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Democrat Senators, and Congress folks are Dimwits!(mass email circulating)
Mass Email | 9/26/08

Posted on 09/26/2008 10:30:31 AM PDT by Revel

There is a mass email circulating around the internet. I just read that Senator Debbie Stabenow-D-Michigan was on C-span citing it to make a case. Instead of me telling you, Can anyone pick out the serious mathematical flaw in this "presentation"? (Email begins below)

"""""""""""""""""""""""""""""""""""""""""""""""""""

Subject: Sobering Perspective

From the "Non-financial" world:

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.

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 $297,500.00 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 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 US 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 Birk 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

PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!


TOPICS: Miscellaneous; News/Current Events
KEYWORDS:

1 posted on 09/26/2008 10:30:31 AM PDT by Revel
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To: Revel

$425.oo, not $425,000.oo


2 posted on 09/26/2008 10:33:04 AM PDT by Dr. Bogus Pachysandra ("Don't touch that thing")
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To: Revel

85 bil divided by 200 mil is just over $400 - not $400,000


3 posted on 09/26/2008 10:34:42 AM PDT by rdax
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To: Dr. Bogus Pachysandra

Your fast. How about running for congress. We could use you :)


4 posted on 09/26/2008 10:34:46 AM PDT by Revel
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To: Dr. Bogus Pachysandra

They computed it using “English” Billions, which are three zeros more than “American” Billions...


5 posted on 09/26/2008 10:35:18 AM PDT by DmBarch
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To: Revel; TXnMA
Can anyone pick out the serious mathematical flaw in this "presentation"?

Using these numbers, Americans would get $425. Are you saying an actual SENATOR is citing this junk?

There was a thread about this same email yesterday.
6 posted on 09/26/2008 10:35:20 AM PDT by mmichaels1970 (Stand up for CHUCK!)
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To: Revel

Stabenow and the anonymous emailer aren’t the brightest tools in the shed.


7 posted on 09/26/2008 10:35:39 AM PDT by Harry Wurzbach
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To: Dr. Bogus Pachysandra

Eh, $425,000.00 or $425.00, what’s the difference?

It’s WELL within the margin of error for a Congressional budget expert, isn’t it?

;^)


8 posted on 09/26/2008 10:35:56 AM PDT by WayneS (Vote Obama bin Biden 2008 - "Because the world doesn't suck enough yet".)
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To: DmBarch
If the email says "I'm against the $85,000,000,000.00 bailout of AIG" then they're using the English number of zero's aren't they?
9 posted on 09/26/2008 10:37:59 AM PDT by mmichaels1970 (Stand up for CHUCK!)
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To: Revel

Whoever wrote this has a glaring error in their thinking, it is not American Gerneral Insurance company that is in trouble it is American International Group big difference.


10 posted on 09/26/2008 10:38:13 AM PDT by chris_bdba
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To: Revel
It has been that way for a long, long time.

Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself. - Mark Twain

Is this little gem of congressional idiocy on Youtube yet?
11 posted on 09/26/2008 10:39:45 AM PDT by KarlInOhio (The break-in of Gov. Palin's email account is the equivalent of the Watergate break-in.)
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To: Harry Wurzbach

From what I’ve seen of Ms. Stabenow, I’d guess that there exist numerous species of ferns with higher IQ’s.


12 posted on 09/26/2008 10:39:48 AM PDT by andy58-in-nh (Somewhere in Illinois, a community is missing its organizer.)
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To: Harry Wurzbach

she may be a lib socialist feminazi, and a complete idiot to boot, but when i send her an e mail, unlike the republicans, i get an answer that is not a form letter ( but then maybe most of her constituents cannot spell )


13 posted on 09/26/2008 10:40:36 AM PDT by joe fonebone (The Second Amendment is the Constitutions reset button)
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To: rdax

What about do this in reverse?

Find 2 million homeowners with mortgages below 75% LTV and offer tax incentivesd/PMI waiver/something else? to encourage them to tap into their equity to invest $4000 into the “bailout”. Each would be a “shareholder” and would then benefit in any profit that is realized.

Yes, they could lose their $4000 but in the end, doing nothing will likely cause their property to be devalued more than that.

Am I thinking right? $4,000 x 2 million = $85 billion


14 posted on 09/26/2008 10:42:39 AM PDT by 1curiousmind (Call me if you need me, just not at 3am.)
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To: mmichaels1970

Yep. Debbie Stabenow(sp?)(D) from Michigan was on CSPAN this morning presenting this.


15 posted on 09/26/2008 10:42:39 AM PDT by EEDUDE
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To: Revel
A Creative Guy & Citizen of the Republic

Obviously a genetic Democrat (and did not stay at a Holiday Inn Express last night).

16 posted on 09/26/2008 10:43:38 AM PDT by OCC
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To: Revel

What’s more frustrating than receiving this spam all the time, is the fact that so far, no one who is passing it along can add or fact check it worth a flip.


17 posted on 09/26/2008 10:44:06 AM PDT by mnehring
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To: 1curiousmind

wait a minute..what am I thinking? its not $85 billion is it? I thought it was $700 billion...I need to go refresh my memory.


18 posted on 09/26/2008 10:44:37 AM PDT by 1curiousmind (Call me if you need me, just not at 3am.)
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To: Dr. Bogus Pachysandra

I figure the $700 billion bailout is about $3,500 per taxpayer. I can’t believe the Dems put pork into the bill. Some of the pork would go to fund groups like ACORN. Simply amazing!


19 posted on 09/26/2008 10:44:51 AM PDT by MtnClimber (http://www.jeffhead.com/obama/nobamanation-sticker.jpg)
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To: mmichaels1970

Well I don’t understand “English” math. I understand American math. The person who wrote this states that they are American.

“Our population is”

So if they used some trick in writing this then they knew full well how it would be read by Americans. And this Senator certainly took it that way. How does this English math work?


20 posted on 09/26/2008 10:44:54 AM PDT by Revel
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To: 1curiousmind

It is $700b (at least the “bail out” they’re currently talking about). Somebody was probably drunk or stoned when they fired off this email.


21 posted on 09/26/2008 10:46:32 AM PDT by mmichaels1970 (Stand up for CHUCK!)
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To: Revel

I’m agreeing with you. The numbers look very clear to me.


22 posted on 09/26/2008 10:48:46 AM PDT by mmichaels1970 (Stand up for CHUCK!)
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To: Harry Wurzbach; All

Another though I have is these people just passed legislation a little while back to give everyone $600 or less. And they know that it cost 150 billion to do it. So how can they not question this?


23 posted on 09/26/2008 10:49:14 AM PDT by Revel
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To: Harry Wurzbach
Stabenow and the anonymous emailer aren’t the brightest tools in the shed.

No, but they may just have the biggest shovels, 'cause they shoveled themselves a big pile of BULLshit!
24 posted on 09/26/2008 10:49:21 AM PDT by papasmurf (I ain't your Daddy's Conservative, OK?)
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To: Revel
It originated as a post on DU a few days ago, which explains the fuzzy math.
25 posted on 09/26/2008 10:50:40 AM PDT by kennedy (No relation to Teddy.)
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To: mmichaels1970

OK...I thought I was missing something for a moment there :)


26 posted on 09/26/2008 10:50:51 AM PDT by Revel
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To: Revel

$85,000,000,000 divided by 200,000,000 equals $425.
Slightly different than $425,000....
Cheers,
MK


27 posted on 09/26/2008 10:51:37 AM PDT by exinnj
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To: Harry Wurzbach
"Stabenow and the anonymous emailer aren’t the brightest tools in the shed."

LOL!! And the FReeper who posted that e-mail without checking its math has sworn to never post again before he's had his coffee! '-}

28 posted on 09/26/2008 10:52:45 AM PDT by TXnMA (To anger a conservative: lie about him. To anger a liberal: tell the truth...)
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To: Harry Wurzbach
"Stabenow and the anonymous emailer aren’t the brightest tools in the shed."

LOL!! And the FReeper who posted that e-mail without checking its math has sworn to never post again before he's had his coffee! '-}

29 posted on 09/26/2008 10:52:50 AM PDT by TXnMA (To anger a conservative: lie about him. To anger a liberal: tell the truth...)
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To: mmichaels1970

I read this am that some were speculating McCain might be working on a plan to do this with private investment. I was trying to work the numbers and see if that was even realistic. So, it looks like you’d need 2 million homeowners willing to add $40K to their mortgage. A little (okay, a LOT) less doable! But something tells me there’s something there to think about.


30 posted on 09/26/2008 10:53:27 AM PDT by 1curiousmind (Call me if you need me, just not at 3am.)
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To: kennedy

Oh thanks for letting me know that. I should have guessed...LOL


31 posted on 09/26/2008 10:53:57 AM PDT by Revel
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To: Revel
Multiple choice Deb, choose ONE!

200,000,000 * 425,000 = 8.5 × 1013

or

700,000,000,000 / 200,000,000 = 3,500

or

85,000,000,000 / 200,000,000 = 425


32 posted on 09/26/2008 10:59:35 AM PDT by papasmurf (I ain't your Daddy's Conservative, OK?)
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To: exinnj

Senator Shelby has been citing the list of over 150 economists with PHD’s who don’t think this bailout will work, for his material. (He held it up on TV yesterday, and there is a statement on his website that mentions it). The democrats are citing DU. That is so funny!

http://shelby.senate.gov/public/index.cfm?FuseAction=PressRoom.NewsReleases&ContentRecord_id=9bce9ddc-802a-23ad-4679-6f3ea810f5e9


33 posted on 09/26/2008 11:00:48 AM PDT by Revel
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To: Revel

NO ONE believe this would be looked at as a viable answer. This was sent as a joke!!!!!!!!!!!!!!!

However, it looks like it has been reviewed better than the Dummocrat proposal. WE KNOW VERY LITTLE about where OUR MONEY will be spent, AS USUAL.


34 posted on 09/26/2008 11:14:44 AM PDT by wizr ("Praise the Lord and pass the ammunition." - Chaplain Maguire, Pearl Harbor, 1941)
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To: Revel

Give me my $425,000 first.


35 posted on 09/26/2008 11:25:23 AM PDT by Post Toasties (It's not a smear if it's true.)
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To: Revel

Give me my $425,000 first.


36 posted on 09/26/2008 11:25:38 AM PDT by Post Toasties (It's not a smear if it's true.)
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To: mmichaels1970

This e-mail refers to the $85 billion Federal Reserve bailout of AIG - even tho’ it got it all wrong.

Not to be confused with the $200+ billion bailout of Fannie Mae and Freddie Mac.

Not to be confused with $700 billion bailout Bush, Paulson and the dimowit congresscritters are trying to sell us.

(best ballpark voice) Bailout programs, get your programs here, programs.


37 posted on 09/26/2008 11:48:39 AM PDT by javachip
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To: Revel

Private financing is brilliant! Sell bonds to finace this! Sell them at in $2000 lots and mak them mature in X years at the same time reinact the Glass-Steagall Act.


38 posted on 09/26/2008 4:49:47 PM PDT by chris_bdba
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