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ah, yes, the latest on my company 401K

On 21/07/2010 8:51 PM, bpuharic wrote:
On Wed, 21 Jul 2010 20:36:22 -0600,
wrote:

On 21/07/2010 7:53 PM, bpuharic wrote:
On Wed, 21 Jul 2010 21:35:19 -0400, wrote:

Only the dumb ones. I retired when I was 49 but I did have a little
hobby job for a few years after that.

so 100M americans are dumb

you right whiners think your little fairy tales have an impact on the
middle class.

wrong

Nope, many of them become lillionaires! And before they are 50... Only
the portion that is not thinking correctly end up losers and without raises.

why not check the GINI coefficient? the US has the least social
mobility of 10 western democracies, except for the UK

Because many have lost the American way, trading it in for envy, greed
and entitlement -- which do not work.

Plus, your born much better off than 80% of the world to start with. In
in Afganistan, less than a 50% chance you can read when you are 20. The
room to grow their is high. Bum to Saddam or Obama, sorry, Osama in a
lifetime is real and fewer people to compete with.

more facts to blow your bull**** away.

and those without raises? that's the ENTIRE MIDDLE CLASS

http://andrewsullivan.theatlantic.co...the-day-6.html

I actually don't entirely disagree with you in that being middle class
is now tougher than ever before. But I disagree with the reason.

Big fat corruptive government is the cause. Track total government
revnue against wages...you will see government outsrips income. And you
can't keep having government grow like a cancer.

At some point, DC will go bankrupt. And Obama will have the dubious
honor of kicking DC past the tipping point.

--

Government has liberals, idealists and lawyers, but where is the common
sense?

ah, yes, the latest on my company 401K

"bpuharic" wrote in message
...
On Wed, 21 Jul 2010 09:45:44 -0700, "Califbill"
wrote:

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

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

Obama is a problem.

yeah. folks often say that about black folks

He got the Congress to pass massive overspending and
borrowing.

nope he didn't. the 2009 FY was the responsibility of the 2007
congress and GWB. that budget increased debt spending to about 9% of
GDP. he had nothing to do with it

the scope of the borrowing was defined by bush's treasury secretary
henry paulson.

so you're wrong

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.

the depression started in 2007. bush was president. paulson, who
worked for bush, was treasury secretary and INSiSTED congress give him
800B with NO accountability at all.

Both parties are guilty as hell. Bush sucked as
President. And Obama may make Carter look good, and that will be hard to
do

obama had nothing to do with it

you seem to think he's guilty of being president while being black

doesn't Obama also employ Paulson?

ah, yes, the latest on my company 401K

"Califbill" wrote in message
m...

"bpuharic" wrote in message
...
On Wed, 21 Jul 2010 09:45:44 -0700, "Califbill"
wrote:

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

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

Obama is a problem.

yeah. folks often say that about black folks

He got the Congress to pass massive overspending and
borrowing.

nope he didn't. the 2009 FY was the responsibility of the 2007
congress and GWB. that budget increased debt spending to about 9% of
GDP. he had nothing to do with it

the scope of the borrowing was defined by bush's treasury secretary
henry paulson.

so you're wrong

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.

the depression started in 2007. bush was president. paulson, who
worked for bush, was treasury secretary and INSiSTED congress give him
800B with NO accountability at all.

Both parties are guilty as hell. Bush sucked as
President. And Obama may make Carter look good, and that will be hard to
do

obama had nothing to do with it

you seem to think he's guilty of being president while being black

doesn't Obama also employ Paulson?

?? That would have been Bush. I believe he's installed at some university.

ah, yes, the latest on my company 401K

"bpuharic" wrote in message
...
On Wed, 21 Jul 2010 18:22:20 -0600, Canuck57
wrote:

On 21/07/2010 3:26 PM, bpuharic wrote:
On Wed, 21 Jul 2010 09:51:31 -0700, "Califbill"
wrote:

bull****. it DIDNT have a living wage. THAT'S the problem! it hasnt
had a real wage increase on 10 years.

any other fairy tales you want to spread?

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.

ah. blame the middle class. that's the right wing solution to
everyting.

protect the rich

blame the middle class

CalifBill said it right, no one gives a crap that you lost. And you
lost because you were stupid.

no, i lost because i was middle class. you seem to forget that there
are 100M in the same shape i'm in

but, then, you're right wing. the problems of the middle class dont
interest you at all. not a bit

Where the hell you get 100,000,000? Another factoid pulled out of your ass!
a 1/3 of the people in the us are not middle class workers. There were only
120,000,000 employed in 2008. Most people, middle class included had less
than $50k in savings and retirement funds when they retired. And that was
before the crash. Most did not lose much in the crash, as they had spent
all the money they made already. A few years ago, we discussed the cost of
boats on this group. At least one person said they did not care what the
boat cost, but what the payment per month were. They ignored the fact the
boat loan was for 15 years for a $9,000 boat. That attitude was and is
rampant in both the lower and middle class. Admit it, you made bad choices,
and are economically ignorant. We lost jobs because people decided a living
wage was required, and that living wage was enough to be upper middle class
in the last 60 years. the local transit district BART, pays a driver, who
sits and checks that no one is stuck in the doors at the stop and if the
control goes down will drive to the next station at 25 mph. Tracks, no
steering wheel. No crossing guard to worry about. Maybe a GED required.
$80k salary and $60k in benefits. The workers say they require a living
wage. No they don't require an upscale living wage. We have priced
ourselves out of the market. Our exports are airplanes and food. To things
we really build well, or have the skill and land to grow. How the hell are
you going to compete with an engineer in India that has better education to
equivalent to yours and will work for $40k? This is who we are competing
with. Those 3rd world countries are requiring their children to go to
school and learn. Not go to school part time and ignore homework etc. Not
like Washington DC with a 52% DROPOUT rate and the highest cost per student
in the US. Chicago with a 76% male African-American dropout rate. We are
racing to the bottom because of a bunch of spoiled whiners. You are a prime
example. No raise in 10 years, says you suck at your job. Go get another
one. Improve your performance and attitude. Only reason all those homes
sold for a 25% increase in price, was because a government required banks,
etc to loan money for home purchase regardless of ability to pay. And the
government bought those loans. So Clinton, Bush, etc. all were pushing the
bubble. And when the first person could not sell his house for more than
his cost and could not make the payment when the 1% 3 year or 5 year
interest only loan reset to actually be a loan, the house of cards started
crashing. 100% Democrat and Republican and Independent Congress peoples
fault. Not Wall Street, not the big banks. They were going along because
the government was giving them huge profits. Wall streets and the big banks
were greedy so they insured the loans and sold them for even more profit.
That was criminal, but all started because government gave away the house.

ah, yes, the latest on my company 401K

"bpuharic" wrote in message
...
On Wed, 21 Jul 2010 09:57:46 -0700, "Califbill"
wrote:

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

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.

yeah i can see you're a renter and never bought a house

it doesnt matter whether or not you're usin it as collateral. the loan
company STILL wants to know what y our assets are

they SELL your loan to investors. the more assets you have, the better
your loan is and the more money they get for it.

There was no way, anyone making $50k a year could purchase a $500k
house. Maybe you were too dumb to realize that.

and you're too dumb to apply for a mortgage

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.

more bull****. the govt never told them **** about the loans they had
to cover. wall street got greedy and set up loan companies to make bad
loans so they could package them, sell CDO's and clean up

there's a reason CDO's went from 1 trillion in 97 to SIXTY TWO
TRILLION in 2007

greed of the rich. it had NOTHING to do with the middle class

the middle class, having had static wages for 10 years, did the only
thing it could: borrowed.

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.

you dont know **** about anything, let alone the middle class

I may be dumb, but not anywhere as dumb as you. I have bought several
houses, I own my house. No mortgage! My daughter bought her first place at
25 years old. She bought a condo in a very good area. As she knew she
could not afford a single family home on her income. I bought a business a
long time ago. I looked at the income and outgo and paid accordingly. They
look at your 401k as an example of are you thrifty and will pay the loan. I
grew up Middle Class. Mom was an RN, and dad was a machinist. Both
products of the Depression. If you could not pay cash, you did not buy
things. Very few things were financed. My mother never had a credit card
other than a gas company card. Did not have money to write a check for the
item or pay cash for it, do not buy it. I bet you run a couple thousand
dollar balance on your credit cards each month. You are dumb when it comes
to economics.