ZenLunatic

Dont think Cubs will resign Kerry Wood. Too bad, dont care too much really. Any you guys interested in having him?

Total nerd pint glass. I like Bells, I usally get the brown ale but havent had it in a while.

Social security is a gonna fail. Yeah people are counting on pensions and social security and they will be disappointed when it doesnt come because its run very poorly. Its not really secure. I think this is the reason companies are not really doing pensions anymore, its harder to rely on and maintain. These things are of the past in my opinion. 401k or IRAs makes more sense. I think we need to stop the social security program. My advice to the young, dont count on social security to be there. Save your own and protect your wealth on your own. Dont count on social security or pensio

Delerium Tremens & Newcastle

I think there is a lesson to be learned here. Your benefits comes from a company and your benefits are only good if that company is good. There just isnt anything more to it than that. Those are the rules. Learn to lose gracefully. Beware that your company can go under. Unknowing of the rules doesnt excuse anything. It is a bad situation for the people that were promised certain benefits or money, that's why the heads of these companies need to roll. This kind of bad business needs to be punished harshly.

I have a job and pay for my health insurance that it offers. If I lost my job or my company went under, I wouldnt be crying because I have no health insurance. I would understand that the way it works. People arent giving up health insurance for the greater good, the company they relied on failed them.

I dont know much about healthcare or what it takes to get universal healthcare so I cant say, but if you're company supplied you health insurance and your company went bankrupt, you better get some on your own. You can ask for universal healthcare as a right when no program exists.

I dont know who will be the strongest nation, maybe not one country like America anymore. China seems to on the right track. I think we are broke and in serious money trouble. We are borrowing tons just to stay alive and there is not end to the borrowing in sight. That constitutes broke to me, others may have differing definitions. For us to start paying back, we need to start making money. For us to start making money, we have to stop spending and save and produce. Right now, we are recklessly spending to keep afloat bad business that dont make money. Putting forth bad policies to t

responsibility

Well I think there is a misunderstanding with a part of our talkings. I am not saying anything about China taking over us or even want that. I an American born and raised. I am just noting how their situation compares with ours. At this point we are still the world power, I know. But thats gonna change. You have to have money to be powerful. I think the mentality that we are the world power and we have to survive for the world to survive is what will doom us. Because the fact is that the rest of the world can survive without us. All we do is consume. If we cant consume anymore, the

Anyways, thanks for letting me vent here.

I can only say this. Let's see how this whole bailout thing works out. Let's see where are in a few years, maybe at the end of Obama's term. Let the history books mark this horrific event and how it was handled. Just like the Iraq war.

right now

I am not advocating any kind of policy. I just think alot of the decisions we made and are making are horrible. Right now, we should not bailout the auto industry but it will probably happen. The question about if the rest of the world can survive without America is the main question. They have to and China is trying and that was the point of the article. The other countries will suffer from our losses but they will forge on only if they disconnect from our dollar. If they cant figure out that they can survive without us, then we will bring them down with us. First off, they can save a

Thats the small picture. Of course we need credit, but we have to take the signs. If companies have come back and back for more money, maybe they arent good business and need to die. Maybe if people cant afford to go to college or live in houses, maybe the price of houses and college needs to come down to a level people can afford. I'm just saying let it happen. Credit is needed, but you cant just look at it that simply. You have to look at what got us here and what the market is saying. We cant keep minipulating the market so we keep prospering.

Im not trying to compete with China. At this point we are still the strongest nation, but we are crumbling and China is growing.

We are broke because our credit market just broke. We have like a 10 trillion national debt, problems with SS, and whatever else. There is a $700billion bailout on top of whatever else we are trying to fix. The dollar still has value now, but my point is that it will wont if we keep going on this path. When you print more money, it devalues whatever is out there and thats where we are headed, to massive printing. The value in the dollar right now is not from sound fundalmentals. It is from the fear of dropping equities. People are cashing in. Its a temporary move before the bottom fal

More than that, China isnt broke like us. They have money. It's there way of trying to increase domestic demand so they dont have to rely on our consuming country. Investing in themselves instead of us. Their way of breaking away from the dollar and not letting us drag them down with us. We are going down, how many countries do we bring down with us is up to the other countries themselves.

YES, bailout for USA is wrong. China is creating a stimulis and they can do it because they have trillion of US treasuries. They have money to spend on themselves. Their country is struggling and they are using the money to stimulate the economy. Therefore, less money for us, because thats China is one of our biggest lenders. Thats who we count on to fund our stimulis and bailouts. They are spending our dollars that they saved up over the years to build their country. Not only do we have less money coming to us, our treasuries will probably on sale from China making it harder for sel

The world no longer revloves around America. We will suffer. Depression is just getting started.

We are the fuckin idiots. Our country is going down in flames and they are making the smart move. Our leaders are the worst businessmen because we are cocky.

November 12, 2008 China Gets It Right, But Hurts America by John Browne The announcement of a massive stimulus package of almost $600 billion shows that China means business not just in reviving, but also in rejuvenating its economy. As both America and China confront the prospect of a global depression, both countries have chosen to fend off potential unrest with liberal government spending. But the Chinese move is bolder and more likely to succeed. The most remarkable aspect of the Chinese stimulus plan is its enormous size. Despite the massive publicity surrounding its formidable

Benefits is one of the problems. People need to lose them. The company they worked for and depended on failed them. Thats the consequense. They shouldnt get bailed out by taxpayer money.

I agree with this totally. Looks like the best solution can be bankruptcy so GM can break away from Union contracts and relook at everything. I think we are going to see a whole new US auto industry which is what is needed. Happy that the 700 biliion bailout will not be used for autos but mad at the fact they are changing the rules and unclear about what the overall plan is.

$700billion bailout not yet for car industry. Sorry, gotta wait. GM may have to go into bankruptcy given current timeline.