09 could be canceled
Posting Guru
Joined: Sep 2008
Posts: 1,512
Likes: 0
They wont cancel the 09 for anything. It's things like this that people need to be buying to feed the economy and not hold back even more on spending.
The less the people spend the worse it will get.
Elder User
Joined: Oct 2002
Posts: 819
Likes: 0
From: Denver USA
Sorry, off topic a little, but this way we could all buy a new F150!
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,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
PS: Feel free to pass this along to your pals as it's either good for a laugh
or a tear or a very sobering thought on how to best use $85 Billion!!
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,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
PS: Feel free to pass this along to your pals as it's either good for a laugh
or a tear or a very sobering thought on how to best use $85 Billion!!
Elder User
Joined: Oct 2002
Posts: 819
Likes: 0
From: Denver USA
Super Moderator
Joined: Jan 2008
Posts: 40,054
Likes: 1,524
From: Maine, Virginia
Tim
Elder User
Joined: Aug 2007
Posts: 503
Likes: 0
From: arizona
I'm not sure what's going to happen, but I sure am not going to start thinking we are headed for disaster. We will come through, just need some creative thinking and not the same old BS.
Trending Topics
Cargo Master
Joined: Sep 2007
Posts: 3,049
Likes: 1
One thing to think about as to why they are being bailed out: AIG insures a lot of banks/financial institutions. I'm not for or against, just stating a fact. Feel free to flame me if you feel necessary.
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Senior User
Joined: Aug 2008
Posts: 114
Likes: 0
The new Dodge Ram has incentives out of the gate. I'm sure the 09 F150 will be in the same boat since some dealers still have so much inventory. Ford really needs to be carefull on how many they will build and not to overstock the dealers.
Post Fiend
Joined: Nov 2001
Posts: 7,698
Likes: 4
From: Neenah, Wisconsin
ford can't cancel the 09's...cause if they cancel it they can't build 08's since the factories are switched over....and people still need to buy trucks...good or bad economy.
And as bad as it is...and as much as i don't like gov't bailouts..... WE MUST bail out the banks and aig....cause if we don't....it'll be another 10 years till the real estate market recovers...and until it does....no other markets will either.....
And as bad as it is...and as much as i don't like gov't bailouts..... WE MUST bail out the banks and aig....cause if we don't....it'll be another 10 years till the real estate market recovers...and until it does....no other markets will either.....
Senior User
Joined: Aug 2008
Posts: 114
Likes: 0
ford can't cancel the 09's...cause if they cancel it they can't build 08's since the factories are switched over....and people still need to buy trucks...good or bad economy.
And as bad as it is...and as much as i don't like gov't bailouts..... WE MUST bail out the banks and aig....cause if we don't....it'll be another 10 years till the real estate market recovers...and until it does....no other markets will either.....
And as bad as it is...and as much as i don't like gov't bailouts..... WE MUST bail out the banks and aig....cause if we don't....it'll be another 10 years till the real estate market recovers...and until it does....no other markets will either.....
I agree, but the demand for large trucks is not what it use to be. They need to build less of these trucks.. maybe in the 200,000-300,000 range. The downside is these trucks are the bread and butter of Ford and it will eat up their profits and will loose money. I do not think they will be able to sell a million trucks like they use to when gas is $3.50 a gallon. The only thing that might save them is $1.50 gas like back in 2004, but I do not think that is going to happen.
Moderator
Joined: Aug 2002
Posts: 6,106
Likes: 385
From: Southern California
There is actually no reason to bail out AIG...
1. Investors were already to purchase the AIG business units outright both the profit & loosing entities. Any layoffs that are to occur, are going to happen anyway (per internal AIG reports released on the net)
2. The FDIC covers up to $100k per person per banking institution (basically a couple is insured for up to $200k
3. Even with the bailout, the proposal is banking on the foreclosed properties regaining their value during the next 5 years when they would be returned to the market for sale (yes, forclosures would still continue) leading the question, do you believe the government will maintain the 1 million properties that are presently in forclosure for at least 3 years?- not. Welcome new slums (Hmm, just like during the Hoover administration but 500 times the volume & impact)
4. Even if the plan goes through as stated, at best, our dollar value will further reduce to 50% exchange rate world wide (projected estimates), then compound the interest from China, Russia, France and Saudia Arabia with whom we have borrowed over 3 trillion dollars at present, we will have returned to the financial wholeness that we were at in 2000 (slightly in the good by a few billion dollars) by 2019.
1. Investors were already to purchase the AIG business units outright both the profit & loosing entities. Any layoffs that are to occur, are going to happen anyway (per internal AIG reports released on the net)
2. The FDIC covers up to $100k per person per banking institution (basically a couple is insured for up to $200k
3. Even with the bailout, the proposal is banking on the foreclosed properties regaining their value during the next 5 years when they would be returned to the market for sale (yes, forclosures would still continue) leading the question, do you believe the government will maintain the 1 million properties that are presently in forclosure for at least 3 years?- not. Welcome new slums (Hmm, just like during the Hoover administration but 500 times the volume & impact)
4. Even if the plan goes through as stated, at best, our dollar value will further reduce to 50% exchange rate world wide (projected estimates), then compound the interest from China, Russia, France and Saudia Arabia with whom we have borrowed over 3 trillion dollars at present, we will have returned to the financial wholeness that we were at in 2000 (slightly in the good by a few billion dollars) by 2019.
Moderator
Joined: Dec 2001
Posts: 22,436
Likes: 17
From: Louisville,Ky.
Let them fail, them we can lend them money @ high interest like they do us.
The last figure that I heard is about $3600 per adult American to bail out with this last proposal that the senate passed. They wouldn't bail me out, so I don't feel I should have to bail them out!!
Won't effect the 09 release though.
The last figure that I heard is about $3600 per adult American to bail out with this last proposal that the senate passed. They wouldn't bail me out, so I don't feel I should have to bail them out!!
Won't effect the 09 release though.