Economic Crisis Government Bailout

To be sure the crisis in the financial market is far more serious than we are being told. Even one reporter said we are headed for a Great Depression. I suppose we can play the blame game but what’s the point right now to do so?

Our President said this was a dire situation so one thing for sure we can assume is that it is worse than dire. Now everyone is trying frantically to turn the potential economic collapse around.

The following is an email I received yesterday – author unknown – but very interesting and funny to read in that what seems like a very simple solution to this current crisis is not something our Congress would ever consider.

The Email – author Unknown

Bail Out Plan:
 

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.

O f 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 cu t ting 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 plan only really costs $59.5 Billion because $25.5 Billion is returned

instantly in taxes to Uncle Sam. 

Hope you enjoyed this little ditty.

Jm

You may also visit helium.com/users446975 to read other articles I have published on various topics.

Tags: Bail Out Proposal, Economic crisis, Government Bail Out, Great Depression, recession