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Fix the economy?

a window salesman was telling me that commercial is doing ok but well off people that want homes are not getting the loans.

As usual you don't know what you are talking about. My wife is in a managment position in our largest local (multi state) community bank.
There are loans for those who qualify. The requirments for qualification have tightened, but to say well off people who want to buy a home are not getting loans is incorrect. Go back to sleep.
 
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I don’t have a lot of sympathy for this college loan issue. I graduated from college in 1973 with a little over $9000. in college loans. My first job (high tech... big company) I made $5700. per year. I lived in a single wide trailer with a wife and one daughter and one on the way. It took YEARS to pay it off, but that was the deal I signed up for. I didn’t like the bill that never seemed to go away, but I agreed to take the money and I paid it back!

The car I drove was worn out and cost me $100.00. Today kids complain on sites like this on their $400.00 IPhone and daddy and mommy pays the monthly bill!

I guess my generation didn’t think it was going to be handed to them or that it was going to be easy.

If you think I'm talking about myself in any way, shape, or form you are sadly mistaken. I am talking about this issue from an economical standpoint and how it affects the economy. I am not complaining, just telling it how it is(in my opinion).

Since your talking about your personal story I suppose I will tell you mine. Yes, I am in college and I wont say I had to do it all on my own because my parents work hard and I appreciate all the help they give to me, however they do not foot the entire bill. I pay my part through multiple scholarships and cash as well from my summer job. However, I am hoping to get into the pharmacy program this year and if I do that means graduate level classes and graduate level $$. I will take out loans and I will be paying them back too. Getting through school is one of the hardest things I have ever done and its just getting started.

You say your generation didn't expect it to be easy, yet your generation is getting the most welfare money in the history of the USA.

I think you mistook my economic pessimism for the economy for not liking the rich cuz I never said anything is wrong with being rich. In fact I aspire to make enough money to get a business off the ground and to make a fantastic living for myself and my future family.
 
a window salesman was telling me that commercial is doing ok but well off people that want homes are not getting the loans.

I only do residential replacement and the "types" of people that get turned down for financing seems to be the same as it has been for several years.
 
Next thing we will be hearing Oregonsledder say is that he walked to work up hill both ways in the snow with bare feet to get to work as well. I just love these types of topics. They always turn out to be just as funny as topics like global climate change and just as ridicules in the end. It is always the same stuff. people pick sides and argue who's right and who needs to go back to school.

The idea that everyone can be rich in this country and the poor are just too lazy to work hard to get to the top is just laughable.
If there is a rich person in this country it means that there is someone that is poor. that is just the facts. That is the basis for this countries monetary system. If everyone had a million dollars, a milion dollars would be worhtless.

I just hope that the people in the front of the boat that are laughing and pointing fingers at the people getting wet in the back of the boat realize before its too late, if the back of the boat goes down the front will soon follow. That is just plain physics OH Yea! that is up for debate too :face-icon-small-ton Carry on!!!<O:p</O:p
 
All throw one in

Everything will be better when Obama gets the go ahead to cut the first half trillion from the military. Then it will be super great if he gets elected again and cuts the next half trillion form the military.

Yes folks that is a toltal of almost ONE TRILLION, TRILLION DOLLARS from our military.

So come on and tell me the economy and the country is doing fine.
 
If you think I'm talking about myself in any way, shape, or form you are sadly mistaken. I am talking about this issue from an economical standpoint and how it affects the economy. I am not complaining, just telling it how it is(in my opinion).

Since your talking about your personal story I suppose I will tell you mine. Yes, I am in college and I wont say I had to do it all on my own because my parents work hard and I appreciate all the help they give to me, however they do not foot the entire bill. I pay my part through multiple scholarships and cash as well from my summer job. However, I am hoping to get into the pharmacy program this year and if I do that means graduate level classes and graduate level $$. I will take out loans and I will be paying them back too. Getting through school is one of the hardest things I have ever done and its just getting started.

You say your generation didn't expect it to be easy, yet your generation is getting the most welfare money in the history of the USA.

I think you mistook my economic pessimism for the economy for not liking the rich cuz I never said anything is wrong with being rich. In fact I aspire to make enough money to get a business off the ground and to make a fantastic living for myself and my future family.

I hope the best for you. Keep working hard and it's there for you.
 
We as Americans are lazy. We do not know what it means to be "hungry" any more.

Other countries are beating us in many areas. Education is one of them.

FDR helped lead this country through the great depression with many programs. But none of these programs would have ever worked, if the people did not want to go back to work. They took pride in what they did, they wanted to EARN their daily wage. In today’s society, many think they are "entitled" to a pay check, and they are "entitled" to have this or that.

Long ago, my dad told me to be successful, it takes hard work. I have to work harder and be better at it then anybody else. That nobody was going to do it for me. That if i wanted it, i had to work my @ss off and earn it. I watched this work for him, and it is something that is working well for me also.

Bottom line, to fix the economy. We are going to have to work harder then everybody else. ALL will have to go back to work. No more "entitlement". Basically, if you want it, get off the couch, put the cheeto's down and go earn it.


BS


PS. Sledding is a expensive hobby, i would think the majority belonging to snowest are those that are hard working and responsible Americans & Canadians.
 
We as Americans are lazy. We do not know what it means to be "hungry" any more.

Other countries are beating us in many areas. Education is one of them.

FDR helped lead this country through the great depression with many programs. But none of these programs would have ever worked, if the people did not want to go back to work. They took pride in what they did, they wanted to EARN their daily wage. In today’s society, many think they are "entitled" to a pay check, and they are "entitled" to have this or that.

Long ago, my dad told me to be successful, it takes hard work. I have to work harder and be better at it then anybody else. That nobody was going to do it for me. That if i wanted it, i had to work my @ss off and earn it. I watched this work for him, and it is something that is working well for me also.

Bottom line, to fix the economy. We are going to have to work harder then everybody else. ALL will have to go back to work. No more "entitlement". Basically, if you want it, get off the couch, put the cheeto's down and go earn it.


BS


PS. Sledding is a expensive hobby, i would think the majority belonging to snowest are those that are hard working and responsible Americans & Canadians.

you are so right,
now the program is welfare. Our goverment has some what made people this way, the goverment wants you to depend on them so you will keep them in office. Point and case, the president telling the collage people that the goverment will pay back there loans. A election ploy, but none the less, it is this kind of thing that has helped put this country into its current position.
 
old days--Henry Ford paid his employees more than he had to so they could buy Ford cars.and it worked.

today--my friend made his biggest ever commission check last month selling chinese made crap for houses.
 
Easy credit has perpetuated our economic decline and our government promoted this with concepts like mortgages at 125% loan value to people that couldn't afford them.

Prices become inflated when money is easily accessed.

My dad never bought anything he couldn't pay cash for and we were at the lowest level of middle class you could be. When he bought our first home in 1957 he paid $10,000.00 cash. That first fall we found out the furnace needed replacement and he thought the world had come to an end because he had to borrow the money for it. It was $1300.00 and he was making $100.00 a week.

When I was 19 my employer's son told me "If you never borrow more than 1/3 of what you are worth, you will never get into trouble" Now that is ultra conservative, but I've always remembered it. However I havn't always lived up to it.

Anyhow, "You can't, borrrow your way out of debt" ( I said that)
 
Easy credit has perpetuated our economic decline and our government promoted this with concepts like mortgages at 125% loan value to people that couldn't afford them.

Prices become inflated when money is easily accessed.

My dad never bought anything he couldn't pay cash for and we were at the lowest level of middle class you could be. When he bought our first home in 1957 he paid $10,000.00 cash. That first fall we found out the furnace needed replacement and he thought the world had come to an end because he had to borrow the money for it. It was $1300.00 and he was making $100.00 a week.

When I was 19 my employer's son told me "If you never borrow more than 1/3 of what you are worth, you will never get into trouble" Now that is ultra conservative, but I've always remembered it. However I havn't always lived up to it.

Anyhow, "You can't, borrrow your way out of debt" ( I said that)

So true... so true! A word of warning. There is a dude in this thread that doesn't buy personal examples. It would seem from his remarks, that he can’t accept that there have been people who didn’t have it given to them or worked hard. Any personal example of that, should be discounted and made fun of. His problem. Your dad sounds a lot like my dad and granddad.
Every generation can learn from previous generations, if they open their ears.
 
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