The economy

[NewbieChris]

I wanted to take a little sample about how everyone feels about what is currently happening in the market economy and the government.

Questions being:

What are the key issues you vote on?
Are you concerned about our 10 trillion dollar national debt?
Do you have an idea as to what is happening with the $700 billion dollar bailout?
Have you thought recently "What about Al Queda?"



My biggest concern, dwarfing all others is this countries debt situation. We are the people the government wants to bailout. My question is, who will bail our government out when we can't afford to pay the interest on our debt anymore?

[NewbieChris]

I know the poll is small, but just list what you do if its other.

[3v1lj03]

What are the key issues you vote on?
Federalism or as close to that governmental philosophy as I can get.

Are you concerned about our 10 trillion dollar national debt?
Yes, but the cowards that continue to be elected by an ill informed electorate are not capable of a solution.

Do you have an idea as to what is happening with the $700 billion dollar bailout?
The whole mess was caused by a regulation that was enacted as a response to Enron. There is no way to know the extent of the damage and repercussions of this new regulation and the fact that the federal government will in effect now own stock and property. (i.e. your mortgage. The king is your landlord?)

Have you thought recently "What about Al Queda?"
I am concerned daily about the security of this nation. I believe that Al Queda and many other real terrorist organizations are biding their time. They will strike again. Right now they are being kept busy and being trained in urban combat and strategy in Iraq. We must continue to use up their resources in battles waged outside this U.S.A. or many cities in the U.S. will become subject the Humas type attacks that occur regularly in Israel.


BTW I thought this was SuperiorMuscle.com anybody wanna look at my diet?

In closing I believe this nation and perhaps the whole western world is headed towards economic collapse and perhaps a new and oppressive governmental system. When people are hungry they will give away all their rights. The candidates for president in this election have very diverse philosophy and depending on the one we elect will determine whether we rise or fall in the very near future.

[COLOSSUS]

BTW I thought this was SuperiorMuscle.com anybody wanna look at my diet?

lol.

[Mr I]

I'd rather not say exactly what I do but I'm pretty directly affected by whats happening, particularly the lack of liquidity and frankly I don't know what's coming next. Generally I think if I can get through next year, the market will have bottomed out and the only way is up.

One thing I really respect America for is the speed with which government responds to these situations, its admirable the steps they take. The government is backed by your taxes so there is little chance of them needing bail out.

At the moment you just gotta keep going and not get too concerned with what you do work wise, if I lost my job tommorrow, the only thing I give a shit about is getting works that pays enough to cover my bills. Times like these you put your ego to one side and take stock of whats really important. One thing I am glad of is that I've always been careful not to over borrow, even when banks were throwing money offers at me, to me I like simple things in life and this means that when the chips are down its easier to get going again.

[NewbieChris]

The whole mess was caused by a regulation that was enacted as a response to Enron. There is no way to know the extent of the damage and repercussions of this new regulation and the fact that the federal government will in effect now own stock and property. (i.e. your mortgage. The king is your landlord?)

Intriguing position to say the least. I would say it was more a result of ill conceived mortgage packaging combined with government incentives to lend to ill equipped borrowers. Not to mention and unusually low cost of capital.

BTW I thought this was SuperiorMuscle.com anybody wanna look at my diet?[/QUOTE]

I only come here for advice on that level. Can't help you there.

[FrankTheTank55]

I would say it was more a result of ill conceived mortgage packaging combined with government incentives to lend to ill equipped borrowers.

Now I am not the smartest guy in the world Im not even the smartest person in my house but I hate when people keep talking about these people getting these mortgages not being "equipped borrowers". Well maybe they were making the house payments fine until gas triple and the price of food went up?? Now you have to put gas in the car to get to work and you have to buy food to feed the kids. So if you miss a house payment to pay for those other things it just snowballs now you have late fees and have to make the house payment up. At the same time gas just keeps going up. Most people live paycheck to paycheck so this shock at the gas pump really hurt everyone.

[Bouncer]

i trained delts and abs and did 40 min of cardio at the gym today.

[curtus e flush]

i trained delts and abs and did 40 min of cardio at the gym today.

:rofl::rofl:

[NewbieChris]

i trained delts and abs and did 40 min of cardio at the gym today.

I ran for 30 minutes, about 2.5 miles I would say, then I used a stairmaster for another 30 minutes...after working 9.5 hours. Bite me.

[NewbieChris]

Now I am not the smartest guy in the world Im not even the smartest person in my house but I hate when people keep talking about these people getting these mortgages not being "equipped borrowers". Well maybe they were making the house payments fine until gas triple and the price of food went up?? Now you have to put gas in the car to get to work and you have to buy food to feed the kids. So if you miss a house payment to pay for those other things it just snowballs now you have late fees and have to make the house payment up. At the same time gas just keeps going up. Most people live paycheck to paycheck so this shock at the gas pump really hurt everyone.

You're right, but living paycheck to paycheck can cause that problem. Personally, I believe this countries mentality that, we are owed so much or that we all must own homes because we are Americans, is what caused this problem.

[Shibby]

You're right, but living paycheck to paycheck can cause that problem. Personally, I believe this countries mentality that, we are owed so much or that we all must own homes because we are Americans, is what caused this problem.

Wow, I don't think you realize the pompousness in this post. Most people don't choose to live paycheck to paycheck. Buying a home isn't just about trying to live up to some American standard. People want nice families and decent place to build their lives. If you have kids, which it is very obvious you know nothing about, trying to move to a better neighborhood means better schools and a better environment for the kids to grow up in. Also when you own a house you are making an investment instead of just loosing money. I thought you of all people here would realize that.

[3v1lj03]

Intriguing position to say the least. I would say it was more a result of ill conceived mortgage packaging combined with government incentives to lend to ill equipped borrowers. Not to mention and unusually low cost of capital.

BTW I thought this was SuperiorMuscle.com anybody wanna look at my diet?

I only come here for advice on that level. Can't help you there.[/QUOTE]

That is what it appears to be on the surface I agree. But, that is not the root cause. Will Shakespeare knew the answer and I agree with him "kill all the lawyers" and kill them tonight. That would take out 2/3 of congress right there.

[redsquirrel]

Wow, I don't think you realize the pompousness in this post. Most people don't choose to live paycheck to paycheck. Buying a home is just about trying to live up to some American standard. People want nice families and decent place to build their lives. If you have kids, which it is very obvious you know nothing about, trying to move to a better neighborhood means better schools and a better environment for the kids to grow up in. Also when you own a house you are making an investment instead of just loosing money. I thought you of all people here would realize that.

Well said.

Pompous and short sighted.

[redsquirrel]

Intriguing position to say the least. I would say it was more a result of ill conceived mortgage packaging combined with government incentives to lend to ill equipped borrowers. Not to mention and unusually low cost of capital.

1) This problem is not solely the cause of bad mortgage debt. That's part ofit, but definitely not ALL. The problem right now is the liquidity BETWEEN the banks themselves, not consumers necessarily. The risk is NOT that banks don't want to lend to the consumer- they don't want to lend to each other.

2) Before you go blaming this 100% on people who couldn't pay their mortgages because they live paycheck to paycheck, rethink your position. Those people were advised what their payment could be when they took the loan. Those people were also advised of what the lender was "stating" their income to be.

There are so many layers to this thing, you really need to do your research to fully understand this. While the bad assets the banks are holding contribute to this problem, the high energy prices, high grocery costs, and most importantly- the falling dollar, is has even more influence.