Have you watched David Letterman’s reaction to Senator McCain’s decision to no-show on his program? Whoooeee! See the u-tube clip at www.electoral-vote.com. That site, in addition to compiling poll results on the presidential and congressional races has some great commentary. Today the author asks how Senator Dodd (banking committee) would react if Senator McCain (not on that committee), Senator Obama (not on that committee), and the media throng showed up in his office to help draft and/or evaluate the $700 billion bail out (I don’t know how many 0′s that has, so spelled it out).
I just received an email suggesting that instead of giving that money to AIG and Lehman Brothers, we split it up equally among all adult US citizens. After each recipient paid tax on his/her share, he/she would have about $250,000 left to pay off a mortgage or a credit card, school loans, buy groceries, or a new car. Now that would stimulate the economy and the cost to the treasury would be far less than the cost of the bailout because 1/3 of the money would immediately come back as income tax. We probably need to check that math.
I love creative thinking!
