and give congress time to do surgery on the whole system?

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

Hi,

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,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 billion that equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.

That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.

A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion

We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC

And remember, The Birk plan only really costs .5 Billion because .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

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

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,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 billion that equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.

That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.

A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 ( ‘vote buy’ ) economic incentive that is
being proposed
by one of our candidates for President.

If we’re going to do an 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 Billion

We Deserve It Dividend more than I do the geniuses at AIG or in Washington
DC

And remember, The Birk plan only really costs .5 Billion because .5
Billion is returned instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.
I got this emailed to me, I think everybody should email it to who ever they know

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,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 billion that
equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.

That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.

A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 (
"vote buy" ) economic incentive that is being
proposed
by one of our
candidates for President.

If we’re going to do an 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
Billion

We Deserve It Dividend more than I do the geniuses at AIG
or in Washington DC

And remember, The Birk plan only really costs .5 Billion
because .5 Billion is returned instantly in taxes to
Uncle Sam.
are you brainwashed? that is NOT government money… it is taxpayer money…

besides… that was a joke..in part

Here’s an idea for a "bailout"
I’m in favor of giving ,000,000,000 to America in a "We Deserve
It Dividend. "

To make the math simple, let’s assume there are 200,000,000 true 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 billion that equals 5,000.00.

The plan would be to give 5,000 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 7,500.00 in taxes. That sends
,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket. A husband and wife has 5,000.00.

What would you do with 7,500.00 t o 5,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Pay off your football pool debts
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 00.00 ( "vote buy" ) economic incentive that is
being proposed by one of our candidates for President.

If we’re going to do an 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 our 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 Billion We Deserve It Dividend more than I do the geniuses at AIG or in
Washington DC .

And remember, this plan only really costs .5 Billion because .5
Billion is returned instantly in taxes to Uncle Sam.

Interesting email:

I’m against the ,000,000,000.00 bailout of AIG.
> Instead, I’m in favor of giving ,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 billon that
> equals 5,000.00.
>
> My plan is to give 5,000 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 7,500.00 in taxes. That sends ,500,000,000
> right back to Uncle Sam. But it means that every adult 18+
> has 7,500.00 in their pocket. A husband and wife has
> 5,000.00. What would you do with 7,500.00 to
> 5,000.00 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 00.00 ( "vote buy" )
> economic incentive that is being proposed by one of our
> candidates for President.
>
> If we’re going to do an 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 Billion We
> Deserve It Dividend more than I do the geniuses at AIG or in
> Washington DC . And remember, The Birk plan only really
> costs .5 Billion because .5 Billion is returned
> instantly in taxes to Uncle Sam.

This is a little long, sorry, but I thought it was kinda funny how an "Average Joe" can make so much sense.

The Birk Economic Recovery Plan

Hi Pals,

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,000,000,000 to America in a ‘We Deserve It Dividend’.

To make the math simple, let’s assume there are 200,000,000 bon-a-fide 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 billon that equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes. That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket. A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion ‘We Deserve It Dividend’ more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs .5 Billion because .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 it’s either good for a laugh or a tear or a very sobering thought on how to best use Billion!!

[clue: Before you accuse "you people" of being illiterate, please check your grammar and punctuation first.]

This was meant as a joke; obviously I placed it in the wrong place. My appologies.
Sorry typo, I meant apologies.

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,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 ab out 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 billon that equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.

What would you do with 7,500.00 to 95,000.00 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 00.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs .5 Billion because .5 Billion is returned
instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

This is from an email I recieved…I wish I could take credit for this but I can’t…

I’m against the ,000,000,000.00 bailout of AIG. Instead, I’m in favor of giving ,000,000,000 to America in a Dividend! We Deserve It!

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 billon.
That equals 425,000.00.
My plan is to give 5,000 to every person 18+
Of course, it would NOT be tax free.
Let’s assume a tax rate of 30%.
Every individual 18+ has to pay 7,500.00 in taxes. That sends ,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.
What would you do with 7,500.00 to 5,000.00 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. 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 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General goback 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!! How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the Billion Dividend ! I do!
We Deserve It more than the geniuses at AIG or in Washington DC.
And remember, The Family plan only really costs
.5 Billion, because .5 Billion is returned instantly in taxes to Uncle Sam.
OMG! I was so excited about the idea that I never even thought to do any math and see if it was accurate! Thanks, Y’all!

Hold on….here it is.

I’m against the ,000,000,000..00 bailout of AIG.

Instead, I’m in favor of giving ,000,000,000 to
America in a We Deserve It Dividend.

To make the math simple, let’s assume there are
200,000,000 bona fide 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 billion that
equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam. But it
means that every adult 18+ has 7,500.00 in their pocket. A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 ( "vote buy" )
economic incentive that is being proposed by one of our candidates for President..

If we’re going to do an 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
Billion. We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC. And remember, The Buddy plan only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.

Ah…I feel so much better getting that off my chest

Please Read & Respond With Thoughts (AIG BAILOUT)
I wish we could put this idea to a vote… I think it would get strong bipartisan support…

Hi Everyone,

I’m against the ,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving ,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 billon that equals 5,000.00.
My plan is to give 5,000 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 7,500.00 in taxes. That sends ,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has 7,500.00 in their pocket. A husband and wife has 5,000.00.
What would you do with 7,500.00 to 5,000.00 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 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an 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
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 Billion "We Deserve It Dividend" more than do the geniuses at AIG or in Washington DC .
And remember, The Birk plan only really costs .5 Billion because .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 it’s either good for a laugh or a tear or a very sobering thought on how to best use Billion!!

>
>
> Here’s a plan to solve the current economic crisis, what do you
think?
>
> Here’s a plan lots of folks could get behind!!!
> ================================
> I’m against the BILLION bailout of AIG. Instead, I’m in
favor of
giving ,000,000,000 to America in a "We Deserve It" dividend. To
make the
math simple, let’s assume there are 200,000,000 bona fide U.S. Citizens,
aged 18+.
>
> Our population is about 301 million counting every man, woman and
child. So, 200,000,000 might be a fair stab at adults 18 and up. Now, divide
200 million, 18+ adults into billon – that equals 5,000.00 each!
Yes, my plan is to give that 5,000 to every adult as a "We Deserve
It"
dividend.
>
> Of course, it would NOT be tax free. So, let’s assume a tax rate
of
30%. Every recipient would pay 7,500.00 in taxes. That sends .5
billion right back to Uncle Sam! It also means that every adult 18+ has
7,500.00 in their pocket. A husband and wife would have 5,000.00!
>
> What would you do with 7,500.00 to 5, 000.00?
> . Pay off your mortgage – housing crisis solved
> . Repay college loans – what a great boost to new grads
> . Put away money for college – it’ll really 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 and older
(including the folks who lost their jobs at Lehmann 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 ,000 economic incentive.
>
> If we’re going to do an billion bailout, let’s bail out
every
adult U.S. Citizen!!
>
> 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.
>
> We deserve the money and AIG doesn’t. Sure it’s a crazy
idea, but
can you imagine the coast-to-coast block party?!
>
> How do you spell Economic Boom? W-e D-e-S-e-R-v-e I-t
d-I-v-I-d-e-n-d!
>
> I trust my fellow adult Americans to know how to use the Billion
"We Deserve It" dividend more than I do the geniuses at AIG or in
Washington, D.C.
>
> And remember, this plan only really costs .5 billion because
.5 billion is returned instantly in taxes to Uncle Sam.
>
>

Hi Folks,

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,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 billion that equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.

That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.

A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 ( ‘vote buy’ ) economic
incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Family plan only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

This was a "Joke" emailed around. Interesting how it was jumped on by "both sides.

my friend sent this to me…. sounds like a plan!

Sounds like a good plan to me!! Why can’t we do this ?

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,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 billon that equals 5,000.00.

My plan is to give 5,0 00 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 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 compan y
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 00.00 economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 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 Billion
We Deserve It Dividend more than the geniuses at AIG or in Washington DC .

And remember, The Family pla n only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

I got this plan from this site. I think the way it was presented as a questtion got it removed. It is wonderful and I need to find out how to get some politicians to read it. Here it is:
I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let’s assume there are 200,000,000bona fideU.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 billion that equals 5,000.00.
My plan is to give 5,000 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 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 ( ‘vote buy’ ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs .5 Billion because .5 Billion is returned
instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.
Additional Details

11 minutes ago
Now that the bailout package size 700 Billion think of the possibilities.

No need to py Russians or Chinese or Japanese.

How do I get it to a politician ?
Giving the money to AIG won’t cause inflation ?

A Friend of mine sent this:

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,000,000,000 to America in a We Deserve It Dividend.

To make the math simple, let’s assume there are 200,000,000bona fideU.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 billion that equals 5,000.00.
My plan is to give 5,000 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 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 ( ‘vote buy’ ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs .5 Billion because .5 Billion is returned
instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

Now that the bailout package size 700 Billion think of the possibilities.

No need to py Russians or Chinese or Japanese.

IT WORKS FOR ME! Where do we go to sign the Petition?????
I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,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.A 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 billon that equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 Lehmann 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 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.

And remember, The Birk plan only really costs .5 Billion because .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 Birkenmeier, A Creative Guy & Citizen of the Republic

I’m against the ,000,000,000.00 (BILLION) bailout of AIG.

Instead, I’m in favor of giving ,000,000,000 to American citizens 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 billion that equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.

That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.

A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion

We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.

I DID NOT COMPOSE THIS ! i only seen it and pasted it.
IT"S A JOKE you people, A JOKE !!!!

Now here’s a bail out plan that works!

I’m against the ,000,000,000 bailout of AIG.

Instead, I’m in favor of giving ,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 b e a fair stab at adults 18 and up.

So divide 200 million adults 18+ into billon that equals 5,000.00.

My plan is to give 5,000 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%.

Eve ry individual 18+ has to pay 7,500.00 in taxes.

That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.

A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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

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 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 a nd 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 Billion "We Deserve It Dividend" more than I do the geniuses at AIG or in Washington DC.

And remember, this plan only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.

Ahhh…I feel so much better getting that off my chest.

You don’t want to even hear what I think about the stupid mortgage companies that loaned out billions of dollars to people who they knew had no way of paying back the loans, with both sides of the equation interested in one thing…fast money.

But it didn’t work, and now we’re supposed to bail out those idiots too???

Kindest personal regards,

Fr. Dave Adams

—————————————-

Note: How is this any crazier than the plan already before congress?
BTW – I do realize this is a joke…
Like I said… I merely copied and pasted this without checking the math…

In the beginning of this week the government proposed the Private-Public Investment Plan that would potentially unfreeze credit markets by purchasing prominent banks toxic assets, or newly named "legacy assets". It will purchase legacy loans and legacy securities, both backed by real estate assets.

When the private investors and government purchase these toxic assets, what happens next? How are these establishments going to possibly profit from them? What will drive their price up or down?

I am sure it’s as simply as supply and demand, but how do these markets work?

Thank you in advance!
Brandon

I’m purchasing a car through an older gentleman this weekend. I am having my auto loan financed through my credit union, but the previous lien on the car is from a different bank. The title and loan for the car are actually in his son’s name, but his son had an accident in February and is brain-damaged for life. The man I’m purchasing the car from has power of attorney over his son to sell his real estate and property. What are the requirements for such a sale? What forms do I need? What should I know before going ahead with the sale? Can he transfer the title into his name without the loan being paid off?

Do you agree with this:

BUSH ADMINISTRATION responsible for 2008 FINANCIAL CRISIS

——————————————————————————–

I see a lot of politicians and forum members pointing fingers at who was responsible for the 2008 Financial Crisis we are currently experiencing.

The answer is really simple.

THE BUSH ADMINSTRATION!

Bush selected the Board of Governors at the Federal Reserve.

The Federal Reserve Governors are responsible for Banking Oversight.

The below quotes are found here:

Federal Reserve System – Wikipedia, the free encyclopedia

Quote:
Private banks elect members of the board of directors at their regional Federal Reserve Bank while the members of the Board of Governors are selected by the President of the United States and confirmed by the Senate.

Quote:
The Board of Governors is the part of the Federal Reserve System that is responsible for supervising the private banks. A general description of the types of regulation and supervision involved is given by the Federal Reserve:[11]
The Board also plays a major role in the supervision and regulation of the U.S. banking system. It has supervisory responsibilities for state-chartered banks that are members of the Federal Reserve System, bank holding companies (companies that control banks), the foreign activities of member banks, the U.S. activities of foreign banks, and Edge Act and agreement corporations (limited-purpose institutions that engage in a foreign banking business). The Board and, under delegated authority, the Federal Reserve Banks, supervise approximately 900 state member banks and 5,000 bank holding companies. Other federal agencies also serve as the primary federal supervisors of commercial banks; the Office of the Comptroller of the Currency supervises national banks, and the Federal Deposit Insurance Corporation supervises state banks that are not members of the Federal Reserve System. Some regulations issued by the Board apply to the entire banking industry, whereas others apply only to member banks, that is, state banks that have chosen to join the Federal Reserve System and national banks, which by law must be members of the System. The Board also issues regulations to carry out major federal laws governing consumer credit protection, such as the Truth in Lending, Equal Credit Opportunity, and Home Mortgage Disclosure Acts. Many of these consumer protection regulations apply to various lenders outside the banking industry as well as to banks. Members of the Board of Governors are in continual contact with other policy makers in government. They frequently testify before congressional committees on the economy, monetary policy, banking supervision and regulation, consumer credit protection, financial markets, and other matters. The Board has regular contact with members of the President’s Council of Economic Advisers and other key economic officials. The Chairman also meets from time to time with the President of the United States and has regular meetings with the Secretary of the Treasury. The Chairman has formal responsibilities in the international arena as well.

Quote:
Preventing asset bubbles

The board of directors of each Federal Reserve Bank District also have regulatory and supervisory responsibilities. For example, a member bank (private bank) is not permitted to give out too many loans to people who cannot pay them back. This is because too many defaults on loans will lead to a bank run. If the board of directors has judged that a member bank is performing or behaving poorly, it will report this to the Board of Governors. This policy is described in United States Code, Title 12, Chapter 3, subchapter 7, section 301:[23]
Each Federal reserve bank shall keep itself informed of the general character and amount of the loans and investments of its member banks with a view to ascertaining whether undue use is being made of bank credit for the speculative carrying of or trading in securities, real estate, or commodities, or for any other purpose inconsistent with the maintenance of sound credit conditions; and, in determining whether to grant or refuse advances, rediscounts, or other credit accommodations, the Federal reserve bank shall give consideration to such information. The chairman of the Federal reserve bank shall report to the Board of Governors of the Federal Reserve System any such undue use of bank credit by any member bank, together with his recommendation. Whenever, in the judgment of the Board of Governors of the Federal Reserve System, any member bank is making such undue use of bank credit, the Board may, in its discretion, after reasonable notice and an opportunity for a hearing, suspend such bank from the use of the credit facilities of the Federal Reserve System and may terminate such suspension or may renew it from time to time.

To me, it looks like the oversight LAWS WERE IN PLACE, and the Federal Reserve Governo
If Bush hadn’t let gas prices get so out of hand we would all have 0-0 more to spend each month to stimulate the economy.
You guys are blaming Clinton? He left us with a surplus. Bush will leave us with the biggest deficit we’ve ever seen. Bush spent all our money and robbed us blind at the pump.

Hi, I have heard of a "Personal finance Advisor" since I need help obtaining information on different loan "Opportunities" And help chosing a lender. [ I need something like the services of a "real-estate" agent but for loan information] Where can I find one ?? [ private]
I am in california [ southeren]

should we do to protect our savings?

http://www.the7thfire.com/Politics%20and%20History/Federal-Reserve.html

The whole house of cards, it’s impossible to stay up…there’s not even enough currency in flow to cover bank deposits…..what should we do?

Buy real estate? Invest in foreign currency?

The so-called "credit crisis" is gaining momentum. Investors increasingly question the solidity of the banking system, as evidenced by banks’ tumbling stock prices and rising funding costs. With bank credit supply expected to tighten, the profit outlook for the corporate sector, which has benefited greatly from "easy credit" conditions, deteriorates, pushing firms’ market valuations lower. In fact, peoples’ optimism has given way to fears of job losses and recession on a global scale.

Free market advocates, however, should not get carried away by the price action in the market place. In a free market, there is nothing wrong with individuals reassessing hitherto held expectations, entailing changes in relative prices. A free market is a discovery process, based on trial and error. Usually the effects of errors made by some are compensated for by the gains of successful decisions taken by others, and the economy expands.

Sometimes, however, the effects of errors dominate, and the economy experiences what people call a crisis: income growth is (feared to be) lower than what people think it should, and could, be. In that sense a crisis is a correction of bad decisions. It is an indispensable part of the free market. It pushes those producers out of business who do not satisfy the needs of their clients, and it rewards those who serve their customers well.

A crisis must be feared, however, if it has been caused by government action, and if the obvious signs of the crisis provoke ever greater doses of government intervention. In this case, the market would be prevented from doing its job properly. Bad decisions would be perpetuated, and the ultimate crisis may become nasty.

Diagnosing the Causes of the Crisis

It is against this background that one may wish to review the US central bank’s series of rate cuts, the latest being a big 75-basis-points rate slash on January 22, 2008, which brought the official Fed Funds Target Rate to 3.5%.[1] While the Fed’s moves were mostly hailed in public as appropriate measures to help the economy avoid recession, Austrian economists hold a completely different view.

According to the Austrian Monetary Theory of the Trade Cycle it is the government-run money-supply monopoly that has not only caused the crisis; the theory also diagnoses that rate cuts will not solve the crisis, but will make it even worse.

Central banks, the government agents holding the power over the printing press, pursue a monetary policy of "interest rate steering" or, in other words, pushing the interest rate down as much as possible by relentlessly increasing credit and money supply. It is this inflationary monetary policy that causes trouble.

Ludwig von Mises pointed out that

today credit expansion is exclusively a government practice. As far as private banks and bankers are instrumental in issuing fiduciary media, their role is merely ancillary and concerns only technicalities. The governments alone direct the course of affairs. They have attained full supremacy in all matters concerning the size of circulation credit. While the size of the credit expansion that private banks and bankers are able to engineer on an unhampered market is strictly limited, the governments aim at the greatest possible amount of credit expansion.[2]

Initially, the artificial lowering of the interest rate creates an illusion of richness and affluence. The increase in the money stock via bank credit expansion erroneously suggests that the supply of savings increases. Investment picks up, and the economy expands. The illusion of plentiful resources leads to malinvestment, and sooner or later the boom turns into a bust. While the money-fueled expansion is a manifestation of the crisis, it is actually the slump — the correction of malinvestment — that people complain about.

The alleged fight against the crisis

Once a crisis unfolds, central banks are called upon to lower interest rates — in ignorance of the fact that a monetary policy of pushing down the interest rate has caused the misery in the first place. Cheaper borrowing costs, it is believed, would revive the economy by stimulating investment and consumption, thereby adding to output and employment. Lower interest rates would raise the prices of stocks, bonds, and housing, translating into "wealth effects" which in turn strengthen demand.

The obsession with a policy of lowering the interest rate is rooted in a deep-seated ideological aversion against the interest rate. It is a destructive ideology, in particular if the government is in charge of the money supply. Because then the government central bank will lower the interest rate to whatever is deemed appropriate from the viewpoint of the government, pressure groups, and vested interest.

However, the interest rate is a reflection of peoples’ "time preference": because of scarcity, people value goods and services available today ("present goods") more highly than goods and services available at a later point in time ("future goods").[3] This is why present goods trade at a premium over future goods. That premium is the interest rate, or the "time preference rate." The interest rate is a free-market phenomenon.

A policy of suppressing the market interest rate through a government-sponsored credit expansion, Mises noted, is a policy against the free market:

Credit expansion is the governments’ foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.[4]

Causing Inflation

A monetary policy of lowering the interest rate via expanding credit and money corresponds to the widely held view that "some inflation" is a requisite for economic expansion. In fact, the "inflation bias" has become so widespread that nowadays inflation (the rise in the money supply) is much less feared than deflation (the decline in the money supply).

Mises was aware of what happens once the inevitable crisis caused by a manipulation of the interest rate unfolds: "In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils inflation and credit expansion have brought about."[5]

The current credit crisis is a sad case in point: with monetary policy having caused inflation and malinvestment, it is now called upon to pursue a policy that leads to even more inflation and malinvestment.

Could monetary policy become "ineffective," that is, could it fail to create inflation? For instance, the Bank of Japan’s rate cuts around the beginning of the 1990s — as a reaction to falling asset prices and a growing volume of bad loans in banks’ portfolio — did not succeed in bringing credit and money growth rates back to precrisis levels. Even with official rates at virtually zero, the economy remained in stagnation and the Japanese stock market continued to decline.

Against the backdrop of the Japanese experience it should be noted that there is no limit to central-bank money printing. Central banks can, at any one time, buy any assets from banks and nonbanks such as bonds, real estate, foreign currencies, etc. If a central bank buys, say, debt from the corporate sector, it increases the money stock in the hands of nonbanks directly; the commercial banking sector is not needed for increasing the money supply.

Central banks’ unlimited power over the money supply has been made pretty clear by the chairman of the US Federal Reserve, Ben S. Bernanke, in November 2002:

[T]he U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.[6]

So if the government is determined to create inflation, there should be hardly any doubt that there will be inflation. The Fed’s series of rate cuts suggests that the bank tries to create additional credit and money via lowering the interest rate on base money. But if such action fails to yield inflation, it does not take much to expect that the central bank may take recourse to less "regular" operations, if and when such an inflation policy is deemed necessary to solve the credit crisis.

So far, at least, US bank credit and money supply growth has remained at a very high level. In December 2007, banks’ commercial and industrial loans grew at 10.9% y/y, and total bank loans and leases were up 10.8% y/y. Real estate loans — most likely as a consequence of the defaults in the subprime markets — slowed down somewhat, but were still running at 6.3% y/y. Against this background the Fed rate cuts should actually accelerate the erosion of the exchange value of money further.

Threatening Freedom

Inflation is a societal evil. It redistributes real wealth from creditors to debtors. It impairs the role of money as a means of exchange. The efficiency of the market’s price mechanism is greatly reduced, encouraging bad decisions, which in turn harm peoples’ economic well-being. At the end of the day, inflation is a serious threat to freedom. The majority of the people, suffering badly from inflation, would most likely blame the free market for their plight, rather than blame the central bank for the debasing of the currency.

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Mises noted:

Nothing harmed the cause of liberalism more than the almost regular return of feverish booms and of the dramatic breakdown of bull markets followed by lingering slumps. Public opinion has become convinced that such happenings are inevitable in the unhampered market economy. People did not conceive that what they lamented was the necessary outcome of policies directed toward a lowering of the rate of interest by means of credit expansion. They stubbornly kept to these policies and tried in vain to fight their undesired consequences by more and more government interference.[7]

From the Austrian viewpoint, the current credit crisis appears to be a precursor of great inflation. If a deliberate policy of great inflation is chosen in the United States, a monetary policy of debasing the currency would most likely also take hold in other currency areas of the world. The credit crisis has become a threat to the free societal order: as people become dispirited with the free market order, the door would be pushed open for anti–free market policies.

————————————–…

Thorsten Polleit is Honorary Professor at the Frankfurt School of Finance & Management. Send him mail. See his archive. Comment on the blog.

Notes

[1] The FOMC rate cut was made "in view of a weakening of the economic outlook and increasing downside risks to growth. While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households." US Federal Reserve, Press Release, 22 January 2008.

[2] Mises, L. v. (1996), Human Action, p. 794.

[3] For the explanation of the Austrian theory of the interest rate, see Rothbard, M.N. (1993), Man, Economy, and State: A Treatise on Economic Principles, pp. 31
1 day ago – 2 days left to answer.

I’m looking for the best lender for Hard Money Loans or Private Money Loans.

I’m a real estate investor and I’ve found a few banks that have decent programs, but I’m tired of dealing with Shady loan officers.

"Federal Deposit Insurance Corp. Chairman Sheila Bair said she expects her agency will finance as much as 0 billion in purchases of residential and commercial real estate loans."

I’m sorry, can some other please read this news story from yesterday very, very, very carefully, and tell me, does it or does it not explain that a private investor can put up 00 and acquire 0,000 worth of real estate with the government matching 00 and loaning ,000 from the FDIC?

http://news.yahoo.com/s/ap/20090324/ap_on_go_ca_st_pe/bank_rescue_88

So, for ,000, a private investor can acquire a 0,000 property, forget the ,000 matching grant, and slowly repay the government 2,000?

What happens if that investor defaults? Who covers the loan payments to the FDIC so that it will stay solvent?

Since when does the FDIC make billions in loans?

The last I read about the FDIC a few months ago said it did not have enough money then to cover everyone’s deposits if the banks all collapse.

Why then would it be tapped to send 0 billion out its doors on a dubious economic rescue plan with full understanding that the whole plan is a risk and may fail?

The rich bankers will get their money from the government loans as speculators and the naive rush to get these properties that they won’t be ablle to make money off of in this economy — lol, the banks cannot make money off of them, by what magic will the private investor using government money to get them from the banks be able to make money off them?

So, the banks and those who own them will be held up for awhile, but when the problem behind this economic mess is not truly addressed, they will run the risk of failing again and there will be no money in the FDIC to cover the consumer’s deposits? But the rich will have their money, courtesy of 0 billion from the FDIC?

Oh my.

Is that what is happening here?

In the beginning of this week the government proposed a plan that would potentially unfreeze credit markets by purchasing prominent banks toxic assets, or newly named "legacy assets". It will purchase legacy loans and legacy securities, both backed by real estate assets.

When the private investors and government purchase these toxic assets, what happens next? How are these establishments going to possibly profit from them? What will drive their price up or down?

I am sure it’s as simply as supply and demand, but how do these markets work?

Thank you in advance!
Brandon
anybody???……..

Don’t know who came up with it….But I like IT!

I’m against the ,000,000,000.00 bailout of AIG.

Instead, I’m in favor of giving ,000,000,000 to America in a
We Deserve It Dividend .

To make the math simple, let’s assume there are 200,000,000
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 billon that equals 5,000.00.

My plan is to give 5,000 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 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has 7,500.00 in their pocket.
A husband and wife has 5,000.00.

What would you do with 7,500.00 to 5,000.00 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 US Citizen 18 + including the folks
who lost their jobs at Lehmann 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 00.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we’re going to do an 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 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, This plan only really costs .5 Billion because .5 Billion is returned
instantly in taxes to Uncle Sam.
PS: Feel free to pass this along to your pals as it’s either good for a laugh
or a tear or a very sobering thought on how to best use Billion!!

I sent K to McGee Investment Group in NC last March 2008 to invest on an East Plaza Development project in Kansas City, MO.

Here is what happened -

1.) McGee received my K
2.) McGee said he gave the K to the builder of the property in MO. (The plan was for me to receive 00/mo for two years plus the principle investment of K at the end of two years.)
3.) Two months later, Thomas McGee said there was a problem with the builder in MO.
4.) I sent numerous emails (for weeks) requesting information about the reason they had a problem in details.
5.) Finally, Thomas McGee said he had a private holding company (He will not tell me the name of the holding company) to buy me (investors of East Plaza development) out. He said he got the report from the holding company.
6.) Without any solid information or report, Thomas said the holding company offered me K to buy me out plus K at the end of two years after the project is completed in MO.
7.) I waited for months and sent emails and emails requesting him to send us the report. He gave me some bullshit stories like "My computer crashed", "I completely forgot", and "The report was sent" and I never got any report and the later he said "it must be lost in the PO".
8.) Finally, we had enough and demanded K to be sent back to us. He said he would do that.
9.) Thomas changed stories like "due to the bad economy, we have to close all my properties in order to pay all of my investors including you"
10) This month (Nov), he said he has been sending checks and transferred funds to my investors all week and let me see where we stopped today where you money is located"
11.) I told him "I can have to talk to my attorney about this and he said "he would be welcomed to have your attorney to talk to my legal council about this".

This whole thing forced me to work second job to pay for the K loan. I had a difficult finding attorney who will take action against them in NC from Dallas where I live.

Any advice what I need to do first? We REALLY need the K back!

Thank you!