nowallstreetbailout.com — It is absolutely unconscionable to pass legislature to bail out private banks and that will cost American taxpayers $700 billion. That is $2,324.50 per American. Give the money to homeowners struggling to pay their mortgages, not to greedy banks.
Sep 24, 2008 View in Crawl 4
Closed AccountSep 25, 2008
Here is a submission that includes contact information for you representatives and talking points to organize your complaint:<a class="user" href="http://digg.com/business_finance/Stop_the_Bailout_Tell_your_Senator_Congressman">http://digg.com/business_finance/Stop_the_Bailout_ ...</a>
bronnsterSep 27, 2008
From an email:Posted by: AMERICAN VETERAN on Sep 26, 2008 6:45 AM This idea sounds just crazy enough to possibly work, so naturally it won't begiven serious consideration. How great is ourbureaucracy!!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 bona fide 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 agreat boost to new grads Put away money for college - it'll bethere Save in a bank - create money to loan toentrepreneurs. Buy a new car - create jobsInvest in the market - capital drives growth Pay for your parent's medicalinsurance - health care improves Enable Deadbeat Dads to come clean - or elseRemember 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 reallydo 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 BlockParty!How do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion We Deserve the Dividend more than do the geniuses at AIG or in Washington DCAnd 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 bettergetting that off my chest.Kindest personalregards,BirkT. J. Birkenmeier, A Creative Guy & Citizen of the RepublicPS: Feel free to pass this along to yourpals as it's either good for a laugh or a tear or a very sobering thoughton how to best use $85 Billion!!
craiglySep 30, 2008
I thought that email was "cute," but the math is all wrong. $85,000,000,000 divided by 200,000,000 is only $425.00 per person and not $425,000.00.
stoneycreekerOct 1, 2008
Someone somewhere dosen't do math well$85,000,000,000 divided by 200,000,000 people = $425 per personNot enough even to make one house payment....