Bail out Americans not Companies

In one room in Capitol Hill today, lawmakers were discussing plans to help clear American banks of the enormous debt on their balance sheets. But in another room, lawmakers were hearing from individual Americans drowning in debt of their own -- with no plan in sight for a bailout.

There is no danger that the debt carried by Douglas Corey, a 44-year-old single father from Rhode Island, is going to cripple the American economy the way toxic assets have at America's premier financial institutions.

But for Corey, that same credit that Treasury Secretary Tim Geithner and Fed Chairman Ben Bernanke want to get flowing is a big part of his own economic problems. And nobody is talking about cleansing anything from his books.

Geithner and Bernanke told Congress Tuesday about the new Obama administration plan to "cleanse bank balance sheets of troubled legacy loans and reduce the overhang of uncertainty associated with these assets," which should make it possible for banks to float more credit into the economy. - ABC News Story

OK, time to go back to my math and my Economic Recovery Plan.

Based on all the money they have put forth in the effort to bailout these Financial Institutions and other companies, roughly $3 Trillion Dollars. Follow along. This money went to prop up the Financial Institutions to buy up debt.

If you would have approached it the way that would truly have helped MAIN STREET, not WALL STREET, then you would have done this:

If you divide that $3 Trillion by the number of Americans that Voted (122,226,000). That is roughly $24,000 per voter.

You wipe out up to $24,000 per voter of debt, be it credit cards, Mortgage, Student Loans, Cars, what ever. That would be $48,000 for married couples.

The money is going to the same financial institutions only it is actually wiping out debt and doing it for everyone.

The money that people are saving by lowering monthly payments is then going to be invested and spent in the same businesses that are struggling to survive while we bailout the Banks. What about the grocery stores, malls, restaurants, etc. This would do more for keeping people to work and for putting people to work. Not to mention if you did lose your job, the lower monthly obligations would be more help than anything put forth thus far.

There it is, my plan. I am sure that it can't be that simple. I would have to reword it and add a whole bunch of needless stuff like condoms for the Kindergartners or a study to figure out if ants fart, but we could get this economy running real quick.