I Like This Recovery Plan

[Elumia]

we did put 25 Billion into Detroit today for US automakers.....

[Miriam C.]

we did put 25 Billion into Detroit today for US automakers.....

You mean those who gave credit to anyone and everyone........reguardless of credit. Those who charged double for the cars....PURE BS

[Turtle49]

Not to pee in anyone else's corn flakes, but a thought occurs to me.

If the 85 Billion bailout is costing everybody over 18, $425. Or $850 per couple, then why are the politicians saying that it will cost the average tax paying household $11,000?

What does that say about how many of us are shouldering the tax burden in this country?


Just my 2 cents.....
Tim

[Kurt (Indiana)]

$700,000,000,000/200,000,000= $3500 each ($7000 per household). That doesn't add up to $11,000 either.

Lots of numbers floating around but do they make any sense?

Somehow I think the $700 Billion figure is bogus and is only the beginning of the problem. I hate to think what's coming next.

The bad news is that since I'm now retired, I can listen and watch the "news" all day long. I usually get sick of it and turn it off.
It's not bad enough to make me want to go back to work but it is pretty disgusting to watch.

At least oil dropped by about $10/ barrel. I wonder when gas prices will follow (ha!)

[Turtle49]

You know....I keep getting all these zero's messed up!!!!!

What does that say about the current state of things....

Here is a trick on how to figure the math without letting the zero's get in the way.

Go to Google search and type in:
700 billion divided by 200 million

It will return this answer:
700 billion divided by 200 million = three thousand five hundred

Google is awesome!

Tim

[Miriam C.]

Not to pee in anyone else's corn flakes, but a thought occurs to me.

If the 85 Billion bailout is costing everybody over 18, $425. Or $850 per couple, then why are the politicians saying that it will cost the average tax paying household $11,000?

What does that say about how many of us are shouldering the tax burden in this country?


Just my 2 cents.....
Tim

Interest and dividends we are going to pay Wall Street investment bankers.

This way 700,000,000,000
xxxxxxxxxxxx200,000,000

Just cancel the zeros and devide

Truth is the "commission" they want is starrier than anything I have ever seen.

[Toolie]

What do you think? Whoever the new President is, he'd better have a strong heart because he's walking into a hot, steaming pile of deep dodo!


I've heard several of those TV analysts say that , with all that's happening, Americans will have to get used to a lower standard of living.
I drive a thirteen year old car and live in a 74 year old fixer upper. No big screen TV, no expensive sound system; home made pedicures and no artificial nails. I change my own oil and do my own plumbing. I buy most of my clothes at Wally World and K-Mart. Are you'all coming down to join me or am I in for a big surprise?

[Kurt (Indiana)]

What do you think? Whoever the new President is, he'd better have a strong heart because he's walking into a hot, steaming pile of deep dodo!


I've heard several of those TV analysts say that , with all that's happening, Americans will have to get used to a lower standard of living.
I drive a thirteen year old car and live in a 74 year old fixer upper. No big screen TV, no expensive sound system; home made pedicures and no artificial nails. I change my own oil and do my own plumbing. I buy most of my clothes at Wally World and K-Mart. Are you'all coming down to join me or am I in for a big surprise?

Toolie, that sounds familiar. The biggest difference is that my car is 43 years old (at least the one I drive in the summer.) I don't know what to cut back on.

[cokebottle10]

I believe that a thrid of the US population has never seen double digit inflation, double digit unemployment, double digit mortgage rates and gas lines with buy it on even days if your car tag ends with a even number. I think that we are headed for the good old Jimmy Carter days again. I do not think that ether one of these candidates will be able to fix it. Maybe in the long run it will be good for the country.

Right now I think that the best thing to invest in would be good locks, lights, guns and ammo.

[cokebottle10]

Just one more thing. Who is a US auto maker? Ford? GM? Dodge? or is it Now Toyota, Honda, BMW? I do not know about the rest of them but I do know that the BMW plant close to me exports cars back to Germany and other places aroud the world. Does that make it a US Auto maker?

[mikeschn]

Just one more thing. Who is a US auto maker? Ford? GM? Dodge? or is it Now Toyota, Honda, BMW? I do not know about the rest of them but I do know that the BMW plant close to me exports cars back to Germany and other places aroud the world. Does that make it a US Auto maker?

Good question. How do you define a US auto maker? One who has it's headquarters here, or one who does a better job supporting the local economy.

I keep seeing this bumper sticker on the road. "Out of a job yet? Keep buying foreign." And I typically see them on Fords, Chryslers, and GMs. But my Ford Fusion was built in Mexico. GM's HHR is built in Mexico, as is the Chrysler PT Cruiser.

And I know the Japanese transplants all build in this country, supporting the local economies.

Mike...

[cokebottle10]

Why did the "Big Three" not see this coming? Why do we have to pay for their mistakes. In 2005 a couple of friends of mine were talking about gas prices. We bet each other when oil would hit $100 a barrel. I lost. I said in the summer of 2007. I was only off a year. If a "Joe Six Pack" like me can see this comming why didn't the big three. At lease make a plan for it. Or was the plan a tax payer bailout when the time came?

If I screw up in my personal life. Then an apology and rehab will fix it.
If I screw up my finances. Then a government bailout.
You are guaranteed the PURSUIT of happiness. Not happiness itself.

Okay that is the end of my rant.

[zelix]

Hate to break the news to you all. They made this crisis happen. I'm talking about the top 1% of the richest people on the planet. The banks have all been bought out and consolidated.

The federal reserve owns the currency.


Quote About the Federal Reserve:

"The bold effort the present bank had made to control the Government, the distress it had wantonly produced ... arc but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution, or the establishment of another like it."
- Andrew Jackson, referring to the Second Bank of the United States, pre-cursor to today’s Federal Reserve Fraud


Quote about the military industrial complex:

“In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.”

The final address of former President, General Dwight D. Eisenhower.
January 17, 1961

[mechmagcn]

What do you think? Whoever the new President is, he'd better have a strong heart because he's walking into a hot, steaming pile of deep dodo!


I've heard several of those TV analysts say that , with all that's happening, Americans will have to get used to a lower standard of living.
I drive a thirteen year old car and live in a 74 year old fixer upper. No big screen TV, no expensive sound system; home made pedicures and no artificial nails. I change my own oil and do my own plumbing. I buy most of my clothes at Wally World and K-Mart. Are you'all coming down to join me or am I in for a big surprise?

I totally agree with this line of thinking. The middle class citizens of this country have enjoyed prosperity for years and it looks like we'll have to learn to live just above the poverty level now.
My home is a 29 y/o "mobile home" that is about to fall down around us,(was planning to build in 2 years, that ain't happening now!) our vehicles are all over 20 years old and I really don't see any way to replace any of it unless I hit the lottery (Hmmm... costs money to play ) Join you? I think I already passed you on the way down