The Wrong Week

The joys of being a small business owner - particularly in light of this financial crisis/panic/social engineering catastrophe.  I’m very thankful that it’s Friday.

Meantime - there are several comments I don’t have time to fully answer yet, but hope to tomorrow.  Steve, David, Independent - I’m talking to you - for now I will just say this; the CRA is decidedly NOT the free market, deregulation is NOT the problem, and Bill Ayers is a huge issue, no matter how much the media and the Obama camp (but I repeat myself) would like to make him disappear down the memory hole.  Graham Leach Bliley did not cause this financial crisis.  Barney Frank and Chuck Schumer are lying through their teeth, desperate to not be blamed for stopping legislation that could have lessened this crisis.

And then I got this email - hopefully it was intended to be a joke.  If not - good grief.  My response?

:-)To really save time, we can just each of us write a check for $425,000 made out to cash.  That’ll cut the administrative costs way down.

Here’s the email -

Subject: Bailout? Here’s a Better Plan
Date: Fri, 26 Sep 2008 17:24:19 +0000

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 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 US 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 “We Deserve It Dividend” more than the  geniuses at AIG or in Washington DC.

And  remember, The Family 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.

‘Poor People have been voting for Democrats for  the last 50 years, …and they are still  poor.’
(Charles Barkley)