schnickelfritz

Dispelling the Hype Behind Cash for Clunkers

You're looking at the world in the typical upsidedown mode. We, who have made the appropriate choices 5, 7, and 10 years ago to purchase fuel efficient cars, are now subsidizing with our tax money those who chose to purchase gas guzzlers. My 1997 Honda Civic with 295,000 miles is certainly a clunker. Maybe I don't understand the new Obama administration definition of "clunker" as you and the beltway elitists do.
Re-name the entitlement program more appropriately, "Taxpayer Cash For Making Bad Choices."


On Aug 11 02:02 PM User 467580 wrote:

> I love this comment. It perfectly demonstrates the American attitude:
> "What's in it for me?"
>
> First of all, the program is called "Cash for Clunkers," not "Cash
> for Fuel Efficient Cars" program. Be happy that you don't have to
> pay for a gas guzzler nor needed to for the last few years. Your
> cars are getting older, but it may make more sense for you to maintain
> them.
>
> I just recently bought a used car myself. I did not want to trade
> in my paid for car (2002 Ford Escape -- not eligible anyhow), but
> I'm not upset that others can utilize this program. Let's be honest,
> I'm clearly a liberal because I believe in the greater good even
> when it doesn't benefit me DIRECTLY. There are indirect benefits
> here for everyone.
>
> As I see it, this program is designed for two purposes:
> 1. Improve fuel efficiency for outstanding vehicles, thereby reducing
> demand on oil/gas. Will this have a large impact? Who knows? But
> it's a step in the right direction.
> 2. Help car companies move languishing inventory.
>
> Not to mention, this may help many families obtain reliable, fuel
> efficient transportation without breaking the family budget. Also,
> for all the conservative (haters), as far as I know, this was not
> an income restricted program, so it provides equal access to this
> stimulative program provided you meet the requirements.
>
> Other points:
> - Mechanics will always be in demand because they have a skill.<br/>-
> Dealerships can fill out 17 pages to get their money. Working with
> contracts and filling forms is part of their business.
> - Yes, dealerships may need to float the up front savings, but they
> are better equipped to handle this then the consumer.
>
> On Aug 11 11:44 AM rps wrote:

Cramer's Mad Money - Paul Krugman Is Wrong (8/10/09)

Might we also add Jimmy Carter to the Nobel Prize list of fools?


On Aug 12 01:07 AM Robert Intriago wrote:

> For the same reason we did not pay attention to Arafat, another Nobel
> winner.

Health Care Bill: Prescription for Disaster

Since Obamacare is supported by most Democrats in Congress and includes "all Americans," does the term "all Americans" include the 20 million or more illegal aliens residing in the US? And if Obamacare includes illegal aliens, what will discourage an anticipated human sunami of more illegal aliens from entering the country pushing healthcare costs even higher?

Why Are Employment Numbers So Bad?

REALITY CHECK NEWS FLASH

"Any consumer credit card debt over three years of age should have all additional interest charges waived if the consumer is paying the debt down, that would be a real stimulus plan."

If you have credit card debt this old, you need to better manage your money and quit spending money you don't have!!!

Freddie Mac Is Trying to Sell Some Kool-Aid

Famous last words......

"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee.

The fox in the henhouse continues to maintain he has the solution to the problem he was instrumental in creating and fostering.

Still Believe in the Downside

This guy needs to learn how to use spell check.


On Jun 10 09:50 AM enigmaman wrote:

> IM not getting this three month stycok market climb, I understand
> a certain amount of recovery was due to the overly bearish sentiment,
> panic but it seems irrational to have climed as high as it has in
> sucha short time, normally a forboden of a big decline, I said nomally
> but these are not nomal times and thats the problem. OUr economy
> is being restructured in record time, the affects on US business
> cannot be beneficial to anybody, here opr abroad, yet the marklet
> continues its climb. In 200 crash its was the market, tech bubble
> but the fundamental make up of our economy was changes very little
> , so to expect the economy to return to normalized growth rates was
> not unreansonable. We cant say the same about this economy by any
> means, verything is changing and fast, can anybody predict what normal
> is now, its being called the New Normal and what does that Translate
> into as it relates to S&amp;P earnings?? But thje marklet rises as
> if the market is embracing the change as good, inevitable without
> knowing what tomorrow will bring. They say the market " Climbs a
> wall of Worry" but they also say the " Market doesnt like uncertanty"
> but Worry begets Uncertanty and Uncertanty begets Worry, I dont get
> it at all, its like Happy Days are Hear again, out with the Old Normal
> in with the New Normal, I just dont get it!

The U.S. Housing Market's Very Sobering News

How do we reconcile the information in Mr. Sullivan's article with Jim Cramer's call that the on going housing catastrophe will bottom in just 30 more days?

There Won't Be a Recovery

Where were YOU when the marxist Democrats were mandating that common sense and the regulations be overridden and that mortgages via the Community Re-Investment Act, specifically changes made circa 1994 (Fannie, Freddie, Frank, Dodd, and ilk) be given to people who didn't have the means to repay those loans???


On May 17 09:33 AM russ wrote:

> The author calls his column a 'rant' which is of course a more accurate
> description that 'well reasoned essay'. As for the comments by Lex
> as on Obama being a 'communist', where were you when the conservative
> Republicans were allowing the market and the economy to collapse?
> Sorry Lex, but you proved yourself to be an ideological 'squirrel,'
> more at home with your nuts.

Chesapeake Energy Explains, But Ignorant Shareholders Just Don't Get It

Hey, somebody (obviously the unfortunate and unknowing stockholders) has to make up for that huge margin call and subsequent loss recently.
How outrageous!! And hasn't Cramer been worshiping at the CHK alter, too?

Sharp Drop in Oil Inventories

Does this guy ever get anything right?


On May 14 09:21 AM Cetin Hakimoglu wrote:

> This is great new because it helps affirm that the economic recovery
> is real.

CNN Misses the Point About Tea Parties

You are unfairly taking advantage of an opportunity to disparage and mock anyone who challenges your self annointed intellectual acumen suggesting they are of lesser intellectual ability. This is evident in your suggestion of the "librul media" meme. I, for one, will not be fooled into submitting to your indignation. I know that you intentionally misspelled "librul," trying to imply many tea party participants are inferior intellectually and that they don't know there is an 'e' at the end of "librul."
Would another example of a meme, this time of a socialist/Marxist Presidential candidate be, "Yes, we can?"
As for the Obama opposition the numbers at one time did say otherwise, but today those numbers are changing.



On Apr 17 04:39 PM heed wrote:

> Right. The "librul media" meme has always been a tactic that the
> right has used to get more favorable coverage. I've always thought
> the idea that these massive corporations like Ge and TWX would push
> a "leftist" agenda, even when that would lead to more taxation and
> regulation for them, is rather silly. As for Obama opposition, the
> numbers say otherwise.
>
> On Apr 17 04:17 PM lbsterling wrote:

Cramer's Stop Trading! Cramer Calls a Bottom (3/26/09)

How many bottoms has Cramer called in the last few months?
And how many more times in the future is he going to call another bottom?
Oh, the huberis!
BTW, have you noticed how Cramer has had an attitude re-adjustment in his partisan "non-political" drop-ins that he salts his show with regularly? Just a couple of weeks ago Cramer was ranting calling Obama the greatest destroyer of wealth . . . Evidently those rants got the attention of someone of influence especially after Cramer was being defended by Hannity and Limbaugh. How embarassing!!

What Happened to 'The Change We Need'?

Obama lied.
The economy died.

Change (to socialism/marxism) we can believe in.

It's here, it's happening now!!

Market Death Spiral Continues

Hey wpdragon,

If you have a Hummel collection, you're the moron!!!


On Mar 01 09:31 AM wpdragon wrote:

> Know nothing, your name says it all.
>
> Actually, it falls short - you're a moron.
>
> Obama's been in office 39 days and he's supposed to have cured this
> unmitigated DISASTER that your pals Bush and the 12 year republican
> congress caused? Actually, a disaster that has its roots in Reagan's
> failed economic theories?
>
> Get a life. I wouldn't trust you to manage a hummel collection you
> idiot.
>
> I have to agree with the author on the technicals, unfortunately.

Market Death Spiral Continues

Obama lied.
The economy died.

Change (to socialism/marxism) we can believe in.
Believe it, it's well underway.