Economic Bailout (Deadwood: short sale, credit, loan)

[yamahastar]

We like to think we are a smart group of people, but we always sit by and watch the clowns run over government. If states, definitely in Florida, must maintain a balanced budget then why cant the feds do the same thing. I know why dont we look for WMD's in Canada and every other country. Then we can surely stay broke.

[GI_Mark]

This kind of action, while sometimes necessary, can just get out of control at times. Here's an example:

In 2006, the government filed charges against the CEO of a big company that misled its shareholders and manipulated its earnings to boost his OWN bonuses. Want to guess what company that was TWO YEARS AGO ???

That's right, Fannie Mae. The same company the government just spent 800 BILLION to bail out. How does that affect the country ?? Now the federal debt is over 10.7 TRILLION dollars. Not a million, not even a billion, but FREAKING 10 TRILLION !!!

Couple that with the recent bailout of AIG to the tune of another 85 BILLION and things just aren't looking up for our economy.

Wonder why prices keep going up on everything ?? Well there you go. Now if you really want to irritate yourself off even more, go back and research how much money each of the CEOs for the companies the government just bailed out made last year. There wasn't one of them that wasn't bringing in MULTI-MILLION dollar salaries despite the company being bankrupt.

I'm not writing any of this in the attempt to irritate any of you. I'm doing it, because people should not only educate themselves on the issues, but what the politicians they vote into office are doing about it.

[Chris19]

I have mixed opinions on the government bailout. I think that something should be done to stem the panic and to restore confidence. But there needs to be responsibility and make sure that the bailout money gets used wisely. It is inexcusable for fatcat CEOs to get overpaid assaninely high salaries when their companies are going bankrupt.

The apathy of some members of society in the voting booth and addressing social issues in the communities and beyond is appaling. I vote, not only due to my duty, but as a duty to voice my opinion and speak my mind.

[Jammie]

One of the huge problems with the bailouts is the huge pay the CEOs get as they are ousted. Millions of dollars to leave after they've done a crummy job???? It just doesn't seem right that we as taxpayers have to come up with all of that eventually. I think THEY should be fined and all their property ceased and maybe the next time the big dogs would THINK a bit before they messed up.

I don't know about you guys, but I've never been rewarded when I've done a lousy job.

[sdgoldpanner]

I forget where I seen this but - - - - - - -

I'm against the $85,000,000,000.00 bailout of AIG, etc.

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.

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, and it will 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 the rationale. “We deserve it and AIG doesn't.”
Sure it's a crazy idea, but can it work.? Who knows!

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

A “We Deserve It Dividend” makes more sense than the geniuses at AIG or in Washington DC .

And remember, The plan only really costs $59.5 Billion because $25.5 Billion is returned
Instantly in taxes to Uncle Sam.

[uncleharley]

SD, I like your plan. I think I'll print it and send a copy to my Congressman.
uh

[Jammie]

Now there's a plan!!! Have you ever considered running for an office? You've got my vote.

They said last night that every man, woman and child will be in debt $2,300 if this bail-out goes through. I'm actually surprised it's not more. Does that sound right to everyone else?

The GOOD news is that they're still haggling about it. Maybe it won't go through????

[DeadwoodJ]

This plan actually works out to $425 per person. Whoever created this obviously didn't take enough math in school.

Good idea though, I'd love it if it was $425,000 before taxes, who wouldnt

[MJ1986]

Either way, those greedy CEOs are getting paid millions upon millions for their failing company.

[Chris19]

I agree. It does not make sense for executives to take excess compensation when their companies fail or underperform. If an average Joe employee fails or underperforms, he or she would either get demoted or fired. When these underperforming companies underperform or fail, the cut the people who help keep the company running (lower level employees) and the lazy butt underperforming execs still get bonuses. Just plain stupid. These executives need a reality check.