$700 Billion in 'reverse economic stimulus checks'

Congress may approve the American President's proposal to allocate $700 BILLION to the biggest bailout of financial institutions since the Great Depression.

How much is $700 BILLION?

It's about equivalent to giving a $100,000 Hummer to each man, woman and child living in the San Francisco Bay Area.

Or giving a hundred pairs of $40 blue jeans to every college student in the United States!

Or equivalent to awarding $17.5 million to every taxi cab driver in New York City!

Or giving a $200 gas card to every person worldwide that has a mobile phone!

Or if every adult person in America was forced to make out 7 (SEVEN) $600 checks payable to the government. Call it a reverse-economic stimulus payment plan. Or 'get one $600 stimulus check, and give back seven $600 checks'.

Understanding the crisis:

Ron Paul: "If this process continues, we're going to own General Motors and Ford, then we will have to own the airlines. We are socializing our country without even a vote by the Congress. It's a horrible situation."

Adhip Chaudhuri, economic analyst, 'At the same time, let us be sure that the US government will be left with all the lemons while the private companies will keep all the peaches. No doubt this will bail out the private financial institutions, but how much will it cost the taxpayers?'

Danny Schechter, GlobalResearch.ca: 'Joe Nocera in the New York Times was less positive, likening these measures to a “hail mary pass” in football where a quarterback just flings the ball in the final minutes of the game and hopes someone catches it, noting that ”most of the time they fail.”'