A friend sent me this.

I have been thinking about this whole bail out deal a lot. I am not going
over what the bail out is about, you guys already know and if you don't just
search the topic in the search bar.. Anyway, instead of giving the banks
that threw us into this mess the 700 billion why not cut every American a
check for a million bucks?? Think about it.. Every family gets a million
dollars. First thing, debt will be paid off. Most Americans are busting
their butts trying to pay off debt. With a million dollars, there is more
then enough to pay off ALL of your debt and the credit industry will be back
to normal.. Next, pay off the mortgages. Now we have the banks back in the
right financial state without giving them ALL of the money from the
bailout...and people will be able to keep their homes. Better yet, people
will be buying homes, so the real estate industry will not be suffering
anymore. In addition to that, the construction industry will be a good place
to make jobs because people will be building homes as well as buying. Now, I
don't know about you guys, but after squaring my debt away, paying
off/buying a new home, and getting a car that actually runs.. I'm going
shopping!! The economy would BOOM if everyone in the country had enough
money to shop.. I'm not talking go to the store and spend a hundred bucks..
I mean SHOP. Stocks would soar and the American economy would be back to
normal. Not only that, but the stores and such would need more employees due
to the rise in shoppers. That would provide jobs for everyone. More cars
would need to be made because the demand would go up, so factories would be
looking for more help. It would just be an all around good deal IMO.

On Apr 10, 12:32*pm, "Dimitri" > wrote:
> A friend sent me this.
>
> I have been thinking about this whole bail out deal a lot. I am not going
> over what the bail out is about, you guys already know and if you don't just
> search the topic in the search bar.. Anyway, instead of giving the banks
> that threw us into this mess the 700 billion why not cut every American a
> check for a million bucks?? Think about it.. Every family gets a million
> dollars. First thing, debt will be paid off. Most Americans are busting
> their butts trying to pay off debt. With a million dollars, there is more
> then enough to pay off ALL of your debt and the credit industry will be back
> to normal.. Next, pay off the mortgages. Now we have the banks back in the
> right financial state without giving them ALL of the money from the
> bailout...and people will be able to keep their homes. Better yet, people
> will be buying homes, so the real estate industry will not be suffering
> anymore. In addition to that, the construction industry will be a good place
> to make jobs because people will be building homes as well as buying. Now, I
> don't know about you guys, but after squaring my debt away, paying
> off/buying a new home, and getting a car that actually runs.. I'm going
> shopping!! The economy would BOOM if everyone in the country had enough
> money to shop.. I'm not talking go to the store and spend a hundred bucks...
> I mean SHOP. Stocks would soar and the American economy would be back to
> normal. Not only that, but the stores and such would need more employees due
> to the rise in shoppers. That would provide jobs for everyone. More cars
> would need to be made because the demand would go up, so factories would be
> looking for more help. It would just be an all around good deal IMO.

What about the people who are more than a million dollars in debt?
what makes you think everyone would go out and spend the million? I
wouldn't. A million isn't really all that much. A lot of folks would
squander it away...Vegas, whatever. Someone goes out and buys a
$750,000 home and then they can't afford the property taxes...then
what?
sort of a dreamy idea but it won't work.

On Apr 10, 2:32*pm, "Dimitri" > wrote:
> A friend sent me this.
>
> I have been thinking about this whole bail out deal a lot. I am not going
> over what the bail out is about, you guys already know and if you don't just
> search the topic in the search bar.. Anyway, instead of giving the banks
> that threw us into this mess the 700 billion why not cut every American a
> check for a million bucks?? Think about it.. Every

It actually works out to something more like $5000 or so.

N.

Dimitri wrote:
> A friend sent me this.
>
> I have been thinking about this whole bail out deal a lot. I am not
> going over what the bail out is about, you guys already know and if you
> don't just search the topic in the search bar.. Anyway, instead of
> giving the banks that threw us into this mess the 700 billion why not
> cut every American a check for a million bucks?? Think about it.. Every
> family gets a million dollars. First thing, debt will be paid off. Most
> Americans are busting their butts trying to pay off debt. With a million
> dollars, there is more then enough to pay off ALL of your debt and the
> credit industry will be back to normal.. Next, pay off the mortgages.
> Now we have the banks back in the right financial state without giving
> them ALL of the money from the bailout...and people will be able to keep
> their homes. Better yet, people will be buying homes, so the real estate
> industry will not be suffering anymore. In addition to that, the
> construction industry will be a good place to make jobs because people
> will be building homes as well as buying. Now, I don't know about you
> guys, but after squaring my debt away, paying off/buying a new home, and
> getting a car that actually runs.. I'm going shopping!! The economy
> would BOOM if everyone in the country had enough money to shop.. I'm not
> talking go to the store and spend a hundred bucks.. I mean SHOP. Stocks
> would soar and the American economy would be back to normal. Not only
> that, but the stores and such would need more employees due to the rise
> in shoppers. That would provide jobs for everyone. More cars would need
> to be made because the demand would go up, so factories would be looking
> for more help. It would just be an all around good deal IMO.
>
>
Interesting idea. Send it to the current administration.

--
Jean B.

"Jean B." > wrote in message
...
> Dimitri wrote:
>> A friend sent me this.
>>
>> I have been thinking about this whole bail out deal a lot. I am not going
>> over what the bail out is about, you guys already know and if you don't
>> just search the topic in the search bar.. Anyway, instead of giving the
>> banks that threw us into this mess the 700 billion why not cut every
>> American a check for a million bucks?? Think about it.. Every family gets
>> a million dollars. First thing, debt will be paid off. Most Americans are
>> busting their butts trying to pay off debt. With a million dollars, there
>> is more then enough to pay off ALL of your debt and the credit industry
>> will be back to normal.. Next, pay off the mortgages. Now we have the
>> banks back in the right financial state without giving them ALL of the
>> money from the bailout...and people will be able to keep their homes.
>> Better yet, people will be buying homes, so the real estate industry will
>> not be suffering anymore. In addition to that, the construction industry
>> will be a good place to make jobs because people will be building homes
>> as well as buying. Now, I don't know about you guys, but after squaring
>> my debt away, paying off/buying a new home, and getting a car that
>> actually runs.. I'm going shopping!! The economy would BOOM if everyone
>> in the country had enough money to shop.. I'm not talking go to the store
>> and spend a hundred bucks.. I mean SHOP. Stocks would soar and the
>> American economy would be back to normal. Not only that, but the stores
>> and such would need more employees due to the rise in shoppers. That
>> would provide jobs for everyone. More cars would need to be made because
>> the demand would go up, so factories would be looking for more help. It
>> would just be an all around good deal IMO.
>>
>>
> Interesting idea. Send it to the current administration.

they are already on this path.

On Fri, 10 Apr 2009 12:42:44 -0700 (PDT), Chemo the Clown
> wrote:

>sort of a dreamy idea but it won't work.

Since the beginning of time.....if you put ten people on an island and
gave them each $100.00, at the end of the year 1 person would possess
90% of the money. That is just the way things work.

Dimitri wrote:
> A friend sent me this.
>
> I have been thinking about this whole bail out deal a lot. I am not
> going over what the bail out is about, you guys already know and if you
> don't just search the topic in the search bar.. Anyway, instead of
> giving the banks that threw us into this mess the 700 billion why not
> cut every American a check for a million bucks?? Think about it.. Every
> family gets a million dollars. First thing, debt will be paid off. Most
> Americans are busting their butts trying to pay off debt. With a million
> dollars, there is more then enough to pay off ALL of your debt and the
> credit industry will be back to normal.. Next, pay off the mortgages.
> Now we have the banks back in the right financial state without giving
> them ALL of the money from the bailout...and people will be able to keep
> their homes. Better yet, people will be buying homes, so the real estate
> industry will not be suffering anymore. In addition to that, the
> construction industry will be a good place to make jobs because people
> will be building homes as well as buying. Now, I don't know about you
> guys, but after squaring my debt away, paying off/buying a new home, and
> getting a car that actually runs.. I'm going shopping!! The economy
> would BOOM if everyone in the country had enough money to shop.. I'm not
> talking go to the store and spend a hundred bucks.. I mean SHOP. Stocks
> would soar and the American economy would be back to normal. Not only
> that, but the stores and such would need more employees due to the rise
> in shoppers. That would provide jobs for everyone. More cars would need
> to be made because the demand would go up, so factories would be looking
> for more help. It would just be an all around good deal IMO.
>
>


Interesting concept, but it would cause inflation like we
have never seen before.
And the people now in debt would be in deeper. Overspending
and unrealistic
debt isn't an accident, it's a personality trait.

gloria p

In article >,
"Dimitri" > wrote:

> I have been thinking about this whole bail out deal a lot. I am not going
> over what the bail out is about, you guys already know and if you don't just
> search the topic in the search bar.. Anyway, instead of giving the banks
> that threw us into this mess the 700 billion why not cut every American a
> check for a million bucks??

Although the numbers being tossed around now are ridiculous, three
hundred million Americans times a million dollars equals
$300,000,000,000,000 or three hundred trillion in US parlance. Or I got
the math wrong and it's worse. If not, bzzzzzt. We're only into single
digit trillion debt, not multi hundred trillion debt so far. Come back
next year for relevancy.

leo

"Leonard Blaisdell" > wrote in message
...
> In article >,
> "Dimitri" > wrote:
>
>> I have been thinking about this whole bail out deal a lot. I am not going
>> over what the bail out is about, you guys already know and if you don't
>> just
>> search the topic in the search bar.. Anyway, instead of giving the banks
>> that threw us into this mess the 700 billion why not cut every American a
>> check for a million bucks??
>
> Although the numbers being tossed around now are ridiculous, three
> hundred million Americans times a million dollars equals
> $300,000,000,000,000 or three hundred trillion in US parlance. Or I got
> the math wrong and it's worse. If not, bzzzzzt. We're only into single
> digit trillion debt, not multi hundred trillion debt so far. Come back
> next year for relevancy.
>
> leo

The version I saw was to give people over 55 the money with some
stipulations. They had to buy or pay off their house, buy a car, and quit
their jobs so that others could work. There are flaws of course, but it is
better than ****ing the money away to AIG and GM.

Thee was a time that you could live comfortably off of a million bucks. Now
it willbe gone in 15 or 20 years depending on investments. .

On Fri, 10 Apr 2009 12:42:44 -0700 (PDT), Chemo the Clown
> wrote:

>What about the people who are more than a million dollars in debt?
>what makes you think everyone would go out and spend the million? I
>wouldn't. A million isn't really all that much. A lot of folks would
>squander it away...Vegas, whatever. Someone goes out and buys a
>$750,000 home and then they can't afford the property taxes...then
>what?
>sort of a dreamy idea but it won't work.

Sad story in today's newspaper about a million dollar loss. It was a
family business.
http://www.sfgate.com/cgi-bin/articl...sn=001&sc=1000
or
http://tinyurl.com/cfvw5q

--
I love cooking with wine.
Sometimes I even put it in the food.

On Fri, 10 Apr 2009 12:58:26 -0700 (PDT) in rec.food.cooking, Nancy2
> wrote,
>
>It actually works out to something more like $5000 or so.

But the problem with that is it's $5000 from each of us down
the toilet, not the toilet coughing up $5000 each for us.

Leonard Blaisdell > wrote:

> Although the numbers being tossed around now are ridiculous,
> three hundred million Americans times a million dollars
> equals $300,000,000,000,000 or three hundred trillion in US
> parlance. Or I got the math wrong and it's worse. If not,
> bzzzzzt. We're only into single digit trillion debt, not multi
> hundred trillion debt so far. Come back next year for relevancy.

There is $5 trillion just in agency debt, the current bailout
is 12.8 trillion already, and the total on- and off-the-book
liabilities of the federal government have a present value of
$60 trillion or so.

Still, you're right that they don't have an extra $300
trillion to hand out.


Steve

In article >,
(Steve Pope) wrote:

> Leonard Blaisdell > wrote:
>
> > Although the numbers being tossed around now are ridiculous,
> > three hundred million Americans times a million dollars
> > equals $300,000,000,000,000 or three hundred trillion in US
> > parlance. Or I got the math wrong and it's worse. If not,
> > bzzzzzt. We're only into single digit trillion debt, not multi
> > hundred trillion debt so far. Come back next year for relevancy.
>
> There is $5 trillion just in agency debt, the current bailout
> is 12.8 trillion already, and the total on- and off-the-book
> liabilities of the federal government have a present value of
> $60 trillion or so.
>
> Still, you're right that they don't have an extra $300
> trillion to hand out.

All my relatives on my mother's side lived in Germany during and shortly
after WWII (some still live there). A lot of people were mad at
Germany, so they were forced to agree to pay enormous reparations. The
people in Germany were starving. The country was devastated. But there
was no choice, so they paid the reparations. When people went to the
grocery store, they always took a wheelbarrow. Not to carry the
groceries, because nobody could afford enough that they couldn't carry
it. No, it was to carry the money. It took a whole wheelbarrow of
money to buy groceries for one meal. My father was in the US Army in
Berlin at the end of the war. He had no German money and didn't need
any. The unit of currency was cigarettes. He bought a couple of
cameras using cigarettes.

The US government can easily print more money. Paper is cheap. But if
you have a million bucks, and the guy who lives under the bridge has the
same, who's going to sell you anything?

--
Dan Abel
Petaluma, California USA

"[Don't] assume that someone is "broken" just because they behave in ways
you don't like or don't understand." --Miche

"Mort Adella" > wrote in
:

> Thee was a time that you could live comfortably off of a million
> bucks. Now it willbe gone in 15 or 20 years depending on
> investments. .

that's not true. one can live comfortably off a million dollars now
& well into the future... as long as one is not so stupid as to pull
all one's investments at this time.
i know this. it's how i live. so, i'm making half of what i made
last year. big deal. it's still a solidly middle class income. it
might possibly drop a bit more, but not enough to crimp my lifestyle
(which isn't lavish, i'll admit, but i'm not that sort of person).
if one expects to live like Warren Buffet on a million, well, one
has one's expectations set too high. if one can understand that a
million in investments may only net you $40k interest to live on, one
will be much happier & content.
lee

"enigma" > wrote in message
>
> if one expects to live like Warren Buffet on a million, well, one
> has one's expectations set too high. if one can understand that a
> million in investments may only net you $40k interest to live on, one
> will be much happier & content.
> lee

Used to be, modest investment on that million would get you $50k a year and
the value of to dollar was still very good compared to today. I'm talking
back in 1970 dollars that are worth about 18¢ today. That 40k a year must
increase too or you won't be very comfortable in 20 years.

"Ed Pawlowski" > wrote in
:

> Used to be, modest investment on that million would get you $50k
> a year and the value of to dollar was still very good compared
> to today. I'm talking back in 1970 dollars that are worth about
> 18¢ today. That 40k a year must increase too or you won't be
> very comfortable in 20 years.

well, it's only 40k because of the current Wall St. panic. it will
get better again.
i'm hoping Congress has the guts to put the regulations back into
place that they removed over the past 12 years or so, but i suspect
they won't. having Wall St. police its self is a remarkably poor idea
though.
lee

On Fri, 10 Apr 2009 12:58:26 -0700 (PDT), Nancy2 wrote:

> On Apr 10, 2:32*pm, "Dimitri" > wrote:
>> A friend sent me this.
>>
>> I have been thinking about this whole bail out deal a lot. I am not going
>> over what the bail out is about, you guys already know and if you don't just
>> search the topic in the search bar.. Anyway, instead of giving the banks
>> that threw us into this mess the 700 billion why not cut every American a
>> check for a million bucks?? Think about it.. Every
>
> It actually works out to something more like $5000 or so.
>
> N.

but, but...if you stacked up all the bills it would reach to the rings
around uranus! or something.

your pal,
blake

On Fri, 10 Apr 2009 20:46:30 GMT, Gil Faver wrote:

> "Jean B." > wrote in message
> ...
>> Dimitri wrote:
>>> A friend sent me this.
>>>
>>> I have been thinking about this whole bail out deal a lot. I am not going
>>> over what the bail out is about, you guys already know and if you don't
>>> just search the topic in the search bar.. Anyway, instead of giving the
>>> banks that threw us into this mess the 700 billion why not cut every
>>> American a check for a million bucks?? Think about it.. Every family gets
>>> a million dollars. First thing, debt will be paid off. Most Americans are
>>> busting their butts trying to pay off debt. With a million dollars, there
>>> is more then enough to pay off ALL of your debt and the credit industry
>>> will be back to normal.. Next, pay off the mortgages. Now we have the
>>> banks back in the right financial state without giving them ALL of the
>>> money from the bailout...and people will be able to keep their homes.
>>> Better yet, people will be buying homes, so the real estate industry will
>>> not be suffering anymore. In addition to that, the construction industry
>>> will be a good place to make jobs because people will be building homes
>>> as well as buying. Now, I don't know about you guys, but after squaring
>>> my debt away, paying off/buying a new home, and getting a car that
>>> actually runs.. I'm going shopping!! The economy would BOOM if everyone
>>> in the country had enough money to shop.. I'm not talking go to the store
>>> and spend a hundred bucks.. I mean SHOP. Stocks would soar and the
>>> American economy would be back to normal. Not only that, but the stores
>>> and such would need more employees due to the rise in shoppers. That
>>> would provide jobs for everyone. More cars would need to be made because
>>> the demand would go up, so factories would be looking for more help. It
>>> would just be an all around good deal IMO.
>>>
>>>
>> Interesting idea. Send it to the current administration.
>
> they are already on this path.

the shut up and sit home until the check arrives.

blake

In article >,
blake murphy > wrote:

> On Fri, 10 Apr 2009 12:58:26 -0700 (PDT), Nancy2 wrote:

> > It actually works out to something more like $5000 or so.

> but, but...if you stacked up all the bills it would reach to the rings
> around uranus! or something.

That's pretty rude of you, Blake, talking about Nancy's anus like that.

:-)

I shared an office with a women for five years. She was quite into
sports. She was very proud to be on a volleyball team called "Uranus".
It was the "butt" of many jokes among the members of the team.

--
Dan Abel
Petaluma, California USA

"[Don't] assume that someone is "broken" just because they behave in ways
you don't like or don't understand." --Miche

Dan Abel > wrote:

> (Steve Pope) wrote:

>> Leonard Blaisdell > wrote:

>> > Although the numbers being tossed around now are ridiculous,
>> > three hundred million Americans times a million dollars
>> > equals $300,000,000,000,000 or three hundred trillion in US
>> > parlance. Or I got the math wrong and it's worse. If not,
>> > bzzzzzt. We're only into single digit trillion debt, not multi
>> > hundred trillion debt so far. Come back next year for relevancy.

>> There is $5 trillion just in agency debt, the current bailout
>> is 12.8 trillion already, and the total on- and off-the-book
>> liabilities of the federal government have a present value of
>> $60 trillion or so.

>> Still, you're right that they don't have an extra $300
>> trillion to hand out.

>All my relatives on my mother's side lived in Germany during and shortly
>after WWII (some still live there). A lot of people were mad at
>Germany, so they were forced to agree to pay enormous reparations. The
>people in Germany were starving. The country was devastated. But there
>was no choice, so they paid the reparations. When people went to the
>grocery store, they always took a wheelbarrow. Not to carry the
>groceries, because nobody could afford enough that they couldn't carry
>it. No, it was to carry the money. It took a whole wheelbarrow of
>money to buy groceries for one meal. My father was in the US Army in
>Berlin at the end of the war. He had no German money and didn't need
>any. The unit of currency was cigarettes. He bought a couple of
>cameras using cigarettes.
>
>The US government can easily print more money. Paper is cheap. But if
>you have a million bucks, and the guy who lives under the bridge has the
>same, who's going to sell you anything?

In theory, modern economic expertise allows the Fed to engage
in considerable "quantitative easing" while avoiding that
particular outcome.

We shall see....

S.

enigma wrote:
> "Ed Pawlowski" > wrote in
> :
>
>> Used to be, modest investment on that million would get you $50k
>> a year and the value of to dollar was still very good compared
>> to today. I'm talking back in 1970 dollars that are worth about
>> 18¢ today. That 40k a year must increase too or you won't be
>> very comfortable in 20 years.
>
> well, it's only 40k because of the current Wall St. panic. it will
> get better again.
> i'm hoping Congress has the guts to put the regulations back into
> place that they removed over the past 12 years or so, but i suspect
> they won't. having Wall St. police its self is a remarkably poor idea
> though.
> lee
>



Sensible regulation is a good idea. But the people who will craft these
regulations which are likely to be extremely reactionary and poorly
thought out are the same ones who handed out our money to the bankers
and brokers because of the "banks are too big to fail buzz" they
created. I seriously doubt the "smartest man in Congress" (barnie frank)
who insisted everything was just OK is cable of collecting the money at
an elementary school bake school let alone crafting sensible and
effective regulation.

I think the fatal flaw of letting their friends at the banks and
brokerages regulate themselves was that the government never clearly
announced that was what they were doing. Lots of folks thought otherwise.

On Sun, 12 Apr 2009 12:49:45 -0400, George wrote:

> enigma wrote:
>> "Ed Pawlowski" > wrote in
>> :
>>
>>> Used to be, modest investment on that million would get you $50k
>>> a year and the value of to dollar was still very good compared
>>> to today. I'm talking back in 1970 dollars that are worth about
>>> 18¢ today. That 40k a year must increase too or you won't be
>>> very comfortable in 20 years.
>>
>> well, it's only 40k because of the current Wall St. panic. it will
>> get better again.
>> i'm hoping Congress has the guts to put the regulations back into
>> place that they removed over the past 12 years or so, but i suspect
>> they won't. having Wall St. police its self is a remarkably poor idea
>> though.
>> lee
>>
>
> Sensible regulation is a good idea. But the people who will craft these
> regulations which are likely to be extremely reactionary and poorly
> thought out are the same ones who handed out our money to the bankers
> and brokers because of the "banks are too big to fail buzz" they
> created. I seriously doubt the "smartest man in Congress" (barnie frank)
> who insisted everything was just OK is cable of collecting the money at
> an elementary school bake school let alone crafting sensible and
> effective regulation.
>

every time i see right-wingers blame the mess on barney frank, i luagh
hysterically.

blake

blake murphy wrote:

> On Sun, 12 Apr 2009 12:49:45 -0400, George wrote:
>
> > enigma wrote:
> >> "Ed Pawlowski" > wrote in
> >> :
> >>
> >>> Used to be, modest investment on that million would get you $50k
> >>> a year and the value of to dollar was still very good compared
> >>> to today. I'm talking back in 1970 dollars that are worth about
> >>> 18¢ today. That 40k a year must increase too or you won't be
> >>> very comfortable in 20 years.
> >>
> >> well, it's only 40k because of the current Wall St. panic. it will
> >> get better again.
> >> i'm hoping Congress has the guts to put the regulations back into
> >> place that they removed over the past 12 years or so, but i suspect
> >> they won't. having Wall St. police its self is a remarkably poor idea
> >> though.
> >> lee
> >>
> >
> > Sensible regulation is a good idea. But the people who will craft these
> > regulations which are likely to be extremely reactionary and poorly
> > thought out are the same ones who handed out our money to the bankers
> > and brokers because of the "banks are too big to fail buzz" they
> > created. I seriously doubt the "smartest man in Congress" (barnie frank)
> > who insisted everything was just OK is cable of collecting the money at
> > an elementary school bake school let alone crafting sensible and
> > effective regulation.
> >
>
> every time i see right-wingers blame the mess on barney frank, i luagh
> hysterically.


Barney Frank aka "FAG" is a *disgusting* creature, blake...he's a big fat
LOUDMOUTH who spits when he talks...he is SO ill-mannered that he can't let
anyone else get a word in "edgewise"...plus which the d00d is a certified
PEDERAST, a real creep. UGH...!!!

His handprints are ALL over this current financial mess, too...


--
Best
Greg

"The trouble with socialism is that you eventually run out of other
people's money."~~~~Margaret Thatcher