I’ve been reading up on the economy. The general consensus is that the banks are still broke, the economy is still in recession, and we’re still facing hard times all around. It seems that on an individual level, Americans are not spending nearly as much as they used to. I’m sure we would if we had it to spend and felt like it was going to keep coming in.

We recently had $787 billion in economic stimulus and bailouts. Where did it go? I certainly don’t feel like my financial situation has changed. Has yours? I don’t see that there is much difference on any level that effects the average American citizen. If I have missed something, please let me know. What I do see is businesses filing bankruptcy, families tightening up their budgets, and less money coming in for a lot of people. I heard that as a part of the stimulus bill, we would each receive $13 dollars a week on our normal paycheck. That works out to be a bit over $600 a year. I’m not scoffing at that, but really, $787 billion, and we each get a little over $600? Where did the rest of it go? I don’t feel like it went anywhere that is helping the majority of us.

I got to thinking about this huge number ($787 billion – or – $787,000,000,000) and I wondered how much that broke down to if it were divided evenly among Americans age 18 and over. Keep in mind that this includes everyone over the age of 18 regardless of employment status or anything else, so you could narrow this down even more.  I did the research, and according to the census report, there are approximately 225 million Americans age 18 and over. If you were divide $787 billion evenly to this population, each individual would receive around $3000.00. Imagine what would happen to the economy if 225 million people suddenly had $3000.00 each to invest, put in the bank, pay a bill, or buy a car! I think the recession would likely have ended. The auto industry would be just fine, and the banks would be overflowing with money!

Now that sounds like a real bailout and stimulus plan! Let’s not forget that some of that would go back to the government. I mean, you know they would tax it!

Just My Thoughts…

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• Mitchieville » Blog Archive » Politically Correct, eh??