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Excellent perspective, Benz. Thanks.
posted by
JanesOpinion
on December 14, 2004 at 9:44 PM
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Jane, your Opinion is, of course correct. I did not mention the Middle
Class, a rapidly dwindling group, and decent people who should be held up as an example for the rich to emulate, fical responsibility and all that.
BUT, the rich banks are phishing for Phools now, dangling credit cards in front of inappropriate people, those who should not be tempted and who will fail to be responsible. Have been for years. Now, they have HUGE collections departments in their banks, or hire out to firms who collect for them, on all those loans and cards which have gone rotten in their repayment schedule.
My daughter works for collection agencies, first at a bank and now for a lawyer, the field is huge and growing, as they are on the radio phishing for collectors to work for their phone rooms here in town; I began to suspect that the banking industry is getting it's just rewards, for handing out cards like Christmas candy to phools. To me, this means that the banking system built a house of cards and now it is falling and they are blaming those who were caught on their phishing lines when banks were trolling for phools. College kids, bad credit, no credit, bankruptcies, no problem !??!! How often have I heard that terrible phrase?
The Middle Class has the most to lose, the poor muddle on and the rich find a way to put it off onto everyone else, but the Middle Class pays and pays and pays for its desire to build a solid foundation, to have some small savings and some few dreams.
I am old enough to remember when most everyone around me was middle class, a rare breed nowadays.
posted by
benzinha
on December 13, 2004 at 10:56 PM
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Thanks for your post--
I agree the gov is spending too much, way too much. But I will say (and I'm sure you know) that you're over generalizing a wee bit when you talk about rich vs poor. There are a ton of us middle class folk who would be sunk without regular pay checks (i.e. not enough in savings) but who happen to have really good credit because we've paid our bills on time, have demonstrated some amount of fiscal restraint with our 1-2 credit cards and by the grace of God have not had our identities stolen. . . yet. I am much closer to poor than rich per American standards (thanks to having been a student and racked up some loans), but I have excellent credit. But that said, you do make some valid points. Thanks!
posted by
JanesOpinion
on December 13, 2004 at 11:35 AM
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ca88andra, I need a 60 minute timer and chalk board to explain what I
know about banking and budgeting and our American slide into an economic abyss but, I'll leave that up to some realist on C-SPAN later and just say that it'ssssssssssssssss coming....like that little girl's voice in Poltergeist, was it?
As I watched Reagan and Thatcher back in the days, my pea brain whispered, "uh oh..." and only a few others saw the future....and they are rich and taking advantage of it all right now....me, I'm just watching.
Enslaved and overtaxed, tied contractually to tax free, policy making, international corporations, methinks and Human Resource Deprtments on the side of the Masters and not the slaves. Old story, new futuristic twist. I'll be dead already, thank goodness, but my babies, babies, and their babies......sigh.
posted by
benzinha
on December 11, 2004 at 11:16 AM
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bb, shall go read all about it later today, fer sure, my best wishes and
hopes for your best wishes and hopes.....
posted by
benzinha
on December 11, 2004 at 11:06 AM
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Informative as usual, thought provoking as usual...
posted by
Ca88andra
on December 10, 2004 at 2:15 AM
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Benzinha dear
The irony of course is that the rich never actually repay but go into hock more while the poor do pay.
You may have chosen to avoid the kerfufffle of the past couple of days but amid all of that I posted and I wanted to tell you that my book idea looks like it might get somewhere. I feel very excited but will only celebrate when and if I get a deal. The vibes are good.
posted by
beachbelle
on December 9, 2004 at 10:46 PM
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