Comments on: Random acts of spending

By: Doreen Awiti, Bayonne, NJ

Doreen Awiti, Bayonne, NJ — Sat, 12 Jul 2008 00:25:37 +0000

“Like, if any of you could purchase a couple million American-made cars this weekend, could you please do so? You’d have the thanks of a grateful nation, that’s for sure.” That a very good point.. But hey American cars sucks you know that How about Japan? We have money remember???

By: Beth, New York City, NY

Beth, New York City, NY — Tue, 03 Jun 2008 02:37:13 +0000

oops…forgot the link!!

http://buck64aday.blogspot.com

By: Beth, New York, NY

Beth, New York, NY — Tue, 03 Jun 2008 02:36:34 +0000

my friend is going to break his up over the course of a year and spend it $1.64 a day. Sad…yet funny.

By: ernesto, bronx, ny

ernesto, bronx, ny — Mon, 21 Apr 2008 19:39:10 +0000

this is the hardware store where they have the high quality innexpensive locks….

http://www.jmbhardware.com

By: Jessica, St. Cloud, MN

Jessica, St. Cloud, MN — Tue, 01 Apr 2008 19:00:04 +0000

Wait a minute, you did say you didn’t care where I shop…ok, you are still on my good side 150% then…

By: Jessica, St. Cloud - I'm ready to move again, MN

Jessica, St. Cloud - I'm ready to move again, MN — Tue, 01 Apr 2008 18:58:07 +0000

Um, here’s a concept. Have a SUV to drive thru snow when needed AND a fuel efficient car to drive to work and errands. Shop at wally world for your shampoo and antacids and Bloomie’s for your hotpants. Freedom of choice peeps. Anything wrong with that? I’ve worked for everything I have (American made and otherwise), a VAST majority of it is paid for and if I feel like being stingy with my funds, splurging, or giving it to charity or tithing, I will. To he** with anyone who tells me how to manage my $, where to shop, etc. I make the best decisions for my situation. Not the banks, not the government, not the herd of the public. Not even you Bing, even though I love ya.

Bing, you certainly know how to push buttons dahling.

By: Steve, Charleston, WV

Steve, Charleston, WV — Tue, 01 Apr 2008 14:05:58 +0000

humphrmi: “Lost money because their broker went bankrupt? Never. And don’t give me that Bear Stearns crap, that was panic-driven and has no basis in reality.”

Panic is the new reality.

By: Jack Hammond Canada

Jack Hammond Canada — Mon, 31 Mar 2008 23:02:24 +0000

Like, if any of you could purchase a couple million American-made cars this weekend, could you please do so? You’d have the thanks of a grateful nation, that’s for sure.

Sorry Bing but American made stuff is out of style. I’m waiting for a chinese made Cherry that gives 50 mpg and costs just over 10 grand
My gas guzzler dodge was a fine truck, but the world is changing and buying American vehicles is just not in tune with the new globalization trend. Driving by stalled and out of gas SUV’s and Hummers is the new trend, wave as you go by.

American industry and financial commerce is in ZOMBIE MODE, you know walking dead that don’t better than to lie down and cover themselves with dirt.

By: CJ - Dallas, TX

CJ - Dallas, TX — Mon, 31 Mar 2008 19:25:17 +0000

Delete old calendar requests with large files attached to them. If that doesn’t work just create another *.pst file.

By: Jonathan, Newark NJ

Jonathan, Newark NJ — Mon, 31 Mar 2008 13:52:44 +0000

I would love Social Security Privitization seeing how I don’t count on seeing a cent of it when I retire.

Social Security is a ponzi scheme which is fast approaching its day of reckoning with increased taxes and reduced benefits.

By: Jack Hammond Canada

Jack Hammond Canada — Sun, 30 Mar 2008 19:37:39 +0000

What would the “Financial Crisis” be like today if the American people had been ushered into “Social Security Privitization? Hmmmm?????

Posted By Bob Shelby
A nightmare that would make you and everyone else permanent bedwetters

By: Bob Shelby Twp. Mi.

Bob Shelby Twp. Mi. — Sun, 30 Mar 2008 12:52:39 +0000

What would the “Financial Crisis” be like today if the American people had been ushered into “Social Security Privitization? Hmmmm?????

By: humphrmi, Chicago, IL

humphrmi, Chicago, IL — Sun, 30 Mar 2008 00:32:41 +0000

Just a couple of comments.

1. There is no problem so big that you can’t throw money at it.

2. “I mean, it’s quite clear that putting your money in the bank isn’t as safe as we once thought it was.” — Nobody has ever lost a single dollar due to a failed financial firm by keeping money in a bank or investment account while following the FDIC and SIPC guidelines. Lost money on their investments? Sure. Lost money because their broker went bankrupt? Never. And don’t give me that Bear Stearns crap, that was panic-driven and had no basis in reality.

By: Jack Hammond Canada

Jack Hammond Canada — Sun, 30 Mar 2008 00:03:58 +0000

Sure, Bing. I think this weekend, I’ll empty by dollar-denominated savings account and buy some Euros. They seem to be doing better than my 401(k) anyway.

Posted By Ivan, Washington, DC
I can remember when people in the the US laughed at the euro @ .98
I told everybody back then that they were in for a surprise, nobody listened.

The problem is the US has never had to pay interest on it’s deficit for over 60 years, that is now changing.

When you borrow money today they want to be paid in Euros not greenbacks, so you cannot just keep running the presses like the old days to pay off your debt.

There is too much US money out
there and not enough US money within the country. A sure recipe for disaster.

When the Foreigners lose confidence in the green back it will come home like a sunami, Hyper Inflation will make it like a mexican peso.

The FED no longer releases data on the amount of money issued or printed. WHY???

Foreigners are buying up US assets as fast as they can to cushion the advent of Hyper inflation. They want TANGIBLE assets not a worthless greenback.

If I’m wrong then say so don’t be shy

By: Jonathan, Newark NJ

Jonathan, Newark NJ — Sat, 29 Mar 2008 14:48:48 +0000

Gawd I so hope you are kidding!

We are 9 trillion in debt due to spend now, save later mentality. SS broke. Medicare broke. Trade deficit 800 billion/yr. Credit gone, home wealth gone, pain is coming and the we can’t escape it. Called “economic cycle” (or “return to normality”)

American’s used to be thrifty, it’s what made us great! I have no flat screens and proud of it. Have over 6 figures set aside for my 1yr old and 3 yr old in 529’s. Have 20% ready for a down payment when house values get back to historical norm (after another 20% drop).

Here’s a thought… SAVE …and invest in the market in about 6mo’s (you know…BUY LOW and sell high). It’s what I plan to do and it’s worked well so far.

By: Lawrence, St. Louis MO

Lawrence, St. Louis MO — Sat, 29 Mar 2008 09:37:56 +0000

The saddest thing here is that none of you are entirely correct. The problem isn’t buying imported goods, the solution isn’t necessarily spending/ buying American, it is that our American-Made industries aren’t exporting enough. Paint and plastic models are made in Illinois, cars in Detroit, but the rest of the world doesn’t need this stuff. We need a way to integrate with rising ecomonies and all go up together. Meanwhile, I just bought a hot rod, which uses lots of gas and will need many American made parts to go back together. and eventually a fresh coat of American paint sprayed by an American, in an American bodyshop.

By: Yu^2, West Bengal, India

Yu^2, West Bengal, India — Sat, 29 Mar 2008 04:56:22 +0000

“Throwing money at the problem is what Americans do best,” said my (white) American friend. It’s very patriotic. You won’t find that anywhere in the world. People are so stingy, they never think about the collective economy. And spending money is what Americans do best, it’s better than any state imposed economic stimulus.

By: Barb in Hotlanta, GA

Barb in Hotlanta, GA — Sat, 29 Mar 2008 03:26:21 +0000

Random acts of spending, you say? Whoo-hoo I’m ready to help! I’m going to hit the one day sale at Macy’s, buy a $4 coffee from Starbucks then go to Disney World in two weeks. Thank goodness I can afford to pay for it! Hope someone is grateful out there!

By: L.

L. — Fri, 28 Mar 2008 23:26:00 +0000

I just read that 500 factory workers are being laid off in Ohio and 1200 sales reps from another company no longer have a job as of Monday. The company I work for is a weekly joke in most business magazines as they are financially close to bankruptcy one week and doing “okay the next”. This of course would explain the significant pay reduction last month and the layoffs the month before.

My point….spend what money this weekend? Some of us don’t have any……..

By: Jack Hammond Canada

Jack Hammond Canada — Fri, 28 Mar 2008 22:44:35 +0000

Spending money to stimulate the economy used to work like a pinball machine, bing , bong wazoom as it bounces around the country entering and leaving everyones pockets. Not Today all the feds money takes is one bounce and BEJING where it stays.
The US is screwed and there is nothing anybody can do about it, we are globalized, get ready to earn Chinese wages.