Lower Thermostat, Get Rid of SUV's, and Save

Discussion in 'Current Events' started by Annie, Feb 2, 2009.

  1. Annie
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    Annie Diamond Member

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    Seems everyone, well almost everyone, got the message:

    knoxnews.com: News stories by the Associated Press

    But now it's not the 'answer.' :lol:
     
  2. editec
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    editec Mr. Forgot-it-All

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    People are now saving and not spending?

    The FED is keeping the interest rates down?

    Meanwhile, the government is borrowing and pumping money into the economy that they do not have?

    Hmmmmm...

    This sounds like a good time to go into debt to purchase investments with real intrensic investment value to me.

    Assuming that one can cope with the debts during times of an economic depression, I mean.

    I have still have a line of credit...maybe Spring is the time to fix up my shed to convert it into that rental unit I know it could be.

    When my wards move out (and that will be fairly soon, I expect) this home is too big for me.

    Maybe I'll rent out the house for the summer (rental complete with a gardener and caretaker - me) who lives in my shed.

    Interesting times, these.
     
  3. WillowTree
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    WillowTree Diamond Member

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    George Boooosh told us to go shopping. obamalama said that was a disgrace, we were not supposed to go shopping. so now obamalama is in his 88 degree shirt sleeve suana called the WH and I'm not going shopping. I'm done shopping. I hiding all my money.
     
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  4. jillian
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    jillian Princess Supporting Member

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    Individually, savings is good. But you know that for purposes of our overall economy, spending is better, right?

    Of course you do. Just more spitballs. And I'm not quite sure why. Isn't it in all of our best interests for the economy to improve?

    Silly moi.
     
  5. WillowTree
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    WillowTree Diamond Member

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    and the hypocrites on the left laughed, chuckled derided and called Bush a "moronic chimp" when he suggested we go shopping.. [​IMG]
     
  6. jillian
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    jillian Princess Supporting Member

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    perhaps because that was the Bush's only answer... while they raped our treasury and enriched their oil company and banking buddies.
     
  7. ReillyT
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    ReillyT Senior Member

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    You are right. "Now" it is not the answer.

    When we were relatively prosperous, it would have been better for the entire country if we had saved more and spent less through credit (and for the Fed to have managed interest rates better). Now that the wheels have come off and the country is in a recession, it would be better for us to spend rather than save. Different times call for different measures.
     
  8. Chris
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    Chris Gold Member

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    It is an incredible time to buy a house because prices are cheap, and the interest rates are so low that you could rent it out in the future for the cost of the mortgage.
     

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