Flip It: Let’s Give the $1 Trillion to Everyone BUT Those Guys on Wall Street
By Cody Willard
So the Republicans and Democrats in power whose policies have created and developed this bubble that’s now popping on Wall Street and under homeowners now want to take an outright $1 trillion of your savings and borrowings and give it straight up to those firms who took enough bad risk that they’re about to go bankrupt because they say if they don’t you’ll be broke and never be able to tap any capital again.
I have a better way of distributing the $1 trillion if we’re actually interested in helping the little guy and not just Wall Street. Take the $1 trillion and SEND IT TO 90% LOWEST INCOME EARNERS IN THE US. Yeah, if we really wanna take a trillion dollars out of the private economy and run it through the government, then I say everyone but the top 1/10 richest people in the country should get $3500 check!
$1 trillion divided among the 270 million Americans who don’t make millions every year, would get EACH AND EVERY MAN, WOMAN, CHILD AND BABY IN THIS COUNTRY A CHECK FOR $3500.
Stimulus package indeed. But apparently, with the actual Wall Street bailout package that is coming through Congress — you only get the stimulus/bailout if you’ve made billions taking risks that now are bankrupting you. Been paying rent and saving and taking care of your own business? You not only get nothing — you’re the only one who’s got the money, so it’s your money they’re taking.
This Wall Street bailout package is evil. It’s theft. It’s being awarded by those to those by exactly the same people who created the economic disaster we’re all living through. And as I keep saying — Redistributing Middle America’s Wealth to Wall Street Won’t Stop the Great Depression 2.0, But It Might Cause It.
PS. Who the heck made up the $700 billion number? We give Treasury a blank check to write to the richest guys on the planet and the companies they’ve run into the ground on Wall Street and we think it’ll stop at $700 billion? Gimme a break.