The problem with the bailout and our country store

[Jean]

The problem I see with the bail out is just like what happened at our local country store. You see the country store has opperated for 50 years. The owner died about 6 months ago. His children took over the store. They went to work every day and sold the merchandise in the store. After work they went to the bar and had a great time spending all their new money. After a while they ran out of supplies for the store. The suppliers brought more supplies but needed to be paid before the store got the supplies. OH OH the store had no money! The kids had spent the money! Now they need a loan to buy supplies! Will they leave the payoff of the loan to their children? Will the government bail them out? That is exactly where I see Wall Street! The eliet took the money and now they need more money! You get my point.

[jmdrake]

Good point. Just say no to the bailout.

[aji]

I got this in e-mail. LOL What do you think?

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 has0A$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 Lehmann 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 B illion 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 &nb sp;
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!!

[Deborah K]

The problem is, there's no money to loan or to give to anyone. Where is the money going to come from for this? As far as I can tell, the Federal Reserve is going to "print" it up out of nowhere, and make us pay it back through taxation. They are just using the same exact tactics that got us into this mess in the first place. We're headed for disaster with or without this bail-out. The difference is that without it, we may survive with our sovereignty and individual liberties in tact. And with it, we won't because it puts us on the road to serfdom.

[aji]

The problem is, there's no money to loan or to give to anyone. Where is the money going to come from for this? As far as I can tell, the Federal Reserve is going to "print" it up out of nowhere, and make us pay it back through taxation. They are just using the same exact tactics that got us into this mess in the first place. We're headed for disaster with or without this bail-out. The difference is that without it, we may survive with our sovereignty and individual liberties in tact. And with it, we won't because it puts us on the road to serfdom.

I agree with you. The post was made more as a joke as it would never happen anyway.

Ron Paul is correct, the only way to fix this is allow it to collapse and completely rebuild our economic system from the ground up.

[Charles Wilson]

The problem I see with the bail out is just like what happened at our local country store. You see the country store has opperated for 50 years. The owner died about 6 months ago. His children took over the store. They went to work every day and sold the merchandise in the store. After work they went to the bar and had a great time spending all their new money. After a while they ran out of supplies for the store. The suppliers brought more supplies but needed to be paid before the store got the supplies. OH OH the store had no money! The kids had spent the money! Now they need a loan to buy supplies! Will they leave the payoff of the loan to their children? Will the government bail them out? That is exactly where I see Wall Street! The eliet took the money and now they need more money! You get my point.

I am not one to jump to conclusions without weighing some of the facts, however the more I see this so-called bailout, the more it stinks. I am beginning to wonder if this whole Wall Street meltdown was caused by irresponsible, greedy individuals, or if it was planned by international bankers in cahoots with our government to move this country into the New World Order.

Where is the outrage from the countries holding worthless fiat dollars? Recent events in this country seem to be tailor made to cope with such an event to firmly plant this country in the New World Order. The new bankrupsy laws, FISA, Homeland Security, etc., were put in place for a reason that goes beyond my understanding. The American people are not terrorists.

[VoteForRonPaul]

I am not one to jump to conclusions without weighing some of the facts, however the more I see this so-called bailout, the more it stinks. I am beginning to wonder if this whole Wall Street meltdown was caused by irresponsible, greedy individuals, or if it was planned by international bankers in cahoots with our government to move this country into the New World Order.

I think it was planned by Osama Bin Laden and his fellow Arabs in caves somewhere between Pakistan and Afghanistan.

[Pete]

I got this in e-mail. LOL What do you think?

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.

$85,000,000,000 divided by 200,000,000 equals $425.

[erika]

I think it was planned by Osama Bin Laden and his fellow Arabs in caves somewhere between Pakistan and Afghanistan.

I hope that was a joke.

[Andrew Ryan]

I hope that was a joke.

I hope this is a joke.

[NinjaPirate]

I got this in e-mail. LOL What do you think?

The originator of that e-mail fails at math.

[erika]

I hope this is a joke.

You ARE a joke.

[kojirodensetsu]

If I remember, Osama himself stated that his goal was to destroy America by economics. The hijacks were just to get the ball rolling. Since then we've spent a crap load on wars and national defense. And now we have economic troubles.