Posted by
Reaganac on Thursday, November 20, 2008 12:30:39 PM
With the Stock Markets in full retreat, with Banks holding on to their newly found stimulus money like grim death....with gasoline prices getting back down to pre 2007 levels, with the big 3 collapse looming, here is a novel idea. How about putting 100, 200, 500k into the hands of every single American who files income taxes each year as a one time economic crisis refund stimulus. This would surely get the financial market and banks moving and lending again, as they would want to soak up every single dollar from us. It could easily be used by taxpayers to lower their credit card, mortgage, auto or other related debt. Some will argue that it will only lead to many Americans entering into further increasing debt....but that isn't true. Banks and other financial institutions are combing over our credit scores with ever increasing scrutiny. Those who do not use this stimulus wisely would have NO ONE to blame but themselves. This is the ONLY way to get this economy rolling again, and would fix the Banking, Auto, and financial markets almost overnight! But don't think for a minute it would ever happen....it makes far too much sense!