Recession

[runeight]

The Indian tribes should think about getting into the refining business. After all, there are only so many gambling dollars to be chased but a non-stop demand for hydro-carbons.

Good point. They don't have to live up to the EPA.

They are planning a concrete facility North of Seligman, AZ. Will be the biggest producer in the US. Currently there biggest plant is in Mexico. You guessed it. Mexico company.

Where will it be built? Indian land.

r8

 

[redvoodoo]

More refineries would lower gas prices, as the problem isn;t not enough oil, but no way to produce more of it into other products such as gasoline. The thing is as the huge oil companies keep posting record profits each quarter, why should they do Anything to stop that? It would be financially irresponsible for them to do so. They are publicly traded companies and are responsible to their stock holders. You won't see more refineries built until the oil companies are made to do so. You probably won't see that happen as the oil companies have lots of politicians in their pockets with campaign contributions and don't think the oil companies will let those politicians forget the favors owed to them. The truth is we do need to find other sources of energy. Yes lower gas prices would help our economy in a short term schedule, but I jsut don't see prices lowering by much, if at all.
I drive almost 100 miles round trip to work each day and don't think It doesn't hit home when prices rise. It simply means I cut back on spending on other things like shopping, vacations and such.

 

[PDBusa]

We have no cash in the United States because it all goes here... http://www.snopes.com/photos/crime/drugmoney.asp

 

[cosmo]

 

[ibified]

Charles:

Why do you hyave a problem with the gas companies showing record profits? isn't that kind of the purpose of being in business? To make a profit?

 

[DaCol.]

Recession is just another word for OPPORTUNITY

 ! And No, I don't think we're heading for a recession. What has happen is, in large quarters of the Financial sections, PAY DAY has come. You ever heard of that

 ? When you let people buy homes that can't afford, use credit cards at an amount they can't pay off, Cars they can't make payments on. THEN PAY DAY will eventually come. I don't feel sorry at all for all those over spending people

. Who I do feel sorry for is the Tax Payers who didn't (as in You and Me), but will be left to PAY THEIR BILLS. As in the Fed bailing out

 Multi Billion Dollar Companies, but who also contribute Millions to the Demo's and Republican Partys

Buy the way, this Tax incentive is to also pay people who DIDN'T even Pay Taxes because of their LOW INCOME ! So, just why do they get any of the money I PAID

 

[Charlesbusa]

Charles:

Why do you hyave a problem with the gas companies showing record profits?   isn't that kind of the purpose of being in business?  To make a profit?

I have a problem with the oil compaines trying to explain that the reason they keep raising prices is because of oil is drying up, not enough refineries, unstable countries, etc etc etc...


If they came out and said, hey we're raising prices because we want to break last years profit record, then I wouldn't have anything to say about it.


Meanwhile they buy water rights and other resources. Can't wait until the price on water starts going skyward...

 

[BigmanZ]

I have to agree with Captain, this 'recession' is really just the inflated housing market crashing down from the loan companies getting people into houses that couldn't afford such. Everybody was so obsessed with buying a house that the prices shot up and now we're seeing the downfall, lots of houses sitting on the market and people who lost everything. In my mind that is not a recession. People are still shopping around here.
As for the Gov doing cuts...not because of some recession, it's because they are trying to drive some energy into this lull to get the US $ back up as well as to get the people (sheep) to stop panicing about something that isn't there. As for the gas prices, if it's really so heavily affecting your life...GET A HYBRID. Simple as that.

Here's my take on if we have a recession....can I, an average american with really good credit and a stable so/so job go out and get a loan for a house? Yes.
If we were in such horrid trouble, I would be turned down.

 

[BigmanZ]

We have no cash in the United States because it all goes here... http://www.snopes.com/photos/crime/drugmoney.asp

Seeing stuff like that makes me question my morals....I'd so walk out of there with full pockets.
God, think how easy it would of been for a mercenary group to take that building silently, off the people, and walk out with the money?

Wow.

 

[SAMBUSA]

Charles:

Why do you hyave a problem with the gas companies showing record profits?   isn't that kind of the purpose of being in business?  To make a profit?

I have a problem with the oil compaines trying to explain that the reason they keep raising prices is because of oil is drying up, not enough refineries, unstable countries, etc etc etc...


If they came out and said, hey we're raising prices because we want to break last years profit record, then I wouldn't have anything to say about it.


Meanwhile they buy water rights and other resources.  Can't wait until the price on water starts going skyward...

Record profits go hand in hand w/ record consumption.  Wanna lower consupmtion?  Ship the 11 million illegal immigrants back where they came from. That's a good start

Following was copied from an email I got.

The best way to stop using so much gas is to deport 11 million illegal
immigrants!

That would be 11 million less people using our gas. The price of gas
would come down...

Bring our troops home from Iraq to guard the Border...

When they catch an illegal immigrant crossing the border, hand him a
canteen, rifle and some ammo and ship him to Iraq .

Tell him if he wants to come to America then he must serve a tour in
the military...

Give him a soldier's pay while he's there and tax him on it...

After his tour, he will be allowed to become a citizen since he
defended this country...

He will also be registered to be taxed and be a legal patriot...

This option will probably deter illegal immigration and provide a
solution for the troops in Iraq and the aliens trying to make a better life
for themselves...

If they refuse to serve, ship them to Iraq anyway, without the canteen,
rifle or ammo...

Problem solved...

 

[cosmo]

<div class="iF-Passage"><div class="QUOTEHEAD">Quote:[/Quote]<div class="QUOTE clearfix"><span class="quoteBegin"> </span>
Here's my take on if we have a recession....can I, an average american with really good credit and a stable so/so job go out and get a loan for a house? Yes.
If we were in such horrid trouble, I would be turned down.[/quote]

Not to argue your points (although I do disagree) but have you applied for a mortgage in the last 6 months? The day of the low/no deposit is over and you'll need a pile of cash in hand. A lot of those folks you see shopping aren't qualifying and the homes go unsold.

 

[Mike.P175]

Right now our economy hinges on the brink of a recession
the easiest way to turn around the economy would be to
enact the Fair Tax and to curb our dependence on foreign
oil i.e drilling in Anwar, and building more refineries

 

[Mike.P175]

<div class="iF-Passage"><div class="QUOTEHEAD">Quote:

<div class="QUOTE clearfix"><span class="quoteBegin"> </span>
Here's my take on if we have a recession....can I, an average american with really good credit and a stable so/so job go out and get a loan for a house? Yes.
If we were in such horrid trouble, I would be turned down.[/quote]

Not to argue your points (although I do disagree) but have you applied for a mortgage in the last 6 months? The day of the low/no deposit is over and you'll need a pile of cash in hand. A lot of those folks you see shopping aren't qualifying and the homes go unsold.[/quote]
No more 100% loans if you don't have at least 10% down
you will not qualify

 

[SAMBUSA]

<div class="iF-Passage"><div class="QUOTEHEAD">Quote:

<div class="QUOTE clearfix"><span class="quoteBegin"> </span>
Here's my take on if we have a recession....can I, an average american with really good credit and a stable so/so job go out and get a loan for a house? Yes.
If we were in such horrid trouble, I would be turned down.

Not to argue your points (although I do disagree) but have you applied for a mortgage in the last 6 months? The day of the low/no deposit is over and you'll need a pile of cash in hand. A lot of those folks you see shopping aren't qualifying and the homes go unsold.[/quote]
No more 100% loans if you don't have at least 10% down
you will not qualify[/quote]
Not true. I just bought a house at the end of October. My credit is not good as I just filed bankruptcy 2 years ago. No money down, financed 100%

 

[ibified]

Exactly. My wife and I have great credit and we got our financing without a problem. We arent being REQUIRED to put anything down, but we're putting 15% down anyway.

I still fail to see the issue with oil companies making money hand over fist based on supply and demand. If you're that unhappy with it, drive less, buy a hybrid car, and dont do any pleasure riding on your motorcyele.

 

[cosmo]

<div class="iF-Passage"><div class="QUOTEHEAD">Quote:

<div class="QUOTE clearfix"><span class="quoteBegin"> </span>
Here's my take on if we have a recession....can I, an average american with really good credit and a stable so/so job go out and get a loan for a house? Yes.
If we were in such horrid trouble, I would be turned down.

Not to argue your points (although I do disagree) but have you applied for a mortgage in the last 6 months? The day of the low/no deposit is over and you'll need a pile of cash in hand. A lot of those folks you see shopping aren't qualifying and the homes go unsold.

No more 100% loans if you don't have at least 10% down
you will not qualify[/quote]
Not true.  I just bought a house at the end of October.  My credit is not good as I just filed bankruptcy 2 years ago.  No money down, financed 100%[/quote]
The realtors here wouldn't waste they're time showing you a house without $30k+ in CASH and a credit score above 700.
Bankruptcy....omg

 

[ibified]

Cosmo,

You must live in the only area of the country that isn't in a housing slump then, because around here, they're DYING to get homes sold.

 

[DaCol.]

There's ALWAYS Golden opportunities out there all the time

. Ya just have to look

 for'em !! Housing is still great for those who aren't overhead in debt

, and there are LOTS of homes to choose from

 

[SAMBUSA]

Cosmo,

You must live in the only area of the country that isn't in a housing slump then, because around here, they're DYING to get homes sold.

If they sell, then no foreclosure.

 

[DaCol.]

Cosmo,

You must live in the only area of the country that isn't in a housing slump then, because around here, they're DYING to get homes sold.

Remember, he lives in California where a shack out here worth $15,000 is a Million Dollar Value in Kalifornia