RE: Bright lights in neighbors back yard
While it's tempting to be rude, it would be better not to do so. What happens if your neighbor retaliates by doing something else to bother you. Then, you feel you need to get back at him again. Is it worth the chance of this situation escalating? You and your wife (since she also has to live with the consequences of any action you take) need to decide together whether or not to paint the fence obnoxious colors.
Let us know what you decide and the result of that choice.
Jean
RE: Doom and Gloom!
Part of the bill:
Rum Production (didn't get the amount)
Beautification of Puerto Rico (didn't get the amount)
Auto Race Tracks - $128 million
Beautification of Samoa (didn't get the amount)
Film & TV Industry - $10 million
Just a sampling... so much it just overwhelmed me. I couldn't write as fast as they were spewing it out :B You're right Rubiranch... pork, pork, pork.
And people are still trying to get us to believe those in charge of this 700 billion bailout are trying to help the american taxpayer?
RE: Doom and Gloom!
I hope you are just kidding. What professional experience does anyone on an RV forum, who are anonymous, have that these "hacks" don't?
If I am wrong, please post up your financial knowledge it takes to sort this mess out.
Is professional experience all it takes to have the financial knowledge to sort out this mess? If so, then I guess we don't need the bailout because those in charge have the experience to keep us out of a mess where we'd need a 700 billion taxpayer bailout. Oh wait, those with the education and experience are the ones who got us in this mess. Now, what do we do?
RE: The Economy & Bail Out Options
It's not all those refi's that will be hurting, it will be all those people who have lived on home equity lines of credit. It doesn't matter where you live, CA, FL, NV or wherever, those lines of credit are evaporating because the equity has poofed, just like posts on this forum do.
Whether they refied their mortgage to get cash out or they used their home equity line of credit, they probably won't be able to use the equity in their home to pay for things because it isn't there, or they can't get approved for a loan. Not sure it is a bad thing for people to learn to live without using their home's equity.
My parents and grandparents both had the goal to pay off their mortgages before they retired. They both did it. Now it seems a lot of homeowners either keep borrowing any equity they get, or they buy bigger and bigger homes as soon as they get enough equity to do so. Might be wise to have a small monthly mortgage payment or have your home free and clear to have a place to live if your financial situation goes south.
Jean
RE: If bail out passes and works
Jean at lunch I saw a congressman on TV who said yesterday his calls werer 10/90 for the bail out and after the 777 point drop today they are running 50/50 so it should past next time and should be a better bill due to more time and input.
Thanks for info. I'm wondering what the numbers will be tomorrow since the DOW had the third-highest point gain ever today after the bail out was voted down yesterday. I do realize part of this was due to investors believing there were a lot of good deals out there.
Jean
RE: If bail out passes and works
Since Trump has been leveraged in debt up to his ying-yang since day one, it's not hard to figure.......
It's my understanding some of Trump's businesses have gone bankrupt. So, we can't just assume he knows the correct answers. Then again, he's the only businessman I know who has been able to get a TV network to pay him (Trump) to advertize his own products for an hour each week. All the other companies have to pay the network. That's smart!
Jean
RE: If bail out passes and works
Donald Trump was just on Fox and said if business does slump now we could see oil under $50 a barrel in the near future based on the $10 drop today and this would help lead a world wide recovery in the sectors where energy costs come into play (which is every thing).
I am going to watch oil and see if he knows what he is talking about. He states every bail out done world wide leads OPEC to raise prices sucking out the positive effect of ALL bail out dollars.
Maybe doing nothing more than in the past could be interesting. If we are going to pay more taxes for the bail out some wonder if we are not going to being paying either way so why not let the markets play out. There may be support in the DOW at the 8000 range limiting the downside move.
Interesting times at best. :)
I wish I knew which multi millionaire businessman was correct. Some say we need the bail out and some say we don't. Personally, I'd prefer not to bail out those who got us in this mess IF that would work. However, I'd say do the bail out if it was the ONLY way for us to survive financially as a nation.
What is the average taxpayer supposed to believe when wealthy businessmen, politicians, and those with higher degrees in economics and finance can't agree? You always have to wonder if the people giving their opinions aren't really telling us what they need to happen for their own financial success (and career goals) instead of what's best for the american people.
Jean
RE: how early is to early
If I have a noisy diesel pull in next to me late at night and I happen to be leaving early the next morning, I make it a point to open and slam all of my basement compartment doors when I pack up in the morning at 5 am.
bumpy :p
Ok, I can understand your frustration with the noisy diesel. But, what about the other people in the cg? They have now been woken-up late at night, and then early the next morning. Let's hope someone else who is upset with the noisy diesel owner doesn't turn up their radio loud during the day in retaliation.
Jean
RE: A Failed Economy
Reading many of the replies, I was just wondering what school all of you got your Economist Doctorate Degree from? If each of you will list these along with your remarks about how to solve this problem, it will help us feel better about your knowledge of the subject.
You can't seriously believe only people with an Economist Doctorate Degree have a right to an opinion on this matter. If education were the answer to people knowing the correct answer to the problem, then why did so many of those with a higher education get us in this mess. And, why do many of them disagree with each other?
Common sense and wisdom isn't something given to everyone with a degree. And, it isn't denied people without one.
Jean
RE: A Failed Economy
One problem I see with our society is the fact many people can't tell the difference between a want and a need. You need to have food to eat in order to live, and you need to have a place to live. You don't need (though you may want) a 4 bedroom, 3 bath, 3500 square foot, brand new home for a family of three. You don't need to go out to dinner 3-4 nights a week or go to a resort every year on vacation. Nothing wrong with those things if you can afford them.
Jean
RE: Banking question
Some cash is not 90 days worth of cash. I doubt that you have 90 DAYS of cash on hand, it is ludicrous to have that much on hand. A year's supply of food, what are you expecting Armageddon? Toiletries? Yep, gotta smell good for the looters that you shoot. ROFLMAO
Don't think he meant he was storing a year's supply of perfume and cologne. My guess is he's storing toilet paper, soap, and shampoo. Hate to have the truckers go on strike or to have a gas shortage and have to use leaves. There are still gas stations without gasoline after the last hurricane. Imagine we had a major hurricane in one area of the country and a major earthquake in another. Who knows how long until everything was back to normal.
Don't know the probability of a long-term shortage of food and toiletries, but our country has had shortages in the past. Why do you think we are immune to them again? I don't think the suggested 72 hours of food and water is a sufficient emergency supply for what might happen. I'd rather my family had too much food storage than too little.
Jean
RE: WaMu Gives New CEO Mega Payout as Bank Fails
That's right, $20 million for 17 days on the job ... and his company failed.
http://www.foxnews.com/story/0,2933,428641,00.html
Hey, its a tough job, but somebody has to do it. Right??
While I agree he shouldn't be paid 20 million for 17 days of work, I can't see how he caused WaMu to fail (not saying you said he caused it). It was just two weeks ago the market started dropping dramatically, and we started hearing continual news coverage of big companies failing. I don't see how he could have caused WaMu to fail in just one week. He just couldn't save a failing company with the current market situation. My guess is it was the outgoing CEO and other WaMu management personel who caused WaMu to fail.
There's some talk the new WaMu CEO might not be eligile for some of the 20 million. Let's hope so.
Jean
RE: So this is what is happening to the dealers now
Banks are fighting for their lives and pulling back on credit to retain as much liquidity as possible for survival. Car dealers will be facing the same situation, and builders have already been facing it. Even consumers are seeing lines of credit reduced or eliminated and fees and rates raised. I guess with the pace of RV sales, Key doesn't see the returns outpacing the risk any longer.
Makes sense to me. I'm actually more concerned with people being able to have homes to live in and cars to drive to work/store/doctor than buying a RV. Though, it must be hard for the dealers to lose their businesses, workers to lose their jobs, and RV purchasers to struggle to get a loan.
Jean
RE: Government Seizes Washington Mutual !
Now, if they could only seize the assets of the CEO's that sold they're own companies down the river.
That would be great!
It would make me feel better if those responsible for the need to spend 700 billion in taxpayers funds had their assets seized, and some of them were put in jail. However, I doubt it will happen.
Jean
RE: New law in California - text messaging while driving
As I read it, it isn't just sending text messages. After January 1, 2009 you can not read text messages while driving.
This law is sounding better and better all the time.
RE: Here's one way to fund the bailout...
Yep! That's the same argument when the bill arrives at the big party at the restaurant. Well, I only had a hamburger and he had a steak and he had three drinks and I had one!
The bill is due, no one else is going to pay, and its the only way out. The good news, we will get some future value for our money and it won't cost the entire 700 billion in the end.
Except, I can choose whether or not to go to the restaurant with that particular group of people. And, I can choose to ask for a separate check, unless it's not allowed at the restaurant which brings me back to my choice of not attending the group dinner.
Where did I have a choice to allow lenders to not verify income and to give loans to those they knew didn't qualify? Where did I have the choice to deny a buyer from buying house they couldn't afford, borrowing more than the house was worth, or constantly taking out any equity (sometimes more) they acquired in tier home?
Just because we "should" get some future value out of the 700 billion doesn't mean we will or that it will be very much. It might work out great, but then I'm not being given the option of taking that risk. Someone else is telling me they are going to take my money and risk it for me.
While I can understand the need for some bail out, the fact I didn't get into this mess and others who did will be bailed out by me and other responsible taxpayers is beyond frustrating. I think every effort should be made to make those responsible pay back the money, plus some more.
Jean
RE: Here's one way to fund the bailout...
I really do not understand why we the "middle class" have to put up the money for this bailout. I don't remember getting us into this.Maybe not you in particular, but a whole lotta "middle class" folks got into the house flipping business and/or buying houses with loans they couldn't afford. Yes, Wall Street went along with it, but as my Dad would say, "It takes two to tango....".
My husband and I never participated in the tango. We bought and live in a small house even though we could have qualified and made the payments on a much bigger one. We looked at those nice homes many times and we where told we could qualify for a loan, but we decided not to do so. We didn't use the equity in our home or our credit cards to go on trips or buy toys. We waited until we could pay cash, or we didn't spend the money. Now, those who have bought homes that were more expensive than they could afford will possibility be bailed out and given lower interest rates and a reduction on their mortgage principle. What about giving me the same reduction on my interest rate and the principle balance on my mortgage? I hope there's a lien put on their homes that must be paid before they sell or take more equity out once their homes increase in value over the years to pay back the taxpayers with interest.
While I can understand the need to stop the failure of our financial markets, it just seems like those who are irresponsible (wall street, home buyers) are going to be bailed out by the responsible taxpayers. What kind of lesson will that give in the future when someone tries to decided if they should buy something they really can't afford?
(Edited post because I misunderstand someone who said there was talk of taking care of bad credit card debt, and I thought he meant individual credit card holders which isn't the case)
Jean
RE: If bail out passes and works
IF Congress includes bad credit card debt, our money is going to decrease in value.
Congress is considering including bad credit card debt? I somehow missed that one. Do you mean Congress is considering allowing those who borrowed money with credit cards to walk away from their debt or force the credit card companies to lower the interest rate or write down some of the debt for people who can't afford to make the credit card payments?
Jean
