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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)
(Poll will run till: -- )
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RE: Affected by economic "crisis"? - 10/14/2008 2:15:31 PM
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P31W
Posts: 3005
Joined: 6/13/2005
Status: offline
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FreddieD,
How did you vote in the poll in this thread?
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RE: Affected by economic "crisis"? - 10/14/2008 2:17:53 PM
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Consecrated2God
Posts: 4991
Joined: 4/4/2005
From: Formerly Jesus Land
Status: online
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quote:
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 described in the article that I have just posted?
Are you talking about the link you posted in this post:
quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: SonInMe1
Its
a
ploy.
For those who feel that the crisis is a myth, maybe they are better in explaining the recent action of the government.
U.S. Forces Nine Major Banks To Accept Partial Nationalization
FreddieD
Because if you are, I think you must be getting me mixed up with someone else. I do not feel the crisis is a myth.
My comments about spending were more about Obama's promises to expand early childhood education, and his health care program, and all the other big spending projects he has in mind. Projects that he has said that he would continue to implement even in light of the financial crisis. I wasn't even talking about the bail-out. Obama's plans to spend continue above and beyond that.
_____________________________
<--Plantation house in Louisiana
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RE: Affected by economic "crisis"? - 10/14/2008 2:23:18 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
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quote:
ORIGINAL: P31W
FreddieD,
How did you vote in the poll in this thread?
I don't remember, and it isn't relative. The thread has to do with the "crisis and what should be done about it". Some feel that "there ain't no crisis" but can't explain current events.
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 2:26:53 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: Consecrated2God
Because if you are, I think you must be getting me mixed up with someone else. I do not feel the crisis is a myth.
My comments about spending were more about Obama's promises to expand early childhood education, and his health care program, and all the other big spending projects he has in mind. Projects that he has said that he would continue to implement even in light of the financial crisis. I wasn't even talking about the bail-out. Obama's plans to spend continue above and beyond that.
Thank you, at least you're not buying into the delusion "its all a ploy".
Other than that you're in the wrong thread.
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 2:28:24 PM
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Consecrated2God
Posts: 4991
Joined: 4/4/2005
From: Formerly Jesus Land
Status: online
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quote:
Other than that you're in the wrong thread.
No, I'm not, thanks anyway.
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<--Plantation house in Louisiana
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RE: Affected by economic "crisis"? - 10/14/2008 2:33:34 PM
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kernsfamily
Posts: 1351
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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quote:
ORIGINAL: Consecrated2God
quote:
ORIGINAL: FreddieD
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
I've been through Dave Ramsey's FPU three times (taught it twice). I understand how finances work in a home. I think it's absolutely silly to say that the government's finances work in the exact opposite way.
Regarding the "economic crisis" and Dave Ramsey.
your PERSONAL FINANCES are affected MUCH MORE by what goes on in YOUR HOUSE than anything that happens in the White House.
btw...Ramsey Rocks!
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Affected by economic "crisis"? - 10/14/2008 2:37:24 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: Consecrated2God
No, I'm not, thanks anyway.
Than can you explain the current actions taken for this crisis?
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 2:43:09 PM
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phreddy
Posts: 280
Joined: 3/28/2007
Status: offline
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quote:
ORIGINAL: FreddieD
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
I would be happy with the article and section numbers.
I did find those terms in the Article of Confedration and the Constitution of China.
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RE: Affected by economic "crisis"? - 10/14/2008 2:48:11 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: phreddy
I would be happy with the article and section numbers.
I did find those terms in the Article of Confedration and the Constitution of China.
You still don't get it.
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 2:51:32 PM
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kernsfamily
Posts: 1351
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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quote:
I still pay the same house payment.
Yep...I still have one VERY LOW payment, since I bought a house (10 years ago), that was MUCH less than the bank was telling me I could "afford". As a matter of fact, my payment is 'affordable' enough, that 5 years ago, when i was unemployed for TEN months, not once was I ever late on the house payment (btw, my wife does not work, I am the sole provider for her and our 3 kids)....or many other bills. Today, I even make 3x the income than when I did when we got the house, and as tempting as it has been to "move up" in house, i am staying put until it's time for me to move when I retire.....though, we are planning a phase-by-phase renovation starting early next year.....
quote:
I still pay the same car payment.
Yep. My "commuter" car has been paid off for YEARS (1997 buick with 150,000 miles on it...and runs great).....my wife's van (bought used about a year ago), has a miniscule payment that will be paid off VERY soon.....
quote:
401k plan
Since i am 20-25 years away from retirement, I looked at this "downturn" as opportunity. Iam buying MORE shares with the same amount of monthly contributions.....both in my 401(k) and Roth (not to mention that 100% company match!)
quote:
No, I don't rely on credit cards to sustain my family month to month.
credit cards? shredded all of those a few years ago....haven't missed them (except for sleeping well knowing those companies aren't scheming to cheat me out of my money)
our local economy here is quite strong, diversified and resilient.....not to mention what I mentioned in my last post, "your PERSONAL FINANCES are affected MUCH MORE by what goes on in YOUR HOUSE than anything that happens in the White House."
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Affected by economic "crisis"? - 10/14/2008 3:01:56 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: kernsfamily
our local economy here is quite strong, diversified and resilient.....
Find a politician or a financial expert who would agree to that.
quote:
ORIGINAL: kernsfamily
not to mention what I mentioned in my last post, "your PERSONAL FINANCES are affected MUCH MORE by what goes on in YOUR HOUSE than anything that happens in the White House."
We're not talking about your personal finances.
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 3:07:40 PM
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P31W
Posts: 3005
Joined: 6/13/2005
Status: offline
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I don't need to ask those types of people. I live and work in the business community. I have even contacted business people all over the country. The broke ones are suffering. Those who had a brain are doing fine and some are even expanings like we are.
quote:
financial expert
ROLF most of them are broke. Those of us in the business community never considered them to have any wealth. We knew they were trying to impress us inorder to get our money.
Two of my EC professors filed BK decades ago because they believed in leveraging.....they fell for their own hype.
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RE: Affected by economic "crisis"? - 10/14/2008 3:12:20 PM
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P31W
Posts: 3005
Joined: 6/13/2005
Status: offline
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quote:
I don't remember, and it isn't relative. The thread has to do with the "crisis and what should be done about it". Some feel that "there ain't no crisis" but can't explain current events.
It could help explain why I hear fear in your post. If you notice over half of us are doing fine. Some of us better than fine. Some of us are expanding and growing - creating new wealth and jobs. And doing it without the banker I might add.
Do you fear hard time? I am talking about for yourself here?
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RE: Affected by economic "crisis"? - 10/14/2008 3:13:43 PM
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phreddy
Posts: 280
Joined: 3/28/2007
Status: offline
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quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: phreddy
I would be happy with the article and section numbers.
I did find those terms in the Article of Confedration and the Constitution of China.
You still don't get it.
FreddieD
I think it would be more approprite to say that I don't agree with you on the functions of the federal government. I base my opinion on the constitution. What do you base yours on?
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RE: Affected by economic "crisis"? - 10/14/2008 3:20:09 PM
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IonMoon
Posts: 918
Joined: 4/21/2005
From: The Unted State of Confusion
Status: offline
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Coming to this late but... I picked nothing has really changed; BUT my 401k dropped by almost 40%- not worried, cause I am far from retirement and it isn't huge- it'll build back up. Food prices are up, as has our gas budget- BUT it hasn't gone up enough that we have had to cut back.
Now, my fil, OTOH, lost a TON of money (hundreds of thousands) and he is already in retirement and could be dead before it builds up. FOr him, this is a big deal, though their lifestyle probably won't change much, since they are frugal people and still have more than enough to get by on.
Tara P
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RE: Affected by economic "crisis"? - 10/14/2008 3:35:42 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: P31W
I don't need to ask those types of people.
Yes, ignorance is blitz.
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 3:56:43 PM
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befree712
Posts: 19
Joined: 8/27/2008
Status: offline
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To actually speak in terms of the original thought of this thread, I figured I would share my opinions here.
My family has definitely been hurt by the crisis of our economy. I do not feel that it is a myth. This is real life. My father was a Chiropractor for 20+ years. He was partners with another man and my father was a very respectable doctor. Even brought in 65% of the office's profit due to many patients relying on him for his honest business. My mother was a teacher's aide while my two sisters and I were growing up. We lived in a small town, but we were fairly set when it comes to money. My two sisters and I (we're all about 3 1/2 years apart from each other. My parents always taught us to respect what we had.
My sophomore year of college, my father was involved in a car accident (that wasn't his fault, btw) and tore his rotator cuff. Even after surgery, he is unable to practice. Along with that, my mother's chronic illness progressed enough to where she is unable to work and our health insurance dropped her for being too risky. In a few short months, we lost our home, insurance, car insurance, etc. My father did fall into times of depression and we moved into government housing. This was in October of 2004. In April of the next year, my sister announced that she was pregnant. She was 18. We all worked together to provide for our family. My sisters and I quickly became the "bread winners."
My family fought to keep me in school. My younger sister worked as a waitress to pay the bills as I worked on campus. I give all of the background information simply because since our downturn, we have not been able to make any progress because of the issues in our economy. Health care has increased and we can't get insurance. We can't get car insurance. When my father could get a job, it was a factory temp job paying 6.50 an hour. The food stamp office deemed that enough to pay bills, buy necessities and buy food for 3 people plus a baby. Though it was a temp job and he was fired the day before my college graduation.
My mother has all the qualifications for disability, but has been denied 4 times. My father has gone to numerous places looking for hire but can not get a job anywhere. I worked over the summer at a camp for my internship to finish my degree and sent them money every week. He now has found a job driving for a railroad company. Government help is hard to find in today's economy, and my family is proof.
I want the economy to be better. Not because I want the latest care style, iPod or newest phone. Honestly I didn't care much for it when my father was earning over $100K a year. I just don't want to have to choose between food and electricity anymore. I want my parents to be okay. I want my mother to be able to go to a good doctor for her condition. I'm tired of seeing her being stuck on the couch unable to do much because of her failing health. And I'm tired of my father feeling like a failure, because he is nothing of the sort in my eyes or many people's eyes who know him. He has tried so hard, battled his demons and tried to provide. And he doesn't want us to have to care for them anymore because it does truly cause us to use any savings we could earn to help them. Though I don't mind...I would gladly take care of my family. It's just hard. We were upper middle class, good citizens and now live below poverty level. As the years have gone by, it has been more difficult to get any form of help. Now that my father is working, the cost of our govt. housing is up (it's based on %s from your income) and when we thought we could actually start saving, we realized we couldn't because of rising costs.
The thing is, this has only been the past 4 years. And I know that there are hard working American's out there working and hoping for the same things as I am, that have struggled longer. Not just those who sit and abuse the resources of our government.
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RE: Affected by economic "crisis"? - 10/14/2008 4:22:02 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: P31W
If you notice over half of us are doing fine. Some of us better than fine.
I don't think that is true as I read it.
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 4:39:02 PM
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Rufas2000
Posts: 1319
Joined: 4/12/2005
Status: offline
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I guess that would depend on what is considered 'fine". I would say I'm doing fine but I have been affected, albeit not to any great degree.
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Be my friend!
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RE: Affected by economic "crisis"? - 10/14/2008 4:54:24 PM
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kernsfamily
Posts: 1351
Joined: 4/26/2006
From: Dallas (originally Detroit)
Status: offline
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quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: kernsfamily
our local economy here is quite strong, diversified and resilient.....
Find a politician or a financial expert who would agree to that.
quote:
ORIGINAL: kernsfamily
not to mention what I mentioned in my last post, "your PERSONAL FINANCES are affected MUCH MORE by what goes on in YOUR HOUSE than anything that happens in the White House."
We're not talking about your personal finances.
FreddieD
I read the local newspaper.....i read what the Dallas Fed Reserve Bank, and area based companies, have to say about our local economy.......and, the words "strong", "diversified" and "resilient" come up often when describing OUR local economy.....sure, that may not describe YOUR local economy....but, I am talking about OURS, not yours.
Regarding "personal finances'.....i wasn't talking about MY personal finances.....I was talking about EVERYONE'S personal finances.....do you NOT think it's true that everyone's personal finances are affected more by what goes on in OUR own houses....rather than anything that happens in the White House (taking into consideration those who "save for a rainy day", do not overextend themselves on credit, etc..etc.., are primarily the individuals who are not as "affected" as others with regard to this "economic downturn" we are experiencing)......
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Affected by economic "crisis"? - 10/14/2008 7:01:58 PM
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ManimalX
Posts: 1270
Joined: 10/25/2005
Status: offline
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quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: P31W
FreddieD,
How did you vote in the poll in this thread?
I don't remember, and it isn't relative. The thread has to do with the "crisis and what should be done about it". Some feel that "there ain't no crisis" but can't explain current events.
FreddieD
Really? So you pretty much don't read what threads are about before you start spouting off in them. I see. The thread is not about "the crisis and what should be done about it". That is what YOU are trying to make it about. No, the thread is about the wording exactly as it appears in the title: "Affected by Economic "Crisis"?" Go read my OP, then come back and contribute something constructive. If you can't do that, please stop derailing my thread. Thanks.
_____________________________
"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 7:09:14 PM
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FreddieD
Posts: 299
Joined: 7/23/2008
Status: offline
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quote:
ORIGINAL: ManimalX
Really? So you pretty much don't read what threads are about before you start spouting off in them. I see. The thread is not about "the crisis and what should be done about it". That is what YOU are trying to make it about. No, the thread is about the wording exactly as it appears in the title: "Affected by Economic "Crisis"?" Go read my OP, then come back and contribute something constructive. If you can't do that, please stop derailing my thread. Thanks.
I think it has been effectly proven that there is a crisis.
FreddieD
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RE: Affected by economic "crisis"? - 10/14/2008 7:13:45 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: kernsfamily
I read the local newspaper.....i read what the Dallas Fed Reserve Bank, and area based companies, have to say about our local economy.......and, the words "strong", "diversified" and "resilient" come up often when describing OUR local economy.....sure, that may not describe YOUR local economy....but, I am talking about OURS, not yours.
Interestingly, my former employer is going to try to start selling some commercial real estate loans. A number of them are in Texas. So far, indications are that loans in Texas are still selling fairly well in the secondary market. It's one of the states that seems to be holding up better than most. Some of that could be due to the energy exposure, so it will be interesting to see where TX goes with oil below $80/bbl.
For lenders with loans in Michigan, Ohio, Florida, SoCal, etc. the news isn't so good right now.
After having lived in Houston for 7 years I never thought I'd say this, but you're lucky to be living in TX!
BT
_____________________________
“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 10:18:52 PM
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ManimalX
Posts: 1270
Joined: 10/25/2005
Status: offline
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quote:
ORIGINAL: FreddieD
quote:
ORIGINAL: ManimalX
Really? So you pretty much don't read what threads are about before you start spouting off in them. I see. The thread is not about "the crisis and what should be done about it". That is what YOU are trying to make it about. No, the thread is about the wording exactly as it appears in the title: "Affected by Economic "Crisis"?" Go read my OP, then come back and contribute something constructive. If you can't do that, please stop derailing my thread. Thanks.
I think it has been effectly proven that there is a crisis.
FreddieD
Evidence for which you have yet to produce. I will grant the term "slowdown". But "crisis" is just plain false. The biggest thing that happened is some banks had a credit chill, not even a freeze. I heard a caller on Rush stating that he had called 8 banks in his area and none of them had any problems offering him a loan. I did the same at my bank and the tellers laughed at me when I asked if they were having money problems or credit freezes.
People are declaring nuclear fallout when all that went off was a cherry bomb.
_____________________________
"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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