[Vision2020] rebate checks

Fri May 9 10:09:03 PDT 2008

Gary,

Did the government force risky mortgages?  Were the securities bundled at the behest of the government?  

No.  Government enforced 'fairness' had nothing to do with this.

Sunil

From: jampot at roadrunner.com
To: ophite at gmail.com
Date: Fri, 9 May 2008 06:09:42 -0700
CC: vision2020 at moscow.com
Subject: Re: [Vision2020] rebate checks

I am, for the most part, not a fan of 
corporate bail outs either. But since your question is how is bailing out the 
banking industry any less "welfare" than giving poor people money to spend on 
food a reply is in order. The banking industry pays huge amounts in taxes and 
employees many, many people. Poor people pay no taxes and employee no one. The 
government in its bail out of selected banks is returning a small percent of the 
tax money it received to the organization that has paid in significant 
amounts in the past and will pay more in the future. Poor people not so much. 
Banks kept open will continue to provide jobs. Poor people subsidized will only 
create more poor people. An argument can also be made that a portion of the 
banks problems were brought on by the government forcing them to extend credit 
to a much riskier pool of borrowers in the name of "fairness." The government, 
for all its faults, does not create poor people. It might encourage them to stay 
that way but it generally doesn't put them there in the first 
place.

g
----- Original Message ----- 
From: "Andreas Schou" <ophite at gmail.com>
To: "g. crabtree" <jampot at roadrunner.com>
Cc: "lfalen" <lfalen at turbonet.com>; <godshatter at yahoo.com>; "Vision2020" 
<vision2020 at moscow.com>; "Tom 
Hansen" <thansen at moscow.com>
Sent: Thursday, May 08, 2008 11:52 PM
Subject: Re: [Vision2020] rebate 
checks

> Gary --
> 
> Explain to me how the government bailout of 
the banking industry is
> any less "welfare" than giving poor people money 
to spend on food?
> 
> -- ACS
> 
> On Thu, May 8, 2008 
at 5:00 PM, g. crabtree <jampot at roadrunner.com> 
wrote:
>> Far be it from me to speak for Roger but, in the case of 
checks being cut
>> for people who haven't paid any taxes, don't call 
it a rebate as the subject
>> line implies. Call it what it is. Wealth 
redistribution in the form of a
>> flat out gift. A handout. Welfare by 
alternate means. Whether you think
>> that's good or bad is immaterial, 
it's not a return of hard earned
>> compensation and it will do the 
economy precious little good. As Roger said,
>> a potentially better 
tactic would have been a reduction in the tax rate,
>> preferably 
corporate and personal.
>>
>> g
>> ----- Original 
Message -----
>> From: "Tom Hansen" <thansen at moscow.com>
>> To: 
"lfalen" <lfalen at turbonet.com>; <godshatter at yahoo.com>; 
"Vision2020"
>> <vision2020 at moscow.com>
>> Sent: Thursday, May 08, 2008 12:17 PM
>> 
Subject: Re: [Vision2020] rebate checks
>>
>>
>>> 
So -
>>>
>>> Roger Falen is suggesting that it would be 
wrong for those who "never
>>> payed taxes" to receive a stimulus 
check?
>>>
>>> "People that never payed taxes" are those 
who are not part of any tax
>>> bracket . . . the 
poor.
>>>
>>> Is this right, Mr. 
Falen?
>>>
>>> Tom Hansen
>>> Moscow, 
Idaho
>>>
>>>> I don't think that they will help the 
economy. It is our money that they
>>> are giving 
back.
>>> I some cases it is givin to people that never payed taxes 
to begin with.
>>> In this case it
>>> is a transfer of 
money form those that earned to to those that did not.
>>> It  
would have
>>> been better to have reduced taxes and saved the 
administrative expense.
>>>> Roger
>>>> 
-----Original message-----
>>>> From: Paul Rumelhart godshatter at yahoo.com
>>>> Date: Wed, 07 May 2008 19:51:21 
-0700
>>>> To: Vision2020 vision2020 at moscow.com
>>>> Subject: [Vision2020] rebate 
checks
>>>>
>>>> > I hate to detract from the 
abortion and Mexican Consulate threads but
>>> I
>>>> 
> was just wondering what people here plan on doing with their 
rebate
>>> checks.
>>>> >
>>>> > 
Do you think they are a good idea?  Will it help the economy of 
the
>>> US?
>>>> > How about our local 
economy?
>>>> >
>>>> > Have you gotten yours 
yet?
>>>> >
>>>> > For myself, I plan to 
throw $200 of it at my line of credit at the
>>> 
bank
>>>> > that I'm trying to pay down (it's the last debt I 
have that isn't
>>> backed
>>>> > up with a house 
or a car) and spend the rest on some stupid gadget I
>>>> > 
don't need, possibly a Wii.  That's assuming I can find one.  If not 
a
>>>> > Wii, then maybe a Kindle.  If not a Kindle, then 
I'll probably just
>>> put
>>>> > it in my 
checking account and let it help me keep from going 
negative.
>>>> >
>>>> > 
Paul
>>>> >
>>>> > 
=======================================================
>>>> 
>  List services made available by First Step 
Internet,
>>>> >  serving the communities of the Palouse 
since 1994.
>>>> 
>                
http://www.fsr.net
>>>> 
>           mailto:Vision2020 at moscow.com
>>>> > 
=======================================================
>>>>
>>>> 
=======================================================
>>>>  
List services made available by First Step Internet,
>>>>  
serving the communities of the Palouse since 
1994.
>>>>                
http://www.fsr.net
>>>>           
mailto:Vision2020 at moscow.com
>>>> 
=======================================================
>>>>
>>>
>>>
>>> 
"People who ridicule others while hiding behind anonymous monikers 
in
>>> chat-
>>> room forums are neither brave nor 
clever."
>>>
>>> - Latah County Sheriff Wayne Rausch 
(August 21,
>>> 2007)
>>>
>>> 
---------------------------------------------
>>> This message was 
sent by First Step 
Internet.
>>>           
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>>>
>>>
>>> 
=======================================================
>>> List 
services made available by First Step Internet,
>>> serving the 
communities of the Palouse since 
1994.
>>>               
http://www.fsr.net
>>>          
mailto:Vision2020 at moscow.com
>>> 
=======================================================
>>>
>>
>>
>> 
=======================================================
>>  List 
services made available by First Step Internet,
>>  serving the 
communities of the Palouse since 
1994.
>>               
http://www.fsr.net
>>          mailto:Vision2020 at moscow.com
>> 
=======================================================
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>
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