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I’m against the $85,000,000,000.00 bailout of AIG. I'm also against the $700,000,000,000++ bailout being proposed in Congress right now!

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 billon -- 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.
Pay off credit card debt.
Repay college loans – what a great boost to new grads
Put away money for college – It’ll be there for Junior.
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, This plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.

I like it but I think your math is off. The actual math comes out to $425.

Nice idea, but don't we then all have to pay it back (within 10 years?)

But I know one thing... I'll agree to support a bailout when every one of the people (CEO's, CFO's, and brokers) at the companies now threatening bankruptcy pays back every penny of the money that they made getting us into this mess in the first place.

Bottom line is that we shouldn't reward these companies for bad behavior

It's kinda like if I were to tell my kid not to do something or else they don't get dessert. Then my kid does it anyway. And I still give him dessert.

Skibo wrote:I like it but I think your math is off. The actual math comes out to $425.

Can't take credit for the plan or the math....was an email sent to me...but I think you're right

Skibo wrote:I like it but I think your math is off. The actual math comes out to $425.

So after taxes I end up with $297.50? I guess that thousand bucks isn't so bad after all.

Here's the plan I got in my email:

SCAM ALERT

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gramm, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transaction is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@ treasury. gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury Paulson

I think I just want my 2000 Hot Apple Pies from McDonalds.



http://www.techpresident.com/blog/entry ... 00_billion

BFinnsUp wrote:I think I just want my 2000 Hot Apple Pies from McDonalds.



http://www.techpresident.com/blog/entry ... 00_billion

I saw that on the Daily Show. I wonder if I could get cherry, or if the paperwork would be prohibitive?

chippewa wrote:

BFinnsUp wrote:I think I just want my 2000 Hot Apple Pies from McDonalds.



http://www.techpresident.com/blog/entry ... 00_billion

I saw that on the Daily Show. I wonder if I could get cherry, or if the paperwork would be prohibitive?

My guess would be prohibitive paperwork.

I have 1 credit card. I try to pay it off every month. The "bail out" amounts to $3600 for every person over 18 Years. %%$##%^^& Man!!!! What I could do with that kind of money!! 700,000,000,000 plus. When they add all of this up it will be over 1 trillion!! Thats Your money. I almost own my house free and clear. I worked and saved ( not seeing Jimmy when I couldn't afford it) Not buying a new car every 2 Years or so. Smaybe I'm missing something, but, I worked at the CBOE trading for Years. I am not rich by any means. I just live whit in my means. Not using my Cards just to buy a $6.95 Latte.

If Most of us smoes screwed up would the Feds give us a "Loan" No way jose.

Please feel free to lambaste me. I just think that If they screwed up let them bail themselves out.

moeron wrote:I have 1 credit card. I try to pay it off every month. The "bail out" amounts to $3600 for every person over 18 Years. %%$##%^^& Man!!!! What I could do with that kind of money!! 700,000,000,000 plus. When they add all of this up it will be over 1 trillion!! Thats Your money. I almost own my house free and clear. I worked and saved ( not seeing Jimmy when I couldn't afford it) Not buying a new car every 2 Years or so. Smaybe I'm missing something, but, I worked at the CBOE trading for Years. I am not rich by any means. I just live whit in my means. Not using my Cards just to buy a $6.95 Latte.

If Most of us smoes screwed up would the Feds give us a "Loan" No way jose.

Please feel free to lambaste me. I just think that If they screwed up let them bail themselves out.

I read somewhere recently (it was probably the Wallstreet Journal) that the average credit card debt in the United States is approaching 10,000$. Average! People are crazy with money. . . .

chippewa wrote:Here's the plan I got in my email:

SCAM ALERT

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gramm, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transaction is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@ treasury. gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury Paulson

ok.. need a squeegee over here

moeron wrote:I have 1 credit card. I try to pay it off every month. The "bail out" amounts to $3600 for every person over 18 Years. %%$##%^^& Man!!!! What I could do with that kind of money!! 700,000,000,000 plus. When they add all of this up it will be over 1 trillion!! Thats Your money. I almost own my house free and clear. I worked and saved ( not seeing Jimmy when I couldn't afford it) Not buying a new car every 2 Years or so. Smaybe I'm missing something, but, I worked at the CBOE trading for Years. I am not rich by any means. I just live whit in my means. Not using my Cards just to buy a $6.95 Latte.

If Most of us smoes screwed up would the Feds give us a "Loan" No way jose.

Please feel free to lambaste me. I just think that If they screwed up let them bail themselves out.

I ain't gonna lambast you. We also have our house and one car paid for, and only use credit cards sparingly. We have always been frugal and THIS is what we get for being financially responsible ? ROYALLY SCREWED ? That's always the way it goes: the hardest working, responsible people are the ones carrying the load for the deadbeats, crooks, free-spending nutcases.

citcat wrote:

moeron wrote:I have 1 credit card. I try to pay it off every month. The "bail out" amounts to $3600 for every person over 18 Years. %%$##%^^& Man!!!! What I could do with that kind of money!! 700,000,000,000 plus. When they add all of this up it will be over 1 trillion!! Thats Your money. I almost own my house free and clear. I worked and saved ( not seeing Jimmy when I couldn't afford it) Not buying a new car every 2 Years or so. Smaybe I'm missing something, but, I worked at the CBOE trading for Years. I am not rich by any means. I just live whit in my means. Not using my Cards just to buy a $6.95 Latte.

If Most of us smoes screwed up would the Feds give us a "Loan" No way jose.

Please feel free to lambaste me. I just think that If they screwed up let them bail themselves out.

I ain't gonna lambast you. We also have our house and one car paid for, and only use credit cards sparingly. We have always been frugal and THIS is what we get for being financially responsible ? ROYALLY SCREWED ? That's always the way it goes: the hardest working, responsible people are the ones carrying the load for the deadbeats, crooks, free-spending nutcases.

I agree too!!!! People were taking out home loans for several times what they knew they could afford - just because the mortgage companies were basically giving the money away by approving loans with no verification of income. These same people were also maxing out credit cards.

In the end what are we teaching the youth of America? That you can pile up bills and not pay them out and that's ok?

First, we are already screwed. The damage was done months and years ago. It’s over and we are screwed. Now it’s just a question of how bad it will hurt. The “bailout” is a softer screwing than letting the whole system collapse in which case we WILL be throughly screwed.

Secondly, the government is not giving away money. It is buying undervalued assets with the intention of selling them back into the market when it stabilizes, presumably.

If it was anyone but government, we would probably be talking about potentially doubling or tripling our money on this deal versus being saddled with a bill. I have little faith that the people will see any “profit” but they are also not guaranteed to take a $500 billion loss, either.

I am financially irresponsible.....I will freely admit that.
Never in a million bajillion years would I expect anyone to bail me out.

I am IRKED beyond belief at the compensation packages these schmucks are getting when they leave these companies in ruin and the taxpayers to pick up the shattered pieces.

pbans wrote:I am financially irresponsible.....I will freely admit that.
Never in a million bajillion years would I expect anyone to bail me out.

I am IRKED beyond belief at the compensation packages these schmucks are getting when they leave these companies in ruin and the taxpayers to pick up the shattered pieces.

THAT is the one thing that I need to see.... some retribution is in order

pbans wrote:I am financially irresponsible.....I will freely admit that.
Never in a million bajillion years would I expect anyone to bail me out.

I am IRKED beyond belief at the compensation packages these schmucks are getting when they leave these companies in ruin and the taxpayers to pick up the shattered pieces.

I am irked that the same people who happily decry handouts for nameless, faceless "welfare queens" are right there in line for "government cheese" after having made a lot more irresponsible decisions that affect far more people than their immediate family

moeron wrote:I have 1 credit card. I try to pay it off every month. The "bail out" amounts to $3600 for every person over 18 Years. %%$##%^^& Man!!!! What I could do with that kind of money!! 700,000,000,000 plus. When they add all of this up it will be over 1 trillion!! Thats Your money. I almost own my house free and clear. I worked and saved ( not seeing Jimmy when I couldn't afford it) Not buying a new car every 2 Years or so. Smaybe I'm missing something, but, I worked at the CBOE trading for Years. I am not rich by any means. I just live whit in my means. Not using my Cards just to buy a $6.95 Latte.

If Most of us smoes screwed up would the Feds give us a "Loan" No way jose.

Please feel free to lambaste me. I just think that If they screwed up let them bail themselves out.

SHAME ON YOU!
That's NOT very Obama-like. Please try a little harder next time.

and please allow me the honor of buying you a six pack of beer every day for the rest of your life.