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tag wrote: »
because you’re Offended Doesn’t mean you right!
Former Mini Mart Magnate
I am just here for my amusement.
cadman wrote: »
cadman wrote: »
The economy. I am not going to blame the government for the recession. My business is retail. Retail is just now back up to 2006 numbers. But I took on significant debt to survive 2008, 2009, and 2010. That is going to take time to recover from. My business, like most other convenience stores in this area are still down in sales due to many factors.
Should I have taken an offer to sell in 2007? That was one mistake I made, but then if I knew this recession was coming I would have sold.
Should I have reacted faster to the downturn in sales? Probably, but if I known the recession would be this bad and our President incompetent, I would have,
So it was partly my fault for not seeing the recession coming and not reacting quick enough when it did hit. Is it the Governments fault for not taking the correct action to pull us out of this crappy economy, I believe so. I think if Obama had spent his first year focused on the economy instead of healthcare, we would be better off financially right now instead of worried another recession is going to hit us early next year.
Between cashing out my retirement and other stocks at a loss to survive, the loss in value of my business due to the fact no one is buying in this economy except the bottom feeders looking for a deal, and the decrease in my home value, I lost about $500,000 due to the recession. I could have sold out in 2007, not worked a day since and be better off. But, as I said, if I only knew what was going to happen back then.
frank wrote: »
WALL STREET & CORPORATE PROFITS (for the major corporations)
Petealan wrote: »
I can't believe I actually agree with a Gville Resident, gotta be a first. I'm in the same boat as you, as well as tens of millions of other Americans. The only trouble with cashing out back then is that the interest on cash was/is .5% and dividends on high paying stocks is only 3-4%, so without spending our capitol for living expenses, it would be a pretty frugal living (by my standards).
Petealan wrote: »
What Wall Street is doing really has nothing to do with our economy for the average taxpayer. Does it affect the average TP because Apple is at $700 and Google is at $650?
Conchy Cracker wrote: »
Interesting observation here. Everyone who sucked the cash out of their real estate or bought in an inflated market are the ones now blaming Obama for their ignorance and hoping Romney will bring back those days of no responsibility for your actions. Losing 1/2 million in real estate and telling everyone about it is fricken priceless.....
Bimini Twisted wrote: »
Ironic that the party of personal responsibility can do nothing but blame the bad man in the White House for their personal foibles and failures.
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