Letter: Why not adopt the 'trickle-up theory'?

I heard a silly solution to the economic crisis the other day, but it just might work. It's the trickle-up theory.

Instead of giving $7 billion to the people and businesses that have created this problem, let's give every American household $1 million. I believe that would actually be cheaper especially when you add in all the extra costs that will be incurred by any bailout.

But just think of the ramifications. Homeowners would pay off their mortgages; everyone would want to buy their own home, solving the home sales slump. Credit card debt would disappear. The stock market would rebound quickly as individuals invested their new found windfall. Everyone would be able to afford health insurance, solving that problem too. The economy would soar from all the new cash available

The only people who might suffer from this idea would be the big credit brokers who got us into this mess in the first place. No one would really need credit for awhile.

Francis Allen
Yuba City