Fed Up with bailouts and this banking bullshit

[The Master]

Well I ranted.

http://www.iwastaken.com/forum/right...-rant-173.html

What people do not know is that we can get away from the damn Federal reserve, yet no one will step up.

End the Fed


Some Americans are fed up. You should be too

The best part of this. There is a City that has already stepped up. If we could get more independents together and organized we could end the fed's reign


Comment away. If you like post it over on the other site and let everyone else know you are fed up with the ignorance that the Federal Reserve has put forth

[The Master]

ha no comments here or there?

I figured as much.

Guess sheeple will be sheeple.

[arfrce1]

I would have to agree with you on this.... If I a middle class citizen were to default on my home loan, auto loan, or any other type of loan the federal government isn't going to bail me out, AND let me keep my stuff... That is what bothers me. The government is bailing out these financial companies AND letting them keep their assets to continue to make money. If it were any average Joe citizen we would loose our stuff and still not be able to afford crap, let alone make money.... I think this will ultimately hurt our economy rather than help it...

[winkyhead]

So, I posted a link to this thread on myspace, and this. Let me know if I missed something.

Funny how our gov.
will help the companies who are supposed to be making the big bucks, yet when it comes to us average people who bails us out on foreclosures? Who saves us?

Here's something else fun, do 7.5 trillion and let's just say there are about 250 million people over 18, so divide 7.5 trillion by 250 million and see how much money you could have in your pockets? Feel free to post a comment below this post if it would help you clear out some of your debt. And if not, feel free to say what you'd spend it on to boost the economy. It's rather fun to see how much money you'd end up with. If you don't do the math right, don't feel bad, I can post it in a comment below if you all message me saying you can't figure it out. It's a lot of zeroes and the first time I did it on paper, though I accidentally used 7.5 trillion. But tonight I did it again on the calculator on the computer as it can handle all the zeroes. I was right though. That .1 trillion only made a $400 dollar difference.


Though if you don't feel like doing the math, I have a link for you to read and it does the math for that amount divided up for man, woman, and child in the U.S. Though, to find the amount quicker just hit ctrl and F at the same time to search the page and put in They Got Snookered If you read right under that part, you can see how much everyone could have for the amount the credit industry is getting.
Here:
http://bloomberg.com/apps/news?pid=2...Drk&refer=home

^that's something to think about too. Would you rather have that amount of cash on you to put back into the economy and the credit industry paying off debts, or would you rather see the gov.
giving it to the credit industry straight up so we can ask for more credit and further ourselves as individuals in debt?

[arfrce1]

That link has been disabled....

[winkyhead]

Thanks, think I fixed it.

[Prime]

Quote: Originally Posted by arfrce1

I would have to agree with you on this.... If I a middle class citizen were to default on my home loan, auto loan, or any other type of loan the federal government isn't going to bail me out, AND let me keep my stuff... That is what bothers me. The government is bailing out these financial companies AND letting them keep their assets to continue to make money. If it were any average Joe citizen we would loose our stuff and still not be able to afford crap, let alone make money.... I think this will ultimately hurt our economy rather than help it...

That right there sums up my feelings exactly. I think the hit to the economy from the big three failing is just going to have to be lived with. The failings of the big three and the banks are the fault of the company leaders and share holders. Also like said above, what about the average Joe that trys to open a deli for example and fails, is the gov going to bail them out? Nope.
Piss poor management caused this problem and once they get the money it will continue to be the problem.

[1fINEdIME]

whats killing the automakers are the BULLSHIT union contracts ****ing bmw's are made right here in sc they make 25 - 30 bucks an hour ... someone told me that in detroit its 60 - 70 an hour ....... that right there shows where all the fuggin money is going to

[The Blown Blazer]

Quote: Originally Posted by 1fINEdIME

whats killing the automakers are the BULLSHIT union contracts ****ing bmw's are made right here in sc they make 25 - 30 bucks an hour ... someone told me that in detroit its 60 - 70 an hour ....... that right there shows where all the fuggin money is going to

And you're dumb enough to believe that? 60-70 an hour is reserved only for senior white collar workers.

My girlfriends Dad works for GM Powertrain and he makes exactly $29 an hour, with 26 years in.

And the reason people didn't respond to this initially is because most people don't give a shit. I consider myself to be in that group.
50 people on an internet forum aren't going to change anything, they're only going to get laughed at. Granted, sounds eloquent and intelligent on the subject may look good, but it doesn't make a bit of difference.

[The Blown Blazer]

Quote: Originally Posted by winkyhead

So, I posted a link to this thread on myspace, and this. Let me know if I missed something.

Funny how our gov.
will help the companies who are supposed to be making the big bucks, yet when it comes to us average people who bails us out on foreclosures? Who saves us?

Here's something else fun, do 7.5 trillion and let's just say there are about 250 million people over 18, so divide 7.5 trillion by 250 million and see how much money you could have in your pockets? Feel free to post a comment below this post if it would help you clear out some of your debt. And if not, feel free to say what you'd spend it on to boost the economy. It's rather fun to see how much money you'd end up with. If you don't do the math right, don't feel bad, I can post it in a comment below if you all message me saying you can't figure it out. It's a lot of zeroes and the first time I did it on paper, though I accidentally used 7.5 trillion. But tonight I did it again on the calculator on the computer as it can handle all the zeroes. I was right though. That .1 trillion only made a $400 dollar difference.


Though if you don't feel like doing the math, I have a link for you to read and it does the math for that amount divided up for man, woman, and child in the U.S. Though, to find the amount quicker just hit ctrl and F at the same time to search the page and put in They Got Snookered If you read right under that part, you can see how much everyone could have for the amount the credit industry is getting.
Here:
http://bloomberg.com/apps/news?pid=2...Drk&refer=home

^that's something to think about too. Would you rather have that amount of cash on you to put back into the economy and the credit industry paying off debts, or would you rather see the gov.
giving it to the credit industry straight up so we can ask for more credit and further ourselves as individuals in debt?

Where is this trillion number coming from? The national debt?

And you're just as bad as the people giving economic stimuli because you're too narrow minded to think people won't pay off "debts" with free money. That money isn't going back into the economy, just like how the last stimulus package didn't make a huge difference.

Ask any one with debt (house, car, college, etc) what they would do with 10,000. Guaranteed they would all say "pay off x" and not "blow it all to help the economy, but still get stuck with my regular monthly payments."

[xtremefour]

I can't stand what is going on in this country. My wife and I have been struggling for a long time now. My work dropped HMO Ohio where on my family package I was paying 180 a month now I had to choose another provider and the cheapest is Kaiser and they are charging 350 a month.

Child support sucks and the Cuyahoga county is run by morons. We are over 5,000 in back cs and all we get is, oh well.

If I were to get any stimulus check I would love to get a new TV but I would just pay off my debt I have already.

We have no credit cards, no cable tv, no home phone, no internet at home. We have tried to get rid off all of are unnecisary bills and things are still tuff with 3 kids and normal bills.


Matt

[winkyhead]

Quote: Originally Posted by The Blown Blazer

Where is this trillion number coming from? The national debt?

See here:
http://www.iwastaken.com/forum/break...llion-163.html
It's the big loan to the credit industry from what I gathered.

Quote: Originally Posted by The Blown Blazer

And you're just as bad as the people giving economic stimuli because you're too narrow minded to think people won't pay off "debts" with free money. That money isn't going back into the economy, just like how the last stimulus package didn't make a huge difference.

I guess you didn't read the part I put in my previous post about people paying off their debts and putting money into the credit industry that seems to be getting the money anyways. Kind of thought that was how money circulates. Someone pays off their debt(s) and then someone else can get that money. Guess with my "narrow minded"-ness I didn't already think of that and mention it.

Quote: Originally Posted by The Blown Blazer

Ask any one with debt (house, car, college, etc) what they would do with 10,000. Guaranteed they would all say "pay off x" and not "blow it all to help the economy, but still get stuck with my regular monthly payments."

Would I be right to guess you have plenty of debt? There are people out there who don't have debts, some who have just what little they have and are happy with it. That would give them the spending money they might be trying to earn with overtime at work or that they've been saving. I don't know how much you make, but up until I just quit my job, I'd only been making 24k a year and still doing well managing my money throughout the gas crisis and this economy. Now, if you make more than me, then I don't understand how you and people that make more than that can have problems with your money. I only have me, my wife, and our son. We've been doing well for this whole thing. If you learn to budget yourself like the above poster you can make it through anything. (Hope your luck picks up dude) Let's just HOPE all this CHANGE doesn't break us by putting on new taxes or anything ridiculous.

[winkyhead]

Or maybe it's now 7.7 trillion? I don't know, but this gov. spending spree is getting pretty damn ridiculous.

http://bloomberg.com/apps/news?pid=2...Drk&refer=home

[dimerunner88]

Quote: Originally Posted by The Blown Blazer

And you're dumb enough to believe that? 60-70 an hour is reserved only for senior white collar workers.

My girlfriends Dad works for GM Powertrain and he makes exactly $29 an hour, with 26 years in.

And the reason people didn't respond to this initially is because most people don't give a shit. I consider myself to be in that group.

50 people on an internet forum aren't going to change anything, they're only going to get laughed at. Granted, sounds eloquent and intelligent on the subject may look good, but it doesn't make a bit of difference.

but how much does his benefits cost aswell? thats where the $70/hr comes from,they factor in the cost of benefits aswell.

[The Blown Blazer]

Quote: Originally Posted by winkyhead

See here:
http://www.iwastaken.com/forum/break...llion-163.html
It's the big loan to the credit industry from what I gathered.

I didn't realize it was that much money. Holy shit.

I guess you didn't read the part I put in my previous post about people paying off their debts and putting money into the credit industry that seems to be getting the money anyways. Kind of thought that was how money circulates. Someone pays off their debt(s) and then someone else can get that money. Guess with my "narrow minded"-ness I didn't already think of that and mention it.

I was thinking more along the lines of the economic stimulus packages (~$600) and not the ~$30,000 amount if everyone split 7.5 trillion. Granted it's hard and true numbers, it's completely unrealistic.

Would I be right to guess you have plenty of debt? There are people out there who don't have debts, some who have just what little they have and are happy with it. That would give them the spending money they might be trying to earn with overtime at work or that they've been saving. I don't know how much you make, but up until I just quit my job, I'd only been making 24k a year and still doing well managing my money throughout the gas crisis and this economy. Now, if you make more than me, then I don't understand how you and people that make more than that can have problems with your money. I only have me, my wife, and our son. We've been doing well for this whole thing. If you learn to budget yourself like the above poster you can make it through anything. (Hope your luck picks up dude) Let's just HOPE all this CHANGE doesn't break us by putting on new taxes or anything
ridiculous.

You'd be right to guess between 2 cars and school, I have plenty of debt. I am in school full time and work part time about 8 months out of the year, so I make much less than you. Budgeting is something people need to learn and stick to, but careless spending via long termed loans and credit cards are what really get people f'd up.

..

[The Blown Blazer]

Quote: Originally Posted by dimerunner88

but how much does his benefits cost aswell? thats where the $70/hr comes from,they factor in the cost of benefits aswell.

Who knows. The OP of the statement made it seem as if that was an hourly wage.

[joedoh]

Quote: Originally Posted by dimerunner88

but how much does his benefits cost aswell? thats where the $70/hr comes from,they factor in the cost of benefits aswell.

exactly, my employer contributions to health care are 12500 per year, and their pension and IRA match another 11000. Factor in PTO (paid time off) and my salary is easily 40% higher than what I gross in a year.


Back to the "lets give the bailout money to the people" argument, I love simple, elegant, solutions more than anyone, in fact that is a large part of my day job. But you are not going to come to a simple solution by looking at one set f numbers (the bailout amounts) and comparing them to another set of numbers (the number of people over 18 in the US).

Firstly, the cost of evrything would quadruple, quintiple, OCTUPLE if people suddenly had all the money they needed to pay off debt.

Secondly, the bail outs are paid for with OUR TAXES, so your solution is to essentially tax ourselves ad infinitum years so that we can be debt free now? That sounds an awful lot like a loan, especially when you consider the time value of money makes the future tax amounts greater by an interest rate.

Thirdly, lottery winners have proven that slobs with a lot of money just rack up huge debt. How much is enough? 1 million each? 2? 7? 400? Look up the sob stories from lottery winners that had those amounts and more and ended up destitute because they spent it all and didnt want to go back to work. Would you go to work if all your bills were paid and you had a nest egg? Retire early? I am not saying that everyone would do this, clearly in history not everyone has, some people are able to save. But all you do with a personal bailout is make the person 1. unwilling to work hard and 2. expectant of another bail out. In the 90's in africa they sent millions in aid packages to starving people and all it taught them was that they didnt have to do anything and people would provide for them. They gave up farming and self existance and when the aid dried up a lot of people died because they didnt have the infrastructure to sustain themselves any longer.


I am not claiming that bailing out the banks or the automakers or anyone else is a great idea. Once you have government regulated healthcare and automobiles and banking and housing et al, you live in a socialist country. I also agree that talking about it is useless, that action is more than agreement on a forum. But you cant just regurgitate what rush limbaugh says without understanding the context he is saying it in: that giving away money for bad mistakes banks made would be JUST AS EGREGIOUS as giving it to the people, that we have to have our heads really far up our asses to consider either and if there is a lesser evil it would be giving it to the people.

[winkyhead]

Quote: Originally Posted by The Blown Blazer

See here:
http://www.iwastaken.com/forum/break...llion-163.html
It's the big loan to the credit industry from what I gathered.

I didn't realize it was that much money. Holy shit.

I guess you didn't read the part I put in my previous post about people paying off their debts and putting money into the credit industry that seems to be getting the money anyways. Kind of thought that was how money circulates. Someone pays off their debt(s) and then someone else can get that money. Guess with my "narrow minded"-ness I didn't already think of that and mention it.

I was thinking more along the lines of the economic stimulus packages (~$600) and not the ~$30,000 amount if everyone split 7.5 trillion. Granted it's hard and true numbers, it's completely unrealistic.

Would I be right to guess you have plenty of debt? There are people out there who don't have debts, some who have just what little they have and are happy with it. That would give them the spending money they might be trying to earn with overtime at work or that they've been saving. I don't know how much you make, but up until I just quit my job, I'd only been making 24k a year and still doing well managing my money throughout the gas crisis and this economy. Now, if you make more than me, then I don't understand how you and people that make more than that can have problems with your money. I only have me, my wife, and our son. We've been doing well for this whole thing. If you learn to budget yourself like the above poster you can make it through anything. (Hope your luck picks up dude) Let's just HOPE all this CHANGE doesn't break us by putting on new taxes or anything
ridiculous.

You'd be right to guess between 2 cars and school, I have plenty of debt. I am in school full time and work part time about 8 months out of the year, so I make much less than you. Budgeting is something people need to learn and stick to, but careless spending via long termed loans and credit cards are what really get people f'd up.

2 CARS?! Why? lol j/k I feel ya man. If our gov. had some sense, they'd see people could use the money to shovel it into the credit industry by paying off their debts. But, look who seems to be doing all the talking. Barney Frank! LMAO, talks like he's got some dude's hairy set of balls in his mouth. You actually might be making more than me now though.... I am no longer w/ the jtv. I started working w/ my dad this weekend detailing vehicles. It may not last long either. I think he'll never be happy with the speed of who ever works with him. Ah well. I'm too quality and detail oriented. I make sure I get every damn smudge. I guess he expects quicker w/ his regulars. Though it's also been a while since I worked w/ him. oh well.

[dickeydoo]

I'm glad we aren't as hard hit here (yet). I don't know of anyone who has been laid off, although I don't get overtime at work anymore that part blows.

[The Master]

Clarifications.

1. people talking of 70/hr is including benefits.
2. 50 odd people can grow to more than that. It does not happen overnight.
3. When you take the 7.7 Trillion and want to spread it amongst everyone you dont divide the total number estimated to be the populace. You have to divide it by the tax payers. They would discount the children at a lower rate as they do now as they are not paying taxes (federal income taxes) and should not be getting the refund themselves. We would be looking at much lower numbers to deal with realistically.
4. It is not my position to give away this money to the people instead of companies. I am also not for giving it to the companies.
5. Talking about it generates a following, which can be organized, which can ten be taken to actions. It can not happen overnight, but it would be nice. Look at this site, the first year it was not moving and now it is one of the largest s-series sites. The site in question was started a few days ago...well reorged a few days ago. It is not going to blow up overnight.

[dngrous_dime]

Quote: Originally Posted by dickeydoo

I'm glad we aren't as hard hit here (yet). I don't know of anyone who has been laid off, although I don't get overtime at work anymore that part blows.

Shhh, we're talking about people that MATTER, not Canadians.....

[ProTouring2.2]

Quote: Originally Posted by The Blown Blazer

And you're dumb enough to believe that? 60-70 an hour is reserved only for senior white collar workers.

My girlfriends Dad works for GM Powertrain and he makes exactly $29 an hour, with 26 years in.

And the reason people didn't respond to this initially is because most people don't give a shit. I consider myself to be in that group.
50 people on an internet forum aren't going to change anything, they're only going to get laughed at. Granted, sounds eloquent and intelligent on the subject may look good, but it doesn't make a bit of difference.

Look at this site and how big it is. It didn't happen in a week.

We're not trying to limit ourselves to blowing smoke on an internet forum, because that would be pointless. What we're trying to do with that site is find people who feel the same way we do, and provide them with an outlet of discussion. When we start rallying more people we can move towards action, but it has to start somewhere.

[Forklift]

most of this goes way over my head and Id need some serious cliff notes to understand. Give me a radio or alarm, that I can understand. I think that to the average American Joe(the Plumber) the economy has become to complex and everybody just wants change and stuff to change without knowing how