117 million Taxpayers received 170 billion dollars in stimulus relief this year, Wall Street wants 700 billion, want is Wrong with this Picture?

117 million Taxpayers received a total of 170 billion dollars in stimulus relief checks this year, now Wall Street wants FOUR TIMES MORE than that amount. I find it crazy that we would ignore the consumer and their exploding debt and instead manufacture money to give to Wall Street, whose primary job is to create more debt among these same group of american consumers that are already in debt.

Crazier still is to give this money to a group of Wall Street Investors WHO WON'T EVEN KEEP THE MONY IN THE UNITED STATES! CRAZIER STILL IS THAT SOME OF THIS MONEY WILL BE USED TO BUY INFLUENCE IN THE NEXT ELECTION!

Clearly, reducing INTEREST ON OLD CONSUMER DEBT for over a 100 million american consumers would re-ignite the economy. Instead, the consumer's interests are not being addressed, but the politicians are listening to the very people who will then rebate them money for their own political campaigns.

Stock Market loses 1.1 trillion in one day over 700 billion dollar bailout bill rejection.

At first thought, one would say it's a "no brainer" to pass a 700 dollar bailout plan if it prevents a one day 1.1 trillion dollar loss on Wall Street. It would also have been a no brainer to come up with a stimulus package for consumers that encourages consumers to pay down their debts, especially OLD, unsecured DEBTS.

Reducing OLD CONSUMER DEBT may possibly be the least discussed option by financial gurus, yet it makes the most sense. Old debt is money owed on unsecured purchases that a consumer has been paying interest on for more than four years yet the principle has remained the same or barely inched downward during that time span.

Wall Street bitterly clings to OLD consumer debt as a source of income in the same manner a dog chases it's own tail. Wall Street wants to be bailed out of current bad loans, but why? So they can make new loans to whom, people still trying to pay off old debt? Wall Street and the Government can only pack so much debt onto the backs of its citizens, then it's either relief, or imprisonment.

Relief is simple enough. Just allow consumers to pay off OLD DEBT interest free. The banks already have made a ton of money off of the interest that has already been paid on the old, unsecured debt, now the consumer gets to pay back the rest with no more interest charges. The plan is so simple, and worthwhile, that not even a peep has been heard in Congress, from the president, nor from Wall Street, because this plan actually helps the consumer first. The consumer in turn would help everyone else. The consumer helping the higher ups is a plan that just cannot be stomached by the egoists in power, shame on them.