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OK, I think I got this time
<font color="#0000FF" size="4">It wouldn't work. Sorry, but do you really think that everyone who gets that huge a chunk of money is going to put ittowards paying off their mortgages, loans, etc? Or, if they did pay off their mortgages and loans, they'd be debt free, which would enable them to qualifyfor another loan or mortgage and then they're right back where they started again. If the government is going to dole out that much money to every U.S.citezen 18 and older they need to make it mandatory that every person receiving a payment take a course in money management. Our generation is a part of the"Gotta have it" generation. We are so materialistic. We have to have the biggest, newest, bestest of everything. So many people nowadays don'tknow how to manage money properly. Look at that family who was given a brand new house built for them worth over $400,000 (they were talked about her a monthor two ago). They were completely debt free and they went and borrowed so much money against their house that they were foreclosed upon and now have nothing.Sorry to sound so pessimistic but it's the truth. We get ourselves into these situations and then expect others to bail us out. What's going to happenafter everyone gets a big payout and ends up right back where they are now? It's just a never ending cycle. I really can't think of a solution. Evengiving AIG an $85 billion dollar bailout isn't going to work. They need to take a money management course as well or they're just going to end up rightback where they already are.<br><br><br>~Karen</font>
Maybe I'm an idiot, but I get $425.00, not $425,000.
I know it won't work, we need a fix but I have a big problem with bailing <font style="BACKGROUND-COLOR: #ffff00">out</font> the people that areresponsible for this mess. A lot of hard working family's are losing homes because lose of jobs. These are the people I fill for. I could be one of them inthe very near future. I have worked very hard all my life to to get a nice home, toys etc... Only to have it all put on the line because of these crooks thatour government will bail out to save an economy that the crooks screwed up out of greed. How about including a bill that would help person that lost his or herjob because of this mess that our government sat back, watched and did nothing about until now and look who will benefit from it...
Jono, you are not an idiot. You are absolutely correct. When I received this same email from a friend yesterday, it's the first thing I noticed.<br><br>85 billion dollars divided by 200 million aduts is $425.00 for each adult.
Karen is 100% right. <br>It does not make a difference how much money you give to each adult 18+, there's going to be a large percentage that will waste it away and end up rightback where they were and for half of them you could send them to as many classes as you want there still going to end up broke. You know you can't take itwith you!! <img src="http://static.yuku.com//domainskins/bypass/img/smileys/wink.gif" alt="image"><br><br><strong>Edit for spelling, I need a class</strong>.<img src="http://static.yuku.com//domainskins/bypass/img/smileys/tongue.gif" alt="image">
<blockquote> <strong>Edit for spelling, I need a class.<img alt="image" src="http://static.yuku.com//domainskins/bypass/img/smileys/tongue.gif"></strong></blockquote><p><font color="#0000FF" size="4">LOL Dan. I need a class too. Math class, cuz I didn't even realize the huge calculation error. There's a bigdifference between $425,000 and $425. lol.<br><br><br>~Karen</font></p>
Just thinking out loud here .... seeing as how it's actually $425 and not $425,000 - I'd be willing to bet, most, if not all of that would be pumpedright back into the economy. $425 isn't going to be no saving grace for ANYbody and would most likely would just be blown on something.<br><br>However, the only way we're going to get out of this down-ward spiral is to get people spending again. If everyone went out and spent that $425, that'sa small injection back into the economy which may or may not be enough for this downwards spiral to level off (?)<br><br>I'm no economist by no means .... if I was, I wouldn't be hammering out replies on forums in the middle of the day - but I think it would be a start.<br><br><br>Mark.
<p>I agree with Mr Miron.<br><br><a target="_blank" href="http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview"></a><a href="http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview">http://www.cnn.com/2008/P...dex.html?iref=mpstoryview</a><br></p><br>Richard
But still, its better than giving it to AIG. I also, heard, the president that only has been working there for only a few months, has/had a 4 or 5 milliondoller retirement fund, just sick. Overpaid blanks.<br>Eric
But still, its better than giving it to AIG. I also, heard, the president that only has been working there for only a few months, has/had a 4 or 5 milliondoller retirement fund, just sick. Overpaid blanks.<br>Eric
Well they already gave us 600.00 each and that did not help so I don't see how 425.00 is going to do anything.<br><br>It will buy me a lot of beer.<img height="23" src="http://redlinesonlinemessageboard.yuku.com/domain/bypass/images/confused01.gif" width="25" alt="image">
<blockquote> <strong class="quote-title">twinny4 wrote:</strong> <hr><blockquote> <strong>Edit for spelling, I need a class.<img alt="image" src="http://static.yuku.com//domainskins/bypass/img/smileys/tongue.gif"></strong> </blockquote> <p><font color="#0000FF" size="4">LOL Dan. I need a class too. Math class, cuz I didn't even realize the huge calculation error. There's a big difference between $425,000 and $425. lol. <br><br><br> ~Karen</font></p></blockquote>lulz! It's not so much needing a class. It's easy to not notice because of the sheer enormity of the numbers. That amount of money isstaggering; and the other big figure this week is almost TEN TIMES that 85 billion...<br><br>And would result in each of us only getting $4250.00 at that point ($850 billion)<br><br>
<font color="#CC3300">Well, I want AIG to be saved for a very selfish reason... The stupid moron that hit my husband had AIG car insurance and we aresuing... This bimbo was driving way too fast on the Long Island expressway and actually was too stupid to stay on the brake and hit my husband's cartwice. He hasn't worked since June due to 2 surgeries.. AIG has to pay ....... I do promise to spend some of that future money on redlines. I will buyfrom board members....<br><br>Besides from what I read, not bailing them out will cause thousands of people to lose their jobs and it will hurt the economy even more. They need to beheld accountable. If the money is given, the top management people should NOT be making millions of dollars. Upper management should be canned and notgiven a cent. What where they doing while the company was going down the drain?<br><br>This economy does have me stressed. The value of my house has dropped around 30,000 since the spring. The house value is still more than the mortgage butif this trend continues, in a few years , I will owe more than the house is worth. Other people have lost even more value. <br><br>Check out <a target="_blank" href="http://www.zillows.com">www.zillows.com</a> and see what your house is worth... Then check again in a few months. This was the site thatI used. I know that it is not a perfect site. It does have mistakes.<br><br><br>maribell</font>