The Paulson Plan Will Make Money For Taxpayers - WSJ.com
It is important to get that money out of Washington. The Politicians will just waste it -- or use it as a down payment for ongoing future waste. Paying down the national debt won't work because the Politicians will just borrow it right back. Send any profit to the people, and they will spend it in local communities and help stimulate the US economy from the ground up.
It would be a wonderful campaign issues for Republicans, too. The Democrats will just try to give that money to their voters -- or better for the pols, pretend to.
Then again, the whole 700 billion of taxpayer cash might be lost. So don't spend that dividend just yet.
In 1992, hedge-fund manager George Soros made $1 billion betting against the British pound. In 2007, John Paulson's Credit Opportunities fund correctly bet against subprime mortgages, clearing $15 billion for the year and $3.7 billion for him. Warren Buffett is now hoping to make big money on Goldman Sachs.When Gov. Palin got more money for Alaskan Oil, she sent it back to the taxpayers. If any money is made from the bailout, John McCain should push for returning it to the taxpayers. One hundred billion -- with a "b" -- would be $333 for every American. A trillion would be $3,333. It could be taxed as income so the rich will, in effect, get less and the government will get a taste.
But these are small-time deals. My analysis suggests that Treasury Secretary Henry Paulson (a former investment banker, no less, not a trader) may pull off the mother of all trades, which could net a trillion dollars and maybe as much as $2.2 trillion -- yes, with a "t" -- for the United States Treasury.
It is important to get that money out of Washington. The Politicians will just waste it -- or use it as a down payment for ongoing future waste. Paying down the national debt won't work because the Politicians will just borrow it right back. Send any profit to the people, and they will spend it in local communities and help stimulate the US economy from the ground up.
It would be a wonderful campaign issues for Republicans, too. The Democrats will just try to give that money to their voters -- or better for the pols, pretend to.
Then again, the whole 700 billion of taxpayer cash might be lost. So don't spend that dividend just yet.
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