RE: "Subprime bust forces families from homes"

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RE: "Subprime bust forces families from homes" - 3/27/2007 7:30:14 PM

UtopianRanger

Posts: 3251
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quote:

Ummm...yeah, I agree with all of that.

I honestly thought you were getting at the stock market in your initial post. But hell.....since you mentioned Silverado and Neil......didn't ole' Neil go into the security business after he floundered in that of banking? Or am I confusing Neil with that other shyster, Marvin? Either way....one of them had something to do with the trade centers security program, right? I can't keep track of them

- R

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"If you are going to win any battle, you have to do one thing. You have to make the mind run the body. Never let the body tell the mind what to do... the body is never tired if the mind is not tired."

-General George S. Patton

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RE: "Subprime bust forces families from homes" - 3/28/2007 8:36:43 PM

Lordandmaster

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Joined: 6/22/2004
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Neil has done a lot of shit even after Silverado, but I'm not aware of a security business. Anyway, his Wikipedia biography is actually pretty even-handed:

http://en.wikipedia.org/wiki/Neil_Bush

(A lot of politicos' Wikipedia biographies are all bullshit.)

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RE: "Subprime bust forces families from homes" - 3/28/2007 9:51:29 PM

UtopianRanger

Posts: 3251
Status: offline

quote:

(A lot of politicos' Wikipedia biographies are all bullshit.)

You can say that again.....I only use Wikipedia to find out about politicians if I'm super lazy and/or in a hurry. One them had something to do with the trade centers though.

- R

_____________________________

"If you are going to win any battle, you have to do one thing. You have to make the mind run the body. Never let the body tell the mind what to do... the body is never tired if the mind is not tired."

-General George S. Patton

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RE: "Subprime bust forces families from homes" - 3/29/2007 8:40:11 AM

Sinergy

Posts: 9383
Joined: 4/26/2004
Status: offline

quote:

ORIGINAL: popeye1250

How are people supposed to be able to afford houses if good-paying jobs are out-sourced?
Or if people have to get jobs that pay less than their old ones?

About 10 years ago, when the dot.bomb (outsourcing of high paying computer jobs) happened, and after a bunch of layoffs / downsizing of high paying union jobs in the auto industry, auto manufacturers complained that people in the United States were not buying cars they way they had previously. The auto manufacturers were demanding a government study into why this was the case.

Start:
Companies lay off people.
People lose faith in the economy.
People stop buying expensive things on credit.
Companies lose money and are forced to lay off more people.
Goto Start.

Fascinates me that companies have trouble figuring these things out.

It is like auto manufacturers complaining about having too many SUVs.

Start:
Clinton and Bush Sr. keep oil prices low.
People buy SUVs in record numbers
Auto manufacturers build SUVs in record numbers.
New Orleans gets blown away
Monkeyboy goes to play in the sand
Gas prices quadruple.
People stop buying and/or selling their SUVs.
Auto manufacturers sit there wondering why they have too many unsold SUVs on their lot.
Goto start.

Open head, insert clue.

Sinergy

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RE: "Subprime bust forces families from homes" - 3/29/2007 9:13:31 AM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
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quote:

ORIGINAL: Sinergy

quote:

ORIGINAL: popeye1250

How are people supposed to be able to afford houses if good-paying jobs are out-sourced?
Or if people have to get jobs that pay less than their old ones?

About 10 years ago, when the dot.bomb (outsourcing of high paying computer jobs) happened, and after a bunch of layoffs / downsizing of high paying union jobs in the auto industry, auto manufacturers complained that people in the United States were not buying cars they way they had previously. The auto manufacturers were demanding a government study into why this was the case.

Start:
Companies lay off people.
People lose faith in the economy.
People stop buying expensive things on credit.
Companies lose money and are forced to lay off more people.
Goto Start.

Fascinates me that companies have trouble figuring these things out.

It is like auto manufacturers complaining about having too many SUVs.

Start:
Clinton and Bush Sr. keep oil prices low.
People buy SUVs in record numbers
Auto manufacturers build SUVs in record numbers.
New Orleans gets blown away
Monkeyboy goes to play in the sand
Gas prices quadruple.
People stop buying and/or selling their SUVs.
Auto manufacturers sit there wondering why they have too many unsold SUVs on their lot.
Goto start.

Open head, insert clue.

Sinergy

Sinergy, I agree.
When these big companies outsource good paying jobs or move manufacturing jobs that pay well overseas they are cannibalising their own markets!
Those activities reduce the number of people who can afford to buy their products.
People who make $30 per hour can afford houses, cars, furniture, appliances etc and that's good for the whole economy.
People who make $10 an hour can't really buy much of anything outside of basic subsistance and that's not good for the economy.
This country is headed in the wrong direction.

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Post #: 25