Defending My Bailout Plan

This link is for the related blog:

http://pontificating-randy.blogspot.com/2008/11/bailout-money-no-questions-asked.html

For those of you who think I'm nuts for proposing such a plan (Hey, hold it down to a low roar...who asked ya, anyway?), I just want to make a few points. First, if every American got $25-30,000, it would almost have to help the ailing auto industry, as I'm sure many people would want to get a new vehicle. It would almost just as assuredly stop foreclosures, as most people who are behind on payments, or about to be, would make their mortgage payments, thus taking this issue off the table (for awhile, at least), and giving prices some stabilization. Further, many people might put money down on a new home (or an existing home for sale). With foreclosures virtually ended, that has to help the banks and other lending entities. With Americans spending much of their "bailout" money, it would also have to increase employment, giving the new administration time to get plans into effect to increase alternative energy sources and rebuild America's infrastructure.

One last thing, while you might have thought my plan sounded way out, with no possibility of happening, I just want to tell you what Ben Bernanke said in a speech several years ago, before he was Fed Chairman. At that time, in talking about deflation and possible "depression like" conditions, Mr. Bernanke said that he'd recommend "dropping money from helicopters." This, folks, is the same thing I'm saying, but with out the copters. Hey Ben!!! Just mail us the checks and save the money from all those choppers.