a. palmer jr.

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  • What Happened to the American Dream?
    Another problem could be put squarely on the shoulders of the "little guy" and that is the little guy trying to keep up with his neighbors by borrowing money that he hasn't the means to pay back. We all think we are entitled to a new car and house as soon as we graduate from high school. Earlier generations wouldn't dream of those purchases until they had quite a bit of money in the bank and a decent job. The best thing to happen to us would be for banks to refuse loans to people who can't show means of repayment.
    Dec 25 11:04 am |Rating: +6 0 |Link to Comment |View article
  • Does the Auto Industry Deserve To Be Bailed Out?
    I kinda got a laugh at the Representative who asked the CEO's how they got there. It's kinda like the Senators, Sec of State, Pres. and Vice Pres. flying around in planes paid by taxpayers when our government is trillions of dollars in debt!!
    Nov 22 09:42 am |Rating: +6 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    As far as GMAC and the banks go...why would they ever have loaned money to anyone that couldn't repay; I still don't get it.
    As for business..I don't see anything secure except funeral homes and the lawyers who draw up the bankruptcy papers.
    All this bad news is probably good for us in the long run. It will teach us to live within our means like most people used to do.
    I remember back when I was just starting school that when a neighbor bought something new such as a car or major home appliance it meant that he was doing well. When I see a neighbor doing that today it means to me that he has refinanced his loan.
    In the future I hope loans will be harder to get and interest rates will rise so that people will only buy what they can afford and the rest of us won't be called upon to pay their loans off for them.
    Dec 30 10:36 am |Rating: +5 0 |Link to Comment |View article
  • Macy's' Problems Have Just Begun
    bindlepete, maybe Mel Gibson will make a movie about your vision of the future.
    Dec 30 00:20 am |Rating: +3 0 |Link to Comment |View article
  • What Will Become of eBay?
    We seem to have missed another point why sellers leave ebay, and that is the increasing fees that ebay imposes. Along with the postage increases due to the fuel increase (which didn't go down when fuel prices went down) it just isn't profitable to sell anything on ebay unless you had the merchandise given to you or you stole it!!
    Dec 22 19:16 pm |Rating: +3 0 |Link to Comment |View article
  • Auto Industry Watch: You Can't Get Different Results Doing the Same Thing
    If the UAW automakers take wages and benefits equal to the Asian automakers in the US, then they would be netting less money because the UAW people would still have to pay union dues each month. I'm not sure how much that is, but when I was a union worker it was a substantial amount each month. Maybe the UAW could also lower the union dues!!
    Dec 14 11:41 am |Rating: +2 0 |Link to Comment |View article
  • eBay's Weakening Bid
    I do still trade on eBay, but it seems that when I sell something I don't get to keep much of the money, what with all the fees, rising postage, etc.
    Nov 19 10:55 am |Rating: +2 0 |Link to Comment |View article
  • GMAC Bailout Flaws: No Appreciation of History
    It's possible there is no answer to our financial problems. Try as we might for easy answers to GM and everybody elses problems, it just might be that we now have to pay the piper. The piper being, businesses going bankrupt, high unemployment, etc. You can only do so much with fuzzy math. The numbers haven't added up for several years now, and the more we try to manipulate them the worse off we are.
    Jan 01 00:53 am |Rating: +1 0 |Link to Comment |View article
  • What Will Happen If America Returns to an Historical Savings Rate?
    One thing I didn't see mentioned in comparison of Japan to US is America's growing illegal (and legal) immigration problem. People flocking in here by the thousands to take what few jobs that are left after corporate America decided to head for greener pastures.
    Dec 30 10:54 am |Rating: +1 -1 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Please don't encourage Congress to do anything...the last thing the working people need is another gas tax. They enact a gas tax when it is low priced and it is here to stay forever, even when gas gets to $4.50 a gallon. With Democrats in there will be enough taxes to go around without any encouragement.
    Dec 30 10:11 am |Rating: +1 0 |Link to Comment |View article
  • Lehman Bankruptcy: Crisis Management Via Crisis Export?
    I guess that the fact that these big banks are hoarding the money now pretty well proves they didn't need the bailout to start with! The small businesses, retailers, etc. that went and are going out of business are the ones that needed help, and the government wouldn't even consider bailing them out. And I never heard of any $400,000 vacations for retailers this year!!
    Dec 29 23:57 pm |Rating: +1 0 |Link to Comment |View article
  • Lehman, Forecasting, and the Vix
    That sounds illegal.
    Dec 23 10:40 am |Rating: +1 0 |Link to Comment |View article
  • Has Cutting Interest Rates Saved Anyone?
    I'm in favor of raising interest rates..a lot. At least people then could put their retirement money in the bank and get something to live on. The way it is now you are practically forced to invest in something else and if you're like me you'll make less money than normal bank interest...unless you invest in Lehman or Madoff, then you won't have anything!!
    Dec 20 00:34 am |Rating: +1 0 |Link to Comment |View article
  • New York's Downloaded Music Tax - A Sign of Things to Come
    If it keeps going like this they will be unable to tax in a few years; we won't have anything left for them to get. People have said that for years but now I see how that could happen!
    Dec 18 12:51 pm |Rating: +1 0 |Link to Comment |View article
  • Auto Industry Watch: You Can't Get Different Results Doing the Same Thing
    Someone wrote that the Americans didn't try to compete. I tried to buy a Toyota Camry last summer and the dealer would absolutely not accept any less than sticker price and offered me an insulting price for my good condition 2000 American car. I ended up buying a Mercury Milan for much less and am glad that I did.
    Dec 14 11:52 am |Rating: +1 -2 |Link to Comment |View article

a. palmer jr.'s Comments Stream Stats

  • 69 Comments, 38 , 6
  • Total Comment Stream rating - = 32