Bail Out Plan Sucks!!

[East Brady]

While I can't take credit, this plan is much better, I received this from one of my legendary Chain Email buddy's. Check it out.

 

 

 

 

THE MASTER PLAN:

 

Something that makes good sense.

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 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 Lehmann 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

 

 

 

PS: Feel free to pass this along to your pals as it's either good

for a laugh

 

 

 

 

 

or a tear or a very sobering thought on how to best use $85 Billion!!

[molson_golden2002]

Illegial Immigrants will get a share of it

[Joe Miner]

I must need a new calculator.

 

85,000,000,000 / 200,000,000 = ?

[VABills]

This is a repeat and the answer is about 3500.

 

And we wonder why we got into this accounting mess. It's because of stupid people like the originator of the article and the poster here who didn't check it before he posted, yet again.

[Booster4324]

This is a repeat and the answer is about 3500.

 

And we wonder why we got into this accounting mess. It's because of stupid people like the originator of the article and the poster here who didn't check it before he posted, yet again.

 

 

I find it oddly reassuring that he can't do basic math.

 

http://www.snopes.com/politics/taxes/dividend.asp

[TPS]

I must need a new calculator.

 

85,000,000,000 / 200,000,000 = ?

I heard someone on cspan touting this plan too, and when he said $450,000, I cringed like I was watching a Sarah Palin interview...

[Max Fischer]

Let's not let a few zeros get in the way of good propaganda.

[VABills]

I heard someone on cspan touting this plan too, and when he said $450,000, I cringed like I was watching a Sarah Palin interview...

Really, I felt it was like watching Obama searching for his teleprompter during the debates. Completely lost.

[bills_fan_in_raleigh]

This is a repeat and the answer is about 3500.

I think you need a new calculator as well or just eliminate the equivalent number of zeros from each of the figuers to get a number ya can divide. Ya will find a much smaller number.

[VABills]

I think you need a new calculator as well or just eliminate the equivalent number of zeros from each of the figuers to get a number ya can divide. Ya will find a much smaller number.

If you're talking just AIG I agree. But if you're talking the whole 700 B , then no, I'm right.

[Ramius]

I got $425, NOT $425,000, but hey, why let math get in the way of a good rant.

[DC Tom]

If you're talking just AIG I agree. But if you're talking the whole 700 B , then no, I'm right.

 

Says the guy who says the moon landing is a century ago...

[VABills]

Says the guy who says the moon landing is a century ago...

It was in the previous century.

[DC Tom]

I got $425, NOT $425,000, but hey, why let math get in the way of a good rant.

 

Are we gradually regressing to $3.50 here?

[yall]

I got $425, NOT $425,000, but hey, why let math get in the way of a good rant.

 

I responded to my buddy that sent me this with the same calculation and said I'd glady take the $1000.00 instead of the $425.00.

[/dev/null]

Are we gradually regressing to $3.50 here?

[Chef Jim]

Not only is the math wrong, but nobody gave AIG $85b.

[East Brady]

I got $425, NOT $425,000, but hey, why let math get in the way of a good rant.

That was the fun of the email. I'm surprised anyone actually did the math.

[Chef Jim]

That was the fun of the email. I'm surprised anyone actually did the math.

 

Everyone did the math.......except the original poster.

[TPS]

Not only is the math wrong, but nobody gave AIG $85b.

You're right, they gave it to Goldman Sachs...

 

AIG bailout

 

As much as $37 billion from federal bailout loans to American International Group Inc. has gone to investment banks including Goldman Sachs Group Inc., the firm Treasury Secretary Henry Paulson used to run.

 

The payments show how bailouts engineered by Paulson and Federal Reserve Chairman Ben Bernanke are beginning to shift money to Wall Street firms involved in subprime mortgage trading. As Congress prepares to vote on a broader $700-billion bailout, the AIG credit line is one indication of how it might work.