Comments for No to Fast Track Banking Bailout: Let free market capitalism run its course. at http://www.thevoicemagazine.com , comment 1 to 4 out of 4 comments http://www.thevoicemagazine.com Fri, 09 Jan 2009 21:50:37 +0100 FeedCreator 1.7.3 http://www.thevoicemagazine.com/headline-news/commentary-and-opinions/208-no-to-fast-track-banking-bailout-let-free-market-capitalism-run-its-course.html#comment-35 Hi Noone: That's a great plan. They should pay off the debt they owe the American people... I Agree. - patriot Sat, 27 Sep 2008 11:22:34 +0100 http://www.thevoicemagazine.com/headline-news/commentary-and-opinions/208-no-to-fast-track-banking-bailout-let-free-market-capitalism-run-its-course.html#comment-34 OK.....here's a plan I could live with. A REAL stimulus package.... Hi folks, 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 team 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 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, - noone Sat, 27 Sep 2008 07:34:21 +0100 http://www.thevoicemagazine.com/headline-news/commentary-and-opinions/208-no-to-fast-track-banking-bailout-let-free-market-capitalism-run-its-course.html#comment-22 I think this is a fantastic article, I wish everyone in America could see this article. I belive what you have said is the truth. I pray that more men of God would stand up for the truth. I pray for you & your family Ps. 119 God protection & for the U.S. I plan on contacting our Senator. God Bless & Keep you, Georgia - Georgia Hardy Wed, 24 Sep 2008 03:26:57 +0100 http://www.thevoicemagazine.com/headline-news/commentary-and-opinions/208-no-to-fast-track-banking-bailout-let-free-market-capitalism-run-its-course.html#comment-21 I am a Realtor in Georgia and I will say it is a shame that reckless lending was indeed taken to the extreme over the past 6 yrs. I have only held a real estate license for just 2 yrs and I can honestly say I got in just as home sales & prices began slipping as foreclosure inventory began climbing. As banks began clamping down on their lending, now there are fewer and fewer buyers. "Will the qualified buyers with great credit please stand up!"? As they've slid more and more it's now quite apparent that a "market correction" isn't going to occur suddenly. If what I've heard is correct (and I'm fairly confident it is) the resetting of subprime 5-1-ARM's loans made from 2002-2005 should give us an idea of how long the brunt of defaults will continue. If this is true we may be looking at a high volume of foreclosures until around 2010! Not exactly what I had in mind, when I signed up... But, I choose to accept that this is the market I have to work with. I must use this to my advantage. - Shane Tue, 23 Sep 2008 22:15:34 +0100