Comments Related To: Request your own personal bailout now - template for letter makes it easy!

I would like to request a bailout mine is partly due to irresponsibility about the same as everyone elses, but I have not given myself a million dollar bonus or any luxurious vacations , I have worked everyday I was suppose to and I haven`t ripped anybody off or stolen anybodies pension or savings I`m just a true average working man 180,000.00 would be plenty for my bailout and I would pay it back.

True Average Worker

Can someone explain to me why the government is bailing out companies that the people owe with money from the people in the first place? Is there anyway people with debts 18 years and older be bailed out without filing for bankruptcy? I think that 700 billion bailout would have wiped out everybody's debt and then the economy will be so much better. Bank CEO's got their 1M bonus..how much was given to the officials they bribed?
So Confused-

This is a great idea, personal bailouts, but with money comes debt. If we add all this money to the economy we aren't getting out of debt, we are creating more. The reasons for our problems is all the 'money' being 'created', when in fact there is no money to create. Every dollar made, earned, spent all equals another dollar in our personal, and federal deficit.

The answer to our deficit is not to give more money, because there is no where for that money to come from unless we rob the rich. (Im not against that one)

We need to start taking money out of circulation, make big wigs and billionaires spend their money and let all these failing, money hungry banks and businesses flop because in the end of their run, they are going to have more money than all of the everyday working man/woman. This is what we get for outsourcing. This is what we get for letting immigrants steal our jobs. And in the end, it's none of our [the everyday worker] faults, but we have to suffer bound by federal shackles and chains. We have to uphold the common decency because our politicians, and big corporations can't keep their hands out of the cookie jar.

-Victor Scott

Money not made nor received nor lost is not real money. It's just the "on paper" worth - for example, the value of a stock that has not been sold. If a stock goes up from 10 dollars to 100 dollars, there is no actual gain in money until the stock is sold at the higher price. Likewise falling stocks represent only a "paper" loss until sold at a lower price. Now VALUE is another matter and may actually exist as the cost and gain from work. That's what productivity is all about. If I make a widget from 10 dollars worth of raw materials into 20 dollars worth of sold product, then that is an increase in value. And if I make one hour's worth of service labor into cash for purchasing goods, then that too is a measure of productivity. So what has that got to do with a bailout? Well, the AIG or General Motors losses are not real money until Uncle Sam bails them out and then the loss becomes real debt for the taxpayer. A personal bailout may add debt as well, but at least the debt for the taxpayer is also the real gain for the taxpayer because it then is converted into productivity by stimulating purchasing, debt reduction (which actually adds value to the lenders). Right from the start I thought a personal bailout to ME would not only rescue my mortgage but would also help my mortgage lender and free up credit for the economy. Top down bailouts do nothing more than change "paper" losses into taxpayer debt without adding to value or productivity.

If Only This Would Or Could Happen, I Would Not Be Sitting Here Laid Off After 11 Continous Years Of Work, Dead Broke, Wishing I Had Just Enough Money To Pay My Bills, And Wondering How Long Before I Lose My Home. Weve Paid The Government In Time Of Need. When Do We Gwt Ours? God Help Us!