AIG Bailout. Problem solved.

[JCourneyaP]

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 $425,000 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 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.

[unfknblvbl]

Joe you beat me to it...I just got this in an email and was going to post it up. Hell I think it would work!

[BlueBob]

The inflation caused by something like this would destroy the economy. We're already going to have to deal with inflation from the bailouts, but give out that kind of money to the public and the dollar will become worthless.

[Sprung]

This is allready flying around on e-mails. Good thing this person is not running our country. If you do the math-85 Billion divided by 200 Million, that only comes to $425 per person not $425,000. Try and pay off your mortgage with that! Back to the drawing board!

[frisco-rigid]

I am in favor of the bail-out..

There are companies, big and small, that fail for whatever reasons but when a group of companies at the very top of the ladder are on the verge of failure, for whatever reasons, they must be bailed out.. Money must be put back in circulation.. Or that job at MacDonalds may disappear too..
US, WE spending our own money is the root of a good economy..

Steel, I don't know if your request for a well paying job is rhetorical or for real but, even before companies took good jobs abroad, the path to a well paying job is to be highly trained and educated is your field and actually be valuable to an employer.. You are wrong (from the other thread)-- Socialism only slightly works for the lazy and dumb by taking from the rich..

A welfare mentality has been growing for 40 years now since Johnsons Great Society,, what has happened to our country..?? Liberals,, that's what..!!

[frisco-rigid]

With the whole world watching I am fairly confident that the abuses will stop after the bail-out so we hopefully will not have a repeat..
Your hyperbole of fat cats on the beach is typical and useless..

I'm not equating this with socialism or corporate welfare.. Here is about the best way I can wrap my head around this..
In a cities only hospital of 50 doctors there are 5 incompetent and corrupt Doctors.. They are screwing up bad so you fire them..
In a free market those doctors lose, nobody bails them out.. A few patients feel inconvienced by the loss but things eventually work out..

What if 30 of the doctors are incompetent and corrupt, screwing up bad, you fire them but now the only hospital in town may have to close because there are not enough doctors to care for patients.. Does the free market allow the only hospital in town to fail and close because of those bad Dr.s..??
Of course not,, when it affects everyone something must be done..

NO, I'm not kidding----"""For whatever reason""" ,, if they broke the law punish them but for now put out the fire then lay the blame, then prevent..

And yes I blame liberals..

In the past few years the repubs (mccain was in the forefront) warned that Fannie and Freddie were outa control and tried to pass some sorta bill that would slow down the abuses.. EVERY single Dem voted against it the 3 or so times it came up for a vote..

And Yes I blame the Liberals-- the biggest reason companies left and took the jobs is greed, yes, good old fashion greed.. They had to pay too many taxes and comply with too many Pinko-Commie enviromental regulations and union crap..
Sooo, they legally split and took the jobs with em, what would you have done.?

It is my understanding that more and cheaper credit is not the purpose here..
More Hyperbole from you..
Instead, it is to get kind of a normal credit environment going again..
And since property will always regain worth, the plan is to "buy" the forclosed loans and hopefully get a return on them..
My opinion is simply based on what the news relays to US..
Listen, my optimism could be ill placed,, we will find out soon..

[1haugster1340]

Originally Posted by BlueBob

The inflation caused by something like this would destroy the economy. We're already going to have to deal with inflation from the bailouts, but give out that kind of money to the public and the dollar will become worthless.

The dollar is already worthless! Our "money" is called fiat money. There is nothing backing it. Fiat money is backed by nothing except the good "faith" of its government. I don't know about you but most people do not have much faith in the government. Just look how they operate it.

[1haugster1340]

Haugster...Fiat Economy...no chit! Ask our leaders how much gold we are holding. You think they will ever release that info?[/QUOTE]

"The TOTAL amount of gold that has EVER been mined has been estimated at around 142,000 tons. Assuming a gold price of US$1,000 per ounce, or $32,500 per kilogram, the total value of all the gold ever mined would be around $4.5 trillion. This is less than the value of circulating money in the U.S. alone, where more than $7.6 trillion is in circulation or in deposit."

If our system is not fiat money please tell me what it is.

Klinton was friends with Red China as well as a few others in the last 30 odd years. The Bush's and the Klinton's are long time friends. There is no difference in the parties.

[frisco-rigid]

OK, I'll address one of your last points first.. You are certainly not a conservative so I'd say you're the liberal that accepted the debate..

But I wouldn't call it a debate, more like a comedy act filled with clever one-liners and sarcastic hyperbole sprinkled with disdain for the situation, that's the only thing we agree on.. It was a contest about who could come up with the most overwhelming scorn for our country..
And hey-- you win-- you're the last liberal standing..

I'll list some of your brilliant contributions---

---".....ya know, like a wet pant leg you get when some one is pissing on ya."
Humorous sarcasm

---"They can't run a two can milk route without screwing it up and somebody skimming all the cream. "
Again, humorous sarcasm

---"They play the game of economic enslavement. The chains are already around our ankles. "
This is a very important one cuz it's almost identical philosophy of Ernesto "Che" Guervara.. A proud and dead (good riddance) communist..
I've read Che,, and this is the reason I compared you to him a few weeks ago..

---"Fat Cats on the beach..." Baseless sarcasm..

---"oh by the way, don't worry about us checking again cause we got your campaign contribution".
More baseless sarcasm..

---"...and they are probably still loaded on pills like the prime example, roll model, Dr.HOUSE....They might even tell ya...I'm not a real Doctor but the Government lets me play one on TV."..
A total twisting of my attempt to make a comparison..

---"Prez Bush butthole buddies, the Red Chinese have already turned off the credit tap as of yesterday. That is EXACTLY why we are on our knees swallowing the baloney pony...This is like owing money to a loan shark. You think our Government would react this quickly if it were some "minor" issue like Social Security going down the spit tube? NO!"
No basis.. Gov is working quickly to get money back in circulation..
It is you that's not thinking for yourself.. I'd guess you're listening to the anti-American blogs..

---"They are stuck now and the mob wants their money. The Red Chinese want their money."
Just plain dumb.. Null and void of fact..

Your inclusion of Palins interview with Katie Couric was a good distraction because it has absolutely NOTHING to do with the current topic---the Bail-out---but it's typically liberal.. Use any and all ammo against any Conservative you can even if it has nothing to do with the conversation.. I bet Couric wouldn't be able to list Obamas accomplishments right off the top of her head either.. It was a Gotcha question and you know it..

In between the sarcasm was nothing except anger at GOV, (ok, one more point of agreement), and crying for higher wages.. Ya gotta earn higher wages not just demand it.. This is a horrible situation we're in but it's not worthless paper, aren't you listening.? Almost all this new horrible debt is backed by real estate.. Real estate will always regain it's value back.. AND, it was the Libs that kept pushing for more easier credit..
Screw the flakes that borrowed money they should never have been allowed to borrow and then lost the house.. I mean it, screw em cuz they are the main root of the prob..

The next time I ask for a Comedy act to drop a redundant trail of anti-American vitriol we'll put up balloons for your entrance..

[frisco-rigid]

Maybe half your brain is behind your back, I have to use all mine..

Many Repubs including perhaps my most favorite, Newt Gingrich, also calls this socialism.. It just shows either a mis-understanding of socialism or an attempt to demonize this emergency effort.. Again, the topic is the Bail-out..

It is not socialism, it is not the take-over of operation or ownership by force or popular demand of any private Co to be shared by all..
It is, as I understand it, kinda/sorta tatamount to a loan in which there hopefully will be oversight against corruption and incompetence..
Now, we can both agree that is sorta like the wolf guarding the hens but what is the alternative to THIS prob..
You've gone outa your way to complain about what has past and maybe never to be again but what would your solution be to this prob.?

I never claimed to have a solution, I can only listen to what we're given and decide what sounds best.. That's why I said I'm in favor of the bail-out..
Of course there are several bad things about it that MY Repubs are objecting to such as suspending forclosures and some others that got by me..
If this thing works properly it will pay for itself as Real Estate regains value..
I have no reason yet to believe otherwise except for the fact that we both agree on, the GOV is horribly in-efficient..

I have no blind faith, I am only and totally against all left-wingers, democrates, pinkos and commies.. Any belief in the democrat platform of a weak defense, higher taxes, more GOV, more regulations of any kind, etc etc etc exposes my enemy..
In total disagreement with you I do not think give and take, push and shove and middle of the road is a good thing because that's exactly what got us to this point..
Until we get a Real Actual Strong Conservative Prez with both houses of congress (Bush was not even close) we will continue to be dragged futher to the left and real socialism..