I'm not going to talk about the irony of a Republican government nationalizing companies, I think that horse is dead and beaten, instead I will talk about the numbers. I can say with a degree of certainty that most of us have never dealt with numbers that high in any field, especially when we talk about money.
The recent move by the US government to bailout failing major financial institutions is costing the American taxpayers around $700 billion, to some the move may seem like elitist socialism but in the end the American public gets to own one some of the most well known financial institution in history (at least technically), so congratulations Americans you're now the (technical) owner of one of the most prestigious financial institution in the world.
Let's look at that number again, 700 billion. Now let's take a look at the population in New York City, 8 million, now we move further back and look at the population of the US, it's estimated to be around 305,226,110, now lets move even further back and see the world's population, 6,725,295,014. Technically they could give away $2 million dollars to every person on the face of the earth and still have plenty more to spend, of course it would bring the world economy into financial ruin but seeing how things are going now I don't see the difference.
So here's my proposal, invest in people, give everyone $2 million dollars and hope they'd spend it, and if you're loosing or have lost your home because of the mortgage crisis I'm sure you'd like to buy that dream home you just lost.
