Article

2009-05-21 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Steve White 2009-05-21 00:00|| || Front Page|| [2 views ] Top

#1 Gosh what a shock...

/sarcasm.

Maybe someone will now stop encouraging consumption funded by debt?

Posted by Bright Pebbles the pedantic 2009-05-21 03:49|| 2009-05-21 03:49|| Front Page Top

#2 A guy I know from work who has become a bit of an NPR lefty over the past two or three yearswas loudly proclaiming how 'things had turned around', went out and bought a new car he really can't afford with two kids in college, and started investing in risky stokcs again a couple of months ago. Obama had 'saved the economy'.

I tried to tell him that the rally was a 'sucker's rally', that the worst was yet to come, but to believe that would have destroyed the na-a-a-a-a-arative...

Posted by no mo uro 2009-05-21 06:09|| 2009-05-21 06:09|| Front Page Top

#3 I don't know no mo - perhaps we are the suckers.

How long do you think it'll be before Obama 'forgives' your workmate's debt on his shiny new car he can't afford? (All on our grandchildren's dime of course...)

Posted by CrazyFool 2009-05-21 08:30|| 2009-05-21 08:30|| Front Page Top

#4 The stock market will "boom" on all that printed money.

Posted by Bright Pebbles 2009-05-21 08:54|| 2009-05-21 08:54|| Front Page Top

#5 I'm thinking about buying a toyota tacoma and parking it in the barn. It will be priceless in 10 years.

Posted by bman 2009-05-21 09:32|| 2009-05-21 09:32|| Front Page Top

#6 SITYS.

I hate being right on this one.

And if you ahve not applied for credit lately, you are in for a shock: they simply are not lending money, even to people with "decent" credit. If you have even one late payment on your record, you're not getting a loan these days. And the old "junk" lenders, they are not loaning at all - friend of mine got behind while unemployed, and now that he is working he wanted to get a loan to consolidate and pay off some unpaid medical bills. No go. Not even by the "sub prime" lenders.

The greedy jerks in Congress have killed our economy, with the blessing of the Idiot In Chief.

Posted by OldSpook 2009-05-21 10:27|| 2009-05-21 10:27|| Front Page Top

#7 Yeah, but just think where we'd be without that stimulus package!!!

Posted by Barack Obama 2009-05-21 14:10|| 2009-05-21 14:10|| Front Page Top

#8 OldSpook, I don't know what market you're looking for loans in, but they love my ass. I almost bought a house this month, but it failed inspection in a really ugly fashion, and I bailed before I got too deep into the money-pit. The mortgage part of things was the least of my troubles.

Nightmare-inducing foundation problems? Now *that* was a problem.

I'm just worried I won't get my status turned around from creditor to debtor before Bailout Ben & his helicopters of doom hyperinflate my savings into oblivion.

Posted by Mitch H.">Mitch H. 2009-05-21 17:04|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2009-05-21 17:04|| Front Page Top

23:36 OldSpook
23:32 texhooey
23:27 JosephMendiola
22:38 CrazyFool
22:19 Cornsilk Blondie
22:15 Cornsilk Blondie
21:57 DMFD
21:32 Frank G
21:29 Dino Spinens7431
21:28 GORT
21:19 Rambler in Virginia
21:18 Ptah
20:44 Glenmore
20:32 746
19:47 Tom- Pa
19:45 Frank G
19:30 Frank G
19:28 Frank G
19:25 JAB
19:06 Frank G
18:45 Anguper Hupomosing9418
18:42 Anguper Hupomosing9418
18:37 Barbara Skolaut
18:34 Barbara Skolaut