Ann Hayden's Real Estate Blog

Help me here.  Why Now?  Why is this crisis so important now?  It has been building for at least the past two years.  Where were the people with the plan to fix the problems then?  How is $700 Billion going to make this go away? 

Now the President and Congress want to hurry and sign a bill for a problem it took years to create.  Our economy is in trouble, I have not doubt.  But does this seem like the way to solve the issue?  No oversight and no accountability seem to be the way we got into this mess, not the way to get out of it.

Like the picture with this post, it is a little blurry what is going on.   

I like the "We Deserve It Dividend Plan".  The plan is to take the $85 Billion bailout for AIG and give it to each 18+ year old person in the US approximately 200,000,000 people.  So that means $425,000 for each person over 18.  Now we would be happy to pay the government 30% (127,500) leaving $297,500.00 for each person.

The government gets $25,500,000,000 and each 18+ year old gets to jump start the economy with the plan money.  Now what could you do with this money?  Pay off your house?  Buy a new car?  Pay for college?  Create new jobs?  The list is seemingly endless.  This would help our economy and every household in the United States. 

Let's bailout every citizen in the US and end this financial crisis.

(I would give credit to the author of the plan but I do not know who it is).  Thank you unknown author.  This is a great plan however, the author made a few mathematical mistakes.  The plan requires a few more zeros to work.  It would cost nearly $60 trillion after the tax payback.   In theory, it is better than paying the corporations who caused the problems.