Posted on 09/24/2008 1:57:04 PM PDT by counterpunch
SOURCE: House Republicans met in am: Just 4 members support Paulson plan...
Put in that perspective it makes even more sense.
Well nobody asked me what was I going to do, but thought I would share anyway. I will be proactive and call and etc, but I have learned to Trust in God and He has everything under control, you can rest assured He is in charge.
That said, I say let AIG face the music. Take the his now so that these companies learn that it’s not the government’s responsibility to hold their hand if they screw up.We keep hearing about how AIG is "too big to fail," meaning the government cannot allow them to fail out of national interest.
Way, way, way off.
85 billion / 200 million = 85,000 million / 200 million.
The millions cancel so we have 85,000 / 200 = 850/2 = $425 per adult.
The rest of the arguments are just as silly.
After they support and vote for this change from freedom to socialism and then get tossed out of office in the next election because of it, that statement shout be written with icing on a pie for each and every one of them and tossed in their face as the door hits their behind on the way out. /vent off. (whew)
I’m against the $85 BILLION bailout of AIG also. 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 bona fide U.S. citizens, aged 18+.
Our population is about 301 million counting every man, woman and child. So, 200,000,000 might be a fair stab at adults 18 and up. Now, divide 200 million, 18+ adults into $85 billion - that equals $425,000.00 each! Yes, my plan is to give that $425,000 to every adult as a “We Deserve It” dividend.
Of course, it would NOT be tax free. So, let’s assume a tax rate of 30%. Everyone would pay $127,500.00 in taxes. That sends $25.5 billion right back to Uncle Sam! It also 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?
Somebody needs to check his math
Pay off my credit cards as far as it would go.
:)
Two words, tax cuts.
I’d be more inclined towards that than a 700 billion dollar do over.
I agree. Bottom line, though, is that I think without a well-crafted bailout, you WILL get Obama and a big Dem house/senate advantage, and I think you might never see a free market here again.
B.S., it means that politicians have 25.5 billion worth of pork ridden job security via financial pull.
Anyone that thinks they would see a share of anything as an individual if it were handled via government is a prime sales prospect for lake shore property in Death Valley.
I have been very impressed with Pence during the oil debates and now this! He would get my nod in 2012, perhaps with Sarah Palin, should McCain win and not run again.
I have never been a fan of McCain. I have respect for him and will vote for him now that he has Palin on the ticket...but he makes me nervous.
Obama is who really scares me though. He along with a democrat congress will destroy this country. Make no doubt about it. Look what the democrat policies have brought us....to the brink of financial collapse!
Problem is, there is a type of socialism you can escape from and a type you can’t escape from. You will get socialism, one way or another in this mess. The question is, will it be the kind in which you can seize back later and return to the free market (a la Thatcher) or the type that drifts into full blown communism/fascism (as in 1930s Germany).
My guess, too.
.
Thanks potlatch
Catching up on pings is easy when most are gone now!
Panic of 1907 — Republican President Theodore Roosevelt
Crash of 1929 & Great Depression — Republican President Herbert Hoover, who assumed office in 1929 after the Republican Coolidge and Harding administrations.
S&L Crisis 1986-1990 — Republican Presidents Ronald Reagan and George HW Bush.
Banking and Mortgage Crisis of 2008 — Republican President George W Bush. In office for 7 years. Inherited a balanced budget. Seems prepared to leave with the economy in shambles and record deficits.
What credibility does the Republican Party bring to managing the economy. All of these crises were caused by rampant speculation in the financial markets. Could these events be the result of laissez-faire economic policies?
Yeah, however you structure it it will be tough. There will be an intervention here, period. The question is, can it be tailored so that at some point in the future a conservative president/congress can pass meaningful laws that restores the market, or will be end up putting a full-blown socialist in power, whereupon we may never see a free market for some things in our lifetime?
:)
Pay federal state and local taxes and then buy a beer and newspaper with what's left.
We should put our money behind all good patriots. Again, John B. has been a great Congressman and a great minority leader. We need all the good leaders we can get.
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