Concerning the 700billion bailout if you divide aprox.300000000 UScitizens what do you get?

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Answer

1054839

2026-03-30 08:30

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700 Billion is 700,000 times 1,000,000 =700,000,000,000 (yes, that is 11 zeros)

Divide that by 300,000,000 = 2333.3333....

That is basically $2,333.33 for each American citizen.

I wish they would have divided it by the number of Adults of voting age and given it directly to us. =)

Just as a side note, simply giving money to people would have caused a ton of inflation and probably caused even more debt (is it a well known characteristic of the American consumer to have a very high propensity to consume; to the point they spend more than they actually have. In practical terms, it means the $2,333 could have been used to buy a $2,500 TV, etc). The problem at hand was that debt market were illiquid. The purpose of the TARP is to provide liquidity to those assets, not to just give money to people (which, as stated earlier, had a high chance to compound the problem).

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