Monday, February 09, 2009

How Stimulating!

According to Bloomberg, "The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages."

Uh, so why don't they just pay off every mortgage over $250,000? Not only would that save the bankrupt banks from going bankrupt, it would free up massive amounts of cash and create at least a decade of economic growth.

If they're going to spend that much money, why not spend it where you KNOW it will make a real difference? SRSLY, there's no guessing here. No need for complicated economic models. End the recession in one fell swoop. Today. (Historically, such an action was called a Jubilee, which explains why the word jubilee means what it means - via "All debts, except those of foreigners, were to be remitted (Deut. 15:1-11). There is little notice of the observance of this year in Biblical history. It appears to have been much neglected (2 Chr. 36:20, 21).")

So why don't they do that? If you can answer that question honestly, you'll know who is actually in charge of our democracy.

Hint - Because if the banks can get that $9.7 Trillion and still have you on the hook for your mortgage, that's what they're going to do.

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