The Peoples Stimulus Package is a 100% pork free stimulus package that will work fast and benefit everyone! The Peoples Stimulus Package is a simple two package No Pork concept. The first package $500 Billion directly to the People who will be paying for the package just like they will be paying for the $350 billion the financial institutions have already wasted. Each will receive an equal share of the package and will spend the money as they wish to stimulate the economy. Is there really any better or faster way to stimulate your local economy? Is there a better or faster way to spread the funds around to all sectors? Is there a better or faster way to create jobs? Don't give another dime to the financial institutions! Add $150 billion to the $350 billion they were to receive and give it equally to the people! Give it to the people and the money will find it's way into the banks thru spending. The people are going to be paying for it so give the money to the people and let the people spend it any way they want. This will save $700 billion in debt and get the economy going fast and strong! The second package if needed a year later would be $300 Billion distributed as the Legislators decide but must be a simulative no pork package! It's as simple as giving each of the approximately 305 million people in the United States $1,600.00 on a debit card and allowing each to spend up to $400 per quarter year. You must spend the whole $1600 within a year or lose the money. You can save any or all of the amount allowed in any quarter to spend in a later quarter or save the whole $1,600 and spend it all in the last quarter if you want but you must spend it all within one year. 305 million people is equal to filling the James Raymond Stadium (2009 Super Bowl) over 4,631 times! It would take over 12 years to fill the stadium with different people every day. Each Man, Woman and Child will get $1,600! A family of five would get $8,000.00 and can spend $2,000.00 per quarter. That's about 500 billion dollars. If that doesn't stimulate the economy nothing will! People know what they need or want and will spend it on things that they need or want. Imagine every man, woman and child across the Country having $1,600 to spend. Imagine every person you see no matter where you are or how many you see all having $1,600.00 to spend. Do you think that would stimulate the economy? YES and VERY FAST! It will spread the wealth to all sectors and will benefit everyone except the politicians who want to waste it on Frisbee Parks and other stupid things that won't stimulate the economy. People will spend the money locally at businesses of there choice. Businesses that will hire people local to their area. What would you buy with your $1,600? The Banks and Wall Street created the situation and you will be paying for it! $350 billion of $700 billion that has already been given to the financial institutions, has disappeared and has not helped the people. The financial institutions caused this mess, they took thousands of peoples homes and then wasted $350 of $700 billion that the people have to pay for. Even the people who lost their homes will be paying that back. Don't give the financial institutions the next $350 billion! Give it to the people and the money will find it's way into the banks. Contact your Legislators and The News Media from the Home Page at TheNextInternetSensation.com and tell them you want The Peoples Stimulus Package!
It seemed like a lot of it was aimed at keeping the unemployed unemployed. There was also a big chunk going to one of the most costly and most secure industries - the health care business. In yesterday's business section of my local newspaper, there was an article discussing how the stimulus would help small business, I should say how little.
The really isn't too much stimulus is the stimulus package. I see Obama coming back for another $1 tillion next January.
The whole "we must do something and do it quickly" approach reminds me that I need to do something about the tree in my front yard. All the leaves fell off it last fall so the government needs to do something and do it quickly otherwise my front yard will warm by 0.2 degrees C and it won't consume tons of CO2 and disaster will follow. I could demand the government do something about it or I could wait and let it take care of itself.
It still fails to address what went wrong. Just by giving money to the people won't solve it unless they change what they do with the money. If they go out and overspend or buy houses and cars they cannot afford this "People's Stimulus Bill" won't work either
The best plan mentioned was offering mortgages to all at lowered interest rates. There are still people out there waiting for housing prices to drop enough to buy and there are many that would benefit from refinancing. The only problem I see is the mortgage industry has a tendency to come up with 125% loans, 80/20 loans (and act like it's not 100% loan), stated income, etc. Offer the loans to qualified individuals and it would have done a much better job than funding ACORN, food stamps, socialized medicine, etc.