Digital Paint Discussion Board
Digital Paint Community => Other Stuff => Topic started by: capo on February 25, 2009, 05:33:51 PM
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Well, I just watched the Oprah Winfrey show. It was basically about the economy and how people went from... Middle-Class to Homeless.
It just made me think more, and how its the worst it's ever been.
Didn't know there was tent cities. Meaning, people that had nice homes and jobs, are now sleeping in tents surrounded by other tents. There are thousands of these. Best advice would be to save as much as you can.
Is this having an effect on anyone else's life? Or a family members life?
Over 80,000 jobs have been lost. I know there's a government site somewhere, where you can request to have things done to your state... or something. Ohio is supposedly getting billions of dollars from a Stimulus Boost.
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Well glad you brought up stimulus because obama offered Louisiana 700 MILLION dollars to help with Katrina damages. That meddling retard (Bobby Jindal - Louisiana State Governor) rejected it. We could have so many more houses built, supplies, and stuff that we need in Louisiana with that money but Bobby Jindal had to reject it. And yes it is effecting my grandmother and grandfather in Nevada. They are on the verge of losing their house and their jobs (well job only my grandfather works).
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From http://news.yahoo.com/s/politico/20090220/pl_politico/19092
Louisiana Gov. Bobby Jindal announced Friday that he will decline stimulus money specifically targeted at expanding state unemployment insurance coverage, becoming the first state executive to officially refuse any part of the federal government’s payout to states.
In a statement, Jindal, who is slated to give the Republican response to President Barack Obama’s message to Congress on Tuesday, expressed concern that expanding unemployment insurance coverage would lead to increased unemployment insurance taxes later on.
“The federal money in this bill will run out in less than three years for this benefit and our businesses would then be stuck paying the bill,” Jindal said. “We must be careful and thoughtful as we examine all the strings attached to the funding in this package. We cannot grow government in an unsustainable way.”
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Who gives a excrement about what he said that he rejected a lot of money that could be used to re-build houses in louisiana if you take a trip down here in like New Orleans, The Ninth Ward, and other wards that were badly affected by Katrina you will know what i'm talking about. Where i live in the small town of Abita Springs we did get affected, but not as much. The only bad thing we had was a small tree come through the kitchen but that was repaired. Anyways, that money can be used to IMPROVE levee systems and many more things, barriers for example. In Katrina our barriers sucked so bad i think they said something like in 20 minutes into the storm in N.O. half of them were pretty much down. It was a bad decision rejecting it. Who cares if we would later on have to pay it? Atleast people down here wouldn't be on the side of the highway holding up a sign saying 'Please i'll do anything for food' or 'Please take me home' or 'Donate money' and most of the people that i see in the morning when i drive to LSU (university i go to) i see atleast 3-4 families FAMILIES on the side of the road. Ridiculous.
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Bobby Jindal's getting a lot of hate just 'cause he was on-camera. There are plenty more offenders here.
But this is how things always are, right? The party in power is trying to push what they want forward, while the guys out of power do everything they can to slow it down or stop it so that they can get their way. It's a silly system, and the people running it often seem childish at best. :(
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Eiii either way he should've accepted the stimulus but didn't cause of all this crap i'm sick and tired of seeing these people on the streets but all this lazy state can do is NOTHING but sit back and watch these people die on the streets.
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You're simplifying it, lots is being done. Lots more could be done, of course-- but the republicans are under the impression that they're thinking more long-term by blocking this bill until another, more suitable (to them) bill is drafted. The democrats wrote the darn thing, so of course they're pushing to get it passed-- and they can accuse the republicans of slowing the whole process down, as well. And maybe they are, but it's impossible to tell if passing the bill is a mistake until some time after it's passed. For the time being though, it's win-win for the democrats. Either way it's the republican's fault.
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Eiii,
The republicans would have liked to taken the time to see all of the package but the dems didn't have to wait, nor are the republicans slowing them down.
I am just disappointed that this stimulus package includes everything dems have wanted to do for a long time. Too much pork, not enough help.
I feel for you guys. YOU are the ones that will be paying back all of the monies spent on this.
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The republicans would have liked to taken the time to see all of the package but the dems didn't have to wait, nor are the republicans slowing them down.
I am unable to parse this sentence. :( Might I have a restatement, in clearer terms?
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Try Perl. :)
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In reality, the stimulus package was so large, page wise, that there could be no way for anyone to read the entire contents to make sure that it really will be good and well thought out. And since the dems have the majority plus a few RINO's (republicans in name only) were for it, the dems didn't need any help from the republicans vote wise or even participating in building the stimulus plan. As when the bill went for final review, it was a team of dems that did it and they had no gop participation.
I'm just disappointed. I believe that there is too much special interest (ie.. resodding the National Mall lawn) in it than stimulus help.
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I am unable to parse this sentence. :( Might I have a restatement, in clearer terms?
Bill = 1k+ pages, debated and passed in roughly 7 days.
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Is anyone here in trouble with the economy disaster?
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I'm rich, biatch.
Heh, seriously though, this 'economic downturn' doesn't affect ~90% of us. Prices tend to be cheaper, from food to gas; for those of us who got home loans we could afford, foreclosure isn't knocking at the door. And most workers with marketable skills won't be out of a job, except those in dying industries like American automobile manufacturing, etc.
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y00tz XD Even though you are rich you never know what will happen something might just pop up and you could go as capo said from Middle Class to homeless or in your case upper class to homeless...
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Heh, seriously though, this 'economic downturn' doesn't affect ~90% of us.
Probably not, but there is a larger percentage it is effecting. There are THOUSANDS of tent cities. People that Had 10 bedroom houses and such, have lost it... And now are living in their work offices.
It's going to take a few years to come up from this. Heh.
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Yea it will be a couple of years i'm predicting atleast 3-4 years because of this war and all this crap going on. But if anyone ever has a chance and has the amount of money to come down here to Louisiana give me a call and i will show you all the homeless people around here.
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Well, I just watched the Oprah Winfrey show. It was basically about the economy and how people went from... Middle-Class to Homeless.
It just made me think more, and how its the worst it's ever been.
Didn't know there was tent cities. Meaning, people that had nice homes and jobs, are now sleeping in tents surrounded by other tents. There are thousands of these. Best advice would be to save as much as you can.
Is this having an effect on anyone else's life? Or a family members life?
Over 80,000 jobs have been lost. I know there's a government site somewhere, where you can request to have things done to your state... or something. Ohio is supposedly getting billions of dollars from a Stimulus Boost.
btw, i didnt read any of the other posts made here. Just wanted to make fun of the first poster.
learning your economics from oprah is a relatively american activity. Now i know why you, americans, would want to point to australia when asked, where is france? You guys are meddling idiot :D :D :D.
And that, oh ma gad 80,000 lost jobs, oh ma gad, tent cities. Who the intercourse cares? Bah, tired of writing this excrement.
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...People that Had 10 bedroom houses and such, have lost it... And now are living in their work offices.
...
Do you know why?
This is caused by people living beyond their means. If you get an ARM for a house you couldnt afford with a conventional loan, then tuff.
Owning a house is not a right, its a privilege, and the fact that judges are now going to renegotiate forclosed on homes mortgages so that these people that are living beyond their means can keep their homes really bites.
I worked hard for what I have. I am not over extended. I've owned 3 homes in my lifetime and have no problem making my monthly payment.
AND!
I have homeowners insurance so that if another hurricane crosses over the top of my house ( ie.. like Ike did) I will be taken care of.
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And that, oh ma gad 80,000 lost jobs, oh ma gad, tent cities. Who the intercourse cares? Bah, tired of writing this excrement.
blaa, you're a meddling idiot.
Is it wrong to post about such things that effect most people? You clearly shouldn't post in my topics. Almost every topic I've made, you were negative.
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THANK YOU CAPO Someone agrees with me
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Heh I on a 5:1 ARM right now. It's about to move onto the 1 section of it.
We only did it to save $100 pre month five years ago. We could afford our mortgage, just wanted to try it out.
We'll have no problem coming out of the ARM.
What we are having trouble with is selling our house in Upstate New York and our house in Fayetteville, Georgia.
As soon as we sell these two houses we will put our primary residence on the market and move about 40 miles west to a much better school district. We'll buy our new home on, what we estimate to be, around $50k mortgage after the down payment.
Our issue is that we need to hold out on our other two houses because the market is down. But holding out will mean we won't get the best deal on our buy when the market turns. Catch 22 there.
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80000 people is not most.
s8n is right. Too many people lived over their head.
By that i dont mean that all those 80000 are to blame. Probably most of them had too dumb bosses.
Almost every topic I've made, you were negative.
url or shut it
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Do you know why?
This is caused by people living beyond their means. If you get an ARM for a house you couldnt afford with a conventional loan, then tuff.
Owning a house is not a right, its a privilege, and the fact that judges are now going to renegotiate forclosed on homes mortgages so that these people that are living beyond their means can keep their homes really bites.
It's not so much the peoples' fault as it is the banks who gave the loans out in the first place. True, the people should not have taken loans out that they cannot afford in the first place, but who gave them the loans without doing prior background checks? The subprime mortgage crisis can be blamed on banks that did not have proper regulations and checks in place to make sure these loans were not given out to unqualified individuals in the first place.
But of course, every time the dems go and try to put proper regulation in place, those good ol' republicans yell and shout and say let the banks do what they do best. Yeah, let's let those banks do what they want... I mean, look where we are now eh?
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The banks were dictated to by the govt back in teh CLinton days to do the sub prime mortgage lending. Also, mandating that the banks take loan applications on stated income vs. proved income. The banks didnt have any problem with this as if the paper went bad, they could sell it oof to freddie and fannie, which they did.
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The banks didnt have any problem with this as if the paper went bad, they could sell it oof to freddie and fannie, which they did.
So the banks sold their problems to freddie mae and fannie mac, as the small banks couldn't afford to not get paid. All fine and dandy until mae and mac realized they weren't getting money and now look where they are. Struggling?
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Agreed.
2004 there was a review as to the performance of fannie and freddie. It was reported that all was well even though there were signs of trouble.
Now the former chiefs of those 2 institutions are part of the new administrations cabinet.
I just consider myself fortunate that I live within my means and in an area that for the most part is not being affected by the economic downturn near as bad as the rest of the nation.