Do you agree or disagree with this bail-out idea.....
- Thread starter mihi
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peterh770
Well-known member
Pelosi said that "we have enough votes". She didn't. Had she had her own, it'd be a different story right now.
I love Suze Orman on CNN now. Smart lady.
I love Suze Orman on CNN now. Smart lady.
andrewinorlando
Well-known member
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- 1,392
And just look at the effect this has had on global markets, not just here. UK bank takeovers, etc....when it rains, it pours!!! Unfortunately, a horribly necessary evil.
It was the first time in ten years where my partner, a lifelong Republican, and I both applauded a vote in Congress. It took real balls to call Bush's bluff, but they managed to do it.
Hopefully negotiations on this welfare For Wall Street, this attempt to make Bush King of America will break down entirely until after his ass hits the sidewalk in January.
Hopefully negotiations on this welfare For Wall Street, this attempt to make Bush King of America will break down entirely until after his ass hits the sidewalk in January.
toggleswitch2
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I don't understand why the Republicans don't appear to want this bailout (or whatever it is to be properly called)to go through.
Do they want a different version or none at all?
IS NOT having action taken an option?
(PLEASE KEEP IT CIVIL OR DON'T BOTHER ON MY ACCOUNT!)
Do they want a different version or none at all?
IS NOT having action taken an option?
(PLEASE KEEP IT CIVIL OR DON'T BOTHER ON MY ACCOUNT!)
peterh770
Well-known member
Mostly because the Republicans are getting hammered by their constituents that DON'T want the bail out. Elections and all that...
toggleswitch2
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Ok, sorry but I am very apolitical and don't see why it would NOT be wanted by the constuents. Please clue me in.
I get that this is a huge burden to taxpayers.
I get that the G.O.P. is not one for regulation or interfering in business markets.
What bit of logic am I missing here? Why would we not want to stabilize the domestic markets and faith in our paper securies?
This part I DO understand. Did no one see this coming as it eased its way into being? Did it take a crisis and a panic to set our law-makers and "leaders" into action?
I was TRULY not impressed that during the presidential debates one of the candidates just about promised cuts in everything EXCEPT defense. War-mongering doesn't work for me.
If we must spend on defense to bolster the economy, then perhaps every soldier should be trained to put photovoltiac solar panels on roofs. Have Uncle Sam give everyone in the country one.
This part I DO get, every time oil prices get sky-high our economy shuts down to a greater degree.
RANT OVER.
I get that this is a huge burden to taxpayers.
I get that the G.O.P. is not one for regulation or interfering in business markets.
What bit of logic am I missing here? Why would we not want to stabilize the domestic markets and faith in our paper securies?
This part I DO understand. Did no one see this coming as it eased its way into being? Did it take a crisis and a panic to set our law-makers and "leaders" into action?
I was TRULY not impressed that during the presidential debates one of the candidates just about promised cuts in everything EXCEPT defense. War-mongering doesn't work for me.
If we must spend on defense to bolster the economy, then perhaps every soldier should be trained to put photovoltiac solar panels on roofs. Have Uncle Sam give everyone in the country one.
This part I DO get, every time oil prices get sky-high our economy shuts down to a greater degree.
RANT OVER.
This is going around the net, I would be for this LOL...
I'm against the $85,000,000,000.00 {BILLION}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 billion that equals $425,000.00.
My plan is to give $425,000 to every citizen 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 ("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.
Do the math with the 700 billion they now want and you'll really get sick to your stomach.
I'm against the $85,000,000,000.00 {BILLION}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 billion that equals $425,000.00.
My plan is to give $425,000 to every citizen 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 ("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.
Do the math with the 700 billion they now want and you'll really get sick to your stomach.
re563
Well-known member
Makes perfect sense to me Robert!!!!!!!
All of these "bad mortgages" would be paid off. Hence the log jam of these mortgages that are the root of the problem, gone. Credit begins to flow again.
It's so simple and perfect, who can argue with that!!
All of these "bad mortgages" would be paid off. Hence the log jam of these mortgages that are the root of the problem, gone. Credit begins to flow again.
It's so simple and perfect, who can argue with that!!
Mortgage? Paid off! Health care? Enough for life! $28,000 credit debt? Paid! (I know, I was an idiot about money until about 2 years ago. And I've paid off over $7,000 in debt in those two years, so I've actually come a long way.)
Sounds like a great plan to me!
Sounds like a great plan to me!
pturo
New member
Haste makes Waste!
Look how fast Congress got hoodwinked into the Iraq war by that snake in the Oval Office.
Congress is doing their job by examining things and voting down unacceptable policy until it better fits us, not the companies who have failed.
You've got the big picture, and the idea is right, but the devil is in the details of this administration, and things need to be checked, re-done, or re-examined. What do Bush and Cheney give a shit, the're lame ducks, 'so why not put some golden parachutes into the bill for their buddies.'
Let Congress(the House in this case) do thier job. It(Democracy) isn't perfect, but better than a dictatorship, which is what we have them to guard against in the first place.
NOT SO FAST, we're tired of getting DICKED by BUSH.
Look how fast Congress got hoodwinked into the Iraq war by that snake in the Oval Office.
Congress is doing their job by examining things and voting down unacceptable policy until it better fits us, not the companies who have failed.
You've got the big picture, and the idea is right, but the devil is in the details of this administration, and things need to be checked, re-done, or re-examined. What do Bush and Cheney give a shit, the're lame ducks, 'so why not put some golden parachutes into the bill for their buddies.'
Let Congress(the House in this case) do thier job. It(Democracy) isn't perfect, but better than a dictatorship, which is what we have them to guard against in the first place.
NOT SO FAST, we're tired of getting DICKED by BUSH.
runematic
Well-known member
Are you going to pay off your debt with $425.00
Travis, I thought the same thing. That math just do't add up.
Travis, I thought the same thing. That math just do't add up.
pturo
New member
It's 700 billion, not 85, thats why it doesn't work. 700 billion dollars divided by 300 million people is $2,333.33 per capita. I am not aware of a number of over 18 legal taxpayers, but if it were the 200 million, then it would cost the average taxpayer $3,500.
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