How to Save the US Economy!!!

how does your plan benefit those of us who have been responsible,who have no credit card debt or high mortgage payment?

we are still dealing with the same inflation rate on fuel and food as those who chose to attempt to keep up with the Jones's and wound up burying themselves in debt due to bad financial planning.what about us who are struggling along with little or no debt?besides,with the way things are going that couple,few hundred bucks a month them folks will save now will quickly be consumed by the cost of living.

yes i believe it would help mask the core problems for a brief time but i dont believe it would stop whats coming for america..

 

i quit using credit cards many years ago. the interest rates and fees are beyond usury. they're ridiculous.

 

What about the responsibility of the banks that granted that interest and reaped the profits. Why not make those institutions pay?

They have and continue to write checks based on their expected returns. But the Fed balils them out but not the working man. Their profits are smoke and mirrors and always were.

 

Good, well meaning plan Skip.

Thank you for the suggestion.

However, frankly, I don't think it's gonna work.

Americans have become too addicted to spending beyond their means.
It will take years, perhaps generations to rectify the damage.

In short, this country will get what's coming.
Living beyond our means with the connivance of our own government spells economic suicide.

It's called poetic justice. "We reap what we sow"

 

Working american's aren't addicted, they've been plauged by applications, which no one has sought. This just points out as preadatory or nonregulated banking practices.. We can live within our means, but we need a leader that doesn't tell us to spend as a result of every crisis.

And yes we reap what we sow, but lately we've been told that garbage reaps gains. Time for truth!

 

oh come on are you saying that people in america are such sheeple that just because a president tells them not to spend beyond there means they will??

NO WAY,,.. yes americans are sheeple by in large but they tend to follow the herd and they all like shiny new things with all the bells and whistles..

as wbld said its been bred into them since birth. a president saying live within your means will not break there desire to keep up with the jones's..

you give them lower interest rates and more cash flow they will just upgrade all there shiny toys till there once again in the same damn sinking boat...

 

You''re saying the president has no political credibility.

 

Did our president ask us for compromises or sacrifices, except our children?

 

Bush never ask for any compromise, he only ask for expanded spending.

We waited for guidance after 09/11, the only thing we were told to do was shop. Great president wasn't he? His friends got rich, the people of America waited for some sort of security, we saw what we got with Katrina.

Hopefully the next president will be held accountable.

 

no im saying by in large people in america believe that wants are needs.
they have been taught this from birth.
they have been taught that you should have 2 new cars,a plasma tv in the family room,a bathroom and a computer for every person in the house,the latest fashions,your kids in all the latest after school programs,vacations, yadda yadda to be deemed "successful". in others eyes..
they have been taught that the only way to do this is through credit.. they have been taught little to nothing about personal fiscal responsibility..
that is what i am saying....

 

LOL. Bush tells us that the economic stimulus package will jump start the economy.

Is this an admission that the economy actually suffered a sort of paralysis that it somehow needs a quick jump start?

Similar to a car engine, did the battery run dry that a quick jump start is urgently needed? LOL.

With the Feds now bailing out troubled financial institutions,
I guess, the answer is obviously yes.

The problem goes deeper than what your government is willing to admit.
The truth is the country is trillions and trillions of dolllars in debt, due to financial mismanagement and misguided policies by our government who sold this country out, for the benefit of the few.

 

Yes, this phenomenon is called "entitlement".

Many Americans think that they are "entitled" to live the good life, complete with all the latest tools and gadgets that make life easy, comfortable, fashionable, etc., just because they happen to be born in this country. Just because they happen to be American, never mind the fact that all this attempt to "keep up with the joneses" entails them to get deeper and deeper into financial debt.

It's a bubble, Americans have been living in a bubble for far too long.
We shouldn't be surprised if the bubble burst in our faces.

 

The American people don't believe in entitlement, the only ones that do are the wealthy lobbyists. the American working man was left high and dry years ago. Bubbles want to talk about bubbles and protections only the moneytary interests have been protected lately. It's not the dumb working American's that supporting this shit it's the international /multi/non-national companies reaping huge returns that are the beneficiaries.

 

yes and giving americans a little extra money and lower interest rates will do nothing to solve this problem..

the situation we are faced with has so many facets to correct the core problem that it is going to take years and years to correct the damage done..

and yes as gardner says great sacrifices will have to be made by all including the government and those that rely on them to bail them out every time something go's wrong..

it aint gonna happen,democrat or republican,, in the world of presidential politics one can only cut so many corners and theres always something added to steal half of what was cut..

this problem isnt going to go away after the election,nor do i believe it will improve. on the contrary,i believe it will continue to disintegrate what little financial solvency we as a country and people have left..

 

Most of us are trying to pay our bills. Our kids attend public school, which Bush has come close to closing with his bills. We don't have plasma tvs we are the ones filing and hoping to get the tickets for this new HD TV crap. We sweat it every year that we have to smog our old vehicles, because you fat cats keep upping the bar.

 

LOL trust me the 40 million or so living in the south east sure as hell do..
i dunno about your part of the country but i can assure you they do in the south east by in large.

 

Billions and Trillions in debt the working American didn't put us there the Bush administration did. It didn't rebuild the twin towers, it didn't rebuild our preseence in the world, what it did was try to grab oil rights through PSAs in Iraq, and we are paying for it.

I hope the Iraqis never sign those PSAs I am willing to sacrifice for that. Hold strong Iraq!

 

Your talking about retirement communities in Florida? Hey if my folks were there, I'd want the best for them.

You think Hillary is going to look after your interests?

 

ok gardner i guess i dont live and work in your country..
i can only speak from my 20 plus years of working new construction in the southeast,dealing with people from all walks of life including the construction industry and yes most all them look at wants as needs,..
even the good old boy workin construction may not have a plasma tv he bought on credit but he sure as hell has a safe fulla guns,a four wheeler or two,there fancy pickup truck with the after market wheels while livin in a house he can barely afford, because he purchased all the other shit on credit..

im not going to sit and debate what americans are or aint with you.. im tellin ya what i see of americans as a whole where i live and work.