -- but, that's a Republican for you.
Great point, glad you posted this comment
Yes, dropping a cash payment on individuals can provide some immediate results (which is one piece of the stimulus plan via the tax rebate.) But, if presented as a total solution, it is shortsighted. In this climate, it is likely that most of that cash will be used to pay-down debt; it would go straight into the banking industry. I don't believe they are likely to invest a significant portion of those payments in the sustainable programs that the stimulus plan supports. Just a few weeks later, we would be back in the same position we are today, with very little if any tangible benefit.
There would be no recession today had they given all the money to the TAXPAYERS GUARANTEED. Companies & banks will not let the $$$ filter down & if they did we probably get like 5 cents each from what they received. This country is in trouble & more than the government is willing to admit.
I wholeheartedly agree with you. This was Obama just trying to sell us something we don't want. More smoke up our butt.
787 billion divided by everyone over 18. In 2006 that number was 225,746,457. That would be 3,486.21. That would help me out a ton. But if I lost my job, it would only get me through 2 months of my bills. And for the average person, that is only 2 mortgage payments.
Have to agree talk is cheap it takes money to buy beer.It would be interesting to see this same poll taken in oh 30-60 day from now once people get over the pumped up stage and as the unemployment lines get longer and longer and as prices rise higher....
AMEN......some of these idiots were giving the man awards and medals without doing anything. Now he is following in suite giving away money to people who live in giant homes with ballet lessons and we have to pay for it. Yes, I'm very angry from trying to make sure my(barely 1,000 sq. ft.) house payment is made on time every time, now I get to pay for Mr. and Mrs. Ballet.
Well, $787 billion divided by 262 million people over 18 gives a one-time payment of $3,500 - that's not going to take anyone too far when that gets eaten up in only 3 mortgage payments (and that's if you have a good deal in a cheap market - go to California, and that's only one month). "Give a man a fish, and he eats for a day - teach a man to fish and he eats every day." That may be trite, but it's true. And that's what the President wants to do.
— usually
How about the 4.5 trillion that GW Bush ran the debt up? No body seems to be concerned about that. The only US president that has paid down the debt in the last 4 administrations was Clinton and he is one of those tax and spend liberals! The bail out is a lot of money and it scares the hell out of me, but a bunch of greedy rich republicans is what brought this on and we have to do something. I think it is time we put pressure on all of our law makers to address this giant debt and start paying it down. However, we do have to have some sort of economy to do that.
— Bryan C
Go to and then do the math.
In round figures it comes out to $3500. each. Big deal. I am willing to throw my money in the pot because I know big corporations will have to throw in a lot more.
Latest Comments
Did President Barack Obama's address to Congress give you confidence in the nation's future?