[GMAN]

I am very surprised that congress and the senate didn't pass this bailout. I have no doubt is was more about them getting re-elected. My guess is that had they voted for the bailout they would not have a job come November. I agree with Twilight Flyer. I think we need to vote for anyone who is not in office now. Kick all of them out and start all over again. And make sure that whomever you vote for isn't a lawyer. That is part of the current problem. We have too many lawyers who are in office. I believe many of these investment bankers and mega banks are owned by foreign investors. I think that is part of the reason Bush and the democrats were pushing so hard for the bail out. We can't have foreign investors losing money, now can we?! That could be one of the best things that could have happened. We have too many foreign investors in our businesses. It makes it difficult to develop a good cohesive foreign policy. This could create a great opportunity for domestic investors to regain control of our major industries.

[Pack_Rat]

It is a very simple fix with the Birk Economic Recovery Plan


Hi Pals,

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 billion 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.
=0 A
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.

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

[Useless]

Guess I'm somewhat the odd man out again, but I believe that this was bad legislation.

Folks, we are talking about $750 BILLION here; if there is anything worse than doing nothing, it would be placing a monsterous debt load place upon the nation, with bad legislation as the product we would be buying.

These problems have been festering for years, and the blood flows on both sides of the political aisles. The blame also flow from Wall st. and Main St. This problem did not creep up in a week's time, and it can't be solved in a few days, by poorly contrived quick fixes. This is a situation where there are no "good" answers; there will only be unfortunate outcomes.

Now, our makets lost around $1.2 TRILLION of wealth today. Believe it or not, that is not a death blow to us. If anything, it may well fuel fires of anger from the American people, and help force us to get off our complacent, apathetic butts, and DEMAND legislation that will not be shoved down our throats, with $750 Billion of debt load, and be more attentive in demanding that the special interests groups be told, en mass, to take a hike. Let the situation fester even more which it will do very quickly, and it may also send people in droves to the polls in November.

Hopefully, this will also sufficiently enrage people to demand that the vaccuum cleaner economics, where the wealth of the nation has been sucked out of the pockets of the Americamn Middle class, the underclass, and the poor, and transferred to the corporate fat cats, who have treated their companies revenue, and the stock holder's and bond holder's investments, and using them as their own piggy banks, latent with salaries and compensation packages, and golden parachutes, whic have rewarded abyssmally poor performance.

The worst is yet to come, but as the problems worsen, hopefully the American people will not only demand resolutions, but also get involved in scrutinizing those proposed solutions. Hopefully, that may save us from paying $750 Billion for a legislative pig in a poke, which could actually make things worse in the long run, instead of better. This crisis may also force tha American people to break their addictions to debt; irresponsible debt loads are a big part of what got us into this mess in the first place.

Being a hippie at heart who believes in free enterprise and defying the rules of conventional wisdom, I'm accustomed to being a sore thimb to many of those who are in the upper income brackets. I enjoy it. I fervently believe that we need a social revolution that we have not seen since the 1960's. Simply demanding that Washington "do something", even if it means doing something wrong, is not the solution; social activism from people of ALL political persuassions, is.

I do see opportunities arising here; in the long run, this crisis may fuel the revolution that will be required to rebuild the American Middle Class, which has been the backbone of this country since WWII. The transfer of wealth from the many to the few has gone on too long, and has to be stopped. Without that, no legislative action at any price will provide any real solutions. It's time for the American people to take a stand, to begin educating themselves about the alternatives we will need to create, to start listening, talking, and stop worrying about WHO is right, but rather focus upon doing WHAT is right. It is my hope that this will also force us, as a nation, to wake up, and start thinking about who will be helped, and who will be harmed by our decisions.

[GMAN]

The one thing that is so amazing to me is that there were so many Americans who contacted there representatives about this bail out. We have been so apathetic for so many years it is refreshing to see such a large number of constituents getting involved in the political process. Now...if we could just get them to vote all these incumbents out of office in November. 8)

[NotSteve]

I just heard Mexico is putting up a fence to keep illegal U.S. aliens from crossing in to work.

[Useless]

Originally Posted by NotSteve

I just heard Mexico is putting up a fence to keep illegal U.S. aliens from crossing in to work.

:lol: :lol: :lol: :lol: :lol: :lol:

Well, I'm screwed!!

I was going to take my family down across the border, sneak us back into Texas, then get free health care, free education, free housing, free education.....

The best laid plans of mice and men.......

[Useless]

Well, I just saw President Bush on the boob toob.

............ He sort of reminded me of Gov. William J. LePettimane, in the movie "Blazing Saddles".

"Holy Underwear!!" "Gentlemen, we've got to protect our phony-baloney jobs!!!

Harrumph, harrumph, harrumph!!

Harrumph, harrumph, harrumph!!!

Harrummph, Harrummmph, Harrummmph!!

[Ridge Runner]

The reason....and ONLY reason I think this bail-out failed was the input from "John/Jane Q. Public". It is so easy to make your voice heard now with e-mail. Remember what happened with the "amnesty" (sp) bill??? We spoke loud on that one and it was DEAD in the water. Same thing on the bail-out. They do listen. The American public is getting involved and they KNOW they will have to answer for it come election day.

You better get involved folks! It is the ONLY way we can take our country back.

[Manicmechnic]

Originally Posted by Useless

:lol: :lol: :lol: :lol: :lol: :lol:

Well, I'm screwed!!

I was going to take my family down across the border, sneak us back into Texas, then get free health care, free education, free housing, free education.....

The best laid plans of mice and men.......

If you want a US truck job go to the Mexico ports of Tampico, Veracruz, Guaymas, Mazatlán, and Manzanillo
The fuel is cheap too.

[finger_lakes]

Originally Posted by Pack_Rat

It is a very simple fix with the Birk Economic Recovery Plan


Hi Pals,

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 billion 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.
=0 A
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.

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

85,000,000,000 / 200,000,000 = $425 not $425,000

But I still like the idea.