Monday, October 13, 2008

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$70 Billion bailout divided by the 227,719,424 American's over the age of 18 = $3,074 per person. If you take into account money from other bailout packages the number only grows. Which brings me to an interesting question. Would putting more money directly into the pockets of out citizens produce a greater finical stability and resurgence of the economy? The $3,074 would amount to more money than the stimulus package distributed over the summer, which was a bandaid for a bullet wound. Perhaps it would have been in our interest to let the banks fail and start over with a clean slate. Although reflecting a different context, this question from Thomas Jefferson sprung into my mind when I was thinking about these question: "And what country can preserve its liberties, if it's rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to the facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants.It is its natural manure." It was also Jefferson who said, "Banking establishments are more dangerous than standing armies." Food for thought, reminding us all of the importance history.

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