Thank you George Bush and all of your blood sucker friends. Don't say it isn't your fault. IT IS YOUR FAULT and the BOZOS that elected you. How does it feel?
POed
of MS
@
Sep 16, 2008 15:36:00 PM
Savings Bond Drive!!!
Isn't it time to wake and smell the coffee and all Americans to rally together and beat this financial meltdown nonsense by calling for a National Savings Bond Drive to finance our debts, wars, government, troops, families, economy, etc... By reducing our interest payments out of the US economy and increasing our investment in our nation we may begin the process of reducing the turmoil in our markets. We have stretched from the days of buying savings bonds for our children's future while in grade school to mortgaging our children's future for eternity simply because of easy credit and quick draw plastic. The 1930's and 1940's saw horrendous economic and World War challenges yet the whiners were few as they all knew it was a moot point to whine when there was work to be done. Modern days reveal a nation of whiners when our cell phone batteries die or Playstations have software problems. I just don't understand the fascination of spending 24/7 versus saving just a little. I've aways found I enjoyed my toys more if I had saved ahead ecause then I knew it was mine!!!
Ray Fisher
of NM
@
Sep 16, 2008 14:54:39 PM
We will become a nation of savers when it pays to so so. Having a Fed holding interest rates for bank savings at rates half of inflation for years is a crock. Who wants to buy overpriced stocks. Get CD rates to 7% where they ought to be.
Then buy stocks after they have fallen---as they should have already.
of
@
Sep 16, 2008 13:15:21 PM
I don't invest because I have no extra income, so I guess I'm not too worried about plunging stock portfolios. I'm more concerned about food and transportation prices. If the Fed decreases interest rates again, it will be good for all those private student loans I have and what credit card debt I am carrying.
On the real upside, maybe we'll become a nation of savers again. My 70-something grandparents are both retired with a nice fat mutual fund and bank account to survive on. They never went on vacations they couldn't afford, or bought cars they didn't need. They invested conservatively and can live out their last years without worrying too much.
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
POed of MS @ Sep 16, 2008 15:36:00 PM
Ray Fisher of NM @ Sep 16, 2008 14:54:39 PM
of @ Sep 16, 2008 13:15:21 PM
Veronica of NY @ Sep 16, 2008 12:16:52 PM
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