Tuesday, October 7, 2008

$300,000,000,000

McCain tonight proposed to buy up & renegotiate bad mortgages...
The figure cited by pundits is $300,000,000,000.

For $300,000,000,000 we could employ 6,000,000 people at the median income of $50,000.

... maybe to rebuild infrastructure? bridges, highways, refineries, ports (port security?), libraries, schools??? I believe $50,000 is greater than average starting salary for teachers.

The arithmetic is pretty easy:
$300,000,000,000 divided by $50,000 is 6,000,000.
Six million.
Six million employed Americans.
Any takers?

Sort of like FDR's WPA???

Would Republicans support this welfare plan?
(They just voted for $700,000,000,000 "rescue" plan for Wall Street!... this represents 14,000,000 [14 million] Americans employed at median income of $50,000!!!)

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