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17 Responses to “Public comment on bail-out bills”

1. on 26 Sep 2008 at 7:53 pm1 ken

   Am I missing something here. We are about to dump 700 billion into people and institutions that didn’t manage money the first time around. How about a plan that includes the government setting up accounts that would generate 8% interest for investors. That would generate needed cash as well as reward those that have managed their money. Details would have to be worked out, term etc. but i think it is doable. Perhaps the entire 700 billion wouldn’t be raised but let’s just pretend we did. Instead of the government shelling out 700 billion, they shell out just a fraction of that amount, all the while rewarding doers as opposed the those that put us in this situation to start with.

2. on 27 Sep 2008 at 12:43 am2 Tara

   We need to stop the bailout. The insanity that we continue to get fleeced, and are now getting fleeced out of 700 billion needs to stop. These banks pay millions, yes, millions to their CEO’s. And for what, approving bad mortgages that can’t be paid because the general public doesn’t make enough money to afford them. If we stop supporting this broken system, now (stop the bailout) then we can use the 700 million to build infrastructure and put our people to work. That will give them the money to actually afford a mortgage.

3. on 28 Sep 2008 at 12:58 am3 Lisa

   Where was the Katrina bailout?! Where is the bailout for public schools and education? Where is the healthcare bailout? Wall Street looses some money and it’s a “crisis” for everyone. The wealthy look out for their own and send us the bill. Enough is enough already.

4. on 28 Sep 2008 at 8:59 pm4 nicole

   Think about this seriously!!

   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+ 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.

   PS: Feel free to pass this along to your pals, or your congressman / senator, as it’s either good for a laugh
   or a tear or a very sobering thought on how to best use $85 Billion!!

5. on 29 Sep 2008 at 3:56 pm5 damntiredofit

   Pelosi is one more stupid, arrogant, rich politician who can mess up a wet dream. Need to clean out the whole lot of them Repubs & Dems. We should have not have been in this mess in the first place What away to ruin our country thanks for nothing George, Nancy & Harry screw all of yea.

6. on 30 Sep 2008 at 12:49 pm6 Betsy Phillips

   This is the best bailout plan I have seen lately – I forget where I saw it:

   Think about this seriously!!

   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+ 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.

   PS: Feel free to pass this along to your pals, or your congressman / senator, as it’s either good for a laugh
   or a tear or a very sobering thought on how to best use $85 Billion!!

7. on 30 Sep 2008 at 4:34 pm7 J

   The banks made bad investments overseas and now the thing has come back to bite them in the butt. I see it like this we will be sending the billions of dollars out of the country which will just drain our economy even more. You and your grand children will be paying for 3 world country’s to emerge in today’s market and take away your jobs here. And the truth is that the $700 Billion is only a piece of what they will take it is more like TWO TRILLION dollars a debt which will not be paid for two hundred years if ever. The money should be spent here to the tax payers on small buisness loans and home bail out loans. All the assets of AIG and all the other banks should be seized and sold. I did a search and found yachts which belong to the banks that were $158,000,000,000
   dollars. In the US alone I think the number was 1400 thats a rough figure but close. Now I ask you $158 million dollars for a boat to entertain your friends and investors is a bit much to swallow. And don’t forget the food the price tag was around $30.000 per day per boat not counting the chefs pay the bartender and wait staff. Now go to the jets they own the numbers are staggering and you and I will never get a seat on one ever they are private only. Some with gold faucets and I don’t mean gold colored real gold and the list goes on. This is why the banks are in trouble they want to be kings and queens and they do not care about you. If the system here falls apart they will move to Abu Dabi and live on an island and watch America go to its knees. We would be supporting the kingdom of the rich and abandoning our own lower and middle class people to bail them out. Shame on anyone who backs this bill you are as good as a trader to our Nation and you may you be tried as one also. Libertys Whisper See You On The Yacht

8. on 30 Sep 2008 at 10:26 pm8 J

   OOPs to many 0’s in my figure for yachts well that’s OK I am sure they mess up allot of figures also. So that would be $158.000.000 dollars for a yacht. So whats a few million if your going to give it away to a bunch of losers. Who is going to bail out my family we have a company that has gone from a million dollars a year and seven good workers to the door shut in six months. AIG and the rest can bugger off. Oh and since I am ranting so can Bush Whacker and his bunch of clones. Someone call Home Land Security I just told a trader to BUGGER OFF!
   I took an oath once to defend this country against threats both foreign and domestic.
   So how do you do that now that the threats are in charge?

9. on 01 Oct 2008 at 11:22 am9 John McCocaine

   The government should not be buying bad NINJA loans.
   (No Income, No Job, No Assets)

   Stop NINJAGATE- there is NO RUSH to create a tax liability for every American of $3,000 — let us keep your money instead! Pay the people instead!

   This bill, only insures that THE GOVERNMENT will go bankrupt and then we will all be part of the new ONE WORLD GOVERNMENT and WORLD BANK that will “bail out” America.

   Is that what you want?

   If you ever wondered if Obama or McCocaine were part of the establishment watch the vote. If these two guys back-stab the American people tonight by voting YES on this bill — then we will see thier TRUE colors — we will see that we never had any HOPE FOR CHANGE at all– just more of the same.

   I can’t believe we have the president creating fear in the markets and encouraging a run on banks just so he can rush through a bad new tax hike on the people to bail out the rich.

   Let the free market take care of itself. You can never pretend that it’s ok to make bad loans. This idea that we should keep pretendign that bad loans are ok and continue to finance the giving of bad loans is stupid.

   It’s like giving Alcohol to an Alcohollic. Stop NINJAGATE!

10. on 02 Oct 2008 at 3:43 pm10 Marvin Hart

    We are probably in for some tough times. But borrowing 700bn of our money (and our childrens money) to instill confidence in a crooked credit system is criminal. McCain once again turns his back on conservatism. I will vote against and donate only to those who oppose this bill.

11. on 03 Oct 2008 at 10:31 am11 Michel

    The Bailout is just wrong for all of the hardworking people of America. We are just enabling the people who messed up the economy in the first place. Lets let the resposible parties pay for the debt that they made. If Congress wants a depression then that’s what they will get with this bailout plan.

12. on 03 Oct 2008 at 5:05 pm12 Ken

    The bailout passed. And with it passing, again the message was sent far and wide, no matter how irresponsible people are they do not have to worry for they will always have someone waiting to bail them out, even if the people who must finance the bail out are doing it against their will or better judgment.

    Today was a great day to be a liberal. Why? Well, because it showed that they are right in their belief that they can pretty much do what they want and still never have to face blame or take heat for it. It also proved that no matter what they do, the republicans can always be counted upon to be of slight nerve and less sense. Republicans can always be counted upon to willingly take the heat for whatever the other side does. They can always be counted upon to be silly enough to think that if they just give in one more time, the other side will like them and the American public will then find them to be nice people.

    Republicans are the best enemy to have. They are easy to beat. No matter how much ammo the republicans have, they almost always refuse to fire a shot. If they do fire, it will only be a warning shot. No matter how much information they have, they refuse to use it even when it would show everyone who the actual enemy is. Republicans on Capitol Hill are the type of people who will let you threaten them, will let you beat them mercilessly and will simply refuse to put up a fight. They might even thank you for beating them mercilessly. You know, if you could get a herd of sheep like this, you would have gold on the hoof. They simply shear themselves, willingly.

    It seems that the republicans are easy to fool. All you have to do is yell that something is an emergency and they will fund it. They will not bother to do any research or fact checking. They will not bother to say that maybe, just maybe, the free market will work and actually do a better job without interference. The republicans will certainly not do any checking to see if they are once again being scammed. No, they just cave and do what the liberals want them to do. And then they cannot understand why they are disliked by not only the opposition but by their own constituents. At this point, I would have to imagine that their opposition likes them far more then their constituents like them.

    Lastly, what do we do every four years? We find the least conservative person in the party, the one who is most likely to smile while being pummeled and we nominate them to be our candidate. And we wonder why everyone including the press is unfair to us. Well, it probably has a lot to do with the fact that they know we do not fight back or say no or use their own tactics against them. They probably understand that it is easy to make war against us, for we do not fight.

13. on 05 Oct 2008 at 12:06 pm13 J

    The sad truth as to who is running your life has come to the surface. To let this bail out pass only serves the wealthy of the world not just the USA. Right off about $150 billion goes right out of the country to banks that are in places like India and Viet Nam ECT. That is just the start this will only be the tip of this (bill) it will take from every citizen in the USA and our jobs our small stores family owned companies will go to hell. Our gas prices will go back up and the bank rates will go so high you will not want to buy any crap made in China or anyplace else. Your still driving your new car if your lucky and bought it before all this started. Your still going to the BBQ at the neighbors house on Saturday and watching the game. Your wife is still going Christmas shopping and your still looking at that boat you wanted. But we are bleeding from a would that will not heal and now it is becoming infected. The economy will look better for a while then it will fail again and more money will be spent to send even more American jobs out of the country. Everything you touch today is made from inferior materials from another country and sold to you at a very high price. The sad chain of events that took us to the brink of economic failure is the same people we are bailing out. The extravagant arrogant power brokers have won a win fall here at your expense. They got the news while they sat at lunch having lobster and caviar and a nice bottle of $5000 dollar wine for lunch. The relief they must have felt made many of them cancel their stress relief therapy and jump on that jet for home. Geeze that flight from the island to New York must have been a tough on them. Then to have to make a pen stroke and meet with the board to shake some hands and kiss some butt well that deserves a bonus. Revolution is about the only answer the world seems to understand when your rights have been stripped away and the rich sit in a palace and scoff at you on Main Street.
    America has become so blind that we have let this system take over and ruin your dream of a good life. You may be OK sitting at home on your computer but what about the 150.000 out of work last month. What about the homes taken by the same bank you’re bailing out. Sold to immigrants from another country that has a grant from the USA to buy your home that has been foreclosed on. When do they answer for the crime of being a traitor to this Great Nation WHEN! You may think your candidate will save us all Mc Cain or Obama oh please pull your head out of your rear. The system is broken not the party and they both want the same thing and that’s power. Revolution could not come at a better time if a million black men can march on DC then why can’t two million both black and white and then a million red and yellow people stop this bleeding. Don’t you want your country anymore?
    Or are you a sheep and you will keep following the failed system until your no longer needed and removed because you have no place in the system. Many people will say this guy is ranting and is a loony and he reads to many conspiracy stories. Well let me say this I don’t think aliens are coming to get us at least not the ones from Mars. I do think this has been a carefully implemented plan to merge Mexico, Canada and the United States and to form one large union. The ID cards are all over the TV the trade route from Canada to Mexico is in place and the rest will be history. The history will say that Americans sat by and watched as every value they formed their country by were stripped away by a corrupt government. A government that was manipulated by huge corporate monopolies and the laws that they forced on the people only served the corporation. Americans finally had no power to stop the corruption which had come to rule their lives and the world. Then the Americans were put down in a final blow and liberty and freedom became a thing of the past America was sold to the highest bidder and they moved their people into the Americans homes and the Americans were removed and no really knows where they had gone but they never returned to the shores of their once great nation. America could take the criminals out of power and place good real Americans in charge of the country. Arrest all the CEO’s and government officials who all signed bills and gave away our rights so that they could gain power at the expense of American families and out children. Trials against them should not take years but that is what will happen under this current system. They are given allot of time to cover up any wrong doing and files transactions are hidden and destroyed so that the truth will never come out. AMERICA THE BEAUTIFUL For sale click on the button below for details.
    REVOLT OR PAY A MUCH HIGHER PRICE LATER ON.

14. on 08 Oct 2008 at 9:23 am14 J

    Well I guess you all have seen the news $440.000 for a little break out on the coast. He what the hell that’s a deal. Maybe they got it at Price Line. But all joking aside they just stole it from you and your family and they will not even flinch when told they were crooks and took it from every American. This morning on the TV they are talking about the TAX MAN is watching every American for any slight mistake you make. Double standard, you bet it is. The big corp can steal and cheat hide and defraud and with no action taken against them for years if ever. But you Joe tax payer they come after you in a heartbeat. Why because you do not have enough money to hire a team to hide your actions. Any way this is about the now $800 Billion + dollars that they expect us to pay out to the bail out. Some say its not the tax payer who will foot the debt but they also say you the tax payer need to tighten your belt and live below your standards that you lived at before. I guess that does not count spa time. They talked about no golden parachutes for two weeks right. Yesterday they talked about the CEO of AIG getting a check for I think $15 million dollars. Not a bad pay day and he does not think he should pay it back. I ask you the corp AIG or American Institution Group has a CEO who is British I call that a foul ball right off the bat. I like brits my family was from England but they were part of the revolt why back when we started this country. But this guy could care less if our country is suffering because of his actions. Why because like allot of the big companies the corps. They are from some other country and could give a crap what happens to America. All they want is to own what we worked at for a couple of hundred years. They almost have it now and it looks like allot of them may just walk away. I am sick of it all but mostly of our own crooked President and his staff of thugs and liars. The economy is fine keep’s echoing in my head. And now they are saying it will take a long time to recover and you the tax payer are the fault. #$^&%#@$#$

15. on 15 Oct 2008 at 1:14 am15 JMS

    I had heard about the so called “Birk Plan” that has been widely discussed on the internet. I also read a lot of contradictory statements so I tried to compute the numbers.

    According to the United States Census Bureau, the estimated total U.S. population is 301.6 million. See, http://www.census.gov/popest/estimates.php, last updated June 2008, retrieved October 14, 2008.

    Of that total, the estimated number of people 18 and over is as follows:

    United States
    Less than age 18 73,901,733
    Age 18 and over 227,719,424
    Total Population 301,621,157
    The Annie E. Casey Foundation, on line at http://www.kidscount.org/datacenter/compare_results.jsp?i=688; last updated September 2008, retrieved October 14, 2008.

    If you divide $700,000,000,000 by 227,719,424 people over the age of 18, each one will get $3073.96.

    Conclusion, that is not as large a sum as the “Birk Plan” projected.

16. on 19 Oct 2008 at 3:46 pm16 American Hostage » Blog Archive » Revolution Calling?

    […] “J” over at Everything is Miscellaneous posted […]

17. on 13 Nov 2008 at 9:54 pm17 john

    A partial bailout of the financial institutions has already taken palce and the banks are still not making the loans…….that was the whole reason for the bailout……shame on our government wasting our money once again and not placing peramitters on the banks as a condition of the loan. Off the subject….Iam all for capitalism but not for all industries….any industry that can affect the world economy by a few greedy people needs strict regulation…..call it socialist if you want but the oil industry, banking, investment, certain technology etc etc can affect everyones lives without checks and balances with the current deregulation. Afterall the government and judge Green did have the balls to stop the telecommunications industry in the 80’s. We must help these big business’s to keep jobs but much of the burden needs to be placed on the fat cats luaghing all the way to the bank on the taxpayers back. Give them the money to keep jobs…………regulate………..take their gold perichutes away and their fat salaries……..afterall they are the greedy people who put us in this place.