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How a bailout works (Read 903 times)

Charlie

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Jamestown, NY
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How a bailout works
Jan 15^th, 2009 at 7:32pm

Bailout explained:

Young Chuck in Montana bought a horse from a farmer for $100. The farmer agreed to deliver the horse the next day.

The next day he drove up and said, "Sorry son, but I have some bad news, the horse died."

Chuck replied, "Well, then just give me my money back."

The farmer said, "Can't do that. I went and spent it already."

Chuck said, "Ok, then, just bring me the dead horse."

The farmer asked, "What ya gonna do with him?"

Chuck said, "I'm going to raffle him off."

The farmer said, "'You can't raffle off a dead horse!"

Chuck said, "Sure I can, Watch me. I just won't tell anybody he's dead."

A month later, the farmer met up with Chuck and asked, "What happened with that dead horse?"

Chuck said, "I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998."

The farmer said, "Didn't anyone complain?"

Chuck said, "Just the guy who won. So I gave him his two dollars back."

Chuck grew up and works now for the government. He was the one who figured out how to "bail us out".

Charlie Shocked

There is nothing more satisfying than being shot at without result---Winston Churchill

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Jonny Ex Member	Re: How a bailout works Reply #1 - Jan 15^th, 2009 at 8:59pm Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or
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M.R. CH.com Alumnus Offline Posts: 598 Grand Rapids, Mi. Gender:	Re: How a bailout works Reply #2 - Jan 15^th, 2009 at 9:40pm Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or Scroll down to the Calvin and Hobbes toon (2nd frame) mike
Back to top	"Charity is no part of the legislative duty of the government." --James Madison James Taranto ” [D]o you know what they call people who rely on themselves? Adults." Thomas Jefferson, "Bind [them] down from mischief by the chains of the Constitution." IP Logged

Callico CH.com Hall of Famer Offline Author of "Stranded at Romson's Lodge Posts: 4916 Aurora IL Gender:	Re: How a bailout works Reply #3 - Jan 15^th, 2009 at 11:33pm I picked up two trojan horses when I clicked on the link! Fortunately Avast caught them. Jerry
Back to top	"Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end." Texas A&M Student (unknown) IP Logged

M.R. CH.com Alumnus Offline Posts: 598 Grand Rapids, Mi. Gender:	Re: How a bailout works Reply #4 - Jan 16^th, 2009 at 4:35am Really. AVG showed nothing, but will look further. Kaspersky at work never showed anything either. Sorry..... Mike
Back to top	« Last Edit: Jan 16^th, 2009 at 4:38am by M.R. » "Charity is no part of the legislative duty of the government." --James Madison James Taranto ” [D]o you know what they call people who rely on themselves? Adults." Thomas Jefferson, "Bind [them] down from mischief by the chains of the Constitution." IP Logged

Callico CH.com Hall of Famer Offline Author of "Stranded at Romson's Lodge Posts: 4916 Aurora IL Gender:	Re: How a bailout works Reply #5 - Jan 16^th, 2009 at 4:18pm No prob. It was probably one of the links within your link that had it. All I know is I clicked it and Avast went ape. I'm just glad it was caught. Jerry
Back to top	"Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end." Texas A&M Student (unknown) IP Logged

Deb B

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That's what I'm talking
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South Carolina
Gender: female

Re: How a bailout works
Reply #6 - Jan 17^th, 2009 at 10:29am

This Sounds like a plan to me. Wonderful idea. Let's get it going.

I'm against the $85,000,000,000 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.

The 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 in taxes. That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500 in their pocket.
A husband and wife has $595,000.

What would you do with $297,500 to $595,000 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 to save in a bank or 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 world wide.

If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000 ( "vote buy" ) economic incentive that is being proposed by President elect or the $1200 provided by the current President.

If we're going to do an $85 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 the rationale. We deserve it and AIG doesn't. If they did, they wouldn't be in the mess they are in now!

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 Family 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.

HMM..this has already been sent to many in emailsl. Smiley

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