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[Poll]
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Affected by economic "crisis"?
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| Yes, I have gone from "OK" to "hurting" |
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| No, life goes on as normal |
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| Slightly (explain) |
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Total Votes : 38
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(last vote on : 10/15/2008 10:18:10 PM)
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RE: Affected by economic "crisis"? - 10/12/2008 3:25:31 PM
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rhippie
Posts: 627
Joined: 4/13/2005
From: Rich The Hippie
Status: offline
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quote:
ORIGINAL: LivingParadox
quote:
ORIGINAL: rhippie
quote:
ORIGINAL: rlj
Then why the B A I L O U T if it is a ploy? Are you finnally agreeing with those of us who for the last 7.75 years have been saying that Bush is a big fat liar since he was the one who said we had to have this bailout or else? ; )
Jus tfor the record it wasn't just Bush but a lot of the R's and D's in Congress including Pelosi and Reed
Let's not forget Frank and Dodd who are actually the banking committee leadership.
Do I have to remember Barney? I'm trying so hard to forget him!!! The only Barney I ever really liked had the last name of Rubble!!
_____________________________
Stand up for what's right....even if you're standing alone
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RE: Affected by economic "crisis"? - 10/12/2008 3:28:12 PM
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LivingParadox
Posts: 818
Joined: 2/28/2007
Status: offline
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When you put all the players in there places and connect the dots it begins to make sense. Frank is a big player in this fiasco.
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RE: Affected by economic "crisis"? - 10/12/2008 4:04:06 PM
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Consecrated2God
Posts: 4991
Joined: 4/4/2005
From: Formerly Jesus Land
Status: online
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quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: zamdad
Freddie, I think what she was getting at is that families can't survive if they spend more than they take in. Credit is necessary in our economy for business and for purchasing power. But, the government is over extended. The only solution to the problem, at this point, is to cut spending.
zamdad,
The government can't stop spending. That would lead the world into another depression.
FreddieD
Are you saying that you think the way out of the economic mess we are in is to spend even more money? The more money we borrow, the better off we'll be?
_____________________________
<--Plantation house in Louisiana
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RE: Affected by economic "crisis"? - 10/12/2008 4:05:30 PM
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ManimalX
Posts: 1270
Joined: 10/25/2005
Status: offline
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Here is a little secret: the government has enough of the people's money. They need to start being wise with what they have before they take more.
_____________________________
"But the day of the Lord will come like a thief, and then the heavens will pass away with a roar, and the heavenly bodies will be burned up and dissolved, and the earth and the works that are done on it will be exposed." - 2nd Peter 3:10
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RE: Affected by economic "crisis"? - 10/12/2008 4:33:39 PM
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rlj
Posts: 2191
Joined: 4/14/2005
Status: offline
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quote:
Jus tfor the record it wasn't just Bush but a lot of the R's and D's in Congress including Pelosi and Reed
Totally understood. It doesn't change the fact however that Dubya pleaded, cajoled, whined, pounded and everything in between that if we didn't get this bailout that our economy was totally doomed. I believe it was Dubya with Paulson who first proposed it anyway.
So when discussion centers around whether or not we are in a crisis, near a crisis, have a crisis on the horizon one needs look no further this time than the president.
_____________________________
-Roger
This is who I'm voting for. He is from the same party I voted for last time. This is consistent with my belief in the failure of the two party system and my disgust with it.
http://www.baldwin08.com/#
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RE: Affected by economic "crisis"? - 10/12/2008 5:39:38 PM
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rhippie
Posts: 627
Joined: 4/13/2005
From: Rich The Hippie
Status: offline
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quote:
ORIGINAL: Consecrated2God
quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: zamdad
Freddie, I think what she was getting at is that families can't survive if they spend more than they take in. Credit is necessary in our economy for business and for purchasing power. But, the government is over extended. The only solution to the problem, at this point, is to cut spending.
zamdad,
The government can't stop spending. That would lead the world into another depression.
FreddieD
Are you saying that you think the way out of the economic mess we are in is to spend even more money? The more money we borrow, the better off we'll be?
That appears to be exactly what FreddieD is saying in Post # 70 "Well, I am saying they must increase spending/investment by through public works."
_____________________________
Stand up for what's right....even if you're standing alone
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RE: Affected by economic "crisis"? - 10/12/2008 6:32:32 PM
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relady
Posts: 1289
Joined: 4/11/2005
From: Greater St. Louis Metro
Status: offline
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quote:
so a higher degree of government intervention in every aspect of life, higher taxes, a weakened military, wicked social policies, and the direct threat on several constitutional rights are all policies that you agree with? Because these are all things 0bama will work for. I don't agree that the way you phrase it is what Obama will work for. Bush has directly threatened my Consitutional rights more than Obama could dream of, he doesn't want to weaken the military. Bush has done plenty of that. I don't believe his social policies are wicked, and according to his tax plan, I fall into the income range where not only will I not be paying more, but will most likely be paying less. I firmly believe that we need more government regulation of business, particularly the financial industry.
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RE: Affected by economic "crisis"? - 10/12/2008 6:40:42 PM
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relady
Posts: 1289
Joined: 4/11/2005
From: Greater St. Louis Metro
Status: offline
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quote:
I honestly don't think it matters who gets elected at this point. They've already inherited this mess and NEITHER one of them is going to make all the "right" decisions and solve the problem completely. I agree, although I do think it matters who gets elected as they will have to at least start trying to stop the train from going over the cliff.
quote:
I do think we need to QUIT making it more profitable for factories to send their operations overseas. I'm for giving incentives to companies that keep jobs in the USA. Absolutely. However, one candidate has stated consistently that he is also in favor of this.
quote:
Regardless of who's elected - they are likely to make some bad decisions as far as I'm concerned and in the long run I think both will make some incredibly stupid mistakes and try to pass the blame off on someone else. Well, unfortunately, I tend to agree with you. But I would love it if whomever gets elected this time would prove us wrong.
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RE: Affected by economic "crisis"? - 10/13/2008 7:45:53 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: zamdad
What does that mean? What are the functions of government, Freddie?
The function of government are what they always were and should be.
TO SERVE THE PEOPLE!!!
I put that in big and bold letters so you can see it. It is known by every grade school student.
FreddieD
< Message edited by FreddieD -- 10/13/2008 8:16:46 PM >
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RE: Affected by economic "crisis"? - 10/13/2008 7:49:53 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: rhippie
quote:
ORIGINAL: Consecrated2God
quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: zamdad
Freddie, I think what she was getting at is that families can't survive if they spend more than they take in. Credit is necessary in our economy for business and for purchasing power. But, the government is over extended. The only solution to the problem, at this point, is to cut spending.
zamdad,
The government can't stop spending. That would lead the world into another depression.
FreddieD
Are you saying that you think the way out of the economic mess we are in is to spend even more money? The more money we borrow, the better off we'll be?
That appears to be exactly what FreddieD is saying in Post # 70 "Well, I am saying they must increase spending/investment by through public works."
You're catching on!
Maybe one day they will succeed in putting screens on submarines.
FreddieD
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RE: Affected by economic "crisis"? - 10/13/2008 8:01:46 PM
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nomensrea
Posts: 22
Joined: 10/8/2008
Status: offline
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I'm a student right now so things are hurting in general 
That said, I've been affected in that the small bit of money my grandfather invested for me as a child has dropped half its value and I was counting on using that money for a down payment on a house when I finish school. Had a money market that was accruing interest at 5% when I opened it 4 years ago and now accrues around 1.5% interest. Also, I have noticed the cost of groceries rising pretty significantly over the past year. Usually I track it by the cost of a can of beans, which used to be .89 and now costs $1.19. Thankfully, I have kicked credit cards so I don't worry about my access to consumer credit. Student loans have not yet been affected but if the crisis deepens, I know that they very well may. I think/hope we won't get to that point. My husband's father was going to retire next year, but his 401k dropped so significantly in value that he now plans to continue working for a few more years until the value goes back up.
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RE: Affected by economic "crisis"? - 10/13/2008 9:25:56 PM
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Psalms274
Posts: 1396
Joined: 8/13/2005
From: Georgia
Status: offline
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quote:
That said, I've been affected in that the small bit of money my grandfather invested for me as a child has dropped half its value and I was counting on using that money for a down payment on a house when I finish school.
If you do not plan on using the money for another 5 to 10 years, just do not look at the statement ... the market goes up and down in the short term as evidence by the last 6 business days ... after the astronomical losses last week we see the greatest gain in a single day, over 11% increase, 936 points. We will more than likely see these kind of swings for a while ... the "bailout" packages will not actually go into effect (in terms of making a real difference) for another 9 to 12 months, but the lead economists are more optimistic making the investors more optimistic as we saw today. The people who suffer losses in the market are those who react out of emotion and withdraw their money when the market goes down. When Peter Lynch took over management of the Magellan Fund (a no load Fidelity fund) it averaged 29% over the course of 13 years. But did you know that more people who owned the Magellan Fund during that 13 years lost money than any other fund during the same time period? The reason? They panicked whenever it lost money and took their money out, selling low. The lesson ... either do not look at the statement during these times OR get a financial adviser who will talk some sense into you when you are tempted to sell low.
_____________________________
I pray that you, being rooted and established in love, may have power, together with all the saints, to grasp how wide and long and high and deep is the love of Christ.
< Linus w/ a friends baby!
http://piswa.blogspot.com/
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RE: Affected by economic "crisis"? - 10/13/2008 9:46:35 PM
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GroupW
Posts: 2913
Joined: 11/16/2007
From: Up in the hills of Colorado (very BIG hills...)
Status: offline
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quote:
ORIGINAL: nomensrea
I'm a student right now so things are hurting in general
That said, I've been affected in that the small bit of money my grandfather invested for me as a child has dropped half its value and I was counting on using that money for a down payment on a house when I finish school. Had a money market that was accruing interest at 5% when I opened it 4 years ago and now accrues around 1.5% interest. Also, I have noticed the cost of groceries rising pretty significantly over the past year. Usually I track it by the cost of a can of beans, which used to be .89 and now costs $1.19. Thankfully, I have kicked credit cards so I don't worry about my access to consumer credit. Student loans have not yet been affected but if the crisis deepens, I know that they very well may. I think/hope we won't get to that point. My husband's father was going to retire next year, but his 401k dropped so significantly in value that he now plans to continue working for a few more years until the value goes back up.
Guess again on the student loans. A fair number of firms offering them have had issues.
_____________________________
“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
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RE: Affected by economic "crisis"? - 10/13/2008 11:06:14 PM
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ManimalX
Posts: 1270
Joined: 10/25/2005
Status: offline
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Hey, I got a $1/hr raise today after a contract renegotiation between my boss and the company I contract for. I will be getting another $1/hr at the end of the year for my 1-year review I had this month.
My mom just got a 4.5% salary increase today.
Since second-hand anecdotal evidence seems to pass for fact regarding the make-believe economic "crisis", do the above statements mean that the "crisis" is over and the economy is booming again?
_____________________________
"But the day of the Lord will come like a thief, and then the heavens will pass away with a roar, and the heavenly bodies will be burned up and dissolved, and the earth and the works that are done on it will be exposed." - 2nd Peter 3:10
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RE: Affected by economic "crisis"? - 10/14/2008 8:19:04 AM
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SonInMe1
Posts: 3393
Joined: 4/16/2005
From: my mom by God
Status: offline
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The Ploy.
Its been in effect since Bush was elected. The constant irrational hatred of Bush by the left even though he is more left than any republican president since Nixon.
The constant harping about "the worst economy in 50 years" baloney which has no basis in fact.
The, Bush is stupid. Maybe not polished as Clinton was ( which means Clinton was better at lieing then Bush ) but Bush is no idiot.
The war. I just believe that the left really wants Saddam back. I see no other logic in their rantings.
The, I lost rights under Bush. Ok, name one. Name one that has affected you. One will do. Then remember your hero, FDR, and what he did.
Just ranting about something over and over again does not make it true. This is the greatest part of the Ploy. Econimic hard times is the biggest factor in changing political white house power. IF the dems can fool us into thinking the sky is falling, then Obama has a better chance of winning.
Its
a
ploy.
I like God's wisdom. He said this in the bible over and over again.
Fear not.
_____________________________
You adulterous people, don't you know that friendship with the world is hatred toward God? Anyone who chooses to be a friend of the world becomes an enemy of God.
James 4:4
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RE: Affected by economic "crisis"? - 10/14/2008 10:23:31 AM
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P31W
Posts: 3005
Joined: 6/13/2005
Status: offline
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We are doing fine. We have always obeyed God's financial principles so we have no debt, plenty of rooms filled with precious stuff and are even going after other ventures. We are able to profit from those who ignored God's instructions.
I didn't believe we would make what we made last year considering we are mainly in RE and construction however as the weak business fail we find ourselves with more work than we can do in the next month or two. God is good. He is faithful. We have no fears for the future. We are opening new business and hiring new companies to help us accomplish all the work we see out there to go after.
BTW one of our latest purchases involve a DOW company's land in another state. Of course we paid "cash" for it. Not all companies depend on the banker to help them expand their business, pay their employees or for a investment capital.
You who are fearful. Study Deu. 28 in your bible. Ask yourself how you can apply what God is. Study the Proverbs. One chapter per day and ask God to show you how to apply the financial principles to your own life. (there are many and you may need to seek them out they don't flat out read "money")
Deu 28:12 The Lord will open the heavens, the storehouse of his bounty, to send rain on your land in season and to bless all the work of your hands. You will lend to many nations but will borrow from none. 13 The Lord will make you the head, not the tail. If you pay attention to the commands of the Lord your God that I give you this day and carefully follow them, you will always be at the top, never at the bottom.
______
The above passage deals with obedience. Around the second half of the passage deals with disobedience. Notice how it applies to us as an individual and as a nation.
< Message edited by P31W -- 10/14/2008 10:30:57 AM >
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RE: Affected by economic "crisis"? - 10/14/2008 10:31:32 AM
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ManimalX
Posts: 1270
Joined: 10/25/2005
Status: offline
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P31W:
I always enjoy reading of your Spirit-led business successes :) Thanks for sharing.
_____________________________
"But the day of the Lord will come like a thief, and then the heavens will pass away with a roar, and the heavenly bodies will be burned up and dissolved, and the earth and the works that are done on it will be exposed." - 2nd Peter 3:10
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RE: Affected by economic "crisis"? - 10/14/2008 1:38:57 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: Consecrated2God
Wow--I think I'll go get a bunch of credit cards and go shopping to help my family succeed financially. 
Take a course in economics. You seem to have a difficulty in understanding current events.
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 1:52:41 PM
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phreddy
Posts: 280
Joined: 3/28/2007
Status: offline
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quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: zamdad
What does that mean? What are the functions of government, Freddie?
The function of government are what they always were and should be.
TO SERVE THE PEOPLE!!!
I put that in big and bold letters so you can see it. It is known by every grade school student.
FreddieD
Actually the function and powers of our federal government are spelled out quite clearly in the constitution and I don't see "serve the people" there at all.
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RE: Affected by economic "crisis"? - 10/14/2008 1:58:47 PM
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GroupW
Posts: 2913
Joined: 11/16/2007
From: Up in the hills of Colorado (very BIG hills...)
Status: offline
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quote:
ORIGINAL: SonInMe1
Its
a
ploy.
I like God's wisdom. He said this in the bible over and over again.
Fear not.
Engineering the loss of 760 thousand jobs in 9 months is a heck of a ploy. Creating a bank crisis big enough that no bank was willing to refinance a $200 million line of credit for the business unit I worked on was also quite a ploy.
These guys are good! 
_____________________________
“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
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RE: Affected by economic "crisis"? - 10/14/2008 2:02:25 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: phreddy
Actually the function and powers of our federal government are spelled out quite clearly in the constitution and I don't see "serve the people" there at all.
Does it have to be spelled out for you?
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 2:08:55 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: Consecrated2God
I think it's absolutely silly to say that the government's finances work in the exact opposite way.
I don't care what you "think". All I and anyone else cares about is the facts. Can you explain the recent action the government took descriped in the article that I have just posted?
FreddieD
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