There is always a degree of truth to the mudslinging. Unfortunately, I think a lot of people get so caught up in that drama they lose sight of what the real issues are. This election has turned into nothing more than a combination blame game, popularity contest and a way in which to insult each other. I forsee 4 moe years of similar "Bush type " attcks on whoever is elected.
We can expect that the winds of change and the straight talk express to blow the distinct aroma of BS our way. Breathe deeply so you get the full flavor.
I agree, they haven't shown the impact on the consumer even though I am sure there already has been. I've seen some of it but don't know anyone personally that has lost their job or home. At the moment they (the press and the politicians) are still fixated on playing the blame game.
Sometimes I think the news reporters are making this much, much worse. I'm not a fan of the $700B bailout but I think we need to give them a chance to get it going before we panic ourselves into a much bigger problem. We are such a "I want it now society" It took years to screw this up and a fix will take at least months before we start to see sustained improvement
Not a great feeling but it's better to know it's out there than to be surprised. The tornado warning is over but the severe weather watch is still out. Hopefully nothing comes from this.
I think the current crisis was caused by a lot of factors. Devaluation of housing, The greed from the CEOs at Fannie, Freddie, AIG, etc.. (Poor business practices from banks and other lending institutions). We in the US can blame both the dems and reps for their lack of oversight and we can blame those who borrowed more than they could reasonably pay back. We can blame till the cows come home but the simple truth is that we are responsible for the problems that affect us.
There are definately some people who really are victims and are currently losing their homes due to no fault of their own but I would wager most are losing because they bought/borrowed beyond their means and the banks along with loose lending practices allowed it.
As for the other part of your question. Yes, I have felt it and lost money from my investments. I'm not going to panic though because I do believe they will recover and I invested those funds knowing I could afford to lose them. It's also become next to impossible to sell my house which is currently on the market but I can keep it if I have to.
FYI. Hope this thing passes on by without incident.
DALE AL-HENRY AL- 108 PM CDT WED OCT 8 2008 ...A TORNADO WARNING REMAINS IN EFFECT UNTIL 130 PM CDT FOR WEST CENTRAL HENRY AND EAST CENTRAL DALE COUNTIES... AT 105 PM CDT...NATIONAL WEATHER SERVICE DOPPLER RADAR CONTINUED TO INDICATE A TORNADO. THIS TORNADO WAS LOCATED NEAR SNOW HILL...OR 9 MILES EAST OF OZARK...MOVING NORTHEAST AT 16 MPH. THE TORNADO WILL BE NEAR... CAPPS BY 130 PM CDT...
Well, I think some (on both sides) are a bit sensitive. I really didn't see any disrespect from either Obama or McCain during the 2 debates. Politics are much like the legal system, adversarial in nature and such things should be expected as part of the sparring. However, they should both be careful to temper such things lest they turn off the very people they're trying to influence. JMO
Sparky55 Forum Posts (2,678)
Nice to see you again... 
RE: simple terms on how tax cuts really work?
Very nice way of explaining this. Can't wait to see a rebuttal to it.