Big Three Bailout

[kirbyfan]

Originally Posted by Manitou

OK, maybe so, but where do you think the rice comes from that they burn?

I love my 2000 CRV and 2001 Civic.

Civics are great! I find one or two crumpled up under the bumper of my Dodge Ram every now and then.

[user 6507]

Originally Posted by roni

I think there are some overarching things that we may be missing in this discussion.

One is the role of government in guaranteeing certain things - like health care security and retirement security for its citizens. Even for these things, at a minimum, which have been the hallmark of modern industrialized societies - well, for some reasons the USA has resisted joining the party, insisting that individuals and companies provide those two things.


I think we need to keep things going in the manufacturing realm while we figure out how the US is going to provide health care security to all of its residents in ways that do not bankrupt businesses or individuals. As Jacko has pointed out, this can be done at a far lower cost than is currently the case.

Until we figure out the major surgery that needs done in these important areas - health care security and income/retirement security - we need to apply band-aids to stanch the bleeding - in the form of family wage jobs for USA workers. We cannot let those disappear.

I keep thinking back to those plans that wanted to tie social security to the stock market.....

[kirbyfan]

Originally Posted by StephenB

I keep thinking back to those plans that wanted to tie social security to the stock market.....

Oh the drama!

Any idea what your ROI is with the stock market over the last 100 years? Its historically a very wise place to put your money....over the last 3 months not so much but unless you are only playing short term, its the best investment you can make.

[melliedee]

Originally Posted by kirbyfan

Those who are already retired are safe yes and the assets that those currently employed that they have built up are safe, thats it.

Then you are for the bailout. How do you expect that to happen if they fold?

[roni]

Originally Posted by kirbyfan

Oh the drama!

Any idea what your ROI is with the stock market over the last 100 years? Its historically a very wise place to put your money....over the last 3 months not so much but unless you are only playing short term, its the best investment you can make.

I am only 57, and have not bee in the stock market that long

I have increased our monthly allotment to the retirement savings plan twice in past few months, hoping that it is the buy low part of the cycle and that things will start heading higher over the couple of years - but it is not money I have to depend on to eat and stuff in the future.

[user 6507]

Originally Posted by kirbyfan

Oh the drama!

Any idea what your ROI is with the stock market over the last 100 years? Its historically a very wise place to put your money....over the last 3 months not so much but unless you are only playing short term, its the best investment you can make.

I don't have 100 years....already my 401 is a 101-second time I've lost a ton of money (well, not a ton, but enough) in my lifetime. I know I have lots of company. Tying SS to strictly the stock market would not be good, but that's a whole nuther topic.

[equinenut]

Originally Posted by kirbyfan

Oh the drama!

Any idea what your ROI is with the stock market over the last 100 years? Its historically a very wise place to put your money....over the last 3 months not so much but unless you are only playing short term, its the best investment you can make.

YIKES!

I kind of wanted to retire sometime before I hit 120.

[user 6507]

Originally Posted by equinenut

YIKES!

I kind of wanted to retire sometime before I hit 120.

Kind of what I had in mind too!

[kirbyfan]

Originally Posted by equinenut

YIKES!

I kind of wanted to retire sometime before I hit 120.

Originally Posted by StephenB

Kind of what I had in mind too!

You guys need to get a little education on the stock market as apparently you dont quite get the historical rate of return on it.

[kirbyfan]

Originally Posted by melliedee

Then you are for the bailout. How do you expect that to happen if they fold?

I am not for a complete bailout. I am for making sure that the retirement and benefits are safe and secure, that is all.

[kirbyfan]

Originally Posted by roni

I am only 57, and have not bee in the stock market that long

I have increased our monthly allotment to the retirement savings plan twice in past few months, hoping that it is the buy low part of the cycle and that things will start heading higher over the couple of years - but it is not money I have to depend on to eat and stuff in the future.

Stocks are on sale right now, you're a smart man Roni.

[roni]

Originally Posted by kirbyfan

You guys need to get a little education on the stock market as apparently you dont quite get the historical rate of return on it.

You asked what your ROI was over the last 100 years.

Hence the responses.

[kirbyfan]

Consider: If you had invested $1 in the U.S. stock market in 1926 and left it there until 1998, you would have suffered some sickening jolts--including the 1929 market crash and the 1987 mini-crash--along the way. In fact, big-company stocks lost value in 20 years out of 70, according to Ibbotson. But you also would have enjoyed some years in which your wealth soared. In the end, your $1 would have grown to a stunning $2,350.89.

Link is here.

[Jacko]

Originally Posted by Manitou

OK, maybe so, but where do you think the rice comes from that they burn?

I love my 2000 CRV and 2001 Civic.

I love my "now- a- business- vehicle" 1999 Accord!

[kirbyfan]

Originally Posted by roni

You asked what your ROI was over the last 100 years.

Hence the responses.

Quit playing games Roni. You, I and the others know exactly what I meant and it wasnt YOU personally. If it helps you "understand" better substitute "someones" or "a persons" or "the average" in place of "you"....but I think you really knew that anyway.