Comments on: The US Economy: One Woman’s Perspective http://fabulousfinancials.com/2008/09/the-us-economy-one-womans-perspective.html The journey of a fabulous single mom pursuing financial independence Fri, 09 Jan 2009 13:24:58 +0000 http://wordpress.org/?v=2.6 By: Desiree' http://fabulousfinancials.com/2008/09/the-us-economy-one-womans-perspective.html#comment-29626 Desiree' Tue, 30 Sep 2008 23:28:51 +0000 http://fabulousfinancials.com/?p=1417#comment-29626 I also have more questions regarding the current state of our economy than answer to "fix" the problem! I'm in Michigan and I just don't see the jobs Michigandars relied on returning. The automotive industry. I see it being like states where the steel mills moved and entire communities suffered. We need jobs! Not just employment, we need middle class, working family jobs. And then and only then will America function as it once was. You cannot have an economy if people are not working! I also have more questions regarding the current state of our economy than answer to “fix” the problem! I’m in Michigan and I just don’t see the jobs Michigandars relied on returning. The automotive industry. I see it being like states where the steel mills moved and entire communities suffered. We need jobs! Not just employment, we need middle class, working family jobs. And then and only then will America function as it once was. You cannot have an economy if people are not working!

]]> By: Rufina http://fabulousfinancials.com/2008/09/the-us-economy-one-womans-perspective.html#comment-29614 Rufina Tue, 30 Sep 2008 20:41:11 +0000 http://fabulousfinancials.com/?p=1417#comment-29614 Bailout and handout is the same - walks like, talks like, looks like-it is then so now we are giving welfare to executives who will jump with golden parachutes the moment they get a chance if Feds want to give handout to big fat cats, then they should castrate the ability of those fat cats to bite huge chunks of money for their salaries and annual bonuses. Cap the salaries at $300-500K and anything after that should be only profit sharing or dividends or somehow tied to performance of the company and its financial health Dammit, how did this country come to this? I swear, we are worried about terrorists from Middle East, and they are right here, in America, downtown Manhattan, at the cigar bar on Broad street, puffing and pondering their next move. There is no Korean nuclear bomb, or Iran or Russians dropping stuff on us, or Bin-Laden from all the way from Afghanistan-real terrorists are right here, they are greedy CEOs/CFOs and elected politicians Bailout and handout is the same - walks like, talks like, looks like-it is then
so now we are giving welfare to executives who will jump with golden parachutes the moment they get a chance
if Feds want to give handout to big fat cats, then they should castrate the ability of those fat cats to bite huge chunks of money for their salaries and annual bonuses. Cap the salaries at $300-500K and anything after that should be only profit sharing or dividends or somehow tied to performance of the company and its financial health
Dammit, how did this country come to this? I swear, we are worried about terrorists from Middle East, and they are right here, in America, downtown Manhattan, at the cigar bar on Broad street, puffing and pondering their next move. There is no Korean nuclear bomb, or Iran or Russians dropping stuff on us, or Bin-Laden from all the way from Afghanistan-real terrorists are right here, they are greedy CEOs/CFOs and elected politicians

]]> By: Sistah Ant http://fabulousfinancials.com/2008/09/the-us-economy-one-womans-perspective.html#comment-29609 Sistah Ant Tue, 30 Sep 2008 19:55:06 +0000 http://fabulousfinancials.com/?p=1417#comment-29609 I agree with your perspective. I'm not making any drastic moves myself. But I'm keeping an eye on things. My major hope is that if a drastic move is required, I'm not so lethargic that I miss the cue and wind up losing money. I agree with your perspective. I’m not making any drastic moves myself. But I’m keeping an eye on things. My major hope is that if a drastic move is required, I’m not so lethargic that I miss the cue and wind up losing money.

]]> By: Moneymonk http://fabulousfinancials.com/2008/09/the-us-economy-one-womans-perspective.html#comment-29601 Moneymonk Tue, 30 Sep 2008 18:05:08 +0000 http://fabulousfinancials.com/?p=1417#comment-29601 I'm not changing a thing. Slow and steady wins the race I’m not changing a thing. Slow and steady wins the race

]]> By: caryn http://fabulousfinancials.com/2008/09/the-us-economy-one-womans-perspective.html#comment-29598 caryn Tue, 30 Sep 2008 17:29:51 +0000 http://fabulousfinancials.com/?p=1417#comment-29598 i'm so glad to know i'm not the only person that is wondering when the US became a socialist nation(w/out the socialist benefits of paid medical leave and universal healthcare). i'm not relishing the idea of living through a recession/depression/economic bust, esp. since i behaved myself and didn't buy a home i couldn't afford or rack up a bunch of debt, but hey, it's part of the capitalist system. what i'm not willing to do is let my tax dollars go to bailing out companies that should have known better and have been given too many govt handouts already. how about you spend my tax dollars on the aforementioned universal healthcare, or education, or some other social need that should be addressed? And I don't appreciate the gov't trying to scare me silly with threats of depression and job loss and dismal economic forecasts. This economic "crisis" only makes it more clear to me how much my vote counts this November. You can guarantee I will be at the polls making my voice heard. i’m so glad to know i’m not the only person that is wondering when the US became a socialist nation(w/out the socialist benefits of paid medical leave and universal healthcare). i’m not relishing the idea of living through a recession/depression/economic bust, esp. since i behaved myself and didn’t buy a home i couldn’t afford or rack up a bunch of debt, but hey, it’s part of the capitalist system. what i’m not willing to do is let my tax dollars go to bailing out companies that should have known better and have been given too many govt handouts already. how about you spend my tax dollars on the aforementioned universal healthcare, or education, or some other social need that should be addressed? And I don’t appreciate the gov’t trying to scare me silly with threats of depression and job loss and dismal economic forecasts. This economic “crisis” only makes it more clear to me how much my vote counts this November. You can guarantee I will be at the polls making my voice heard.

]]> By: Erica Douglass http://fabulousfinancials.com/2008/09/the-us-economy-one-womans-perspective.html#comment-29592 Erica Douglass Tue, 30 Sep 2008 15:28:43 +0000 http://fabulousfinancials.com/?p=1417#comment-29592 Hi Single Ma, Thank you for this post. So many people are just running around scared. You bring a level head to the discussion. I believe that we can <a href="http://www.erica.biz/2008/what-can-you-do-to-help-solve-the-credit-crisis/" rel="nofollow">solve the credit crisis ourselves</a>, but realistically, that is not going to avoid a recession either. It just obviates the need for a $700 billion bailout. A bailout only vindicates those who gorged on debt. We have to reframe how we think about money, and particularly debt, as a society. This will take time, but eventually, a new attitude toward money will help us build a more stable society that relies less on bubbles. I applaud what you're doing in this area to educate others about saving and frugality through your own stories. -Erica Hi Single Ma,

Thank you for this post. So many people are just running around scared. You bring a level head to the discussion.

I believe that we can solve the credit crisis ourselves, but realistically, that is not going to avoid a recession either. It just obviates the need for a $700 billion bailout.

A bailout only vindicates those who gorged on debt. We have to reframe how we think about money, and particularly debt, as a society. This will take time, but eventually, a new attitude toward money will help us build a more stable society that relies less on bubbles.

I applaud what you’re doing in this area to educate others about saving and frugality through your own stories.

-Erica

]]> By: Single Ma http://fabulousfinancials.com/2008/09/the-us-economy-one-womans-perspective.html#comment-29586 Single Ma Tue, 30 Sep 2008 14:59:15 +0000 http://fabulousfinancials.com/?p=1417#comment-29586 Sorry, I didn't realize comments were disabled. We're up and running now. Sorry, I didn’t realize comments were disabled. We’re up and running now.

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