Those businesses get the average citizen going and coming: We are paying for them to be in business when we buy their products or services, when we pay tax on those products and services that the businesses don't, when we pay local taxes that end up going to businesses as incentives, when we pay our utilities, when we work for minimum wage to make them rich, when we apply for credit for purchases and then end up with hefty interest rates and finance charges, and on and on. Now they are worried that we didn't want to pay them for screwing up so badly that they are crumbling? Who cares? I don't. You want us to yell foul when one of us applies for welfare, but it's OK if businesses demand welfare to pay for their mistakes? Get real.
I think it would be a not-so-bad idea if the whole system crumbled so that a less greedy and hopefully more equitable system can be built to replace it. Let the stock market collapse all the way. I doubt we'd see much of a change anyway. Cudos to the House for doing their job.
Why oh why can these ingenious solutions come through my email, and probably to thousands if not millions of others in the same viral way, but the pundits in power never seem to get them? Here's a good one:
The Economic Recovery Plan
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 bona fide 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 age 18+ 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 have $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.
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 the geniuses at AIG or in Washington DC. And remember, This plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Kindest personal regards,
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
You know what, Birk? I'm with ya man!
I'm not going to tell you that I understand the stock market or the way these big financial companies work, because I don't. Not in the least. The only conclusion I can draw from it all is that what they are dealing and gambling with is less valuable than the paper money circulating that is supposed to be backed by gold. Real gold. Gold in heavy, hefty bars. These stock brokers and whatever other players involved watch numbers flash across a ticker at lightening speed and that's what they are dealing and gambling with - blips of neon light. The numbers represent, supposedly, a vast amount of money so voluminous that no human being could ever count it in a lifetime if it was piled right in front of him.
So, here's all these major trading firms, commercial banks, mortgage lenders and financial insurance companies all whining for help, to bail their asses out before their walls all come crumbling down. Not one single financial genius is looking at the real reason behind the "worst crisis on Wall Street since the Great Depression."
And it's all so simple, really. A few years ago, when gas prices started to go up - something we can't live without - but blue collar wages didn't, the squeeze began. The 90% of the population that holds only 10% of the wealth in this country pay taxes while the 10% that holds 90% of the wealth enjoy government tax breaks, incentives and yes, trillions of dollars in "bail outs." Well, you damned idiots, what did you expect would happen when you drained your consumer market dry with your greed? You got all the money - aren't you happy now?
What really pisses me off is that we are all so well programmed that we do nothing while our tax money is spent to bail out badly run businesses. But, bring up the topic of "welfare" and there's a mighty public uproar. Why is that? It's right to bail out business with gazillions of money, but it's wrong to spend less than 11% of the national budget on Public Assistance, Medicaid and Medicare?
I thought the Consitution of the United States reads "government for the people, by the people." People, not businesses. People. You and I kind of people. You and I and millions of other people that make up that 90% of the population that holds only 10% of the wealth.
Go ahead and slam me for my idealism, perhaps my naivete, and if you want, for my trashy language. If it makes you stop and think about this long enough to slap me upside the head, then maybe some of it will sink in. We the people are the majority, and it's about time that the majority woke up.
BPA is used to make polycarbonate plastic, a clear shatter-resistant material in products ranging from baby and water bottles to plastic eating utensils to sports safety equipment and medical devices. It also is used to make durable epoxy resins used as the coating in most food and beverage cans and in dental fillings.Yale School of Medicine research supports the American Medical Association study, and adds more concern. Primates with BPA were found to have lost connectivity between brain cells that could lead to memory problems and depression.
It's coming sooner than later, and an article today said that there is already a slow run on commercial banks.
That "run" could accelerate as people realize the FDIC fund has about $50 billion to "insure" about $1 trillion in assets at the nation's financial institutions, says Roubini. "They're going to run out of money" unless Congress acts soon to recapitalize the FDIC.Keep in mind that the FDIC only covers up to $100,000 in any one account. The FDIC has a "troubled bank" list, but it is only good up to June. Who knows what's been happening since then.
The good news: Oil is now down to $93 a barrel. With the tension with Venezuela, a major supplier of US oil, it's unlikely that we'll see much relief at the pump.
“If we will decide to encourage rather than criticize, if we will make kind acts and thoughtfulness a part of our daily lives, that if for only one day of the year we will experiment by intentionally avoiding cynicism and meanness and choose instead encouragement, that we as individuals and also as a nation will change and in changing we will change our world.”letsencourage.com
--Andrew Baker, organizer of the National Day of Encouragement and executive director of the Encouragement Foundation, a group that raises the awareness about the benefits of encouraging others.
The Pentagon has proposed a $9 billion sale of air defense systems and helicopters to the United Arab Emirates, which includes a Terminal High Altitude Area Defense missile and radar system. It is expected that Congress will approve the deal within 30 days. While this deal between US companies (Raytheon, Lockheed Martin, etc.) and the UAE has been several years in the making, in recent years, the UAE has acquired several advanced weapons systems from several countries.
Though the AP did not join these two stories together, a connection between the two is glaringly obvious. Gas prices - and food prices as a result - will stay at the current level, and enforced by the military might of oil producing countries. The squeeze will never ease.
As if the mountain of news stories about the campaign aren't enough to boggle the mind, blogs are contributing to the inferno by adding scores of undocumented, unresearched, unverified, unqualified opinions that only serve to cause and perpetuate mass confusion, near hysterical hate mongering and the spread of misinformation.
In my opinion, based on the above reported facts, it would be more honest, responsible and fruitful for bloggers to emphasize that what they present is opinion only. Be responsible in your writing and publishing because it is valid and valuable. That the press acknowledged the influence of what you write makes it so. Use the power wisely or we will all lose our credibility and voice.
Curiously, the FDA today ordered a stronger warning for four drugs commonly used to treat rheumatoid arthritis that are not on their drug list. In 240 cases, people taking Enbrel, Remicade, Humira or Cimzia developed a fungal infection called histoplasmosis, and 20% died because the diagnosis of the infection may have been late or overlooked entirely. Patients taking these arthritis drugs should call their doctors if they develop flu-like symptoms as these may actually be symptoms of histoplasmosis instead.
THROUGH THURSDAY MORNING.(Abundant moisture? Copious amounts of rainfall? Flash flooding is very dangerous? Well, OK. I'm completely informed now.) Added to Wednesday is a possibility of tornadoes along with thunderstorms. It's been quite a wet year around here...
RAINFALL...ASSOCIATED WITH TROPICAL SYSTEM GUSTAV...WILL CONTINUE TO OVERSPREAD THE AREA TODAY. ABUNDANT MOISTURE ASSOCIATED WITH THIS TROPICAL SYSTEM WILL PRODUCE COPIOUS AMOUNTS OF RAINFALL...ESPECIALLY WEDNESDAY AND WEDNESDAY NIGHT.
BETWEEN 3 AND 5 INCHES OF RAINFALL WILL BE POSSIBLE OVER THE WATCH AREA BEFORE THE STORM SYSTEM MOVES OUT OF THE STATE LATER IN THE WEEK. DUE TO THE HEAVY RAINFALL...FLASH FLOODING WILL BE POSSIBLE.
A FLASH FLOOD WATCH MEANS THAT CONDITIONS MAY DEVELOP THAT LEAD TO FLASH FLOODING. FLASH FLOODING IS A VERY DANGEROUS SITUATION.
Wanting to prove that he learned hard lessons during the Katrina disaster, President Bush is now headed to San Antonio and Austin, TX, the staging ground for emergency response. Staying out of the way of relief response efforts, he'll head to Louisiana later.
The shortened GOP Convention will now be a major fundraising drive for hurricane victims, with Cindy McCain and Laura Bush focusing on Gustav. While Cindy McCain and Sara Palin flew to St. Paul last night, Laura Bush made breakfast this morning for a group of delegates, and said that she was pleased to be able to vote for a Republican woman. She's as surprised as everyone else at McCain's pick, and said, "we know what kind of women Alaska produces. We know how tough and strong she is."