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A stimulus alternative???

Posted on 07/30/2010 10:43:45 AM PDT by klb99

So...I am not even close to a financial genius but there is something I've been thinking about since the whole $800B+ stimulus debacle that I've not heard anyone else talk about. What would have happened if, instead of putting us in hock for $800B+, this administration had simply give every man, woman and child citizen $1M? That is only about $300M instead of $800B. Everyone would have probably bought a house (fixed the housing slump), bought a new car or 2 (fixed the auto industry), most would have paid off debt (fixed the credit business), most folks would have bought clothes, housewares, appliances etc etc (fixed the consumer confidence index).

Some would have wasted the money - but I bet most would have used it as I described.

Where am I wrong???


TOPICS: News/Current Events
KEYWORDS: opusvanitymath

1 posted on 07/30/2010 10:43:45 AM PDT by klb99
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To: klb99

I’d say the math.


2 posted on 07/30/2010 10:46:43 AM PDT by kallisti ("Think what you want. You're the one that has to live with your thoughts.")
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To: klb99

Check your math.

$800 Billion is only $2,600 per person.


3 posted on 07/30/2010 10:46:58 AM PDT by Haiku Guy (The Democrats will rue the day that Hopey Changey made the scene...)
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To: klb99

Because maybe there are more than 300 people in the USA?


4 posted on 07/30/2010 10:47:00 AM PDT by StolarStorm
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To: klb99

You’re wrong in basic math. There are 300 million people in the US, not 300 people. $1m * 300m = 300 trillion dollars.


5 posted on 07/30/2010 10:47:36 AM PDT by OldGuard1
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To: StolarStorm

Well, how about the government gives a Million bucks to me and 299 of my closest FReeper friends?


6 posted on 07/30/2010 10:47:55 AM PDT by Haiku Guy (The Democrats will rue the day that Hopey Changey made the scene...)
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To: klb99

“Where am I wrong???”

The goal is to destroy the United States and make it part of a New World Order—not rescue it as the nation our founders had envisioned.


7 posted on 07/30/2010 10:48:29 AM PDT by freeangel ( (free speech is only good until someone else doesn't like what you say))
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To: klb99

the math is off by a million.

300 million each getting a 1 million would cost 30 gradtrillion dollars.

Please don’t give Obama any ideas.


8 posted on 07/30/2010 10:48:32 AM PDT by joebellis (Only you can control your future)
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To: klb99

300,000,000 people
1,000,000 each
that’s
300,000,000,000,000

Which is a lot of money.


9 posted on 07/30/2010 10:48:32 AM PDT by ClearCase_guy
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To: klb99

the math is off by a million.

300 million each getting a 1 million would cost 30 gradtrillion dollars.

Please don’t give Obama any ideas.


10 posted on 07/30/2010 10:48:43 AM PDT by joebellis (Only you can control your future)
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To: klb99

Save yourself years of heart-ache and abuse and just change your screen-name now...


11 posted on 07/30/2010 10:49:00 AM PDT by Haiku Guy (The Democrats will rue the day that Hopey Changey made the scene...)
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To: StolarStorm

But you do hit on a valid point. Rather than spend 800B why not just lower taxes by that amount?


12 posted on 07/30/2010 10:49:38 AM PDT by StolarStorm
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To: klb99

It would cost $300M to give everyone $1 ... not $1M.

SnakeDoc


13 posted on 07/30/2010 10:49:41 AM PDT by SnakeDoctor ("Shut it down" ... 00:00:03 ... 00:00:02 ... 00:00:01 ... 00:00:00.)
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To: klb99

Instead, he simply stole my $38000 IRA that was tied up in GM bonds along with that of many others.


14 posted on 07/30/2010 10:49:59 AM PDT by bamagirl1944 (That's short for Alabama, not Obama)
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To: klb99
What would have happened if, instead of putting us in hock for $800B+, this administration had simply give every man, woman and child citizen $1M? That is only about $300M instead of $800B. ....

Where am I wrong???

First of all, your math is wrong. Since there are about 400 million people in the US, 1M for each person would be be $400,000,000,000,000 (or 400Trillion) rather than $300M.

15 posted on 07/30/2010 10:50:49 AM PDT by VRWCmember
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To: klb99
Your math is off exponentially.

"This is not a mundane detail, Michael!"

SnakeDoc

16 posted on 07/30/2010 10:52:02 AM PDT by SnakeDoctor ("Shut it down" ... 00:00:03 ... 00:00:02 ... 00:00:01 ... 00:00:00.)
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To: VRWCmember
First of all, your math is wrong. Since there are about 400 million people in the US, 1M for each person would be be $400,000,000,000,000 (or 400Trillion) rather than $300M.

Sounds like that guy is already working for the government.
17 posted on 07/30/2010 10:53:11 AM PDT by aruanan
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To: klb99

I think everyone is missing the point.
Why did the ususal suspects hand pick the winners of the taxpayer lottery.

Obviously it is the BIG UNIONS and Wall Street crooks.

Americans played the IRS lottery (taxes) and lost.


18 posted on 07/30/2010 10:53:39 AM PDT by Marty62 (marty60)
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To: klb99
Your math is bad.

Your 'logic' is far, far worse.

19 posted on 07/30/2010 10:56:22 AM PDT by dirtboy
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To: bamagirl1944

I hadn’t heard about that — did GM bonds become worthless when GM was bailed out? I just figured it was the GM bankruptcy that made them worthless.


20 posted on 07/30/2010 10:56:58 AM PDT by OldGuard1
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To: klb99

A viable alternative to stimulus: Keep the FEDs out of the private sector altogether. Keep taxes low for EVERYONE, and get out of the regulation business. The yoyos only mess things up, either by design or by stupidity.
Do not extend workman’s comp! Too many unemployed are getting more from the FEDs than they can earn in a job, so they stop looking for work! Mercilessly cut invalid and obsolescent FEDeral programs. Stop nation building and funding other countries!
SECURE THE BORDERS! ENFORCE CURRENT IMMIGRATION LAW! NO BENEFITS FOR ILLEGALS! NO AMNESTY FOR ILLEGALS! oh yes, and DEFUND ACORN!

And that is about it. ;)


21 posted on 07/30/2010 11:01:35 AM PDT by Paperdoll (REGISTER TO VOTE THEN DO IT RIGHT!)
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To: OldGuard1

GM never went bankrupt.


22 posted on 07/30/2010 11:02:05 AM PDT by Haiku Guy (The Democrats will rue the day that Hopey Changey made the scene...)
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To: ClearCase_guy

Yeah, but think of what a COOL COUNTRY it would be if everyone was a millionaire! France and Germany would be SO jealous! And China would probably never speak to us again.

/sarc


23 posted on 07/30/2010 11:03:48 AM PDT by bigbob
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To: Haiku Guy
Save yourself years of heart-ache and abuse and just change your screen-name now...

Hah! ... Yeah, its embarrassing when you mess up the basic math. It happens.
I think he just conflated the millions (300M persons x 1M$/person = 300M$.... ooops... dropped a factor of a million).

24 posted on 07/30/2010 11:12:22 AM PDT by El Cid (Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house...)
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To: klb99

Are YOU Barry Half-White’s Accountant?...


25 posted on 07/30/2010 11:13:06 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: bigbob

It would be cool if everyone was a millionairre. Only Robert Mugabe has had the courage and vision to try this so far

/sarc


26 posted on 07/30/2010 11:29:29 AM PDT by Androcles (All your typos are belong to us)
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To: Haiku Guy

Yes GM did declare bankruptcy - Chapter 11 - case #09-50026 inthe souther district. The GM that is in business today is a new company that bought the assets, but not the bondholder liabilities with our money.


27 posted on 07/30/2010 11:30:18 AM PDT by PaForBush
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To: klb99
Why a stimulus of any kind?
28 posted on 07/30/2010 11:36:12 AM PDT by csmusaret (A government that can dictate how much water flows into a toilet is a powerful government indeed.)
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To: klb99

You should have asked yourself before you posted: If everyone was given a million dollars, who would do the work?

Either that, or cars would cost $1 million each, and houses $50 million each.

Give it about 20 years, and we’ll all be millionaires. But a million won’t buy you much.


29 posted on 07/30/2010 11:41:52 AM PDT by bigred44
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To: Haiku Guy

LOL


30 posted on 07/30/2010 11:58:51 AM PDT by windcliff
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To: OldGuard1

The GM bonds were worth about 60 cents on the dollar before the Obama GM bailout. Afterwards, they were paid 10 cents on the dollar, as GM lost another 25 billion or so in the next 3 months, and the US claimed that it and the UAW had priority over GM bondholders.

Bankruptcy law would have put the UAW and the US behind the bondholders, as UAW was a general creditor (as well as the entity that bankrupted GM, along with gutless management) and the US could not legally get in front of senior creditors (except for taxes, which were not an issue, since GM had no taxable income).

Short version: GM bondholders were robbed. Under law, they should have received 100 percent of the company, UAW and Obama zero. Last I checked, theft under color of law is still legally theft.


31 posted on 07/30/2010 12:03:28 PM PDT by bIlluminati (Don't just hope for change, work for change in 2010.)
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To: Haiku Guy; Mazey

I love your sense of humor~


32 posted on 07/30/2010 12:19:22 PM PDT by jacquej
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To: bigred44
If everyone was given a million dollars, who would do the work?

There's an old Scrooge McDuck cartoon about that. He lost all his money, and the townspeople picked it up. The nephews thought he was crazy having them work when he had no money. But all those people with found money refused to work, until Scrooge McDuck earned all the money back.

Whoever said that in a recession, money returns to its rightful owners, never had to deal with this CONgress.

"Thieves! Robbers! Politicians!" - S. McDuck

33 posted on 07/30/2010 12:55:57 PM PDT by bIlluminati (Don't just hope for change, work for change in 2010.)
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