Here's my Main Street Economic Stimulus Plan..................

[predfan]

a mere $50 Billion budget item..........Go to 5000 local banks, small towns and large.......each bank puts together 1000 $20,000 loans, at 3%, pay back over 4 years. These loans would be offered to 500 commercial accounts, and 500 individuals, each of whom must be credit worthy. The government would subsidize the interest an additional 3%, and guarantee the loans. ( I know the numbers add up to $100 Billion, but I think $50B will leverage $100B easily.

Suddenly a half million motivated consumers hit Main Street, remodeling bathrooms, buying better vehicles, even solar panels and extra insulation for homes and businesses........infrastructure work that can't be outsources overseas.

Cost to the government? 3% of $100 Billion, whats that, $3Billion? Losses on, say 10% of those loans? another $10 billion? Chicken feed.

These idiots threw a trillion at the top, and it'll never filter down.

Discuss among yourselves.

[gravity]

1. Taking out too much debt is what caused the crisis to begin with

I think there are better ways of structuring a stimulus instead of giving loans. One of the problems with the plan is that only a fraction of the population could get loans.