I was listening to the Banking Committee in the Senate ask questions of the Treasury Secretary and Fed Chief today. That Jim Cramer dude is on right now is saying Great Depression scenario if it doesn't pass. I have blood in my eye and I want my pound of flesh......
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I started ophph with nuthin, and I can safely say I have most of it left.... <img
Maybe I'm very nieve, but did'nt they get themselves into this mess? Where did all the money go, when they were making it hand over fist? Surely there must be some left over, so the "common man" does'nt have to foot all the $$$$$$$$. Warren Buffett does'nt have any left?
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Gentlemen, we all must realize that neither side has any monopoly on sons of bitches. C.D. Howe (in Washington to resolve a shipping dispute)
I am having a hard time wrapping my head around these numbers. I read about 1.5 trillion to bail out Wall Street?
Heard it on Leno that it is $7,000 per man, woman, and child in the USA. In thier good days if we had walked up there and asked for a loan, We'd get laughed off the property. Now we are going to have to bail them out.
I am having a hard time wrapping my head around these numbers. I read about 1.5 trillion to bail out Wall Street?
Heard it on Leno that it is $7,000 per man, woman, and child in the USA. In thier good days if we had walked up there and asked for a loan, We'd get laughed off the property. Now we are going to have to bail them out.
All the while that dude, O'Neill sank Merrill Lynch, but still got a severance package of $150 million. Those fuckers should be sodomized with a crooked tu by four...
Instead, Im in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.
To make the math simple, lets 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 lets 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 itll be there Safe 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 parents 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 were going to re-distribute wealth lets 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 were going to do an $85 billion bailout, lets 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.
Heres my rationale. We deserve it and AIG doesnt.
Sure its 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
PS: Feel free to pass this along to your pals as its either good for a laugh
or a tear or a very sobering thought on how to best use $85 Billion!!
