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Post by Nathan on Mar 17, 2009 23:52:17 GMT -5
So...How does everyone feel about the current state of economy?
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Ruh Roe
New Member
Prophet[M:0]
Posts: 23
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Post by Ruh Roe on Mar 18, 2009 15:46:12 GMT -5
Well you tell you the truth I haven't had any side effects happen to me. I heard about it but I haven't seen anything bad happen yet. I know we are in debt to China though.
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Post by Julia on Mar 18, 2009 18:10:33 GMT -5
I'm a conservative. Republican. Heck, nutcase. Whatever you want to call me XD Most people think that cutting back is going to solve everything. Yes, we have to cut back and do what we can. But the government isn't helping. This so-called 'stimulus' bill isn't going to do anything. We don't even have the money, and they were so focused on getting something through quickly that they didn't do it right. There is so much pork in that bill, and so much money that won't do a thing for the economy. Want to stimulate the economy and fix this? Do something that helps the people who are doing it right instead of punishing them. The people who pay all of their taxes and bills on time, the people who work every day, the people who live within their means and don't spend more than they have. But no. The people who are in debt and who can't balance their own budget are the people getting the help, while the middle class is expected to carry the country through everything. Does that sound fair to you? Didn't think so. And have you heard what Obama wants to do next? He wants to force all veterans who were injured during their service to pay for their therapy and treatments on their own personal insurance. That's not fair to the rest of their families. Some of them don't even have enough to cover that - it would get maxed out. Then how do they cover the rest of their family? This isn't fair to the people who risked their lives for our country. Bottom line - we need to do it right, live withing our means personally and as a country. We also need to do it right instead of doing it quickly. A repeat of FDR's New Deal is not what we need. But I'm afraid that that may have already happened.
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Post by Nathan on Mar 18, 2009 20:29:28 GMT -5
I'm a conservative. Republican. Heck, nutcase. Whatever you want to call me XD Most people think that cutting back is going to solve everything. Yes, we have to cut back and do what we can. But the government isn't helping. This so-called 'stimulus' bill isn't going to do anything. We don't even have the money, and they were so focused on getting something through quickly that they didn't do it right. There is so much pork in that bill, and so much money that won't do a thing for the economy. Want to stimulate the economy and fix this? Do something that helps the people who are doing it right instead of punishing them. The people who pay all of their taxes and bills on time, the people who work every day, the people who live within their means and don't spend more than they have. But no. The people who are in debt and who can't balance their own budget are the people getting the help, while the middle class is expected to carry the country through everything. Does that sound fair to you? Didn't think so. And have you heard what Obama wants to do next? He wants to force all veterans who were injured during their service to pay for their therapy and treatments on their own personal insurance. That's not fair to the rest of their families. Some of them don't even have enough to cover that - it would get maxed out. Then how do they cover the rest of their family? This isn't fair to the people who risked their lives for our country. Bottom line - we need to do it right, live withing our means personally and as a country. We also need to do it right instead of doing it quickly. A repeat of FDR's New Deal is not what we need. But I'm afraid that that may have already happened. It is sad , but try. We are going to have survive this. The government is ignoring us. We have to do something.
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Post by Julia on Mar 19, 2009 19:05:39 GMT -5
I know we're going to survive it. And I also know that all these bailouts and 'stimulus' are only making our money worth less and is putting an enormous debt on future generations. What can we do? People on Capital Hill aren't listening to us now...we can send as many letters as we want, the government does what the government wants.
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Post by Nathan on Mar 19, 2009 22:13:03 GMT -5
...and look at AIG with their bonuses...
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Post by Julia on Mar 20, 2009 15:08:06 GMT -5
They said that the government may be taxing those bonuses 90%. I hope that goes through. Also, at least half of them are giving half their bonuses back.
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Post by Nathan on Mar 20, 2009 16:37:30 GMT -5
They said that the government may be taxing those bonuses 90%. I hope that goes through. Also, at least half of them are giving half their bonuses back. Their finally realizing some things....
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Post by Julie on Mar 20, 2009 20:11:05 GMT -5
I don't know much about the actual stats or whatever about what's going on. .
but we're studying the Great Depression. Scares me how similar it is to now. It's insane
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Post by Nathan on Mar 20, 2009 20:35:10 GMT -5
I know...but some people are saying we will get out of this in a year or two..
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Post by Julia on Mar 21, 2009 14:41:52 GMT -5
Did you hear the latest about AIG? They gave out $218 mil in bonuses, not $165, which AIG reported. The Attorney General in Connecticut confirmed it. It's on the paperwork. And now they want to sue the federal government to get out of paying taxes.
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Post by Nathan on Mar 21, 2009 14:55:25 GMT -5
That's just wrong...
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Post by Julia on Mar 23, 2009 15:07:17 GMT -5
I apologize for my posts about the AIG bonuses. I didn't know the full details. In actuality, the way that the AIG contracts were constructed was such that the employees go the majority of their pay in a bonus at the end of the year instead of monthly. By using this money to pay bonuses, they were only fulfilling contracts. Did you expect them to not honor contracts? The company is honoring contracts, not giving out extra.
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Post by Nathan on Mar 24, 2009 19:20:10 GMT -5
Oh I didn't know that...
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Post by Julia on Mar 25, 2009 14:37:57 GMT -5
The article was from Bloomberg news, but I can't find an online version of it anywhere.
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