On Tue, 20 Jul 2010 20:27:55 -0700, "Califbill"
wrote:



"bpuharic" wrote in message
.. .
On Tue, 20 Jul 2010 17:31:47 -0600, Canuck57
wrote:

Simple, US government and peoples hit the tipping point where they no
longer attract money.

i love it when the right wing is wrong....

money is flowing to the US from europe. the euro is dying...

he is SSSOOOO Stupid...


There is only so much corruption, bailout and entitlement a system can
stand before the tipping point is reached.

yeah. wall street socialism is kiling the middle class

And government spending is kill all classes.
http://news.bbc.co.uk/2/hi/business/1388006.stm A good read on the Japanese
problem. They borrowed and did exactly what Obama and company are doing now

uh no. obama took office in 2009. the deficit for his first year in
office was about 9% of GDP. that budget was passed by the previous
congress, with george bush leading the charge for the TARP program
devised by henry paulson

so obama had nothing to do with it. not a thing. you're just too
stupid to know it.


http://www.tax.com/taxcom/taxblog.ns...T?OpenDocument
A reason why we will have a VAT before you know it. And we are in worse
shape than Japan as we do not have a thriving manufacturing sector.

you guys keep bleating about what obama's GONNA do

wake me up when you're right.

On Tue, 20 Jul 2010 20:08:42 -0700, "Califbill"
wrote:



"bpuharic" wrote in message
.. .
On Tue, 20 Jul 2010 19:20:56 -0400, wrote:


too bad the right wing destroyed the pension system in this country
and let the rich replace it with 401k's.



For those of in demand for jobs, 401k's were great. I was with NCR for 17.5
years.

no one cares about you. there are 100,000,000 americans who are as
self absorbed as you are.

less than 50% of companies even have a pension plan. and with the
massive turnovers in jobs, no one stays at a company long enough to
collect a pension.

the right has, at every turn, gutted the ability of the middle class
to earn a living wage or have a decent retirement

On Tue, 20 Jul 2010 22:27:41 -0400, "D.Duck" wrote:


"bpuharic" wrote in message
.. .
On Tue, 20 Jul 2010 19:06:17 -0400, Larry wrote:

bpuharic wrote:
On Tue, 20 Jul 2010 05:03:58 -0400, "Charles C."


go ahead and try to get a loan using your 401K as collateral

see what happens


CC

When would any lender accept a 401K account as collateral?

since it's a standard part of a loan applcation. that's when

been renting all your life, i see


I may be wrong but I believe 401Ks are untouchable in bankruptcy
proceedings. You may have to list them on a loan app but they are
untouchable to a loan holder.


unless, of course, you're able to waive that...which many middle class
people did since it was a source of wealth that the rich wanted to get
their greedy hands on.

On Tue, 20 Jul 2010 21:20:34 -0600, Canuck57
wrote:

On 20/07/2010 8:07 PM, bpuharic wrote:
On Tue, 20 Jul 2010 20:01:34 -0600,
wrote:



Maybe not by your standards, but by mine, Greenspan was a leftie.

jesus christ...if you're calling greenspan a leftie...

Caved
into Clinton and congress pretty good. He even admited he screwed up in
doing so.

he admitted wall street was greedy. he, unlike you, knew the rich
could be greedy

you're a right wing moron so are too stupid to understand

greenpan can learn. you can't

Makes me smarter than you, I made money on his mistake, you lost your shirt.

me and 100M hard working americans...oh, i forgot. you hate the middle
class

On Tue, 20 Jul 2010 20:05:16 -0600, Canuck57
wrote:

On 20/07/2010 7:52 PM, bpuharic wrote:
On Tue, 20 Jul 2010 19:00:38 -0400, wrote:

bpuharic wrote:
On Mon, 19 Jul 2010 19:21:25 -0400, wrote:



when's the last time the GOP proposed a capital gains tax INCREASE?

oh. never.

QED

Why do you have to worry about that? Are you at retirement age?

55. close enough. i worry because i'm shouldering the burden for the
rich. we bail them out. they pay lower taxes than i do. they dont
boost middle class incomes by wage increases...they do nothing for the
middle class.

Give me a break, I probably pay more in taxes than you make gross.

you're probably right. you wealthy folks usually are very arrogant
about your socialistic entitlements


america has the least equitable income structure in the western world.
it's one reason we're in the shape we're in

and tot he right wing, that's proof god loves the US

Let me correct you, bpuharic was not up to the challenge, got greedy and
made bad investments or perhaps in debt up to his ass never really saved
more than $40.

ah. so 100,000,000 americans are named 'bpuharic' since we all lost
our shirts

aggregate wealth in the US was 65 trillion in 2005

today it's 55 trillion

do you think i, personally, lost 10 trillion? if not, you have a bit
of explaining to do.

bpuharic wrote:


ah. so 100,000,000 americans are named 'bpuharic' since we all lost
our shirts


I'm still curious about the "100,000,000 middle class."
Can you pick that group from here?

http://sociology.ucsc.edu/whorulesam...er/wealth.html

Can't seem to break any of the charts down to get 100,000,000
in a group. But I didn't try too hard.
Seems the groups here are 1, 19, and 80 percent.

Jim - Curious

"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 20:30:29 -0700, "Califbill"
wrote:



"bpuharic" wrote in message
. ..
On Tue, 20 Jul 2010 17:33:31 -0600, Canuck57
wrote:

On 19/07/2010 5:23 PM, Larry wrote:
Canuck57 wrote:

I would ahve to agree. Obama is leading the longest depression in
modern times, his head is on the block and clearly Obamanomics is
failing.

canuck hates the black guy in the white house.

he's too stupid to realize the depression started in 2007. obama
wasn't president

but to the right wing, that's irrelevant. he still gets blamed. after
all, bush was white. and you can't blame a white guy if a black guy is
available


And the House and Senate were in the firm control of the Democrats.

which, of course, is irrelevant. the dem congress was guilty of
inaction. it was the GOP that passed massive tax cuts for the rich AND
deregulated the economy over 30 years. the myth of 'smaller govt' led
to wall street stealing the entire economy from under our feet

so at least you admit obama was not the problem. it's about time


Obama is a problem. He got the Congress to pass massive overspending and
borrowing. Same thing that has caused the Malaise in Japan to hang on for
over 20 years. But you blame the Republicans for all the problems. The
Democrats were in charge of the checkbook when the market and economy
started tanking. Both parties are guilty as hell. Bush sucked as
President. And Obama may make Carter look good, and that will be hard to
do.

"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 20:08:42 -0700, "Califbill"
wrote:



"bpuharic" wrote in message
. ..
On Tue, 20 Jul 2010 19:20:56 -0400, wrote:


too bad the right wing destroyed the pension system in this country
and let the rich replace it with 401k's.



For those of in demand for jobs, 401k's were great. I was with NCR for
17.5
years.

no one cares about you. there are 100,000,000 americans who are as
self absorbed as you are.

less than 50% of companies even have a pension plan. and with the
massive turnovers in jobs, no one stays at a company long enough to
collect a pension.

the right has, at every turn, gutted the ability of the middle class
to earn a living wage or have a decent retirement


Yup, no one cares about you and your finances. Even your 401k manager. So
you better learn to care for yourself. As my TI in USAF basic said, if you
can not take care of yourself, you can not take care of your buddy. And
those job changes and no able to vest in a pension makes 401k's even better.
As Gretwell says, look at your choices. The middle class has a living wage.
By definition they live in the middle. The problem you babyboomers /
GenXers have decided that a living wage is $200,000 a year. You have to be
able to afford a nice couple cars, nice boat, 3000 sq ft. home, and a 3 week
vacation in some really nice 4 star place. You are in error.

"bpuharic" wrote in message
...
On Tue, 20 Jul 2010 22:27:41 -0400, "D.Duck" wrote:


"bpuharic" wrote in message
. ..
On Tue, 20 Jul 2010 19:06:17 -0400, Larry wrote:

bpuharic wrote:
On Tue, 20 Jul 2010 05:03:58 -0400, "Charles C."


go ahead and try to get a loan using your 401K as collateral

see what happens


CC

When would any lender accept a 401K account as collateral?

since it's a standard part of a loan applcation. that's when

been renting all your life, i see


I may be wrong but I believe 401Ks are untouchable in bankruptcy
proceedings. You may have to list them on a loan app but they are
untouchable to a loan holder.


unless, of course, you're able to waive that...which many middle class
people did since it was a source of wealth that the rich wanted to get
their greedy hands on.

If you could not afford the loan without your 401k money, buy a cheaper
house. There was no way, anyone making $50k a year could purchase a $500k
house. Maybe you were too dumb to realize that. And the only reason the
banks etc. were loaning money on that ratio was the government told them to
and bought the loans from them. The reason I own a million dollar house is
because of inflation. No way should my house be selling for a $1,000,000+
but that is what inflation and the government has brought us. Was a $36k
house in 1972. With a 450 addition and a pool which probably cost $5,500 to
build in 1974 the house would have valued at about $40k then. Now it is 25
times that value 36 years later. Way more than CPI indexed inflation and
that has been the measure for increased home value for all but the last 30
years.

On Wed, 21 Jul 2010 06:17:55 -0400, bpuharic wrote:

On Tue, 20 Jul 2010 20:05:16 -0600, Canuck57
wrote:

On 20/07/2010 7:52 PM, bpuharic wrote:
On Tue, 20 Jul 2010 19:00:38 -0400, wrote:

bpuharic wrote:
On Mon, 19 Jul 2010 19:21:25 -0400, wrote:



when's the last time the GOP proposed a capital gains tax INCREASE?

oh. never.

QED

Why do you have to worry about that? Are you at retirement age?

55. close enough. i worry because i'm shouldering the burden for the
rich. we bail them out. they pay lower taxes than i do. they dont
boost middle class incomes by wage increases...they do nothing for the
middle class.

Give me a break, I probably pay more in taxes than you make gross.

you're probably right. you wealthy folks usually are very arrogant
about your socialistic entitlements


america has the least equitable income structure in the western world.
it's one reason we're in the shape we're in

and tot he right wing, that's proof god loves the US

Let me correct you, bpuharic was not up to the challenge, got greedy and
made bad investments or perhaps in debt up to his ass never really saved
more than $40.

ah. so 100,000,000 americans are named 'bpuharic' since we all lost
our shirts

aggregate wealth in the US was 65 trillion in 2005

today it's 55 trillion

do you think i, personally, lost 10 trillion? if not, you have a bit
of explaining to do.

Did your 401K not have a money market?
--

John H