Give the $$ to the people

This is an interesting email I got from someone. It is not a good solution, BUT interesting different way of thinking. I thought it was quite funny in a good way.

-----

Dear All,

I am no man with the numbers most assuredly, but I was thinking,
since one of the main reasons for our current financial crisis is
the defaulted debts of millions of Americans, and that those defaults
have been causeing banks to go under, why not put the money (about
$400,000 for each American) back into the hands of consumers?

1) Americans would be able to pay off most if not all of their debts
2) the banks would get their money back, anyway, therebye ending
their money crunch.
3) Any extra money would go back to the economy and then wouldn't
that be the same as what Bush did in April with his stimulus package,
which has obviously fizzled.

If the banks get the money aren't they just going to be re-making bad
loans anyway? I mean they couldn't properly loan the money in the
first place, why give them more money. Wouldn't the government just
be creating more future debt? And if Americans can't pay those debts
now (also because jobs are being lost daily), how will they payback
future debt?

And by giving the money to the banks to apparently maintain their
power to give credit and loans , which basically means create debt
amongst Americans aren't we just making a deep whole deeper?

I mean, Americans still have enormous debts that they can't pay;
Americans still have mortgages they can't pay; giving the money to
the banks doesn't seem to solve the problem of Joe/Jane citizen being
able to pay their mortgages. They will still loose their houses,
creating more defaults. Wouldn't giving the money to them be more
practical?

Those of you are in the business of numbers and $, help me out here.

Thanks,

Tom