The bailout that is going to work is going to be the Wal-Mart bailout.
It works this way, money is put in the hands of working families on a regular and continuous basis so that they can continue to shop. This means jobs.
Job creation begins with the central government funneling money to the States and municipalities who accelerate their plans for digging holes, for replacing sewers, building bridges and upgrading infrastructure.
In this way we upgrade our infrastructure, which is needed and will pay off in the long run and meanwhile the workers can continue to shop at Wal-Mart. Seems clear enough.
Where is the money coming from? From the central government, either by printing it or by taxing those who have more than they need to shop at Wal-Mart. No other social agency can do that.
Printing money de-valuates it. Taxing those that have a lot of it is not as hard on them as devaluation would be.
If the working class does not have money on a regular basis to buy from Wal-Mart, the auto industry will be far gone and so will the stock market.
So a pro-active bail-out of Wal-Mart makes more sense, perhaps more sense than a bail-out of Wall Street. Simple enough.
