Just say NO to the stimulus!
Feb 13, 2009 | 05:46 AM
#51
this is a little off from what you guys are talking about, but I just subscribed to Penn Says on youtube and here is one of his clips.
Felt it was appropriate for this thread and then when I came in here to post it everyone was on the housing market.
http://www.youtube.com/watch?v=6my8o...feature=rec-r2
Felt it was appropriate for this thread and then when I came in here to post it everyone was on the housing market.
http://www.youtube.com/watch?v=6my8o...feature=rec-r2
Feb 13, 2009 | 09:21 AM
#52
The problem started with pushing people to buy houses though. There are certain people who can and should, and there simply are people who can not and should not buy a house. But we live in an entitlement society, and of course, everyone feels like we should all be entitled to own a home. Sorry, but it just doesn't work that way. The government forced the banks to loan to them, and SURPRISE! They defaulted en mass, and here we are today. Pushing people back into homes that don't have the wherewithal to pay for them is not an answer. We are just going to repeat the same mistakes over and over again, and continue to dump good money after bad. Where does it end? Where does the money come from? The government certainly doesn't have an extra $800 billion laying around. How do they pay for this? Easy! Print more money. Nevermind the fact that it will drive up inflation. Oh, and combine that with the fact that we have pushed a significant amount of our production overseas, the what happens? Inflation goes up, dollar becomes worth less and less, production is overseas, so we can afford less and less, and the picture looks pretty bleak. I sincerely hope that this stimulus works, but I feel like it's going to dig us deeper and deeper until we reach a point where we can't get out.
So you think it's better to NOT act to try and fix the market? Do you think it's going to fix itself? Measures must be taken at the government level to correct this mess.
People signing a petition, without knowing anything about the stimulus package, just because a moderator on an internet forum posted saying he signed is not the right way to go about this. I am not against talking about issues, but if you interview everyone in this thread who has signed that petition I bet you'd find that the HUGE majority don't have a clue about this stimulus package and what it is in its current form.
Again, this package isn't the end all be all fix for the problem at hand...but it's a step in the right direction.
Feb 13, 2009 | 01:02 PM
#53
Sure some people can't afford them....but if you spend any amount of time with a local loan officer for any of the volume banks, you'll know that they are MUCH tighter now about lending and MOST will not be lending like before to those who cannot afford it. It's a completely different market and mindset in banks now than before when they made the last push.
So you think it's better to NOT act to try and fix the market? Do you think it's going to fix itself? Measures must be taken at the government level to correct this mess.
People signing a petition, without knowing anything about the stimulus package, just because a moderator on an internet forum posted saying he signed is not the right way to go about this. I am not against talking about issues, but if you interview everyone in this thread who has signed that petition I bet you'd find that the HUGE majority don't have a clue about this stimulus package and what it is in its current form.
Again, this package isn't the end all be all fix for the problem at hand...but it's a step in the right direction.
So you think it's better to NOT act to try and fix the market? Do you think it's going to fix itself? Measures must be taken at the government level to correct this mess.
People signing a petition, without knowing anything about the stimulus package, just because a moderator on an internet forum posted saying he signed is not the right way to go about this. I am not against talking about issues, but if you interview everyone in this thread who has signed that petition I bet you'd find that the HUGE majority don't have a clue about this stimulus package and what it is in its current form.
Again, this package isn't the end all be all fix for the problem at hand...but it's a step in the right direction.
To be fair, as a police officer the recession won't affect me the way it will most. My job is kind of economy proof. Anyway, I think the logic that any action is better than none is flawed. Sure we need to do SOMETHING but the proposed stimulus plan isn't what we need.
My opinion on the stimulus plan has nothing to do with the opinion of any moderator.
P.S. Does TSP offer dyno tunes?
Feb 13, 2009 | 02:43 PM
#55
To be fair, as a police officer the recession won't affect me the way it will most. My job is kind of economy proof. Anyway, I think the logic that any action is better than none is flawed. Sure we need to do SOMETHING but the proposed stimulus plan isn't what we need.
My opinion on the stimulus plan has nothing to do with the opinion of any moderator.
P.S. Does TSP offer dyno tunes?
My opinion on the stimulus plan has nothing to do with the opinion of any moderator.
P.S. Does TSP offer dyno tunes?
And yes, we offer dyno tunes
Shoot me a PM or call and we can chat about it anytime.
Feb 13, 2009 | 04:12 PM
#56
http://www.youtube.com/watch?v=CvnwOjDjnH4
http://cnsnews.com/public/content/ar...x?RsrcID=43478
Why did the Democrat Party knowingly LIE... In the rushing (for voting YES), Democrats have now broken their promise to have the public see the $790 billion bill for 48 hours before any vote.
http://www.drudgereport.com/flashpr.htm
President Obama has openly stated that Caterpillar will rehire all of the 22,000 laid off workers if the "stimulus package" was passed. Boy, that was taken out of context, here is the real story from the CEO of CAT:
http://blogs.abcnews.com/politicalpu...terpillar.html
How can the lobbyists have a copy of the bill BEFORE the congressional offices do?
http://www.usnews.com/blogs/washingt...byists-do.html
We had the wool pulled over eyes before we could make our own judgement IMHO. Its Friday and I am going home!....
Feb 13, 2009 | 06:04 PM
#57
lowes is hiring, get off ur asses and apply or stay on ur asses and go to lowes.com. no one on here should be crying if u can afford internet and a vehicle ur better off than a lot of people. people just need to learn to live to what $ they make and be more responsible and those that r crying wouldnt be. if u save ur money instead of having everything nice then ud have money now wouldnt u? its ur choice, i dont think its our jobs to babysit those who live beyond their means.
Feb 13, 2009 | 06:51 PM
#58
Sure some people can't afford them....but if you spend any amount of time with a local loan officer for any of the volume banks, you'll know that they are MUCH tighter now about lending and MOST will not be lending like before to those who cannot afford it. It's a completely different market and mindset in banks now than before when they made the last push.
So you think it's better to NOT act to try and fix the market? Do you think it's going to fix itself? Measures must be taken at the government level to correct this mess.
People signing a petition, without knowing anything about the stimulus package, just because a moderator on an internet forum posted saying he signed is not the right way to go about this. I am not against talking about issues, but if you interview everyone in this thread who has signed that petition I bet you'd find that the HUGE majority don't have a clue about this stimulus package and what it is in its current form.
Again, this package isn't the end all be all fix for the problem at hand...but it's a step in the right direction.
So you think it's better to NOT act to try and fix the market? Do you think it's going to fix itself? Measures must be taken at the government level to correct this mess.
People signing a petition, without knowing anything about the stimulus package, just because a moderator on an internet forum posted saying he signed is not the right way to go about this. I am not against talking about issues, but if you interview everyone in this thread who has signed that petition I bet you'd find that the HUGE majority don't have a clue about this stimulus package and what it is in its current form.
Again, this package isn't the end all be all fix for the problem at hand...but it's a step in the right direction.
Feb 13, 2009 | 07:48 PM
#60
Just to explain something, I work for the federal goverment, and my agency is set to get a decent chunk of money, and my agency is already preparing on how they will spend it. I can say that all of the money will go towards projects, and probably 75 to 85% will be contracted out. Will that create more jobs, I don't know. But I know it will put about 750 million into the hands of contractors, manufacturers and small companies/businesses. Will it solve the bigger problem, no.
IMO, the banks must be willing to lose money to make money. Right now, banks are holding onto foreclosed properties trying to get their money out of them, but it's not happening. I know that a county where I work recently held a forclosure sale and not one of the 14 properties up for sale sold. Most were priced for more than they were worth. This is what's going on around the rest of the country too.
The banks and government need to come up with a plan to get homeowners who are in trouble with making their mortgages to get what their paying keep the bank from foreclsosing. Is it right for the rest of us who decided to live in our means- absolutely not. But we can't continue on this path. It's going to go nowhere.
And further, force the banks to clear some debt (foresclosed homes) which will allow them to get back to the good.
IMO, the whole economic problem starts and ends with the housing market- banks, lenders, loan officers and even home buyers are all to blame. People kept re-financing and taking more money out, then were in a house for 150% of the value- not good.
Or, people buying houses with credit scores in the low 600's and sometimes lower.
IMO, the banks must be willing to lose money to make money. Right now, banks are holding onto foreclosed properties trying to get their money out of them, but it's not happening. I know that a county where I work recently held a forclosure sale and not one of the 14 properties up for sale sold. Most were priced for more than they were worth. This is what's going on around the rest of the country too.
The banks and government need to come up with a plan to get homeowners who are in trouble with making their mortgages to get what their paying keep the bank from foreclsosing. Is it right for the rest of us who decided to live in our means- absolutely not. But we can't continue on this path. It's going to go nowhere.
And further, force the banks to clear some debt (foresclosed homes) which will allow them to get back to the good.
IMO, the whole economic problem starts and ends with the housing market- banks, lenders, loan officers and even home buyers are all to blame. People kept re-financing and taking more money out, then were in a house for 150% of the value- not good.
Or, people buying houses with credit scores in the low 600's and sometimes lower.