OFF : Bailout

@

@ C

New member
Admin: Kill this if not appropriate.
Not trying to start anything because this is a forum wonderfully devoid of political BS.
All of our Senators and Congressmen are available by email to express our
opinions and I think this is the time we need to act and let them know what we think.
I have my opinion, you have yours, we have to let them know.
That is what Democracy is all about.
The only response I want is that you emailed your opinion to your representatives, period.
Thanks,
@C
 
Hi Folks,

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let's assume there are
200,000,000 bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18
And up..

So divide 200 million adults 18+ into $85 billion that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free.

So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.

That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.

A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage – housing crisis solved.

Repay college loans – what a great boost to new grads

Put away money for college – it'll be there

Save in a bank – create money to loan to entrepreneurs.

Buy a new car – create jobs

Invest in the market – capital drives growth

Pay for your parent's medical insurance – health care improves

Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 ( "vote buy" ) economic
Incentive that is being proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!

As for AIG – liquidate it.

Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can "never work."

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.


Danny McClane
 
C-Hawk":1nb43qgb said:
Hi Folks,

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let's assume there are
200,000,000 bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18
And up..

So divide 200 million adults 18+ into $85 billion that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free.

So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.

That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.

A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage – housing crisis solved.

Repay college loans – what a great boost to new grads

Put away money for college – it'll be there

Save in a bank – create money to loan to entrepreneurs.

Buy a new car – create jobs

Invest in the market – capital drives growth

Pay for your parent's medical insurance – health care improves

Enable Deadbeat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 ( "vote buy" ) economic
Incentive that is being proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!

As for AIG – liquidate it.

Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can "never work."

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.


Danny McClane
Click to expand...

DO THE MATH!! 85,000,000,000/200,000,000= $425
 
Given my extreme distrust of most parties involved, I've been pretty skeptical of the bailout plans being tossed about.

However, when it comes to financial matters, it's pretty hard to ignore somebody with a track record like Warren Buffet. I've always found his advice to be pretty level headed, and he's been accurate with predictions way more often than not. I found this interview he just gave to Charlie Rose to be quite entertaining and informative. He's one bright guy, with an ability to explain the current financial problems and proposed solutions in terms mere mortals can understand.

One such colloquialism he used, that I found particularly entertaining...his take on why people ride the wave of bubbles, long after doing so makes any financial sense whatsoever.

"Why should I leave Cinderella's ball at 11:45 when I can leave at 11:58? The only problem is that there aren't any clocks on the wall…"
 
C-Hawk":1lahxww2 said:
Hi Folks,

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.

<lots of stuff clipped>
Click to expand...

As pointed out above and in a previous thread, the math in the "We Deserve it Dividend" post is off by a factor of 1000. What some may not know is the apparent source of the ""We Deserve it Dividend" nonsense post. As best I can determine, it comes from a blogger named T.J. Birkenmeier - see his blog of Sept 18 and 25th. (note as he adds more material to the blog, the above URL may not take you to the correct page so you'll have to navigate his blog to the Sept. posts). Interestingly, Birk INTENTIONALLY screwed up the math as part of an experiment to see how many people would actually do the math. Birk concludes:

from the Birk Blog":1lahxww2 said:
Here are my conclusions from the Birk Plan experiment.

1. A money scheme that promises to benefit an individual will excite that person.

2. The bigger the perceived financial benefit, the higher the level of excitement.

3. The higher the level of excitement about personal monetary gain, the easier it is to suspend critical thinking and walk right past the missing zeros...and ethics...and moral principles.

4. Emotions will trump Intellect, especially when getting money or having it taken away is involved

5. Revoltin' developments can result from the unintended consequences of any action, no matter how well-intentioned the action may be.

6. And finally, I have come up with Birk's Financial Hypothesis which states:Emotionally-charged erroneous financial information that promises to benefit all taxpayers travels around the Internet faster than a politician can say, "Vote for me!"
Click to expand...

Something to think about during the election time. Don't believe everything you read, don't believe every email sent to you (even by like minded people), check the facts for yourself, and for goodness sake, do the math yourself! :lol:
 
Captains Cat":218qazgk said:
And the market immediately went :thdown :thdown
Click to expand...
This problem has been a long while in the making and the attempted stop gap measure (the bailout) has also been in the works for more than the hour or so since it passed. It might be just a TAD early to call the impact of the plan on the market....
 
rogerbum":2vq02tx9 said:
Captains Cat":2vq02tx9 said:
And the market immediately went :thdown :thdown
Click to expand...
It might be just a TAD early to call the impact of the plan on the market....
Click to expand...

Don't get excited, just looking at immediate market reaction, I think folks expected it to be :thup :thup not :thdown :thdown

Now it's down around the unchanged mark!!

Charlie
 
This pic is right off the CNN site. I think it's pretty obvious what this guy thinks of the whole thing. Either that or he thinks PIN means Pee In.

t1home.atm.file.gi.jpg
 
It's spreading like a virus.

http://finance.comcast.net/www/news.html?x=http://76.96.38.13/data/news/2008/10/05/1079095.xml

STOCKHOLM, Sweden - Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate AG and guaranteeing private bank accounts as European governments scrambled on their own Sunday to save failing banks.

Chancellor Angela Merkel said that no citizen should fear for the safety of their investments. Hours later, her government announced a new bailout package totaling 50 billion euros ($69 billion) for Hypo Real Estate, Germany's second-biggest commercial property lender.
Click to expand...
 
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