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Re: A country of money idiots?
Old 03-08-2007, 05:09 PM   #21
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Re: A country of money idiots?

With all these idiots wandering around, I'm disappointed that I'm not richer!!!!!
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Re: A country of money idiots?
Old 03-08-2007, 10:20 PM   #22
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Re: A country of money idiots?

Quote:
Originally Posted by Cut-Throat
You mean these same people selected our current president? - How could that be?
Actually its the people who voted for Kerry. Some of the smartest dumb people I know.

Just had to add some balance.

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Re: A country of money idiots?
Old 03-08-2007, 11:11 PM   #23
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Re: A country of money idiots?

Quote:
Originally Posted by genghis
With all these idiots wandering around, I'm disappointed that I'm not richer!!!!!
That's because the idiots have driven up the price of everything with their borrowed money.
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Re: A country of money idiots?
Old 03-08-2007, 11:25 PM   #24
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Re: A country of money idiots?

It seems to me that rather than try to "get tough" on people who go bankrupt, we would be better off if we "got tough" on stupid lenders. Make the laws punish credit card companies and lenders when they loaned money to people who were clearly fiscal idiots. Let idiot consumers off the hook from rediculous debt and watch how fast lenders get smart. Once lenders begin to act rationally, borrowers will be forced to get smart or be broke.
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Re: A country of money idiots?
Old 03-08-2007, 11:27 PM   #25
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Re: A country of money idiots?

Quote:
Originally Posted by sgeeeee
It seems to me that rather than try to "get tough" on people who go bankrupt, we would be better off if we "got tough" on stupid lenders. Make the laws punish credit card companies and lenders when they loaned money to people who were clearly fiscal idiots. Let idiot consumers off the hook from rediculous debt and watch how fast lenders get smart. Once lenders begin to act rationally, borrowers will be forced to get smart or be broke.
You don't need the govt to pass any laws for this to happen. The free market is taking care of it right now.

-h
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Re: A country of money idiots?
Old 03-08-2007, 11:34 PM   #26
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Re: A country of money idiots?

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Originally Posted by lswswein
You don't need the govt to pass any laws for this to happen. The free market is taking care of it right now.

-h
Are you kidding? The lenders have bought tons of laws to protect them at tax payer's expense. The free market is often not really that free. Those with financial clout have significant impact on legislators, laws and regulations. Those without, have much less.
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Re: A country of money idiots?
Old 03-08-2007, 11:37 PM   #27
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Re: A country of money idiots?

I was mostly talking about subprime mortgage lending companies which are getting into serious bankruptcy trouble as we speak. I do agree the credit card companies have it really good right now - lots of favorable legislation

-h
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Re: A country of money idiots?
Old 03-08-2007, 11:40 PM   #28
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Re: A country of money idiots?

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Originally Posted by lswswein
I was mostly talking about subprime mortgage lending companies which are getting into serious bankruptcy trouble as we speak. I do agree the credit card companies have it really good right now - lots of favorable legislation

-h
Ahhh. . . Yes. I think you may be right about subprime lendors. I hope so, too.

Somehow I fear that these crooks will also come out ahead, though. Let's hope I'm wrong.
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Re: A country of money idiots?
Old 03-08-2007, 11:50 PM   #29
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Re: A country of money idiots?

Btw there is one way to take advantage of all the free credit floating around. I get a 0% for a year Balance transfer credit cards and transfer large amounts aorund 10k to them. I have been doing this for the last couple of years. I net about 400bucks per year after taxes doing this. Not a lot but something to gain with all the free credit and excess liquidity sloshing around.

-h
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Re: A country of money idiots?
Old 03-08-2007, 11:59 PM   #30
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Re: A country of money idiots?

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Originally Posted by lswswein
. . . I net about 400bucks per year after taxes doing this. . .

-h
Good for you. I wish I wasn't too lazy and/or disorganized to do the same.
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Re: A country of money idiots?
Old 03-09-2007, 12:06 AM   #31
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Re: A country of money idiots?

I would glady pay you the same to mentor me, now that I realize your EE background...

-h
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Re: A country of money idiots?
Old 03-09-2007, 09:03 AM   #32
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Re: A country of money idiots?

Quote:
Originally Posted by Cut-Throat
You mean these same people selected our current president? - How could that be?
And our Congress . . .and they think raising the minimum wage will help the poor, and that health care should be "free" . . . the mind swims at the enormity of the problem.
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Re: A country of money idiots?
Old 03-09-2007, 09:31 AM   #33
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Re: A country of money idiots?

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Originally Posted by samclem
And our Congress . . .and they think raising the minimum wage will help the poor, and that health care should be "free" . . . the mind swims at the enormity of the problem.
And that is the crux of the biscuit, IMO. Too many people think that if the govt provides something it is 'free'.

They can't get it through their thick skulls that the govt had to collect the money from us in order to 'give' it to us, and a portion of it is wasted in the process. So, unless there is some inherent efficiency or need for the govt to provide that service, it will always cost us more (collectively) to get it for 'free' from the govt.

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Re: A country of money idiots?
Old 03-09-2007, 09:55 AM   #34
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Re: A country of money idiots?

Seems funny that the Prez catches all the flak (doesn't matter which party) and the Congress gets the "free ride"..............

Limit the terms a Congressman can serve, so you don't have 80 year old guys shaping the future of America........... :P :P :P
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Re: A country of money idiots?
Old 03-09-2007, 10:22 AM   #35
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Re: A country of money idiots?

Quote:
Originally Posted by samclem
And our Congress . . .and they think raising the minimum wage will help the poor, and that health care should be "free" . . . the mind swims at the enormity of the problem.
yeah, those stupid Canadians, with free health care, a higher minimum wage, and a pension plan in the black.

Oh yeah, forgot, they neglect spending billions of dollars on important things like invading and occupying other countries and tax cuts for the rich....

you're right....forgot the enormity of the problem for a sec there...
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Re: A country of money idiots?
Old 03-09-2007, 10:44 AM   #36
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Re: A country of money idiots?

I've noticed that I haven't gotten a 0% offer lately that didn't have a balance transfer fee. I've got about 10K on a 0% card (no balance transfer fee), but I haven't gotten a totally free offer to replace it yet (it ends in Nov.).

I may have to pay off my card if they're actually going to charge me something.


Quote:
Originally Posted by lswswein
Btw there is one way to take advantage of all the free credit floating around. I get a 0% for a year Balance transfer credit cards and transfer large amounts aorund 10k to them. I have been doing this for the last couple of years. I net about 400bucks per year after taxes doing this. Not a lot but something to gain with all the free credit and excess liquidity sloshing around.

-h
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Re: A country of money idiots?
Old 03-09-2007, 10:48 AM   #37
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Re: A country of money idiots?

Quote:
Originally Posted by bosco
yeah, those stupid Canadians, with free health care, a higher minimum wage, and a pension plan in the black.

Oh yeah, forgot, they neglect spending billions of dollars on important things like invading and occupying other countries and tax cuts for the rich....

you're right....forgot the enormity of the problem for a sec there...
Problem is that the Canadian health care system is not highly rated... I read an opinion piece that said some of the other places that have 'univeral health care' are better... IE, still various outlets to get medicine, still the ability for the 'rich' to buy a better policy, but everybody is covered someway... they said Arnolds plan for Cali is 'better'...
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Re: A country of money idiots?
Old 03-09-2007, 12:29 PM   #38
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Re: A country of money idiots?

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Originally Posted by bosco
Oh yeah, forgot, they neglect spending billions of dollars on important things like invading and occupying other countries and tax cuts for the rich....
Ha, you are forgetting Defence Scheme No. 1 which called for Canadian hordes to sweep down on the US and seize Seattle, Great Falls, Minneapolis and Albany. See more here http://en.wikipedia.org/wiki/Defence_Scheme_No._1

While it is "officially" no longer being considered, who knows what is in their secret files.
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Re: A country of money idiots?
Old 03-09-2007, 12:30 PM   #39
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Re: A country of money idiots?

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Ha, you are forgetting Defence Scheme No. 1 which called for Canadian hordes to sweep down on the US and seize Seattle, Great Falls, Minneapolis and Albany. See more here http://en.wikipedia.org/wiki/Defence_Scheme_No._1

While it is "officially" no longer being considered, who knows what is in their secret files.
Will we be safe from the godless Canadian hordes in Phoenix?
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Re: A country of money idiots?
Old 03-09-2007, 01:27 PM   #40
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Re: A country of money idiots?

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Originally Posted by sgeeeee
Will we be safe from the godless Canadian hordes in Phoenix?
No, those snowbirds from Manitoba are really the fifth column.
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