|
ah, yes, the latest on my company 401K
|
ah, yes, the latest on my company 401K
On 21/07/2010 6:54 PM, bpuharic wrote:
On Wed, 21 Jul 2010 18:29:05 -0600, wrote: On 21/07/2010 6:04 PM, bpuharic wrote: On Tue, 20 Jul 2010 19:04:59 -0400, wrote: John H wrote: On Mon, 19 Jul 2010 23:10:30 -0400, wrote: Seriously, Bob, do you really think all the conservatives here, or anywhere, are rich? Do you not think a bunch of us might be middle class? Yet you are the one doing all the whining because you paid little attention to your investment. I asked if your 401K had a money market fund. By putting your money in same, you could have prevented the losses you took. Don't they all? If he has/had a company match - it would be free money, too! gee. if only you guys sold time on your crystal balls BEFORE the collapse You wouldn't list, it was there in plain view. Ron Paul for example yeah. the same guy who told us the jews were planning to take over the world So tell us, are you islam/muslum jew hater too? that the ron paul you talking about? Ron Paul as libertarian, yep. He and others were saying as early as 2002 this isn't good. Debt worshiping liberals didn't want to hear it so they ignored it. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On 21/07/2010 6:57 PM, bpuharic wrote:
On Wed, 21 Jul 2010 20:42:10 -0400, John wrote: On Wed, 21 Jul 2010 20:06:53 -0400, wrote: On Tue, 20 Jul 2010 12:15:30 -0400, John wrote: On Mon, 19 Jul 2010 23:10:30 -0400, wrote: the rich are doing fine...so that's all that matters Seriously, Bob, do you really think all the conservatives here, or anywhere, are rich? i think they're sock puppets for the rich. they believe all the bull**** myths about working hard, how the middle class is getting richer, how we can turn our futures over to wall street and everything's gonna be fine OK, so we're not 'rich', just middle class. Yet, we aren't whining and complaining about how the 'rich' took all our money. Do you ever wonder about that? of COURSE you're not whining. you have your little right wing myths about how america is SSOOOO special...we take care of the rich and they'll take care of us. why not check this out? http://andrewsullivan.theatlantic.co...the-day-6.html how has the middle class done? how have the rich done? let me know when you take your jaw off the floor. Do you not think a bunch of us might be middle class? Yet you are the one doing all the whining because you paid little attention to your investment. yeah. me and 100M other hard working americans Gosh, there's only one here doing all the whining about the money he lost. uh huh. why not try selling your right wing bull**** to your neighbors. tell 'em what a great job wall street's done in the last 2 years I asked if your 401K had a money market fund. By putting your money in same, you could have prevented the losses you took. gee. where was your crystal ball in 2006? Did you really need a crystal ball to know what a money market was? do you ever read a newspaper? are you aware there's a depression on? no. i guess not. rush hasnt let you in on it yet Everyboy is wrong and bpuharic is right, there is a name for that disease. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On 21/07/2010 7:10 PM, bpuharic wrote:
On Wed, 21 Jul 2010 21:02:38 -0400, wrote: On Wed, 21 Jul 2010 20:06:53 -0400, wrote: I asked if your 401K had a money market fund. By putting your money in same, you could have prevented the losses you took. gee. where was your crystal ball in 2006? I sold a lot of stock in 2006, you should have asked me. I sold off my home builder stock in 2004. I am actually swimming in that money (my pool) gee. too bad most m iddle class americans will have to work 'til they're 70 If they are stupid, yes. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On 21/07/2010 7:53 PM, bpuharic wrote:
On Wed, 21 Jul 2010 21:35:19 -0400, wrote: On Wed, 21 Jul 2010 21:10:34 -0400, wrote: On Wed, 21 Jul 2010 21:02:38 -0400, wrote: On Wed, 21 Jul 2010 20:06:53 -0400, wrote: I asked if your 401K had a money market fund. By putting your money in same, you could have prevented the losses you took. gee. where was your crystal ball in 2006? I sold a lot of stock in 2006, you should have asked me. I sold off my home builder stock in 2004. I am actually swimming in that money (my pool) gee. too bad most m iddle class americans will have to work 'til they're 70 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. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On 21/07/2010 6:59 PM, bpuharic wrote:
On Wed, 21 Jul 2010 20:03:06 -0400, wrote: bpuharic wrote: On Tue, 20 Jul 2010 19:06:17 -0400, wrote: 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'm going to try to guess what you meant to say... Loan applications usually are interested in liquid assets. 401K accounts don't count. I ralize they can be liquidated but loan officers aren't interested in that. 401k's are liquid assets if you take a tax penalty not too bright, are you? and what makes you think loan officers arent interested in money? But you would be wholely stupid to do that, taking money out of a IRA/401k prematurely is about as dumb as it gets. And "rich" people don't look at dumb things as valid options. Loan officers job is to take rich peoples money, pay them a dividend, then multiply it to loan to loaser who will pay for the privelege of the loan. Want to be rich, just means you have to do what it takes to be on the right end of that transaction. Save money and loan it to people who will pay it abck with interest. Didn't even read the rule about debt I sent you the other day? Guess you like being miserable and stupid. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 20:22:33 -0600, Canuck57
wrote: On 21/07/2010 6:54 PM, bpuharic wrote: On Wed, 21 Jul 2010 18:29:05 -0600, You wouldn't list, it was there in plain view. Ron Paul for example yeah. the same guy who told us the jews were planning to take over the world So tell us, are you islam/muslum jew hater too? now let's see the moron quotes ron paul and doesnt know he once edited a paper that published antisemitic diatribes... THEN he blames the messenger for bringing the bad news yep. he's right wing alright. totally stupid that the ron paul you talking about? i Ron Paul as libertarian, yep. He and others were saying as early as 2002 this isn't good. Debt worshiping liberals didn't want to hear it so they ignored it. it was george bush and his treasury secretary who increased the debt to 9% of GDP more stupdiity from the right wing |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 20:23:42 -0600, Canuck57
wrote: On 21/07/2010 6:57 PM, bpuharic wrote: On Wed, 21 Jul 2010 20:42:10 -0400, John wrote: why not check this out? http://andrewsullivan.theatlantic.co...the-day-6.html how has the middle class done? how have the rich done? gee. where was your crystal ball in 2006? Did you really need a crystal ball to know what a money market was? do you ever read a newspaper? are you aware there's a depression on? no. i guess not. rush hasnt let you in on it yet Everyboy is wrong and bpuharic is right, there is a name for that disease. notice how he ignores the facts. the right wing is big on emotion short on logic |
ah, yes, the latest on my company 401K
On 21/07/2010 7:01 PM, bpuharic wrote:
On Wed, 21 Jul 2010 20:05:16 -0400, wrote: On Wed, 21 Jul 2010 18:18:40 -0400, wrote: let's see....there are 115,000,000 working americans. about 80% make less than 100K. looks good to me. Most of those people are not "middle class". Half of them don't even make enough money to pay income tax. ah yes, the right wing mantra...they dont pay 'income' taxes....so they're worthless Where do you get these things? let's see...capital gains is 15% then they get to write off their losses. deduct business expenses...yadda yadda... I simply pointed half of the people you are lumping into the middle class are not making enough to pay income taxes so they are hardly middle class. ?? what makes you think not paying income taxes means you're not middle class? I am probably a big exception to the rule, as generally for 98% of the people gfretwell is absolutely correct. But in my case, 66% of the cash is tax paid, so in retirement my realized income is going to be low. This is by design as I get big tax deferements putting it in, then can draw it out low and slow at a lower tax bracket. It is called advanced financial planning. Hey, if I can save $1000 in taxes for 10 hours of work, that is $100/hr net!! -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 20:36:22 -0600, Canuck57
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 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 |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 20:24:30 -0600, Canuck57
wrote: On 21/07/2010 7:10 PM, bpuharic wrote: On Wed, 21 Jul 2010 21:02:38 -0400, wrote: On Wed, 21 Jul 2010 20:06:53 -0400, wrote: I asked if your 401K had a money market fund. By putting your money in same, you could have prevented the losses you took. gee. where was your crystal ball in 2006? I sold a lot of stock in 2006, you should have asked me. I sold off my home builder stock in 2004. I am actually swimming in that money (my pool) gee. too bad most m iddle class americans will have to work 'til they're 70 If they are stupid, yes. guess that means the entire middle class is stupid. the right wing hates the middle class |
ah, yes, the latest on my company 401K
On 21/07/2010 7:02 PM, bpuharic wrote:
On Wed, 21 Jul 2010 20:26:07 -0400, wrote: bpuharic wrote: On Wed, 21 Jul 2010 18:00:59 -0400, wrote: By the definition of middle class established here ($125K - $250K) it is more like several million. nobody who makes 250K is middle class. Your situation and paranoia will lead you to an early grave if you don't relax. Try turning your computer off for a week, or two. IOW try religion...the opiate of the people? just sit back and let the rich folks have their way? that's good for right wing sheep. not for people who think Yep, we know you will vote for it. Obama is a vote for repression. You just haven't got the tax bill for the "rich" in DC yet. But you will! -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
|
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
On 21/07/2010 8:52 PM, bpuharic wrote:
On Wed, 21 Jul 2010 20:24:30 -0600, wrote: On 21/07/2010 7:10 PM, bpuharic wrote: On Wed, 21 Jul 2010 21:02:38 -0400, wrote: On Wed, 21 Jul 2010 20:06:53 -0400, wrote: I asked if your 401K had a money market fund. By putting your money in same, you could have prevented the losses you took. gee. where was your crystal ball in 2006? I sold a lot of stock in 2006, you should have asked me. I sold off my home builder stock in 2004. I am actually swimming in that money (my pool) gee. too bad most m iddle class americans will have to work 'til they're 70 If they are stupid, yes. guess that means the entire middle class is stupid. No, about 50%. Quite a few middle class make millionaires before they are 50. You get to know them when you are there. Something you will never know. -- 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. |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 20:58:08 -0700, "Califbill"
wrote: "bpuharic" wrote in message .. . On Wed, 21 Jul 2010 09:45:44 -0700, "Califbill" wrote: 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? no, he doesn't. paulson is at johns hopkins university |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 21:28:20 -0700, "Califbill"
wrote: "bpuharic" wrote in message .. . On Wed, 21 Jul 2010 18:22:20 -0600, Canuck57 wrote: 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. the question is, what does this have to do with anything? the issue is the situation of the middle class. that includes joblessness, decrease in wealth (including 401K's, home assets, etc) and the fact we havent had a raise in 30 years while the richest 1% have had a 500% increase in income A few years ago, we discussed the cost of boats on this group. At least one person sid 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. more proof that the right hates the middle class. nothing changed for the middle class in terms of attiitudes. what DID change is the financial sector's rapacious GREED in inventing new financial instruments and using these to transfer MASSIVE amounts of wealth FROM the middle class TO the rich by bush's tax cuts, lack of sharing increases in productivity, etc there's a reason the GINI coefficient, which measures income inequality, is the WORST For the US vs other democracies. there's a reason the middle class hasnt had a raise in 30 years....and that reason is GREED on the part of wall street and others who control the economy you have NOTHING but emotion. no data. no facts. you have right wing mythology, fables and fairy tales you use to comfort yourself about why the rich are blessed of god while the middle class deserves poverty 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. PERFECT EXAMPLE of what i'm talking about...you insist that the US, which has the POOREST GINI coefficient has a greedy middle class when it's the RICH who are greedy. you're very right wing. you're a PERFECT example of how ARROGANT the right wing is. No raise in 10 years, says you suck at your job more right wing bull**** NOBODY in the middle class has had a raise; NOBODY dooes the ENTIRE middle class suck at their jobs? WHY is this ONLY in the US? is it ONLY the US middle class that sucks? you are SO filled with bizarre right wing bull**** it's laughable! .. 100% Democrat and Republican and Independent Congress peoples fault. Not Wall Street, not the big banks. really? CDO's went from 1 trillion in 1997 to SIXTY TWO TRILLION in 2007 the financial sector accounted for 40% of GDP in 2007. what value did this bring to the US economy? NOTHING! NOTHING at all. it was GREED. the numbers dont lie. but the right wing DOES. they want to blame the middle class even though the US middle class just takes it year after year after year. They were going along because the government was giving them huge profits. WTF?? how does 'the government' give them big profits? they simply wiped out all regulation, and stole everything not nailed down and you blame the middle class! 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. EXACTLY!! right wing BULL**** said 'smaller govt and less regulation will give the free market a chance to work' and THAT destroyed the US economy. the middle class was NOT at fault |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 21:26:33 -0600, Canuck57
wrote: On 21/07/2010 8:51 PM, bpuharic wrote: On Wed, 21 Jul 2010 20:36:22 -0600, wrote: 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. more bull****. more proof you hate the middle class. which is more logical: 100M middle class wage earners 'lost the ameircan way' (whatever that means) or that a small group of rich, greedy wall street managers simply stole everything not nailed down? answer: the finanical sector accounted for 40% of GDP in 2007. THAT tells you it was WALL STREET, not MAIN street that's the problem 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 corruption in the form of right wing greed which enables the richest 1% to have a 500% increase in income in 30 years...and then it sells this as 'deregulation' and 'smaller govt'. .. Track total government revnue against wages...you will see government outsrips income. And you can't keep having government grow like a cancer. which has NOTHING to do with the fact the financial sector, NOT the govt, destroyed the US economy At some point, DC will go bankrupt. And Obama will have the dubious honor of kicking DC past the tipping point. and it was bush and his right wing buddies who laid the groundwork for destroying the US economy |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 21:28:10 -0600, Canuck57
wrote: On 21/07/2010 8:52 PM, bpuharic wrote: On Wed, 21 Jul 2010 20:24:30 -0600, wrote: guess that means the entire middle class is stupid. No, about 50%. Quite a few middle class make millionaires before they are 50. You get to know them when you are there. Something you will never know. really? then why hasnt the middle class had a raise in 30 years? are they ALL stupid? you have your right wing bull**** about millionaires. and i have the facts. |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 21:36:49 -0700, "Califbill"
wrote: "bpuharic" wrote in message 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 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 one cares. you're not the entire middle class. you simply think you're rich so it MUST be god on your side go ahead. sell that attitude to the millions who cant make mortgage payments, or lose their jobs. |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 20:44:55 -0600, Canuck57
wrote: On 21/07/2010 6:59 PM, bpuharic wrote: On Wed, 21 Jul 2010 20:03:06 -0400, wrote: I'm going to try to guess what you meant to say... Loan applications usually are interested in liquid assets. 401K accounts don't count. I ralize they can be liquidated but loan officers aren't interested in that. 401k's are liquid assets if you take a tax penalty not too bright, are you? and what makes you think loan officers arent interested in money? But you would be wholely stupid to do that, taking money out of a IRA/401k prematurely is about as dumb as it gets. And "rich" people don't look at dumb things as valid options. i agree it's DUMB to raid your 401K. but that is irrelevant in a loan application. Want to be rich, just means you have to do what it takes to be on the right end of that transaction. Save money and loan it to people who will pay it abck with interest. or get greedy and invent new forms of bull**** like CDO's then get george bush, ronald reagan, etc., to call this free enterprise |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 21:04:28 -0600, Canuck57
wrote: On 21/07/2010 7:02 PM, bpuharic wrote: On Wed, 21 Jul 2010 20:26:07 -0400, wrote: bpuharic wrote: On Wed, 21 Jul 2010 18:00:59 -0400, wrote: By the definition of middle class established here ($125K - $250K) it is more like several million. nobody who makes 250K is middle class. Your situation and paranoia will lead you to an early grave if you don't relax. Try turning your computer off for a week, or two. IOW try religion...the opiate of the people? just sit back and let the rich folks have their way? that's good for right wing sheep. not for people who think Yep, we know you will vote for it. Obama is a vote for repression. You just haven't got the tax bill for the "rich" in DC yet. But you will! ROFLMAO!! bush was a religious fanatic. and i dont make capital gains income so the tax changes wont affect me you're completely ignorant of the american scence. you're blind |
ah, yes, the latest on my company 401K
|
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 21:18:54 -0600, Canuck57
wrote: On 21/07/2010 7:29 PM, wrote: On Wed, 21 Jul 2010 21:04:39 -0400, wrote: That doesn't make any sense. If you want to worry about something, worry about supporting the lazy ****s who don't want to work. you mean the wall street hedgefund managers? Those guys work a lot harder than you do. 12 hour days and 6 or 7 day weeks are not uncommon. The thing most people do not understand is how hard rich people work to get rich and stay rich. Greed is a real slave master. Is it greed or desire for independance? I mean this seriously as to me I never looked at it like greed. And never screwed anyone for a dime doing it. it's greed. there's a reason the financial sector accounted for 40% of GDP in 2007 while the US did NOT become more competitive in world markets. the financial sector added NOTHING to US assets |
ah, yes, the latest on my company 401K
"bpuharic" wrote in message ... On Wed, 21 Jul 2010 21:28:20 -0700, "Califbill" wrote: "bpuharic" wrote in message . .. On Wed, 21 Jul 2010 18:22:20 -0600, Canuck57 wrote: 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. the question is, what does this have to do with anything? the issue is the situation of the middle class. that includes joblessness, decrease in wealth (including 401K's, home assets, etc) and the fact we havent had a raise in 30 years while the richest 1% have had a 500% increase in income A few years ago, we discussed the cost of boats on this group. At least one person sid 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. more proof that the right hates the middle class. nothing changed for the middle class in terms of attiitudes. what DID change is the financial sector's rapacious GREED in inventing new financial instruments and using these to transfer MASSIVE amounts of wealth FROM the middle class TO the rich by bush's tax cuts, lack of sharing increases in productivity, etc there's a reason the GINI coefficient, which measures income inequality, is the WORST For the US vs other democracies. there's a reason the middle class hasnt had a raise in 30 years....and that reason is GREED on the part of wall street and others who control the economy you have NOTHING but emotion. no data. no facts. you have right wing mythology, fables and fairy tales you use to comfort yourself about why the rich are blessed of god while the middle class deserves poverty 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. PERFECT EXAMPLE of what i'm talking about...you insist that the US, which has the POOREST GINI coefficient has a greedy middle class when it's the RICH who are greedy. you're very right wing. you're a PERFECT example of how ARROGANT the right wing is. No raise in 10 years, says you suck at your job more right wing bull**** NOBODY in the middle class has had a raise; NOBODY dooes the ENTIRE middle class suck at their jobs? WHY is this ONLY in the US? is it ONLY the US middle class that sucks? you are SO filled with bizarre right wing bull**** it's laughable! . 100% Democrat and Republican and Independent Congress peoples fault. Not Wall Street, not the big banks. really? CDO's went from 1 trillion in 1997 to SIXTY TWO TRILLION in 2007 the financial sector accounted for 40% of GDP in 2007. what value did this bring to the US economy? NOTHING! NOTHING at all. it was GREED. the numbers dont lie. but the right wing DOES. they want to blame the middle class even though the US middle class just takes it year after year after year. They were going along because the government was giving them huge profits. WTF?? how does 'the government' give them big profits? they simply wiped out all regulation, and stole everything not nailed down and you blame the middle class! 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. EXACTLY!! right wing BULL**** said 'smaller govt and less regulation will give the free market a chance to work' and THAT destroyed the US economy. the middle class was NOT at fault Man you'd better slow down. All this ranting will take its toll on your health. BTW.....many of your "middle class" Americans have had increases over the past ten years. They are called merit increases. |
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 http://www.joebrower.com/PHILE_PILE/PIX/FR/crybaby_deluxe.gif |
ah, yes, the latest on my company 401K
On 21/07/2010 10:36 PM, Califbill wrote:
"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. Number one reason people get in trouble is debt. More debt than they can manage. And always more debt than is good for them. Your parents were good role models. And your daughter did what I did, but a less expensive place you know you can afford. Paid it off in 6 years. Then moved up to a larger even better area, paid it off in 5 years. Haven't had mortgage debt since even though I upgraded again as I had the cash for the difference. bpuharics of the world, dime a dozen debt mongers in open denial of the facts. |
ah, yes, the latest on my company 401K
On 22/07/2010 4:21 AM, bpuharic wrote:
On Wed, 21 Jul 2010 21:36:49 -0700, "Califbill" wrote: wrote in message 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 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 one cares. you're not the entire middle class. you simply think you're rich so it MUST be god on your side go ahead. sell that attitude to the millions who cant make mortgage payments, or lose their jobs. Bill's stopy is not quique. Those that are "conservative" and don't worship debt do far better than liberal debt mongers. Thats a fact jack. -- Government has liberals, idealists and lawyers, but where is the common sense? |
ah, yes, the latest on my company 401K
On Wed, 21 Jul 2010 20:47:53 -0400, bpuharic wrote:
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 Well, perhaps Canuck was wrong. You weren't just stupid. You were 'middle class stupid'. I'm middle class, as are my friends (most of them) and neighbors. None of them are whining about the money they lost. It's for damn sure they're not making twenty posts a day trying to convince folks their own stupidity is someone else's fault. -- John H |
ah, yes, the latest on my company 401K
On Thu, 22 Jul 2010 06:42:56 -0400, "D.Duck" wrote:
"bpuharic" wrote in message .. . On Wed, 21 Jul 2010 21:28:20 -0700, "Califbill" wrote: NOBODY in the middle class has had a raise; NOBODY dooes the ENTIRE middle class suck at their jobs? WHY is this ONLY in the US? is it ONLY the US middle class that sucks? 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. EXACTLY!! right wing BULL**** said 'smaller govt and less regulation will give the free market a chance to work' and THAT destroyed the US economy. the middle class was NOT at fault Man you'd better slow down. All this ranting will take its toll on your health. gee. imagine what i'm gonna be like when i still have to work at 70 to support wall street. BTW.....many of your "middle class" Americans have had increases over the past ten years. They are called merit increases. more incredibly stupid bull****. INFLATION ADJUSTED wages have not risen in 30 years are you naturally stupid or do you practice? |
ah, yes, the latest on my company 401K
|
ah, yes, the latest on my company 401K
On Thu, 22 Jul 2010 11:05:17 -0400, John H
wrote: On Wed, 21 Jul 2010 20:47:53 -0400, bpuharic wrote: 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 Well, perhaps Canuck was wrong. You weren't just stupid. You were 'middle class stupid'. knowing that the right wing hates the middle class, i wear your insult as a badge of honor I'm middle class, as are my friends (most of them) and neighbors. None of them are whining about the money they lost that's because they believe the right wing bull****. sheep dont protest as they're led to slaughter. you and your buddies are right wing sheep. you bleat your love for the rich as you go to the slaughterhouse .. It's for damn sure they're not making twenty posts a day trying to convince folks their own stupidity is someone else's fault. no surprise at all. they're too stupid to understand what's going on. |
ah, yes, the latest on my company 401K
On Thu, 22 Jul 2010 06:42:39 -0600, Canuck57
wrote: On 22/07/2010 4:21 AM, bpuharic wrote: On Wed, 21 Jul 2010 21:36:49 -0700, "Califbill" wrote: s. you simply think you're rich so it MUST be god on your side go ahead. sell that attitude to the millions who cant make mortgage payments, or lose their jobs. Bill's stopy is not quique. Those that are "conservative" and don't worship debt do far better than liberal debt mongers. gee. that biggest spenders in history are conservatives. |
ah, yes, the latest on my company 401K
On Thu, 22 Jul 2010 06:37:25 -0600, Canuck57
wrote: Number one reason people get in trouble is debt. More debt than they can manage. And always more debt than is good for them. more bull****. you guys are clueless ever wonder why, all of a sudden the ENTIRE middle class is having problems even though this was not a problem 10 years ago? gee...is it a change in the middle class OR a change in the policies of wall street. well, let's look at evideence, shall we? 1997 CDO's 1 trillion 2007 62 TRILLION yeah i'm sure the middle class had a BIG role in that... god...you guys would drown in the rain if seomeone didnt take you in bpuharics of the world, dime a dozen debt mongers in open denial of the facts. US houselhod wealth 2005 65 trillion 2009 55 trillion so tell me how the middle class caused this. you're such an idiot. |
ah, yes, the latest on my company 401K
|
| All times are GMT +1. The time now is 06:41 AM. |
Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com