Comments on: Comment from today’s post …

By: Heather

Heather — Thu, 19 Nov 2009 16:14:10 +0000

We may need to be careful harping on the Govt in any way as they seem be the ones to jump in at times and bail us out (no matter if we respect/agree how the ydo it or not). ex. 1. large population overweight and healthcare going up so many do not have healthcare- Govt has to get in and manage healthcare issue now 2. we do not manage money wisely and live on credit then while system fails.. Govt jumps in try and save 3. many can not save for even retirement rather have to rely on social security to retire (soc sec that govt manages/ created). You point one finger and notice three point back at you. WE have been failing with many facets of life and need to make a difference… Lets pray to change.

By: kim yoders

kim yoders — Fri, 31 Jul 2009 13:49:42 +0000

Hey this kim and Greg email is at our persanol email we are in north carolina and wondered if we could stop bye email us and let us know if that’s ok this is our persanol email we are emailing you on

By: 17 Economists on recessions, stimulation plans, and what they might mean to you | On Financial Success

Fri, 22 Feb 2008 18:56:45 +0000

[...] Other bloggers are using polls to gauge readers’ opinions, no matter how crazy the opinions are. One of Joseph Sangel’s readers actually accused him of starting the recession! [...]

By: Corbett Reeves

Corbett Reeves — Tue, 05 Feb 2008 17:25:22 +0000

Recession… so that means our economy is getting smaller, right. Since our economy is currently swollen like a bloated dead animal because of its dependency on credit, maybe a recession would be a good thing. Imagine that… an economy based on sales, not owed interest.

By: Matt Singley

Matt Singley — Sun, 03 Feb 2008 17:51:31 +0000

Simple economics: the economy is stimulated by spending, not debt. If you buy Charmin with cash, not credit, the economy will still be stable and you won’t be standing in the soup line…

BTW, in terms of purchasing investment stocks, it’s a great time. Buy low, sell high, yes? If you are in it for the long haul this is a fabulous time of opportunity. If you are in it to flip a quick dollar, well, you’re going to be very disappointed.

By: I'm not bitter or anything

I'm not bitter or anything — Fri, 01 Feb 2008 02:48:14 +0000

All right all you koolade drinkers. I hope you remember my words when your standing in a soup line with a chaffed rear because you had to wipe with the pages of “I was Broke, Now I’m not” because you couldn’t afford Charmin.

By: Bob

Bob — Thu, 31 Jan 2008 20:24:16 +0000

I’m not bitter — While I’m assuming you’re joking about the cause of the recession, I could not resist adding my $.02…

Over spending by our entire country, especially the gov is exactly what has put us in this position. We are slowly but surely selling ourselves to foreign countries like China, who is buying up our debt at record rates, waiting for the time when they can call it all in.

Cutting the spending will have a short term, negative impact on the economy, however, the long term results will be a much healthier nation – One that has its finances in order and is not selling ourselves into slavery to foreign countries. It’s time we take responsibility for our actions, pull in our spending, stop borrowing every dime (including the rebates that are being voted on now) and get this country moving back in the right direction.

By: Jeff Gibson

Jeff Gibson — Thu, 31 Jan 2008 05:24:03 +0000

I’m ok with my 401k being a 301k right now. I’m still buying!!!

By: ROn

ROn — Thu, 31 Jan 2008 04:58:44 +0000

HA! Got to wonder where this “genius” came from. Lets say for instance, In an economy where 90% of your goods come from a foreign country then where is 90% of your countrys economy going… into another country, not yours. An exageration… sure… but you get the point. Sooner or later your economy is going to start to go under. It takes no genius to figure that one out.
Spend more than you make… sooner or later you have to stop spending… or file bankrupcy and let others bear the consequences for your inadequacies and mismanagement. SOmeone has to make up the difference. This is where the good managers are being forced to pay for the poor managers.
What about a Christian Credit Card Company to charge a decent interest rate like “prime”…. Built the right way, to topple the ravenous beast that currently exists. Reward prompt payment with subprime rate… No interest jacking… forced savings equal to credit limit increases…ect. One that seeked to build up the members and teach proper money management or required classes for membership. Savings rewarder at higher than bank rates.
A dream I know… but think how it might grow???

By: Chris Thomas

Chris Thomas — Thu, 31 Jan 2008 02:55:46 +0000

Some people just ain’t smart.

First, a recession will only occur after our economy goes through two consecutive quarters of loss. Slowed growth does not equal a recession! A slower growing economy, sure, but not a recession.

Second, the mortgage “crisis” (I use that term lightly because the vast majority of Americans are okay with their mortgages) is probably what is primarily responsible for this slowed growth. Instead of buying the $180k house they could afford, a lot of people used interest only loans to get into that $400k house they really liked. Now the payments are going up on those adjustable rates and those people are feeling the pinch. Feeling the pinch = spending less in the marketplace. Carrying debt, not the freedom from it, is what got these people where they’re at.