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Discussion Starter #1
This was from an email...but GREAT IDEA

WHAT IF THIS WAS $700 BILLION AS NOW PROPOSED FOR BANKS. ??

DO THE MATH...........







Sounds like a good plan to me!!


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 billon that equals $425,000.00.

My plan is to give $425,0 00 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<http://ragingbull.quote.com/mboard/boards.cgi?board=JOKES&read=64700>
-
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 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 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, 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.
 

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Squirrel Master
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The financial bailout is targeted toward lending agencies and the housing markets. If you gave adult Amercians $200,000+, can you imagine the boom in the housing market? It would go from a 17-year low (which its currently in) to an almost guaranteed all-time high.
 

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The Bailout no mater what way it goes is bad for all, if they do it we all pay 200% + more in taxes if they don't we fall into a depression. Go figure, we're all screwed no mater what happens..
 

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wow,, I like your way of thinking,, that would be cool, but wont happen,, but very cool
 

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Squirrel Master
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The bailout is nothing more than a theoretical solution, and I'm afraid it's going to remain a theory, with no real evidence as to whether it will actually work, up until the day the checks are signed. Do we really want to gamble $700,000,000,000? I realize that's pocket change compared to our multi-TRILLION dollar defecit (but we are NOT in a recession :rolleyes: ), but still.

And the "theory" behind the bailout, when you strip away all the politics, is that by getting these institutions back on their feet, they'll have a government incentive to lower lending rates, make it "easier" on the American people to buy homes, thus stimulating the housing market and the economy. In my opinion, lenders can lower the interest rates and the financing charges and add as many incentives and signing bonuses as they like, but the fact STILL remains - Americans don't have any money. You can't stimulate an already dead economy. At what point will they stop looking at things in shades of green, and realize that taking money from one pot and putting it into another is NOT the answer???
 

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Discussion Starter #8
As I listened to Bush on TV the other night, I was stunned by a few things.

1. Welcome to socialism.
2. Repubs will spend forever...and the next Dem that trys to clean up the mess will get the blame for huge taxes while trying to pay the bills of the previous repub.
3. You can NOT give credit to business that push the sales of CREDIT and drive the citizens into using More CREDIT...Thats how the whole problem started to begin with. End the credit and end the problem.
 

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Everyone Knows that the problem started with the Dems making these lenders give loans to everyone. If they could pay or not. Everyone should own a house and these lenders are bad because they only lend to the rich, that can actually pay it back. Ninja loans cooked up by the Dems to advanced sociallism is what killed the housing market and all the lenders. Thanks Dems for being so caring and wanting to get the poor vote by giving them credit, then watching are economy crash. I like the idea of all the cash, I would buy a house and a AMERICAN auto. I hate people that cry about jobs then get in there toyota and go home.
 

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Discussion Starter #10
Lobbyist my friend lobbyist. You don't think the banking industry pushed hard to get the deregulation through to make a quick buck??

And the repubs have had 6 years in congress that they could have changed the policies if they wanted to.

And tracking back to 1980-1992...Wasn't there some banking issue back then. A savings and loan scandal. And I seem to remember Jr being involved in it. Wouldn't that point to history repeating itself?? Or is it just every time a repub takes office we can watch the banks crash?

Most of the time I hear repubs saying..."If you cant get a job and pay for your bills yourself, your irresponsible." Why shouldn't this apply to big business...If you can't pay your bills with your MBA, CEO position then it appears you FAILED and should be fired. Piss Poor management of these companies has resulted in failures across the board. Fire them and let the "grunts" who seem to work their butts off and pay their bills take over and run the company. Not like they could do any worse.
 

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I'm not totally against you on this one bouncy, but Big Bill started THIS mess. The Republicans say "if you can't buy a house then go without" The Dems say "Hey you have to lend so much too minorities and illegals" Now the Dems are all scratching there heads and wondering why all those unsecured loans, they made the banking industry give out went into default. Then chocking out the market. Even Hillary was against alot of this reckless lending, but was beat up by the OH POWERFUL Nancy, and sent packing. Face it bouncy, if the Dems don't put us all back to the depression this time, there sociallist agenda will get us next time, and the american people will just sit and watch.
 

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I'm not totally against you on this one bouncy, but Big Bill started THIS mess. The Republicans say "if you can't buy a house then go without" The Dems say "Hey you have to lend so much too minorities and illegals" Now the Dems are all scratching there heads and wondering why all those unsecured loans, they made the banking industry give out went into default. Then chocking out the market. Even Hillary was against alot of this reckless lending, but was beat up by the OH POWERFUL Nancy, and sent packing. Face it bouncy, if the Dems don't put us all back to the depression this time, there sociallist agenda will get us next time, and the american people will just sit and watch.
Well just because they say "if you cant buy a house then go without" doesnt mean they played a helping hand in this mess:hi:

I know plenty of republican families that overextended themselves and now are in bankruptcy.
 

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well jonb I agree with you on the part that they were lending money to undiserving people, bc you have to cualify to get those benefits, but its not all on minorities the regular american can also be tight in money and fail to pay loans,, I dont talk about illegals well bc they are illegals and should not get aproved for this tipes of money loans, but.. but.. I disagree that its all the peoples fault,, the administrations has a big fault to do with this crash,, you will see in a few months how the FBI will star arresting and investigating big CEO's of big companies and banks.. how come if the economy is soo bad they keep getting richer and the regular americand and poor american keeps getting poorer..? ask yourself that.. my friend
 

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Discussion Starter #14
I'm not totally against you on this one bouncy, but Big Bill started THIS mess. The Republicans say "if you can't buy a house then go without" The Dems say "Hey you have to lend so much too minorities and illegals" Now the Dems are all scratching there heads and wondering why all those unsecured loans, they made the banking industry give out went into default. Then chocking out the market. Even Hillary was against alot of this reckless lending, but was beat up by the OH POWERFUL Nancy, and sent packing. Face it bouncy, if the Dems don't put us all back to the depression this time, there sociallist agenda will get us next time, and the american people will just sit and watch.
Interesting.

Wasn't Jr the main person trying to KEEP the illegals IN the country for cheap labor???

Thus basically saying "if we can't hire you for dirt poor wages, then we can out source you or hire illegals instead of paying a decent wage." Wouldn't that prevent a person from being able to buy a home??

Curious question that hasn't been asked much. For all these unsecure loans that were given out. Where is the PMI Insurance that people pay on the loan when they can't come up with 20% down??

I know I paid PMI on my first house. If its an unsecure loan, we have to presume its a person who doesn't have the 20% down to get out of PMI. Thus PMI "should" be picking up the tab for this market failure. Shouldn't it??

Jonb8...you tell me to face it. But the proposed plan from jr two days ago was the ultimate socialist control take over in the history of this country. The government buying everything and controlling it. Bush himself said MY ADMINISTRATION put forth to congress a bill for 700 billion to be approved. If that doesn't scream the repubs are pushing socialist agendas, I don't know what does.

Lets FACE THIS...The repubs and big business are trying to find a way to own all real estate, pay pennies for hard work, and bring back slave labor. If you can't see it, Glasses may be needed.
 

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Yea bouncy your right about JR selling out on this, but no money down, no job ninja loans were the brain child of the Dems. I didn't only mean minority's, the poor white;s didn't have to have a job either. Only thing they had to do was sign there name. Jr is just doing this so Mcain can fight with him and look more like a maverick. Thus helping him with the conservative base. It's so predictable, but the Dems have the majority and can pass this bill without us. They won't though because they are the "do nothing congress" Plus it's a crap bill that they want the republicans to go down in flames with them.
 

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Squirrel Master
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So the bailout didn't pass, and the DJIA fell 778 points. Why? Because the white-haired, blue-suits who run this country have decided to cut and run! Who knew Enron was the mold by which the entire American economy would collapse? Get ready for Great Depression 2.0, kids. It may be just around the corner.

Good luck to whoever wins in November...
 

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All I know is I'll be in the market for a new bow soon and I'm going to start inventorying my out doors gear.. I think we'll all be reliving the past..
 
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