how much money does it take

I just read something on Yahoo that claimed that there may be up to $3,000,000,000,000.00 coming to the rescue of the US and global economy.  My own completely unscientific reading of this indicated that most of the money will come from the US Treasury, which means that you and I and many of our fellow US citizens will be footing the bill.

So where’s this money going, and when am I going to see some?  Oh, that’s right.  The government is the only entity capable of spending wisely, so they’re going to decide.  Since they did so well with the first $350,000,000,000.00 I guess we should all thank our lucky stars that politicians should bless us with their financial wizrdry once again.  (Dow Jones Industrial Average when first $350,000,000,000.00 of TARP released on 10/3/2008: 10,325.38.  Dow Jones Industrial Average after today’s stimulus package and new bailout package announced: 7,888.88.  Net loss of 23.6%.  I’m just sayin’.)

Maybe I’m being overly simplistic, but wouldn’t that $3,000,000,000,000.00 be more effective, and much more quickly beneficial, if we followed Buffalo Geek‘s plan (as announced on Twitter)? 

181 Million ppl in US aged 18-65. Give each person $15K for debt payment 2,715,000,000,000. Banks get liquid, ppl get out of debt

BOOM! All done recession. I’m wicked smaht

Hey look, there’s even $285,000,000,000.00 left over to completely rebuild the nation’s power grid – which I think is of vital importance – and maybe even remodel the john in the Oval Office.  Who’s in?

Edit 2/11/2009 08:40 – See here for the expanded version of Geek’s plan.

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