Author Topic: Bail-out  (Read 4906 times)

tyzack

  • Hero Member
  • *****
  • Posts: 2153
    • http://
Bail-out
« on: September 29, 2008, 11:57:40 am »
I have been of the opinion, over the last week, that this was going to be a nessacary evil. I hoped, in that resignation, that the government would consider the common man abit in his solution.

It would apear as though it hadn\'t. Really the one proposed item that I really thought would be the most helpful to all parties (banks and borrowers) would be the ability to re-negoiate a loan to more favourable terms if it was one of the ones that the government took over.

Since that (I don\'t think) is in the bill, I guess I support it as a nessacry evil. I really hope it works.
Apartheid: A policy of segregation and political and economic discrimination.

krispy

  • I\'m a negative creep
  • Hero Member
  • *****
  • Posts: 835
Bail-out
« Reply #1 on: September 29, 2008, 12:22:22 pm »
come bail me out Gov!  I lost my financial backers, closed my store, and am now unemployed, broke, and worried...  All in two weeks, I went from the top of my game to wondering how to pay the mortgage, car payment, etc...

oldnewbie

  • it\'s recreational...
  • Hero Member
  • *****
  • Posts: 3006
    • http://
Bail-out
« Reply #2 on: September 29, 2008, 12:27:18 pm »
Quote from: krispy;204883
come bail me out Gov!  I lost my financial backers, closed my store, and am now unemployed, broke, and worried...  All in two weeks, I went from the top of my game to wondering how to pay the mortgage, car payment, etc...


but now stoops is in the breakfast so it\'s all good?

Mark

  • Ser PB Fan
  • Hero Member
  • *****
  • Posts: 3063
    • http://
Bail-out
« Reply #3 on: September 29, 2008, 12:29:50 pm »
BETTER ECONOMIC PLAN - THE BIRK PLAN
      
      I\'m against the $85,000,000,000.00 bailout of AIG.
        
      Instead, I\'m in favor of giving $85,000,000,000.00 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 age 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 each.
      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 $25,500,000,000.00 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket.
      
      A husband and wife would have $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 safe in a bank - creates 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 $1,000.00 ("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, D.C.
      And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
"Anyone who knows a god damn thing about this band and has been there as long as some of us have, know god damn well that this show was something special." Ren re: Toads 8/23/07

Spacey

  • w0okadactyl fo\' life
  • Hero Member
  • *****
  • Posts: 14812
Bail-out
« Reply #4 on: September 29, 2008, 12:32:49 pm »
Quote from: krispy;204883
come bail me out Gov!  I lost my financial backers, closed my store, and am now unemployed, broke, and worried...  All in two weeks, I went from the top of my game to wondering how to pay the mortgage, car payment, etc...


It is small business who really need the bail out.

Not a bad plan you have posted, Mark.
« Last Edit: September 29, 2008, 12:32:49 pm by Spacey »
Love many, trust few and don\'t be late.

Gfunk

  • Papa^
  • Hero Member
  • *****
  • Posts: 3733
    • http://www.myspace.com/weaksauce603
Bail-out
« Reply #5 on: September 29, 2008, 12:36:38 pm »
I\'m def onboard for the birk plan. papa gfunk needs a new pair of shoes/ car.
Facial Hair Would Be So Nice

derickw

  • Drunken Garbage Can
  • Hero Member
  • *****
  • Posts: 6658
    • http://
Bail-out
« Reply #6 on: September 29, 2008, 12:41:23 pm »
screw AIG why should we have to help out these guys for making shitty business decisions...... i don\'t freak\'n get it.
never trouble trouble till trouble troubles you

-. --- .-- / - .... .- - ... / -.. .. -.-. -.-

Spacey

  • w0okadactyl fo\' life
  • Hero Member
  • *****
  • Posts: 14812
Bail-out
« Reply #7 on: September 29, 2008, 12:43:28 pm »
Put plastic bags over your current shoes, they are now new.

Quote from: derickw;204901
screw AIG why should we have to help out these guys for making shitty business decisions...... i don\'t freak\'n get it.


America has taught me that if I fuck up in life, I will be bailed out.
« Last Edit: September 29, 2008, 12:43:28 pm by Spacey »
Love many, trust few and don\'t be late.

oldnewbie

  • it\'s recreational...
  • Hero Member
  • *****
  • Posts: 3006
    • http://
Bail-out
« Reply #8 on: September 29, 2008, 12:44:02 pm »
AIG "The Strength To Be There"

yeah....right

galenas

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4082
Bail-out
« Reply #9 on: September 29, 2008, 12:51:40 pm »
Quote from: oldnewbie;204885
Quote from: krispy;204883
come bail me out Gov!  I lost my financial backers, closed my store, and am now unemployed, broke, and worried...  All in two weeks, I went from the top of my game to wondering how to pay the mortgage, car payment, etc...


but now stoops is in the breakfast so it\'s all good?


:lol:

jking

  • thanks!!
  • Hero Member
  • *****
  • Posts: 3077
    • http://
Bail-out
« Reply #10 on: September 29, 2008, 01:09:05 pm »
if that birk plan wasn\'t overly simplistic, it\'d be a great idea. unfortunately that\'s not how economics works... if aig (and the other big lenders) isn\'t bailed out, then every foreign investor who has money invested in them loses, which causes a global financial crisis and the rest of the world\'s economies collapse. as they collapse, these other countries will demand repayment of the loans the US has with them (i\'m looking predominantly at you, china, but there\'s plenty of other foreign money propping up our deficit right now), which the US will not be able to afford, which will cause not just us, but the entire world to drop into a depression the likes of which has never been seen. and as much as i hate the idea of bailing out the very people who caused this crisis in the first place, i also hate the idea of living life as a calahari tribesman in an anarchist northern virginia.... i\'m simply not correctly prvisioned for that at this time. give me some time to stockpile guns and food and find a nice private island, then sure, i\'m all for it. until then, though, i\'d rather not collapse society as we know it....  

also, the math is off. 85b divided by 200m = $425. not $425,000...  how no one ever checks the math on these forwarded emails is beyond me....

Gfunk

  • Papa^
  • Hero Member
  • *****
  • Posts: 3733
    • http://www.myspace.com/weaksauce603
Bail-out
« Reply #11 on: September 29, 2008, 01:13:59 pm »
:doh:
Facial Hair Would Be So Nice

krispy

  • I\'m a negative creep
  • Hero Member
  • *****
  • Posts: 835
Bail-out
« Reply #12 on: September 29, 2008, 01:19:45 pm »
Quote from: oldnewbie;204885
Quote from: krispy;204883
come bail me out Gov!  I lost my financial backers, closed my store, and am now unemployed, broke, and worried...  All in two weeks, I went from the top of my game to wondering how to pay the mortgage, car payment, etc...


but now stoops is in the breakfast so it\'s all good?


Yes, all is good in the universe as long as I get to see Stoops at the helm of half a dozen keyboards...

Spacey

  • w0okadactyl fo\' life
  • Hero Member
  • *****
  • Posts: 14812
Bail-out
« Reply #13 on: September 29, 2008, 02:21:49 pm »
This country is fucked.

I for one have order me a company of the Rosetta Stone to learn Chinese.
Love many, trust few and don\'t be late.

Todd

  • Available to shoot porn
  • Hero Member
  • *****
  • Posts: 9291
    • http://TKAPhotos.com
Bail-out
« Reply #14 on: September 29, 2008, 02:49:10 pm »
Quote from: Spacey;204932
This country is fucked.

I for one have order me a company of the Rosetta Stone to learn Chinese.


Cancel your order. I have a free copy I\'ll burn for you.
Light travels faster than sound. That is why some people appear bright...until you hear them speak.