$700bln - the other way around

With the current $700bln government bailout plan aimed at saving the financial giants and keeping the financial industry afloat there is no wonder people are outraged. Taxpayers have to bailout irresponsible greed. And it amounts to over $2200 per person (including every child) in US, or somewhere at $10,000 per household.

How about the other way around? What if the government would give $1000 per month for each household, for one year. Just like that - hard cash for the hard working taxpayers. It will amount to the proposed $700bln. This way people will be able to keep payments on their mortgages and will stabilize the banking/lending system, be able to spend more and revitalize the declining small business sector. This, in turn, will trickle into the big business and stabilize it as well.

There are some variations possible - maybe $500/mo for two years to stretch it out more, or something in-between - $800/mo for 15 months. Still, a hell of a lot better plan than give money to those that created this mess in the first place.

As for the big screw-up financial companies waiting to be rescued - I say, let them fail. They sure deserve it and it will make room for other more financially responsible companies.