Thread: Stop the Bailout

It will increase investing, which in turn will bring the market back up, which will open more capital flow which will give business more solvency. Everything I'm hearing is about how if we don't do it, international investor confidence will be lost, the stock market will crash, the moon will turn to blood and a plague of locusts will cover the earth. OK, so, boost the confidence. Don't socialize insurance and mortgage firms. Just for the poops and laughs files, the money they're talking about paying would be enough to pay every single American roughly 2 million dollars each. Tell you what, congress, give me that money. I'll spend it much more wisely than you or AIG can...

Originally Posted by maplemaker

Just for the poops and laughs files, the money they're talking about paying would be enough to pay every single American roughly 2 million dollars each. Tell you what, congress, give me that money. I'll spend it much more wisely than you or AIG can...

I am not sure what money you are talking about, but the $700 billion bailout amounts to about $2,300 per person in the USA, not $2 million. $700,000,000,000 / 302,000,000 - that is the bailout divided by the population (approximate).

That is not to say it is good or bad, just that it is a few orders of magnitude smaller than you stated.

Lou