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posted by: surrogate (reply) post date: 03.01.09 (6:53 pm) It's a lousy thing, no question, but when you have a pump that needs priming, it really doesn't matter where the water to prime the pump comes from. Even if you have to borrow it, you'd better cuz you can't get the pump working without it. And remember this, it's something I haven't heard anyone talk about much. We've lost 14 TRILLION dollars in home values in the last year alone. Seems like another trillion or two to try to turn it around is small potatoes in the greater scheme of things. posted by: ruined (reply) post date: 03.01.09 (7:37 pm) Reply to: surrogate My humble home has fallen from approx $110,000 to less than $75,000 (ouch!). It's a sad thing to owe more on something than what it is worth. The big concern I have on this is the fact that, in the "glory days" (that neither of us are old enough to remember, really), the U.S. Dollar was based on something real - gold and silver. Over the decades, more and more money is created out of thin air to cover the enormous debt that we have accumulated to run the country. Our Dollar is rapidly becoming a worthless piece of paper. This near-trillion dollar "loan" (bailout is an overused term that isn't quite accurate, from what I understand) is being pumped into the pockets of the greedy facilities that got us into this problem to begin with. Worthless paper being pumped into institutions that have had their day. That makes me nervous to say the least! All I can say, though, is, "I hope it works." posted by: surrogate (reply) post date: 03.01.09 (7:58 pm) We're all in the same boat. Mine's gone from being worth over 200 to less than 160 and I'm sure it's still dropping. You're right to be concerned about the dropping value of the dollar, but it's the least of our worries. It was arbitrary even when we were on the gold standard. I mean, why was gold worth something? Because we decided it was. Maybe we need to go on the loaf-of-bread standard. One nice thing they're doing is discontinuing the tax credits associated with businesses moving jobs overseas. That's never made any sense whatsoever to me. posted by: ruined (reply) post date: 03.02.09 (5:15 am) Reply to: surrogate I think we should move back to the barter system. I'll give you one of my kids for that new top-of-the-line computer system! Nah... a monetary system is a good system, but history has yet to find a system that is stable. Perhaps gold and silver WILL become the new monetary system. Since the world agrees that they are valuable, I wonder if hoarding gold and silver bars might be the safe bet. I'm not sure what the fix is, but when I see entire states beginning to fail because they no longer have the money in their budgets to fulfill tax refunds, or even payroll, it stirs up a touch of dread. But YES... discontinuing tax credits to job shippers is a good step. If anything, shouldn't we be offering tax credits to those who keep jobs on American soil? Just a thought... heh heh heh |
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