Quote:
Originally Posted by selena
Well, and I'm just playing around in my mind, obviously, but I'd think that would be a pretty good sized chunk of change if they did that. They could tax it as well, and make me give some back to the feds. First thing I'd do was pay off my house, which gives money back to my bank.
Not going to happen, I know, but I just cannot stomach the idea of them doing this bailout. And it's not a popular opinion, I'm pretty sure, but I don't have much sympathy for people who bought houses that they had to *know* that they could not afford, and are facing foreclosure.
I bought in 2005. When I went through the loan process, they told me I was eligible for a loan far, far greater than I expected. For a day or so, I dreamed of the house that I could buy with that kind of money. But then even dumbass me knew that the amount was a stupid ass amount for me to even begin to consider, so I shopped for and bought something pretty modest.
If I hadn't, no one would be talking about bailing me out today.
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If you break up 700,000,000,000 evenly into the 305,291,233 people that live in the US according to
http://www.census.gov/main/www/popclock.html, that would be $2292 give or take per person. As you can see with the first stimulus checks, this did next to nil.
Now, if we can save banks, this will allow people to still borrow money for homes, cars, etc. This commerce would keep the economy moving. With the fat cats having no money, falling salaries, etc...This takes jobs away from Americans as the fat cats can no longer employ, etc.
The general person thinks that it's best for the country to save the common person, and it's just as selfish as the CEO's who think they deserve the world. If everybody would stop to thinking about me, me, me, we could all pull together and figure this out.
I know I'm in the minority and I know that this bill had a lot of BS attached...but overall, I think we needed this, and I hope they can counteract this with a new version shortly. let's split the difference between WS and the American people by a SMALL tax increase...This will strengthen the dollar once again, get the economy moving and possibly pull us out of a potential depression.