Alternate bail out plan....

[roushstage2]

Re: Alternate bail out plan....

I had someone at work bring that up that we would all get $425,000 and it would "save everything and end the whole economic problem (summarized version)."

I pulled out a calculator and showed him the math. "Oh, well........I don't know then."

A problem with that is if we gave the money to people instead of the banks, etc., and the banks fail, how in the world are you going to invest it into the banks or get loans?????? You have to give it to them either way. Besides, who is going to guarantee that the money will be used for the above purposes and not luxury items?

[VonLego]

Re: Alternate bail out plan....

Where can I find more to read up on this whole event from crisis to resolution? I spend all day in my car/class/work so I'm a tad behind on the news.

Forgive my ignorance, but grace me with knowledge!

[TXShine]

Re: Alternate bail out plan....

Oops.... never did the math.
It just sounded so good I didn't even think about it.....


I still like his plan better than theirs, although their plan is pretty simple, just hand the bill to us tax payers.

[sneek]

Re: Alternate bail out plan....

haha...$425 doesn't exactly sound like a ton of money...I guess the original writer didn't know how many 0's were in a billion. If AIG fell of the face of the Earth, I think it could cause HUGE problems world wide as they are so heavily diversified internationally.

[Sal329]

Re: Alternate bail out plan....

It sounds great but as stated 200 million people will only get $425

[J. A. Michaels]

Re: Alternate bail out plan....

You would be elected in a heartbeat.

[Mister B]

Re: Alternate bail out plan....

I believe $85 billion divided by 200 million only equals $425.

[TXShine]

Alternate bail out plan.... 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 De serve 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. 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 th eir 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 Birk 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. Kindest personal regards, Birk T. J. Birkenmeier, A Creative Guy & Citizen of the Republic PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!