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The Bailout

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Neal

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Sep 30, 2008, 5:36:55 PM9/30/08
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Strange. Yesterday was one of the most important days in United States
financial history, but not one word posted on SMT.

I am now convinced that at least our congressmen (people) listen to us.
Immense public displeasure with the flawed bailout bill directly influenced
the House of Representatives.

Surely there are better ways to solve this crisis than what the
Administration has proposed. One that looks very interesting is put forward
by Dave Ramsey. I hope people will read this, send it to their
Representatives and Senators, and everyone they know.

Neal

www.daveramsey.com


Anne V.

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Sep 30, 2008, 5:44:31 PM9/30/08
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I'm scared to death of what's happening to our country economically but am
pathetically clueless on the workings of Wall Street, so I don't even know
whether or not the bailout was a good idea. It definitely didn't SOUND good
to me, but I could be argued into the ground very easily because of my lack
of knowledge.

Neil, I didn't find a plan on that website; it just looked kind of slick and
full of ads. Maybe I didn't wait long enough for things to load?

Anne

"Neal" <nealb...@msn.com> wrote in message
news:6kfkfmF...@mid.individual.net...

Neal

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Sep 30, 2008, 6:02:27 PM9/30/08
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It is just a little bit below the search box, about 3/4 of the way up,
titled "URGENT! Three Steps To Fix Our Nations's Economy"

Neal

"Anne V." <ahva...@NOSPAMsbcglobal.net> wrote in message
news:V4xEk.2182$c45...@nlpi065.nbdc.sbc.com...

Marsha

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Sep 30, 2008, 8:09:05 PM9/30/08
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Neal wrote:

Thanks, Neal. I've always liked Dave Ramsey and his common-sense
economic advice. I don't know that much about economics, and apparently
a good portion of our politicians don't know much either; otherwise,
the present situation would never have come about.

Marsha/Ohio

Karen C.

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Sep 30, 2008, 8:46:20 PM9/30/08
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"Neal" <nealb...@msn.com> wrote in message
news:6kfkfmF...@mid.individual.net...
> Strange. Yesterday was one of the most important
> days in United States financial history, but not one
> word posted on SMT.

I think everybody's just stunned, watching and wating
for the next shoe to drop.

> I am now convinced that at least our congressmen
> (people) listen to us.

I wonder how well they'd have listened if so many of
them were not staring down the barrel of a re-election.

> Surely there are better ways to solve this crisis
> than what the Administration has proposed. One that
> looks very interesting is put forward by Dave Ramsey.
> I hope people will read this, send it to their
> Representatives and Senators, and everyone they know.

I'm glad they're at least getting help from people who
know finances and don't have any shady motives.

Karen C.


Samantha Hill - remove TRASH to replyi

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Sep 30, 2008, 11:24:49 PM9/30/08
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Marsha wrote:
>
> Thanks, Neal. I've always liked Dave Ramsey and his common-sense
> economic advice. I don't know that much about economics, and apparently
> a good portion of our politicians don't know much either; otherwise,
> the present situation would never have come about.


The thing that is most important to remember about economics is that the
best long-term solution is never the best short-term solution. The
reason why this is so important is that the US economic market has, for
the most part (Aaron Feuerstein excepted, for one) been even more myopic
than I have. It will be a horrid mess to fix it, and realistically I do
not think it will ever happen. For anybody to try to go for the
long-term solution, it would be career suicide and they wouldn't last
long enough to get to the long-term solution (Sam Armacost excepted, for
one, because he *was* sticking it out for the long run but it wasn't his
fault that the unprintable-adjective board of directors booted him out
so *holding nose* Tom Clausen could appear to be the Bank's savior. *retch*

Macroeconomics is FASCINATING.

I have been saying for a few years that the housing market was going to
collapse because people were doing exactly the same things with stocks

bambif...@gmail.com

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Oct 1, 2008, 8:29:04 AM10/1/08
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On Sep 30, 11:24 pm, Samantha Hill - remove TRASH to replyi

Neal, I'm not patient enough for the Ramsey site to load. I've been
advocating for everyone to contact their representatives and voice
their opinions. If nothing else, you DO feel like you have a voice.

Unfortunately, I'm on the lower end of the ladder as far as effects of
this crisis. Not having investments, savings, etc remove that first
line of panic. I *am* worried about student loans tho....

Judity

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Oct 1, 2008, 11:51:07 AM10/1/08
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((Unfortunately, I'm on the lower end of the ladder as far as effects

of
this crisis. Not having investments, savings, etc remove that first
line of panic. I *am* worried about student loans tho.... ))

Bambi, most of this doesn't affect me since I'm retired and don't have
enough income most years to pay taxes. I have been watching my two
investment accounts bounce up and down. They've been doing that for
years, though, and dividends are being paid regularly with three being
posted yesterday.

I do worry about my nieces and nephews since many of them have no idea
how to manage their money, but that's nothing new either.

Judity
1,000 Words or Less
My collection of short stories
would make an inexpensive Christmas gift
http://tinyurl.com/68fkoo

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