Sen. Jim Bunning: The Bailout Is Un-American

VOTE NO

I'm mad. I am against any bailout of any kind. I would rather live in a recession than give money to the dishonest companies, banks, etc that created this problem. To the people who are behind on their mortgages, I'm sorry, but you signed on the dotted line. To Voters: if your rep in Washington votes for this, they don't deserve another term. Vote them out.

LDC of TN @ Sep 27, 2008 20:21:53 PM

Need to end Fractional Reserve Banking!

Repeal the Federal Reserve Act of 1913 and begin to let the government be in control of printing money ONLY! Not some wealthy greedy money barrons who don't care what kind of calamity befalls the United States.

Get away from the Money Debt Bonds and start printing Debt free money!!

Carl J Daubenspeck of PA @ Sep 27, 2008 02:22:59 AM

Jim Bunning, Wall Street Bail-out

I can't find fault with Sen. Bunning's assessment. But even he has got to admit that this is a pick-your-poison choice. Between the two, I prefer the pain I can measure -- the $2,300 it's going to cost me and every taxpayer -- to the one I can't, which could be the worst economy since my grandfather was limited to three days a week at Western Electric during the Great Depression. My hope is that the FBI investigation finds the people who should be prosecuted and jailed for this.

Bob Zientara of IA @ Sep 25, 2008 14:22:51 PM

A Better WAy

What do you think?

I’m against the $85,000,000,000.00 (85 billion) bailout of AIG.

Instead, I’m in favor of giving $85,000,000,000 to Americans in

a "We Deserve It Dividend".

(Just think how that would parse out at 700 Billion being proposed to bail out, not only American banking interests but those of Switzerland, France, UK, Japan, and others!)

To make the math simple, let’s assume there are 200,000,000

bonafide U.S. Citizens age18+.

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 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. < BR>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,

Birk

T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

JerryKing of NC @ Sep 25, 2008 14:13:40 PM

I am a very liberal Democrat from Kentucky (yes, there are a lot of us) and I have never agreed with anything Jim Bunning has ever said, but I do now, wholeheartedly.

of KY @ Sep 24, 2008 20:28:37 PM

the bottom line

Yet a better question, will the taxpayers feel a bigger pull on their wallets if the 700 billion dollar Paulson Plan goes through? Or if the government lets the bank crumble (factoring in the domino effect of the imminent recession)? I'd say let er' burn.

Scott of MN @ Sep 24, 2008 16:59:06 PM

Bunning off his bearings

One of Bunning's aids needs to explain to him who his boss is.

jim of CA @ Sep 24, 2008 11:51:26 AM

Bunning should stick to baseball ...

I am not sure what is more depressing - the current financial mess, or the fact that so many Americans (including Senators Bunning and DeMint) are blithering idiots. What Bunning and the pro-Bunning idiots don't understand, is that the Wall Street mess, which was egregiously caused by extremely greedy/reckless bankers/mortgage-brokers, and incompetent US (un)regulators, DESPERATELY NEEDS to get fixed immediately before we hit catastrophic financial apocalypse. If banks stop lending, bond markets see only forced selling (and no buyers), and insurance juggernauts (like AIG) fail ... the consequences will be disastrous (worse than the 1930s depression) for the average taxpayer, who will feel the pain more than anyone else. Without a liquid, lending, and fully functioning Wall Street/Banking system, our entire economy cannot exist. Fixing the problem is not a Wall Street bailout - but a bailout of the US taxpayers, who will ALL go bankrupt if there is no immediate action. Moreover, if this Paulson plan is enacted correctly, there is a good chance that the taxpayers will be made whole with some profits to boot.

Daniel of NY @ Sep 24, 2008 08:59:40 AM