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!
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.
Well the Democrats continue to screw the American people. As usual, under the cover of darkness, they passed their “Hoax” Energy Bill (H.R. 6899). The bill passed 236-189 despite the objections of Republicans who said it would do little to boost offshore oil and gas production.
These corrupt a$$holes want to open up the strategic reserve, stating that it will cause speculators to drive down prices, but refuse to allow drilling for the exact same reason. Obviously Nancy Pelosi and the Democrats are banking on the idea that the American electorate is stupid. This can only lower their 9 percent approval rating and I think they are in for a big surprise in November. At least I hope so!
This may well die in the Senate. If that is not the case, President Bush, who recently lifted the executive order ban on drilling, may well veto it or refuse to sign it. Lets hope to God that is the case.
Here is the roll call vote.
Another Sham “No-Energy” Energy Bill
Highlights of the Democrat Energy Bill (H.R.6899):
· Implements vast restrictions on energy drilling on the Outer Continental Shelf (OCS) compared to what would otherwise be allowed if the current moratorium on OCS energy development were allowed to expire on October 1, 2008.
· Provides states no incentive to allow for the expanded OCS drilling. That is, states would not get revenue shares in any of the newly leased areas.
· Repeals the moratorium on oil shale on federal lands, but prohibits any actual oil shale leasing unless a state allows it via state law. Allowing the current moratorium to simply expire in two weeks would allow for oil shale leasing on federal lands without state approvals.
· Releases 70 million barrels from the Strategic Petroleum Reserve (SPR) and provides for a subsequent replenishment with a less desirable grade of oil.
· Authorizes $1.7 billion taxpayer dollars to subsidize public transportation ridership already at record levels.
· Includes a requirement, commonly known as the Renewable Portfolio Standard or the Renewable Electricity Standard, that electric suppliers, other than governmental entities and rural electric cooperatives, provide 2.75% of their electricity using renewable energy resources by the year 2010—and increasing incrementally to 15% by the year 2020.
· Directs Fannie Mae and Freddie Mac to develop loan products and flexible underwriting guidelines to facilitate a secondary market for energy-efficient and location-efficient mortgages on housing for low and moderate income families—and for second and junior mortgages made for the purposes of energy efficiency or renewable energy improvements.
· Mandates gas stations owned by larger oil and gas companies to install at least one alternative fuel pump (natural gas, E-85, biodiesel, or hydrogen) by 2018.
· Includes the Charlie Rangel transportation earmark for New York by terminating the remaining portions of the New York Liberty Zone tax incentives program (implemented to encourage business investment in lower Manhattan).
· Includes several tax increases—primarily the special carve-out of large (and foreign-government-owned) oil and gas producers from the domestic manufacturing tax deduction, the freeze of this tax deduction for all other oil and gas companies, and a restriction of how foreign oil and gas extraction income is determined for purposes of the foreign income tax credit. The bill also includes a PAYGO gimmick that will force energy companies to remit $3 billion in estimated taxes in FY2013 sooner than they otherwise would have to.
What isn’t in the bill:
· Litigation reform, so that American energy exploration and development, including that authorized by this legislation, is not further halted by environmentalist lawsuits.
· Allowing energy exploration and development in the Arctic National Wildlife Refuge (ANWR).
· Expedited petroleum refinery permitting.
· Expedited nuclear reactor permitting.
· There is also no language regarding futures markets speculation.
Can you guess the reason? How about high gas prices?
Nancy “Nine Percent” Pelosi shuts down Congress and skips town without passing an energy bill. Now the Democrats are pushing for a four day work week for gas relief for themselves and federal employees, even though they refuse to do anything to provide relief for ordinary Americans. Amazing!
Hoyer Advocates for a Four-Day Work Week
House Majority Leader Steny H. Hoyer (D-Md.) is pushing a work week of four, 10-hour days for federal employees.
In a letter, released this week, to the Office of Personnel Management, he asked the agency to “undertake comprehensive analysis of the transitioning to a 4-day work week for all possible federal employees and inform me by August 31, of any additional actions Congress would need to take to implement such a policy by the end of fiscal year 2008.”
Hoyer acknowledged that federal agencies and departments “already have discretion to implement alternative work schedules.”
That discretion is underlined by an OPM document, “Negotiating Flexible and Compressed Work Schedules,” which says a 1982 law “authorizes a versatile and innovative work scheduling program for use in the Federal Government.”
The document says “many management officials are finding that the use of flexible and compressed work schedules can help resolve a number of personnel problems.” Those problems include employees with dependent-care responsibilities.
The high cost of fuel makes the four-day week all the more important, Hoyer’s letter said. “In these times of high gasoline prices, I believe the federal government should do all it can to ensure that federal agencies and departments are appropriately reducing gasoline consumption. This goal can be accomplished with the adoption of personnel policies to limit unnecessary commuting.”
If your sick and tired of paying an arm and a leg for gas then please call Nancy “Nine Percent” Pelosi at (202) 225-4965 and ask her to return the House to session NOW to consider serious energy legislation that not only pursues a greater investment in renewable energies and technologies, but also provides for increased domestic drilling in the Outer Continental Shelf (OCS), the oil shale areas, and the 10-02 Area of ANWR.
Feel free to pass her number on to everyone you know.