Comments on Saving to Inve$t: I Want My Bailout Too and Here's Why

I still don't see any help for the people who live...

2009-02-25T22:43:00.000-05:00

I still don't see any help for the people who live paycheck to paycheck, hoping there is enough to cover the high electric bills and mortgage payments.

I couldn't agree with you more. I know you are bei...

2009-02-22T14:38:00.000-05:00

I couldn't agree with you more. I know you are being a bit sarcastic. But, the reality of it is that TARP at a minimum looks as if it is giving greedy incompetent people help that they do not deserve.

Beau

This economic stimulus bill is a real loser. It i...

2009-02-17T20:27:00.000-05:00

This economic stimulus bill is a real loser. It is way to complicated, not well planned, and will not put the money in the hands of the people who need it most (the American people). The money should have been divided up proportionatlely and given to the 50 states earmarked for roads, bridges, schools, prisons, and so much should have been earmarked for rainy day funds. The governors of all these states should have been called together for a meeting and told how the money was to be spent with absolutely no exceptions, and do not come back looking for any help unless it is an absolute emergency. The rest of the Trillion $ should have gone in the form of a one time $5,000 per individual, $10,000 per married couple rebate check for households making under $75,000 per year regardless of how many children you have. You spend it any way you want to however when it is gone, it is gone, so we suggest you spend it wisley. Also, last but not least, implement the fair tax. Taxes are paid at the cash register for goods and services. No more income tax, tax returns, fighting with the IRS, and state income tax commissions. No bail outs for big business or the banks. Sorry GM but if you have to go, I will be happy to drive a Ford or a foreign made product. Also, if the banks do not have the money to lend me for a mortgage then I will just continue to rent a place to live or work a little harder or a little smarter to get the money to purchase a house with no credit. The bottom line is this; the American people have been sold a Lemon by Barrack Obama manufactured by the Democrats in congress, and have paid over a Trillion $. Question: When this lemon blows a piston rod out of the engine block and drops the drive train on the highway, guess who will get stuck with the bill? Answer: The American tax payer!

I have been taught over the last 15-17 years from ...

2009-02-13T06:35:00.000-05:00

I have been taught over the last 15-17 years from my parents that you work your ass off, save and you can buy a home........after you get your degree or equivalent or trade or a great job etc. I am disturbed that people think the "poor me" syndrome allows them to heave the responsibility for their purchases (including homes) to me and other U.S. taxpayers. It's sickening. No one paid for my college education, let alone my home when does it end? Unable to pay for your home mortgage? I am so sorry but do not think a bailout is the answer.

Thanks Curt. It was a bit of a tongue-in-cheek pos...

2008-12-09T14:46:00.000-05:00

Thanks Curt. It was a bit of a tongue-in-cheek post, in that I was highly exaggerating some points. Consumers want a bailout but we have to remember if it wasn't for our demand and acceptance to take on loans we could not afford, we wouldn't be in this mess. Companies are to blame too, but they serviced a demand. We, the consumer, created it.

Monevator. True.

Jeff. I should have put it (disclaimer) up top I think. Per my above commment to Curt, I agree the consumers are complaining of bailout's but they need to look at their own actions first - which is what I tried to highlight (in a comical sense) in this post. Investing for an above risk free rate of retrun (CD's) of any sort is not a risk free game. Lots of people forgot that during the boom times.

oops...missed the disclaimer about sarcasm...disre...

2008-12-09T14:39:00.000-05:00

oops...missed the disclaimer about sarcasm...disregard my previous post. *gets down off his high horse* :)

I don't really agree with you wanting a "refund" o...

2008-12-09T14:34:00.000-05:00

I don't really agree with you wanting a "refund" on your "201k". There is absolutely no guarantee that 401k accounts will not lose value. You agreed to take a risk by putting your money into one of these accounts, hoping for a larger return than you could achieve with a CD or savings account. This recent downturn is the downside of risk. If you want 7 or 8 percent return annually on average, you are going to just have to deal with losing 30 or 40 percent some years. If you don't want to take this chance, invest in a CD instead.

Inflation isn't all bad if you're a homeowner Curt...

2008-12-08T13:31:00.000-05:00

Inflation isn't all bad if you're a homeowner Curt. It will also erode the value of the posters' mortgage debt in real terms.

I enjoyed reading your wish list... but I'm afraid...

2008-12-05T17:39:00.000-05:00

I enjoyed reading your wish list... but I'm afraid it's all gone and its not coming back anytime soon.

And the government is gearing up to kick you when you are down. The little money that you have left is about to get taxes and inflated our of your hands.