Sunday, September 21, 2008

$700 billion Wall Street bailout!?!

Remember the trickle down theory of economics? I think this started under the Reagan administration with the idea that giving all kinds of breaks to the guys at the top would some how trickle down to benefit the rest of us. As if a trickle was what we needed! I always said I was in favor of the trickle up theory. Give us all the money and just see how the economy would benefit!

You know how it is, when you read about someone who won it big on the lottery what do they say they are going to do with it? Pay off their debts, put aside money for their kids’ college education, buy a new car and a big new TV, take a nice vacation, maybe even start up a small business. Sounds to me like all that would benefit the economy.

So I would suggest that Bush instead of giving $700 billion in bailouts at the top—by the way, that’s $700,000,000,000.00, quite a lot of zeros isn’t it? —don’t hand that out to the guys at the top whose greed or stupidity caused this mess to begin with. No, give it out to us and we will pay off some of our debt, save some of it and spend some of it—the holidays are coming. And let the benefits trickle up for a change.

By the way, the population of the U.S. these days is over 300 million (that’s 300,000,000) plus about 4 million for Puerto Rico (that’s 4,000,000). So the $700 billion bailout averages to about $2300 from (instead of for) every one of us. This week.

Digg Technorati Stumbleupon Reddit Yahoo
blog comments powered by Disqus