So why ain't anybody talkin about the bailout?

[Diane Amberg]

Apparently McCain and Obama and crews have agreed to drop campaigning for a bit and head back to Washington. Since 3 of the 4 are senators they need to be there to vote. Poor Sarah will be left out, or maybe she'll keep campaigning on her own.

[Judy Harder]

I think this is a better solution to the housing problem. 

This is sort of Tongue in Cheek thought.....but it came in an email this morning and it makes more sense than what I hear on TV.
I am confused, but realize that very soon someone IS going to say we are in a DEPRESSION and all I can say is, "YOU THINK?" I think we have been there for a few years and just now, the "powers that be" are finally getting the message., I hope you all will take this with a "GRAIN OF SALT" but, just think what all we poor people could do with this......WOW!!!

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 the "We Deserve It Dividend" more than 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.



'Poor People have been voting for Democrats for the last 50 years, .............and they are still poor.'
(Charles Barkley)

[frawin]

Judy, HAVE A GREAT DAY
Frank

[pam]

Lol, sounds like a plan to me Judy :laugh

[Maude]

I have several problems with the whole mess. 1. Why should I help bail someone out that is in over their head and the banks know it when they gave them their loan. 2. Fire everyone at the top, they were the ones that approved these loans and I am sure they have millions in overseas bank's and could live just fine with out working.

Maude

[pam]

I'm not poor Frank. I'm actually a very rich woman in the things that count, so I guess votin Democrat has worked for me just fine. Just like it did for my father and his father.

[flo]

far as I can figure, my family has been poor since the "Hoover Boom".  Let's see,  I think he was republican, right?

[sixdogsmom]

I tried it (voting republican), didn't like it (Bush administration)! 

[mtcookson]

From another forum I frequent:

From what I understand, it's not altogether a bad deal, and here's why:

A lot of these defaulting loans were at 9, 10, 12 percent. The Fed can borrow at 2-3%. This means they can salvage mortgages for these homeowners (I know, it's a crappy fix) and still make money on them by offering them at 6-7%.

I don't doubt that the funds will come back, with profit.

It's a catch-22, for sure, as I oppose it on principle. But smarter people than me are saying its damn near a necessity at this point.

[pam]

From another forum I frequent:

From what I understand, it's not altogether a bad deal, and here's why:

A lot of these defaulting loans were at 9, 10, 12 percent. The Fed can borrow at 2-3%. This means they can salvage mortgages for these homeowners (I know, it's a crappy fix) and still make money on them by offering them at 6-7%.

I don't doubt that the funds will come back, with profit.

It's a catch-22, for sure, as I oppose it on principle. But smarter people than me are saying its damn near a necessity at this point.

Big big mess............................