Following a 263-171 vote in the House of Representatives, President Bush signs into law the Emergency Economic Stabilization Act of 2008, a $700 billion lifeline for the financial industry.
Good News? We shall see. It's been said that it will take at least six months for this bailout to really begin taking effect. During the next six months, how many more major corporations will fold? During the next six months how many more thousands of people will be unemployed? And how many more millions will be unable to pay the mortgage and therefore result in foreclosure?
But here's where "other" wisdom and discernment comes in. I happened to receive an email which highlighted how one concerned citizen would divvy the funds to benefit many Americans.
He calculates:
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 $700 billion that equals approximately 3.5 million
My plan is to give 3.5 million dollars 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 $1,050,000.00 in taxes. That sends $210,000,000,000.00 right back to Uncle Sam.
But it means that every adult 18+ has $2,450,000.00 in their pocket. A husband and wife has $4,900,000.00
KA-CHING!!! -- My words, not his --
continuing ...
What would you do with $2,450,000.00 to $4,900,000.00 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, Hewlett Packard 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 a $700 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 $700 Billion Bucks.
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.
And remember, The Birk plan only really costs $490 bllion because $210 billion is returned instantly in taxes to Uncle Sam.
Not bad, huh? I have to say it seems quite a bit of thought was put into this. However, I'd have to dispute GIVING a large sum of cash to ANYONE who hasn't worked for at least 15 years full time. Call me bitter. I don't care. I've been working from age 15, got credit at 16 and been in debt ever since!
Nonetheless --- What would be your plan of action for a $700 billion dollar bailout? If that's a little too mind boggling for the present, how about sharing what you'd do with a cool $2,450,000.00 to $4,900,000.00?
UPDATE AND CORRECTION:
Our appologies for the misinfomation. Yes, this gentleman's calculations are incorrect. It actually works out to $3,500.00 per person. What can one do with that? Well after Uncle Sam gets his cut, it boils down to $2,450.00 --I'll let you, the BV audience take it from here ...

Comments: (37)
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By: modestlyshy on 10/06/2008 10:45PM
Should not all of you who are saying that the caculations are incorrect, be dividing the amount of dollars (billions), by the number of people (millions)? I know it will never happen, but I like his thinking.
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By: Sanora Surrell on 10/06/2008 11:23PM
hey you guys, don't get your hope up to high. This is nothing we havn't heard before, so believe it when you see it! And that's real talk.
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By: Sanora Surrell on 10/06/2008 11:26PM
let's believe it when we see it
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By: TOP GUN on 10/06/2008 11:30PM
It’s sad that some of you can’t count. It’s 700 BILLION not million. Even if it was 700 million divided by 200 million, would be $3.5 million before taxes to everyone. Simple math. Most people don’t have a calculator that has enough decimals on it. Even the person that wrote this article is wrong. It’s actually $35 MILLION per person before taxes. 700 BILLION is a lot of money. Our whole entire economy would collapse, because most people would quit their jobs!
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By: Cherokee on 10/07/2008 12:40AM
In 1997 during President Jimmy Carters administration the Community Reinvestment Act was passed. The act represented the laudable goal of eliminating the practice of "Red-Lining" that was happening in the black community but evolved into extortion with it's mandate to give loans to members of minorities that possessed questionable credit histories. Quite naturally lending institutions coughed up the money rather than be blamed as racist and dragged through the courts. The politically correct pressure was administered by activist groups like ACORN and also members of congress. The fuse was lit and now the bomb has exploded in our laps. Most surely,people who signed for homes knowing full well that they could not handle it financially bear some of the blame but the most responsible was this attenpt at social engineering by Democrats. Yes Democrats! I know most of you black folks don't want to hear the truth but this economy and this society may be at the treshold of collapse because of wrong headed policies by Democrats. I give it to the Dem's though. They have been fooling black folks for decades. They have blacks thinking that it is the Republicans that are against them and not the Democrats. The average black person has no concept of the FACT that the Klu Klux Klan and the Red Shirts and other terrorist organizations were started by the Democratic Party. How many of you know that when the Civil Rights Bill and the Voting Rights Bill were passed more Republicans voted to pass those pieces of legislation than did Democrats? How many of you have bothered to check the record and see that in 2001,2002 and 2003 the Bush administration warned repeatedly about the toxic Fannie Mae and Freddy Mac? No,you all were to busy hating whites in general and Republicans in particular. In 2006 John McCain warned about these two GSE's in a speech on the Senate floor. Some of you may remember Alan Greenspan,he also warned congress about the problems that were going to happen if something was not done about these two GSE's. But true to form, Democrats blocked legislation that would have delivered us from what we now are facing. And still to many of us black folk are willfully ignorant of the horrendous damage that we do to ourselves. And now like lemmings over a cliff you're all running after Obama who is preaching communism but none of you seems to see the other shoe thats getting ready to drop. With the economy as it is may God help us if he gets in and raises taxes.
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By: Anastasia Semien on 10/07/2008 1:21PM
This financial bailout plan is okay, but there seems to be several components that are missing. It is clearly outlined that the executives of these companies will be paid a little less of the fortune that they are already receiving and will face higher taxes, but what about the ordinary Americans whose taxes are paying for this bailout? Vaguely stating that taxpayers will “have a chance to share in financial companies’ future profits” will not suffice.
With how this is set up, many Americans unfortunately will be left out of this grand plan. Yes, these financial institutions will have funds unfrozen that will be available to lend to the public, but who exactly are they lending to?
A component should have been added to this rescue plan that forces these companies to reach a minimum quota for lending to minorities. These companies should also have had to put in place a program that helps people with unhealthy credit acquire loans. They should again have a minimum quota for this initiative. Forcing these institutions to submit a yearly report outlining in detail these components will keep create true, positive change because numbers do not lie.
By implementing these components, every American will benefit from this rescue plan, not just the top execs and those with fair skin or good credit. This will create a fairer America and will assure taxpayers that their $700 billion was not wasted and actually bettered the lives of many Americans.
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By: poor sinner on 10/20/2008 8:43AM
. The corrupt have violated many laws and believe with out a thought they and have the money to pay off any who try to Enforce the law. Solution Enforce the Laws.
The Criminal so above the law so bold they went on TV and spilled the beans.
Quotes "MANY ARE TO BLAME"
Law Dictionary; A conspiracy exist when the parties use legal means to accomplish an illegal result,
Fed lowers Interest to prop Fannie and Freddie 2001 to mid 2003 the Federal Reserve lowered its interest rates 13 times, from 6.25 to 1.00% overnight rate averaged 0.68% June 2004, the Federal Reserve System target interest rate continued to do so 17 straight times
In March 2006, the Federal Reserve ceased to make public M3, arguably the most reliable means of measuring the money supply declared that the costs of collecting this data outweighed the benefits
Here's the kicker
The Fed needed to increase rates not lower them
Quote". overnight overdrafts (more than three occurrences in any 12-month period), the overnight overdraft rate increases by one percentage point for each additional occurrence."
So Conspiracy Proven[ CEOs, Fed, Congress]
Now Every one on Earth Heard congress say the bail out is just bribery; Encyclopedia any item of value to influence the actions of an official in discharge of a public or legal duty.
Bribery Proven
Political corruption is the use of governmental powers by government officials for illegitimate private gain. So America The Violations or so many that the Criminates truly believe they are above the law, Hell Above God Lie under oath as one would say Good Morning
. THE SOLUTION THAT WILL FIX EVERYTHING , AND KEEP corruption like this FROM COMING BACK
AMERICAS MUST DEMAND ENFORCEMENT OF THE LAW.
America must Demand recovery for UNJUST ENRICHMENT
Knowledge is immaterial under the law of unjust enrichment
Wed, 4 Jan 2006 17:23:00 -0500
Re: Unjustly enriched executive
"Former HealthSouth Corp. chief executive officer Richard Scrushy has been
ordered by a judge to repay his former company more than $47.8 million in
bonuses, according to published reports. ... Judge Allwin E. Horn III of
Jefferson County Circuit Court in Birmingham, who made the ruling as part of
a summary judgment in a shareholder lawsuit, determined that Scrushy is not
entitled to the payments whether or not he participated in the fraud or knew
about the scheme."
"While the company initially reported profits during the period, Horn wrote,
HealthSouth really lost money, making Scrushy and other executives
ineligible for any bonuses."
'Knowledge is immaterial under the law of unjust enrichment,' the judge
reportedly wrote. 'Scrushy was unjustly enriched by these payments to the
detriment of HealthSouth. And to allow Scrushy to retain the benefit of
these payments would be unconscionable.' " Proven by Fact
Corruption spent $500,000.00 on a party because they think Americans are stupid. Breaking the laws, means nothing to one that have on Honor for there position or even the oath they have taken. The Why and How. Why easy GREED. How The one person that had Honor And Respect for the Position he held retired. YES MR. Greenspan. No B.S. That is Fact. Look what the Fed has done. Lower rates more, at large amount, with out notice, like never in the history of America. WHY WHY To prop up number on Freddy ,Fannie and many more needing Bail out. A False perception. Why is it hitting the fan now. America the fed rate is at 1% and they are going to move it down to 0% it can go no lower. The perception of bad mortgages is all B.S. Think 200 CEO in just one firm making $100s of millions. Give each foreclose $500,000.00 and it comes to only $400B The Numbers are not even reasonable. Americans Now the Good News News so good it is time for us to have a party. American must demand . Enforcement of the Laws
.Recovery of money but more than money this will stop the leaks/corruption in it tracks.
Over 1000 CEO have been unjustly enriched. CEO must repay over
$300B in bonuses.
Unjust Enrichment by laws recover from years back America the amount of info, Facts, would put
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