Diary

Bailout Alternative

Thanks for taking the time to listen.

Once you read through it, consider my comments and voice your opinion to your duly elected representatives.

It’s sure a LOT LESS MONEY than the current plans on the table. And, of the current plans nothing can be agreed upon.

I rare, if ever, send out mass emails to all on my mail list. However, I think this is really, really important and whether you agree with me or not, I think we should put our 2-cents in with our elected representative.

Thanks for taking the time to listen.

Optional Plan to SAVE THE NATION’s ECONOMY

The following was sent to me as a joke about a week ago.

Since then I have given it a great deal of thought, discussed it with many folks (both the haves and the havenots) and all registered voters.

Once you read through it, consider my comments and voice your opinion to your duly elected representatives.

It’s sure a LOT LESS MONEY than the current plans on the table. And, of the current plans nothing can be agreed upon.

Subject: A better idea!

I’m against the $85,000,000,000.00 bailout of AIG. (And especially against the $700 BILLION bailout.)

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 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 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.My comments:
1. There is no bailout money allotted for those irresponsible companies and executives that got us into this mess to begin with.

  1. Only about 20% of those receiving the funds will actually invest their proceeds which will certainly help the stock market and other investment opportunities including bonds necessary to keep our local governments running.
  2. The remaining 80% will most likely spend the majority of their proceeds which will more than:

a. Jump start the lagging economy

b. Provide necessary cash to pay off crushing debt

c. Give the House and Senate time to craft proper legislation to avoid a mess like this in the future. (DeFazio Plan or something similar)

d. Keep those who voted for this smart idea in office

Respectfully submitted,Ann in NH