The Shotgun Method?

Over the past few months i have seen so much he said this and he said that. So I have come up with a solution for our next president. A man follows the president from day to day with a shotgun in his hand and a list of all his campaign promises. The first time the president does something that does not concur with his campaign promises.....  CLICK... BOOM... NEXT...

Then we try with the next person that thinks they want the job. One of two things will happen. One they stick to their promises or two the people elected to office bodies start piling up. 

Bailout Passes Stocks Still Fall!!

The house passes bailout bill for banks and mortgage companies today. President Bush proceeded signs the bill into law and the stock market still falls over 150 points today. Now I understand first off this is going to take some time to trickle down. Honestly though this is like putting a band-aid on a severe wound and hoping for the best. So I guess now we are on to the three major U.S. car makers. Ford, Chevy and Dodge are in serious financial trouble and no one has brought hardly any attention to this.

This is the point.......

This is a temporary fix to a problem that expands so much farther than the banks and mortgage companies that will have severe effects for months and possibly years to come.

Senate Bailout Bill Passes.. The House Is Next

The Senate passes bailout bill by packaging in many other things. It was basically a trade off for votes.

This was done to try to soften the blow to the american public. One of the main add ons was to raise FDIC insurance from 100K to 250K. Now i know i am not a political or financial guru but how does this help. There has always been a work around to the 100k limit of insurance on bank accounts. So how does that help?  Next up a 5 thousand dollar income tax credit. This is like saying "ok we are going to spend 700 billion on the stock market and banks, and give you the tax payer 5,000 dollars." This just seems to make no sense.

This is the point......

If Bob owns a small restaurant cooks awful food and people stop eating there, he goes out of business. The federal government does not step in and bail him out because he is the only restaurant in the small town. The restaurant just fails.

Senate Vs. The House, This Is A War of Getting Re-Elected!

We all know that the house failed to pass the first revision of a bail out plan. Now the Senate is giving it a shot. This is turning into a race for re-election, not a race to fix the economy. 

This is the point

The first to solve this problem with public approval will definitely show the other up and secure their jobs and and lay blame for the state of the economy on the other. Trust me this is definitely about their jobs. 

This was almost comical.

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 billon 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+ inclu ding 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+!< /B>

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
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 $85
Billion!!