GMC

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

It is impossible to sustain this kind of "free" money. It CANNOT be sustained. When will we ever learn that spending money that we cannot repay, whether it be the government or banks or individuals, cannot be sustained and in the near future things will be far worse than they are now because we'll have interest (i.e., the time value of money) to pay and as things appear now, far more places for the money the government collect to go! Not only will inflation or deflation kill the value of taxes collected that are supposed to pay for these outrages, but taxes will have climb out of control in the near future to even begin to cover the costs and even so it will not be enough. This country and world is completely out of control! Bush and his administration started the "recovery" spending - right!? The Democrats rightfully hated and mocked him for it. Now Obama and his administration are continuing BUSH's dumb plan AND what's more they're escalating it. And now the Republicans are deriding him for it, rightly so! But, nobody wants to really take the bitter medicne right now to let it run it's course and let the market recover on it's own in a sustainable fashion.
Regardless of whether we're in love with Bush or Obama can't we see that this "recovery" spending is going to result in a huge crash that puts the most recent recession to shame and will probably make the Great Depression look like a minor inconvenience?!
Today big business and big government seem to focus on this current quarter's profits with no concern for the future because the they'll already have gotten their peice of the pie while thinking, "Party now! Play today! We may die soon anyway!" and "Let the kid's pay the bill!" Complete an utter foolishness that even Aesop taught could not work in the sad sad end to come.

The Leading Cause of Personal Bankruptcy

Very Good. A couple comments:
1. Australia can support their system becasue they make it nearly impossible to move there from out of country!! This country is so open we let everyone come on in and take what they haven't paid for over a lifetime...
2. So, if I'm one serious illness away from bankruptcy I might as well spend and spend and buy everything I want and not save any money or prepare for the future becasue "they'll" just take it in the end anyway! In other words, live life in the modern American way...

This Recession's Not That Bad - And We're More Than Halfway Through

I hate optimists...

Were the Tax Rebates a Bust?

Tie the income tax to the S&P 500! That would change things a bit. Might be interesting!

Is This a Recession? Wrong Question.

I agree, who cares if it official? We're hurting and somebody somewhere is making a ton of money from high energy prices. Something is way off here. Ten years ago the liberal congress decided to keep us from producing the oil and gas we now need. I keep asking myself what did they gain by that stance? Money had to be involved and it had to be BIG.

Dow in Secular Bear Market When Priced in Ounces of Gold

So, does this mean that we've been in "deflation" since 1999? No wonder I feel like despite my increase in income since this time it has never gotten any easier to make ends meet.

Bankruptcy Reform Act Finally Blows Sky High

It was the responsibility of the lendor and the borrower to exersize honesty. Since when did lying become acceptable? They both acted with dishonest intent and they both should be liable.

The 3 Main Reasons Behind This Recession

dectra, what you say: "7 Years of GOP control and all we have to show for it is a shrinking tax base and a bloated war machine." is pretty on target; however, politicians only do what their constituency demands/allows. WE are the one's who let it happen and WE need to fix it. I don't think the Dems or GOP will do it without the electorate demanding it.