unemployment and the bailout

[provis99]

I just made a quick calculation: the Bureau of Labor Statistics (BLS) states that in March, there were 13.2 million unemployed in the country. Likewise, the BLS says the US median wage for 2008 was $32,390. The financial sector bailout has cost $700 billion plus. Yet if instead of a bailout, we had simply had the government give every unemployed person the median wage for a year, wiping out unemployment and kicking the economy into overdrive through increased consumer spending, that would only have cost us $428 billion.

We could have ensured zero unemployment immediately, and pulled ourselves out of the recession immediately, for $300 billion less.

Now can someone explain to me why don't we do something simple like that, rather than blow the money on millionaire financial CEOs and bankrupt corporations?

[madrchsod]

1. money talks and we get screwed

we have`t the money to buy politicians

[billyoc]

2. "Moral Hazard"

:grr: