All Forums | Politics

If you disagree with the bailout

...
Participants:
Search model icon
Views: 1544
Posts: 62
 
Covers Linesmen
Participation Meter
Joined: Oct, 2005
Posts: 66698
Posted: #26
carter balanced the budget?
 
Hall of Fame
Participation Meter
Joined: Jan, 2008
Posts: 20685
Posted: #27
Quote Originally Posted by Grego:

1) This is completely about home market. All the bad debt issues are surrounded by eroding home prices
 
2) If credit / equity market is the only issue then when if their a "bailout" instead of just taking the 700B and proping up the banking markets temporarily?

Grego,

Everybody is surely blaming this on the housing market but I'm not convinced on that.  If people had jobs they wouldn't lose their houses.  If they had enough liquidity/net worth/ less debt, they wouldn't freak at decline in value and bolt.

The average American is so thin financially right now they were unprepared for a drop in values.

In a good economy, this would not have happened.

The other part is Wall Street's packaging and leveraging of everything.  Fannie/Freddie are probably also to blame for maybe artificially making it too easy for first timers to buy a house but once their individual economic situation got bleak, THAT'S where the problems originate in my opinion, but again I am not on top of the Freddie/Fannie situation.

 

 
Hall of Fame
Participation Meter
Joined: Jan, 2008
Posts: 20685
Posted: #28
Quote Originally Posted by KOAJ:

carter balanced the budget?

Actually, I think he was very, very, very close.  Within 1% or something.  I will look that up.

Bear in mind, he had some OPEC issues going on so he gets a little extra credit.

 

 
Veteran
Participation Meter
Joined: Nov, 2006
Posts: 1752
Posted: #29
Quote Originally Posted by FriedShrimp:

Yes, the newly designed "priorities" will add some things.

Any problems cutting the two biggest portions of the Federal Budget?  Military spending and Interest?  Is that TOO OBVIOUS?  Or do people like looking on page 500 for the small stuff?

As far as taming Government Spending.  I'll tell you one thing right now.  McCain & Palin couldn't tame a puppy.  Not even sure if they can read and write much less "reform" government spending.

The last two Democratic Presidents balanced their budgets and the last three Republican Presidents did not.

Is this over everybody's head?

 



Um, I think you should recheck your facts.  The two biggest portions of the federal budget are Social Security and then Medicare/Medicaid.

Defense is third and interest is a very distant 6th.

I am not advocating McCain/Palin, I am simply pointing out the inaccuracies in this thread.
 
Hall of Fame
Participation Meter
Joined: Jan, 2008
Posts: 20685
Posted: #30
Gotcha, okay but they are still in the top 10.
 
Not sure what you can do about social security, that money has already been spent.
 
 
 
Captain
Participation Meter
Joined: Nov, 2007
Posts: 6148
Posted: #31

OK.....here's a plan I could live with. 
 

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.  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   
 
 
 
Captain
Participation Meter
Joined: Nov, 2007
Posts: 6148
Posted: #32

  
 
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.
 
Banned
Participation Meter
Joined: Aug, 2008
Posts: 373
Posted: #33
Shrimp, not unlike most democrats, will pull numbers out of his ass to further his motives.
 
Thats why O'Reilly's "NO spin zone" is so popular. People like him are making Bill rich. Fox news dominates the cable news ratings by a long ways.
 
Veteran
Participation Meter
Joined: Nov, 2006
Posts: 1752
Posted: #34
Pillsbury, when you get that money I hope the first thing you do is buy a calculator.
 
Captain
Participation Meter
Joined: Nov, 2007
Posts: 6148
Posted: #35
Quote Originally Posted by jaxwhitey:

Pillsbury, when you get that money I hope the first thing you do is buy a calculator.

 

sorry am i off base here ?  please eloborate 

 
Banned
Participation Meter
Joined: Aug, 2008
Posts: 373
Posted: #36
Quote Originally Posted by Pillsburydough:


OK.....here's a plan I could live with. 
 

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.  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   
 
 

I like the plan except that if everyone has Lots of money, doesnt that send inflation through the roof? Any Ideas?

 
Covers Linesmen
Participation Meter
Joined: Oct, 2005
Posts: 66698
Posted: #37
Quote Originally Posted by FriedShrimp:

Actually, I think he was very, very, very close.  Within 1% or something.  I will look that up.

Bear in mind, he had some OPEC issues going on so he gets a little extra credit.

 



he caused the opec issues b/c his foreign policy decisions were awful
 
Hall of Fame
Participation Meter
Joined: Jan, 2008
Posts: 20685
Posted: #38

Quote Originally Posted by KOAJ:



he caused the opec issues b/c his foreign policy decisions were awful

What was wrong with Carter's foreign policy decisions?

 

 
Veteran
Participation Meter
Joined: Nov, 2006
Posts: 1752
Posted: #39
Quote Originally Posted by Pillsburydough:

 

sorry am i off base here ?  please eloborate 



$85,000,000,000 / 200,000,000 = $425.00 not $425,000
 
Covers Linesmen
Participation Meter
Joined: Oct, 2005
Posts: 66698
Posted: #40
In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”
 
Hall of Fame
Participation Meter
Joined: Jan, 2008
Posts: 20685
Posted: #41
You think I"m bad with math.....
 
Pillsbury's math is off 99.5%
 
 
 
Hall of Fame
Participation Meter
Joined: Jan, 2008
Posts: 20685
Posted: #42
Quote Originally Posted by KOAJ:

In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”

Does that make Wall Street a bunch of communists?

I knew it

 

 
Hall of Fame
Participation Meter
Joined: Jan, 2008
Posts: 20685
Posted: #43
Didn't Carter win a Noble Prize for his foreign policies?
 
 
 
Captain
Participation Meter
Joined: Nov, 2007
Posts: 6148
Posted: #44

Quote Originally Posted by jaxwhitey:



$85,000,000,000 / 200,000,000 = $425.00 not $425,000

 

I'll be damned your right......... Back to the drawing board 

 
Captain
Participation Meter
Joined: Nov, 2007
Posts: 6148
Posted: #45
I guess it's time to upgrade to a calculator this abicus is getting worn out
 
Veteran
Participation Meter
Joined: Nov, 2006
Posts: 1752
Posted: #46
Quote Originally Posted by Pillsburydough:

 

I'll be damned your right......... Back to the drawing board 



It really is amazing how much run that email has gotten and very few people realize just how incorrect it is.
 
Veteran
Participation Meter
Joined: Feb, 2006
Posts: 3985
Posted: #47
Yeah, it is amazing but it hasn't gotten as much play as that scurrilous crap about Obama being a Muslim ... so Whitey, the Republicans blow up the economy, they blow up foreign policy, they turn Wall Street over to the masters of the universe and you want to watch he Democrats fix it ... isn't that special?
 
Veteran
Participation Meter
Joined: Nov, 2006
Posts: 1752
Posted: #48
Quote Originally Posted by bumstead:

Yeah, it is amazing but it hasn't gotten as much play as that scurrilous crap about Obama being a Muslim ... so Whitey, the Republicans blow up the economy, they blow up foreign policy, they turn Wall Street over to the masters of the universe and you want to watch he Democrats fix it ... isn't that special?


I've gotten the AIG email at least 5 times, the Obama email I am not sure how many I've received because I just toss anything with Obama in the title in my recycle bin.

As for the rest of your drivel, you cannot blame everything solely on Reps.  The economy, foreign policy and wall street issues have been coming down the line for a lot longer than 8 years.  The federal government has become a wasteland were those who are elected only pass legislation that they think will get them re-elected.  Very few things actually get passed that are good for the whole country, it is mostly spend now and let future generations worry about the the ramifications.

I am not a fan of the federal government period.  But I definately do lean conservative since they say that they are for a smaller federal government (neither party really is, if they were they would be out of a job)

And the last thing I would want is for the Dems to try to "fix" anything.
 
Captain
Participation Meter
Joined: Nov, 2007
Posts: 6148
Posted: #49

Quote Originally Posted by jaxwhitey:



It really is amazing how much run that email has gotten and very few people realize just how incorrect it is.

 

Your right I guess I just took it for granted that the math was correct. I should have taken the time to actually go over all of the figures before passing it along . Sorry to clog up the thread with inaccurate information. 

 
 
Captain
Participation Meter
Joined: Nov, 2007
Posts: 6148
Posted: #50
Quote Originally Posted by FriedShrimp:

You think I"m bad with math.....
 
Pillsbury's math is off 99.5%
 
 

 

All Forums | Politics
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Office Pools
The Covers community has
810,221
lifetime members worldwide
Covers 30 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2026 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.