What Caused Our Current Economic Crisis?

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Sep 272008
 

This is a good video that you should see if you want to understand what caused this current financial crisis. It is kind of like the “Economic Crisis for Dummies”.

Pass it on!

Burning Down The House: What Caused Our Economic Crisis?



A highly informative video that traced the cause of our current crisis that had its roots planted 12 years ago.

Sep 252008
 

I came across this on the Internet. It is not my plan, but it should be considered as a viable solution to restarting the American economy. Whoever created it deserves all the credit.


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 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.

Now this is a plan I can support.


Annual Dementia Test

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Sep 252008
 

It’s that time of year to take our Annual Dementia Test.

Exercise of the brain is as important as exercise of the muscles.
As we grow older, it’s important to keep mentally alert. If you don’t use
it, you lose it! Below is a very private way to gauge your loss or non-loss
of intelligence.

Take the test presented here to determine if you’re losing it or
not. The spaces below are so you don’t see the answers until you’ve made
your answer.

OK, relax, clear your mind and begin.

1. What do you put in a toaster?

Answer: “bread.” If you said “toast,” give up now and do something
else. Try not to hurt yourself. If you said, bread, go to Question 2.

2. Say “silk” five times. Now spell “silk.” What do cows drink?

Answer: Cows drink water. If you said “milk,” don’t attempt the
next question. Your brain is over-stressed and may even overheat. Content
yourself with reading a more appropriate literature such as Auto World.
However, if you said “water”, proceed to question 3.

3. If a red house is made from red bricks and a blue house is made
from blue bricks and a pink house is made from pink bricks and a black house
is made from black bricks, what is a green house made from?

Answer: Greenhouses are made from glass. If you said “green
bricks,” why the hell are you still reading these??? If you said “glass,”
go on to Question 4.

4. It’s twenty years ago, and a plane is flying at 20,000 feet over
Germany (If you will recall, Germany at the time was politically divided
into West Germany and East Germany.) Anyway, during the flight, two engines
fail. The pilot, realizing that the last remaining engine is also failing,
decides on a crash landing procedure. Unfortunately the engine fails before
he can do so and the plane fatally crashes smack in the middle of “no man’s
land” between East Germany and West Germany. Where would you bury the
survivors? East Germany, West Germany, or no man’s land”?

Answer: You don’t bury survivors. If you said ANYTHING else, you’re
a dunce and you must stop. If you said, “You don’t bury survivors”, proceed
to the next question.

5. Without using a calculator – You are driving a bus from London to
Milford Haven in Wales. In London, 17 people get on the bus. In Reading,
six people get off the bus and nine people get on. In Swindon, two people
get off and four get on. In Cardiff, 11 people get off and 16 people get
on. In Swansea, three people get off and five people get on . In
Carmathen, six people get off and three get on. You then arrive at Milford
Haven. What was the name of the bus driver?

Answer: Oh, for crying out loud! Don’t you remember your own name?
It was YOU!!

Now pass this link along to all your friends and pray they do better than you.

 Posted by at 6:09 pm  Tagged with:

Joke Of The Day

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Sep 242008
 

A man died and went to heaven. As he stood in front of St. Peter at the Pearly Gates, he saw a huge wall of clocks behind him.

He asked, “What are all those clocks?”

St. Peter answered, “Those are Lie-Clocks. Everyone on Earth has a Lie-Clock.

Every time you lie, the hands on your clock will move.”

“Oh,” said the man, “whose clock is that?”

“That’s Mother Teresa’s. The hands have never moved, indicating that she never told a lie.”

“Incredible,” said the man. “And whose clock is that one?”

St. Peter responded, “That’s Abraham Lincoln’s clock. The hands have moved twice, telling us that Abe told only two lies in his entire life.”

“Where’s Barack Obama’s clock?” asked the man.

“Obama’s clock is in Jesus’ office.

He’s using it as a ceiling fan.”