intersting idea on the 700 b bailout

[Tsaico]

I was musing wiht a friend talking about the stimulus plan that wasn't so stimulating, and then now the bailout. Then I thought, what would it be like if they used it like the stimulus plan? I mean just gave every man, woman and child a check for 2 million? We were musing what would be the difference of giving access to company for extending credit for people to use to buy goods/services, vs, just giving that credit to every person directly?

 

[Synomenon]

It's 850 billion now isn't it? Also, $850 billion / the population of the US is nowhere near 2 million each.

 

[CycloWizard]

Yes, I got that chain e-mail as well. The difference is that mine only claimed that each person would get $425,000, and even then only if it were given to adults. Problem is that the real value is $425, not $425,000. Math fail = teh you.

 

[scruffypup]

1) it would be a heck of a lot more than this amount of 700Billion to get into ideas you are thinking,... it splits $425 approx,..

2) giving it to the people has to be repaid by taxes from the people down the road

3) this plan they are coming up with is not necessarily going to tax the people,.. it might, but less than $700 billion, but it might actually make taxpayers some money,...

4) giving $425 to each citizen will do little to simulate the economy because it doesnt deal with the issue causing problems,.. it would give a temporary bump,.. just like the rebate did a few months back

5) the program they are coming up with has a better chance to resolve some of the real issues why the economy is not getting back on track, the economy is not that bad, however everyone is in fear mode, this should alleviate some of that if not most of it.

Let's say we did what you say,.. $2million for each person,.. you are talking 600 trillion or more,... what do you think would happen to inflation, jobs when everyone feels they won the lottery, and what do you think would happen in 1-2 years after the effect wore off and the collapse???

 

[AstroManLuca]

I got that chain email too, but somehow I think the point was to mock the congressmen who were so willing to sign on to the bailout bill without looking into the details.

 

[Slew Foot]

Cant anyone do math anymore?

$700 bill/300 mill people= ~$2333 per person

 

[FallenHero]

Originally posted by: scruffypup
1) it would be a heck of a lot more than this amount of 700Billion to get into ideas you are thinking,... it splits $425 approx,..

2) giving it to the people has to be repaid by taxes from the people down the road

3) this plan they are coming up with is not necessarily going to tax the people,.. it might, but less than $700 billion, but it might actually make taxpayers some money,...

4) giving $425 to each citizen will do little to simulate the economy because it doesnt deal with the issue causing problems,.. it would give a temporary bump,.. just like the rebate did a few months back

5) the program they are coming up with has a better chance to resolve some of the real issues why the economy is not getting back on track, the economy is not that bad, however everyone is in fear mode, this should alleviate some of that if not most of it.

Let's say we did what you say,.. $2million for each person,.. you are talking 600 trillion or more,... what do you think would happen to inflation, jobs when everyone feels they won the lottery, and what do you think would happen in 1-2 years after the effect wore off and the collapse???

If I wasn't in any way affected by it, it would be very interesting to see that bubble burst. "Dow drops 50000 points in first 10 minutes of trading!"

 

[StageLeft]

Holy mother fvcking sh*t you people are just absolutely terrible at math.

Do you actually know how to do basic division? There is even a calculator on your computer.

$700,000,000,000/300,000,000 = $2,333.33 per person, since there are around 300 million people in the US.

Cant anyone do math anymore?

$700 bill/300 mill people= ~$2333 per person

I dunno, it's like they are not capable of running the numbers basically at all. This isn't even a hard one.

 

[gar3555]

Originally posted by: Skoorb
Holy mother fvcking sh*t you people are just absolutely terrible at math.

Do you actually know how to do basic division? There is even a calculator on your computer.

$700,000,000,000/300,000,000 = $2,333.33 per person, since there are around 300 million people in the US.

Cant anyone do math anymore?

$700 bill/300 mill people= ~$2333 per person

I dunno, it's like they are not capable of running the numbers basically at all. This isn't even a hard one.

yes, that would be true, but the chain email I got only took into account what it considered "bonafide" 18+ U.S. Citizens. So the number was less.

 

[BAMAVOO]

Originally posted by: gar3555

Originally posted by: Skoorb
Holy mother fvcking sh*t you people are just absolutely terrible at math.

Do you actually know how to do basic division? There is even a calculator on your computer.

$700,000,000,000/300,000,000 = $2,333.33 per person, since there are around 300 million people in the US.

Cant anyone do math anymore?

$700 bill/300 mill people= ~$2333 per person

I dunno, it's like they are not capable of running the numbers basically at all. This isn't even a hard one.

yes, that would be true, but the chain email I got only took into account what it considered "bonafide" 18+ U.S. Citizens. So the number was less.

That email was also only 85,000,000,000.00 which is why it came to $425 a person as they used 200,000,000 as the number of people over 18.