Quote:
Originally Posted by Jeremy
One of the big problems is Walt assumes there are $7B to work with. Imaginary money is one of the things people are fighting as it will result in a further decline in the value of the American dollar and lead us in a big circle.
Also, are those people going to pay the government back if they get on their feet/sell their homes? The idea is this will end up being paid back if the deal works. they are not giving money away.
He is absolutely right about the whole trickle down thing not working though. At least he is trying though. More than it feels like our esteemed leaders are doing.
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Jeremy, Walt said to thank you for your honest criticism. He does however want to point out that this imaginary money is just as real as the imaginary money that they will be giving out to the banks.
Also, there is no guarantee that the money will get paid back from the banks either.
I doubt that this letter will get very far with our esteemed leaders, but it is still worth sending.