AIG, Goldman Sachs - Screw Them - Bail Out The American People! - UPDATED

Greetings,

I do not like "pass it on" emails but this one below is an especially good idea and I think it is an idea that should appeal to anyone regardless of political party. I would just add this - pass it on to your friends but ALSO - send it to your House Rep and Senator. You can find out how to contact them through this website:

http://www.visi.com/juan/congress/

Not that I am so naive as to think Congress would do this but I do think it is important for the people who allegedly represent us to know *HOW WE FEEL* about them tossing $70 BILLION - $3 TRILLION of our tax dollars at a 'problem' created by reckless financial 'wizards' who came up with things like the 'NINJA' home loan (No Income No Job) etc.

There should be 2 *unbargainable* parts of any bail out plan (and face it, we are going to get stuck with one):

1) Absolutely NO GOLDEN PARACHUTES whether funded by company monies or tax monies - these fat cats blew it and they have made plenty already - let them sell a yacht or a 2nd home if they are short on cash.

2) Any money borrowed to these companies should be paid back in full with interest to the government at the least, better yet, once it is collected in the future, send back the interest to the taxpayer as a 'dividend' for carrying the burden. Why? because we will see either a cut in government services or a rise in taxes and/or fees - or both to make up the hole in the treasury.

If the Government of Mexico can pay us back ahead of schedule when we bailed it out, Wall Street can certainly do better and we should settle for no less.

On a personal (vengeful) note, if the government comes up with a payment schedule at an interest rate of say . . . 9.5% and they (AIG, Goldman Sachs, et al) make a late payment, I say let the U.S. Treasury jack up the interest rate to 24.99% or 31% and see how they like it when the shoe is on the other foot.

Jim

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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 equals $425,000.

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 in their pocket.

A husband and wife has $595,000.

What would you do with $297,500 to $595,000 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 ("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 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 of the Republic.

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FURTHER COMMENTARY:

The person who wrote the middle part did not do his math and I did not double check it (it only equals out to $425 per person, somebody brought this to my attention) but I still like the basic idea!