Posted on 11/12/2008 7:04:15 AM PST by Red Badger
The one account which is payment option account is at the same rate of interest (very low) but we are well above the Credit Limit. We will pay it off in a few weeks when we finish a large job.
The other accounts we just quit using being they are useless with such a low limit. (hell at that limit it would barely pay the shipping charges on the semi-loads we get for big jobs.)
We just started using our Business Mastercard in place of it. It has amuch higher limit but we don't get as many perks with it. (Many of the purchases with AMEX we got bonus stuff or cashback)
For starters, we can stop doing business with companies that take bailout money. We might even get liberals to go along with us on this.
My Amex jacked my interest rate at the beginning of this year, but it was my fault for missing a payment deadline by a week. However, if they take this, they'll get a cut up card in the mail as a protest. If I had any policies with AIG, I'd do the same.
If there were an organization started that was non-partisan in nature, where people could declare their intention to stop doing business with those taking bailout money, it would tend to stop this. I mean, why should the government throw money away at firms that are going to suffer for taking it?
It might not work, but it would at least help us match our actions with our principles.
...........or true........
Great ideas...and i want to see what WE are doing to create and organizaton like Moveon.org has....we have FR...but it isn’t the same...
I guess it’s just a matter of time before we all work for the government, and this becomes Russia.
this is why the bailout was not a good idea. this will never end.. each state, each corp is now taking a number and getting in line.
Now, that presents a challenge.
How do you max out an unlimited credit, credit card??? :-)
Thanks for your reply. It struck me as unfair to reduce a credit line and then demand a full payment or higher payments with increased terms.
It sounds like that wasn’t the case and that you are paying it off shortly so that’s good. And better you have a usable line of credit with your Business MC account.
A fool and your money are soon partying..............
I can see why AM EX is reducing the credit limits on their cards.
Just think about how many people have recently been laid off. And those folks likely own a house that is $100,000 or more underwater.
Eventually, these folks are going to declare bankruptcy.
So if these folks find themselves in such a situation why not run up their AM EX card to the limit by purchasing a once-in-a-lifetime vacation package.
A wiseguy and AM EX’s money are soon partying..............
I looked at the exchange rate - I’d save 20% if the price was Canadian $.
Used to be 1/3 off.
Just make sure they aren't the ones manufactured in the U. S. Those are the ones that are failing traumatically. The workmanship is el stinko, if you catch my drift.
Working inside one of those is extremely dangerous. The oil from the gear housed in the nacelle (at the top) drips down on everything below, all the way to the bottom. That creates a fire waiting for a spark.
I’ve heard from guys who do that kind of work that if you’re inside when fire breaks out, you’re better off jumping down the inside of the tower and breaking your bones than staying put and getting burned up.
They have harnesses and lines for safety, but they all say if a fire started, they would belay all the way to the bottom in a hurry rather than stick around or climb down the ladder.
Fiberglass structures fail at poorly manufactured joints.
Funny how the asset shuffling degenerates get bailed out before the guys that actually make things— Such as GM and Ford
ASSET SHUFFLERS-——>>>
http://www.lewrockwell.com/orig6/faber2.html
In the meantime, members of the American elite are enjoying the asset inflation, the printing of money, and the trade and current account deficits, because they keep the “lower classes” reasonably happy and content by allowing them to continue to consume and buy “cheap” foreign goods. In turn, this excessive consumption and lack of capital spending boosts corporate earnings and cash flows, which then benefit mostly the elite, through rising stock prices. Moreover, the weakening currency, which is also brought about by capital flight – another characteristic of banana republics – doesn’t bother the elite much because they have the ability to easily transfer their wealth overseas or to fully hedge their exposure to the declining foreign exchange rate. (The aristocrats of banana republics are usually Swiss banks’ best customers.)
This is particularly true in the case of moneyed elites, which are relatively fixed asset poor and hugely financial asset rich. Let me explain. Compare, say, a farmer who cultivates land that has been in his family for generations with a money shuffler on Wall Street. The farmer is far more tied to his land by tradition, and by his inability to transfer that land and his familiar environment overseas, than is the money shuffler, who will feel equally comfortable whether he lives in New York’s Park Avenue, London’s Belgravia, or Singapore’s Nassim Road. Basically, what I am suggesting here is that the financial sector – and there are exceptions – really doesn’t care much for the overall long-term health of an economy; it is only interested in asset prices moving up – no matter how unsound the economic policies might be that inflate those asset prices.
I've never manufactured a bad joint.........
I think the continent.
LOL.
Regarding the number of teats....ACORN is issuing placebos that will be manufactured in China.
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