170 Billion Dollars

Somebody figured out that if the United States Government had given the infamous 170Billion to the American people instead of the banks, every tax payer would have ended up with 170Thousand dollars each. Imagine for a minute what you would have done with that money (after the big drunken party). Let me tell you what I (and probably a lot of other Americans) would have done.

First, I would have paid off my student loans. Knowing how many other people are in student loan trouble, I truly believe that many more accounts would have been paid off too. My loans (alone) are around 30Thousand dollars. I know friends and family that have accumulated anywhere between 2Thousand dollars up to 125Thousand dollars. Let's just imagine that 100Thousand people paid off their accounts at 50Thousand dollars each. What's that equal? Try 50Million Dollars! Don't you think that would of given the financial institutes a boost!?! And it would have gotten some Americans out of debt.

The second thing I would have done was put a nice fat down payment on a house. This would have required me to find a mortgage loan and find a new home through a realtor. I believe that many of my friends would have either bought a home or caught up on their existing mortgages. Following my imagination station tracks on the same path as above, I think probably some 200Thousand people would have done the same (this is a ridiculously low estimate). Let's say that 200Thousand people bought new homes at 200Thousand dollars a piece. Drum roll please!!!.........400Million dollars for the banking and real estate market.

Maintaining our speed on Vesper's Starlight express the next path followed would have been to buy a second car for our family. Even a used car in these times runs about 20Thousand dollars. OK! Here we go again! Everybody pretend that 400Thousand Americans would have paid off their car loans or bought new ones. (I know at least 5 people I could name right now that would have bought brand new cars) So, 400Thousand times 20Thousand dollars equals 80Million dollars to America's failing car industry.

Next, my fiance and I would be going to Vegas for our wedding this spring instead of next. If more Americans did this, it would create a boost in the Travel industry. Then of course, there's Christmas! My children would have had the best Christmas ever! I would have definitely gone to places like Circuit City to buy MP3 players, new TVs, new Phones, etc...Knowing that Americans love to go all out for Holiday's I believe that many of these stores would have gotten a huge boost this Holiday season. Lastly, Joe and I would have taken our left over money and invested it for retirement. If 1Million people invested 20Thousand dollars for retirement, companies like ING would have received 2Billion dollars in revenue!!!!

Knowing all of these industries would have gotten a massive lift in funding from just helping support the American peoples financial state, why did the bankers get it? So they may continue on having their parties, paying for their million dollar estates, going yachting and taking limos to their uptown hotels????? Everybody's so afraid of being a socialist state that the rich keep getting richer and the poor keep getting foreclosed on, repo'd on and fired from their low paying jobs! Let me just say......GREAT JOB TO OUR AMERICAN GOVERNMENT!!! THANKS! Now you also have to bail out all the other failing industries.

I know that I, personally, will never forget this time in my life. Maybe I should try to email this to someone in office. Then again, their children are getting Christmas presents, so what do they care?