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Across the Fence:  The Bailout Bill  |
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Past Blessings
True Blue Farmgirl
1083 Posts
Brenda
Orchard Prairie
WA
USA
1083 Posts |
 Posted - Sep 30 2008 : 8:27:50 PM
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I still want Miss Wilma to run for president . . . are you still promising me a place on your cabinet?!!
Hugs & blessings,
Brenda
Past Blessings . . . Celebrating Life as it used to be . . . when people loved God, loved their families and loved their country. |
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queenofdreamsz4u
True Blue Farmgirl
3845 Posts
Stephanie Suzanne
Smoky Mountains Tennessee
USA
3845 Posts |
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palmettogirl
True Blue Farmgirl
571 Posts
sue
camden
south carolina
USA
571 Posts |
Posted - Oct 01 2008 : 06:43:14 AM
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| what i find interesting are all the "threats" that are going to happen to the "main street" population if the bill doesn't get passed. well, nothing happened last friday (when they initially said everything would crash) ...on monday, the market went down, BUT, went back up tuesday (all those gamblers on wall street couldn't help themselves from buying low and running it back up so they could sell higher/make more invisible money$$!!) this is such a joke, yesterday on the news, bankers from kansas were calling in saying that they have money to lend...?? and one guy said that 40% of his bank was in mortgages and he has no forclosures to report. this is strictly the big shots on wall street who want to be bailed out with our money. oh, and the best excuse/reason they can come up with to get the american people to tell their congressmen to approve this is "you won't be able to get a car loan?" people who are good, decent and responsible will still be able to get $$, and the people who are not financially stable enough, or have a past history of bad credit risk will have trouble getting $, but those are the people who probably shouldn't get it anyway cause they'll most likely lose it again. common sense! |
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Miss Bee Haven
True Blue Farmgirl
4331 Posts
Janice
Louisville/Irvington
Kentucky
USA
4331 Posts |
Posted - Oct 01 2008 : 06:53:01 AM
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What has saddened me the most this week is what has happened to my friends and coworkers here. We are forced to contribute to a 'retirement' fund (TIAA). I was told I'd be fired when they first began this thing 20 or so years ago if I didn't 'join'. I said then and I've said over and over down through the years that I don't need a 'daddy' to manage my money and that I feel I should have dominion over my own finances, sink or swim. As it has turned out, I was right. My co secretary was going to retire next June, but her retirement account lost so many thousands of dollars in one day last week, that her retirement is seriously in doubt.
Farmgirl Sister #50
"If you think you've got it nailed down, then what's all that around it?"
'Br.Dave Gardner' |
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miss wilma
True Blue Farmgirl
3410 Posts
Wilma
Knob Lick
Ky
USA
3410 Posts |
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Miss Bee Haven
True Blue Farmgirl
4331 Posts
Janice
Louisville/Irvington
Kentucky
USA
4331 Posts |
Posted - Oct 01 2008 : 07:00:30 AM
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Amen, Miss Wilma! If I had been able to keep the money they've made me contribute to their bogus fund, I'd be finished with the farmhouse and ready to move in!!!! I've always had more faith in putting my money in land than in some stupid paper fund!
Farmgirl Sister #50
"If you think you've got it nailed down, then what's all that around it?"
'Br.Dave Gardner' |
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miss wilma
True Blue Farmgirl
3410 Posts
Wilma
Knob Lick
Ky
USA
3410 Posts |
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K-Falls Farmgirl
Chapter Leader
2096 Posts
Cheryl
Klamath Falls
Oregon
USA
2096 Posts |
Posted - Oct 01 2008 : 07:48:03 AM
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Thanks Stephanie.. Appreciate the info,
Cheryl #309
Farm girl sister
Keep life simple, to Simply live. Life is too short to worry about it. |
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laluna
True Blue Farmgirl
295 Posts
New York
USA
295 Posts |
Posted - Oct 01 2008 : 5:24:36 PM
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While we're posting links, here's another to my one of my favorite radio shows with a very smart woman who makes a lot of sense, an she's had plenty to say about the bail-out fiasco: http://www.therandirhodesshow.com/
"I believe in God, only I spell it Nature." -- Frank Lloyd Wright |
Edited by - laluna on Oct 01 2008 6:30:30 PM |
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Past Blessings
True Blue Farmgirl
1083 Posts
Brenda
Orchard Prairie
WA
USA
1083 Posts |
Posted - Oct 02 2008 : 10:32:31 AM
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Grumble, grumble . . . they are now trying to pass a second version of the Bailout . . . still a 700 billion dollar debt mind you . . . they think they can re-word it and somehow make the debt seem like a good thing. Can't wait to tell my children, "Look at all the debt your country just handed you and your future children . . . but never mind that . . . see how prettily it is packaged?!"
Hugs & blessings,
Brenda
Past Blessings . . . Celebrating Life as it used to be . . . when people loved God, loved their families and loved their country. |
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therusticcottage
True Blue Farmgirl
4439 Posts
Kay
Vancouver
WA
USA
4439 Posts |
Posted - Oct 02 2008 : 1:05:46 PM
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I don't like this situation either. However, it is something that has to be done. This goes far beyond bailing out Wall St. The money is needed to free up the credit of banks. Right now there is very little to no credit - no loans for houses, cars, student loans, etc. Unfortunately we are country that is credit driven. What happens to the car dealership if no one can get loans for cars?? It closes and people are without jobs. What happens when your son or daughter wants to go to college and needs to get a student loan? They can't go because there is no money to loan. If this bill is not passed we will see a financial situation much worse than what we're seeing now. It is a no win situation either way - either the bill passes and the taxpayers are in debt or the bill doesn't pass and we go into a worse financial situation than we are in now. Just my opinion and now I'll get off my soapbox!
Handmade Soap and More! - http://therusticcottage.etsy.com
The Rustic Cottage Blog http://therusticcottage.blogspot.com
PROUD FARMGIRL SISTER #100 |
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Past Blessings
True Blue Farmgirl
1083 Posts
Brenda
Orchard Prairie
WA
USA
1083 Posts |
Posted - Oct 02 2008 : 8:37:38 PM
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Yes, we are very unfortunate that we are a credit driven society. That needs to change. But what you are advocating is taking a loan so that we can create more loans. It will truly just add to the decline of our nation financially. I understand that many people will have some tough times ahead, with home foreclosures, job losses, etc. and there is no easy answer here. But why should we jeopardize the future of our children and grandchildren because of overspending of our generation? I think we need to tighten our belts, learn what is need and not simply want, and hold everyone . . . Wall Street or not, accountable and force honesty. I guess I still hold true the old bible verse: An evil man borrows and does not repay his debtors. How do you suppose we would ever repay our country . . . namely our future generations. It simply is not right for us to borrow from tomorrow's Americans. Just my opinion and soapbox too! It is interesting to hear all the different ideas and thoughts. Regardless, being a frugal farmgirl is something I think we all should be proud of!
Hugs & blessings,
Brenda
Past Blessings . . . Celebrating Life as it used to be . . . when people loved God, loved their families and loved their country. |
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Sheep Mom 2
True Blue Farmgirl
1534 Posts
Sheri
Elk
WA
USA
1534 Posts |
Posted - Oct 03 2008 : 3:13:27 PM
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| They passed the bail out today. This is good and bad. Good that our economy and that of the rest of the world won't crash. Bad because of all the added pork on the bill plus the amount of debt it adds to our already sky rocketing debt. This is not a money problem. This is an integrity problem and it goes from the very top to the very bottom of our society. Until people realize that money solves nothing we will have more of the same. As I listen to the various discussions and analysis going on I came to the conclusion that everyone thinks if you throw money at something that's the only action needed. This even includes education. We've thrown a lot of money at it and still the schools don't seem to be able to get the job done. We have this upside down. It's people first, money second, stuff third. When we quit being a society that was based on agriculture and industry and moved to one based on service industries we gave all our power away. Now we are at the mercy of the world economy because we don't manufacture most of our most basic items. When I went to the grocery store last week and went to buy garlic, the garlic cloves were grown in China when I live in an area that grows mega garlic! How does that make sense? Our economy will never be truly secure until we are willing to pay more to have things that are grown or manufactured here. WalMart was based on "made in America" at one time and now that couldn't be further from the truth. We need to start being honest with ourselves. Sometimes I think our currency should read "Anything for a Buck" instead of "In God We Trust". We need to get back to basics - buying Made in America means job security and national security. Maybe we would have to pay more for our consumer goods but we would have the jobs to pay for it. It's time to start thinking outside the box for a change and get some new ideas rolling instead more of the same. Deregulation hasn't worked since it's inception in the 80's and trickle down definately doesn't work unless you are referring to tax burden. Just my opinion and I'm no economist and I don't claim to understand the finite details of economics. A lot of the products we enjoy today came out of making do on the farm - after all, necessity is the mother of invention. Let's see if we can apply that principal to this financial mess as well. |
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therusticcottage
True Blue Farmgirl
4439 Posts
Kay
Vancouver
WA
USA
4439 Posts |
Posted - Oct 03 2008 : 3:58:51 PM
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I was watching Fox Business Channel this afternoon and Mike Huckabee was on there talking about the bailout bill. He did not have many good things to say and doesn't believe that it will solve anything. The only thing he did say was that it will leave debt for our children and grandchildren. In that light - and it goes along with everything Brenda said - I not sure it's a good thing that it passed. Other news today was the unemployment rate. But at least the House passed an unemployment extension bill - let's hope the senate does too. My unemployment is about to run out and no job in sight!
Handmade Soap and More! - http://therusticcottage.etsy.com
The Rustic Cottage Blog http://therusticcottage.blogspot.com
PROUD FARMGIRL SISTER #100 |
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junkjunkie
True Blue Farmgirl
1306 Posts
Judy
Lawrenceville
NJ
USA
1306 Posts |
Posted - Oct 03 2008 : 4:03:29 PM
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I have mixed feelings about the passing of the bill. I guess something had to be done to get currency moving....but at what cost?? The pork palace will never go away, and I wonder if the hold outs of passing the bill were waiting for a sweeter deal for themselves? I know that sound cynical, but it's hard to trust anyone anymore. If this bailout is abused by the leeches of some of our politicians, and corporations and other special interest groups, I'm afraid that's that....there will be no second chances.
"To have life in focus, we must have death in our field of vision." Benedictine monk John Main |
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levisgrammy
True Blue Farmgirl
9384 Posts
Denise
Beavercreek
Ohio
USA
9384 Posts |
Posted - Oct 03 2008 : 5:34:13 PM
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quote:
Originally posted by Sheep Mom 2
Sometimes I think our currency should read "Anything for a Buck" instead of "In God We Trust".
Sheri,
It won't be long before I'm sure it won't read "In God We Trust"
Seems we don't have money to buy oil overseas and keep gas prices down but we have money to throw at the problems here.
Whatever happen to "Made In America"? Is there such a thing anymore? It's very dis-heartening when we have to depend on other countries. Maybe if more items were made here there would be enough jobs to go around. But we are always looking for the cheap way out.
Denise
farmgirl sister #43
"Take a lesson from the teakettle, though up to its
neck in hot water...it sings!"
www.torisgram.etsy.com |
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Past Blessings
True Blue Farmgirl
1083 Posts
Brenda
Orchard Prairie
WA
USA
1083 Posts |
Posted - Oct 03 2008 : 6:06:53 PM
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Sheri, I agree, the problem isn't money, it is integrity. And since that seems to be harder and harder to find these days, I doubt that this debt will ever be repayed by those who borrowed it . . . this generation. We will pass on this curse to our children and the generations to come. I am so frustrated, as I feel this will solve nothing . . . the debt is larger, but the reasons for the debt . . . dishonesty, dipping where they shouldn't, living beyond what is reasonable, etc. will still continue. It seems most the people I have talked with are against it, so it makes me feel like our senators and congressmen are really not listening to the thoughts of the American people. Okay, I need to get off my soapbox and go make dinner!
Hugs & blessings,
Brenda
Past Blessings . . . Celebrating Life as it used to be . . . when people loved God, loved their families and loved their country. |
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Across the Fence: The Bailout Bill |
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The Bailout Bill
