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Post subject:
 Posted: Sep 29, 2008 - 08:10 PM
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Member
Joined: Oct 24, 2002
Posts: 8171
Location: CA
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Another Vid...from the SMART Everyday Woman...on the Bailout....
HERE |
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Post subject:
Posted: Sep 29, 2008 - 08:58 PM
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Member
Joined: Nov 12, 2004
Posts: 9206
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Post subject:
Posted: Oct 01, 2008 - 06:24 PM
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Member
Joined: Oct 24, 2002
Posts: 9000
Location: "It isn't that they can't see the solution. It is that they can't see the problem."~ G.K.C
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*Update*
McCain calls revamped bailout bill an improvement
Wednesday, October 01, 2008 3:41:57 PM
By SARA KUGLER
Republican presidential candidate John McCain said Wednesday the resurrected financial bailout bill isn't perfect but warned that the nation's financial crisis will become a full-fledged disaster if the plan fails.
In an economic speech Wednesday at the Truman Library and Museum, McCain said the original proposal that failed in the House was flawed because it did not contain taxpayer protections, limitations on executive compensation and sufficient protections for people's bank accounts.
"I am pleased that these are being added to improve the original bill," he said.
If the revised version, up for a vote in the Senate later Wednesday, were to fail, students won't be able to get college loans and families will have trouble buying new homes, he said. Car sales will take a hit and businesses will have difficulty paying employees and securing credit for operations, he said.
"If we fail to act, the gears of our economy will grind to a halt," McCain said.
McCain planned to return to Washington to vote on the bill, which adds substantial tax cuts meant to appeal to Republicans when it reaches the House. The modest changes include an increase on Federal Deposit Insurance Corp. caps for bank accounts from a limit of $100,000 to $250,000.
The FDIC change was a move that McCain and rival Democrat Barack Obama both called for on Tuesday. |
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Post subject:
Posted: Oct 01, 2008 - 08:48 PM
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Member
Joined: Mar 25, 2003
Posts: 7576
Location: 221B Baker Street London
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Democratic and Republican Senate leaders have appealed for a new version of a $700bn (£380bn) Wall Street bail-out to be approved in a key vote.
".The plan needs support in the Senate and House of Representatives, which rejected a similar bill on Monday.President George W Bush has been speaking to senators ahead of the vote. The White House said it hoped to see "strong support for the bill".
"It's critically important that we approve legislation this week and limit further damage to our economy," said spokesman Tony Fratto.US presidential hopefuls John McCain and Barack Obama are returning from their campaign trail for the vote, which is due to begin late on Wednesday.
To get through the Senate, the bill will require backing by 60 of the 100 senators. It would then return to the House of Representatives for a vote on Thursday or Friday.Some members of Congress, continue to press for more fundamental changes to the bill.President Bush has warned of "painful and lasting" consequences, for the US should Congress fail to agree a rescue plan.
CHANGES TO BILL
Raises government's guarantee on savings from $100,000 to $250,000
Tax breaks to help small businesses and promote renewable energy
Expansion of child tax credit and help for victims of recent hurricanes
http://news.bbc.co.uk/1/hi/world/americas/7645882.stm
Do you think the Bill will pass this time .? if not what are the implications, |
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Post subject:
Posted: Oct 01, 2008 - 08:54 PM
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Member
Joined: Oct 24, 2002
Posts: 8171
Location: CA
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Actually, the FDIC raised Insurance Coverage on a single Revocable Trust account to $100,000 per beneficiary, up to a maximum of five, for a total of $500,000 PER BANKING INSTITUTION. Everyone raise your hand if this is a major concern for the Everyday Person.....anyway, joking aside, this is ALREADY done by FDIC,though listed as no time restraint interum, without the Bailout Plan.
I'm REALLY and TRUTHFULLY NOT SURE what this proposed plan will do if passed...or what will occur if it isn't...longterm, because WE aren't given the right to see the proposal in it's entirity....we have to depend on the judgement of our Representatives...and I'm losing TRUST in them to think beyond their OWN affairs....  |
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Post subject:
Posted: Oct 17, 2008 - 04:32 AM
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Member
Joined: Oct 24, 2002
Posts: 8171
Location: CA
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THIS GUY MAY HAVE SOMETHING...
The Birk Economic Recovery Plan
Hi Pals,
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, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh...I feel so much better getting that off my chest.
Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic |
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Post subject:
Posted: Oct 17, 2008 - 05:51 PM
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Member
Joined: Mar 25, 2003
Posts: 7576
Location: 221B Baker Street London
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Your Tax Dollars hard at work,bailing out the banks..? |
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Johnny_Turbo |
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Post subject:
Posted: Oct 29, 2008 - 03:47 PM
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Member
Joined: Jan 14, 2003
Posts: 5592
Location: Chillville, PA
Status: Offline
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For what it's worth, if you haven't switched your 401-K or similar stock investments into something more secure, now may be the time before the market plummets again. I hope I'm wrong, but it looks like investors are taking advantage of the situation with the sudden surge of 889 points yesterday.
Take it out before the Dow plunges below 7000. Can we still blame Bush or do we blame Obama now?? |
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C'mon, The Tanner, check his I.D.
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Post subject:
Posted: Oct 29, 2008 - 04:10 PM
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Member
Joined: Sep 18, 2004
Posts: 5199
Location: standing here shaking my head in disbelief....
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| Johnny_Turbo wrote: | For what it's worth, if you haven't switched your 401-K or similar stock investments into something more secure, now may be the time before the market plummets again. I hope I'm wrong, but it looks like investors are taking advantage of the situation with the sudden surge of 889 points yesterday.
Take it out before the Dow plunges below 7000. Can we still blame Bush or do we blame Obama now?? |
If Obama gets in, I somehow feel obligated to blame him for everything. Isn't that what we've been trained to do?  Pancakes burn; Obama. Pantyhose run; Obama. Stub toe on nightstand; Obama. Yep, I kind of look forward to having someone to blame all the World's ills on besides Bush......  |
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When you try to make others look small, you only show how truly tiny your own spirit is.
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