The Economy. Never Fear America, I’m On It

Although I’m currently in Nashville with Eyegal (saw Hansard/Irglova at the Ryman last night–it was pure magic!), I’m coming home. Following the lead of Senator McCain, I have decided to suspend this mini-vacation and all my daily activities, including personal hygiene and marital relations, until such time that we have a bailout deal in hand.

Speaking of bailouts, here’s some of the apparent rationale for the $700 billion requested by Treasury:

“It’s not based on any particular data point,” a Treasury spokeswoman told Tuesday. “We just wanted to choose a really large number.”

Data, smata–who needs it? Since we can just pull very large numbers out of thin air, may I choose the amount of my tax refund year?

The economy. Never fear America, I’m on it.

  1. Jeff Slater

    The men and women running things in Washington are a bunch of idiots. All of them, regardless of party affiliation. I’m sorry if that offends someone, but it’s the truth.

    Of course, what does it say about us that we keep sending the same ones back there?

    We need a clean sweep — another mini-revolution like 1994…

  2. bpb

    You’d have to laugh if it wasn’t so serious . . . I so hope people can see thru this haze and get the republicans out of the decision-making places.

  3. Hal

    Here’s a tongue in cheek solution that someone emailed me today:

    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 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 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 f or 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 plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

  4. cg

    If I recall correctly, it was the Democrats who initiated the lowering of loan standards that got us into this mess.

  5. Stoogelover

    Dude, if you’re on it, I’m going to relax and let you handle it.

  6. Mike the Eyeguy

    The Eyeguy goes to Washington…I like the sound of that.

    Did you see how the market rallied today? The power of the blog!

  7. mmlace

    Whew! I WAS worried! But now I can rest easy!

  8. doublevision

    I feel better now. The Eyecare Plus stock just soared thru the roof. Thanks Eyeguy!

  9. Laurie

    I’m ignoring the economy and focusing all of my emotions on my jealousy over the fact that you saw Hansard/Irglova.

  10. Mike the Eyeguy

    Stocks are up for the second straight day and the debate is on! Ask not what you can do for your country, that’s my motto!

    Now that that’s out of the way, I can get with Nick and go over the game plan for tomorrow.


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