Tag Archives: Bailout

Tinkle, Tinkle, Bailout Blues

Tinkle tinkle, Bailout Blues
Buddy have you heard the news?
Up above the rank and file
Billions added to their pile
Tinkle tinkle, Bailout Blues
Oh, to be in Paulson’s shoes.

Just Say No

Car people are nothing, if not salesmen.

NO. It stands alone as a complete sentence.

Salesmen know how to take NO for an answer.

The three Super Salesmen who flew into Washington on private jets to cajole Congress for billions of dollars Gimme Money for Detroit should be told in no uncertain terms NO, NO and NO.

Roll the tape to hear Senator Corker (R-TN) ask about their overseas EXPANSION.

Yeah, well, that’s ’cause we’re making money overseas. Duh, explain the Automakers Extraordinaire.

Can’t you transfer the needed funds from your overseas Money Makers to your stateside Losers?

Yeah, well, we’re expecting those operations to be affected as the crisis Goes Global.

Ah, so they want ANTICIPATORY protection?

Us, too.

Many of our personal financial woes are expected to worsen in 2009.

By Detroit Logic, for those of us whose portfolios have already taken a 40% hit and who apprehend additional setbacks in 2009, the Government should either waive our tax bills or bail us out. We are gratified that Hank the Bank has learned what we already knew, that it will not much help us if he buys stock in our devalued assets. We, too, prefer straight cash infusions.

What the hell kind of way is this to run a business OR a country? If THIS is our Change, if THIS is our new direction then, by all means, run the country like Detroit…it practically guarantees Gridlock. Gridlock is hell, as a rule. But if the options that lie ahead are a multi-car pile-up or driving off a cliff, Gridlock is Grace.

It defies Reason that the only people in Washington who know what they’re doing are up to no good, but it also defies Reason to ignore evidence.

Defiers R Us.

Fiddlers Three

Big Hank Paulson has found us quarrelsome
Unaccustomed to countermand He
He called on Bernanke, He called on Kashkari
But these are no Musketeers Three.

Mea Culpa, they plead, we could not foresee
Calamity on the horizon
But we can redeem what we could not glean
For eight or nine hundred billion.

My Country ‘Tis of Malarkey

Because it would be completely counterproductive to alienate roughly 50% of the People the day before the election, I will restrict my comments on its eve to the process itself.

See how we are in the direst social upheaval since the Viet Nam war and the Civil Rights movement, see how we are in the direst economic upheaval since the the Great Depression, and then know that the Politicos and Press who claim to advocate our best interests have purposefully and relentlessly incited the People unto acrimonious division.  It is unspeakable.

There was a wonderful play called “I Love You, You’re Perfect, Now Change.”  As the title implies, it highlighted the ridiculousness of our inclination to profess undying love for people “exactly as they are,” only to commence a sustained effort to change this, that, and the other thing about them. 

America’s cash-rich, ethics-poor politics are the opposite.

Months and months of people’s lives…in this case years…and millions and millions of dollars are squandered to persuade us that we are diametrically opposed on issues, to frighten us that the other “side” is so wrong as to be dangerous.  First the Democratic Demolition Derby, then the Two-Party Tango.  Limbo Low, they lead us and we dutifully follow, not just splitting hairs but splitting split ends.

“You despise each other’s views…fight, fight, fight to get me elected…okay now, everyone kiss and make up.”

It is a Hatfield and McCoy feud, but with the rank and file assuming battle stations while the Shit Disturbers shake hands and hobnob together.  Like lawyers.

I would say that they should be ashamed, but why?  It is obvious that Politicos who reject a $700 billion dollar Bailout, then pass an $850 billion dollar version with more earmarks, don’t know any more about shame than they do about economics.

United States of America?  Good one.

More like, land of the fee and home of the knave.

Spring Cleaning in November wouldn’t be the oddest thing we ever did.  This much I do know about Cleaning House…you hire someone to do it, you do it yourself, or it doesn’t get done.

If You Give A House A Garage

Another of the children’s books that I was blessed to read a gazillion times was “If You Give A Mouse A Cookie.”  If you give a mouse a cookie, chances are he’ll ask you for a glass of milk to go with it.  If you give him a glass of milk, chances are, he’ll ask you for a straw.  Then a napkin, then a mirror to check for a milk moustache, then scissors for a little trim, and on and on.

If you give a house a garage, chances are the household will buy as many cars as there are bays, plus a spare…that is, unless the garage houses the house’s overflow of Stuff and the cars spill onto the driveway and street.

How many people drove more than 30 minutes to work today?  How many people are this instant scoffing that they would LOVE to drive “only” 30 minutes to work?  How many people regularly spend an hour or more, each way, commuting to and from work?  The mind REELS at the lost productivity.

The heart breaks at the lost living.

Happily, since the Great Majority enjoys the privacy of individual coaches, a certain amount of productivity occurs as owner/operators work IN their car/offices…which is to say while operating moving equipment, amidst lots of other moving equipment, with other owner/operators doin’ THEIR thing.

In 2000, I took a driving course that came “with” purchase of a particular car.  Driving Dynamics, it was called.  SenSAtional.  It changed my life and I am NOT exaggerating.  As just a HUGE fer instance, there is no “blind spot” if your mirrors are positioned rightly.  Make no mistake, not having to look over your shoulder to change lanes in traffic that is sailing along at 70 or 80 miles as hour is a BIG plus.  I’m right smack in the middle of the Baby Boom…we were taught to drive by the P.E. teachers/coaches.  Whether Driver’s Education SHOULD be taught in high school is one debate but separately, in retrospect, I AM interested to know the rationale behind gym teacher = driving instructor.

One of the things I “learned”…more like, a gist that I recall without specifics…had to do with the number of feet a car will go forward, no matter HOW quick you are to “slam on the brakes.”  I want to say that it takes .06 seconds to get your foot from the accelerator to the brake, and I feel like I remember the numbers 60 and 90.  I sort of want to say that, regardless how swift a driver’s reaction time, a car traveling at 60 mph will still move forward 90 feet BEFORE the brakes are applied.  It seems unlikely that a driving course would give us examples of cars driving at 90 mph.  Of course, I’m not even sure those are the numbers although the point-six seconds sounds reasonable.  To make a short story long, the casualness of tailgating is an ongoing and substantial hazard to life and property.

In the same spirit, that pen you’re holding?  A projectile.

California banned talking on a phone while driving, unless it’s hands-free, but what do they say about the MILLIONS of us who are driving around holding three more shots of caffeine in a cup that is hot enough to warrant a “sleeve?”  Not a word about the people who simultaneously drive and shave, apply make-up, smoke, change channels, hold dogs, discipline children, write notes, read maps, READ BOOKS.  I have seen all this and more…not only on the streets of Los Angeles, but on the freeways…including, oddly, application of aerosol deoderant.

When the Rescue plan was a mere Bailout Proposal, I was talking to someone at one of the financial houses, “Sooo, whadyya think…reward the Bad Guys and one more fix for the Crack Addicts, or let ‘em sweat it out in Financial Rehab?”

“They HAVE to pass it.”

“Why?”

She went on to say that credit was “completely” frozen…that, by way of example, the lease was up on her car and that even she couldn’t even get financing for another lease.

I’m gonna be honest here, this doesn’t sound like a crisis to me.

We have lots and lots…and lots upon lots…indeed, we have ACRES of Used Cars.  

We are long and debilitatingly at war, even ostriches have come face to face with our Oil Situation, our economy is in the crapper and so is national morale…separately from Obamamania, of course…and we would throw MORE Assistance Money at Detroit?

I’m sure I oversimplify, but I also don’t buy the bullshit that everything is always more complicated than we realize.  The only thing that’s rocket science is rocket science.  Literally, all things considered, I cannot imagine why we would roll even ONE car off the line that isn’t at least a hybrid.  Stipulating exceptions…there are always exceptions…commercial vehicles, emergency vehicles, whatever.  So stipulated.  But for regular transportation for regular people, no, I cannot imagine the Reason.  If they build it, we will come?

Light rail.  Light rail.  Light rail.  Electricity.

Free up the oil for AvJet product supply line.  We want MORE airlines.  We want CHEAPER airfares.  For all the Stuff that all the people are spending all the money to get all the other people to buy, I believe that people on the move always spend more money than people at home.  Think about how you bleed money on a vacation.

Then think how you can’t afford the airfare even if you could afford the hotel bill, which presupposes that you even get that kind of vacation time where you work.

Not only people but the entire economy endures abiding negative impact from our LOUSY transportation systems.  People and entire ECONOMIES, note the plural, endure abiding loss of revenue because travel is prohibitively expensive to the rank and file.

Feed the classes, dine with the masses.  Feed the masses, dine with the classes.

We won’t even have to fight Big Oil to make it happen.  ExxonMobil Aviation, who knew?

http://www.exxonmobilaviation.com/AviationGlobal/default.asp

Plan C for Cell

Plan A was for America, if memory serves.  

Over the course of this wild and wacky Campaign-O-Rama…a two-year spending frenzy that has served as our principal economic stimulus…I have actually heard the legendary American Dream redefined as “owning your own home.”  See here, I thought it was more along the lines of starting with little or nothing and, through superlative effort/energy/aptitude/ingenuity coupled with extraordinary opportunity/serendipity/providence/timing…voila…a productive, fulfilled, happy and secure personage who commands the respect of and enjoys the benefits of Society.  What do I know?

Which brings me to Plan B, for Bailout.  I know the Great Bailout constitutes privatizing profits and socializing losses, I do know that much.  I know that if crime pays, there will be more crime.  And I know that, so far, crime pays.

That doesn’t work for me.

I dare claim universal recognition that it is rather harder to be honest than dishonest.  It is rather more difficult to continually endeavor to do the right thing…when time and money are short and expediencies regularly present themselves…than to do whatever you please, whenever you please, however you please.  A lotta people could get over a lot better if they did not feel morally obliged to tow the line.  Government would tell us that not only can the Elite NOT tow any lines, but that they shall be REWARDED for unrestrained free-wheeling with other people’s money?

Like I said, that doesn’t work for me.

Ergo, Plan C…for Cells.  Not the terrorist cells that have caused a certain amount of mayhem and that have, in my opinion, been marketed to create OTHER mayhem.  Prison Cells.  Note the distinction between prison cells and jail cells.  I’m talking about federal penitentiaries, not country club jails that serve almost as much needed R & R after all that raping and pillaging.

For real, I have a plan.  I not infrequently remind me of Lucy Ricardo…”I’ve GOT it!”  

“What have you got?” Ethyl would reliably ask with telltale skepticism.

“A PLAN.”

I am not precisely sure about blogging etiquette, nor about the Findability Factor.  I expect I will do myself a favor on both fronts by providing lots of links to correlate with my remarks.  I actually DO have quite a lot of research…completely inefficiently clumped at present…and I expect I shall improve rather than deteriorate as a Citizen Journalist.  I heard that term on what-passes-for-news…I kinda like it.

In the meantime, though, until I DO become more adroit, I will suggest that many of my remarks are intuitive and general and that demand to cite sources is usually the your-mother-wears-army-boots equivalent of “PROVE IT.”  As well, I hear this on the radio, I read that in the coffee shops, this farmer talks about that, that driver talks about this…some of my remarks don’t have “sources” more specialized than My Life. 

I declare that I am not a Liar.  I’m a piece of work, to be sure…an acquired taste for a niche audience, and even THEN only in limited doses…but I am not a Liar.  Easiest thing in the world to say.  The next easiest thing is to spot a discrepancy between words and deeds.  In real life, that’s the way it is, is it not?  You come up against a new person in whatever context, you gotta decide whether they know what they’re talking about and whether they mean what they say.  If a person’s word is no good, really, what more is there to say?

Liars lie.  It’s what they DO.  Babies cry, birds fly, people die and liars lie.  Psychopathic Liars, several of whom are numbered among our Conscienceless Uber Rich, lie even when they don’t have to.  It’s like chasing mercury.

Which brings me to Plan C, for Cells.

Must I dig up statistics to back up the assertion that America has the largest prison population on earth?  MAYBE it’s the largest per capita but I don’t think so, I think it’s the largest in the world.  Here is something I WILL pull from the dreaded Documents labyrinth of my computer, which has steadily deteriorated into an unsavory blend of the junk drawer in the kitchen and the wrong side of the tracks.

 

 ”When it shall be said in any country in the world, my poor are happy; neither ignorance nor distress is to be found among them; my jails are empty of prisoners, my streets of beggars; the aged are not in want, the taxes are not oppressive; the rational world is my friend, because I am the friend of its happiness: when these things can be said, thn may that country boast its constitution and its government.” 

Thomas Paine, Rights of Man, Part II, 1792 

.

America…keenly principled and freshly independent…was one of Thomas Paine’s expressed inspirations in writing Rights of Man.  Neither he nor any of our Founding Fathers would be anything but horrified by the State of the Nation, I’m pretty sure of that.  I expect they would urge resurrection of public stockades.

If a dog poops on the living room rug, you don’t take the dog out back, point at the flowers and start hollering, “NO! Bad dog!”  And you surely don’t, whilst pointing at the flowers, commence lip service to beauty, “We want to keep the living room rug as fresh as flowers so…NO MORE POOPING IN THE HOUSE!” 

If a kid swipes another kid’s toy at the park, you don’t take him AND the swiped toy home, sit him down amongst all his toys plus the purloined toy and deliver a speech about sharing.  And you surely don’t, whilst delivering the speech on sharing, give the kid an early birthday present.

I am DELIGHTED to hear of more and more calls for Executive Retribution…Mario Cuomo in New York, Keith Fimian running for Congress out of Virginia, a couple different Congressmen on C-SPAN.  Otherwise, we’re not only letting them keep the toys they swiped, we’re giving them early birthday presents.

Let the punishment suit the crime.  That is wisdom of the ages.

At the root of creative accounting and juggling books and scattering risk and bundling debt and fudging incomes and fibbing rates and winging appraisals lies Greed.  Greed is one of the seven deadly sins, that is also wisdom of the ages.

In the couple years that I have been posting online, I have more than once been presented with the argument that a certain amount of Greed is good.  Bollocks, to quote Christine Lagarde.

Greed is intense, selfish insatiable desire that exceeds need and warrant alike.  

People also argue, rightly I think, that too much of a good thing is a bad thing.  But it does NOT follow that the right amount of a bad thing is a good thing.  Virtues can be rendered vices.  Vices are not rendered virtues.

The offenses are assorted…collusion, insider trading, price fixing, tax evasion, fiduciary malfeasance, conspiracies in restraint of trade, racketeering…but they all trace to Greed.

As a paradigm for punishment, seizure of ill-gotten gains suits crimes attributable to Greed like it was bespoke on Jermyn Street in London.

We now know that when motivated by truly important matters, like the collapsing of America’s financial sector or the pulling of Terri Schaivo’s plug, Congress is able to pass landmark legislation lickety-split.  Who can forget the Patriot Act?

When hard-core, bullet-ridden drug traffic hit Ireland, Ireland just said NO and, unlike us, meant it.  Seizure of assets…not only those proven to be ill-gotten but those that could not be traced to legitimate sources…nipped that action virtually in the bud.

We can do the same here, AND make a dent in our deficit at the same time.  Are you kidding me?  We LOVE two-for-one specials.

But the Truth is, though they care about money more than anything, taking their money is not enough.  Y’know why?  Because they think they are above the law, at the same time that they are diabolically clever.  Because their measure of self is obtained via their holdings, they will be motivated unto greater dastardliness to reclaim their greatness.  I was once told by a Player that their idea of gossip is counting one another’s money.

Rather than get into long, drawn-out Marcia Clark-style legaleze over which assets were ill-gotten and which were honorable, seize everything except:

1.) the cost of running the family’s lifestyle and primary residence for one year

2.) one million dollars for when the Bad Guy emerges from his year in prison, hopefully reformed. 

That is what I propose…seize their assets and send them to federal penitentiaries for one year; their families will be covered while they’re “inside” and they’ll have a million bucks to work with when they get out.  Nuthin’ cruel or inhuman about that.  

The sins of the father will be visited upon their sons.  If families are AT the table, families are ON the table.  It is sad about the children, I agree, but the Scoundrels should have given that more thought.  Spouses, on the other hand, get no sympathy from me.  Think aiding and abetting, think accomplices.

It can be hoped that a year in prison will teach humility, but that is out of our control.

This is not.

I heard on the radio within the past year that the literacy rate of our extraordinary prison population is…get this…THREE PERCENT.  It doesn’t even seem possible.  MAYBE it was the literacy rate of a convict subset, but I don’t think so, I think it was system-wide.

How on earth do we propose that illiterate people with prison records will earn a living, once they are returned to Society?  It practically guarantees reversion to a life of crime and a return to prison.  Three strikes, they’re out, you say?  And they have two strikes against them at the gate?  Who on earth hires illiterate ex-cons?  Our credit is shot, so now we borrow trouble.

Like-minded people resonate with one another.  Athletes, I think, have more regard for coaches who played the game.  Soldiers, I presume, respond better to military officers than to gardeners.  Alcoholics, I would know this, get through to other drunks. 

Let the criminals teach the criminals.  The Bad Guys are bad, not stupid.  Let them spend one year in federal penitentiaries teaching those illiterate convicts their letters and numbers.  How to fill out a job application, what is an interest rate, stuff like that.

I’ll bet half a dozen disgraced executives won’t have to be raped before there will be a long overdue call for reform of our Draconian prison system.  Incarceration Incorporated is decidedly not Christian, it’s not American…it’s not even decent.

 

 

Consequences R Teachers

Anyone who has raised anyone, anyone who has trained anything knows that, you can talk ’til you’re blue in the face, it’s the follow-through that counts.  All else is pissing at the moon trying to make it more yellow. 

As a totally random example, let’s say a kid doesn’t keep up with his classwork all term…a cocky and ungrateful child of Privilege who is accustomed to all good coming to him irrespective of his attitude or performance.  The Entitled Teen’s customary remedy of cramming the night before an exam conflicts with a home game of Super Stars, loyalty to whom the Aristocratic Family of Four displays by purchase of season tickets that are more expensive than some people’s homes.  On the floor, the fifty-yard line, behind home plate, other box-type seats in cool venues.  High flyers.  The Good Life.  

Blah, blah, blah goes the speech about effective use of time.  Yada yada yada goes the speech about personal responsibility.  Blah, blah, blah goes the speech about the importance of education.  Yada yada yada goes the speech about The Future. 

Here is what matters.  Here is what determines whether and how the study habits change.  Do you leave the kid behind…perhaps inviting another to take his place since wasting his, alas, empty seat serves no purpose…or do you deliver those speeches all the way to the stadium, arena, field or other box-type seats in whatever cool venue?

That is what registers with the psyche…the rest is just a moving mouth.

All of our lip service to fair play, to honesty, to reliability, to responsibility, to conscientiousness, to free market enterprise, to prudence, to karma, to ethics, to Justice…out the friggin’ window with this bailout.

And what a misnomer that is, eh?  The idea that the boat has merely taken on a bit of lake is comforting.  I envision a flannel-shirted fisherman scooping the occasional pail of water out of the bottom of a trusty boat that has only sprung a slow leak…the aqua-equivalent of regularly adding a bit of air to the left rear tire.  Annoying but not alarming.

Changing the name from Bailout to Rescue Package more accurately reflects the severity but it also, I contend, attempts to make a silk purse out of a sow’s ear.  Rescue=good.  Unambiguously, straightforwardly good.  Not so, the bailout.  A dicey proposition cannot be reworded into goodness.  Well, I mean it CAN be done, it is done all the time.  Bad is continually packaged and presented as good…a practice that is facilitated, I expect, by our curious small=tall elasticity.   I’m saying it doesn’t fly, rewording a dicey proposition into goodness.  It doesn’t make it so.

Already we can see as additional billions of Rescue Dollars-not-to-be-confused-with-Monopoly-Money are sought and authorized, sought and authorized, sought and authorized, it is not the minor mop up implied by bailout, nor the unqualified good implied by rescue.  Euphemisms R Us.

This is the volume and force of a gusher, freshly tapped by wildcatters poaching on someone else’s land.  We are well-advised, I think, to seek Containment before Stimulus.  Otherwise, it’s turbo-charged Appeasement.

Begging For Billions

We are as free to hold tight to our beliefs as Big Shots are to hold tight to their Midas-like fortunes.  I believe I speak for millions when I say I am astonished afresh by the stinginess and mean-spiritedness of America’s Top One Percenters.  Back in the day…you know, when dinosaurs roamed the earth…they used to say, “You oughtta be ashamed of yourself.”

But the Conscienceless Uber Rich are shameless.  It is disgusting that the tippy-top of the Top One Percent sits silently in their counting houses waiting for the Deals that will come into stark relief once all the crap has been bought up by a tax-ravaged citizenry.  AND they don’t care that it is disgusting.  I believe the expression is that they, “laugh their way to the bank.”

It IS disgusting, they ARE disgusting…what’re they gonna do about it?  Sue me?

 Not bloody likely.  They may not be traitors but, almost without exception, they are the most extraordinary cheapskates.  I will argue that some of them ARE Traitors.  

 I will propose a word problem, such as one might (and I contend ought) to learn how to solve in our excellent public school system.  I know many object to public education, both that it is compulsory and that it is expensive, but I implore them to re-visit their positions.  The only thing more dangerous and more unruly than Bad Guys is Ignorant Masses.

 Secretary Paulson, who we have every reason to suspect of malfeasance, deems that the markets MUST have an infusion of at least $700 billion.  We’re not sure whether that’s the $700 billion that was funneled on schedule, while millions of people were distractedly making urgent and heartfelt appeals to their elected representatives NOT to do exactly that.  I will assume that $700 billion is still the skeletal price of admission.

 Inspiring wider positive impact on the Market, Warren Buffet invested $5 billion dollars last week in floundering Goldman Sachs.  It being so strikingly coincidental, it seems worth noting that Secretary Paulson was CEO of Goldman Sachs before he became “secretary” of the Treasury of the United States of America.  Also that, until yesterday anyway, he was estimated to be worth more than SEVEN HUNDRED MILLION DOLLARS.

 

Wall Street higher on Buffet’s Goldman investment

  www.chinaview.cn  2008-09-24 22:06:59

 NEW YORK, Sept. 24 (Xinhua) — Wall Street climbed in early trading Wednesday, after Goldman Sachs won 5 billion U.S. dollars investment from Warren Buffet’s Berkshire Hathaway Inc.

 Buffett’s Berkshire Hathaway said Tuesday it would invest at least 5 billion dollars in preferred stock of Goldman Sachs. In addition, Berkshire also got warrants to buy another 5 billion dollars in Goldman’s common stock. Meanwhile, Goldman also said late Tuesday it would raise another 2.5 billion dollars in its equity offering.

 The news bolstered confidence in the nation’s banking system and sent shares of Goldman Sachs and major indexes higher.

  Moreover, the market also awaited progress in the U.S. government’s financial rescue package. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are scheduled to appear before Congress for a second day Wednesday on a 700-billion-dollar bailout plan to rescue financial services firms.

 Oil prices perked up Wednesday. Light, sweet crude for November delivery rose 2.49 dollars to 109.10 dollars a barrel on the New York Mercantile Exchange.

Editor: Yao

http://news.xinhuanet.com/english/2008-09/24/content_10104824.htm

 

 In 2007, America topped the charts with 449 American billionaires.  I spy new a new Olympic event…Money Changing.  What could be of fiercer competition or greater worldwide interest than no-holds-barred money manufacture and manipulation.  Whoever ends up with the most, wins.  THAT’S the stuff of ‘Root, root, root for the home team.’  

I’m trying to think how “there’s no ‘I’ in team” squares with mounting evidence that there is also no ‘home’ in home team.

 Russia came in a distant second, with 87 billionaires, though I have heard that Russia is now gaining billionaires at a faster rate than the U.S., or maybe it was faster than anyone.  That’s whatcha call hearsay. The wikipedia entry to which I refer contains a list of the number of billionaires by country, and a separate list of the number of billionaire bona fide Ruling Elite.  Parenthetically, there is no entry for China on either list…which speaks trillions.

http://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_billionaires 

 It is reasonable to suppose that several more billionaires were “made” in 2008.  It is equally reasonable to suppose, particularly after yesterday, that several have been knocked off their pedestals…which is NOT to say out of their Ivory Towers.

 If you were worth $50 million last month and you’re worth $25 million this week…and make no mistake, there ARE such people…I’m not gonna lie, that’s a hit.  Not a heartbreaker, except for the Loser.  It surely doesn’t warrant government intervention but, equally surely, that’s a hit that will command a few life changes.

 One of the tricks to word problems is sorting through what’s relevant and what’s not.  That last paragraph…while provocative on its face and key, I think, to some bigger picture issues…has no bearing on the word problem.  Nor, I happen to already know, does the next paragraph.

 In what used to be called Generally Accepted Accounting Practices, it is customary to round down…to be conservative.

 It is not conservative to assume a basic monthly nut of, say, $3179 against a salary of $36,000 per year by deluding yourself that they both constitute “basically,” “roughly,” “right about,” “pretty much exactly,”  $3000 per month.

 It is conservative to suppose that there are 400 American billionaires.

 X = $5 billion, the value of Warren Buffet’s investment in Goldman Sachs.

 Y = 400, the number of American billionaires.

 Z = number of American billionaires who would have to make same investment as Warren Buffet in order to produce aggregate infusion of capital of $700 billion

(EXTRA CREDIT, 10/6/08: Solve also for Q = $850,000,000,000)

 Part I: 

Does America have enough billionaires that, if they each invested the same amount that Warren Buffet invested, it would collectively constitute a cash infusion of $700 billion and, if so, how many American billionaires who largely made their billions off of America would have to step up the plate of Service To Country?

 PART II:

The original not-a-bailout bailout was deemed to be necessary “by” last Friday or hellfire and damnation upon us.  Others hold that the first of the month/payroll i.e. tomorrow is the date by which, without cash infusion, hellfire and damnation upon us.  The original bill was not passed by last Friday, nor did hellfire and damnation rain down.  Do you have enough information to determine whether claims about the first of the month are true?

 PART III:

Setting the language of the Constitution aside but bearing in mind only highest principles, write a paragraph on whether those who are  established upon an incomprehensibly high socioeconomic plane might reasonably be expected under the implied Social Contract to exercise largesse at times of particular societal distress.  Send it to the people who are well paid, by you, to claim they represent you.