better economic plan

[Mondo]

 

Just think of the $700 billion plan

 

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 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

 

 

 

[yellowss7]

Mondo for President!!!!!

 

To increase the use of nuclear power, I propose that every household within a 25 mile radius gets free electricity for life. That should eliminate the "not in my backyard issue"

 

Keep it going, lets take the US back from the knuckleheads. :_deadhorse: Tom

[GBOLT]

Check my math, but I think it would be $425.00 per person. Still could be a hell of a party.

 

The free power idea is brilliant, have not heard it before.

[yellowss7]

I made it up. Tom

 

I just figure that most of the protest crap is based on people who don't want something in their backyard.

 

Give them real value, and most will get on board, hell, you might have fights on where to put it.

 

Just think of the value that would be added to your home when trying to sell it. Yeah, the carpets are shot but, it comes with free electricity. And there's that lovely glow in the evening. Tom

[Mondo]

Yeah,

I heard the plan would cost about 10 grand per person... guess it shows how many of us really take more than 30 seconds to figure anything out nowadays.

[GBOLT]

I cant even believe we have to work with numbers this large. I remember seeing a trillion in second grade and could not comprehend the size any more then, than now. If I earned $100.00/hr, 24/7, it would take roughly 317 years to earn this amount. I do not have a clue how to resolve the problem, but I am inclined to let it burn.

[slngsht]

don't get me started on this bailout mess.

 

we're riding the express train to socialism.

[Boxologist]

don't get me started on this bailout mess.

 

we're riding the express train to socialism.

 

thnak you. Though I d diagree w/ R Paul how to get out of this. letting those who assumed teh risk reap all teh rewrds should stand very true now. I would rather see a full $700T spend on infrastructure than to bailout millionaires. i know its against our elected reprsentatives self interest to it correctly once, as opposed to spend wrongly the first time and then spend to correct both instances of ineptitude.

[slngsht]

 

thnak you. Though I d diagree w/ R Paul how to get out of this. letting those who assumed teh risk reap all teh rewrds should stand very true now. I would rather see a full $700T spend on infrastructure than to bailout millionaires. i know its against our elected reprsentatives self interest to it correctly once, as opposed to spend wrongly the first time and then spend to correct both instances of ineptitude.

 

Is Ron Paul saying the same thing I said?

[Boxologist]

Ron paul attributes the New Deal to starting this mess. i see the de jure and de facto dergulation of the New Deal last 25 years as the actual missing safety net.

[WestTexasS2K]

Got that email yesterday and got all excited with the possibilties. Then took out the calculator and soon discoverd to my disappointment the it was 425.00 not 425,000.00 GBolt also caught the error.

 

Man what a let down. I already had half of mine spent on the baddest LSIS on the planet.

[gjslutz]

I sure wish all you tax payers would make me whole from all of the bad investing I and my broker talked me into. I didn't know it was owed to me, but send the money.

 

Not that I’m radical or anything, but I’ll climb on board with the bail out after they execute all those responsible for this.

[MHKflyer52]

Got that email yesterday and got all excited with the possibilties. Then took out the calculator and soon discoverd to my disappointment the it was 425.00 not 425,000.00 GBolt also caught the error.

 

Man what a let down. I already had half of mine spent on the baddest LSIS on the planet.

 

WestTexasS2K,

 

Don't feel bad at least you caught the error....most people would have never caught it and maybe that is the real problem that needs to be addressed.

 

Poor educational system (public schools)

 

Lack of caring by the general public except for themselves (me generation)

 

Got to have it now and will pay for it later attitude of most people (time to pay up is just down the street in most cases)

 

Enough said I am going back into my hole now.... :ack: :ack: :cuss:

[Boxologist]

quoted from elsewhere. origin unknown.

 

"BACK TO THE NEW DEAL: RESTORE THE GLASS-STEAGAL FIREWALL

 

Scribblers like Friedman and von Hayek were paid by finance oligarchs to wage a relentless war against that heritage of the Franklin D. Roosevelt New Deal, the set of policies which allowed humanity to survive the Great Depression of the 1930s. The current crisis would not have been possible in the present form if the institutional safeguards enacted during the New Deal had been left in place, as they should have been. These safeguards represent permanent features of civilization, and they need to be restored. The best example is the repeal of the Glass-Steagall Act under the Clinton administration in 1999. The Glass-Steagall Act was a classic piece of New Deal legislation which established that being a commercial bank and being a stockbroker are mutually exclusive activities that could not be legally combined in the same company.

 

Commercial banking was one thing, and stock brokerage was something completely separate. Naturally, the greedy financiers and their spokesmen clamored for the repeal of Glass-Steagall, and they finally got their wish. Now less than 10 years later all of the Wall Street banks, seemingly without notable exceptions, are bankrupt and insolvent institutions that cannot not survive without a massive infusion of taxpayer money. We need to restore Glass- Steagal, which will mean among other things that Goldman Sachs and Morgan Stanley will not be eligible to become bank holding companies after all. If you don’t like your tax bill next year, you should thank Newt Gingrich and others who made it their business to destroy and roll back the achievements of the New Deal in the name of the despicable ideology of monetarism as preached by Friedman and von Hayek. Newt, by the way, is now calling for an immediate deflationary crash to find out what the real prices of housing might be. This is like doing experiments on your own flesh, and Newt should go to the funny farm.

 

BACK TO THE NEW DEAL: RESTORE THE UPTICK RULE

 

Another example is the uptick rule. This New Deal measure meant that it was illegal to sell a stock short if it were continuously in decline. The speculator had to wait until there was an uptick, meaning a trade in which the stock in question increased in price; only then could a short sale be carried out. Another piece of bitter irony inherent in the present crisis is that this uptick rule was abolished by the feckless and incompetent Chairman Cox of the Securities and Exchange Commission at the beginning of last summer, just in time for the explosion of the world credit crisis which has led to the current world economic depression. Incredibly enough, Chairman Cox of the SEC has been unable to pull himself together long enough to permanently re-impose the uptick rule.

 

Instead, he has drawn up a list of 799 financial institutions and banks whose stock will now be illegal to sell short for at least 10 days, although one suspects that this prohibition will be prolonged indefinitely. This crackpot expedient reveals the true nature of the current monetarist regime. Shorting and destroying General Motors, which actually produces something useful, is fine, but no shorting of JP Morgan Chase, which is a public menace that produces nothing but toxic paper. The long-term roots of the current crisis go back to August 15, 1971, when Nixon, Kissinger, Arthur Burns and George Shultz wantonly destroyed the Bretton Woods system of fixed currency parities, ushering in the new world of financial risk which is now collapsing around us.

 

NATIONALIZE THE FEDERAL RESERVE AS A BUREAU OF THE TREASURY

 

The present crisis ought to provide the death warrant for the failed Federal Reserve System. When the Fed was created back under Woodrow Wilson, its Rockefeller and Morgan sponsors promised that the Fed would protect us against all future financial panics. The Fed failed once in 1929-1933, and now it is failing again for a second time. The Fed is worthless as a firewall against depression. We must therefore