Yes and most of it was spent on paying off debt rather than buying tvs and iPods to stimulate the economy. I know I put my check into my savings account and didn't think about it again.
Isn't that the biggest goal right now? Maintaining a healthy banking and housing system by subsidizing rent, mortgages, debt payments etc? $1000 a month doesn't seem like a stimulus, it seems like a bridge to the other side.
Better than $1000 would be codified protections for tenants or borrowers. Yes, this doesn't have to be an either-or thing, but I'd still want to have the law on my side.
I guess what I mean is that in order to fix, as Yang says, the biggest winner take all economy, you have to do something different than just throw money at it (lest the winners take that, too). The goal should be to address why we're here in the first place to make sure it doesn't happen again (at least not to this level), and not to just barely get by and bounce right back to being one inconvenience away from ruin.
