In other words a cash stimulus to every American? Do you have any idea how many really really stupid people there are in this country who would NOT use that money for its stated purpose? Also, how would that help the people already unemployed, since they are paying no taxes? And do we just leave out the new homeless middle class families living with friends, shelters, or sometimes in their cars because they no longer own their property and can't afford to rent?
Try to stay with me on this. The GDP of the USA is about 13 Trillion Dollars. If this Dollars for Domiciles was enacted the GDP would be 18 Trillion. The economy is heated up only by people spending money.
This is why the Big 0's stimulus did not work. There was no incentive to spend. In truth, the fear factor was so great that those who had the cash to spend held on to it because they were afraid of tomorrow. The worst economy since the Great Depression is, as I recall, the battle cry of inspiration that the Big 0 used.
Simply enacting a tax cut would have had the same effect. Those that got money back would have reduced debt or saved it.
By incenting people to spend money and lots of it, there would be plenty of jobs because THERE WOULD BE LOTS OF WORK TO DO. Employers hire employees to do work. When the GDP increases by 38%, work to support this increase will increase by 38% and payrolls will increase by 38% and personal income will increase by 38%.
The increase in personal income would be taxed at the rate of about 10%, the materials would be taxed at sales levels and the licensing fees would be collected and labor would also be taxed at the sales level. 20% of the outlays would be from tax dollars and those outlays would be returned in increased tax revenue. The approach taken by the Big 0 was one that rose from the belief that the problem could not be solved and the suffering needed to be reduced.
This was both fearful and pessimistic. No audacious hope in anything but his words.
The people you are talking about who do not have domiciles now would have had them or retained them before losing them except that our leaders are idiots.
It's the difference between burning a series of matches to try to warm a room or using one match to light a log. In one example, you end up with a cold room and no matches and in the other, you end up with a warm room and a book of matches left to use.
The Big 0 has given us a cold room and used all the matches. Now what?