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Bailout Alternative???

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Vladimir Eugene

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I keep hearing if the 700 Billion bailout doesn't go through

1. The Credit market would freeze up, no more lending- or difficulty lending,

2. that would lead to loss of jobs,

3. foreclosures, and

4. no economic growth and financial system collapse.

A some are concerned that this 700 billion might not work and the economy can still plummet.

No loans, job-loss, foreclosures, no economic growth.

It would seem to me that to stimulate the economy directly and to extend credit participation- a 25K credit to every citizen and resident over 18 would cost less than 50 Billion and would directly stimulate the economy

What are your Alternative Plans for the Bailout? Do you think it's necessary? I'm also interested in hearing international opinion that can see the situation in the US from a different prospective.

vlad
 
I think they should spend the 700 Billion on anything green in the USA.

Companies with alternative energy products will create more jobs with the money in order to scale up the production and lower the cost of their products.

Grants and tax breaks for businesses and individuals to purchase these new american-made products.

Build some kind of infrastructure to support the new technology. Nobody wants to buy a car that runs on hydrogen if there is nowhere to fill up. Kind of like the chicken and the egg.
 
Building windmills sounds great to me!

Graeme
 
Vladimir Eugene said:
I keep hearing if the 700 Billion bailout doesn't go through

1. The Credit market would freeze up, no more lending- or difficulty lending,

2. that would lead to loss of jobs,

3. foreclosures, and

4. no economic growth and financial system collapse.

A some are concerned that this 700 billion might not work and the economy can still plummet.

No loans, job-loss, foreclosures, no economic growth.

It would seem to me that to stimulate the economy directly and to extend credit participation- a 25K credit to every citizen and resident over 18 would cost less than 50 Billion and would directly stimulate the economy

What are your Alternative Plans for the Bailout? Do you think it's necessary? I'm also interested in hearing international opinion that can see the situation in the US from a different prospective.

vlad
Click to expand...


Hmm...I'm not used to doing big math like that, but I think your numbers are off my miles. I calculate 200 million people would only get around $3,000 back if you gave out the ENTIRE 750 billion dollars. This is not even close to the number you are saying...but I could be off. too many zero's for me...
 
Ever since the Federal Reserve has been ingrained into this country it has sought to bring it down. They have to make everything so bad that most of the sheep will be begging for the North American Union. This is all history repeating its self and the process of getting rid of any competition to the Federal Reserve. Then next thing that's going to happen just like in 1933 is the seizing of all the privately owned gold.
 
Kevin Wild said:
Hmm...I'm not used to doing big math like that, but I think your numbers are off my miles. I calculate 200 million people would only get around $3,000 back if you gave out the ENTIRE 750 billion dollars. This is not even close to the number you are saying...but I could be off. too many zero's for me...
Click to expand...

Spend a 100 billion on increasing math comprehension.
 
An international perspective:

Germany is has a third of the US-population, Germans are not poor either. If our gouverment would tell us taxpayers to spend 200 billion USD to support German banks we (the tax payers, political oposition, who ever) would never let them do this. Actually, they would never ask for such a unreasonable amount of money. Sounds like a big deception - there must be much more into it.

Expecially the fast aspired transaction and the consequential super-power of the financial minister (who needs many private executives to dispose such a big sum) would make everyone distrustful.

In this issue one cannot be suspicious enough.

For many who can barely pay their mortgage the goverments request is even more absurd. It's very bad for a democracy if people get tought the hardway that the very rich can get away with their mismanagement while the average pap and mom bite the dust. And this is not the self healing power of capitalism but just stupid, normal inequity.

Obviously free floating financial markets are not the perfect happy-maker. A new legal approach is neccessary.

This US goverment is very unhappy to say the least. They screwed up a lot of things which all affected us in Europe as well. And no, this is not 9/11 this is by the goverment tolerated self-enrichment that now becomes obvoius. Time for a change.

Hans
 
If nothing is being done to buy and give a value to non-performing mortgages out there - who know how much, the market will continue to spiral down and more banks will be bankrupted as nobody know what the bottom is. If the politicians in Washington still do what they best do - politicking and not act now - as Buffet said it is Pearl Harbor again - God Bless not only America but the economies worldwide - Lim
 
facetmedia said:
Spend a 100 billion on increasing math comprehension.
Click to expand...

Do you get different numbers?

I've seen posts like Vlad's all over the place. I got an email yesterday that said the 700 billion could instead put $250,000 in every American's pocket. It was ridiculous!

So...where are my numbers wrong?

700,000,000,000/300,000,000=$2,333 per citizen (edited to 300m...for every citizen...typo)

Am I off?
 
its not as much about stimulating the economy as it is about fixing the mess created my lending money to unqualified home purchasers (to simplify the problem). If all these large institutions fold due to their greed we all lose, so its really not as simple as just stimulating the economy.
 
Kevin Wild said:
Hmm...I'm not used to doing big math like that, but I think your numbers are off my miles. I calculate 200 million people would only get around $3,000 back if you gave out the ENTIRE 750 billion dollars. This is not even close to the number you are saying...but I could be off. too many zero's for me...
Click to expand...
You are correct. $700 Billion split between 200 Million US adults 18+ translates to roughly $3500 per person.

Hey, that's the price of a Scarlet right there!
 
why would anyone trust..........

why would anyone trust..........

the bush administration to do anything worthwhile in their last (finally) few months considering all the disastrous decisions made in the last eight years. The fact that we are in this mess in the first place can be squarely put at their feet to begin with. Does anyone remember how they started with a 300 billion surplus. Deregulation has been the mantra of the republicans for so long - see where this has gotten us now? Their incompetence is truly staggering. BTW McCain until recently has been one of the more vocal proponents of deregulation himself. VOTE OBAMA!!!!!!!!
 
Mein Führ-, sorry Mr. President, I have a plan!

Mein Führ-, sorry Mr. President, I have a plan!

1. The Fed takes over ownership of the commercial paper as originally planned.

2. A constitutional amendment eliminating the income tax - both individual and corporate.

3. Impose in it's place a 17.5% consumption tax, with a Pre-Bate, as per the "Fair Tax". This tax is not imposed on the sale of used equipment or other items were the tax was paid by the original purchaser (in other words, it's not a VAT style tax, just a plain sales tax). Those living at or below the poverty level pay 0% tax. The gasoline tax is eliminated, and replaced with the 17.5% tax

4. Increase customs tariffs on foreign goods coming from countries with unfair trade practices (such as China refusing to allow their currency to float).

5. The economy booms. A massive inflow of capital owned by US corporations but held overseas, begins to flow into the U.S. almost immediately following the elimination of the income tax. This stabilizes the banking system. The US Dollar returns to parity with the E.U. Euro. This reduces gasoline prices by 33%.

6. Former IRS employees are still have their jobs - they either administer the consumption tax collected by the states, or they work collections on the commercial paper owned by the Fed.

7. Tax revenue is greatly increased because now the "underground economy", people living off their wealth, and illegal aliens are all contributing.

8. Small business owners have a lot more time to attend to business instead of having to track every transaction and spend hours complying with the tax code. States with income tax begin eliminating it because they are at a competitive disadvantage against states with no income tax.

9. Manufacturing in USA becomes more profitable because the producer of goods pays no tax. Exports greatly increase and the trade deficit is reduced.

10. We live happily ever after, in peace and freedom from fear, and the purity of our natural fluids...

...sorry couldn't resist that last one!

Doktor Merkwurdigliebe
 
What gets me is the outlandish salaries these bank executives have been on for years, and the huge bonuses they get paid even when the company does poorly. Then when the day of reckoning comes, who has to stump up to bail them out - mom 'n' pop taxpayers. All the while the execs keep their mansions and luxury yachts. If mine, or most of the other production companies on these boards were at risk of going under, there's no help for us - we just disappear into the ether. I just see this as a desperate move by politicians to prop up the prices of the shares they own.
 
Drew599 said:
Ever since the Federal Reserve has been ingrained into this country it has sought to bring it down. They have to make everything so bad that most of the sheep will be begging for the North American Union. This is all history repeating its self and the process of getting rid of any competition to the Federal Reserve. Then next thing that's going to happen just like in 1933 is the seizing of all the privately owned gold.
Click to expand...

The Federal Reserve debasing our Dollar, keeping interest rates ridiculously low (causing unwise lending), plus out-of-control federal spending are to blame for our mess - not to mention a lack of common-sense regulation. We are spending ourselves into oblivion, literally.

Here's my solution:

Shut down the federal reserve.

Cut spending.

Start paying off our 10 trillion dollar national debt.
 
Tom said:
The Federal Reserve debasing our Dollar, keeping interest rates ridiculously low (causing unwise lending), plus out-of-control federal spending are to blame for our mess - not to mention a lack of common-sense regulation. We are spending ourselves into oblivion, literally.

Here's my solution:

Shut down the federal reserve.

Cut spending.

Start paying off our 10 trillion dollar national debt.
Click to expand...

I totally agree in shutting down the FED but the problem is we can't. Well at least with any legal means. With nothing short of burning those people at the steak is the only way to shut it down...and I mean literally burning them at the steak...no jail time, no multi-million dollar retirement. People need to be shown that destroying our way of life is not something to be taken lightly.
 
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