I started blowing my top probably about 2004, as people i worked with increaseing saw fit to say conservatives and Republicans and even moderate Democrats were evil...Come on, evil??
Well a little over a year ago I wrote some notes while watching the newly elected Obama speak about what he "had to do" and I scribbled down some numbers....program A-400 billion, program b- 650 billion, and then I have "Comprehensive Health Care- 1.5 trillion plus"...I used to be an auditor, and have some idea what these programs cost...well now that he is well underway to trying to get these things, like they used to say, are we better off??
Unemployment not only stubbornly refuses to go down, it goes up, even as GDP goes up. We have a massive amount of borrowing in TARP, and yet hardly any of it has been used to do much of anything except bailout big banks thats are crapping on customers like me
Have you had you credit card lines slashed? i HAVE . Visa account w $5000 line, zero balance, slashed to $200 limit(really); another bank reduced a credit line to balance owed. Interest on all accounts hiked up...and here is a little secret...as the amount you go is compared to the credit available, it effects you FICO score...so the above little shennaigans by the banks caused my credit score to drop from Excellent to Good...thing what its doing to people with Good or Fair credit...its forcing them out of the credit marketplace..making buying things like the Government Motors cars more difficult and yes more expensive...
Lets talk about Government Motors and Fiat Chrysler....sales are dismal, because there is no confidence in their ability to be around, in the fact that buying a cars from them is like lending your crazy uncle money to built a house and then agreeing to buy it from him...at a profit...
What jobs have been created? Government jobs? I have a cousin who is gleefully collecting unemployment (he's a idiot) and is now overjoyed he gets an extension...meanwhile the US government (thats really us taxpayers) paid for him to learn to be a real estate broker...yet he can't find a job since the real estate market still sucks especially here in the west...
Our state of california was the laughingstock for being billions in the hole, yet today 9 more states are lining up to be broke as well...yet Obama says states have to figure it out- Hey, MR President, if the national economy is sucking badly, and there is massive unemployment, and the unemployed pay NO taxes, where are the states going to get the money? I mean after all, they rely on tax income to fund government...hello??? His answer= A Job Summit.
And then there is the so called "good war" in Afghanistan, where Obama has so far failed to lead . I dont know, people used to tell me making a bad decision was better than no decision. I guess they didn't teach that in Chicago. Its called leadership...and I think this country is sorely lacking any. Just watch CPAN, and see how Congress behaves if you think i am wrong.
Thanks for letting me rant here, and have a nice weekend. I am taking a long weekend since I have a salary cut ....what is it, 20% now...guess the government will have less to take anyway
(In a bit of irony, my pay raise became effective the same day they announced increasing the salary reductions for salaried employees- so my raise amounts to .07% (roughly $4.55)- what will i do with all that money? Buy an extra Big Mac?)
I cannot stand liberals either.
ReplyDeleteI will make my own family if I want to support and help others, the libs need to learn they must carry their own way in life and not demand everyone else carry them from cradel to grave, as a family member!
Well said canice. Where oh where has the common sense gone...oh where oh where could it be?
ReplyDeleteI hear you! Got no raise last year no raise this year and they cut my hours.In total I have lost about $400.00 a month.
ReplyDeleteHail to the new boss, same as the old boss!
ReplyDeleteStill waiting for the Glorious Leader with his shiny new peace medal to say if 10K new troops, or 20K, or 30K or 40K.... Nothing like a new Vietnam to suck resources away like a black hole. Sure, the Glorious Leader inherited the war from King George II, but it doesn't mean he has to nurture it.
ReplyDeleteThe whole credit rating score thing is a scam on the people and should have been one of the things the Glorious Leader should have done away with. The credit card companies were handing out cards like candy at a parade, even to dogs and cats and maybe a few pet pigs. Something needed to be done with the credit card companies, but the Glorious Leader's new bill did little to help anyone. It did make the credit cards companies stop giving dogs and cats credit cards by proxy. It does nothing to help those who were scammed by the credit card companies into having 30% interests and who are holding huge balances.
ReplyDeleteAs for the zero balance card being reduced, they may eventually take the card away. Even before the new credit card bill, I had a company to take away a card because I was not using it, zero balance. My brother had the same thing happened to him. See, if you don't use the card, they don't make any money from you. Even if you pay off the balance each month, when you use the card they get a fee paid by the merchant. They want you carrying a balance and paying them fees as well, but at the least they want you using the card to get merchant fees.
Liberals and conservatives fall at the edge of the bell curve. They are not the norm. My guess would be that the make up of Congress would also generate the normal bell curve, meaning that most of Congress is neither liberals nor conservatives. However, those two labels are what makes for discord and that is what the game is really about.
ReplyDeleteYes you can say something!
ReplyDeleteI have not had the credit card thing affect me. That is a bit scary. From everything else you said, I would have thought you are the sort of person who they wouldn't have to worry about, and they would be well able to trust you to pay your bills.
There was a nice little book published recently about the Reagan administration's Initial Actions Project. Arthur Laffer writes an excellent introduction, in which he mentions the current administration's policies in the early days. He says with regard to economic policies "... the Obama administration seems lost.Even worse, when the Obama administration does introduce an economic policy, that policy is most frequently opposed to growth. Whether fiscal policy, monetary policy, trade policy, or incomes policy, the current policy dials are all turned in the wrong direction."
He summed it up quite well, I think!
Like that photo.
ReplyDeleteI do pay my bills, even if my income is going negative... I got some more notices today with the latest round of monthly statements. One bank is changing my 2.9% interest to 11.9%. OUCH. Another, a gasoline company, is going from 17% to 26.99%. Luckily I pay that one off every month. Or pay cash at the pump.
ReplyDeleteMore importantly though, I find it VERY distressful that the Russians and Chinese are lecturing the US (aka Obama Administartion) about capitalism! I read an interesting piece about the economic balance and how if the USA continues its wayward fiscal policies, we would end up in 2020 ( 11 years) with a $30 trillion debt, and by 2030, $50 trillion. If 1 trillion is so difficult to comprehend, try 50- That was written up as $50,000bn, I guess so people could fathom the enormity of the number....All i know is I am working to be debt free. I will continue to drive my clunker and eschew buying on credit...
Whatever happened to the old notion that usury was a really bad thing? I can't believe any government would allow such as this 30% interest on credit cards, and people paying mostly interest to live in a house they've "bought."
ReplyDeleteWe don't need lots of these expensive bailouts and government assistance programs, just sanity about what is right in business (and banking reform).
I agree...ever wonder why if a thirty year mortgage is say a $1000 a month, why isn't a 15 yr mortgage $2000 a month...interest, that's why.
ReplyDelete