Here is a simple way to stimulate the economy, save the banks, slow or stop the forecloseure meltdown, and help out the majority of homeowners in the U.S.

The Plan: 

Instead of giving the banks $819 Billion, give it to the people!  Divide it among every household above a certain ratio (TBD) of house payment to income (primary residences only).  Mandate that the recipients first pay down their credit cards, then apply the remainder to their mortgage. 

This would benefit the homeowner by lowering their monthly payments, thus increasing their cashflow and ther ability to Save and Spend.  This is true quick economic stimulus.  It would also prevent many new foreclosures, helping the saturated housing market while lowering bank's liabilities on bad or upsidedown loans.

PLUS...the banks still get their money!  

It improves credit scores making some americans more attractive loan applicants and gives the banks the cash infusion they need to start lending again, thus, easing the Credit Crisis as well.  Maybe some people might even buy an american car with the savings, solving that mess too!

Anybody got OBAMA's Blackberry number...