Financial Crisis Bailout (22)

What do you think Congress should do to deal with the financial crisis?

On 09/29 at 12:16 PM, Linda Benson from Jackson, MS wrote:

I heard on supertalk this morning that Dave Ramsay has come up with a solution of insuring these loans instead of the bailout, and reducing rates, forgiving late charges, etc.  It’s on Dave Ramsay’s website and I think that is why they are pushing for a vote today before it becomes wide knowledge of this alternative.  Newt Grenwich has joined in from what I understand.


On 09/29 at 10:20 AM, Ed Lundy from Vicksburg wrote:

Interesting concept.

Bailout or Bankrupcy

http://www.cnn.com:80/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview

copy and paste in address line.

Hope this link works.


On 09/28 at 11:09 PM, Sharon Evans from Smith Co wrote:

Sounds like a good plan to me!!
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 $425,0 00 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 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 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 the geniuses at AIG or in Washington DC .

And remember, The Family 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.


On 09/28 at 10:35 PM, shirley ashley from Pelahatchie,ms. wrote:

This so called financial crises started at least five years ago. Bailouts, no not no but hell no.  our gov’t was not there to bail mu husand and I when we to go bankrupt.


On 09/28 at 10:21 PM, Mr. and Mrs. Harris from Jackson wrote:

I think that instead of placing the money in the hands of these major companies the government should give the tax payers the money to pay off their bad debts to these companies and then this will not only stimulate the economy but pull these companies out of the fiancial crisis that they are in. They knew that doing bad business with people who couldn’t pay these loans in the first place would end in nothing but a big financial mess. We ask for credit with banks but granting loans on a person that barely keeps their head above water now only helps their pockets get larger on the front end but the long term effects places us all responsible. Now I say give a million dollars to the 300 and something billion people in the world that are tax payers with stipulations imposed to pay these companies that gave bad loans would not only stimulate the economy but keep the economy afloat for years to come. Maybe even create some jobs.Now that is what I call an economic stimulus package and it would help save almost 400 billion dollars that would be placed in the hands of these corporate big wigs doing business badly.


On 09/28 at 07:09 PM, Passionique Taylor from Jackson,Ms. wrote:

I think if congress would stop spending money on unnessary things we wouldnt be in this situation.First of all they rather pay these atletic people all this money and we in a recession.They also building alot of things that we don’t for one. How can we make money if we keep spending it. I think like my grandma say the poor get pooer and the rich get richer. This just my opnion.


On 09/28 at 06:24 PM, Precious from Jackson, Ms wrote:

I feel that we are in a crisis and I feel that all the money this country has paid to fund a war that was non of our concern, and it’s not money to keep us. That uis crazy, I feel that BUsh needs to do whatever he has to do to clean up this mess he started before he gets out of office.. Everyone is suffering from this and there really isn’t a way out, nobody wants to come together, because everyone is tried of the FOOLISHNESS.


On 09/28 at 02:44 AM, cary from raymond wrote:

why should the tax payers bailout these companies,i think these ceo’s of these big banks & oil companies with there million dollar salaries should help this financial problem by themselves.


On 09/28 at 02:40 AM, Mr & Ms Stepney from MONTICELLO MS 39654 wrote:

Right is Right and Wrong is Wrong.If you are not going to Bail out the Small Firms. Why Bail out the large ones.They put themselves in this MESS.


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