Archive for the Category » us economy «

Tuesday, October 07th, 2008 | Author: Holly

I’m watching the news and they keep talking about the AIG executives that took our taxpayer money and went to the spa. Now they said that what these men have done may put them in jail as they pretty much did the same thing that Enron executives did. I’m pissed as that is money that I, who can’t afford it, payed in and they took it and spent it.

Here is what I think needs to happen to these men is that they should have to pay back what was spent along with giving the tax payer their million dollar golden parachutes that AIG gave them when they left. Oh yes I could use some of that money! I think we need to start showing people like this that they can not take advantage of what the taxpayer has given them, they need to pay for spending money that was not theirs.

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Category: business, us economy |  Tags: , , , , , | One Comment
Wednesday, September 24th, 2008 | Author: Holly

All I ask is that I have enough money for gas to get to school and food, right now that is apparently too much to ask. I have made $150 so far for next month, that might get me to school for 2 weeks including food while I’m getting there. Pretty much as of right now I get to starve at home. I may get lucky and make more, but at this point I’m not counting on it. Pretty much what I’m going to end up doing is buying really cheap junk food and hoping I don’t gain weight. We are talking chocolate bars and mac and cheese. Things that are high in carbs, but bad on calories. It sucks having to have a set number of carbs, I don’t have a choice to just eat less.

The bad part is we just had a new store open in our area, a clothing store that we really did not need. What I hate is that now instead of maybe getting a job I cant because they just brought people from other stores to this one and because they opened the other stores are not hiring. We already were bad here, Michigan’s unemployment rate is 8.9% Now keep in mind that people like me who are not collecting unemployment because we were not full time, were students or they have not worked at all because of the lack of jobs. It’s horrible and really I don’t think there is an end to this if we continue on this track where we worry more about other countries and not our own. I also think that this bailout needs to have something to do with the little people and I don’t think that these CEO’s of these companies should see any money this year, personally they drove their companies into the ground they need to know what it’s like to have no cash, cut their pay completely and then help them, I don’t think as a tax payer that I should pay for their 5 homes and 3 wife’s and 5 mistresses and 10 kids, their cars, their jets and their country club memberships. You know that is what will happen.

At this point I’m starting to think a depression may just be the thing we need to get rid of these idiots who have made the rest of us have to live beyond our means and now we are the once suffering. Maybe they need to be reminded or learn what it’s like to worry about having food for the next week or what it’s like to not have food for the next week.

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Thursday, September 18th, 2008 | Author: Holly

The economy sucks and according to the article I read this morning the financial sector is the worst it has been since the 1930’s. Yesterday I talked to some people online again who are today hoping to get to their banks and pull all of their money out. I kept telling them this is a bad idea, the last thing we need is a run on the banks. That is one of the things that caused the great depression. If that had not happened we may not have had that issue.

Right now the banks that are failing excluding the one a few months ago, are all investment banks that are effected by the housing crisis. Banks that have personal checking and saving accounts are fine and will be fine if we don’t do a run on banks. Personal bank accounts have up to $100,000 insured if you have more then that put anything over that into another account in your kids name or something if your worried about it, or you can give it to me! I wouldn’t mind that.

I really just hope people will take a look back at what caused the problems to start the great depression and learn from it. There are many similarities between the 20’s and the 90’s that make you think. Of course with the way most people are, I’m lucky if those reading this know what the great depression was let alone what caused it. If you don’t check out this site What Caused the Great Depression. It’s a read but you will really see how similar the situations are and hopefully learn what we need to do as normal people to keep things going. Also you’ll learn how the government has things in place to help us.

If your wondering how the insurance works check out the FDIC website

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Sunday, August 10th, 2008 | Author: Holly

Once again I’m bringing my classwork to my blog. This week we have been talking about immigration and have touched on Illegal Immigration. I seem to be the only one in my class who thinks that Illegal Immigration helps the US and doesn’t hurt us. I feel they don’t take away jobs from US citizans because they are jobs we would not do anyway, no matter how much they paid.

Many people state that some jobs would be filled if they paid more, but prices will go up then and of course then us greedy americans (said with affection) would want more money. I’m wondering what everyone else thinks of this problem. If your from another country is it an issue there too?

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Tuesday, July 22nd, 2008 | Author: Holly

My mother rents a home. She loves doing it and I love that she has been able to make it succeed. It was out of necessity as she had a new home built just before all of this mortgage mess and the economy going crazy. Actually it was about 2 years before that, but Michigan’s economy has been bad since then, it didn’t start with the housing market like the rest of the country did.

Anyway she just called to see about refinancing the house to put on a new roof, because it needs it. They won’t do it because that house is not worth it. It sucks, because she may have to unload it at a very cheep price now. Hopefully she can do something about it and not worry anymore. There are so many other problems we are having right now and this is something that she shouldn’t have to worry about.

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Thursday, July 10th, 2008 | Author: Holly

Since I live in Michigan on the east side of the state where we are close to Canada you hear a lot of talk right now of people moving there. Yes people have decided the US economy is that bad, they now want to move. There plan is to keep their jobs, if they have them and move across the boarder. Many of these people are now looking for information on immigration laws in Canada. I told one women to bring down her search so that she could actually find a useful site, something like a Toronto Immigration Attorneywhere they would have correct information. A great website is that of Attorney Matthew Jeffery who specializes in immigration laws. The site has most of the information these people would need and they can always contact him for more information.

A few people I talked to just want to go to school there as they think the job market may be better once they are done with school and they will move back. I told one girl who went to school with me for a while that all she would need is a Canadian student visa and she would be okay. I’m sure the school could tell her how to get one, but she can also just look it up on this site and find out a little before deciding what she wants to do.

I’m sad that these people are leaving, but I understand if I could transfer without having to take everything over again I would probably be out of here too.

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Thursday, July 03rd, 2008 | Author: Holly

I was talking with an old friend earlier and he thinks that my job is Recession proof. Now I’m personally not so sure about that as last month I didn’t do very well, but he informed me that advertising actually can pick up when there is a recession because companies have to advertise to get people to shop at their store or buy their product.

I get what he is saying and it sounds great. I’m just wondering if I should be expecting a raise in income or just be thankful I have anything at all. I guess I just get to wait and see. Right now I’m thinking of teaching myself php, another supposedly recession proof job, computer programing.

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