Bailout - Political Fever

BoneDaddy · #1 (**permalink**) 09-25-2008, 01:27 AM

Got this via email...had to laugh

Quote:

Anyone else on board for this??

Pretty interesting!!!

Hi I'm against the $85,000,000,000.00 bailout of AIG.Instead, I'm in favor of giving
$85,000,000,000 to Americans as 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 "We Deserve It Dividend". Of course,
it would NOT be tax free. So let's assume a taxrate 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
redistribute wealth, let's really do it...instead of trickling outa puny $1,000.00 ('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,
Edward A. Jordan
Senior Vice - President
Wealth Management Group Financial Consultant
Wells Fargo Investments, LLC

Affrayer · #2 (**permalink**) 09-25-2008, 02:09 AM

85 billion? Imagine the numbers for 700 billion...

Thanks Bush!

Space_Coyote · #3 (**permalink**) 09-25-2008, 02:17 AM

I hadn't thought of it that way. I concur, send me my check.

ViolaLee · #4 (**permalink**) 09-25-2008, 02:49 AM

The reason they bailed out AIG is because it insures pretty much all the airlines in the world.

But I do agree with giving the money to the American people instead of the banks.

Finny · #5 (**permalink**) 09-25-2008, 02:57 AM

Quote:

Originally Posted by ViolaLee

The reason they bailed out AIG is because it insures pretty much all the airlines in the world.

But I do agree with giving the money to the American people instead of the banks.

They bailed out AIG because the Government wanted to own them. AIG was profitable on the airline side. They were not profitable on backing MBS.

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