Jon Stewart challenges Lawrence Lindsey and asks Lindsey about the viability of Stewart’s own plan – giving the bailout money to the people of the United States to pay of their debts, which in turn, brings liquidity back to the banks.
CNN Money Summit: Your questions answered “Why can’t we split the money among taxpayers?” – the answer is dismissive – that we would simply save the money and not spend it.
In what universe does that occur? Not America. It would get spent one way or another – and very, very quick.
Thanks to dangerousmeta for the common sense.
While something approaching libertarianism (letting the free market rule without reasoned oversight) got us into this – it just maybe something approaching libertarianism that gets us out.
As John Stewart and Garret say, “Give us the cash, let it trickle up.”