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Tuesday, October 14, 2008

My thoughs on the bailout

OK, if I can't pay my bills I don't have anyone to bail me out so why do these banks and huge corporations get it?

Here is an idea; how about rather than bail out these banks why don't they find all the people who have mortgages that make under $250K and pay off our mortgages? It will have the same effect except that the banks will be able to close GOOD mortgages and they will have billions of dollars to work with. We won't have to pay the note any longer and will be able to spend several hundred dollars more a month on good and services. I bet there is over a million people who fit that bill and at $1000 a month average that is a BILLION dollars a month infused into the economy.

Think about it. All that money that would normally go to a mortgage would now be used to do things that would help the small business man that both candidates are saying needs it. I'd be buying new equipment, clothes, pay for things I would never have dreamed of like a lawn service and many other things that in themselves are kind of small but when a million people are doing it make a huge impact.

It is almost as if they are being rewarded for failure. How about rewarding the people who are working their asses off?

1 Comments:

Anonymous Anonymous said...

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4:00 PM

 

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