neglus
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posted on October 7, 2008 06:10:51 PM new
There's another reason not to vote for McCain!
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
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pixiamom
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posted on October 7, 2008 06:25:48 PM new
Snicker...
Why isn't Obama discussing the impact of McCain's/Bush's war on the economy? Edited to add, I really loved the health coverage reform proposed by Obama. It Is brilliant and so superior to McCain's. I wish the economic crisis had not pushed other urgent matter facing Americans, i.e.; the war, health care reform, global warming into the far background.
Edited to add, finally the cost of the war has come up!
McCain knows how to get Osama Bin Laden - Give it up John!
[ edited by pixiamom on Oct 7, 2008 07:17 PM ]
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ggardenour
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posted on October 7, 2008 07:09:46 PM new
OMG NO! I thought the same thing when Mccain suggested Whitman. Are you friggin' kidding me! Tanking eBay and walking out with millions wasn't enough. What she going to do? Trash the entire US economy and walk out with billions?
I'm moving to Mexico since thats were all our jobs are.
Little side note: General Motors just got 24 billion from the gov't and the plant down the road that is a GM supplier has been told by GM that it has to move half its production to Mexico by Mid-year.
We got some major problems and McCain & Whitman are not the answer.
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pixiamom
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posted on October 7, 2008 07:14:45 PM new
That is the other big issue I hope will be discussed, export of US jobs to where ever.
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ggardenour
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posted on October 7, 2008 07:29:04 PM new
I think it was Ross Perot that said if NAFTA was passed that all we would hear would be a big sucking sound of our jobs going to Mexico
I miss that spunky little guy with his charts. Turns out he was right.
Jobs are going south to Mexico and the Mexicans keep trying to come here. Just can't get my little brain around that one.
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pixiamom
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posted on October 7, 2008 07:31:04 PM new
I was a big Perot supporter during my Libertarian days... even volunteered in the local Perot community.
[ edited by pixiamom on Oct 7, 2008 07:32 PM ]
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ggardenour
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posted on October 7, 2008 07:54:56 PM new
I voted for Perot. It was Perot or Dumb & Dumber. Well we know how that went down and here we are.
We voted Jimmy Carter out of office because he hit us between the eyes about dependence on foreign oil and here we are.
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pixiamom
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posted on October 7, 2008 08:08:45 PM new
Sigh, I really miss the likes of Mark Hatfield, a republican senator who steadfastly opposed nationalistic wars and spending. God bless him.
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deichen
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posted on October 7, 2008 08:33:34 PM new
I could not believe he suggested Meg. OMG, does he know where ebay is right now? Such a popular venue, raise fees, raise fees, raise fees. LMAO
A poll is not a prediction. It is a snapshot of how people are thinking right now.
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roadsmith
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posted on October 7, 2008 09:30:53 PM new
I couldn't believe my ears when McCain mentioned Meg Whitman! Good grief.
_____________________
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desquirrel
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posted on October 7, 2008 11:10:00 PM new
So let me get this straight. The consensus is XXXX (whoever that may be) sent and/or is sending all the jobs overseas and YYYYYY (whoever that is) will fix it.
So American companies are going to pay an American 3 or 4 times what foreign costs are to screw together their products and then compete with the foreign companies. Is that about right?
Did anyone ever check off an economics elective in high school or college after their poly-sci credits? Choose virtually any economics textbook and look for the chapter usually entitle "The Evolution of Economies".
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pixiamom
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posted on October 7, 2008 11:40:15 PM new
Squirrel. let me make this easy for you. Eight years ago, America was prospering. Today, we are on the brink of economic collapse. What conclusions cannot your squirrel brain draw?
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cashinyourcloset
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posted on October 8, 2008 04:19:13 AM new
Well, Squirrel might be thinking right here for a change.
The US has not been competitive in manufacturing for quite some time. We are world class in developing software and complex financial instruments. One of those is still working well for us. You can't stop the migration of jobs until you're competitive, and then it will magically stop or reverse. Since we're unable to compete on the basis of how cheaply we drive screws, we're going to have to compete on the basis of what we're driving screws into: the design, technology, and smarts of our products. The nimrods in Detroit were too busy listening to themselves only and thinking about their short-term rewards to do anything smart. The corporate incentives they work under naturally lead to that, and it is too much to hope for that they'll be long-term thinkers who sacrifice personal gain today for rewards down the road.
We have become a nation of consumers whose work output doesn't quite cover what we spend. That joke had to come to its punchline eventually, and it painfully has. The stuff will REALLY hit the fan when the creditors get tired of our promises to pay.
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cblev65252
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posted on October 8, 2008 05:15:49 AM new
When I heard McCain mention Meg Whitman I heard a collective "OMG" from eBay sellers nationwide. He's clearly out of touch. He's clueless on that one.
Cheryl
Whitman said she and McCain share a philosophy of scaling back the role of government. a point of view partly shaped by her EBay experience. "The EBay model is very Republican in its essence -- it's about making a small number of rules and getting out of the way while not overtaxing the community," she said.
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ggardenour
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posted on October 8, 2008 05:57:07 AM new
In a nutshell our personal debt aka The National Debt is what is really the crux of the problem. Guess what caused the great depression? Folks over-extended credit couldn't pay the bills let alone buy more crap so you have job loss and the stock market crashed. Hmmm.. sounding familiar
Credit Cards were illegal unti the 70's. There was a reason for that.
Spending 10 years in finance for a car dealer I would get folks in my office that grew up in the depression and asking those folks to finance anything was impossible. They found it insulting. If you didn't have the cash you didn't buy it.
On the other hand younger folks would come with 20k in revoling debt (credit cards) A mortgage payment they couldn't afford and want to pile on another 30 grand of debt with another 10K in interest AND the banks would loan them the money!
I did not and would not do subprime loans. They just took advantage of people that could least afford it.
He who is in debt is nothing but a slave.
The McCain & Whitman ticket is not for me.
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hwahwa
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posted on October 8, 2008 06:01:08 AM new
Meg Whitman understands the little guys and the healthcare issue and the day to day struggle to put food on the table.
Ebay allows anyone,everyone to sell,thats why it has to impose so many rules.
It could pre qualify the sellers and make it an exclusive community for those who are allowed to sell,but then it would not have any bargain and a never ending array of goods coming online every day from different parts of the world.
*
Gulag-a Soviet era concentration camp is now reincarnated as EBAY with 13,000 rules.
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deichen
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posted on October 8, 2008 06:13:17 AM new
Meg Whitman understands the little guys and the healthcare issue and the day to day struggle to put food on the table.
OMG, you are clearly out of touch.
A poll is not a prediction. It is a snapshot of how people are thinking right now.
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cashinyourcloset
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posted on October 8, 2008 07:32:39 AM new
ggardenour,
Last year, we bought a new car, as we always do, for cash (well, a cashier's check). It was an upscale car, but the dealership acted like a chicken with their heads cut off. They were asking each other: what's the procedure for cash? when do we give them the title? etc.
They even called us into a room and had a guy try to tell us how we were cheating ourselves by paying cash, because we could invest that money instead and make more. I wonder how that's working for everyone.
I'm sure that the dealers are really enjoying the return of all those SUVs after the short leases are up. Unless they really cooked the residuals, they're way under water.
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desquirrel
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posted on October 8, 2008 10:52:22 AM new
You think car dealers lose money on leases????
Did you ever p/u Consumer Reports Auto Issue??
"let me make this easy for you. Eight years ago, America was prospering. Today, we are on the brink of economic collapse."
Let me make this VERY simple for you. The current "crisis" was as clear as day. In posts a year or more ago I "predicted" it merely by repeating what my broker told me. And for the most part for every stupid person "collapsing", there is somebody with half a brain making money. The unfortunate ones are those with 401K plans, etc, over which they have no control.
And the current "crisis" was caused by mortgage revisions MADE IN 1999, and I guess Clinton's Fannie Mae head must have been clairvoyant also because he too was able to prognosticate the probable outcome AT THE TIME.
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ggardenour
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posted on October 8, 2008 10:59:21 AM new
I leased a lot of cars and trucks when I was in finance. Cash was always welcome and I knew what to do with it. Just had to report cash to the gov't if over 10k. Suspected drug money.
I have always leased my cars because it protected me from the downside of the market. One thing I learned in 25 years in retail was that there will be down turns but on the other hand there will always be a upswing around the corner.
GMAC has stopped leasing all together because truck and SUVs have tanked so if you leased one you go in and say here's your keys see ya, love ya, bye.
The best investment today is to pay-off outstanding debt.
Obama & Buffet thats the ticket!
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cashinyourcloset
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posted on October 8, 2008 11:07:35 AM new
Squirrel,
I understand that the leasing/financing division is a money maker. USUALLY. Usually car dealers make a lot of money on leases. OTOH, if they miscalculated the residual value at the termination of the lease, and now can't give away a gas guzzling SUV that was just returned to them by the leaser, they are under water.
Ggardenour, we paid with cashier's checks  No drug money in my home except for that negative money that goes out every month for prescription drugs.
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desquirrel
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posted on October 8, 2008 11:38:33 AM new
Dealers don't lose, the mfg might lose because for the most part American mfg subsidize their lease rates to move cars they can't sell.
I'd vote for Buffet in a second, but I doubt you'd see Buffet anywhere near Obama. LOL
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neglus
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posted on October 8, 2008 12:11:11 PM new
Sorry to disappoint you squirrel but Buffet has endorsed Obama and Obama consulted him about how to handle financial crisis. Evidently McCain didn't get the memo
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
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deichen
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posted on October 8, 2008 12:13:55 PM new
Neglus,
You beat me to it. Yes, Warren Buffet supports Obama in the Presidental race. Squirrel will have to cross another person off of his list.
A poll is not a prediction. It is a snapshot of how people are thinking right now.
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ggardenour
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posted on October 8, 2008 12:17:03 PM new
Of course the dealers make money. They make money no matter how the car gets paid for. It's all cash to the dealer. The lease companies and banks are the ones taking the gamble. They got out the little crystal ball and tried to guess what a car would be worth 3, 4 even 5 years down the road and they wonder why they are losing their butts.
If Consumer Reports says a car blows up at stop signs and railroad crossing the resale value tanks. What is hot today will not be hot in 4 years duh.
CASH transaction over 10k have to be reported if it was real cash (yes some people paid with real money) Money Orders, Cashiers Checks or Personal Checks do not have to be reported by the dealer. It falls on the bank to report it. So if anyone is laundering drug money to make the mortgage keep your transaction under 10k cash.
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desquirrel
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posted on October 8, 2008 12:25:49 PM new
If you think somehow an Obama presidency would implement any fiscal changes developed by Warren you're doubly delusional.
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cashinyourcloset
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posted on October 8, 2008 12:38:25 PM new
I once made the mistake of taking out 11K in cash, and then spent a good 20 minutes filling out forms (which were made complicated because it was my wife's account but she wasn't there). Next time it's $9,900 one day, and the balance the next... not that I often need that much cash on hand.
I've never had to fill out forms for cashier's check in excess of 10K.
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neglus
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posted on October 8, 2008 01:25:26 PM new
Squirrel - Oh I do very much believe Obama will follow Warren's (he went to my dad's high school and I used to play bridge with his next door neighbor so I feel like I can call him by his first name) advice. Don't tell me you believe the caca that Palin and McCain are spewing about Obama squirrel.
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
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deichen
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posted on October 8, 2008 01:41:14 PM new
If you think somehow an Obama presidency would implement any fiscal changes developed by Warren you're doubly delusional.
What we said was Buffet supports Obama. I know this is a great surprise to you. Get used to it. Checked the polls?
A poll is not a prediction. It is a snapshot of how people are thinking right now.
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hwahwa
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posted on October 9, 2008 06:14:59 PM new
Did Buffet really say he supports Obama?Or just he was consulted and he agrees with some of Obama's ideas?
Meg Whitman understands the little guys as she presides over Ebay which is about person to person selling.
Some of you have turned sour on Ebay and Meg as it is no longer fun and profit doing Ebay.
Some of you would not do well running a brick and mortar store either,so why blame it on Meg?
Why not look at yourself in the mirror and ask what have you done wrong and how can you make improvements ?
No offense,just a suggestion!
*
Gulag-a Soviet era concentration camp is now reincarnated as EBAY with 13,000 rules.
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