Bailout for the people

Gil Smart says that instead of throwing more money at the banks, maybe we should bail out the people instead.

Category:

News & Politics

Tags:

• bailout
• financial
• crisis
• banks
• europe
• economy
• european
• union
• economics
• united
• states
• germany
• greece
• italy
• federal
• reserve
• ecb
• Gil
• Smart
• remarks
• outrage
• consumers
• money
• finance

[lmcdowall]

GIL?! Are you alright? Looking a little slim there, hope you are doing well. Happy holidays.

[aduffield]

you totally deserve to have more views and subscribers - keep up the good work

[ecwaufisxtreme]

The ONLY PERSON who can save the people is Sarah Palin! WE NEED HER AS OUR NEXT PRESIDENT!

[Boomer1949]

Now why would the people who are brought and paid for by banking and wall st want to do away with the cash cows or serfs of any country. Think like a banker. My 19% annual rate on a $5,000 or $10,000 debt makes the bank money, over and over each year. If I was given 10K and did away with that credit card debt, the bank looses in the long run. Same with any loan

[megamarsvin]

Been saying this since the bailouts. Makes perfect sense. So it will probably never happen, you un-American pinko!

[frwgt350net]

I want money from Obamer's stash

[OtakuRebel]

The economy works better with a higher FLOW of money. Huge percentages of people are in debt and are refusing to significantly spend anymore due to the % rate traps, and just plain not making enough money in the first place. Unfortunately giving it to banks has probobly the biggest bottleneck effect possible.

A giant check to the people (and not some weak 1k-per "stimulus") would be the best thing possible for countless millions of people, which means it will never happen.

[ShadowGunner82]

I would love a $10,000 check right now.

[kmelfina]

the money still feels like it came out of nowhere, I don't really know if a bailout for things like student debts would work out.

[dangerouslytalented]

Such a bailout shouldbe for those who are in a position to help the economy most. That means the consumer. If the corporations need that money, they can scrabble for it, employing people to try to sell them stuff and get it the old fashioned way.