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NinevehDinha's Blog

by NinevehDinha from Salt Lake City, UT

Last Post 2 days Ago


I want your thoughts. The House rejected the bailout bill. In a 228-205 vote, 40 percent of Democrats and two-thirds of Republicans (according to the AP) said no to the 700 billion dollar bailout. Despite warnings about a financial meltdown from President Bush, the bill did not pass. As investors waited to hear word, stocks tanked. The Dow plummeted nearly 700 points. As of noon, the Dow was down more than 400 points. We'll see how it closes. 
The question now is: where do we go from here? What does Congress plan on doing next?
What are your suggestions? We've already discussed how we got into this mess, now how do we dig ourselves out?


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Member Comments Total Comments: 11
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Shelly13 read my blog view my photos
Sep 29, 2008 | 4:03 PM

We apply for our passports, buy our tickets and we GO...I have seen enough of this conduct to have earned my ride into Heaven or Sweden!!`

Call me when you're ready!`...packing now...;););)

kids and S13 over and out

tooshortdog read my blog view my photos
Sep 29, 2008 | 7:46 PM

I want to know when are going to hold the ones responsible accounatable.
I will likely never see it happen.

YyinYyangMan read my blog view my photos
Sep 29, 2008 | 8:18 PM

The simple truth behind any dis-ease is one must change the habits of what presented the dis-ease in the first place, then work on recovering from it. I dont see the United States as a whole changing these very poor economic habits any time soon, so I would likley wonder what good a temporary fix would do. Until, the other side of spectrum is looked at. If the credit market does not get some type of assistance, bailout or investment soon we are likley to see a total collapse or freezing of the economy to which we might not see the end of for quite a long time. So the way I see it the only logical choices we as a society have is to negotiate and allocate an immediate reinvestment/bailout then change the methodology of the US economic system. I can see the former happening after Congress and the House wait until people are scared out of their minds and the later is the last thought anyhow. Hope for the best and we'll see how itturns out.

MacAllen read my blog
Sep 29, 2008 | 10:52 PM

First things first we can not just look at today.
We need to ask ourselves how did we get here in the first place. What were the contributing factors. Then fix it from their. Tell we fix this issue step by step it will never be solved.
But then you got to understand markets never just grow they fall and rise if they always made money then everyone would be rich. Its part of business.

I personally have no problem with letting investors and people lose there money.
Its their fault not mine.

EXAMPLE....
They loaned Jo 300,000 thousand dollars to buy a home then 40,000 to buy a truck then 30,000 to buy his wife a Suv. 20,000 for a trailer and 10,000 dollars for 4wheelers plus gave them credit cards. WoW talk about a mistake hummm. Then Jo gets in a little financial trouble and they decide to see if they can refinance their home so they can pay off there vehicles, credit cards ect ect. The finance company has there home appraised and the appraiser, says Jo your homes worth 450,000 Jo tells his dumb wife honey I can save everything well just refinance our home we got 100,000 dollars in equity.LoL like its there money....
They refinance there home with was truly only worth 250 k on the market but now they are stuck paying 400,000 dollars back LoL.. Thats not including interest. But now if he was to sale it he needs to get enough out of it to pay off all of his crap. So bank value its 400k
So now Jo is proud he solved there problems he decided he is going to pay for all of his vehicles for thirty years lol and all of his toys and credit card debt for the next 30

fjswife
Sep 29, 2008 | 11:08 PM

HERE'S A CREATIVE THOUGHT

Subject: The Birk Economic Recovery Plan

Hi Pals,

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 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

fjswife
Sep 29, 2008 | 11:08 PM

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 Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.
And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

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

Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as it's either good for a laugh
or a tear or a very sobering thought on how to best use $85 Billion!!

NinevehDinha read my blog view my photos
Sep 30, 2008 | 5:23 AM

fjswife...got that email too! You make a good point, more money in our pockets instead of out of our pockets.
Does anyone find it "interesting" that several members of Congress who are up for re-election also voted against the bailout plan?
And some politicians (as usual) are pointing fingers, accusing House Speaker Nancy Pelosi of spoiling the deal with her speech prior to the vote.
Any thoughts on that?

akiame read my blog view my photos
Sep 30, 2008 | 9:33 AM

Oh Gee, Blame Pelosi... The truth is The rotten plan was spoiled from the start it didn't just magically turn sour!

Yes I found it interesting that the people NOT up for re-election voted for the plan... BIG Business and Government setting in a tree K-I-S-S-I-N-G. First comes money, then comes corruption, then comes living fat on the common mans back!

I like the giving money to the common man plan. BAIL US OUT!!!

Mariposa_Xochipilli read my blog
Sep 30, 2008 | 8:28 PM

Both Utah House members who are up for re-election voted against it so as not to jeopardize their re-election chances.

Those are the only two House members we should concern ourselves with.

NinevehDinha read my blog view my photos
Oct 1, 2008 | 6:52 AM

Don't call it a bailout plan! The government is now rebranding the name: EMERGENCY RESCUE PLAN. The newly revised bill goes to the Senate for a vote. That will put pressure on the House. What do you think about the revisions?
It includes tax breaks for businesses and lifting some of the burden of middle-class taxpayers. Also under the new plan, the FDIC would protect your money in the bank up to 250,000 instead of 100,000.
Let me know!

lifeliberty read my blog
Oct 1, 2008 | 8:22 AM

It's really simple. The economy is not the government's purview in a capitalist economy. That means there should be neither a government bailout nor a government redistribution of wealth.

It's the taxpayer who always suffers. Hands off our money and no deal with this or any other socialsist administration

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NinevehDinha

I start off every morning waking up our viewers, and it's always a pleasure! I'm happy to be part of Fox 13's Good Day Utah team. I anchor bright and early from 5 to 6 a.m. You can also catch me on the streets reporting for both GDU and Live at 11.

Member Since: 2/20/2007