Mr. Obama - Stimulate the Economy with Free Cars
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They Gave Billions to the Banks
To help doctor our ailing economy, the legislators gave billions of dollars to the banks. The last time I checked, the people who are behind in their credit card payments are still behind and the poor folks with delinquent mortgages are still drowning.
The last three American car companies also got a few billion dollars worth of help from Washington. The last time I checked, most of my neighbors were still riding around in 8 year old cars because they can't afford to buy new ones.
I guess it's a good idea to bail out the financial institutions and the auto makers, but I wonder if it isn't a little like trying to fill your tummy by looking at a picture of a five course meal.
If our politicians want to fix the economy wouldn't it make more sense to give the bailout to "we the people".
Why not give every taxpayer a voucher for a new car. Uncle Sam could just shunt off a portion of our taxes each week to pay for it.
It might be fine to cut the interest rate for new home buyers, but why not cut the mortgage rate of existing homeowners? If their mortgage is reduced by $100.00 per month, they might be more willing and able to buy things. And buying things is what it's all about. Buying and selling is what drives the economy. The more B & S, the better the times.
So come on Mr. Obama....forget about that little $300.00 check you want to send to the average taxpayer. Give us a car. Give us a three per cent mortgage. You do that and we''ll give you the biggest economic recovery the world has ever seen!
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Comments
Thanks CC. I think that he's going to give each taxpayer $300.00 which is a good faith gesture but too little to do any real good. If the average homeowner could pay a hundred dollars less per month on the mortgage, the economy would see a much greater and longer term benefit.
Well said Billrrr!
But that's too easy! What happen to "we the people" anyway?
It's now "we the succers"
Good blog! Keep going!
Thanks Bernie.... in the old days people robbed banks....
now with the stimulus money going into the banks' coffers but not coming out (as loans etc) I guess it's fair to say that the worm has turned and now
Banks are robbing people!!!!!
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Cape Codder says:
12 months ago
Barack's plan is up to 850 billion dollars now...but I think you are right. There will not be one penny going directly to the people. I wish Barack would read your Hub and help us.