Last month Jon Stewart, the affable host of Comedy Central’s The Daily Show, made a suggestion during his interview with guest Gwen Ifill, of the serious news program Washington Week, as to how the economic crisis in the United States can be resolved.
We think Jon’s idea, like Ifill’s new book about political breakthroughs in this country, is indeed an idea to promote an economic advance in our system.Basically Stewart proposes the feds give the bail out money to the consumers to pay off debt; money specifically designated to pay off mortgages and other consumer debt. We, consumers, give it to the banks; the lenders wipe the slate clean. The banking institutions get the funding they need to make loans for college tuition, mortgages, new cars and businesses. It’s a winning idea for everyone.
We think the Obama administration and the Congress should implement this idea, make it policy as soon as possible.
Watch the video. Jon makes his proposal around five minutes into the interview.