Posted on 12/25/2008 12:21:48 PM PST by gscc
Ping. Interesting read.
Nancy Pelosi promised us she would reduce gas prices way back in 2006... She did not mention, though, that she was going to do it by causing a Depression.
And those who have lost their jobs. I don't want to dump them in with the fools who lived beyond their means.
There are FReepers among those who have been laid off and they deserve our support.
Well, it’s what I’ve heard from some preachers and what I believe is true. The Christians are being prepared for the coming of Christ and their being taken up with Him — while the non-Christians are being prepared for the coming of the Antichrist and his deception upon the whole world.
We each are being prepared — but for different things...
Evidently, some have still not learned that "Growth" doesn't imply "Strength"... :-(
Agreed, this notion that the only people who are suffering are those who deserve it is nonsense.
And I read online that our tax code feeds corruption by our politicians. If we go with the Fair Tax or consumption tax, that might change
Yes. Ang all Americans were "beyond their means" with our government's spending!
Good article except for the bogus Detroit $73 an hour figure. (Actual hourly rate is more like $27, and even burdened with costs for CURRENT employees is far less than the $73 dollar FUD number.)
This is total nonsense...I lived in GA in such a conservative area, they don’t even bother to run Dems for office locally. I talked to my friend yesterday. He said times are not good. People are getting laid off and some are about to lose their houses. I used to wonder how they afforded what they had...spas, bigger houses, pools etc. I would say people of all political persuasions tend to live up to their means. Most of us are a few paychecks away from losing our homes and everything we worked for especially since the Wall Street bandits bankrupted the country and took our 401 K’s down as well.
Your theory that someone is “in charge” or at least able to manipulate the international financial markets is a comforting thought — but wrong.
The truth of the matter is more simple and scary: nobody is in charge. The markets function largely based on acts from a host of international players acting in their own financial self-interest.
Let’s ask Border Patrol Agents Ramos and Compeon about how great the Bush administration was. The more I look at what has happened recently with the economy the more I become convinced we’re being played for suckers by brazen, amoral opportunists disguised as conservatives.
They were not hurt mortally unless they got scared and sold out near the bottom.
There will be some recovery.
It should be apparent by now that those who've lived beyond their means will be getting free shirts, funded by taxpayers from present and future generations.
For the last year our local bank has posted RECORD PROFITS in each quarter. I could not understand how this could be, so when I met with my investment adviser I asked “how?”.
His answer was “a bank management who ran the institution as if it were a bank”. Further he explained that he “could not name 10 institutions in the whole country that were being run as conservatively as this one.
I got confirmation later from my boss. His comment was that every time the business borrowed money they would get an ongoing anal exam from this bank till the end of the loan.
There is still money to be made by careful, diligent, businessmen.
Ask Chelsea Clinton. Her employer pioneered unpayable loans.
Mine never was worth much until I was 5 years away, so I found some winners ~ 58% one year, and over 20% a couple of times after that.
Friends the same age who followed the "conservative mix" or "go cash" option are still working ~ and their 401(k) accounts are still not up to their insurable max.
Our expected lifespans are sufficient that we should still consider investment strategies ~ not just income strategies ~ even after we retire.
This old granny can’t understand why there will be hyperinflation of electronic money, yet deflation with paper money.
Could you elucidate a bit more?
BUMP
The only people who are losing their shirts are the ones who lived beyond their means.
Wishful thinking. How has your 401K plan retained its value? Your employer still matching? Many people who have lived prudently have lost their jobs in this recession. Many more of us are overtaxed, confiscating money we could be saving. I will agree that those who live prudently and keep building their job skills will better than those who live profligate lives. Still, do not underestimate the effect of our profligate government and the market crash on those who try to live prudent lives.
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