Fanni & Freddi are government subsidized entitys. H.U.D. affordible housing programs. SOCIALIST governments always fail the workers, as they gain control. More failed programs too come... social insecurity, public education, health care, oh yea! H.U.D. again.

Michael Usry doesn't juggle zeros very well. Giving every one of the 300 million Americans a million dollars would equal $300 TRILLION. The $700 billion bailout works out to about $2300 each. That's still quite a bit, considering the popluation includes children and retirees, but way below his estimates.

The stimulus checks in the spring boosted the economy for about 2 months. The AIG bailout cost as much and its effect lasted 2 days. The bailout boosted the market for about 2 hours. The stimulus checks went to pay mortgages for those who needed mortgage help, paid credit cards for those behind in that area and the rest went to purchasing to boost the real economy. It naturally started to solve the problems we have in the right ratios. The only problem is that this solution that worked wasn't repeated. A stimulus check every 6-8 weeks for about 6 months or so would cost less and would probably be all we need to work our way out.

Obama wan'ts more government.  Socialist is as does spend spend spend.

Uptil now (26/10/2008) the sensex namely the Mumbai Stock Index in India is down at 8705 points from 21025 just 10 months ago! The loss itself equals a USD one trillion for the Indian stocks! The No 1 engineering giant which was quoted USD 122 in Jan 2008 is quoted presently at USD 17 now!

same standards for people business and gov. sound good to me, if their lieng cheating and stealing lock them up

Pres. Bush belongs to a secret society from his college days. Former Pres. Clinton has attended very secret society meetings in Europe (armed guards around a fenced compound. Very wealthy people from worldwide attending). Kinda makes you wonder if the wealthy have finally figured out the perfect method for consolidating even more in their hands. Create a crisis and have the G7 hand out money.

So Mike S: What your saying is those of us that have no car loans(drive 10 year old cars ) ,payed off our morgages ontime, have no credit cards or goodies are to blame. Wall street is still (today) doing the same old thing except now with billions of our ( the taxpayers) money. How do you blame us for that ?Another line pops up in my head " I see said the blind man No you don't said the deaf man"When somebody offers you a piece of the pie  when you see everybody else eating It don't matter if 10 % has poison your going to eat it anyway & take your chances. Well turns out a lot more than 10% was poison now don't it. I guess my point is some of us ( a whole lot) have done the right thing & we get kicked in the nads anyway. It's really getting old

Hey Michael,

Do the math:  700 billion dollars / 250 million americans = $2800 per american

Think before you spout....

BTW, giving everyone 1 million dollars (250 TRILLION from the fed using correct math) creates more damage because of inflation.  Remember Germany's inflation?  Wheelbarrows of money for a loaf of bread.  So under your plan, what little money you have left in your 401(k) can now buy you a 'happy meal'.

steal from the rich, give to the poor, soon there will be rich no more.

Taking from peter to pay paul will get pauls vote everytime. Mark Twain.

Ask Obama how does this create wealth for our naition?

class envey socialist.

I like Glenn's comment on production, it's the real issue here.

We have given away our jobs in favor of cheap imports.  We have allowed our corporations to steal from the third world labor, and destroy our ability to earn income.  To maintain our standard of living, we have to borrow wealth into our economy.  Its coming to an end.

I don't think that Obama will bring back protectionism either.

Lee