Americans: How does it make you feel that 700 billion dollars???

[Tipsy]

Thats the question for McDouche-Bag, if you want to oppose the bailout.. then what do you propose in it's place? We don't have much other choice.

Let the market correction take place rather than prolonging and worsening a bubble?

however I will say that if that money was used WISELY it will do a great deal of good.. but there is no way that will happen...

It's not possible to be used wisely - the idea of the bailout in and of itself isn't wise. We have a system right now where the Fed has a general policy ('The Greenspan Doctrine') and both parties pander to voters rather than listen to economics (they promote stimulus packages, bailouts, etc) that makes it so that firms don't feel the full risk of their actions (moral hazard) and that causes bubbles. You can give firms money to solidify them temporarily, but they will once again continue to profit maximize without feeling the full risk of their actions (because the conditions that created the moral hazard we are facing now will still exist) and it will cause another bubble down the road. You can only postpone it for so long and every time you do the correction that is going to take place at the end will be that much worse as the foundation of the economy becomes weaker and weaker.

 

[cellulariceteas]

no bailouts for failing companies.

 

[Sogeking]

well the main issue i hear about not doing a bailout is that the bond market gets fucked

 

[DB]

I made five grand from the stock market in two days. At least I'm doing good. Fuck others.

 

[Barney Stinson]

Dude, Stockmarket is cake if you get a smart investor. You can go from a few thousand to a few hundothousand in like a week if you play smart.

Something to wrap your minds around, if you're capable

I'm again​st the $​​85,​​000,​​000,​​000.​​00 bailo​ut of AIG.


Inste​ad,​​ I'm in favor​ of givin​g $​​85,​​000,​​000,​​000.​00 to all Ameri​cans as a "​Divid​end"​​.​


To make the math simpl​e,​​ let'​​s assum​e there​ are 200,​​000,​​000 bonaf​ide U.S. citiz​ens,​ 18+

Our popul​ation​ is about​ 301,​​000,​​000 +/- count​ing every​ man, woman​ and child​.​


So 200,​​000,​​000 might​ be a fair stab at adult​s 18 and up.​.​.​

Divid​e 200 milli​on adult​s 18+ into $85 billi​on and that equal​s to ​$​​425,​​000.​​00.​


My plan is to give $​​425,​​000 to every​ perso​n 18+ as a "​​Divid​end"​​

Of cours​e,​​ it would​ NOT be tax free.​​ So let'​​s assum​e a tax rate of 30%.


Every​ indiv​idual​ 18+ has to pay $​​127,​​500.​​00 in taxes​.​​ That sends​ $​25.​5 Billo​n right​ back to Uncle​ Sam.


But it means​ that every​ adult​ 18+ has $​​297,​​500.​​00 in their​ pocke​t.​


A husba​nd and wife have $​​595,​​000.​​00.​


What would​ you do with $​​297,​​500.​​00 to $​​595,​​000.​
00 in your famil​y?​​

Pay off your mortg​age - "​​housi​ng crisi​s solve​d"​​

Repay​ colle​ge loans​ - "a great​ boost​ to new grads​"​​

Put away money​ for colle​ge - "​​it'​​ll be there​"​​

Save it in a bank - "​​creat​e money​ to loan to entre​prene​urs"​​

Buy a new car - "​​creat​e jobs"​​

Inves​t in the marke​t - "​​capit​al drive​s growt​h"​​

Pay for your paren​t'​​s medic​al insur​ance = "​​healt​h care impro​ves"​​

Remem​ber this is for every​ adult​ U S Citiz​en 18+ inclu​ding the folks​ who lost their​ jobs at Lehma​n Broth​ers and every​ other​ compa​ny


If we'​​re going​ to re-​​distr​ibute​ wealt​h let'​​s reall​y do it.​​.​​.​


​inste​ad of trick​ling out

If we'​​re going​ to do an $85 billi​on bailo​ut,​​ let'​​s bail out every​ adult​ U S Citiz​en 18+

As for AIG - liqui​date it and Sell off its parts​.​


Sell off the real estat​e.​ Let the priva​te secto​r barga​in hunte​rs cut it up and clean​ it up.


And remem​ber,​​ this plan only reall​y costs​ $​59.​5 Billi​on becau​se $​​25.​​5 Billi​on is retur​ned insta​ntly in taxes​ to Uncle​ Sam.

 

[cellulariceteas]

I agree with what you posted mike. Let the companies fail and give us the money for the bailouts. We can re-invest it ourselves.

 

[Barney Stinson]

I never said I supported it or anything, it's just something someone sent me last night. Figured it roughly tied into this thread so I'll throw it out there.

 

[Sogeking]

I made five grand from the stock market in two days. At least I'm doing good. Fuck others.

i wanted to do that so bad. SO BAD but i dont have the cash

 

[x42bn6]

The US government stands to make quite a bit of money in the long-term with these new assets, which could end up benefiting the people in the long-term. Although I suppose that massive debt and trade deficit has to go first.

That said, it's either world economic collapse or bailout. The only winners here are the fat cats at the top of these collapsing banks with their nice payoffs.*

 

[ST]

You have an IP address from southern California, so shouldn't you be included?

It's fine by me. We fuck up collectively as a country more times than pretty much anywhere else, and we just about always seem to get ourselves out of it by ourselves. None of this "hey, we need help" from other countries, like pretty much every other country out there.

I didn't read the whole thread because your reply was stupid enough that it caused me to have to reply to it immediately, so I apologize if the following was already said.

Are you an idiot? (Obvious answer) The US is 7 trillion+ in debt.

 

[Wing Zero]

and we will get out of it one way or another. just expect a long road to recovery

 

[Barney Stinson]

I didn't read the whole thread because your reply was stupid enough that it caused me to have to reply to it immediately, so I apologize if the following was already said.

Are you an idiot? (Obvious answer) The US is 7 trillion+ in debt.

Dude we've been in piles of debt for centuraries now, it's just the ups and downs of the country. It's not like OMG WERE IN DEBT SO LETS GET RUSSIA TO MAKE US COMMYS or anything. All that's gonna happen is the economic structure is going to falter for a bit and get itself back on track in a year or two.

You guys act like this is the first time something big has happened money wise. Heres a thought, read up on your history.

 

[Sogeking]

so i've heard it that the debt isn't as big of an issue as everyone makes it out to be

 

[Uncle_Vanya]

Dude we've been in piles of debt for centuraries now, it's just the ups and downs of the country. It's not like OMG WERE IN DEBT SO LETS GET RUSSIA TO MAKE US COMMYS or anything. All that's gonna happen is the economic structure is going to falter for a bit and get itself back on track in a year or two.

You guys act like this is the first time something big has happened money wise. Heres a thought, read up on your history.

Eh...no, you haven't ever been in this much debt, and never has so much of your debt been owned by potentially unfriendly countries like China. Most importantly the countries that kept loaning you money that kept you going for the past decade have seemed to have stopped loaning you money, your economy as it is now can not survive without constantly borrowing more and more from other nations.

Btw, Russian government bailed out the Russian banks and the Russian stockmarket grew 30% the next day. Whatever that tells you.

 

[Barney Stinson]

Stockmarket heres gonna crash 1/3 in the upcomming week. So sell now.

 

[cellulariceteas]

The debt is a huge issue. The more debt we accrue the more taxes we pay for the interest of the debt.

 

[Lizardbreath]

And this bill was voted down and the Dow took a 700 pt hit which is the worst in history.

 

[Sogeking]

buybuybuybuy

 

[Tipsy]

You guys act like this is the first time something big has happened money wise. Heres a thought, read up on your history.

When exactly has the United States ever had a fed that follows such an expansionary monetary policy (such as contemporary fed under Greenspan + Bernanke) and such an expansionary fiscal policy (increase government spending to attempt to manipulate AD) with the guarantee to firms of the financial market that there will be an orderly financial market ("too big to fail" approach) all at the same time?

 

[ChrisH36]

Dude we've been in piles of debt for centuraries now, it's just the ups and downs of the country. It's not like OMG WERE IN DEBT SO LETS GET RUSSIA TO MAKE US COMMYS or anything. All that's gonna happen is the economic structure is going to falter for a bit and get itself back on track in a year or two.

You guys act like this is the first time something big has happened money wise. Heres a thought, read up on your history.

Every country is in debt, regardless.

I am amazed though that the Republicans were the ones who mostly voted against it. And the Democrats were for it. These results may impact your election.

Canada is also not really handling this too well. Mainly because we are the largest trader to the United States, in terms of resources. The federal election for us is the end of the month, and Harper/Dion are the only 2 leaders that feel this Stock Market problem needs to be resolved. Layton is an iffy.