Money Beat

THERE'S A CRISIS IN AFGHANISTAN?PAKISTAN!!!

McCain will ask to postpone the economic Pow-Wow, so he can focus on the new crisis.

GOP Mantra: Crisis! Crisis! Crisis!

I understand totally.... We have to do this, but there are guarantees it will work. We can spend 700 Billion today and be in a deep recession next month. Or we can spend 700 Billion today and it might jump start the economy again??? MIGHT... No one knows, the top experts in this country do not know because they don't understand half of it. It is screwed up know one knows anything for sure. I do know it was Bush the Republicans who got us into this mess and I do know McCain was side by side each and every one of them.

t

Blaming Bush for this and every other problem is easy and oversimplified. Get real. The president, the banks and all of us have laws to obey.

Congress makes the laws and they have made some lax laws with loopholes. Only they can straighten out the mess by revising the easy credit debacle and put banks back into good business practices. Congress has oversight responsibilities and the Senate Finance Committee and House Banking Committee needs to be spanked and put to work.

To place the blame on one person or one administration is ridiculous and uninformed! You want to blame, start at the bottom and work your way up, from the irresponsible people who bought houses and knew they couldn't afford them, the the people pushing affirmative action demanding the banks give marginal credit, to both houses on the hill, to the recent presidents past and present. There is plenty of blame to go around, so stop with your partisan BS blaming Bush and McCain and get real. This is a crisis that affects everyone of us and needs serious attention.

BUSH: 'Our entire economy is in danger'

WHAT THE F**K... did you just wake up. this did not just happen overnight.

ABC: I have a question for Bush... where has he been for 8 years... why did he..our leader (joke)... not see this... why did he not even know our gas was up to $4 a gallon when asked a few month ago.... Is this man drunk everyday?? is this man on meds??? who is running our country??? Ask him these question. I would like to know his answers.

It was the Bush administration who put those loopholes in place so don't tell me who to blame here.

They want me to give them my tax dollars so the banks can loan it back to me at some dumb interest rate I don't think. Anyway why would we give our money to the same failures that made this mess the first time around so

Why not just give away $8000 to every people in the country and raise the damn retail price everywhere. At least everybody can benefit from the $700 billion bail out plan, not just those people who created all the mess. We are now live in a communist country!

Why not just give away $8000 to every people in the country and raise the damn retail price everywhere. At least everybody can benefit from the $700 billion bail out plan, not just those people who created all the mess. We are now live in a communist country!

I understand very well thank you. In 1999 McCain and Phil Gram pushed trough deregulation for the Bank's and the speculators on Wall Street. Bush ripped off the 2000 election and the party was on. Bush's family is in the oil bussiness, so Bush kepted the intrest rate low which made the dollar weak and oil went through the roof, it was great for Bush and Wall Street. It was free money for them. this bail out will not work, there is over 3 trillion in bad paper on Wall Street, the market will have to correct sooner or later. The next President will be a wipping boy for this mess. And the thiefs get away clean, like always.

Ex Republican

Rich folks are losing money - what will we do? Now they want Uncle Sam to bail them out!!! Uncle Sam would do better to build them a nice prison!!! LET THEM FAIL. Let's use our resources to help those in financial trouble. That would help pump $$$ into the economy. While we're at it how about the bail out for the 10 million kids in this country who have NO HEALTH CARE?

I think that the government should offere special reduced interest rates to those that are struggling or have defaulted on their home loans (2 or 3 %). The banks still make a large sum in interest. I also think they should help the middle class pay for college by offering low interest college loans so that we can all begin to invest more in our families and communities.

This is to all those people who voted for Bush knowing fully well how stupid he was, yet rationalized their decision by saying "but he'll appoint smart people"...well, this just proves - dumb people hire other dumb people. The only smart advisors that Bush had in his early years, which by the way he inherited from the Clinton administration, such as Richard Clark and Paul O'Neill, he effectively ostracized and forced their resignations. Had Bush listened to Richard Clark, 9/11 may have likely been averted. And had he listened to Paul O'Neill this latest debacle may likely have been diverted. And here we are again, with half the country willing to hire another intellectually challenged candidate in John McCain. Remember, he finished at the very bottom of his graduating class at Navy, which he never would have been able to attend had it not been for his influential father. Sound familiar?

WOW, are you people seriously blaming BUSH and MCCAIN for this freakin mess. YEP, these 2 conspired against the whole country to put us in this mess. You call them stupid men, what you are proposing would mean that they would have to be exceptionally intelligent to pull this off. How about Obama taking HUGE contributions from the top guys from Fannie and Freddie, and how about Obama buying his home with the help of a criminal. You want to talk about low lifes, lets talk about Obama! This mess was created by the greedy banks that lent money to people that couldn't afford it, the CEO's of these failing companies for bundling and trading these bad mortgages, and for the people who took these loans that they KNEW THEY COULD NOT AFFORD! So lets lay the blame where it belongs!! I don't see people who can't pay their mortgages because they ballooned saying anything on this board, why do you think that is, because they are part of this problem. I pay my mortgage and I pay my bills and now I have to suffer because people didn't live within their means, they wanted bigger better houses to keep up with the Jones'!!!!!!

I smell hyperinflation...

Hey, Don't you think Bush knew something when he handed out the measely economic stimulus money!!! Get real

i am totally against the bailout package for the simple reason that we don't know the magnitude of the exposure amount and it will be unfair to the taxpapyers. let the markets find their own bottom level and everything will be fine. it can't get worse, can it ? use the $750 billion bailout package to mail each of the taxpayers $12,000 to enable us pay for the higher cost of gas,insurance and education !!!
rest of the money will be spent on the holiday season which will have a multiplier effect on the economy.

ram

I don't see much information on understanding.
Just the hype that if there is no bailout everyone will suffer.
Learned a long time ago there is more than one solution to most problems.
The solutions offered by those who caused the problem are usually not the one to follow.

I understand all right- The only thing Bush is good at is spending spending spending. He thinks that is going to fix everything. No wonder we are going down the tubes.
I certainly didn't vote for him and I won't vote for his twin, John McShame.

NO to the bailout. No one is helping us little people pay the bills. No 700 million plus to rich cats with bad paper!

Sugar Land

don't allow the financial sector their outrageous interest!! That will stop this, or at least stem the flow, And get our jobs back here.

I am passing this on because if we have the money to bail a company out, we have the money to bail our fellow hard working Americans out as well. We constantly continue to send our jobs and money oversea's to other countries. Where is all the money we have sent to all of the other counties when they need it? I will say this, I am fortunate that I am not about to lose my house and I have a job. I am by no means wealthy or debt free. I would not turn this money down and I would reinvest it in our economy. I am not for this for the handout, but for the idea of turning our economy around. The idea of $600 helping, did not work. That money did nothing but help pay for gas and help the oil companies post a bigger profit or help people get caught up from falling behind with gas prices.

This idea sounds just crazy enough to possibly work, so naturally it won't be given serious consideration. How great is our bureaucracy!!

Hi Pals,

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 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 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

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 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 the 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.

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 its either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

According to the Tax Foundation, 135,660,228 tax returns were filed in 2006. So, if we pay $1 million to each person who filed a return, that's just under $136 million total…. a mere fraction of $700 billion. Make the payments by electronic transfer, which saves trees and helps banks. Taxpayers could then use their $1 million to pay off their mortgages, buy health insurance, send their kids to college without loans, and still have money to go shopping. Some might even add to their 401Ks or make even riskier investments on Wall Street. How's that for a plan that helps American citizens while greasing the wheels of our economy?
Crazy? Maybe. But not nearly as crazy as the "plan" to bail out Wall Street being debated on Capitol Hill.

Only Ron Paul told us that we were headed towards economic disaster. He predicted this a decade ago. In the republican debates he told of an impending collapse and was laughed at. At the same time, Bernanke, Bush, Paulson, and the rest of the dopes said the economy was great. At this point only Ron Paul should be trusted with our money. This is also in light of the fact that Paulson was the former head of Goldman which is in trouble, and 55 members of congress get most of their money from Goldman. Buffet also invested 5 billion in Goldman thinking congress would pass this thing so our taxpayer dollars can make him some money. Again only Ron Paul deserves our love.