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Topic: so its been 24 hours
longhairbiker's photo
Wed 02/18/09 05:50 AM
Since president obama signed "The Stimulus Bill". My question; do you feel stimulated?

no photo
Wed 02/18/09 06:01 AM
noway laugh laugh laugh laugh laugh laugh laugh laugh laugh laugh

no photo
Wed 02/18/09 06:04 AM
i fell like I am in debt

irad8you's photo
Wed 02/18/09 06:27 AM
I sure do my bran muffin just hit me lol

longhairbiker's photo
Wed 02/18/09 06:44 AM
I looked in my wallet and checking account. Nope. Both still empty. Retirement account- down 60%. I'm working half my schedule. I'm feeling something, but its not stimulated.

Fanta46's photo
Wed 02/18/09 07:43 AM

I looked in my wallet and checking account. Nope. Both still empty. Retirement account- down 60%. I'm working half my schedule. I'm feeling something, but its not stimulated.


Give us a break.slaphead

You're feeling Bushed.
Bush-whacked!!

Fanta46's photo
Wed 02/18/09 07:44 AM
Edited by Fanta46 on Wed 02/18/09 07:45 AM
Obama's stimulous plan promises to save or create 3.5 million jobs.

I have been facing the possibility of a layoff for 2 months. Many have already fell to this disappointing tragedy but I have survived both layoffs.
Almost as soon as the news was announced that a compromise was reached and the bill would soon be signed into law my company came and told me my job was safe at least until May.
It seems that suddenly Banks released loans to pay for existing orders and more are expected.

Is my job the first one saved?

http://mingle2.com/topic/show/204938

Fanta46's photo
Wed 02/18/09 07:47 AM
10,000 American Jobs.

http://mingle2.com/topic/show/204941

InvictusV's photo
Wed 02/18/09 09:16 AM
You make me laugh. Last week Geitner speaks and the market drops 400 points. Yesterday Obama signs his spending bill and it drops 300 points.

Blaming Bush is only going to go so far.


no photo
Wed 02/18/09 09:23 AM
I've said it before, until the bank situation is addressed, capital will continue to flee from businesses via Wall Street.

BYE BYE CAPITAL = BYE BYE JOBS

nogames39's photo
Wed 02/18/09 09:55 AM
Since Obama's plan is going to result in higher interest rates, watch the housing prices being decimated over next few years.

This is getting to be real fun. I rent, it is fun for me.
If you have a house, I am sure you know what you're doing and you'll be just fine.

Happy Renting! It is only getting cheaper!

dantaylor28's photo
Wed 02/18/09 07:24 PM

You make me laugh. Last week Geitner speaks and the market drops 400 points. Yesterday Obama signs his spending bill and it drops 300 points.

Blaming Bush is only going to go so far.



the stock market was droppong long before obama took office . with this new bill it might actualy recover

Dan99's photo
Wed 02/18/09 07:30 PM
Have interest rates not fallen real low in the states?

They have here in the UK, and thats the biggest stimlus there will be.(obviously this only helps mortgage holders, but still, there are lots of us.

AndrewAV's photo
Wed 02/18/09 07:39 PM

Have interest rates not fallen real low in the states?

They have here in the UK, and thats the biggest stimlus there will be.(obviously this only helps mortgage holders, but still, there are lots of us.


The fed played that card long ago. Normally you raise rates to sustain an economy but they left them low to keep growing and artificially blow up the market. Now we crash down to where we would be but since the high was so high, it seems worse and became so once everyone freaked out.

Right now, any lower would be giving free loans.

Dan99's photo
Wed 02/18/09 07:45 PM


Have interest rates not fallen real low in the states?

They have here in the UK, and thats the biggest stimlus there will be.(obviously this only helps mortgage holders, but still, there are lots of us.


The fed played that card long ago. Normally you raise rates to sustain an economy but they left them low to keep growing and artificially blow up the market. Now we crash down to where we would be but since the high was so high, it seems worse and became so once everyone freaked out.

Right now, any lower would be giving free loans.


Its just reached that point in the UK, the base rate has gone down to 1 percent. The lowest since the Bank of England began in the 1600's. Its made a huge difference to a lot of people. Personally im hundreds of pounds a month better off. Much better than any stimulus package anyone could come up with!


Winx's photo
Wed 02/18/09 08:56 PM



Have interest rates not fallen real low in the states?

They have here in the UK, and thats the biggest stimlus there will be.(obviously this only helps mortgage holders, but still, there are lots of us.


The fed played that card long ago. Normally you raise rates to sustain an economy but they left them low to keep growing and artificially blow up the market. Now we crash down to where we would be but since the high was so high, it seems worse and became so once everyone freaked out.

Right now, any lower would be giving free loans.


Its just reached that point in the UK, the base rate has gone down to 1 percent. The lowest since the Bank of England began in the 1600's. Its made a huge difference to a lot of people. Personally im hundreds of pounds a month better off. Much better than any stimulus package anyone could come up with!




1%?!surprised

Fanta46's photo
Wed 02/18/09 09:16 PM
If one was to take all the chicken littles here seriously they'd think we were all starving to death.
Obama hasnt even been President for a month yet and everything is already his fault.
Some were blaming him before he took office. LMAO

Darn Republicans!
They still dont get it, and now the Ron Paul followers are crying Armageddon is here.

nogames39's photo
Wed 02/18/09 09:35 PM

Have interest rates not fallen real low in the states?

They have here in the UK, and thats the biggest stimlus there will be.(obviously this only helps mortgage holders, but still, there are lots of us.


Every coin has two faces. If it gets easier for someone, that means someone else is paying for it.

Yep, almost zero now. Meaning that we bag those who saved (retired, for instance), and give them almost zero in interest, after they have stopped working and can't do anything about it. We are fleecing them now, to solve our own problems.

Interest rates will be up, because of stimulus, in the future. Will be too late to help seniors (capital destruction), but it will do real wonders to bring housing prices down.

Winx's photo
Wed 02/18/09 09:39 PM


Have interest rates not fallen real low in the states?

They have here in the UK, and thats the biggest stimlus there will be.(obviously this only helps mortgage holders, but still, there are lots of us.


Every coin has two faces. If it gets easier for someone, that means someone else is paying for it.

Yep, almost zero now. Meaning that we bag those who saved (retired, for instance), and give them almost zero in interest, after they have stopped working and can't do anything about it. We are fleecing them now, to solve our own problems.

Interest rates will be up, because of stimulus, in the future. Will be too late to help seniors (capital destruction), but it will do real wonders to bring housing prices down.


Housing prices are already down. People that need to sell are selling lower then the amount that they owe.

nogames39's photo
Wed 02/18/09 09:52 PM

Housing prices are already down. People that need to sell are selling lower then the amount that they owe.


Not down enough. I estimate you'd be able to buy for $50000, what was $500000 on the top of the market, ten times that is.

These actual numbers may not happen. If inflation sets in, it will add say, ten zeros, so that $50000 will become $500000 back again. However, this will only change the nominal. Because an asset that was $500000 two years ago, will multiply ten times as well, and become 5 mil. Thus, homes will still get ten times cheaper than other things you could have put your money into back when you bought a house.

Be ready to come up with cash and buy rental properties. Personally, I can't wait.

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