What If The Bailout Went to People Instead of Banks?

[cj234]

http://www.bizzia.com/yieldingwealth/what-if-the-bailout-went-to-people-instead-of-banks/

[Jason Wilfong]

Hyperinflation in a hurry. People are greedy.

[rckirby]

Hyperinflation in a hurry. People are greedy.

psssssssst.....hyperinflation is coming anyway.........

[cj234]

Hyperinflation in a hurry. People are greedy.

Call it what you want. This statement says it all!!

"We could have paid down credit cards, made a big enough mortgage payments to qualify for refinancing and loan modifications, and maybe even bought cars (you know, a couple thousand down and then 72-month financing). All of this would have freed up all sorts of resources for us to be spending again — just like the government wants.
Now, don’t get me wrong: I’m not a big fan of any bailout. But I do wonder if — since the money is going to be spent anyway — it would be less wasted coming back to us rather than going to fat cats."

[George Walton]

That would result in real spending, and jobs. Obama/democrats don't want any of that.

.

[Gengar]

Something like that would never happen. Half of Obama's cabinet wouldn't get any $ because they didn't pay their taxes.

[cj234]

Something like that would never happen. Half of Obama's cabinet wouldn't get any $ because they didn't pay their taxes.


:))True!!:))

[Tulsa]

Same thing that happens to a lot of people that win the lottery who have no clue how to handle money. They would spend it all, having nothing to show for it and soon are standing with their hands out to the government. Most probably blaming the government for not foreseeing they couldn't handle it and setting them up for failure.

The grass isn't greener, there's just different ways to kill it.

[Jason Wilfong]

psssssssst.....hyperinflation is coming anyway.........

Yes, but much more slowly because people don't know for sure how much money has really infiltrated into the market. Then, money will likely be removed from the market while we're trying to pay back the government debt plus intrest and it will be impossible.

[Gengar]

Same thing that happens to a lot of people that win the lottery who have no clue how to handle money. They would spend it all, having nothing to show for it and soon are standing with their hands out to the government. Most probably blaming the government for not foreseeing they couldn't handle it and setting them up for failure.

The grass isn't greener, there's just different ways to kill it.

Yeah, so? At least they are spending their own money, and not handing it over to the Government who will waste it on themselves.

[markdido]

Same thing that happens to a lot of people that win the lottery who have no clue how to handle money. They would spend it all, having nothing to show for it and soon are standing with their hands out to the government. Most probably blaming the government for not foreseeing they couldn't handle it and setting them up for failure.

The grass isn't greener, there's just different ways to kill it.

The money should be returned to those people who actually paid income taxes. It was confiscated from them in the first place.

[Jason Wilfong]

Call it what you want. This statement says it all!!

"We could have paid down credit cards, made a big enough mortgage payments to qualify for refinancing and loan modifications, and maybe even bought cars (you know, a couple thousand down and then 72-month financing). All of this would have freed up all sorts of resources for us to be spending again — just like the government wants.
Now, don’t get me wrong: I’m not a big fan of any bailout. But I do wonder if — since the money is going to be spent anyway — it would be less wasted coming back to us rather than going to fat cats."

You couldn't cash your check fast enough to make it worth your while. Prices would go up everywhere the second something like this was announced.

[DCinNC]

Hyperinflation nation!!

Anyways the inflation is coming...it's already here. The money the banks received is artificially inflating asset prices. That is the banks are holding a bunch of worthless assets.....they simply are not spending the money yet. But they will..they have no choice.

So one way or another we are getting inflation like you would not believe.

[ISYairio]

http://www.bizzia.com/yieldingwealth/what-if-the-bailout-went-to-people-instead-of-banks/

I'd guess it would be similar to this (http://1.bp.blogspot.com/_otfwl2zc6Qc/ShWynupTnMI/AAAAAAAAKJ8/0BVrb3A7yrg/s1600-h/taylor.jpg).

[WildRose]

http://www.bizzia.com/yieldingwealth/what-if-the-bailout-went-to-people-instead-of-banks/It is going to people. For the most part it's going to a very specific select few.

[bubba104]

The original link sounds about right. What sounds wrong is some of the comments here suggesting that Obama somehow caused the problem. This goes well beyond the typical partisan D vs. R argument.