How can the federal Reserve pump over 600 billion into the market when the bailout bill was just defeated?

[romain r]

http://www.campaignforliberty.com/

At least social security, the market, the dollar is safe for now, but not for long.

Was this a smokescreen and the Fed reserve will do what it wants without any oversight?

[duvvbrand]

I think the house Republicans surprised EVERYbody---they've blindly followed whatever the president has wanted for 7 years, BUT TODAY, they grew their balls back.

This would have been the nail in the coffin of America the Republic....it would have put the financial industry under the control of the Fed. Govt. That is very similar to fascism.

America is going to hurt. But just like alcoholics have to hit bottom, so does the corporate world who has been getting drunk on excess profits. They EXPECTED to get bailed out. This is a hard lesson, but the country needs to learn it.

NO BAILOUT!!!

[semisweetgirl]

Maybe we should vote for the guy who wrote this

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 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 $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 have $595,000.00.
hat 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 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 Dese rve It Dividend' more than I do the geniuses at AIG or in Washington DC.

And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Talk about a stimulus package!

Ahhh...I feel so much better getting that off my chest.

Kindest personal regards,
A Creative Guy & Citizen of the Republic

Hell of a plan don't you think??

[The Violator!]

The Fed pumped in $188bn A DAY to banks last week alone... way more than is on the table here.

[Ron C]

Well, the We Deserve It Plan has one fatal flaw... the math! $85B
divided by $200M is $425 NOT $425,000. I became pretty excited when I read it... on the surface it was brilliant. I guess we need another plan.
As for the Fed's $600 Billion... it was in the form of currency swaps and other murky multi central bank transactions. A portion of the $600B ended up overseas in exchange for other currencies. Central bankers are obviously frightened to death... what else explains such a historically massive infusion. They know the things that we will never know... if they're shaking in their boots.... I'm terrified....