Representative Dennis Kucinich spoke to Rachel Maddow regarding a plan that sounds like a possible winner to me. What do you think?
Kucinich's plan would center around giving relief directly to the taxpayers who are most in trouble in the economy, i.e. those losing their homes.
His idea is to take a 'bottom up' approach and deliver the liquidity to the small investor instead of to the investment house.
From what I can see, that would force the investment bankers and the corporations, those who bear some responsibility for this, to actually earn their money by selling to those with the money to spend. Perhaps a rider could be attached to the funds that would mandate a certain amount be put towards stocks. (This is just a fuzzy idea right now, mind you.)
With the stocks relatively low at the time, there is a very good chance that investors would stand to profit from their purchases, which, with a mortgage that has been settled, would increase dramatically the financial standing of those who support the market and the traders.
Money would flow back into the system, firming up the stock market and easing pressure, it seems to me, on everyone.
It doesn't mean that a certain amount couldn't be directed towards banks reaching insolvency, but I think the idea of running this from the taxpayers point of view has merit.
Discussion?