Comments on: American Ingenuity From A Small Guy http://www.biggerpockets.com/renewsblog/2009/03/27/american-ingenuity-small-guy/ Learn, Network, Invest Sat, 11 Feb 2012 23:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tom Koziolhttp://www.biggerpockets.com/renewsblog/2009/03/27/american-ingenuity-small-guy/#comment-64794 Tom Koziol Mon, 30 Mar 2009 18:35:51 +0000 http://www.biggerpockets.com/renewsblog/?p=4726#comment-64794 Oops, Brendan is right. I too made an error with the math. However, in my defense, I will say the proposal still has more of the handout coming back to the Treasury than any other proposal I've seen coming out of Washington. And, every last dime of it is accountable vs the garbage programs Congress has already foisted on us. Aslo, over the long run I'd bet all of the 40 trillion would be back in the coffers. Don't know that for sure but am willing to bet in that direction.I'm not sure having 40 trillion floating around isn't a bad idea especially if it isn't in the hands of the elite few as it is now. But, 40 trillion could still be a hard pill to swallow -:) Oops, Brendan is right. I too made an error with the math. However, in my defense, I will say the proposal still has more of the handout coming back to the Treasury than any other proposal I’ve seen coming out of Washington. And, every last dime of it is accountable vs the garbage programs Congress has already foisted on us. Aslo, over the long run I’d bet all of the 40 trillion would be back in the coffers. Don’t know that for sure but am willing to bet in that direction.

I’m not sure having 40 trillion floating around isn’t a bad idea especially if it isn’t in the hands of the elite few as it is now. But, 40 trillion could still be a hard pill to swallow -:)

]]> By: Tom Koziolhttp://www.biggerpockets.com/renewsblog/2009/03/27/american-ingenuity-small-guy/#comment-64793 Tom Koziol Mon, 30 Mar 2009 18:27:08 +0000 http://www.biggerpockets.com/renewsblog/?p=4726#comment-64793 One was not provided in the email from my friend and I did not look for one. As I say in the post, I don't care if the article was really written in the newspaper. I liked the idea so I wrote about it. I believe any bailout money should be given to the people who are in trouble and not to the B******* who caused the problem. One was not provided in the email from my friend and I did not look for one. As I say in the post, I don’t care if the article was really written in the newspaper. I liked the idea so I wrote about it. I believe any bailout money should be given to the people who are in trouble and not to the B******* who caused the problem.

]]> By: Erichttp://www.biggerpockets.com/renewsblog/2009/03/27/american-ingenuity-small-guy/#comment-64792 Eric Mon, 30 Mar 2009 18:14:34 +0000 http://www.biggerpockets.com/renewsblog/?p=4726#comment-64792 So the newspaper is mentioned - is there a link for the actual article? So the newspaper is mentioned – is there a link for the actual article?

]]> By: Joshua Dorkinhttp://www.biggerpockets.com/renewsblog/2009/03/27/american-ingenuity-small-guy/#comment-64745 Joshua Dorkin Fri, 27 Mar 2009 18:09:21 +0000 http://www.biggerpockets.com/renewsblog/?p=4726#comment-64745 Tom - it is a good concept, but Brendan is right on this one . . . the math puts this plan at $40 trillion. There are certainly much cheaper ways that would be highly effective than spending $40 Trillion. Tom – it is a good concept, but Brendan is right on this one . . . the math puts this plan at $40 trillion. There are certainly much cheaper ways that would be highly effective than spending $40 Trillion.

]]> By: Brendanhttp://www.biggerpockets.com/renewsblog/2009/03/27/american-ingenuity-small-guy/#comment-64740 Brendan Fri, 27 Mar 2009 16:24:10 +0000 http://www.biggerpockets.com/renewsblog/?p=4726#comment-64740 Hard to believe any idea could be more expensive than the ones our friends in Washington have had so far, but this is it. $40 million * 1 million is $40 trillion. This is three times the entire GDP of the United States.However, cost is no object to our friends in Washington! Their real issue would be with the lack of control. Simply handing out checks of that size would not provide much opportunity for speechmaking, bribery, incompetent micromanaging, etc. Hard to believe any idea could be more expensive than the ones our friends in Washington have had so far, but this is it. $40 million * 1 million is $40 trillion. This is three times the entire GDP of the United States.

However, cost is no object to our friends in Washington! Their real issue would be with the lack of control. Simply handing out checks of that size would not provide much opportunity for speechmaking, bribery, incompetent micromanaging, etc.

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