Posted by William S. Lyles 3 years ago In:

economy

William S. Lyles Asked About 'Ask Obama a question - Washington Times'

First off I want ask why there is so much focus on ...

First off I want ask why there is so much focus on businesses instead of the people. Any fool with half a brain knows that the economy starts and ends with the people, not the businesses. President bush had the right idea just not enough money to do it. A stimulus check for 300 to 600 dollars goes nowhere in this economy. If the Federal government realy wanted to save the economy and realy fix it, then try sending a stimulus check to every american that filed a taxreturn for 40 to 60 thousand dollars. The total amount it would take would not even come close to the billions already handed out to the banks and businesses. Economics 101 tells us that if people do not have money to purchase products, then a business fails because it cannot sell it's products. By handing money to these banks and businesses, we are only keeping them afloat, were not fixing the problem. Keep in mind that these are the same banks and businesses that are sending their jobs overseas for cheaper labor thereby eliminating jobs here and causing more unemployment. This also begs the question, why are we employing the people of other countries instead of our own?

William S. Lyles

Astoria NY

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Answers

stevor Answered:

Sure, Obummer could write a check to each person for a million dollars? Would that help the economy? Let's think about it.

Money is supposed to be worth something. If it's just printed up with no worth, the previous money loses value. If you double the "money supply", which is pretty much what Obummer is doing, each dollar ends up being worth half as much. Is that good or bad?

Sure, it's good if you owe a lot, such as on a car or home because you can pay it off. No, it's awful if you're the company that you are paying because they essentially get only half of what you were supposed to pay. So, it's probably not a good idea for that reason.

Then, let's think how this "money" is "borrowed" from places such as the Federal Reserve (which is owned by banks). The banks lend the money to the USA but charge interest. Guess who will be paying back that money plus interest? Well, it is YOU! Do you really get an improvement if you get a million dolllars and then have to pay back a million dollars, PLUS INTEREST to the banks? No, that's a game that only the banks win, and that's why the bankers LOVE what Obummer is doing. He's paying back those bankers that paid for his election.

There are more aspects to this but I think the above answers are most important and tell why it is a BAD IDEA TO BAILOUT and GIVE MONEY AWAY!