The Bailout: What It Means for Consumers

bail out

There has been a email being sent around that makes sense so naturally it wont ever be done. Put a clause in that mandates paying off your mortage, lots of problems solved!

>>> Adam Gooch 9/26/2008 12:08 PM >>>

I say this is a GREAT recovery plan!!!!!

> This idea sounds just crazy enough to possibly work, so

> naturally it won't be given serious consideration. How

> great is our bureaucracy!!

> I'm against the $85,000,000,000.00 (that's billion if you

can't count the zeroes)

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 $425,000.00.

> 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 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 geniusesat

AIG > or in Washington DC

And remember, this plan only really costs

$59.5

> Billion because $25.5 Billion is returned

B Meers of MO @ Oct 16, 2008 01:04:01 AM

Bailout

since there is about 380,000,000 united states citizens,why not really help everyone? This is what i think. give everyone 1 million dollars.the first thing would be to take 30% off the top for taxes & social security that means everyone would pay. it's not only mortgages that has ruined everyone. its medical bills, credit cards,personal loans,car loans, student loans,all kinds of small loans that add such high interest rates that it is impossible to pay off. can you image the average american getting one million dollars? can you feel and see their confidence building knowing they can get the monkey off their back! being able to pay the car loans off the bank cards off the personal loans off,their mortgages off, medical bills off,being able to go buy a home,car etc. that would make consumer spending rise and a feeling of being able to pay to go to school so they can get ajob that would be available because the demand from so many americans having the good feeling again that they will be able to make their dreams come true by being out of debt. i personally would pay off my mortgage,my credit card bills, my medical bills,fix my cars & invest into the stock market to help in anyway we could to secure our economys

future. i know people in the same fix we are in and i know they would do the same. sure there will be those thst won't do what they should but there will always be those folks no matter what. but,i know that the way the american people have been affected by what has happened they would do what my husband and i would do.this way every american has a chance of getting the true financial help we all really need!! Our government has already spent billions on thev war! Aren't the American people worth less than 1/2 billion dollars to spend on? I know i'm right in what i'm saying and you do too, but that would be to easy right? just think how americans would feel if they knew things weren't going to be so bad for them anymore can you see the smiles on their faces? the wives,the children,everyone would be happy again,feel whole again,feel worthy again,and able to work and spend and be debt free. people would start businesses again sble to go to school and be come the taxpaying american ya'll want us to be again! there would be alot of welfare gone to! can you see the seniors that don't have anything being able to do for themselves having a feeling of self worth. i can see them being like kids and crying and the joy of not feeling strapped. the feeling of being able to do things together are with their famlies. Can you see how much the american people would finally feel you care forall of us?

Like i said not everyone would do right but i know most americans would because they want a feeling of relief from the pressure of being financially ruined.less than1/2 billion for all americans what a true change it would be! this 700 billion is not going to help everyone but what i'm talking about would!!!

Donna Watts of TN @ Oct 15, 2008 22:32:10 PM

Does this mean gas is going up again!? LOL

Seriously the money has to come from somewhere...it is pretty clear cut and dry that the money that we pay for gas is quick,easy,and painless for the one's who are implementing it!

In fact raising gas prices is just about a "guarantee" for any money that is needed quick!

The problem I have is this!

" The creative banks and financial institutions that thought up all of these creative loans and ways to give them to people who could not afford them should now be using that same creativity to get themselves out of this mess NOT THE NATIONAL FUNDING!!!!!!!

"Ok one more thing,.......if the congress HAS to go ahead with the bailout then how come they are not helping the "VICTIMS" to be quite frank here it makes me sick that the people that REALLY NEED AND DESERVE this help is the ones who are working their tails off and are losing the only thing they have and that is their homes!

what;s fair is fair and it is ONLY FAIR that the ones working and losing their homes should be helped too!

NOT THE BANKS AND FINANCIAL INSTITUTIONS! they made their beds now they should have to lie in them!

Sorry for those that disagree but why is it that the consumers ALWAYS come out the loser????hmmmmmm?

anonymous of @ Oct 15, 2008 20:29:56 PM

gas and high prices

When the gas prices went up so did everythng else mainly because people couldn't afford to haul products with gas prices.It caused the economy to sky rocket while the oil people got richer so nothing was done. Now the store prices are still up and the gas prices are going down a little but the store prices are not. Trucks can't bring in our food and the farmers that feed out country are going under because of the fuel prices. They don't get the prices raised on the food they sell so cost goes out not in. Same for the cattle people. The transporters shouldn't have to pay the high prices they are forced to pay and their fuel prices are not comming down. If this continues our farmers,and cattlemen will go under and our food that they raise we won't have then the fat big shots can have it sent from out of the country. The little farmers and cattlemen can't hang on this way and they are important believe it or not. They are the lowest paid. This is a shame and I wish city people would under stand it. People could pay their mortgages if the gas didn't take the money right out of their pockets. It cost so much to drive back and forth to work there wasn't much left. People lost their jobs because of the high prices only because people stopped buying high milage cars that closed a lot of car industries, therefore jobs were lost. How about Washington pay in on Social Security they make enough. If we don't pay in we don't get it. Our retirements are not the full amount of a pay check we can only draw so much. Retired people on a fixed income are really in a bad way because before the gas prices went up things were OK but when everything goes up and their retirement checks don't guess what? beyond our control we end up slowly going into debt deeper. At the time of the mortgages it was working. I think the people are not the blame for the bookkeeping in our government. I was told well we elect them. No we can only elect the ones that run whether they are fit to run or not we just vote for the ones we thing will do the best job. It is not our fault they can't handle the money. We need to keep all of the money made in the U.S. to stay here instead of putting it over seas to avoid taxes and this has been happening for years. THis year is the first year that I have heard more about it and that they need to stop. They need to go to jail for fraud just like any little person that is fraudulent. The government needs to follow the laws or go to jail we the people have too so why are they so special.

Elnora Marlin of MO @ Oct 15, 2008 18:25:25 PM

why does it matter?

Does it really matter where our tax money goes? If it means no comprimising on how I live, i dont care. Has anyone out there seen the federal balance sheet or a general journal lately. The feds are giving $100,000 grants to people to sit on their porch and count birds. Think about it, where would that money go if there was no need for an economic rescue? $1000 hammers? Who cares!!!!? if you want to fix this country stop voting for the incumbents. Rich politicians dont care about you, so why keep voting them back. It makes government stronger and politicians more corrupt.

mike of TN @ Oct 15, 2008 18:14:01 PM

Dont give the ceo of wall street the money give it to the american family. This way we can pay for our morg and buy more thing that would creat a demade and supply which will create more job and the economic would be better.. rite?

think about it bush........

of @ Oct 15, 2008 17:57:26 PM

home value

value is at 200k less ...how about revaluing my home and giving payments to match it

of NV @ Oct 15, 2008 17:35:22 PM

Fannie May and Freddie Mac

Nationalize them both. The government money was used to make

political contributions to those Senator's who made budget approval decisions...conflict of interest.

Now independent funds will attempt to be eligible for government assistance.

Marie Pfau of TX @ Oct 15, 2008 17:28:51 PM