The Best "bailout plan" EVER.

I saw this and HAD to share it. I'd love to hear your thoughts and comments on if the below "bailout plan" could actually work.

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The Birk Economic Recovery Plan

Hi Pals,

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
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 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,

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

King Paulson and President Bush

The quote below is history making and shows conservatives for what they truly are, de-regulators with such large egos that they feel they will never mess up and can always "get one over" on their customers. Well guess what? Now that translates to the entire American people.

This is a sad time for America and it's currently elected administration. Even while America is hurting the economics of the Bush administration are looking for less oversight and regulation even while calling for more oversight and regulation. Do not be fooled. McCain will bring forth the SAME policies as Bush, keep the SAME tax cuts as Bush, appoint a SIMILAR de-regulator like Lindsay "America is in a mental recession and are a nation of whiners" Graham who keeps with the same policies of Mr. Paulson.

We need a free market with regulation. PERIOD. None of this "Just let them have it and the market will work itself out" bullsh*t. People are corrupt. People need oversight. We must not sign our life away WITHOUT OVERSIGHT! Period! Don't believe me? Check out what Paulson's legislation said below. I don't care what you conservatives say. This is PROOF that socialism (larger Government for the people, BY the people) MUST be involved in capitalism. PERIOD.

This says it all:
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Secretary of the Treasury Henry Paulson is about to crown himself King of the USA and the Bush Administration and the Congress are aiding and abetting the execution of this bloodless coup d' état over the hapless American people by giving Paulson unlimited and total singular personal power to make economic policy and execute it without any democratic input or oversight from the Congress or even the right of the people to challenge his actions or seek redress for the taxpayers through the Courts!

The days of the Republic are almost over and yet many Americans still cling to the illusion that their President, the Congress, and the democratic institutions created to protect them are functioning correctly even as the Government moves to use taxpayer funds to bail out the thieves in the banking industry. So that we are clear about just one implication of this legislation and the powers Paulson has taken to himself, Paulson has served notice to his banker buddies around the world that your tax dollars are also available to buy the toxic debt of floundering foreign banks as well as fraudulent debts accumulated on the balance sheets of the toppling pyramid of US banks and insurance companies!

From the legislation:

"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

In the future Paulson or whoever takes over his post in the new administration will be able to use taxpayer money to do whatever he chooses, whenever he chooses and Congress will have no say in the matter. Mike Whitney gets into the jaw-dropping details of the impending legislation and how it describes very clearly an end to the US Republic as we have known it.

Those who want to put a stop to this bailout and the transfer of power over the economy from long-standing democratic institutions to one man go to Vote No To the Bailout, read, register and get too work. I don't think it is to strong a statement to say the future of every US taxpayer hangs in the balance and the window for your action is closing fast.

These are dark times. While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation's financial markets and the country's economic future.

Industry representative Henry Paulson has submitted legislation to congress that will finally end the pretense that Bush controls anything more than reading the lines from a 4' by 6' teleprompter situated just inches from his lifeless pupils. Paulson is in charge now, and the coronation is set for sometime early next week. He rose to power in a stealthily-executed Bankster's Coup in which he, and his coterie of dodgy friends, declared martial law on the US economy while elevating himself to supreme leader.

"All Hail Caesar!" The days of the republic are over.

Section 8 of the proposed legislation says it all (A necessary REPEAT):

"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

Right; "non-reviewable" supremacy.

Congress, of course, is more than eager to abdicate whatever little authority they have left. They're infinitely grateful for their purely ceremonial role, the equivalent of Caligula's horse, albeit, with considerably less dignity. Has even one senator spoken out against this madness, which--according to informal internet polls--is resoundingly rejected by the voters? Does it concern the members of congress at all, that the present financial crisis was brought on by the proliferation and sale of trillions of dollars of mortgage-banked garbage which were fraudulently represented as Triple A rated bonds by the very same people who now claim to need unprecedented and dictatorial powers to fix the problem? Or are they more worried that the steady torrent of contributions which flows from Wall Street to congressional campaign coffers will be inconveniently disrupted if they fail to ratify this latest assault on democratic governance? The House of Representatives is one big steaming dungheap that should be leveled and turned into an amusement park instead of a taxpayer-funded knocking shop. What a pathetic collection of cowards and scumbags.

Bloomberg News:

"The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets. Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world's largest economy to a standstill. The bill would prevent courts from reviewing actions taken under its authority.

by Moonwolf September 22, 2008 at 02:30 pm
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Couldn't have said it better myself, Moonwolf.

What can YOU do? Contact your congressman! I did and so can you!

Click this link to find your congressman's contact information.
http://www.visi.com/juan/congress/