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Thread: People are pouring out into the streets...

  1. #9
    rattler's Avatar
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    i think its a piss poor idea.....dont get me wrong.......will also point out that various ppl....Bush....McCain....Ron Paul to name a few have been actively trying to reign in Fanny Mae and Freddy Mac for the last 6 years but the democrats in congress have blocked any measure for more over sight..........however i will also note that the savings and loan buy out actually made money for the tax payers......given it looks like the feds may be buying all this REAL PROPERTY and not pieces of paper and the fact even as much as housing has crashed its still worth considerably more than 30% of current.....there is no reason if this is handled right why it will cost the tax payers much of anything.....if handled wrong we will be in a depression soon enough........
    cervid serial killer
    Know guns, know peace, know safety. No guns, no peace, no safety
    I didn't get stimulated but he kept his promise on change, that's about all I got left!
    http://www.wolfpointherald.com/--http://www.safety-brite.net/

  2. #10
    Lover of Mountains nightsky's Avatar
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    This thing will just devalue the dollar further, making oil more expensive, and could even lead to hyperinflation. And a recession follows a period of high inflation. Either way, we will enter a deep recession at the least. Basically, they are just dumping money we don't have on top of the already enormous amounts of debt the country has. In the long term, I think this bailout will hurt us more than if there was no bailout.

  3. #11
    rattler's Avatar
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    actually i think this plan has more merit:

    Hi Everyone,

    I'm against the $85,000,000,000 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.

    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 in their pocket.

    A husband and wife has $595,000.

    What would you do with $297,500 to $595,000 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 ('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 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.

    Kindest personal regards,

    A Creative Guy & Citizen of the Republic
    cervid serial killer
    Know guns, know peace, know safety. No guns, no peace, no safety
    I didn't get stimulated but he kept his promise on change, that's about all I got left!
    http://www.wolfpointherald.com/--http://www.safety-brite.net/

  4. #12
    Doing it wrong until I do it right. xvart's Avatar
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    Sounds like a beefed up stimulus check. It has my vote!

    xvart.
    "The tragedy of life is not that every man loses; but that he almost wins."

    "Quis custodiet ipsos custodes?"

  5. #13
    swords's Avatar
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    actually i think this plan has more merit:...
    But it could never work, we'd be investing in people and ideas, not abstract market forces and speculation. How are we going to turn massive profits for a select few? If every man and woman over 18 was able to start up a business and begin to actually do for themselves imagine the tax nightmare for the poor IRS. No,no, it's much better this way, where we only have to worry about the the top 1% of the population and make sure they keep hold of as much of their wealth as possible. I don't have much, the gov may as well take what little I do have and make me a true "wage slave".

    The old expression "freedom isn't free" has acquired a new meaning this week, it's gonna cost ya at least $2500 to live under the USA patriot act and the various American Tsars. Since these figures include (man, woman) "and child" we will be footing the bill of all those little squirts as well even though I don't have any myself.

    I 'd say it's about time to send those kiddies back into the canneries and textile mills to earn their keep!

  6. #14
    Californian in DC DrWurm's Avatar
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    Having just reached 18, I think rattler's idea is wonderful ^^

  7. #15
    Don't eat me,... Mr. Flytrap thbjr's Avatar
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    Rattler, better recheck your math. 85,000,000,000 devided by 200,000,000 = 425, not 425,000.
    Nice thought though.
    Tom

  8. #16
    rattler's Avatar
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    "Those that give up freedom for security deserve neither" Ben Franklin........

    would much prefer the companies to fold with no help from the feds.....hell the Feds CAUSED this problem.......their is going to be a depression no matter what.....the bail out just holds it of a few more years and makes the bottom we are going to hit that much farther away and the pain from when we hit it that much worse.........
    cervid serial killer
    Know guns, know peace, know safety. No guns, no peace, no safety
    I didn't get stimulated but he kept his promise on change, that's about all I got left!
    http://www.wolfpointherald.com/--http://www.safety-brite.net/

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