janetupnorth
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The_Kitchen_Guy said:Just a question - the Democrats control both houses. How can they not pass anything?
PamperedDor said:Ok - so what exactly does this mean? Sorry to sound stupid, but I really don't follow the stocks and stuff like that - I am not the investor in my relationship so I don't really know what all this means to the economy.
PamperedDor said:So glad I'm not alone Meghan!! LOL!!
I know where all the paperwork is in case of an emergency - but haven't a clue what it all means - DH said "not to worry, if he goes, I am well taken care of" (pray nothing happens!)
PamperedDor said:So glad I'm not alone Meghan!! LOL!!
I know where all the paperwork is in case of an emergency - but haven't a clue what it all means - DH said "not to worry, if he goes, I am well taken care of" (pray nothing happens!)
The_Kitchen_Guy said:Just a question - the Democrats control both houses. How can they not pass anything?
jesusluvsu2005 said:Just out of curiosity, my sister keeps talking about China holding so much of our debt. So what happens if they see that we're in such trouble and say they want the debt paid. What happens then?
Admin Greg said:I'm down 16% with my stocks today :thumbdown:
jesusluvsu2005 said:Just out of curiosity, my sister keeps talking about China holding so much of our debt. So what happens if they see that we're in such trouble and say they want the debt paid. What happens then?
PamperedDor said:Ok - so what exactly does this mean? Sorry to sound stupid, but I really don't follow the stocks and stuff like that - I am not the investor in my relationship so I don't really know what all this means to the economy.
BethCooks4U said:Don't think that that isn't their plan. That's why we need to get our jobs and products back in this country.
chefsteph07 said:If I were you, I'd find out all the details of "well taken care of"...I'm serious. You should be involved in EVERY aspect of your financial future. At least be informed.
PamperedDor said:OH, I appreciate your concern Steph - I know of what are assets are (mostly real estate) as well as all the life insurance policies, I have the attorney who in charge of all our accounts address and number as well - we have some mutual funds - I have all the paperwork - I just don't understand what half of it means!! LOL!!
Thanks for clearing some of it up for me Liquidsky - I rarely charge unless I have to, Never have been a big believer in purchases that I couldn't afford. But thank you so much for the insight!
chefsteph07 said:Glad you know about it but might not understand the jargon..
I used to work for an insurance company and you would be amazed at the number of women whose husband would pass away and the wives had NO idea even where their husbands papers were, what they were entitled to, life insurance policies,etc, the husbands just took care of it and the wives were more stressed than ever. It was sad and that was when I made the decision for myself that I would always KNOW what was going on with everything.
The_Kitchen_Guy said:More than 80% of the general public is against this. Paul Ryan, who is from Wisconsin but represents a district other than mine, says he is getting hundreds of calls per day from his constituents, and the range of votes goes all the way from "No!" to "HELL no!"
Admin Greg said:Problem is 80% of the general public (i'd even go much higher) has very very little understanding of what is going on and what the consequences of action and inaction are. When you have investors with one opinion, government with another, economists all divided, how can you know what is right?
PamperedDor said:Well, Greg, I think you are totally right - I know I am in that percentage - any chance you could explain some of what it all means? What exactly should we all do to help the situation or defend ourselves against financial ruin?
Admin Greg said:Problem is 80% of the general public (i'd even go much higher) has very very little understanding of what is going on and what the consequences of action and inaction are. When you have investors with one opinion, government with another, economists all divided, how can you know what is right?
peichef said:I watch A LOT of American news coverage, as well as lots of Cdn news coverage, and I have to say, I don't think this whole story is being well reported on your side of the border. Most economists -- Cdn, American ,European think the bailout is a BAD idea. They don't seem to be showing that in the US, though.
Ken Blackwell :: Townhall.com :: An ACORN Falls from the TreeJAE said:I heard tonight that in a Rasmussen poll (sp?) that a very high percentage of investors weren't for the bailout either. It was over 60% not for it. I need to re-listen to the radio program because it sounds like there was an ad in on the bill that people weren't willing to allow. Someone trying to sneak something into the rest of the bill? I'm not sure. I can't find a way to re-listen w/o paying $.
JAE said:Ken Blackwell :: Townhall.com :: An ACORN Falls from the Tree
This article is about what I heard on the radio program.
Stampaholic1961 said:Instead of bailing out AIG to the tune of $85,000,000,00, 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 billion 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, This 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,
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!!
Liquid Sky said:Holy crap, Stampaholic!!! That is an INCREDIBLE solution!!!!!!!!!!!!!!!!! Love it! :thumbup:
jenne said:Our government has continually overstepped its constitutional bounds, and here we see them doing it again to bail themselves out of overstepping their bounds in the past. The bailout shouldn't happen...why should taxpayers have to bail out banks that are poorly managed. If I had a poorly managed business, the government wouldn't bail me out, and I wouldn't expect them to! The people responsible need to be held responsible, not the rest of us. I have my own mortgage to pay for, I don't need to pay for someone else's mortgage when they should never have gotten the mortgage in the first place! If the people responsible can't cut the bill, let the banks fail. I don't completely understand how it all ties together, but I know I'd rather let them fail and keep the government out of it...it seems nobody ever learns until there's a few rough years. Let it happen...IMO
cwinter474 said:Stampaholic - I like how you think!!!!
Stampaholic for President!!!!!!
janetupnorth said:Ah, did you do the math? It is only $425 per person not $425,000. The author of that cannot do math.
cwinter474 said:I saw that, but I still like the way she thinks!
ltkacz said:A GREAT article I came across today at my "other" career.
http://license.icopyright.net/user/viewFreeUse.act?fuid=MTYxMzUyOQ%3D%3d
The "Bailout Bill" refers to the Emergency Economic Stabilization Act of 2008, also known as the "Troubled Asset Relief Program" (TARP), which was proposed by the US Treasury Department as a response to the financial crisis in 2008. It aimed to give the government authority to purchase distressed assets from banks and other financial institutions in order to stabilize the economy.
The "Bailout Bill" failed in the House due to a lack of support from both Democrats and Republicans. Many lawmakers were concerned about the potential cost to taxpayers and the lack of oversight in the proposed plan.
If the "Bailout Bill" failed, there could be a significant impact on the stock market and the overall economy. Banks and other financial institutions could continue to struggle, potentially leading to a credit freeze and further economic downturn.
It is possible for the "Bailout Bill" to be reintroduced and passed in the future, but it would require significant revisions and bipartisan support. As of now, there are no plans to reintroduce the bill.
The failure of the "Bailout Bill" can potentially affect everyday citizens by causing instability in the economy and possibly leading to job losses, higher interest rates, and other financial challenges. It may also impact the availability of credit and loans for individuals and businesses.