A bailout plan that we can live with!!!

**Dustoff262** · 10-10-08, 02:23 AM

I got this in an Email, and thought... wow.. I like this idea!!!

There is no way this would ever work, be done, or come out the way the writer supposes...but it's a fun read. Of course it can't work if it were done this way as you know, there are just as many idiots who can't budget in the "real world" as there are in politics & lending.

Now here's a bail out plan that works!

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 "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.

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

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.

Ahhh...I feel so much better getting that off my chest.

You don't want to even hear what I think about the stupid mortgage companies
that loaned out billions of dollars to people who they knew had no way of paying
back the loans, with both sides of the equation interested in one thing...fast money.
But it didn't work, and now we're supposed to bail out those idiots too???

**OffDuty** · 10-10-08, 11:35 AM

Sign me up!

**lewisipso** · 10-10-08, 11:59 AM

We're from the government. We're here to help. I trust none of them. From whoever turns out to be the top dog on down.

**Coloradocop** · 10-10-08, 02:11 PM

Originally Posted by lewisipso

We're from the government. We're here to help. I trust none of them. From whoever turns out to be the top dog on down.

Well said.

In my not-so-humble opinion --as a former banker/loan officer turned cop-- the whole bailout idea is inherently flawed. The markets are currently sitting on a bubble of over-inflated value; when thing are overvalued a correction will inevitably occur eventually. We are seeing that correction now.

It sucks when we watch our investments tumble, but we can't easily buy our way out of the situation, nor should we. I can't honestly see the merits of shoveling money at companies who have made fiscally poor lending decisions for the past 5-7 years! I'd rather see taxpayer money solve other problems, even if we have to watch a couple of companies tumble... Eventually the problem lenders will be bought out by other more responsible companies, or someone else will move in to fill the gap.

The market has cycles, and this is simply one of them!