Now I know we have all seen the chain emails that theorize about how if 800 Billion dollars were really distributed out to tax payers (notice I said tax payers), then literally somewhere around 100,000 dollars would go to individuals. Now if we realistically look at the medium income in the United States, one could feasibly say that no matter how large the middle class...the bracket of poverty is still bigger. Last time I checked the national poverty line it was somewhere between 24-35k dollars annually. With a proper distribution of the Stimulus directly back to individuals, families could pay live for at least three years living frugally, pay off their credit cards, refinance their homes or cars, pay off their student loans, or just plain blow the money on a shopping spree. Either way debts are either paid, or money is put directly back into the consumer economy.
Let's do a high level analysis here.
To date, the major headers that brought about nationwide awareness of recession came from where? Well, it seems to me it came in the form of housing market foreclosures, problems in the manufacturing sectors and their suppliers, and certain Bank's going belly up. So in view of the last 700 billion pulled out (exactly 1 third of the cost of the war in Iraq) we are no near being closer to correcting those original mistakes and now we are passing a new bill for 790 billion more to do what exactly? In debt our children, raise our taxes up to 50%?
This is ludicrous.