If the concern is the economic health of a NATION, why not funnel .5 TRILLION to "the people"?

[sicksicksick_N_tired]

WHY are the corporations the answer to advancing the economic health of this country?

Why?

Why not allow the corporations that gambled with our people's economy fall on their asses rather than doing the same ole' shit and force the American people to suffer ESPECIALLY when the CEOs and investors of those corporations are doing a thousand times more of the "ownership society" than the rest of us?

Why not funnel the resources of this nation TO THE PEOPLE rather than corporacrats!?!?!?!!!!!

ON EDIT: I HAVE NEWS FOR THOSE IN THE ELITE FABRIC OF THIS NATION: WE, THE PEOPLE, ARE VERY FAMILIAR WITH HOW TO LIVE WITHOUT CREDIT!!!! So, PUH-LEASE don't push your issues on the rest of us. YOU DO NOT SPEAK FOR US!!!

'kay?

[high density]

1. "The people" already got their money in the form of high interest credit card debt

and mortgages for big houses that they couldn't afford. Now the banks are being forced to write off these loans and we're paying for it.

[fed_up_mother]

2. Because when the stock market crashes, it will ripple through the economy

Look at it this way: trickle down prosperity works only very minimally, but depressions tend to trickle down very quickly.

[readmoreoften]

4. How about 3 trillion dollars given to the American consumer? Wow, look at that economy pick up!

But that would be redistributing the wealth downwards instead of upwards.

[fed_up_mother]

7. As much as I want to agree with you, it won't work that way

Other countries are invested heavily on Wall Street - heavily. We owe other countries billions of dollars. If we don't fix this , they are going to lose confidence in the market, and I promise you that we will be in deep doodoo when that happens.

Furthermore, when those companies fold, we will have massive layoffs. Another great depression. Even if you get a check for ten thousand dollars from the government, it won't go far when a third or more of the workers are unemployed. It would only replace some of that loss income.

We need the bailout - what I'm pissed at is the lack of strings attached to this bailout. They should have some damn nooses around their necks!

[readmoreoften]

9. This will lead to nothing but a bigger bubble and a larger collapse. We should've let it collapse

after the Tech Bubble. The money will be injected into the system regardless, either created by the IMF, China, or the Fed. Now the T-notes are dropping and I can't imagine how they won't continue sliding with all the debt we took on. Hello hyperinflation. When we're all paid in wheel barrows of junk it won't help us either.

[readmoreoften]

3. Because... it's not about the economic health of a nation?

[zeemike]

5. They are funneling it to "the people"

But it is being means tested...you must make over 5 million a year to get it.

[EmeraldCityGrl]

6. People out in the real world live and die by their credit scores...

try to get an apartment without a good score...not going to happen. No one is there to bail them out.
Yet, the rules don't apply to Corps. People are very angry about this.

I'm just sick about what the Republicans have done to this country. They have surpassed my worst
nightmares Nov.4th 2000.

[Warpy]

8. GOP dogma doesn't consider the demand side

to be any part of the economic equation. In other words, they think the wealthy invest in industry and parcel out jobs in the absence of any consumer demand, at all, which is why they invariably trash a healthy economy when they get into power.

It's why they've held paychecks down since the 70s and why they've substituted easy access to debt for living wages. It's why they fight unions tooth and nail. Once you realize this massive blind spot in their dogma, every nonsensical thing they do makes perfect, twisted sense.

This is why it's essential to get them out of power before this really does turn into the second Great Depression.

The supply side is choked with wealth and the pipeline is stuffed full of goods and services. What the economy is starting to lack is customers.