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post #1 of 53 (permalink) Old 12-31-2008, 02:18 PM Thread Starter
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Some Guy On Fox News...

i was at the bank earlier, and i overheard some guy on fox saying that not only will the economy not recover in '09, but he believes that the dow will hit 5,000 or lower in '09! they would have to line the downtown streets with trampolines and mattresses if that happened!
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post #2 of 53 (permalink) Old 12-31-2008, 03:35 PM
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i was at the bank earlier, and i overheard some guy on fox saying that not only will the economy not recover in '09, but he believes that the dow will hit 5,000 or lower in '09! they would have to line the downtown streets with trampolines and mattresses if that happened!
The way that the government has been proping up bad companies, I expect the economy to flounder for another year or two. Typically in a recession the bad company go bankrupt and the strong companies buy up assets at a discount. The strong companies invest and expand business. Now, we have zombie companies, ones that should are dead and should be buried, they are still competing in the market place against the strong companies. But when the government gives them money it allows them to continue their bad business models. This ends up distorting the market and preventing the strong companies from starting the beginning of the new business cycle.
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post #3 of 53 (permalink) Old 12-31-2008, 03:37 PM
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Just more damn negative bullshit . I don't care if the market drops like that or not . I will buy as much as I can afford to and wait it out .
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post #4 of 53 (permalink) Old 12-31-2008, 03:46 PM
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i was at the bank earlier, and i overheard some guy on fox saying that not only will the economy not recover in '09, but he believes that the dow will hit 5,000 or lower in '09! they would have to line the downtown streets with trampolines and mattresses if that happened!
Charlie Schiff??

If it was him I'd take his predictions fairly seriously. He's been right so far....
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post #5 of 53 (permalink) Old 12-31-2008, 03:56 PM
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Charlie Schiff??

If it was him I'd take his predictions fairly seriously. He's been right so far....
It's Peter Schiff

None are more hopelessly enslaved than those who falsely believe they are free --Johann Wolfgang von Goethe
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post #6 of 53 (permalink) Old 12-31-2008, 04:03 PM
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It's Peter Schiff
I'd like to see anything wrongly reported/concluded by Peter Schiff. He's been right for a long time, and it's scary how many talking heads disagree with him, are proven wrong again & again, and yet they still get the dominant airtime.

I'm expecting '09 to prove difficult.

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
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post #7 of 53 (permalink) Old 12-31-2008, 04:14 PM
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It's Peter Schiff
DOH!!! i got his name mixed up with an employee in our company charlie scharf.

name retention ownz me!
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post #8 of 53 (permalink) Old 12-31-2008, 04:37 PM
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Charlie Schiff??

If it was him I'd take his predictions fairly seriously. He's been right so far....
so has ALEX JONES!

RON PAUL '08
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post #9 of 53 (permalink) Old 12-31-2008, 04:40 PM
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so has ALEX JONES!
im not aware of him. link?
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post #10 of 53 (permalink) Old 12-31-2008, 04:47 PM
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One of the problems is that there seems to be a lack of investment in our country.

In the 80's there was a very strong "BUY AMERICAN" message and sentiment going on. I just don't really see that anymore.

Additionally, there seems to be too many people in the workplace that choose not to invest in 401k's. Maybe it's because they don't see themselves working at the company long enough to be vested, or maybe they just live paycheck to paycheck like all of these subprime borrowers and don't want to take the responsibility to invest.

Factor in all of the baby boomers who will be forced to pull their money out of their 401k investments at age 70 1/2 (this will be very soon for the baby boomer generation) and I think that it is going to be a long time before recovery is seen in our markets.

Lastly, it looks like our next Pres is going to fix this by spending more and taxing the working people who are paying most of the taxes now anyways.

Very sad next few years indeed.
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post #11 of 53 (permalink) Old 12-31-2008, 05:18 PM
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im not aware of him. link?
http://www.infowars.com/clips.html

http://www.prisonplanet.com

He's an outspoken voice regarding 911 being an inside job.

Just google his name, you'll have a wealth of information on him.

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
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post #12 of 53 (permalink) Old 12-31-2008, 08:35 PM
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post #13 of 53 (permalink) Old 12-31-2008, 08:54 PM
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I'd like to see anything wrongly reported/concluded by Peter Schiff. He's been right for a long time, and it's scary how many talking heads disagree with him, are proven wrong again & again, and yet they still get the dominant airtime.

I'm expecting '09 to prove difficult.


His latest interview


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post #14 of 53 (permalink) Old 12-31-2008, 09:19 PM
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I'm quickly deciding that the baby boomers are to blame for everything we are going through right now. They were spoiled by our grand parents that went through hell and wanted to provide a better life to these snot nose kids, who in turn have forgotten what it's like to struggle and fight for what is important. They have taught their kids this and as a country we are softer and weaker because of it.
The baby boomers life with a sense of entitlement and when the things they've created and systems they've created and bullshit they've created begins to choke, they feel entitled to getting a handout to keep them from hitting bottom.

We'll be dealing with their bullshit for decades. The hippies gained control and started really hammering social programs and at some point there will be no money to pay for this garbage. The baby boomers will be dead and gone and don't have to worry about it. So, as a society, we'll have to figure out a way to dig ourselves free from the depths of shit they've buried us in.

I almost welcome a catastrophe that would force people to rely on themselves to survive. It would wipe out a ton of stupid people, most of the liberals would perish as well. The strong would survive and put the pieces back together.

In a very short period of time this country has embraced an ideology that only 20 years ago would have been considered treason. Now our leaders are going to be running full speed ahead to a repeatedly failed model.

1/19/09, the last day of Free America.
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post #15 of 53 (permalink) Old 01-01-2009, 12:33 PM
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I'm quickly deciding that the baby boomers are to blame for everything we are going through right now. They were spoiled by our grand parents that went through hell and wanted to provide a better life to these snot nose kids, who in turn have forgotten what it's like to struggle and fight for what is important. They have taught their kids this and as a country we are softer and weaker because of it.
The baby boomers life with a sense of entitlement and when the things they've created and systems they've created and bullshit they've created begins to choke, they feel entitled to getting a handout to keep them from hitting bottom.

We'll be dealing with their bullshit for decades. The hippies gained control and started really hammering social programs and at some point there will be no money to pay for this garbage. The baby boomers will be dead and gone and don't have to worry about it. So, as a society, we'll have to figure out a way to dig ourselves free from the depths of shit they've buried us in.

I almost welcome a catastrophe that would force people to rely on themselves to survive. It would wipe out a ton of stupid people, most of the liberals would perish as well. The strong would survive and put the pieces back together.

In a very short period of time this country has embraced an ideology that only 20 years ago would have been considered treason. Now our leaders are going to be running full speed ahead to a repeatedly failed model.
Stupidest fucking post I've ever read on here. No shit. Have you shot your parents yet?
Wanna see the current problem with America? Look in the mirror genuis after spewing some shit like that.

How the fuck are you gonna "survive on your own" without sitting on your ass playing video games and "wigger music"?

Talk is cheap because supply exceeds demand!
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post #16 of 53 (permalink) Old 01-01-2009, 12:33 PM
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Stupidest fucking post I've ever read on here. No shit. Have you shot your parents yet?
Wanna see the current problem with America? Look in the mirror genuis after spewing some shit like that.

How the fuck are you gonna "survive on your own" without sitting on your ass playing video games and "wigger music"?

LOL. Never met Sean, have you?



I wouldn't be surprised to learn that he actually did kill his parents.


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post #17 of 53 (permalink) Old 01-01-2009, 01:18 PM
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LOL. Never met Sean, have you?



I wouldn't be surprised to learn that he actually did kill his parents.
They dodged better than I thought they would

1/19/09, the last day of Free America.
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post #18 of 53 (permalink) Old 01-01-2009, 01:24 PM
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Stupidest fucking post I've ever read on here. No shit. Have you shot your parents yet?
Wanna see the current problem with America? Look in the mirror genuis after spewing some shit like that.

How the fuck are you gonna "survive on your own" without sitting on your ass playing video games and "wigger music"?
Are you a baby boomer, sir?

I'm trying to keep myself and my family safe from the problems that were created by the baby boomers and perpetuated by their good for nothing kids.

I rarely play video games, and will stick to old country. For the better part of the decade I've built a company from the ground up with ZERO help from any bank and relied on the old mindset of 'if we can't afford it, we'll wait until we can'

I recently stepped down from my daily role but maintain my portion of ownership.

Which leaves you as either a spoiled little shit of the current generation or a spoiler of the baby boom generation. Point out where I may be wrong, go ahead, point it out. I'll be waiting.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #19 of 53 (permalink) Old 01-01-2009, 02:19 PM
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Stupidest fucking post I've ever read on here. No shit. Have you shot your parents yet?
Wanna see the current problem with America? Look in the mirror genuis after spewing some shit like that.

How the fuck are you gonna "survive on your own" without sitting on your ass playing video games and "wigger music"?
Believe it or not, there are a few of us who are smart enough ask the question "How will we eat if all the stores are all closed?"
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post #20 of 53 (permalink) Old 01-01-2009, 02:39 PM
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Believe it or not, there are a few of us who are smart enough ask the question "How will we eat if all the stores are all closed?"
Learn to hunt and raise cattle? =D I would actually probably use my land as a farm and get more cattle haha.

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post #21 of 53 (permalink) Old 01-01-2009, 03:09 PM
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Stupidest fucking post I've ever read on here. No shit. Have you shot your parents yet?
Wanna see the current problem with America? Look in the mirror genuis after spewing some shit like that.

How the fuck are you gonna "survive on your own" without sitting on your ass playing video games and "wigger music"?

Re-read your post in reference to your post and then think about what you just posted......

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post #22 of 53 (permalink) Old 01-01-2009, 03:12 PM
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Are you a baby boomer, sir?

I'm trying to keep myself and my family safe from the problems that were created by the baby boomers and perpetuated by their good for nothing kids.

Which leaves you as either a spoiled little shit of the current generation or a spoiler of the baby boom generation. Point out where I may be wrong, go ahead, point it out. I'll be waiting.
Yep.
First of all you're wrong thinking you and your family are in any more danger than me and mine, and somehow that makes it more important. You're not any more privileged than we are. You just seem to think you are.
You sound as if you'd be happier if we had extended the depression era until now. If not then why don't you break down how the current problems brought about by the development over several decades of our country are caused by the baby boomers. Like I said, you need to keep looking. Your notion that the old should just die and make life easier for "me" won't work if that's what you're getting at. Keeping welfare in check is the government's job. Not mine.

I've worked my ass off for 45 years paying my SS and taxes, and never have taken one fuckin dime of government support. And I'm in the honorable majority of what built this country. You?

.

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post #23 of 53 (permalink) Old 01-01-2009, 04:30 PM
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Yep.
First of all you're wrong thinking you and your family are in any more danger than me and mine, and somehow that makes it more important. You're not any more privileged than we are. You just seem to think you are.
You sound as if you'd be happier if we had extended the depression era until now. If not then why don't you break down how the current problems brought about by the development over several decades of our country are caused by the baby boomers. Like I said, you need to keep looking. Your notion that the old should just die and make life easier for "me" won't work if that's what you're getting at. Keeping welfare in check is the government's job. Not mine.

.
I figured you were an elder gentleman.

Tell me how my thought process puts me and my family in greater danger? I've just created a back up plan if society decides to check out.

Where do you get that I feel more privileged? I feel like the reckless regard by your generation has put my generation and the ones that follow further behind. With the gov't involvement and regulations it is a lot harder to make a success these days.

And you're giving yourself too much baby boomer credit. Your generation had NOTHING to do with ending the Great Depression. Check a time line.

The growth of this country and the development during the period of the baby boomers has been incredible, and as we are learning, all built on a house of cards that was financed with easy credit. There is also feel good legislation that while it makes someones day sticks a giant rubber dick in the ass of a great country.

I never said that the old should just die, so don't put words into my mouth Pops. My generation and those that follow will need giant shovels to dig out of the bullshit yours has thrown on us.

Welfare is not a job of the government, it should be a job of charity and the goodness of people. Know what will happen then? Less people wanting handouts when they have to look in the eyes of those that are blessing them, not to mention a renewed sense of self worth as people will get off their ass. Plus it is your generation that has created the all about me, need it right now, let's sue, entitled society.

Quote:
I've worked my ass off for 45 years paying my SS and taxes, and never have taken one fuckin dime of government support. And I'm in the honorable majority of what built this country. You?
Whooptie fucking do. In the past 6 years I have provided jobs for over 45 of our countrymen. In my 16 years of working, I don't know how many people I have hired and put to work. Without the employing minority like me, guys like you wouldn't have jobs. It is people like me and other business owners that have an idea and the stones to jump out on a limb with that idea. We then provide jobs, you can thank me later if you'd like.
And you've been working for 45 years to pay SS so you can take a bunch of fuckin dimes of government support when you retire.

I don't have that luxury, I'll never see a dime of it.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #24 of 53 (permalink) Old 01-01-2009, 10:14 PM
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I don't have that luxury, I'll never see a dime of it.
Oh please you're breaking my heart. If you'll excuse me, I need to get back to sitting on my worthless ass figuring out how to fuck over the younger generations.

Talk is cheap because supply exceeds demand!
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post #25 of 53 (permalink) Old 01-01-2009, 10:16 PM
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Oh please you're breaking my heart. If you'll excuse me, I need to get back to sitting on my worthless ass figuring out how to fuck over the younger generations.
I don't think you guys did it on purpose, after all, it was for the children

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #26 of 53 (permalink) Old 01-02-2009, 10:15 AM
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The other day I was looking at my last pay stub for the year and saw the $5,000+ they took out for social security and I was thinking of this thread.
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post #27 of 53 (permalink) Old 01-02-2009, 10:44 AM
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I don't think you guys did it on purpose, after all, it was for the children


If you actually think that every person in his age group created this problem, then something is wrong. Personally, I dont give a shit how many companies you own, employees you employ, or how much money you make, you are incorrect.

black01gt did not create the problem we are in right now, you thick headed retard.

lmao, the new smile wars,...

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post #28 of 53 (permalink) Old 01-02-2009, 10:51 AM
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im not aware of him. link?
http://www.prisonplanet.com/

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post #29 of 53 (permalink) Old 01-02-2009, 10:55 AM
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Meh. While I don't think that the stock market could take off at any moment I don't think devaluation is going to lead to a 5,000 point Dow either. When people start saying things like this you have to wonder where they get their ideas. There are many many stocks with revenue streams that don't support their current pricing. That only means one thing.

The biggest issue on the near term horizon is how many retailers are going to go bankrupt thanks to the shitty Christmas season. Personally I don't think it is going to be that bad, just a hunch but we will see.
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post #30 of 53 (permalink) Old 01-02-2009, 11:03 AM
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If you actually think that every person in his age group created this problem, then something is wrong. Personally, I dont give a shit how many companies you own, employees you employ, or how much money you make, you are incorrect.

black01gt did not create the problem we are in right now, you thick headed retard.

lmao, the new smile wars,...
Should I make it specifically addressed to the hippies, politicians and radicals turned socialists?

I know he didn't create it, dumbass. But the fact remains that shitty policies and a downward spiral into socialism happened at the hands of baby-boomer radicals.

I'm guessing you fall into the younger category?

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #31 of 53 (permalink) Old 01-02-2009, 11:48 AM
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Should I make it specifically addressed to the hippies, politicians and radicals turned socialists?

I know he didn't create it, dumbass. But the fact remains that shitty policies and a downward spiral into socialism happened at the hands of baby-boomer radicals.

I'm guessing you fall into the younger category?

No, you think they are all in one category, as long as they were born in the same era.

You sure did call him out, and not only on being a baby boomer, but personally. So dumbass, no.

Tell me one president whose every policy was perfect. Thats what I thought.

And I know that you are not guessing, you already knew I was. Nice try though.

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post #32 of 53 (permalink) Old 01-02-2009, 01:56 PM
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No, you think they are all in one category, as long as they were born in the same era.

You sure did call him out, and not only on being a baby boomer, but personally. So dumbass, no.

Tell me one president whose every policy was perfect. Thats what I thought.

And I know that you are not guessing, you already knew I was. Nice try though.
I called him out based on his response, dumbfuck, as he did the same.

I have disagreements with each President, but Reagan was damn good. And I don't remember saying anything about any Presidents specifically, so way to throw that one in

So relax son, you probably know more about video gaming than I do, I'll give you that.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #33 of 53 (permalink) Old 01-02-2009, 11:09 PM
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Meh. While I don't think that the stock market could take off at any moment I don't think devaluation is going to lead to a 5,000 point Dow either. When people start saying things like this you have to wonder where they get their ideas. There are many many stocks with revenue streams that don't support their current pricing. That only means one thing.

The biggest issue on the near term horizon is how many retailers are going to go bankrupt thanks to the shitty Christmas season. Personally I don't think it is going to be that bad, just a hunch but we will see.
I just don't have your positive outlook on this. While I'm not an economical genius, I just don't see it getting better. I was laughing at the 7000 estimate before, but now, 5000 seems like a believable plummit. The last pseudo-crash kinda woke me up. Shit... this day and age, anything is possible.
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post #34 of 53 (permalink) Old 01-02-2009, 11:44 PM
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Originally Posted by Sean88gt View Post
I'm quickly deciding that the baby boomers are to blame for everything we are going through right now. They were spoiled by our grand parents that went through hell and wanted to provide a better life to these snot nose kids, who in turn have forgotten what it's like to struggle and fight for what is important. They have taught their kids this and as a country we are softer and weaker because of it.
The baby boomers life with a sense of entitlement and when the things they've created and systems they've created and bullshit they've created begins to choke, they feel entitled to getting a handout to keep them from hitting bottom.

We'll be dealing with their bullshit for decades. The hippies gained control and started really hammering social programs and at some point there will be no money to pay for this garbage. The baby boomers will be dead and gone and don't have to worry about it. So, as a society, we'll have to figure out a way to dig ourselves free from the depths of shit they've buried us in.

I almost welcome a catastrophe that would force people to rely on themselves to survive. It would wipe out a ton of stupid people, most of the liberals would perish as well. The strong would survive and put the pieces back together.

In a very short period of time this country has embraced an ideology that only 20 years ago would have been considered treason. Now our leaders are going to be running full speed ahead to a repeatedly failed model.



hold on though, aren't you the dude that last week in a different thread in the back porch was talking about how you walked away from a bunch of debt. I may be wrong but, i thought some guy was saying that he had like 12 k of debt and you said something along the lines of thats nothing compared to how much i walked away from.


If that is true how can you blame everything on the baby boomers?

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post #35 of 53 (permalink) Old 01-02-2009, 11:51 PM
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Originally Posted by tenacious j View Post
hold on though, aren't you the dude that last week in a different thread in the back porch was talking about how you walked away from a bunch of debt. I may be wrong but, i thought some guy was saying that he had like 12 k of debt and you said something along the lines of thats nothing compared to how much i walked away from.


If that is true how can you blame everything on the baby boomers?
It does seem like the baby boomer generation contributed to our current situation. Easy credit, etc. Just sayin'
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post #36 of 53 (permalink) Old 01-02-2009, 11:57 PM
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It does seem like the baby boomer generation contributed to our current situation. Easy credit, etc. Just sayin'
yeah, thats a valid point. i was just trying to point out it seems kind of odd someone talking about how the baby boomers are responsible for our current situation when in fact they themselves ran up a bunch of debt, and then just walked away from it.

but, i don't know the guys story or anything. i may have the story wrong or he may in fact have a good reason for whatever happened.

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post #37 of 53 (permalink) Old 01-03-2009, 01:12 AM
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Originally Posted by Sean88gt View Post
Should I make it specifically addressed to the hippies, politicians and radicals turned socialists?

But the fact remains that shitty policies and a downward spiral into socialism happened at the hands of baby-boomer radicals.
Just what percentage of baby boomers do you think were "radicals and hippies"? Got names of these powerful "radicals and hippies" that could shape a nation under mostly "conservative republican" control?

If you refer to the 60s and 70s consider that "your" generation has had 40 years to fix things. I'm not sure which current clusterfuck you're referring to but I think you'd have more luck looking within the last 10 years or so for your culprits.

I'll give you a couple of hundreds of good examples of what is happening to our society and why.
A) Why is it that "con$ervative kingpin" Bush is pardoning drug distributor$, embezzler$, and people that have been given life sentence$, yet won't pardon two border agents arrested and imprisoned for doing their job of shooting a drug smuggler who resisted and ran only to come back and succe$$fully sue the US government. For the majority of me and my fellow baby boomers lives that shit would have been laughable as a bad joke. Nothing to laugh at now is there?
B) Why has our entire economy been allowed to become one giant Ponzi Scheme to ass rape the legal citizens of the United States of America. Taking away what many worked damned hard for whether we owned a company or worked for a company? I've done both. It shouldn't make a shit for anyone willing to carry their load. Another extremely bad joke that sadly is real.

You can rest assured that most of my generation worked hard to provide for ours, trusted our government to make that worthwhile, and protect us within our borders and banks. Ain't happening. So if you think you got screwed don't think you're the lone ranger. Wait til you've invested a whole life and get this caca in return.

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post #38 of 53 (permalink) Old 01-03-2009, 01:52 AM
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Are you a baby boomer, sir?

I'm trying to keep myself and my family safe from the problems that were created by the baby boomers and perpetuated by their good for nothing kids.

I rarely play video games, and will stick to old country. For the better part of the decade I've built a company from the ground up with ZERO help from any bank and relied on the old mindset of 'if we can't afford it, we'll wait until we can'

I recently stepped down from my daily role but maintain my portion of ownership.

Which leaves you as either a spoiled little shit of the current generation or a spoiler of the baby boom generation. Point out where I may be wrong, go ahead, point it out. I'll be waiting.
I think the problems came after the baby boomers. More specifically, people in the current workforce not being able to maintain their financial responsibilities. This isn't specifically pointing at you, and I can't say I would have done differently in your position, but walking on tons of debt like so many people are today is partially what started all of this.
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post #39 of 53 (permalink) Old 01-03-2009, 02:22 AM
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Just my .02 cents, but

trying to lay this on the baby boomers is assinine. Look at the market place. The advertisers constantly telling you that you deserve this (insert any product) now don't wait buy it on credit. The lenders offering to finance 110% of a home loan. (we all see how well that worked out) The constant barrage of buy my walk away from your debt secrets available. I can show you how to buy, sell and never even pay for products garbage. Corporate greed contributed a great deal to our current mess. Then add in the the cost of illegal immigration an unpopular and costly war. It is not hard to see how we got here, but it is going to take hard work instead of finger pointing to dig ourselves out.
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post #40 of 53 (permalink) Old 01-03-2009, 07:33 AM
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Originally Posted by tenacious j View Post
hold on though, aren't you the dude that last week in a different thread in the back porch was talking about how you walked away from a bunch of debt. I may be wrong but, i thought some guy was saying that he had like 12 k of debt and you said something along the lines of thats nothing compared to how much i walked away from.


If that is true how can you blame everything on the baby boomers?
Yes I said that/did that. But it was a long time ago (and there were a lot of contributing factors I won't get into). It taught me a lot, taught me some very hard, valuable lessons that I had to fight through and get to a point where I was self-reliant and couldn't rest on having easy credit. By learning from my mistakes (most people never learn from their successes and even fewer people learn from their failures) I grew tremendously in my financial knowledge, set for a savings agenda and forced myself back on my own two feet.

By going for years without credit and a destroyed credit rating but still having the desire for nice things I learned what I needed, wanted and could really afford. Meanwhile my assets increased, toys increased and savings increased.

1/19/09, the last day of Free America.
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post #41 of 53 (permalink) Old 01-03-2009, 07:35 AM
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Originally Posted by tenacious j View Post
yeah, thats a valid point. i was just trying to point out it seems kind of odd someone talking about how the baby boomers are responsible for our current situation when in fact they themselves ran up a bunch of debt, and then just walked away from it.

but, i don't know the guys story or anything. i may have the story wrong or he may in fact have a good reason for whatever happened.
You have the right guy, but like I said, there is a lot more to the story than just going out without any way to pay for it, charging the piss out of everything and walking out on it.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

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post #42 of 53 (permalink) Old 01-03-2009, 08:08 AM
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Just what percentage of baby boomers do you think were "radicals and hippies"? Got names of these powerful "radicals and hippies" that could shape a nation under mostly "conservative republican" control?
Do the Clintons ring a bell? Or any of their cohorts? They are the 60's radicals of which I speak. Don't think Hillary is out there? Look up her support of the UNCRC which would supercede the US constitution and parental rights to give kids the ability to set their own direction with the parents playing merely a financial role.

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If you refer to the 60s and 70s consider that "your" generation has had 40 years to fix things. I'm not sure which current clusterfuck you're referring to but I think you'd have more luck looking within the last 10 years or so for your culprits.
How many people under 40 are in major political power, or 45 for that matter? And Obama still falls into the category of 'Baby boomer' being born in 61 (baby boomers are classified as those born from 46-64) He seems pretty damn radical, along with a host of his cohorts.

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I'll give you a couple of hundreds of good examples of what is happening to our society and why.
A) Why is it that "con$ervative kingpin" Bush is pardoning drug distributor$, embezzler$, and people that have been given life sentence$, yet won't pardon two border agents arrested and imprisoned for doing their job of shooting a drug smuggler who resisted and ran only to come back and succe$$fully sue the US government. For the majority of me and my fellow baby boomers lives that shit would have been laughable as a bad joke. Nothing to laugh at now is there?
I can't argue with you regarding the case of Compean and Ramos, it is unexcusable that they were 1) put in prison and 2) not out yet. Bush has always been soft on the border and I've never agreed with him in that area. But Bush - a Baby Boomer There has absolutely been a regression in the individual moral standard of this country.
On a similar but different note, read this regarding the immigration act of 1965. Guys like Ted Kennedy seem to have a constantly evolving sense of what is right and what is wrong. Boy did he miss the boat on not upsetting the ethnic mix in the country!
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B) Why has our entire economy been allowed to become one giant Ponzi Scheme to ass rape the legal citizens of the United States of America. Taking away what many worked damned hard for whether we owned a company or worked for a company? I've done both. It shouldn't make a shit for anyone willing to carry their load. Another extremely bad joke that sadly is real.
Sadly, this is cross generational. Easy credit and overabundant credit. There is no reason that a new truck should cost over $50k or some little piece of shit Mazda car over $30k. As I stated earlier, our entire system appears to be built on a house of cards and Freddie Mac approved the loan. I'm disgusted by it, by the bailouts, the refusal to admit the problem, address the problem and fix the damn problem. Washington D.C. has become home to a popularity convention. Instead of doing what is right, they do what it takesto get reelected, leaving you and me holding a big bag of shit. I'm positive there are solutions to this mess but would be viewed by politicians as 'too hard' which is bullshit. A fast, hard crash would be better than a long drawn out crash. In both scenarios we are heading to the crash site, one would just allow us to build back up faster. Plus our politicians need to make a level playing field for US companies (if country A wants to charge us 30% on items we export and they return the favor on items we import, then it is the US that gets the shaft in the long run).
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You can rest assured that most of my generation worked hard to provide for ours, trusted our government to make that worthwhile, and protect us within our borders and banks. Ain't happening. So if you think you got screwed don't think you're the lone ranger. Wait til you've invested a whole life and get this caca in return.
I have no doubts, like I said, you geezers have provided tremendous growth and some really cool toys.

Your biggest mistake was trusting the government. Even our fore fathers knew not to do that! Had the mindset still been present that they had, we would have had a revolution/coup d’état a long time ago. There has been a switch from understanding where they come from as an entity to a reliance on them to put food on the table, or provide health care, or, or, or, or, or, or.
Kennedy's words have been COMPLETELY forgotten:
And so, my fellow Americans: ask not what your country can do for you - ask what you can do for your country.
Here is a link to his entire inaugeration speech - seems a hell of a lot different than Democrats of today!
http://www.famousquotes.me.uk/speech..._Kennedy/5.htm

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My issue isn't with you, just those of you in power

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post #43 of 53 (permalink) Old 01-03-2009, 08:12 AM
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Originally Posted by exlude View Post
I think the problems came after the baby boomers. More specifically, people in the current workforce not being able to maintain their financial responsibilities. This isn't specifically pointing at you, and I can't say I would have done differently in your position, but walking on tons of debt like so many people are today is partially what started all of this.
Where was it learned from? Think back to the early-mid 80's when hoards of people walked out on student loans and bankruptcy became a way of life. This isn't a new problem, just one that has become perpetuated in the past 5 years.

I pay everything now, though. People need to learn from mistakes, not keep repeating them (Research: Walt Disney).

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #44 of 53 (permalink) Old 01-03-2009, 08:26 AM
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trying to lay this on the baby boomers is assinine. Look at the market place. The advertisers constantly telling you that you deserve this (insert any product) now don't wait buy it on credit. The lenders offering to finance 110% of a home loan. (we all see how well that worked out) The constant barrage of buy my walk away from your debt secrets available. I can show you how to buy, sell and never even pay for products garbage. Corporate greed contributed a great deal to our current mess. Then add in the the cost of illegal immigration an unpopular and costly war. It is not hard to see how we got here, but it is going to take hard work instead of finger pointing to dig ourselves out.
I would encourage you to look at who was in control (politically and corporately) during those times.

This site has time lines of the national debt (nevermind that the guy is a screaming liberal star trek geek)
http://www.cedarcomm.com/~stevelm1/usdebt.htm

There has not been any major political group not headed by baby boomers since 92. I would assume that a ton of major corporations were also ran by baby boomers during this period. Such as Franklin Raines, a baby boomer, that headed up Fannie Mae.

Immigration has to be brought under control, and it is going to take some unpopular steps, but decisions have to be made, like "GTFO, NOW!"

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #45 of 53 (permalink) Old 01-03-2009, 08:35 AM
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It doesn't matter how much lipstick you put on the pig, corporate greed was a product of the baby boomer generation. They've even turned being a "green" hippie into a business now. The idea of a public company turning a profit at any cost is a 1980s idea. Blaming everyone of them is a bit extreme though.

With that said, there are a lot of other factors that have lead to the current economy. It's like we have had the perfect storm brewing for a while. Baby Boomers who want to make a buck at all costs like the 80's, and youngsters that are walking away from all their mortgage and consumer debt.
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post #46 of 53 (permalink) Old 01-03-2009, 10:09 AM
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I don't have that luxury, I'll never see a dime of it.

With the way things are going now, I don't think he will either.
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post #47 of 53 (permalink) Old 01-03-2009, 01:35 PM
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trying to lay this on the baby boomers is assinine.

Corporate greed contributed a great deal to our current mess. Then add in the the cost of illegal immigration an unpopular and costly war. It is not hard to see how we got here, but it is going to take hard work instead of finger pointing to dig ourselves out.
Nice. Some still think that sitting and bitching and playing the blame game for self defense is useful. Time to seperate the fools from the survivors. Throw out the bums and WORK!!!

Talk is cheap because supply exceeds demand!
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post #48 of 53 (permalink) Old 01-03-2009, 02:52 PM
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You can't lay corporate greed at the feet of all the baby boomers. It was a very select group. Greed has been around since the beginning of time, but what some of these people did were commit crimes. Using that same thought process would make all baby boomers criminals just because they were born in the same 20 year time span.
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post #49 of 53 (permalink) Old 01-03-2009, 04:53 PM
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Where was it learned from? Think back to the early-mid 80's when hoards of people walked out on student loans and bankruptcy became a way of life. This isn't a new problem, just one that has become perpetuated in the past 5 years.

I pay everything now, though
. People need to learn from mistakes, not keep repeating them (Research: Walt Disney).
You sure seem to be chasing your tail on this issue that oddly you brought up.

I don't care what your circumstances were for your letting "others" pay your depts or if it was "a long time ago" or yesterday. And I don't care how many companies or employees you currently have, you're probably the last guy that has a right to point fingers and blame anyone else for your "imperfect" world.

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post #50 of 53 (permalink) Old 01-03-2009, 04:58 PM
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Is this the same guy who predicted $200 / barrel oil by Xmas 2008?

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