So, how low will it go? The NYSE that is, Dow Jones?
The fear has gripped not only our economy but worldwide trading is insane. Markets world wide are crashing.
So, is this part of the "end times" scenario described in great detail in Daniel, Ezekial, the minor prophets and of course Revelation?
I don't know for sure, but with this and the absolutely SUDDEN rise out of nowhere of Barack Obama (no I don't think he is the Anti-Christ, he is just a guy who mirrors very closely how quickly and easily the REAL anti-Christ will rise and fool many people, especially the Church!), it is both scary and exciting as Christians.
"On Christ the Solid Rock I Stand, all other ground is sinking sand, all other ground is sinking sand."
The Lord is My Rock, He is my strong provider, on Him will I lean for all of my strength and wisdom!
Friday, October 10, 2008
How LOW can you GO?
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3 comments:
That's pretty funny with the "sudden rise". He surely didn't come out of nowhere. But, couldn't the same thing be said of Sarah? She scares me much more than Obama. Especially since her husband was a member of a group that wanted Alaska to secede from the Union...
And I have solved the problem single-handedly...
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 adults in the U.S.
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 into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 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 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 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 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.
If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen!
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 more than 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.
I LOVE THAT IDEA MATT!!!
Similar situation:
Phil Knight of Nike gives $100million to the UofO for it's athletic department last year.
I'm standing by him at a game and throw out the idea of instead giving that money to all 2 million Oregonians and let us spend it, save it, or whatever, and see what happens to our economy.
He looks at me like I'm from Mars!
Oh well, I do like the idea, I hate bailing out these scumbag bankers and brokers.
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