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Aig - Politics, Business, Civil, History - Posted: 26th Sep, 2008 - 2:35pm
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Another US Government Takeover
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Aig
The US is starting to remind me of what socialist governments tend to do... take over the major players in society and tell them how it is to be run, but how many more will they rescue?
International Level: International Guru / Political Participation: 3231 
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Post Date: 17th Sep, 2008 - 1:36am / Post ID: #
Aig History & Civil Business Politics
I believe that the government is going to take over everything and try to centralize all of our worth. And I am not alone in this belief, but there are very few that believe this. I started seeing a lot of this a year ago, because I live here. I have told people and told them and they still don't believe it. People in my family said I was nuts, but it is all coming true. We are no better than the communists now. We are to concerned with the Football games and American Idol.
This is exactly the kind of thing our founding Fathers warned us about.
Now I can take my foil hat off.
Aig
What I dont get is who gets saved and who is let to die? AIG gets a bailout. Bear Stearns gets a bailout. Lehman is told...SORRY bout your luck. Merrill Lynch...no bailout, but gets bought. Washington Mutual? I would say that it should be odd to see a S&L here, but it really isnt...remember the 80's and deregulation. However, they are told there is no money for them so get dealing...
I have actually said for a long time that the US is more like a Democratic Socialist Republic. For a long time, there have been treads of Socialism throughout the US governing body. They deepen with each economic/international crisis that the US enters.
Big difference between this and what a socialist government does is that they just take it over...that is the bailout. No Cash...just new management ala the Sulfur KING...Hugo Chavez!
All I can say is that if you think that the current CEO's and exec boards have done a poor job of managing their affairs, just WAIT until you can see what impressive heights of malpractice our own government can make of the market. The amounts of the bailouts will be off by about 40% when all the accounting is said and done because of missappropriations, massive golden parachutes and basic theft. Look at the S&L crisis.
I would upgrade the foil hat to gold leaf. It holds its value much longer!
International Level: International Guru / Political Participation: 863 86.3%
Aig
Someone sent me this in the mail today...thought I would share it here:
| QUOTE |
| > Now THIS is the kind of thinking we need in Washington! > > > > Subject: The Birk Economic Recovery Plan > > > 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 e > very 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. |
I kinda like it! Sign me up!
International Level: International Guru / Political Participation: 863 86.3%
Aig
I got that same email...twice! Looks like were not alone!
I am nervous about the way things are going. I try to think what my family will need so I can be prepared but I am just kind of lost. I wish I understood economics better.
International Level: New Activist / Political Participation: 17 1.7%
TOPIC: Aig