I have been asking this question for many, many months now. It seems that people generally agree and do not have an answer as to why this was not done. I sincerely would like an answer with evidence as to why something such as the following would not be, perhaps given the current situation, the ideal solution for our present fiscal crisis:
Why have all of these hundreds of billions of dollars not gone to those who presently have “serious” debt in our nation?
All of the hitherto decisions of giving out money, and their apparent upcoming results, seem absurd when compared to what likely would be the yield of action. If the government would simply give HOME OWNERS and those who have the high debt (ie, people who have relatively significant investments and even *perhaps* certain debtors that have certain thresholds of credit card debt, but I’m not sure of this one) the cash to bail themselves out by requiring that the funds be paid back or directly to the lending institutions in order to clear up debt, credit and general housing problems it would ameliorate many serious problems currently plaguing the nation:
A) people nationally would feel MUCH better (general happiness would be improved, family relations and tensions eased and so on, even if at least for a limited period of time),B) financial institutions would get the money back that they so very much need to triage their varied issues andC) consumer spending, home purchasing, business investment, et al would dramatically increase(!!) and the nation would be lifted out of this recession back into productivity.
THEN if the financial institutions, automotive and other such industries need additional funds, lets talk about that and the whys POST constituent bailout and recovery actions.
The government could oversee these funds through already existent local organizations and political infrastructure. I am completely blasted by the ignorance and lack of insight of the supposed experts throwing this money around at the current time.
I think most can agree that our government has some priority problems with regards to who should be helped first in this world. This is made evident through extra-United States involvements and the destinations of so much of the appropriated funds currently being divvied up. I feel, and PLEASE show me if I’m wrong, that if we placed the money into the hands of the people we would very much see a recovery and reinvestment of funds. Perhaps even this time folks may be a little wiser after being bailed out. Startups and small business, along with innovation, could flourish in such an environment.
Please help me to understand if I’m wrong. If I’m right, then please expound or offer some supporting evidence and lets get some gears turning.
Loading ...
I'm a father of five with the spirit of a genuine explorer. Having these curious tendencies
has alwasy led me down the entrepreneurial road in order to seek better situations for my family,
my loved ones and my human family. Currently I am owner and president of a few companies,
including a very exciting new startup that could be "the next big thing."