Replies to This Discussion

Permalink Reply by Cathaus on October 14, 2008 at 1:53

Time for a little levity!


A professor wrote this insightful analysis. Use it as your next investment advice.

If you had purchased $1,000.00 of Delta Air Lines stock one year ago, you would have $49.00 left. With Enron, you would have had $16.50 left of the original $1,000.00. With WorldCom, you would have had less than $5.00 left. But, if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214.00 cash. Based on the above, the best current investment advice is
to drink heavily and recycle. It's called the 401-Keg.
A recent study found the average American walks about 900 miles a year. Another study found Americans drink, on the average, 22 gallons of alcohol a year. That means, on average, Americans get about 41 miles to the gallon.

Makes You Proud To Be American

Permalink Reply by Bill G on October 13, 2008 at 10:09

No one wants to take responsibility! We live in a capitolist society (at this time) If you buy something and you can not afford it then you loose it! No Government bail outs.....no Freebees....no no no! You bought it on a CC when you didnt have the money...sorry.....You shouldnt have bought it. If you couldnt afford the house then you shouldnt have bought it! Its common since....Lets take a normal case senario....we will use the name jon and Jill...

Jon works in the oil field make 60K a year....Jill is a realestate agent making 40K a Year (for the last 3 years which have been above average in that market) They go out and buy a 225K house in the Havings...Putting 0% down on the house. There note is appx 1600 at the time of purchase....what they failed to look at was that the loan was a non fixed loan....and in the mean time Jill wanted a C300 series mercedes so there went another 800 a month....also during this time they have run up there CC to about 10K.....at 12.99% if their lucky.... so now there paying 500 a month on this CC to try and knock it out....800 the car now with the intrest rate climbing there house note is clipping 1800 not to mention the price of fuel...groc etc. rising

this brings there total up to 3100 a month before Electricity, Insurance, Groceries, Jack Binions stake house, McDonalds everyday for lunch, medical Insurance.....and way more if they have kids.... Well this is all fine and dandy untill....Jon get laid off at CHK because of the yearly production cut...and Jills taking a huge hit in the real estate market with this crises coming up....next thing you know they are going belly up....should the people that saved their money and invested it and didnt live outside of their means have to pay for it....I DONT THINK SO.....What Jon and Jill should have done is lived in a house they could afford payed extra on it or payed are saved on it untill they could afford that 225K house.....then they wouldnt be in this tight....their not would be between 900 and 1200 dollars.....they also should have kept driving that 05 honda and not got that new Benz.....

Thats whats wrong with america....and do you people really want to bail them out? I DONT! Let the housing market go down....people that save there money and leave with in their means will have nicer houses and be rewarded for their efforts like they should be.

Permalink Reply by Bill G on October 13, 2008 at 10:37

Looks like your boy Joe Biden was all for this BK Reform Act

Permalink Reply by Bill G on October 13, 2008 at 10:45

Senator Joseph R. Biden Jr. (DE)


Current Office: U.S. Senate
Seniority: Senior Seat
Office Seeking: U.S. Senate, Vice President
First Elected: 11/07/1972
Last Elected: 11/05/2002
Next Election: 2008
Party: Democratic


03/10/2005 Bankruptcy Reform Bill
S 256 Y Bill Passed - Senate
(74 - 25)

Permalink Reply by Bill G on October 13, 2008 at 10:17

You can make it living like this scenerio I gave you in a good economy...well guess what this is about to be one of the largest recessions that this generation have faced....and we are scared to death.....we want government help...thats the difference between us and the people in the 30s they wanted work...we want help....guess what...we need Help...lots of it!!!!!

Permalink Reply by Bill G on October 13, 2008 at 10:54

De Nada.....we all know what your boy Joe Biden really thinks about Mccain...heck there are numerous time he said he would love to run as Mccains VP...And as for Hillary she just happend not to be voting on that day...and you know as well as anyone in this great country...the Clintons HATE Obama and everything he stands for! I would vote for Bill or Hillary anyday over this Creep Barack Hussien ayers acorn obama.....LOL I like the way that sounds!!!!!

Permalink Reply by Eric on October 13, 2008 at 13:23

While I agree that we have brought a great deal of our problems on ourselves, I also feel that we should all get a fair shake in the end. You see I pay my bills, live within my means and try and be respobsible. Yes I have credit card debt but it is manageable, I owe on my house and I have two car notes. While at times I have thought that this was the American Dream I now realize it the American nightmare. Unfortnately I can afford my debt and wont qualify for any Gov't help, but I dont have a choice. The thing that impacts me is that the longer the recession goes on, the longer I have to work. My retirement has taken a hit the last couple of weeks enough that I believe I will need to work an additional 5 years past my original retirement date. I am not conviinced that either candidate will fix this in a short time, neither will allow people to be responsible for their actions and will continue to blame the other person/party. But even with all of that I am glad to live here in America and have the oppurtunities that we have here, now where is that 0% interest credit card application.

Permalink Reply by Bill G on October 14, 2008 at 3:36

I hope for everyones sake that people take this as a lesson. Do not live off of extreame credit. Do not own CC unless you have one just for emergencies only. Do not go out and buy a new car because your nabor has one. Do not go buy a 225K house when you dont have your 20% to put down. I hope people understand that you can only live leveraged to the hilt only under perfect case scenarios. I hope people see what this Bail out is going to do to our economy and learn to help themselves and not wait on the government. I hope people dont go out to the village grill, earnest orleans, gisseppies, etc every weekend. I hope people put a nest egg back in liquid funds for tough times and understand that everything will not always be peachy. I hope people realize its ok to shop at stienmart and not have to go to dillards and popes. I hope people look around in the grocery store lines and see people with polos and new nikes and are paying with food stamps and get fed up after this deal and stand up to the system that is being taken advantage of. I hope people understand the burden and barrier that a socialist economy will put on people that want to succeede. I hope people realize when they go to the hospital or doctors office that it takes 6 hrs to see someone for there real problem when 100 people that dont have jobs and just want pain killers are in front of you because they have nothing else todo. I hope people like being taxed to heck on their dollar while other people enjoy their gift. I really hope that people learn from this entire deal but I dont think they will, Why? Because the government prevented and sheltered them this time from the real reprocussions of this Crises....we saw a little drop in the stock market, the banks tightend up a little, You aint seen nothing yet...we didnt learn anything from this whole delema....not yet anyway!

Permalink Reply by Two Dogs, Pirate on October 13, 2008 at 15:48

KB, who pays the bills of the bankrupt thing? Be it in 1965, 2005 or today. In 1965 there was a stigma to going bankrupt, people looked down on you, you took the losers way out. Today it seems that there is no problem with it. Screw them I will just go bankrupt. Thats not the American way, this is one of the root causes of the problem that we are facing.

Permalink Reply by Bobi Carr ("parker") on October 13, 2008 at 16:15

Two Dogs,

There seems to be no stigma attached to anything. People who I would have never believed would take government hand-outs gladly accept them because FEMA was giving them out.

I grew up in South Louisiana. We left for every hurricane. My mom had to sometimes get a loan from a family member, but we never got a hand out. I was raised to do your part and that government money was "charity". We were proud that we never need it. We never had much but we always paid our way.

People now view government money as "free" money. If you can "work" the system - go for it, seems to be the theme. You can't hardly blame people though, when you look around at what government does for corporations, and others.

It just seems to me, like we are losing respect for personal responsibility. Our society seems to glorify the "goodies" and not necessarily the "good".

Permalink Reply by Two Dogs, Pirate on October 13, 2008 at 16:24

Parker, you are right, where does it all end for us that have to foot the bill? I can remember the fellow saying "FEMA WE DON"T NEED FEMA WE ARE CAJUN WE TAKE OF OUR ON".

Permalink Reply by Two Dogs, Pirate on October 13, 2008 at 16:30

I was so proud of that person.

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