View Poll Results: Should the taxpayers bailout the banks?
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No, businesses need to be able to fail even if it is painful
Yes, the taxpayers should step up to prevent recession.
I have no clue and am not going to pretend like I do.
Thread: Bailout? Yes or No?
#1 Bailout? Yes or No?09-26-2008, 06:32 PM
Capitalists should vote no to the bailout. Companies need to fail.
Others argue we should inject some socialism to save the economy.**** Obama and **** you too.
09-26-2008, 06:35 PM
Not only no, but fuck no.At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
09-26-2008, 06:43 PM
It might be that we are just looking at two alternatives, one only slightly worse than the other.
I am not at all sure that Paulson has a clue about this, any more than I do.
EyelidsGuest09-26-2008, 08:22 PM
Fuck it, let em fail. I have a feeling it's going to go to shit anyways and I want to tell my kids I lived through Black Monday 2008.
09-26-2008, 11:02 PMBrilliant Alternative to Wall Street Bailout
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 be a fair stab at
adults 18 and up..
So divide 200 million adults 18+ into $85 billion that
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 in taxes. That
sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500 in their
pocket. A husband and wife has $595,000.
What would you do with $297,500 to $595,000 in your
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 parents' medical insurance - health care
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 ( "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
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
We Deserve It Dividend more than I do 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.
Kindest personal regards, A Creative Guy & Citizen.
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
In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.
Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
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