Always on the Right Side of the Issues

October 1, 2008

Tired of all of the doom and gloom

Filed under: Economics — Tags: , , , , — choosetheright @ 3:11 am

Okay first of all… this is the biggest economic crisis in my lifetime, I’m sure.  All the news stations can talk about nothing else but the economy and this bailout plan, or whatever they’re calling it now.  And congress is taking a break from it for the Jewish New Year?!  I guess the collapse of our great nation can wait a day or two.  But honestly, is it really going to be the collapse of America?  Ron Paul has been comparing it to the collapse of the Soviet Union, and what happened to the Soviet Union was a financial collapse, not invaded, or anything else, it was financial.  Scary stuff.   I am glad the original bill did not pass.  I don’t know much about what’s on the floor right now. 

But here’s some optimism.

Glenn Beck: Hey, just remember one thing. Just remember who we are. Just remember what our rock is. Just remember it’s life, liberty and the pursuit of happiness. We’re going to make it through anything as long as we stay together and we don’t stay together on stupid things. You know, marriages never work that are just built on a sham where you kind of just, you know, seven years into it, you went, what the hell did I marry this person for. Know why we married into this system. We married capitalism because it is the first system that really truly freed people. We married in the life, liberty and the pursuit of happiness. We married our Constitution, and that’s an eternal kind of marriage. Just refresh yourself this weekend, I want you to know. Because when we know who we are, when we know who gives us the power, when we know that there are good people around us that believe the same thing, when we educate ourselves, we can survive anything. It’s going to get rough but we’re going to survive anything because that’s who Americans really are, survivors.

I’m not sure it’s going to get that rough.  But I am working on that garden.  And I think if I see any good bargains I might stock up on some clothes and shoes for Olivia for next year while my dollar is actually worth something. 

But maybe I’m silly and this is like the y2k when everyone thought the world would end, and my grandparents filled their basement with toilet paper and canned goods.

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2 Comments »

  1. I’ve been thinking and have decided I’m against the $85,000,000,000.00 bailout of AIG.

    Instead, I suggest giving $85,000,000,000 to Americans in a “We Deserve It” dividend.

    To make the math simple, let’s assume there are 200 million bonafide U.S. citizens 18+.

    Our population is about 301,000,000 +/- counting every man, woman and child and 200,000,000 is probably a pretty close ballpark number of 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 and over 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 over 18 would pay $127,500.00 in taxes.

    That sends $25,500,000,000 right back to Uncle Sam.

    But it also means that every adult over 18 now has $297,500.00 in their pocket.

    A husband and wife has $595,000.00.

    So here’s the question:

    What would you do with $297,500.00 to $595,000.00 in your family?

    Would you pay off your mortgage? >> Housing crisis solved.

    Repay college loans? >> What a great boost to new grads.

    Put away money for your children’s college? >> Now it’ll be there when you need it.

    Would you save it in a bank? >> That will create money to loan to entrepreneurs.

    Would you buy a new car? >> That will create jobs.

    Invest in the stock market? >> That means capital driven growth.

    Buy health insurance? >> That’s 48 million newly protected Americans who can now afford to see a doctor before a $200 office visit turns in to a $100,000 hospital bill which goes unpaid.

    Enable deadbeat dads to come clean -(or else)- >> problem solved.

    Remember this is for every adult U.S. citizen 18 and over including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back.

    And while we’re at it, let’s give those serving in our Armed Forces a 150% “We Deserve It” dividend, and if they’re a wounded Vet, waive the damn taxes.

    Look, if we’re going to re-distribute wealth,
    let’s really do it, instead of trickling out
    a puny $1000.00 economic incentive.

    If we’re going to actually DO an $85 billion bailout,
    let’s bail out every adult U.S. CITIZEN.

    As for AIG – give the execs their walking papers and liquidate it. Sell off its parts.

    Let American General go back to being American General.

    Sell off all 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, period.

    Sure it’s a crazy idea that can “never work.”

    But can you imagine the coast-to-coast block party??!

    That my friend is how do you jump start an Economic Boom.

    I trust my fellow adult Americans enough to know how to use the $85 billion.

    “We Deserve It” more than the geniuses at AIG or the do nothing politicians in Washington DC .

    And remember, my bailout plan really costs $59.5 billion because
    $25.5 Billion is returned instantly in taxes to Uncle Sam.

    I feel better getting that off my chest.

    Comment by Dental Dan — October 1, 2008 @ 3:34 am

  2. It is hard to fathom this stuff as I am only 26 and most of my life has been in a strong economy. That being said, there is a time and a place to wash out all this mess and flush the economy clean and start from scratch. I am not sure how long that will take, but that seems to be what is going to have to happen.

    http://jwojdylo.wordpress.com

    Comment by jwojdylo — October 1, 2008 @ 3:38 am


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