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-   -   $700,000,000,000 (http://www.pixies-place.com/forums/showthread.php?t=33464)

Scarecrow 09-28-2008 01:28 PM

Everything goes up and the world still revoles around the sun. Prices just go up faster than wages. All the bitchin' in the world will not change that. And the greedy will take all they can.

Lilith 09-28-2008 01:30 PM

Coaster, interesting email. I trust that we could indeed solve the issues ourselves.

jseal 09-28-2008 02:53 PM

Coaster,

An amusing alternative! TY.

dicksbro 09-28-2008 04:49 PM

I like Coaster's approach. Let's elect him as our next President. :)

Heck, what if we extended the whole $700,000,000,000 to the same solution. That'd be better than a chicken in every pot. :D

PantyFanatic 09-28-2008 07:18 PM

Coaster, I think it was a politician/MBA/Wall St policy maker that sent you that email with the new math. They have a problem with the decimal point when it is the $$$ being sent to US. They only double check it when it is what WE have to send it to THEM.
By my old math method, (8.5)(10^10) / (2)(10^8) = $425.00. After that 30% tax, $297.50 is what would be in your pocket. :shrug:

osuche 09-28-2008 08:03 PM

Another cut at the math....

the US household population in 2006 is 291,332,841 (http://factfinder.census.gov/servle...sheet_0&_sse=on)



Which brings the average payment per house hold to $2402.75 per household BEFORE TAX. After tax, that's about $1680.

So, the question is....what would you do with $1700? If you used this money to pay on your mortgage or credit cards or car loans, then you'd be basically giving it to the same people who needed bailing out.

Do you think this method is better than giving it straight to those companies, or does it functionally make a difference?

rabbit 09-28-2008 08:04 PM

Quote:
Originally Posted by scotzoidman
Short for neo-conservative...another one of those tags created by the "liberal media", no doubt :wink:

:huh:



ahhh...got it. Thanks.

Coaster 09-29-2008 12:30 AM

Thanks.... I didn't check the math!!!! It was an email that I just forwarded!

Osuche, I guess the only difference would be that I'd owe them less money if I were using it to pay down a bill. Now our taxes will go up to pay off this debt.

Now instead of it taking 5 months pay to settle our taxes it will take 6 months!

Scarecrow 09-29-2008 12:37 AM

Read my lips, No new .....................

dicksbro 09-29-2008 04:03 AM

Quote:
Originally Posted by osuche
So, the question is....what would you do with $1700?


PAGAN 09!! :D

jseal 09-29-2008 01:21 PM

A bit of a bad scene in the House. The bailout/rescue plan was voted down by 228 to 205 votes. Not one of Congress' better days.

gekkogecko 09-29-2008 04:07 PM

This has gotten beyond ugly
 
http://news.yahoo.com/s/ap/financia...P5YjBVeGs0N UE

summary: the US House of Representatives, by a vote of 228-205, has rejected the $700bn bailout bill.

The Down Jones industrial average immediately reacted by 777 points, the absolute worst one-day drop, in terms of points. It is worth noting however, that in terms of percentage, it is not worst than either the crash in October, 1987, or in October, 1929.

Oldfart 09-29-2008 04:25 PM

In a system based on confidence, this is a catastrophy.

PantyFanatic 09-29-2008 08:12 PM

The system based on confidence has left us confident that for the last decade, the manipulators of the money somebody else made, will stuff their pockets to bursting with it, then try to replace it through their buddies with the key to the tax coffers.

I'm confident they will get it too. :(

WildIrish 09-29-2008 08:38 PM

I understand the need to cut costs and make sacrifices so I'd like to offer to provide my own paint stirs for Lilith's dungeon of homemade sex toys and bdsm devices.

jseal 09-29-2008 08:40 PM

A generous soul!

PantyFanatic 09-30-2008 09:01 PM

I believe the fair thing would be for Halliburton and the Six Sisters to float a quick $trillion$ to keep all the peasants doing their bidding.

jseal 10-01-2008 04:37 AM

On a practical note, the Senate has the opportunity today to move the rescue/bailout package forward. Let us hope that at least there we will find enough bipartisan leadership.

dicksbro 10-01-2008 04:41 AM

I did notice that the oil market raised prices in hopes the government does go another trillion in debt. :(

http://biz.yahoo.com/ap/081001/oil_prices.html

PantyFanatic 10-01-2008 08:11 AM

That ^^^ sure makes me want my government to give money they don't have to the people who's greed screwed this up. I can't wait for them to keep the price of my gas going up. :rolleyes2

Lord Snow 10-01-2008 11:11 AM

Gas around here is going down. It dropped two cents in one day. Granted it's not as fast as it went up, but it's something. However I love the "we deserve it dividend idea". I sure could use that much money and I know just about everyone else could as well.

dicksbro 10-01-2008 11:17 AM

Our gasoline prices have dropped to ($3.46 is the lowest I've seen), but oil per barrel climbed $4.00 according to the news this morning. I'm surprised that gasoline didn't jump. Usually it goes up when they hear a camel stubbed it's toe. :(

jseal 10-01-2008 02:39 PM

dicksbro,

It is interesting to watch the various markets change and twitch as a spending bill this large moves through the Congress.

I also noticed the fall in the DJI as well as the oil price when the bailout legislation (now being referred to as crisis legislation) failed to pass in the House. Now that a revised draft of the legislation is scheduled to be voted on in the kindlier Senate, where passage is more likely, both the DJI and oil prices have ticked up a bit.

Just goes to show how carefully government market interventions must be to avoid inadvertently creating new problems when correcting old ones.

Scarecrow 10-01-2008 04:15 PM

the markets ended up with little or no change today and oil is down about $2.00 a barrel, they are waiting and watching.

Lord Snow 10-01-2008 06:41 PM

It did this with the last bail out proposal. The market was stable and then when it didn't clear it plummeted.

Aqua 10-01-2008 07:15 PM

Quote:
Originally Posted by Lilith
The 1969 Pixies Lixicon reads:

The Gross Domestic Product is equivalent to the most disgusting meal produced in homes around the US which is obviously Tuna Casserole. So


GDP=Tuna casserole

Ya know, it always comes back to hot tuna doesn't it? :fish:

Ya know what else? 700 billion would build a coast to coast pneumatic tube. I could be at your house in no time. :nod:

PantyFanatic 10-01-2008 09:02 PM

You two will have to go to Canada, China or Russia to be further apart :nod: ......... (and keeping you apart is a good thing)





:rofl:

Lilith 10-02-2008 05:08 AM

PF do you know this chick??? http://www.youtube.com/watch?v=S27yitK32ds

PantyFanatic 10-02-2008 08:01 AM

No I don't know her, but I think we both drink the same lake water.


(And you can be SURE no media around here reported on her. ;) )

Lord Snow 10-02-2008 08:07 AM

That was definitely interesting. Don't think it will do much though. Pretty words are just that unless someone can put them into action. I agree. The greedy tycoons that put us in this mess should be the ones to suffer for it. However, the bail out is meant to give businesses the capitol so that they can start borrowing from banks again. Of course that makes it sound like 1929 again. At least it does to me.

gekkogecko 10-02-2008 08:45 AM

Quote:
Originally Posted by Lord Snow
Of course that makes it sound like 1929 again.


Again, and again, and again...

jseal 10-02-2008 09:57 AM

1929 Depression
Unemployment: 25%
U.S. Bank Failures: Thousands

2008 ‘Recession’
Unemployment: 6%
Global Bank Failures: Scores

Scarecrow 10-02-2008 11:37 AM

Why will congress not put the blame where it belongs, on those who changed the rules for banking in the 1990's - CONGRESS.

Lord Snow 10-02-2008 12:33 PM

jseal, please define scores. is that hundreds? dozens? that's kind of a nondescript term.

jseal 10-02-2008 12:44 PM

A score is a group of 20.

Lord Snow 10-02-2008 03:20 PM

Okay.

scotzoidman 10-02-2008 08:48 PM

Comparison of 1929 numbers to 2008 numbers is pretty much apples to oranges. It's a much different world now, with more safety nets in place to prevent, or at slow down, the kind of failures that took place in the last century. Plus, the numbers from '29 are "final" figures, with the benefit of historical hindsight. We don't know what the final outcome of the "crash" of '08 will be...




...yet.

jseal 10-02-2008 09:05 PM

I agree. The US Depression of 1929 – 1933 was so enormously greater than the ‘recession’ of 2008 that they have little in common.

I also think that with sufficient ineptitude Congress can turn the latter into something approaching the former.

dicksbro 10-03-2008 05:21 AM

Quote:
Originally Posted by jseal
I also think that with sufficient ineptitude Congress can turn the latter into something approaching the former.


LOL! I think their motto is, "If it ain't broke, we'll send it back to committee."

PantyFanatic 10-03-2008 06:41 AM

So where does the US Treasury go after committee? :confused:


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