The "mother of all bailouts"

[trashtalkr]

Here is a good email that I received yesterday. I think this would be the best way to end our economic crisis, but we all know that Congress would never be this practical:

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 the
number of adults 18 and up. So divide 200 million adults 18+ into $85
billon that equals $425,000.00 each.

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 have
$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 Lehmann 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 US 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 the geniuses at AIG or in Washington DC.
And remember, my 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.

[blixa]

wouldn't that cause big problems with inflation?

[trashtalkr]

Well they have to print the $700 billion one way or another. But this is just a true way to stimulate the economy. Whenever the bailout plan is approved, then inflation is fucked no matter where we put the money

[AYHJA]

I would approve the bailout if they didn't remove the bad credit from your report, just reported your FICO as a 755...Fresh start for everybody, fuck it...

[raum]

I would spend alot of this for mandatory financial indoctrination.

and then Give $150,000 nontaxed to every American worth less than 5 million dollars who passes an online exam whether it takes five tries to pass or fifty, and they will be subject to month-by-month random accounting review for three years. Each of those three years on the day you passed the exam, you are issued a check for 50,000 (and the interest goes to your social security.)

That keeps enough to validate the persons who apply, verify their training in finance, distribute the funds, and secure it is going to help america. The rest goes against the national debt, which will now be sold to the American people, instead of the Chinese. The interest alone of owning a piece of the national debt will be enough to live on.

The rest of the idea sounds good, though.

[raum]

Good thing the candidates didn't hold off on the debate and still ain't there to vote.

Silly Senator McCain thinking this won't take care of itself... :laff:

[Highlander65]

Here is a good email that I received yesterday.
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 the
number of adults 18 and up. So divide 200 million adults 18+ into $85
billon that equals $425,000.00 each.

Apparently that math wasn't simple enough. 85,000,000,000/200,000,000=$425 and NOT $425,000. Even at 700 billion, the per person cash would be $3500. At $3500 per person they might make a dent in the economy, but just like the last incentive they handed out, most people used it to pay the back bills and not to buy cool stuff which is what would build the economy.

[AYHJA]

CDR

[trashtalkr]

Haha I didn't even realize that. It sounded like a good idea though!

[Highlander65]

By the same token, if tax payers are going to foot the bill for the bail out over even three years that is $1167 per person per year tax increase. After an increase like that, anyone coming into office can increase the payoff time and say, "We are going to cut your taxes by $600 per person per year. :fakeasssmile: " and still look good without doing a damn thing for you and me who are STILL footing the bill.

I am sick and tired of the "Bend Over America" politics. :curse: