On Thu, 22 Jul 2010 11:32:25 -0400, wrote:

On Thu, 22 Jul 2010 06:30:16 -0400, bpuharic wrote:

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

Where do you think the money for your retirement will be coming from?

that's the problem. there is none.


The whole basis for everyone's pension, 401k and IRA is that Wall
Street sector you seem to hate.

gee. that's why i'll have to work, like millions of others, until i'm
70

so you're right. wall street has our money for retirement

which means no one can retire. thanks. i already knew that

Retirees are by definition not adding
anything to the economy, they are living off of it.
The same is true of everyone on Social Security. You better hope Wall
Street stays 40% of the economy if you want your 401k to be worth
anything when you start sucking off the public tit.

bull****. wall street produces nothing. there is no value added in
trading CDO's

you know **** about business. if what you say is true, then why is the
economy a disaster?

answer: because too many people believe as you do.

"bpuharic" wrote in message
...
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?


No I'm not stupid. When you say that ALL middle class workers have not had
a raise above inflation YOU are patently WRONG. Don't you believe that
qualified workers get "merit increases"?

I'll be 70 next month and I'm doing just fine. I truly feel for you and you
negative outlook. I'm serious, with your attitude you will probably not
make 70.

Now I'm off to the Hard Rock casino to enhance my lifestyle.

On Thu, 22 Jul 2010 12:41:31 -0400, "D.Duck" wrote:


"bpuharic" wrote in message
.. .
On Thu, 22 Jul 2010 06:42:56 -0400, "D.Duck" wrote:



more incredibly stupid bull****.

INFLATION ADJUSTED wages have not risen in 30 years

are you naturally stupid or do you practice?


No I'm not stupid. When you say that ALL middle class workers have not had
a raise above inflation YOU are patently WRONG. Don't you believe that
qualified workers get "merit increases"?

really? where's your proof? because here's mine.

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

WHERE ARE THE REAL INCREASES IN WAGES??

you scream that they exist

where are they??


I'll be 70 next month and I'm doing just fine.

when you become the entire middle class, let me know.

I truly feel for you and you
negative outlook. I'm serious, with your attitude you will probably not
make 70.

neither will 100,000,000 other middle class americans.


Now I'm off to the Hard Rock casino to enhance my lifestyle.

yeah. tell us again about all those raises we got.

"bpuharic" wrote in message
...
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?


Why should someone get a raise above inflation? Did they improve the bottom
line? Those that get raises get merit raises. I got those when I worked,
but I also help produce increases in income. Just because you were there a
year, you do not deserve a raise above inflation, maybe not a raise at all.
If you are doing the same amount of work and producing the same amount of
widgets per year, and the cost of widgets went down, you should get a
decrease in pay. Raises are not an entitlement!

"bpuharic" wrote in message
...
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.

I am not rich. A long ways from rich. I do not own a G5 airplane, or a
mega yacht. Comfortable, but that is because I lived on 75% of my income
and saved the rest. You should be in the lower rich or the super
comfortable range. engineer and wife who is an attorney. My wife only
worked part time while the girls were in college. She was a stay at home
mom when they were in primary schools. 100's of thousands can not make
mortgage payments because they bought more house than they could afford!

wrote in message
...
On Wed, 21 Jul 2010 20:58:08 -0700, "Califbill"
wrote:


doesn't Obama also employ Paulson?

No he is teaching now.(Johns Hopkins)
insert joke here

I was never a fan of his, but I'll give him credit that he actually tried to
do the right thing and got Bush to listen. Sort of on the order of Nixon,
who also opened up China.

"bpuharic" wrote in message
...
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.


Maybe previously, but the liberals in charge have spent more in the last 18
months than almost all the conservatives combined.

wrote in message
...
On Thu, 22 Jul 2010 06:29:12 -0400, bpuharic wrote:

You keep talking about unions, form one.

in the US you can't form a union without getting fired.

You missed the whole concept of unions. The point used to be that the
workers were so important to the operation that you couldn't fire them
all. Are you saying that you are so expendable that if your whole
office walked out, the company could replace you immediately?
We may be touching on why you haven't had a raise in 30 years.

I know the world thinks unions are all just take but I grew up around
the people who built the Teamsters union (yes I knew Hoffa) and there
was a lot of pain in that process.
BTW the biggest union busters in government were democrats.
I also understand in a NAFTA/GATT world, unions are not really going
to work until you can organize China, India, Mexico and Vietnam. It is
not an American problem.

Thanks for the perspective.

wrote in message
...
On Thu, 22 Jul 2010 06:30:16 -0400, bpuharic wrote:

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

Where do you think the money for your retirement will be coming from?

The whole basis for everyone's pension, 401k and IRA is that Wall
Street sector you seem to hate. Retirees are by definition not adding
anything to the economy, they are living off of it.

Well, that's not really true. They're spending their money in many ways that
contribute. If they just hoarded their money, the economy would be much
worse off.

The same is true of everyone on Social Security. You better hope Wall
Street stays 40% of the economy if you want your 401k to be worth
anything when you start sucking off the public tit.

Unfortunately, 401Ks and IRAs (except Roths) aren't really great for
retirement instruments. People forget about the tax consequences of
withdrawing money. Tax rates are at historic lows. They will rise, and one
needs to factor that in when planning for retirement.

"bpuharic" wrote in message
...
On Thu, 22 Jul 2010 11:32:25 -0400, wrote:

On Thu, 22 Jul 2010 06:30:16 -0400, bpuharic wrote:

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

Where do you think the money for your retirement will be coming from?

that's the problem. there is none.


The whole basis for everyone's pension, 401k and IRA is that Wall
Street sector you seem to hate.

gee. that's why i'll have to work, like millions of others, until i'm
70

so you're right. wall street has our money for retirement

which means no one can retire. thanks. i already knew that

Retirees are by definition not adding
anything to the economy, they are living off of it.
The same is true of everyone on Social Security. You better hope Wall
Street stays 40% of the economy if you want your 401k to be worth
anything when you start sucking off the public tit.

bull****. wall street produces nothing. there is no value added in
trading CDO's

you know **** about business. if what you say is true, then why is the
economy a disaster?

answer: because too many people believe as you do.


Not sure how old you are, but if you're in your late 40s, there's still time
to have a shot at a decent retirement income. You might want to consider
alternative instruments, such as a modified whole-life insurance policy.
They're not just about death benefits. There are some that will give you a
payout that is tax-free income between say 70 and 85, and still leave you
some cash balance without taking away from the death benefit over much. I'd
suggest talking to a reputable agent, e.g., New York Life or another of the
biggies.