Some one forwarded this to me. No, I haven't checked out the logistics but, on face value, it seems pretty good to me! As follows:

"Now here's a bail out plan that works!
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 "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 b e 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

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, this 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.

You don't want to even hear what I think about the stupid mortgage companies
that loaned out billions of dollars to people who they knew had no way of paying
back the loans, with both sides of the equation interested in one thing...fast money.
But it didn't work, and now we're supposed to bail out those idiots too???"

I love the idea that MY money is going to bail out the same companies I OWE money to...

To bail out or not bail out, to me is the equivalent of a slow, let's not pull the plug (yet) kind of death, or a quick one. Either way... seems like a black hole to me.

And while we're at it, let's print up some money! I've got some extra paper lying around in cabinets in my classroom... and a few heavy-duty printing presses in the production room down the hall. It would be worth as much as any new money they're talking about printing to "solve" this crisis.

Zap, while I haven't checked the math (and it wouldn't do any good if I had), sounds like a viable solution. At least it makes more sense than printing valueless paper to bail out valueless companies.

that's the best idea i've heard in days, Cap...

This is an e-mail I've sent to some personal friends... and thought it might be worth posting here as well...



PS: I have already e-mailed both of my representatives as well as my congressman, and there will be phone calls to follow up.

I almost deleted this message as spam... then thought maybe you'd be interested:

I think it may be time to study the French Revolution and take some serious notes. I'm renaming all the major execs at the root of this crisis "Marie" and I'm checking on E-Bay for guillotines.

I'd love to find out how much Jeb Bush was paid by Lehman Brothers in the past couple of years.......and how much he will be allowed to keep.

I wonder if Dubya has taken a page from the Nixon playbook and is dancing naked on his desk yet?

Late word says the bailout has reached an agreement in principle, including limits on CEO pay. I wonder how much of the stolen dollars these bastards already have might be recoverable.