plunging dow
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And, in my position at a non-profit organization which enjoys such widespread and deep community support that it’s going to be the last thing any politician cuts funding for, I don’t see how I’d be effected either.
This doesn’t change the fact that I’m the exception and far from the rule.
A lot of people are sweating their jobs right now. Ordinary people with families to feed and keep housed.
I seriously dislike this notion that somehow this is a sweet deal because hedge fund managers are getting it in the ass. Wake up, hedge fund managers have their asses covered. And even if some of those type were getting theirs, is it worth the cost of so many out of work? Of course it isn’t. It is quite disgusting to take pleasure in this. (not saying you are usc)
Because it's kind of funny but not really:
Kevin Hassett is a McCain economic advisor.
No, that part is a little funny. Of course, that he is a McCain economic advisor is also a little terrifying.
uscitizen
Villified User
No Darla I feel the pain of those around me. And I will keep my business open as long as I can for the benefit of my employees.
I do however feel a bit of pleasure in being correct about waht was coming, not any pleaseure for the effects though. I tried to warn the greedy bastards and change the future. but alas. they just called me the fool.
btw from toppys posts looks like this has hit him pretty hard. the gal is plumb loopy sounding.
I do however feel a bit of pleasure in being correct about waht was coming, not any pleaseure for the effects though. I tried to warn the greedy bastards and change the future. but alas. they just called me the fool.
btw from toppys posts looks like this has hit him pretty hard. the gal is plumb loopy sounding.
LOL
The ripple effect is huge on this. If the market does really crash - like, 20% in value - people are really going to suffer. The people who already have a few million in the bank won't; they're "suffering" is basically downgrading their vacation plans from Bali to Hawaii.
It's people at the lower end, and small business owners, and anyone who relies on gov't assistance - basically, those who are having difficulty right now, anyway.
It's people at the lower end, and small business owners, and anyone who relies on gov't assistance - basically, those who are having difficulty right now, anyway.
Sir Galahad
Christian Socialist Party
So have I. Ah, the power of prayer!
uscitizen
Villified User
My business does not depend on credit for inventory or anything like that. I borrowed 100K plus a few weeks ago for an expansion. 1 yr note.
Topspin
Verified User
I'm not trying to slam you but, since the peak we're down about 30%
KingCondanomation
New member
False sterotype. 82% of millionaires are first generation millionaires, that is to say they attained that status by themselves.
"Only 19% receive any income or wealth of any kind from a trust fund or an estate.
Fewer that 20% inherited 10% or more of their wealth.
More than half never received as much as $1 in inheritance.
Fewer than 25% ever received "an act of kindness" of $10,000 or more from their parents, grandparents, or other relatives.
91% never received, as a gift, as much as $1 of the ownership of a family business.
Nearly half never received any college tuition from their parents or other relatives.
Fewer than 10% believe they will ever receive an inheritance in the future.
No, many of today's millionaires were not born with a leg up. They were born just as many of us were -- with no special financial advantages. Yet they were able to become much wealthier than most."
http://www.freemoneyfinance.com/mnd/index.html
Does your business depend on customers?
I'm talking about from here. Kramer - who I know has been off in the past - was talking this morning about a further decline of 20% going forward.
uscitizen
Villified User
Yes, but I just got a govt contract by undercutting the competition. And they can reduce the business in hard times but not cut it out.
And 2 of my competitors have gone out of business while mine has grown.
Cancel 2016.2
The Almighty
you really are an emotional tool. The bailout passing does nothing by itself.... especially since they already blew the chance to instill confidence by voting it down the first time. But Lorax is correct. This is designed to loosen up credit. It is not an overnight miracle pill that will solve the problems of the world in a day. It is not going to prevent a recession. It is designed to make it shallower.
But I know... you are an economic guru, just like toppy.
So in other words it’s designed to ensure that Americans can never definitively know whether it helped at all. We will have to accept the assurances that “it could have been worse”. I always have hated when something bad has happened and anyone told me that. I always feel like saying, I can punch you in the nose and then it will get worse.
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