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If they had paid the TARP money out to individuals - they would have

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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-06-09 03:53 PM
Original message
If they had paid the TARP money out to individuals - they would have
saved it or spent it. So there would have been an economic boost from the spenders AND the banks would have gotten recapitalized from the savers.

I'd like my share of the the $350,000,000,000 that's left to be direct deposited please...
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Blaze Diem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-06-09 03:57 PM
Response to Original message
1. Yes, wasn't the amount per American citizen something like $30,000 each?
Should have just given it to the people to spend however they needed to.
Either way, it would have ended up back in the economy anyway.
We'd all been better for it.
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rufus dog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-06-09 03:59 PM
Response to Reply #1
2. $3000 each
an email went out claiming 30k, bad math skills.
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Z_I_Peevey Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-06-09 04:22 PM
Response to Original message
3. If I had an extra $3000 right now, I'd bank about half
and spend half on big-ticket consumer items, like a dishwasher and new cookstove. Just as you said, presto! Capital for my bank and consumer spending.

However, because I am patriotic and I love my country,I'd rather see that $3000 go toward infrastructure.

But if it's between me and the CEOs, I say give the money to the little guy.
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-06-09 04:45 PM
Response to Original message
4. It would have been spent on personal items, not long term investments in
the American infrastructure, and any more savings to the banks would have come with no-strings-attached.

No thanks.
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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-06-09 05:18 PM
Response to Reply #4
5. Not talking about replacement for the Stimulus bill - just talking about
the balance of the TARP - cause we can all see how big a failure it was handing it over to the banks
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earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-06-09 05:19 PM
Response to Original message
6. That money should have gone to the people-not the banks.
:grr:
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