Originally posted by camaro68ss
I’m just sitting here shaking my head in disbelief and frustration.
I am shaking my head too. Un-freaking believeable!
I sort of predicted an economic collapse many years ago (around the time we first went into Iraq), and I also envisioned the next revolution - the
"Financial Revolution". I told my wife and a few close friends. They all think I am crazy. I still hold on to my predictions and am watching them
unfold, except now I just keep to myself.
I work in Property Management and it just plain stinks!!!!! Vacancies abound, rents are tumbling, delinquencies are plentiful, carrying costs
increasing, fuel costs increasing, insurance costs increasing, etc. Profits are non-existent and losses have taken over.
I also see the home building/construction industry as I support a few companies that own plots of sub-divided land. These guys will sell you a lot or
build a house for you, but no houses are presently being built, and none have moved in over a year. The carrying costs are enormous and there is no
light at the end of the tunnel.
In yesterday's mail I received a notice from my state that I have to pay an interest assessment for my states unemployment fund. The state had to
borrow from the Federal governemt and the interest is being passed onto all companies with payroll (unemployment accounts actually). I thought this to
be 1000% wrong and was quite upset that I am footing the bill for our state and federal government's stupidity. They screw up and I pay for it!
I am still hot under the collar about it, but I realize there is very little I can do. The tab for me was about $100, but it's the principal that
counts, not the amount. For others like my clients, it's in the thousands.
We hear all the non-action and fear mongering about the debit ceiling, but no one sees the solution. It is there in our faces, yet we are led to
believe it is unatainable. Our governemt does not place these on the table as many will view it as political suicide. If one would put it on the
table, I am sure the intelligent portion of the country's population (the ones that can see through the smoke and mirrors) would support it.
My personal view on the Solution:
-Immediately end our war in Iraq and get out. Stop funding them!!! (Why are we still there?)
-Immediately end the war in Afghanastan. Stop funding them too!!!! (Taliban did not cause 9/11.)
-Immediately end the war on Drugs (fictious war). Make pot legal and start taxing it. (Cha Ching!!!)
-Immediately stop payments to other countries. Why are we pissing away our money??? Are we a Charity Org?
-Immediately start looking inwards at solving our home land problems before we can look to the world again.
-Immediately raise tarriff's on all imports. No tarriff's on exports.
-Immediately abolish the TSA and all other ineffective "security controls". They don't work and cost a fortune.
The above are just some of the things I would do immediately to reverse the present 1,000 MPH nose-dive we are in.
Camaro, I am with you on this general topic. I used to take vacations twice a year. I have not been able to take a vacation since March 2008, and I am
working like a dog seven days a week. Why? Because I am doing three people's job's. It is literally killing me, but the alternative would really
I feel like my wheels are spinning as fast as possible, yet I'm going NOWHERE.
This is NOT the American Dream anymore. It's the beginning of our fall. Similar to the Roman Empire falling.
Lastly, (this one just kills me) anyone that thinks the stock market is an indicator of the economy needs to seriously rethink that. I am tired of the
news people and others that I know using the stock market as a gauge of the economy. They are so very mistaken!!! Yet some of these people are well
educated. I think they may have lost sight of what the stock market really is, how it works and who the players are. In my mind, the Stock Market is
no different from Las Vegas. Sometimes you win, but mostly you loose. It's a gamble at best! It is not like a bank where your principal is protected
The real gauge of the economy is the local business owner! Why doesn't anyone see that? It all starts and ends with the small fish. When was the last
time Obama went to buy bagels, or went grocery shopping, or filled up at a gas station?? He is delusional because he is removed from what the local
people deal with daily! Absolutely infuriating!
Sorry for my multi-point rambling, but I do feel much better now.
Thank you for the thread. It is for a good cause!