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Post by NOTTHOR on Jul 19, 2009 20:39:55 GMT -6
The gym in my building went out of business a few weeks ago because business dried up and now the building opened it up to residents for free, so I get a free gym with an indoor swimming pool and three free tennis courts. Me and Ma have been playing a bunch of tennis, God bless the Bush Recession-Obama Depression.
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Post by Iowafan1 on Jul 20, 2009 7:39:12 GMT -6
Yea Ralphie, I hear ya. My neighbor ex-neighbor was one of the predators suckers victims of GW's liberal fiscal policy. This was a guy who was earning $40K as an A/C & heat tech for Carrier. His wife didn't work. He had five young kids and a Hummer H2, yet qualified for a $350K home with a zero down adjustable mortgage in late 2006-early 2007. Now, Extra Strength GW Obama comes along and supercharges government intervention in and takeovers of the free market. Dude's mortgage more than doubled. Liberal policy not only put him a crib he couldn't afford, but encouraged it. Carrier has bince laid off over half of their union employees, dude is out of a job and the crib has been foreclosed on. The good news is that the power is on while the Realtor shows the home and I use their pool at night. Guess there is some good that comes from a 14-20 trillion dollar debt forecast, a 10 percent unemployment rate (and climbing) and Obama's impending depression after all.
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Post by HawksStock on Jul 20, 2009 7:58:59 GMT -6
This is no normal recession, this is the fractional reserve system grinding to a halt. This is the false wealth, created by our smoke and mirrors banking system, drying up. This about not having a gold or silver standard.
I can't believe how fooled we were, once upon a time... One income could raise a family, that had evaporated and we actually thought we were good, we thought the 90's were great- At the same time more and more homes required a second income.
You can't spend fiat money, or other nations money for money, forever and expect it not to bite you in the ass.
Were we libertarians the only ones who saw it coming?... maybe.
Think of it like a car running without oil, once your on the highway and you start noticing you've lost all power, your practically coasting... It's too late.
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Post by NOTTHOR on Jul 20, 2009 9:33:40 GMT -6
Look Stock, the use of force and coercion to dictate the price of gold, silver or some other commodity is even more anti-freedom than a fiat currency. You don't want the money supply to contract simply because gold suddenly has a new industrial use that was unforeseen at the time the gold standard began.
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Post by thunderhawk on Jul 20, 2009 10:28:06 GMT -6
BTR of all people should realize what would have happened if the credit markets would have been allowed to become a black hole.
Corporations and their K Street lobbyists own the fucking government. It's the root of all of our current crises. You guys can nibble around the edges of your stupid ideological agendas and flame the shit out of each other but until you accept the fact that your government is fucking owned and operated by entities who could give a flying ratfuck about the long-term prosperity of this nation and its citizens, well, you might as well just piss into a fucking hurricane.
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Post by lpcalihawk on Jul 20, 2009 10:31:51 GMT -6
Yea Ralphie, I hear ya. My neighbor ex-neighbor was one of the predators suckers victims of GW's liberal fiscal policy. This was a guy who was earning $40K as an A/C & heat tech for Carrier. His wife didn't work. He had five young kids and a Hummer H2, yet qualified for a $350K home with a zero down adjustable mortgage in late 2006-early 2007. Now, Extra Strength GW Obama comes along and supercharges government intervention in and takeovers of the free market. Dude's mortgage more than doubled. Liberal policy not only put him a crib he couldn't afford, but encouraged it. Carrier has bince laid off over half of their union employees, dude is out of a job and the crib has been foreclosed on. The good news is that the power is on while the Realtor shows the home and I use their pool at night. Guess there is some good that comes from a 14-20 trillion dollar debt forecast, a 10 percent unemployment rate (and climbing) and Obama's impending depression after all. So, you are trespassing......way to respect the rule of law.
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Post by HawksStock on Jul 20, 2009 16:14:11 GMT -6
until you accept the fact that your government is fucking owned and operated by entities who could give a flying ratfuck about the long-term prosperity of this nation and its citizens, well, you might as well just piss into a fucking hurricane. sigh, the veil is slowing being list. I'm not being sarcastic when I say the Thunder nailed it.
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Post by Iowafan1 on Jul 21, 2009 15:54:44 GMT -6
Yea Ralphie, I hear ya. My neighbor ex-neighbor was one of the predators suckers victims of GW's liberal fiscal policy. This was a guy who was earning $40K as an A/C & heat tech for Carrier. His wife didn't work. He had five young kids and a Hummer H2, yet qualified for a $350K home with a zero down adjustable mortgage in late 2006-early 2007. Now, Extra Strength GW Obama comes along and supercharges government intervention in and takeovers of the free market. Dude's mortgage more than doubled. Liberal policy not only put him a crib he couldn't afford, but encouraged it. Carrier has bince laid off over half of their union employees, dude is out of a job and the crib has been foreclosed on. The good news is that the power is on while the Realtor shows the home and I use their pool at night. Guess there is some good that comes from a 14-20 trillion dollar debt forecast, a 10 percent unemployment rate (and climbing) and Obama's impending depression after all. So, you are trespassing......way to respect the rule of law. Squatters rights pal.
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Post by twine on Jul 21, 2009 16:58:42 GMT -6
until you accept the fact that your government is fucking owned and operated by entities who could give a flying ratfuck about the long-term prosperity of this nation and its citizens, well, you might as well just piss into a fucking hurricane. sigh, the veil is slowing being list. I'm not being sarcastic when I say the Thunder nailed it. Did you mean slowly being lifted? I was a little confused there Hawkstock ol' buddy ol' pal.
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Post by Solar Stud on Jul 29, 2009 7:49:13 GMT -6
The gym in my building went out of business a few weeks ago because business dried up and now the building opened it up to residents for free, so I get a free gym with an indoor swimming pool and three free tennis courts. Me and Ma have been playing a bunch of tennis, God bless the Bush Recession-Obama Depression. Second best thing are the fire-sales throughout GM, Chrysler and the rest of the decades-mis-management American auto maker universe. I haven't bought a new American car since 1985 and never ever ever will again.
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Post by thunderhawk on Jul 29, 2009 12:20:43 GMT -6
The gym in my building went out of business a few weeks ago because business dried up and now the building opened it up to residents for free, so I get a free gym with an indoor swimming pool and three free tennis courts. Me and Ma have been playing a bunch of tennis, God bless the Bush Recession-Obama Depression. Second best thing are the fire-sales throughout GM, Chrysler and the rest of the decades-mis-management American auto maker universe. I haven't bought a new American car bince 1985 and never ever ever will again. Well, I gotta admit...one of my climbing buddies has a 2009 Suburban and that thing is fucking mac daddy tricked out...and my brother has a 2008 Expedition XLT and it's like something a gangsta rapper would roll in. Beat the fucking shit out of Land Rovers or Sequoias. I'd buy one of those USA bad boys if I didn't drive so much.
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Post by Gumbyhawk on Jul 30, 2009 15:55:22 GMT -6
The gym in my building went out of business a few weeks ago because business dried up and now the building opened it up to residents for free, so I get a free gym with an indoor swimming pool and three free tennis courts. Me and Ma have been playing a bunch of tennis, God bless the Bush Recession-Obama Depression. Second best thing are the fire-sales throughout GM, Chrysler and the rest of the decades-mis-management American auto maker universe. I haven't bought a new American car bince 1985 and never ever ever will again. Really? I'm kinda thinking the other way around. I currently have a Honda and while the car itself has run well, the service from the dealership has gotten worse and worse. I had previously owned GM and Chrysler products and might have had an issue here or there, but I almost always got good service. The last time I didn't, I decided to go Honda. If the American automakers and dealers can commit to standing by their products and services, I will go back. However, to use a "Missourah-ism", they gotta "show me". I ain't buying until they can promise me great service. Every time. ON TIME. At a FAIR price. And with a fucking smile. I'd better be able to reach the service dept when I call at 10am on a Tuesday. Bascially, show me that they want my business. The Honda dealership? Eh.... not so much.
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Post by Solar Stud on Jul 31, 2009 7:05:41 GMT -6
And now....imagine this....the "Cash for Clunkers" program is BROKE after ONE week.
It was supposed to last until the end of November.
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Post by Master Blaster on Jul 31, 2009 7:45:15 GMT -6
I also drive foreign vehicles, left on the highway a couple times by the Chevys I owned. Haven't had that problem since I went foreign. And I for one could give a rats ass about the recession. When I buy a house in the spring in Florida that is down 40% in market value, and the market comes back up, I'll be sitting good. Let some other sucker who hasn't put the money away deal with it. I am going out of a job next year and still look forward to it. Gonna be a 43 year old curve wrecking USF Bulls undergrad student. Use the GI bill, collect my retirement and get the wife to work full time. Live in a nice house, with no bills other than mortgage because I was fiscally responsible with my finances. Others want to complain, they should have been a little more conservative with the spending. Serves them right.
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Post by NotMyKid on Jul 31, 2009 7:53:32 GMT -6
And now....imagine this....the "Cash for Clunkers" program is BROKE after ONE week. It was supposed to last until the end of November. Add that to the long list of shit the government has fucked up.
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Post by lpcalihawk on Jul 31, 2009 7:56:25 GMT -6
And now....imagine this....the "Cash for Clunkers" program is BROKE after ONE week. It was supposed to last until the end of November. Add that to the long list of shit the government has fucked up. Fucked up? It's still going.
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Post by Solar Stud on Jul 31, 2009 7:58:36 GMT -6
Add that to the long list of shit the government has fucked up. Fucked up? It's still going. On the news today....the program will be 100% out of money TONIGHT. It was supposed to be viable through November. Maybe it's a good thing since it worked.....on the other hand....the planners obviously totally underestimated the demand.
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Post by Solar Stud on Jul 31, 2009 8:00:44 GMT -6
I also drive foreign vehicles, left on the highway a couple times by the Chevys I owned. Haven't had that problem bince I went foreign. And I for one could give a rats ass about the recession. When I buy a house in the spring in Florida that is down 40% in market value, and the market comes back up, I'll be sitting good. Let some other sucker who hasn't put the money away deal with it. I am going out of a job next year and still look forward to it. Gonna be a 43 year old curve wrecking USF Bulls undergrad student. Use the GI bill, collect my retirement and get the wife to work full time. Live in a nice house, with no bills other than mortgage because I was fiscally responsible with my finances. Others want to complain, they should have been a little more conservative with the spending. Serves them right. Agree 100% Master Chief. I've been very fiscally responsible my whole adult life. I've enjoyed life but never over-extended myself (cars, houses, credit cards, etc). I get really tired of the whiners with their hand out saying "Help us" when they caused their own demise. It's simple really.....cash out cannot exceed cash in. I learned that as a boyscout in 6th grade working on my Personal Finances merit badge. Enough already.
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Post by twine on Jul 31, 2009 8:34:14 GMT -6
I also drive foreign vehicles, left on the highway a couple times by the Chevys I owned. Haven't had that problem bince I went foreign. And I for one could give a rats ass about the recession. When I buy a house in the spring in Florida that is down 40% in market value, and the market comes back up, I'll be sitting good. Let some other sucker who hasn't put the money away deal with it. I am going out of a job next year and still look forward to it. Gonna be a 43 year old curve wrecking USF Bulls undergrad student. Use the GI bill, collect my retirement and get the wife to work full time. Live in a nice house, with no bills other than mortgage because I was fiscally responsible with my finances. Others want to complain, they should have been a little more conservative with the spending. Serves them right. Agree 100% Master Chief. I've been very fiscally responsible my whole adult life. I've enjoyed life but never over-extended myself (cars, houses, credit cards, etc). I get really tired of the whiners with their hand out saying "Help us" when they caused their own demise. It's simple really.....cash out cannot exceed cash in. I learned that as a boyscout in 6th grade working on my Personal Finances merit badge. Enough already. I also agree with both of you guys. Many of the people who are screwed right now and wanting hand outs may try and blame their demise on everyone else but it's their own fault for trying to keep up with the Jones'es. In my experience, the most important part of becoming an adult is realizing that you are responsible for your own actions and the choices you make in the present will determine what kind of well being you have in the future. Too bad the majority of people don't realize that. It seems that many proles are very willing to blame their problems on others and not willing to accept the fact that they caused their own demise. For example, this whole situation with the housing market was NOT the fault of the people writing the loans, it was due strictly to people buying more than they can afford. Same with the idiots out making 35,000 and wearing designer clothes, driving new cars, and spending money like they are making a six figure income. The math just doesn't work and eventually they will be scraping to get by.
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Post by thunderhawk on Jul 31, 2009 13:33:16 GMT -6
And now....imagine this....the "Cash for Clunkers" program is BROKE after ONE week. It was supposed to last until the end of November. Add that to the long list of shit the government has fucked up. Fucked up? I'd say that it proves it was a wildly successful idea. Fund it some more and keep it going. You know who REALLY fucks this country up? Wall Street.
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Post by thunderhawk on Jul 31, 2009 13:36:47 GMT -6
Agree 100% Master Chief. I've been very fiscally responsible my whole adult life. I've enjoyed life but never over-extended myself (cars, houses, credit cards, etc). I get really tired of the whiners with their hand out saying "Help us" when they caused their own demise. It's simple really.....cash out cannot exceed cash in. I learned that as a boyscout in 6th grade working on my Personal Finances merit badge. Enough already. I also agree with both of you guys. Many of the people who are screwed right now and wanting hand outs may try and blame their demise on everyone else but it's their own fault for trying to keep up with the Jones'es. In my experience, the most important part of becoming an adult is realizing that you are responsible for your own actions and the choices you make in the present will determine what kind of well being you have in the future. Too bad the majority of people don't realize that. It seems that many proles are very willing to blame their problems on others and not willing to accept the fact that they caused their own demise. For example, this whole situation with the housing market was NOT the fault of the people writing the loans, it was due strictly to people buying more than they can afford. Same with the idiots out making 35,000 and wearing designer clothes, driving new cars, and spending money like they are making a six figure income. The math just doesn't work and eventually they will be scraping to get by. While those people deserve no aid or sympathy, there are millions of hard-working Americans who are being bankrupted by medical bills, pay cuts, and the failure of wages to keep up with perpetually rising expenses. Those people do not deserve scorn, and allowing them to go under is not going to help the economy.
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Post by Gumbyhawk on Jul 31, 2009 18:58:32 GMT -6
I also agree with both of you guys. Many of the people who are screwed right now and wanting hand outs may try and blame their demise on everyone else but it's their own fault for trying to keep up with the Jones'es. In my experience, the most important part of becoming an adult is realizing that you are responsible for your own actions and the choices you make in the present will determine what kind of well being you have in the future. Too bad the majority of people don't realize that. It seems that many proles are very willing to blame their problems on others and not willing to accept the fact that they caused their own demise. For example, this whole situation with the housing market was NOT the fault of the people writing the loans, it was due strictly to people buying more than they can afford. Same with the idiots out making 35,000 and wearing designer clothes, driving new cars, and spending money like they are making a six figure income. The math just doesn't work and eventually they will be scraping to get by. While those people deserve no aid or sympathy, there are millions of hard-working Americans who are being bankrupted by medical bills, pay cuts, and the failure of wages to keep up with perpetually rising expenses. Those people do not deserve scorn, and allowing them to go under is not going to help the economy. I will keep this rant short and just say this: You need only look South on a map to get an idea of where many of our current problems come from. I have exhibits #1 through over 20 million if anyone really wants a count.
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Post by Master Blaster on Aug 1, 2009 1:10:29 GMT -6
I'll tell ya, the fiscal irresponsibility and in part collapse of the real estate market really pisses me off. I was at the exchange on superbowl day buying a couple of things for the game. In front of me is a young couple, probably a E4 or less in rank, using food stamps to buy some groceries. At this point, I am extremely pissed off that a young Sailor serving this country has to use food stamps to get by. After going through the line I end up following them out into the parking lot by sheer coincidence. They go up to there late model Toyota Land Cruiser and start loading the groceries in. Man, I was disgusted. They are loading a car that I wouldn't budget money for. Being a CFS on the ship, I see multiple people who are in debt and the good majority of them have no real excuse but over spending. I feel bad for those that are in debt because of ID theft though. Those do happen, more than you would think. And while it is not that hard to undo the damage, it is labor intensive and often inconveniences the individual pretty bad. I see thunders point and agree to a certain extent. Helping them out is a smart move. But not to the point where the land cruiser comes to be the family vehicle. The 5 year old sedan most times works fine.
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Post by socal on Aug 1, 2009 11:53:27 GMT -6
I'll tell ya, the fiscal irresponsibility and in part collapse of the real estate market really pisses me off. I was at the exchange on superbowl day buying a couple of things for the game. In front of me is a young couple, probably a E4 or less in rank, using food stamps to buy some groceries. At this point, I am extremely pissed off that a young Sailor serving this country has to use food stamps to get by. After going through the line I end up following them out into the parking lot by sheer coincidence. They go up to there late model Toyota Land Cruiser and start loading the groceries in. Man, I was disgusted. They are loading a car that I wouldn't budget money for. Being a CFS on the ship, I see multiple people who are in debt and the good majority of them have no real excuse but over spending. I feel bad for those that are in debt because of ID theft though. Those do happen, more than you would think. And while it is not that hard to undo the damage, it is labor intensive and often inconveniences the individual pretty bad. I see thunders point and agree to a certain extent. Helping them out is a smart move. But not to the point where the land cruiser comes to be the family vehicle. The 5 year old sedan most times works fine. Take what you saw for what it is. A couple loading shit into their late model Toyota. Things do happen to people. Circumstances do change. Maybe it was a gift from someone, maybe they were borrowing it. Or maybe they bought it outright from savings. Right now I'm an unemployed student - and my wife is a student. With our two kids we are eligible for about $600 in food stamps. The only requirement we don't meet - is that you have less than $2000 in checking and savings (and the fact I haven't wanted to withdraw the money to scam the system). I wear my Movado every day and have some nice things. If I were to get food stamps and be in front of you, you would see me dressed fairly nicely - pulling out my DHS card while wearing a Movado and a platinum wedding ring. You might get similarly pissed. However, the Movado is an 11 year old gift from my "past life". Most of my nice clothes are from when I was single, and my ring is now 7+ years old. Our vehicles are nice, but long bince paid off and now both > 100,000 miles. There are undoubtedly people that scam the system. Beyond letting people starve or turn to crime, the only rational way to determine need in a non-socialist society is on income standards. Which they likely met. So when a couple is using the food stamps to actually buy food... is that really a big deal?
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Post by Master Blaster on Aug 2, 2009 10:33:41 GMT -6
If they want to spend all their disposable income on a vehicle, then that is there business. I've had far to many encounters with similar situations to not be annoyed that I will likely be helping them sort out their debt to keep them in the Navy/ prevent them from losing the security clearance. Knowing what they make for a living as an E4 married w/ dependants in San Diego is not exactly a big secret. If they are keeping their heads above water, are not creating more issues for guys like me, and aren't letting their kid starve because they want to drive a land cruiser, fine. If they are being financially stupid despite multiple navy seminars and training sessions on fiscal responsibility, it bugs the shit out of me. On a side note, 10 personnel onboard this year have lost their security clearance due to the inability to manage finances. That is ten people either getting kicked out or being forced to change to a job that carries no security clearance and therefore tends to be those that making rate in is extremely difficult. That really bugs the shit out of me. What a waste of talent, resources, and navy schooling that you and I have paid for.
To answer the last question, if they are qualifying honestly and need the help, then no, it isn't a big deal.
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