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Originally Posted by AGDee
At the same time, we play this blame game, even if it's a cyclical inevitability and I think that blame game hurts us more than anything. We also tend to want a quick fix for EVERYTHING (from weight loss to health care to the economy) so we keep expecting someone to come in and fix it for us when the reality is that there may not be a fix. Which party is going to win on a platform of "We can't fix it so deal with it"?
As much as people are reveling in lower property taxes around here, it also means fewer services. Fewer police, returning to "pay per call" firefighters (who are slower to respond resulting in more property loss and loss of life or injury), less salt on the roads, more potholes, etc. I WANT my city services to continue, even if it means that those of us who can pay more in property taxes have to do that. I don't want to be put on hold when I call 911. I don't want to slide on black ice because they can't afford more salt (they only salted intersections and curved roads this winter and it was a noticeable difference). Eliminate waste? Absolutely, because there is some everywhere. But a total tax holiday? No way! It seems that could MORE costly than the bailout plans.
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Dee, I agree.
For everyone:
Blame is an indication of "rationalization" of a problem rather than trying to understand the root causes.
I don't know what the root causes are other that what the media tells me. It does look like greed, like the grasshopper and the ant story... All summer long, the ants toiled to save for the winter, while the grasshopper played and was unconcerned about the change in the season. Fall came, and the grasshopper partied. Then the first blow of winter's chill, the ants survived because they prepared...
At best, you can corral ALL your IRA accounts, and roll them over to the new IRA's (includes Roth's) with a 6% return "grandfathered life insurance" that minimizes the loss as "insurance", without a health check, right now it is tax free to borrow out before aging into use. ROI amounts do vary.
If you have any capital (>$2500 these days), Cramer is saying buy as many energy/gas stocks, bonds and some manufacturing, even major commodities, like sugar cane, sorghum, etc. as well as blue chips if you can afford it. I would get into Food Coop/Farmer's Market that ship what's in season to you as season's change. If you live near farms, shop Kosher/Halal meats. If you can fish, get the aquaculture fish. You ain't eating Live Maine Lobster, but, you can eat Trout...
Seriously, even my father is bartering these days. If you have a service you can barter, do it. They have a Craigslist section. Flatten your energy bill, if you haven't already, cut cells phones off, or have bundled services. Dayum buy bootlegs, start living on the underground.
And I read, somewhere, on the internet, which could be wrong, if you are facing foreclosure, stay in your house before the police show up to evict you. Ignore the notices, do what you can as long as you can. Pride is not going to feed your family, seriously!
I would not believe any of the major media markets today because they are in the business of presenting news, mostly bad and negative these days. I am not talking about HRPL news. But we can all improve on our discernment on what is right and wrong. We do not have a loss of food, water, etc. Our infrastructure long neglected can use upgrades. Job losses are due to decaying businesses and structures that supported the "grasshopper's or locust's way of life" rather than the ants' which required us to work collaboratively for some time.
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KsigKid:
That said...I don't think throwing money at it is the answer, and I have faith that the market (and big businesses) will self-correct at some point.
I'm not trying to come at this from some ivory tower; I have some family members who are in pretty bad shape right now.
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KsigKid--
I wish throwing money would solve this problem, but leaving it to do nothing, will not self-correct it either. Because this problem is a "cancer" and we have to aggressively treat it if we want to survive as a country. If we fail to try our best to make a difference with this "patient" in who is in "active dying" mode, what's the point with having the United States? Maybe we will be wasting our money and owe the planets for our debt, but I personally rather try to make a difference, especially for those military service personnel who are coming back in boxes... For whatever it is that makes us American, that is what make it worth the effort for me. JMO...
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