Once again I was just adding the numbers in the stimulus package of the US Senate.The economics pendulum has swung , and it has swung all the way to the left while staying there.
So here goes the math-
1) Money already spent in TARP (Troubled Asset Relief Program)
700 Billion
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2) Money promised in Stimulus Package
800 Billion
Adults in the United States – =306-82=224 Million
Excluding the top 10 % , we have 200 million Americans qualifying for direct tax or indirect stimulus and stimuli.
That’s Total Money ( Bush TARP + Obama Stimulus) per Person =
1500 Billion/200 Million= 7500 USD
Or 15000 USD per Household.
What is wrong with this math ? Why does this number seem so low even though people /senators complain about pigs with lipsticks and pork barrel etc.
Why does the new CHANGED administration need approval for ALL 700 million ( i MEAN billion) at once ………………rather than say how about taking it 100 billion at a time.
Mortgage Relief
If instead of the usual 30 year mortgage loan, banks were told to increase loan tenure to 45 years , where 50 % defaults would be insured by the TARP after the first 20 billions of defaults- this can help bring DOWN the EMIs to say without costing anyone for healthier mortgage holders ( assume 80%)- thus giving a tax relief which is paid by the people themselves.
The Law
In eight years , the US managed to lose trillions of dollars in financial and economic crisis. Why don’t we see any lawsuits ? ( psst– Because all the US lawyers are all reclaiming houses and doing middle class bankruptcies . When not running for President .)
