Quote:
Originally Posted by byndbad914
We are in a war that we can never finish, Standard & Poor and Moody were allowed to rate essentially junk debt at A grade and yet there are no repercussions to them (some people should be going to jail for rating debt that was mostly sub-prime notes at 100%+ value borrowed at A-grades, there were hands in pockets there), then you have the gov't spending even more of our tax dollars bailing out a potential $29 BILLION dollars of that debt when I busted my butt, moved to another state because homes were too expensive in CA, and so forth to buy a home on a 30yr fixed, conforming loan because I knew how completely stupid people were to use ARMs, etc and instead of letting the banks take a big suck on those notes... there goes my hard earned tax dollars to fix those loans. Tax dollars that essentially support my industry, so watch me lose my home cuz I lose my job while the gov't uses money they should use on tech to bail out banks that hung themselves and of all people should KNOW better.
While getting my MBA at UCLA, around 2002 or early 2003 a gal from Countrywide came into my fixed income class - the only thing they were hiring was RISK ANALYSIS because they were trying to figure out how much risk was really assoc with those BS loans. Yet sold them right up until BK last year... you gonna tell me that there isn't something criminal to that??? They KNEW by 02, and really knew all along (how could you not!) that debt was very risky and were trying to game how much they were going to win v. lose with risk analysis. That gambling is fine in the markets, but why the gov't starts bailing out banks for gambling... WTF is with that!?
My 10yr plan of looking outside of the US has become a 5 yr plan, and if my job goes away, maybe a 1 yr plan. Fires me up cuz I know vets all the way back to WWII and one that ended up in a concentration camp fighting for this country and we are giving it all away to the illegals (actually the white m%$# f#@$#@s that employ them) and the stupid. When exactly did capitalism become socialism, in fact communism anyway??? I have no desire to work at my potential so everyone that doesn't can have a piece. If that is how it will be, then I will go elsewhere; somewhere I can reap the benefits of the socialism I pay into.
wow, that was a soapbox if I ever saw one 
Long story short, the economy IS hurting the hobby. I paid $4 for diesel here in CO the other day and it is more elsewhere, so that alone cuts into how much I spend on other stuff. I have been eating at home more too (fiancee works in restaurants and they are slowing down too BTW). I didn't race a couple weeks ago just out of concern for spending $500 on a one day deal ($150 just fuel in the truck as it is a tank down and back). |
A twisted soapbox yes
But everyone has their own view, and I am glad to hear it.
I am an Economist so don't get me started.
By the way, the soapbox of Hillary and O'bama seem to end in happy times with everyone holding hands and singing 'cum ba ya'. They have the answer to make everything rosy again, so don't worry the election is only months away. Everything will be fixed and allll better.
Don't mind the bigger government, more taxes. We're from the 'government' and we're here to help you, since you can't help yourself (like we (O'Bama and Hillary on everone else in that circle) went to Harvard, did you?)))
Mick