I agree!!! We just lost 20,000 of our hard earned money, yesterday and now one of us might be loosing our job. We are very scared, we have a very limited savings, cause we thought 401K is a good saving. Now this morning while having our breakfast we stared blankly and I started to cry, thinking of the few options that we have. This is a serious moment that I am sure no one wants to be in. Let the CHANGE begins!
SCLiberal
· 1 year ago
I've got no 401, no IRA, nothing in savings but just under $6k. I've been this way for most of my life and I'm 50. Joy and peace are in the little things. Try not to be afraid.
erick28
· 1 year ago
oh my, thank you for the encouragement. I know we will overcome such predicament.
hawkseye
· 1 year ago
Best wishes from me, too.
tlsintx
· 1 year ago
we're all in this together!
WDemDem
· 1 year ago
I have no retirement accounts either. My friend and I were just commenting that this is a good time to be poor. Glad to see another 50-year-old with the same outlook on life. Thanks!
Ksue
· 1 year ago
We're 56 with 3 adult daughters. Have always been self-employed, so no 401K, no health insurance, no stocks, bonds or savings. We don't even own a home. While our first few years of being poor were tough, we eventually learned how to deal with it. And now we count ourselves as the lucky ones. We haven't lost a dime in this colossal mess and are supremely happy with our lives and our daughters' lives.
Don't worry, you'll be okay. You really will. All us pinko-commie-hippie-libruls are on the side of the angels this time around.
erick28
· 1 year ago
Thank you for the message of optimism. well if we're in the bottom of this mess we dont have anywhere to go but up. Thanks again, it means alot.
HereinDC
· 1 year ago
George Hoover Bush Global Depression !
You Betcha !
vkobaya
· 1 year ago
It's stunning to think about the damage George Bush has done to our nation and the world.
It is finally getting to the point where Pelosi won't have any choice but to move to impeach Bush. Unfortunately, when the bill comes up for vote, it should have a rider to add impeachment of Pelosi and Reid also. And when they lock Bush up in cell in a hard labor prison, the next two cells should be for Pelosi and Reid.
rexkc
· 1 year ago
If you think the market crash is bad, it will be far worse if the Republicans steal the election, which I think is a real possibility. If that happens (again) the markets will really tank.
KarenMrsLloydRichards
· 1 year ago
Breakfast TV Braying Heads:
It's starting to look like Barack Hussein Obama IS not only the President but also Master of the Universe. His tentacles reach into deepest, darkest Africa! According to Fox and Friends, he was able to call on his buddy, a radical politician named Odinga (rhymes kinda like Mandingo) to get courageous truth-teller Jerome Corsi arrested, manhandled, and thrown out of the "African nation of Kenya." All because Unca Jerome was in the "African nation of Kenya" to root out the Obama-Odinga connection. The point of all this news is that Barack Obama isn't just African-American, he's AFRICAN!
Even Morning Joe has had to admit that Obama is the next President. Why wasn't chrome-domed attack Rottweiler Steve Schmidt brought on to the McCain team a LOT earlier, so the War Hero/POW could really hammer Ayers home months ago. Now, Joe lamented, it's too late, especially with the economy in free fall. Obama must be feeling his oats since he's telling McCain to Say It To My Face. That kind of machismo makes Joe feel a lot easier with a President Obama. Joe admires any guy that smashes his plate of arugula into another guy's face and wants to "take it outside."
Obama has rigged the election in Ohio and at least 9 other states where he pulls the strings with ACORN. The flirty host who isn't Gretchen (Allison) let Doocy know that the corrupt woman who is in charge of voting in Ohio got nailed by a Federal judge yesterday and is going to have to provide the names of all those cats, 7-year olds, homeless bums, and community college kids who were registered to vote by ACORN. That group actually "harasses" people into signing up to vote and then pressures them to vote for Obama.
While Obama is masterminding his election victory, using African thugs to silence his critics, and changing his story on Ayers yet again, Sarah Palin is just keepin' on kepin' on. She's gonna drop the puck in Philly. Expect the crowds to go wild! When Willie mentioned this, Mika's intake of astonished breath was like the gentle sigh of a woman in the throes of ecstasy. But when Willie confirmed that Sarah was going to play herself on SNL soon, Mika's HUGE gasp of delight was positively G-spot-quality! So, it looks like America's beloved Sarah won't be in the White House yet--but 2012 isn't that far away. And who knows: President Obama could be impeached as early as February 2009. So don't cancel the mother-daughter tanning beds for Sarah and Bristol's in-house White House spa! Anything could happen...
SCLiberal
· 1 year ago
Honey, is your caregiver aware you are using the computer again?
tlsintx
· 1 year ago
it's snark for god's sake.....msm GOPer talking points of the day provided here at no charge...now you don't have to watch Joe Scarborough...
KarenMLR should be paid handsomely for this.
KarenMrsLloydRichards
· 1 year ago
SC LIberal may be new to the Americablog community and hasn't yet learned to appreciate, as you have, Karen's purposefully ironic rendition of Breakfast TV's talking points for the day ahead. She thanks you for your continuing support.
SCLiberal
· 1 year ago
My apologies. I missed it completely!
marijo
· 1 year ago
Wow Karen, if I didn't know any better, sounds like you want a little her on her action with the pit bull...now what would your right wing christian cohorts think of that...as for the tanning beds, you just showed once again how the neocons think of the people's White House as their own private all inclusive resort...thanks for proving our point about the hyocrisy and abuse demonstrated by the repugs!
KarenMrsLloydRichards
· 1 year ago
Trust me: I know how these people think. And what they think is fed to them each day, like kibble at a kennel, at 6AM on MSNBC and Fox News. By mid-afternoon it's then excreted at the Palin rally lines. In huge steaming piles.
tlsintx
· 1 year ago
sigh...here we go again...heehee!
Karen, maybe you should post a pre-emptive "ironic/snark warning" before each morning's post!
SCLiberal
· 1 year ago
I'm certainly no historian but it seems to me that every major leap forward in our nation's history was preceeded by a devastating period of war/chaos/depression. The reforms of the 1930s were preceeded by the Great Depression. The end of slavery was preceeded by the Civil War. The end of Jim Crow was preceeded by the civil riots of the 60s. The end of women being disenfranchised was preceeded by civil unrest and protests. The end of the robber barons was preceeded by an economic climate very much like today.
I'm choosing to look at this period as the catalyst for great reforms and a big step forward. It would be nice to think that we could learn enough to make the changes stick this time. I'm also hoping that the move forward happens on a global scale, not just here. If there was ever a time to act as one, this is it.
marijo
· 1 year ago
What a great perspective!
Frank_Manders
· 1 year ago
I just read the Wall Street Journal's article about John McCain ruling Rev. Wright off-limits as a line of attack against Senator Obama, despite his willingness to beat the William Ayers non-story into the ground. http://online.wsj.com/article/SB122359909175421...
The article contends that to John McCain, dragging the issue of religion into the campaign is verboten. I think that conclusion is accurate to some degree, but not in the way the author thinks. It's not that the matter of God and faith hold a special place in John McCain's heart, but to McCain, the U.S. Navy IS sacred. Let's not forget that Rev. Jeremiah Wright was a Marine and Navy corpsman. I believe that McCain is congenitally unable to impugn the patriotism, integrity, and honor of a fellow member of the Navy, regardless of how many political points such an attack may gain against his much-loathed opponent.
I suspect that if McCain crosses this thin moral threshold to drag Rev. Wright into the cesspool his campaign has become, he will know that he has not only lost the race, but he is broken.
lutton
· 1 year ago
also, Palin has her own Pastor problem, so avoiding the subject as long as possible it probably part of the strategy, er, tactic?
bacalove
· 1 year ago
Does not want Obama Team to bring up Palin's ties to witchcraft and Pentecostal preachers.
Okay, our Dow 10,000, 9500 and now our Dow 9,000 targets have been hit.
Where do we go next -- are we close enough to a bottom to buy, or are we heading much lower?
Dow is now off 39% from its highs.
~~~
This cascading waterfall selloff is ugly. Next key level of support is 8750, where we would again be buyers of the market.
If that does not hold, then we are looking at no support until the 2002 levels -- about 7250. (I may have to dust off that Dow 6,800 call).
michaelt
· 1 year ago
i don't know about you, but if obama is not the president on 11/5 then i have some serious life decisions to make. where am i going and what will i do? because there is no way. no fucking way, that i stay here and put up with 4 more years of this bullshit. if obama doesn't win, it's over. this country, it's ideal, everything. over.
bacalove
· 1 year ago
It is ludicrous and Dishonest for the Republicans to blame the current economic crisis on Fannie, Freddie and poor people!
"Excerpt 'Tyrany of Oil"
Within days of the New Year, 2008 began with three landmark events. Oil reached $100 per barrel for only the second time in history as gasoline prices began an ascent toward the highest prices in a generation. And on January 3, Senator Barack Obama became the first African American to win the Iowa Caucus. Voter turnout broke records as well, with four times more registered Democrats voting than had turned out in 2000. Senator Obama was reserved yet purposeful as he delivered his historic victory speech. He chose to highlight just a handful of policy issues in the fifteen-minute address, making his focus on oil all the more significant. Obama forcefully declared that he would free the United States once and for all from "the tyranny of oil" and then pledged to be the president "who ends the war in Iraq and finally brings our troops home." An already raucous crowd met these pronouncements with thunderous applause and waves of cheers."
I feel the same way.....if Obama doesn't win I want out of this country.....
JohnInTexas
· 1 year ago
Let's all move to Alaska and get that little check every year. Wouldn't that piss in the natives Cheerios if they had to split the oil profit with oh about another 650,000....that'd cut it in half, so the more that move up there the less they get. Damn, they might have to get full time jobs.
tlsintx
· 1 year ago
i'm in. i might decide to stop in Canada though...
nicho
· 1 year ago
Let's not give Bush all the credit. This has been a long time in the making. It's not an accident. It's all been carefully planned -- not the actual details, but the broad strokes. Greg Palast laid it all out in "The Best Democracy Money Can Buy." It's going just the way he predicted.
Now, we hear the IMF is stepping in the "manage" the problem.
This was predicted by Palast also -- mainly because the IMF is the one who orchestrated the mess.
All part of the plan.
tlsintx
· 1 year ago
i can vote early 10 days from today... yes i can!
Ksue
· 1 year ago
Me, too! I'll be first in line.
hawkseye
· 1 year ago
A couple of days ago, we got our permanent absentee ballots here in California. Last I checked, our county, Sonoma, has the second highest rate of permanent absentee voters in the state. It was a way of making a paper trail, so voters went for it. They are expecting about 90% turn out here and I think Obama will get 70% or better. Kerry got 68%.
coolcatdaddy
· 1 year ago
Bush is going to give an address on the economic situation?
Egads - the market drops another 500 or 600 points every time the man opens his mouth in pubic...
triple7s
· 1 year ago
The PIGS AT THE TROUGH on WALL STREET are begging the CHIMP not to speak. You can't make this shit up.
Good morning. It isn't a real Depression until brokers hurl themselves off the tall buildings of Wall Street. We're waiting . . . .
lilybart
· 1 year ago
Jeffrey Sachs said this morning on CNN that one our problems is that the United States DOES NOT HAVE A FUNCTIONING GOVERNMENT.
contemplate that one
hawkseye
· 1 year ago
If you take into account the insane people at the top, we haven't had a functioning government in eight years.
imjussayin
· 1 year ago
Erratic doesn't begin to describe it. McCain's next bit of strategic brilliance will be his Shoot at anything that moves and you're bound to hit something tactic ....er strategy. Or is it tactic?
All Comments
Joy and peace are in the little things. Try not to be afraid.
Don't worry, you'll be okay. You really will. All us pinko-commie-hippie-libruls are on the side of the angels this time around.
You Betcha !
It is finally getting to the point where Pelosi won't have any choice but to move to impeach Bush. Unfortunately, when the bill comes up for vote, it should have a rider to add impeachment of Pelosi and Reid also. And when they lock Bush up in cell in a hard labor prison, the next two cells should be for Pelosi and Reid.
It's starting to look like Barack Hussein Obama IS not only the President but also Master of the Universe. His tentacles reach into deepest, darkest Africa! According to Fox and Friends, he was able to call on his buddy, a radical politician named Odinga (rhymes kinda like Mandingo) to get courageous truth-teller Jerome Corsi arrested, manhandled, and thrown out of the "African nation of Kenya." All because Unca Jerome was in the "African nation of Kenya" to root out the Obama-Odinga connection. The point of all this news is that Barack Obama isn't just African-American, he's AFRICAN!
Even Morning Joe has had to admit that Obama is the next President. Why wasn't chrome-domed attack Rottweiler Steve Schmidt brought on to the McCain team a LOT earlier, so the War Hero/POW could really hammer Ayers home months ago. Now, Joe lamented, it's too late, especially with the economy in free fall. Obama must be feeling his oats since he's telling McCain to Say It To My Face. That kind of machismo makes Joe feel a lot easier with a President Obama. Joe admires any guy that smashes his plate of arugula into another guy's face and wants to "take it outside."
Obama has rigged the election in Ohio and at least 9 other states where he pulls the strings with ACORN. The flirty host who isn't Gretchen (Allison) let Doocy know that the corrupt woman who is in charge of voting in Ohio got nailed by a Federal judge yesterday and is going to have to provide the names of all those cats, 7-year olds, homeless bums, and community college kids who were registered to vote by ACORN. That group actually "harasses" people into signing up to vote and then pressures them to vote for Obama.
While Obama is masterminding his election victory, using African thugs to silence his critics, and changing his story on Ayers yet again, Sarah Palin is just keepin' on kepin' on. She's gonna drop the puck in Philly. Expect the crowds to go wild! When Willie mentioned this, Mika's intake of astonished breath was like the gentle sigh of a woman in the throes of ecstasy. But when Willie confirmed that Sarah was going to play herself on SNL soon, Mika's HUGE gasp of delight was positively G-spot-quality! So, it looks like America's beloved Sarah won't be in the White House yet--but 2012 isn't that far away. And who knows: President Obama could be impeached as early as February 2009. So don't cancel the mother-daughter tanning beds for Sarah and Bristol's in-house White House spa! Anything could happen...
KarenMLR should be paid handsomely for this.
Karen, maybe you should post a pre-emptive "ironic/snark warning" before each morning's post!
The reforms of the 1930s were preceeded by the Great Depression.
The end of slavery was preceeded by the Civil War.
The end of Jim Crow was preceeded by the civil riots of the 60s.
The end of women being disenfranchised was preceeded by civil unrest and protests.
The end of the robber barons was preceeded by an economic climate very much like today.
I'm choosing to look at this period as the catalyst for great reforms and a big step forward. It would be nice to think that we could learn enough to make the changes stick this time. I'm also hoping that the move forward happens on a global scale, not just here. If there was ever a time to act as one, this is it.
The article contends that to John McCain, dragging the issue of religion into the campaign is verboten. I think that conclusion is accurate to some degree, but not in the way the author thinks. It's not that the matter of God and faith hold a special place in John McCain's heart, but to McCain, the U.S. Navy IS sacred. Let's not forget that Rev. Jeremiah Wright was a Marine and Navy corpsman. I believe that McCain is congenitally unable to impugn the patriotism, integrity, and honor of a fellow member of the Navy, regardless of how many political points such an attack may gain against his
much-loathed opponent.
I suspect that if McCain crosses this thin moral threshold to drag Rev. Wright into the cesspool his campaign has become, he will know that he has not only lost the race, but he is broken.
http://bigpicture.typepad.com/comments/2008/10/...
Okay, our Dow 10,000, 9500 and now our Dow 9,000 targets have been hit.
Where do we go next -- are we close enough to a bottom to buy, or are we heading much lower?
Dow is now off 39% from its highs.
~~~
This cascading waterfall selloff is ugly. Next key level of support is 8750, where we would again be buyers of the market.
If that does not hold, then we are looking at no support until the 2002 levels -- about 7250. (I may have to dust off that Dow 6,800 call).
"Excerpt 'Tyrany of Oil"
Within days of the New Year, 2008 began with three landmark events. Oil reached $100 per barrel for only the second time in history as gasoline prices began an ascent toward the highest prices in a generation. And on January 3, Senator Barack Obama became the first African American to win the Iowa Caucus. Voter turnout broke records as well, with four times more registered Democrats voting than had turned out in 2000. Senator Obama was reserved yet purposeful as he delivered his historic victory speech. He chose to highlight just a handful of policy issues in the fifteen-minute address, making his focus on oil all the more significant. Obama forcefully declared that he would free the United States once and for all from "the tyranny of oil" and then pledged to be the president "who ends the war in Iraq and finally brings our troops home." An already raucous crowd met these pronouncements with thunderous applause and waves of cheers."
http://www.npr.org/templates/story/story.php?st...
//www.youtube.com/watch?v=IqfedYAAGEI
Is that the new theory?
Jimmy Breslin always said, "the poor can't be made to suffer enough"
The Gipper speaks -- Reagan for Obama -- Must See TV!
http://www.youtube.com/watch?v=IqfedYAAGEI
Now, we hear the IMF is stepping in the "manage" the problem.
http://www.democraticunderground.com/discuss/du...
This was predicted by Palast also -- mainly because the IMF is the one who orchestrated the mess.
All part of the plan.
yes i can!
Egads - the market drops another 500 or 600 points every time the man opens his mouth in pubic...
New video by Jed Lewison:
http://www.youtube.com/watch?v=jH2iufUU1f4
contemplate that one