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My idea for economic stimulus

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DUlover2909 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 12:10 AM
Original message
My idea for economic stimulus
I'm no economist, but I had an idea that sprung up in my little head and I thought, "What better place to present it than to DU?"

The government spending on creating jobs with public works programs aside:

Instead of giving investment banks loans with which they can do whatever, and instead of sending taxpayers cash to spend that might just end up in China and spent on things people may not really need, what about combining the two ideas and give taxpayers money that can only be applied to existing debts or 401k's? That way the money is spent responsibly. The people benefit, the banks benefit, and Wall Street benefits.

Does this sound like a good idea? We all know the money is going to spent somehow.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 12:17 AM
Response to Original message
1. The debt you and I took out with the banks was just the tip of the iceberg
...Through derivatives and hedge fund gambling and exotic financial instruments those bankers and Wall Street speculators for every million dollars of our debt they turned that into a billion dollars of new investment debts which they squandered on the good life for themselves. Now they expect us to pay all of that off. It's bad, very bad business and total VooDoo economics!
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 12:23 AM
Response to Original message
2. But 401ks aren't worth a shit any more either. So meh, a jubilee suits me!
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DUlover2909 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 12:37 AM
Response to Reply #2
3. eh, ok. I'm gonna watch American Idol now and stop thinkin.
:D
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 12:39 AM
Response to Reply #3
4. LOL
:D
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