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.

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 plan only really costs $59.5
Billion because $25.5 Billion is returned instantly in
taxes to Uncle Sam.

This plus the fact that people would buy more junk, which would lead to an increased trade deficit.

I am sick and tired of these idiots stealing from me.

Get rid of your Senators and Congressmen that support fleecing billions from hard-working taxpayers. They are worse than the mafia with their skimming off the top of my paycheck before I even get it!

If you read half as much as you wrote, you would be twice as smart and fill this blog with a three quarters less crap.

Why not pay for a Evaluation of our corporate structure, and compare that with the COST of living. And LOCK IN a cost/payment structure that WORKS. Its been interesting that in the last 20-30 years LAWS/regulations on TAX have changed to the point, that READING it gives you a headache, and anyone that DID/HAS can write their OWN check at any corp. We have given to MUCH favoritism to CORPS, and the MONEY isnt being SPREAD AROUND. CORPS have learned the system and are playing it like a 200 piece Orchestra, with a LIGHT SHOW.
This whole GAME has had the Congress looking at Contracts and business in the Banking world. LIKE credit cards that CHANGE after you get them. We have all seen that Little piece of paper in the CC bill that shows CHANGES to the contract…THAT ISNT FAIR. NO ONE has the right to change a contract after its SIGNED, unless BOTH sides redo the contract. Esp. when its a 4 point Print on a small paper thats Equal to a 20 page document. Only thing smaller is the print on your MEDICINES and warnings.
So this all comes down, MOSTLY, on illegal contracts and STUPID business plans.

How many SMALL business’s SCREW UP, and go out of business WITHOUT the Gov. TRYING to help them? LOTS.
LEt them fail, and MAKE THEM LEARN.

Supposedly the FBI is investigating, but that’s going tend up a whitewash.

We’re all screwed.

So if the benefit is $1,400 instead of $2,000 the cost to the taxpayers (oh, us) would be $420 billion instead of $600 billion.

I don’t know what would happen if the $2,000 ($1,400 plus the $600) would work (note the $600 didn’t solve anything, at least permanently) didn’t work but it would keep the banks churning for another couple of months, which I think would be the objective here.

I’d like for a Senate subcommittee to ascertain fault and see raincoat headed perp-walks soon.

A free market is a free market. A bailout of a market is not a free market.

We need to get the hell out of the WTO and allowing countries with slave wage labor decimate our manufacturing sectors.

Start collecting tariffs on those types of imports.

We give UP TO $700 billion to the banks so they can get out of the mess they’re in.

We could give UP TO $700 billion to help those with mortgages that are in trouble because of falling housing prices.

We could UP TO give $2,300 to every person in the US.

We could buy all the bad mortgages from the lenders and let them keep the profitable ones.

We could buy the homes from those who can’t sell for the cost of their mortgage.

We could bail out the largest, important players such as AIG, Fannie May and Freddie Mac to retain liquidity.

We could let the FDIC prop up those banks going under. We could even finance the FDIC to help with this.

Or, we could just allow the market to correct itself.

*

The cause of this whole “problem” is two fold. First, there have been massive layoffs as well paying jobs moved overseas. No job = no money to pay the mortgage or credit card bills. Yes, maybe the home is/was a two income family, and yes, maybe another job has been found. That seldom brings in the same amount of money as the original job now in China.

Second, many people bought their homes in overpriced markets. When the bubble burst, the actual losses were amplified. Nervous lenders asked for more money as they watched the equity in those homes diminish. That forced many to try to sell in a saturated buyers market.

Yes, there are deadbeats that didn’t pay. Yes, there are people that knowingly lied to obtain a mortgage. And yes, there are agents that pushed mortgages on unsophisticated, unqualified people. These though are a fraction of the defaulting mortgages.

So far in 2008, over 600,000 Americans lost their job. How many lost their job in 2007? The “official” number of unemployed is approaching 10 million. Those who gave up looking are probably close to that. Those underemployed are at least the same. Overtime and average work week are declining.

In my opinion, it doesn’t matter where you throw the money. You could give it to those at the top or those at the bottom, but neither will fix what is causing the problem. The problem is JOBS, JOBS, and more JOBS. Decent paying JOBS. Not service industry, which includes IT, prognosticating, computer repair and serving hamburgs. Manufacturing JOBS; automotive, electronics, clothing, and every other durable good you can think of.

When America gets back to work, America will not have a problem.