YodZiaN

Now here’s a bail out plan that works!
I’m against the $85,000,000,000 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 b e 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%.
Eve ry 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
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 a nd 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, this 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.
You don’t want to even hear what I think about the stupid mortgage companies that loaned out billions of dollars to people who they knew had no way of paying back the loans, with both sides of the equation interested in one thing…fast money.
But it didn’t work, and now we’re supposed to bail out those idiots too???
Kindest personal regards,
Fr. Dave Adams
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Note: How is this any crazier than the plan already before congress?

Stock research normally tells us that pick the right stocks and it really doesn?t matter what the market does. When you survey history however, this seemingly true statement turns out not to be the case. You can have all the stock research in the world, but if the market goes against you, it doesn?t matter.

The stock market is making new highs with the Dow Jones Industrial Average piercing the 12000 barrier for the first time since the Dow Jones was created. The question now becomes which way is the next 1000 or 2000 points, up or down. The market has always told us that it doesn?t like uncertainty. Far better is the devil you know, than the devil you don?t know.

The massive uncertainty facing the country is which way does Iraq go? Iraq is eating at the social fabric of this country. Traditionally, Presidents are held on a short leash when it comes to wars, and entanglements. Yes, as a country we have always fully supported the President initially, as we rally around the flag. As time moves on, Americans become impatient with their Presidents. This has been true in the past, and it is true today. Patriotism will only carry a President so far. Harry Truman was a very popular President at the end of World War II. A year into the Korean War, he saw his approval ratings fall to such lows that he couldn?t even think of running again for the Presidency in 1952.

Viet Nam destroyed Lyndon Johnson?s Presidency in spite of being elected up until then, by the largest popular vote landslide in history, almost 16 million more votes than his opponent. Jimmy Carter found himself entangled by the Iranian hostage situation, and lost his Presidency as a direct result. During the last 2 weeks of the 1980 election, I was told by Ronald Reagan?s campaign manager that if Carter secured the release of the hostages from Iran, Carter would win the election. The release never came, and Carter was driven out of office in a landslide.

We now see President Bush entangled by the Iraqi conflict. How does the war work itself out from this point forward? All Washington insiders if quizzed privately would tell you that the President is between a rock, and hard place. The wish that the Iraq people would embrace freedom, and democracy has turned out to be a Presidential vision that the Iraq people never shared, or embraced.

Democracy is every Iraqis? second choice. If you are a Kurd, your first choice is that the Kurds be in power, and you are willing to fight and wage terror for that goal. The same is true of the majority based Shia, and the minority based Sunnis. When Saddam Hussein was in power there was an old story, ?Did Saddam make Iraq, or did Iraq make Saddam.? It is inconceivable to believe, but nevertheless may be true that only a despotic, merciless dictator like Saddam Hussein could shape Iraq into a country. In Saddam?s case, he embraced and required terror to govern.

How does Iraq play out?

Enter the Iraq Study Group (ISG), a group headed by former Secretary of State James Baker, and former Democratic Congressman Lee Hamilton. The public purpose of the group doesn?t matter, the private purpose does. This President knows that his policies in Iraq have FAILED. He needs political cover to effectuate massive change. The Iraq Study Group will give him that cover. They will probably propose everything, and anything that is different from the current course we are on.

If the President is shrewd enough, he will embrace those portions that suit his purpose. That purpose is to change our current policies. The President also recognizes that the momentum this November is for the Democrats to take over the House, and perhaps come close to taking the Senate. As I write this, the Senate is in play, which means the Senate could also go either way. If either chamber of Congress changes party affiliation, Read more…