My bailout plan is better

Congress is working on a plan to spend $700 billion to bail out greedy corporate CEOs and Wall Street speculators.

I have a better idea. I would like to see Congress send a check for $50,000 to every American household. Let's bail out working people instead.

The U.S. Census Bureau estimates there are 140 million households in the U.S. So multiply 140 million by $50,000 and you come up with $700 billion, the exact amount Congress wants to spend to bail out corporations.

If you send the money to working Americans, you know where it went. People can pay off part of their mortgages, start a college fund for their kids, buy a new car or make repairs to their homes. At the very least they can use the money to heat their homes this winter.

That money goes right back into the economy and helps prevent a recession.

If you sink $700 billion into corporate America, you have no accountability for that money.

Let's send Congress home this weekend and hold a national referendum. Let the American people decide.

Do we bail out the American worker who is the victim of corporate greed and government collusion or do we bail out the very people who created the crisis?

(Also check out my earlier post on mounting government debt.)