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 Posted: Fri Sep 26, 2008 9:14 pm Post subject: OT Leaping Faith |
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Patrick prompted my rant - I get so damn sick and tired of all the
idiots who believe what they hear in the media, as long as it supports
something they want to believe anyway, or gives them someone to blame,
for What Went Wrong in their lives:
Only an idiot tries to place blame in politics.
One hears on TV that This, tHis, and thIs - is causing "the most
massive tax increase in history!" (or any other highly charged
emotional issue you care to name)
The Democrats blame Republican scapegoats, the Republicans blame
Democrat scapegoats. Each side finds some emotional issue they can
take out of context or use as a partial truth to spin the emotion the
way they want it to run. All sides support Wall Street's agenda.
In the end the consumer pays. It doesn't really matter who raised
taxes or lowered taxes - the price of your lifestyle is what counts.
Inflation is a tax, higher consumer prices are a tax, cheap goods now
that ship jobs and production overseas is a tax with a slightly
deferred payment plan.
The system is designed, and works, by telling idiot A that one thing
is causing his problems and telling idiot B that another is causing
his problems. Both idiots are up in arms and "fighting injustice,"
(or high prices, low wages, high taxes, high inflation). Both idiots
are dissipating their ire and anger on the smoke and mirrors provided
for that purpose. Neither idiot is directing his wrath at the real
culprit - the game.
The game is simple to play - it has to be, idiots play it. The game
is absorbing - it keeps the rats occupied and discourages them from
poking their heads over the walls to see the extent of the maze - or
they wouldn't play.
"We" play "Their" game. No one who plays wins, there is no way to
win. The best you can do at the Game is to get a consolation prize or
two along the way. The prizes are small compared to the effort
expended but they keep people occupied. Really good prizes are at
risk of being taxed or taken over by the game. A really good player
can make into the higher tiers and get his name on the scoreboard -
most have to be born into it.
Most people die without any inkling they were ever playing a game.
There is a book called "Ishmael" by David Quinn that explains it
simply and far better than I can. He poses and answers the question
"How things got to be the way they are." It is a novel.
"The Wealth of Nations" by Adam Smith (free and on line) explains how
economics works (written in 17XX - stilted and relatively heavy
reading for the average American). It explains economics and
Capitalism without the hype and emotion. Volume One is all you need,
500 pages.
The first question to ask is "what do you want?" "Ishmael" addresses
that much better. There are a lot of web sites devoted to the book,
but reading the book is the only way to learn it. The web sites don't
do it justice - just some smitten people putting up blogs. You can't
read it without changing, it has that effect on people.
I have no financial interest - steal the damn book, buy a used copy,
or get it from a library, but read it. Read it if even if you don't
like to read. Read it if my description turns you off. Just read it.
--
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Patrick
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| Posted: Sat Sep 27, 2008 1:59 am Post subject: Re: OT Leaping Faith |
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"default" <default@defaulter.net> wrote ...
| Quote: | Patrick prompted my rant - I get so damn sick and tired of all the
idiots who believe what they hear in the media, as long as it supports
something they want to believe anyway, or gives them someone to blame,
for What Went Wrong in their lives:
Only an idiot tries to place blame in politics.
|
Excellent.
Let us put the blame where it beongs then.
With greedy bastards who are looking to screw someone else.
This includes the jerks who allowed bad loans.
And it includes the stupid homeowners who decided to take out second
mortgages on their homes because the equity appeared to go up. What did
they use this money for? They used it on vacations, new cars, and other
shit that they did not need but they merely WANTED.
Now these same whiners can't keep up with the mortgage payments and are
losing their homes. WAAHHHHH. Tough shit. WHo is responsibible for acting
like an adult here? Is the bankers' faults since they were so loose with
the money? Is it the politicians fault for not regulating the industry? Is
it Reagan's fault for deregulating the banking business? Let's throw blame
everywhere except the stupid bastard homeowner who borrowed the money
without regard to what this MIGHT do to their families later.....
| Quote: | One hears on TV that This, tHis, and thIs - is causing "the most
massive tax increase in history!" (or any other highly charged
emotional issue you care to name)
The Democrats blame Republican scapegoats, the Republicans blame
Democrat scapegoats. Each side finds some emotional issue they can
take out of context or use as a partial truth to spin the emotion the
way they want it to run. All sides support Wall Street's agenda.
|
Not quite all.
There are a few conservative republicans who want the wall street punks to
fall on their own.
When ENRON went down, how much did this affect the average joe? When all
the dot com stocks rose and crashed, who took the beatings?
Who NEEDS to take the beatings?
The government "FIXED" the savings and loan debacle. They fixed the airline
industry. They fixed Chrysler when it was heading down.
Is there a real fix? Is there a "correct" fix?"
The only fix we must do is to put confidence back into the system. When
confidence falls, everything else goes to shit.
| Quote: | In the end the consumer pays. It doesn't really matter who raised
taxes or lowered taxes - the price of your lifestyle is what counts.
Inflation is a tax, higher consumer prices are a tax, cheap goods now
that ship jobs and production overseas is a tax with a slightly
deferred payment plan.
The system is designed, and works, by telling idiot A that one thing
is causing his problems and telling idiot B that another is causing
his problems. Both idiots are up in arms and "fighting injustice,"
(or high prices, low wages, high taxes, high inflation). Both idiots
are dissipating their ire and anger on the smoke and mirrors provided
for that purpose. Neither idiot is directing his wrath at the real
culprit - the game.
The game is simple to play - it has to be, idiots play it. The game
is absorbing - it keeps the rats occupied and discourages them from
poking their heads over the walls to see the extent of the maze - or
they wouldn't play.
"We" play "Their" game. No one who plays wins, there is no way to
win. The best you can do at the Game is to get a consolation prize or
two along the way. The prizes are small compared to the effort
expended but they keep people occupied. Really good prizes are at
risk of being taxed or taken over by the game. A really good player
can make into the higher tiers and get his name on the scoreboard -
most have to be born into it.
Most people die without any inkling they were ever playing a game.
There is a book called "Ishmael" by David Quinn that explains it
simply and far better than I can. He poses and answers the question
"How things got to be the way they are." It is a novel.
"The Wealth of Nations" by Adam Smith (free and on line) explains how
economics works (written in 17XX - stilted and relatively heavy
reading for the average American). It explains economics and
Capitalism without the hype and emotion. Volume One is all you need,
500 pages.
The first question to ask is "what do you want?" "Ishmael" addresses
that much better. There are a lot of web sites devoted to the book,
but reading the book is the only way to learn it. The web sites don't
do it justice - just some smitten people putting up blogs. You can't
read it without changing, it has that effect on people.
I have no financial interest - steal the damn book, buy a used copy,
or get it from a library, but read it. Read it if even if you don't
like to read. Read it if my description turns you off. Just read it. |
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default
Guest
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| Posted: Sat Sep 27, 2008 11:11 pm Post subject: Re: OT Leaping Faith |
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On Fri, 26 Sep 2008 19:44:06 -0400, "Patrick" <barker_pb@erinot.com>
wrote:
| Quote: | Not quite all.
There are a few conservative republicans who want the wall street punks to
fall on their own.
|
Or so they say publicly. How do they vote? How did they vote?
That's the problem with using the information you get in the media to
help justify what you want to believe. They all lie - they may vote
the way you think they should, once in a while.
| Quote: | When ENRON went down, how much did this affect the average joe? When all
the dot com stocks rose and crashed, who took the beatings?
|
Funny you should mention the dot coms - I would have thought that
particular bubble would have woken them up to the housing bubble - but
no.
What that tells me is that there's entirely too much credit around.
| Quote: |
Who NEEDS to take the beatings?
|
Wall Street firms clutching bad debt?
| Quote: |
The government "FIXED" the savings and loan debacle. They fixed the airline
industry. They fixed Chrysler when it was heading down.
Is there a real fix? Is there a "correct" fix?"
No. |
I bought a new Chrysler - I will never buy another American vehicle.
New truck - peeling paint - repainted, every little stinking plastic
trim piece falls off, the rear view mirror falls off (flat mount won't
stick to a curved windshield), brakes were forever locking up until I
changed the calipers, gas gauge never registered correctly, every
little thing squeaks, speedometer works when it wants to, odometer
gave up working, overdrive works when the speedometer feels like
working, the automatic hubs aren't, the anti lock brakes don't, the
door weather stripping lasted one season, the original tires wore out
in record time (one had a tread separation and blow out), windshield
wiper motor died when water got in it (they left out a gasket) (and
that's not the whole list)
My ancient 1972 Land Cruiser - one radiator hose, one clutch, one set
of brake linings - in 15 years.
Dodge - "Built Ram Tough!" Hah! If rams were built Dodge Tough -
they'd be extinct.
| Quote: | The only fix we must do is to put confidence back into the system. When
confidence falls, everything else goes to shit.
|
They say everything comes tumbling down - but all that's at risk are
the overextended brokers and banks. Pay the insured deposits and let
the banks reorganize themselves. Don't wait for me to cry for an
investment banker or broker.
People can't borrow money? The ones with good credit aren't having
any problems. Maybe people should borrow less.
There's one thing I do know - if the banks and brokers take the rap,
They will damn sure regulate themselves so it doesn't happen again -
this problem once solved (if solved) will just reoccur if the
government bails them out.
--
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Patrick
Guest
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| Posted: Sun Sep 28, 2008 1:03 am Post subject: Re: OT Leaping Faith |
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"default" <default@defaulter.net> wrote
| Quote: | I bought a new Chrysler - I will never buy another American vehicle.
New truck - peeling paint - repainted, every little stinking plastic
trim piece falls off, the rear view mirror falls off (flat mount won't
stick to a curved windshield), brakes were forever locking up until I
changed the calipers, gas gauge never registered correctly, every
little thing squeaks, speedometer works when it wants to, odometer
gave up working, overdrive works when the speedometer feels like
working, the automatic hubs aren't, the anti lock brakes don't, the
door weather stripping lasted one season, the original tires wore out
in record time (one had a tread separation and blow out), windshield
wiper motor died when water got in it (they left out a gasket) (and
that's not the whole list)
|
I bought a new Ford Taurus in 1987. It fell apart faster than the 1982
Volvo that I drove 10 years after the Ford died.
| Quote: | They say everything comes tumbling down - but all that's at risk are
the overextended brokers and banks. Pay the insured deposits and let
the banks reorganize themselves. Don't wait for me to cry for an
investment banker or broker.
People can't borrow money? The ones with good credit aren't having
any problems. Maybe people should borrow less.
There's one thing I do know - if the banks and brokers take the rap,
They will damn sure regulate themselves so it doesn't happen again -
this problem once solved (if solved) will just reoccur if the
government bails them out.
|
I agree.
However, we must do something that will shore up confidence in the system.
That is the only thing that will destroy our financial institutions. |
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Thommadura
Guest
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| Posted: Sun Sep 28, 2008 1:09 am Post subject: Re: OT Leaping Faith |
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Patrick wrote:
| Quote: | "default" <default@defaulter.net> wrote
I bought a new Chrysler - I will never buy another American vehicle.
New truck - peeling paint - repainted, every little stinking plastic
trim piece falls off, the rear view mirror falls off (flat mount won't
stick to a curved windshield), brakes were forever locking up until I
changed the calipers, gas gauge never registered correctly, every
little thing squeaks, speedometer works when it wants to, odometer
gave up working, overdrive works when the speedometer feels like
working, the automatic hubs aren't, the anti lock brakes don't, the
door weather stripping lasted one season, the original tires wore out
in record time (one had a tread separation and blow out), windshield
wiper motor died when water got in it (they left out a gasket) (and
that's not the whole list)
I bought a new Ford Taurus in 1987. It fell apart faster than the 1982
Volvo that I drove 10 years after the Ford died.
They say everything comes tumbling down - but all that's at risk are
the overextended brokers and banks. Pay the insured deposits and let
the banks reorganize themselves. Don't wait for me to cry for an
investment banker or broker.
People can't borrow money? The ones with good credit aren't having
any problems. Maybe people should borrow less.
There's one thing I do know - if the banks and brokers take the rap,
They will damn sure regulate themselves so it doesn't happen again -
this problem once solved (if solved) will just reoccur if the
government bails them out.
I agree.
However, we must do something that will shore up confidence in the system.
That is the only thing that will destroy our financial institutions.
|
Interesting about the Taurus
I have had several Mercury Sables
My 87 went 210,000 miles
My 92 I am just getting rid of - has 248,000 miles.
Still gets 30MPG Highway - but the fuel pump needs replacing (In the tank!)
I Have a 99 that just broke 100,000 miles as well
Same car are the Taurus |
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default
Guest
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| Posted: Sun Sep 28, 2008 2:13 am Post subject: Re: OT Leaping Faith |
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On Sat, 27 Sep 2008 16:03:58 -0400, "Patrick" <barker_pb@erinot.com>
wrote:
| Quote: | "default" <default@defaulter.net> wrote
I bought a new Chrysler - I will never buy another American vehicle.
New truck - peeling paint - repainted, every little stinking plastic
trim piece falls off, the rear view mirror falls off (flat mount won't
stick to a curved windshield), brakes were forever locking up until I
changed the calipers, gas gauge never registered correctly, every
little thing squeaks, speedometer works when it wants to, odometer
gave up working, overdrive works when the speedometer feels like
working, the automatic hubs aren't, the anti lock brakes don't, the
door weather stripping lasted one season, the original tires wore out
in record time (one had a tread separation and blow out), windshield
wiper motor died when water got in it (they left out a gasket) (and
that's not the whole list)
I bought a new Ford Taurus in 1987. It fell apart faster than the 1982
Volvo that I drove 10 years after the Ford died.
|
My friend (co-worker acquaintance whatever - his wife and I were
"soul mates" and lunch buddies - you know the woman you might have
married if you and she were single?) -anyhow he bought a Volvo. Took
more paperwork than buying a house according to him. He drove it like
it was a house - too expensive? He'd drive to lunch since I had a
bike. I got to drive it one time and it was like my BMW, fast as all
get out, with lots of torque, a real sports car even if it didn't look
sporty.
Ten years later he was still driving it - bad throw out bearing and
all. He said the only thing he did was replace the tires.
These days he drives a Maserati, and is single, but he still drives
slow - just sounds great in the parking lot.
| Quote: |
My Dodge was '91 new - for the $16K I spent I could have had the Land |
Cruiser restored by a pro, to mint condition, for a lot less.
But all y' gotta do is be able to spell T.O.Y.O.T.A.
My wife bought one new and sold it with 260,000 miles on it for
$3,000. She only drove it 15 years and paid ~$8,000 new. She's
driving a new ('93) one now with ~90,000 miles on it.
If you want transportation: Toyota. And this latest one is even fun
to drive ($16K). 6 speed on the floor, and a cruise control that is
simply wonderful - digital (a little messy picking up to your last
speed, but the jog function is worth it - goose it up or down by one
mile per hour).
| Quote: |
They say everything comes tumbling down - but all that's at risk are
the overextended brokers and banks. Pay the insured deposits and let
the banks reorganize themselves. Don't wait for me to cry for an
investment banker or broker.
People can't borrow money? The ones with good credit aren't having
any problems. Maybe people should borrow less.
There's one thing I do know - if the banks and brokers take the rap,
They will damn sure regulate themselves so it doesn't happen again -
this problem once solved (if solved) will just reoccur if the
government bails them out.
I agree.
However, we must do something that will shore up confidence in the system.
That is the only thing that will destroy our financial institutions.
|
Where does this "WE MUST do something" come from? We were told by the
treasury secretary, who just moved from Goldman Sachs (an investment
bank) that we must "do something." It isn't like George Bush has two
working synapses he can rub together to make a decision or judgment.
Mr. Paulson is going to be bailing out Goldman Sachs. Am I the only
one in the world who sees a conflict of interest there?
The presidential's financial advisor is writing the law that gives him
unencumbered access to the treasury to spend 700 giga dollars, any way
he sees fit, and he's even written into the bill that he can't be
tried in court?
He sold his holdings? So did Cheeney - and Halliburton is (our)gold
(standard).
We need a few professors of economics who don't belong to Wall Street
to tell us what they think.
I know from my own life's experience that any purchase made in haste
is invariably bad. Not always totally bad, but never optimal. If I
wait I make better decisions when it comes to spending money. I'm
guessing congress has no such collective wisdom. These idiots just
want a quick fix for the media so they can get back to what's
important - getting re elected.
We are TOLD we must "shore up confidence" by the foxes. I'm guessing
if we do nothing it will be unpleasant for a year or two. I'm
thinking that this bailout will mean a devaluation of the currency
through inflation. We just can't keep minting quarters when the metal
they contain is worth more than a quarter - they will be melted down
and force a "revaluation," give us your old dollars and buy new ones.
Very bad for retirees who's only source of wealth is old (worth less)
dollars, very bad for anyone who bought into the government idea that
we should save more.
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Guest
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| Posted: Sun Sep 28, 2008 2:27 am Post subject: Re: OT Leaping Faith |
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|
On Sat, 27 Sep 2008 16:09:13 -0400, Thommadura
<tommadura@optonline.net> wrote:
| Quote: | Interesting about the Taurus
I have had several Mercury Sables
My 87 went 210,000 miles
My 92 I am just getting rid of - has 248,000 miles.
Still gets 30MPG Highway - but the fuel pump needs replacing (In the tank!)
|
You'd be a fool to sell it for that reason (only). Fuel pump in the
tank is no more effort than on the engine most days - usually four
bolts to drop the tank and two or four more to remove the pump. In
the engine (mechanical pump) you might run the risk of dropping the
pusher rod into the crankcase on some Chevy's - that's a bear.
| Quote: |
I Have a 99 that just broke 100,000 miles as well
Same car are the Taurus
|
My buddy only buys used Toyotas. 200K is no problem to him, cost is
low and they still have >100K left in them. The last one he cut the
roof off to make a convertible, then added some fake plastic/leather
covering. He drove it for years with no maintenance - he did have to
turn on the defrost fan to keep the convertible top inflated so rain
would roll off - and getting the door to close while seated was a
trick - the weighted frame bent without the roof in place.
Engine by Timex, body by Rustolium.
--
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Patrick
Guest
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| Posted: Sun Sep 28, 2008 4:22 am Post subject: Re: OT Leaping Faith |
|
|
"Thommadura" <tommadura@optonline.net> wrote ...
| Quote: | Patrick wrote:
I bought a new Ford Taurus in 1987. It fell apart faster than the 1982
Volvo that I drove 10 years after the Ford died.
Interesting about the Taurus
I have had several Mercury Sables
My 87 went 210,000 miles
My 92 I am just getting rid of - has 248,000 miles.
Still gets 30MPG Highway - but the fuel pump needs replacing (In the
tank!)
I Have a 99 that just broke 100,000 miles as well
Same car are the Taurus
|
Don't get me too wrong. I really liked that Taurus. It was American made
and I really liked the idea of owning American products. It was comfortable
and amazing. Until the paint peeled. And the aircon stopped working. Tell
me about your paint. We both know the answer. My water pump went out way
too early. I had the wagon and it held 8 people. We used it to haul the
kids everywhere. My kids hated it. I also replaced the fuel pump in the
fuel tank. It was completely worn out in 7 years. I stopped using it for 3
years while I was overseas and traded it in for a 2001 Honda Odyssey. (I
got $ 250 for it on trade in.) And then since the dealer forgot to pull the
plates, it was sold and used in a stick up and a few hit and run accidents.
Allstate called me every day. The cops had me come down to their office.
Fuckin Taurus. We drove a Volvo for 20 years. We have been driving a
Toyota for 12 years and it looks nearly new. And he 2001 Honda works like a
dream. Everything works on the foreign cars. Even the aircon and the
electric windows worked on the 20 year old Volvo when I traded it in. |
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Patrick
Guest
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| Posted: Sun Sep 28, 2008 4:25 am Post subject: Re: OT Leaping Faith |
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"default" <default@defaulter.net> wrote
| Quote: | My buddy only buys used Toyotas. 200K is no problem to him, cost is
low and they still have >100K left in them. The last one he cut the
roof off to make a convertible, then added some fake plastic/leather
covering. He drove it for years with no maintenance - he did have to
turn on the defrost fan to keep the convertible top inflated so rain
would roll off - and getting the door to close while seated was a
trick - the weighted frame bent without the roof in place.
Engine by Timex, body by Rustolium.
|
My son-in-law owns an 89 Corolla that was totalled (and still rebuilt) in
2003.
He gets great mileage from it and it drives well in the snow. They just
purchased a new 2007 Corolla that my daughter drives to work. |
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Patrick
Guest
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| Posted: Sun Sep 28, 2008 4:38 am Post subject: Re: OT Leaping Faith |
|
|
"default" <default@defaulter.net> wrote
| Quote: | , "Patrick" <barker_pb@erinot.com>> wrote:
I bought a new Ford Taurus in 1987. It fell apart faster than the 1982
Volvo that I drove 10 years after the Ford died.
My friend (co-worker acquaintance whatever - his wife and I were
"soul mates" and lunch buddies - you know the woman you might have
married if you and she were single?) -anyhow he bought a Volvo. Took
more paperwork than buying a house according to him. He drove it like
it was a house - too expensive? He'd drive to lunch since I had a
bike. I got to drive it one time and it was like my BMW, fast as all
get out, with lots of torque, a real sports car even if it didn't look
sporty.
|
I was in germany in 1982 when the Base Exchange (BX) brought some American
cars over for a car show to sell to the military folks over there. My wife
and I decided to purchase a new vehicle when I got promoted, but we were so
disappointed in the prices of those 82 cars over there. We left the car
show and on the way home, I saw a Volvo dealer. We stopped on a lark and
found the prices equal to the Chryslers and Fords on the lot. Why not
purchase a Volvo for the same price? We bought it. And kept it for 20
years. I had to drag my wife out of the car when I traded it in. I thought
a vibrant grandma should be driving a new van with her grandchildren around
town. When I brought home the Honda, she grabbed the keys to the Camry and
said she was happy now.
| Quote: | Ten years later he was still driving it - bad throw out bearing and
all. He said the only thing he did was replace the tires.
|
The onlt thing I had wrong with the Volvo was a sunroof that leaked.
| Quote: | These days he drives a Maserati, and is single, but he still drives
slow - just sounds great in the parking lot.
My Dodge was '91 new - for the $16K I spent I could have had the Land
Cruiser restored by a pro, to mint condition, for a lot less.
But all y' gotta do is be able to spell T.O.Y.O.T.A.
My wife bought one new and sold it with 260,000 miles on it for
$3,000. She only drove it 15 years and paid ~$8,000 new. She's
driving a new ('93) one now with ~90,000 miles on it.
|
I'll never be able to get my wife out of her 97 Camry.
And I admit it drives very well. I'll probably put two new front tires
on it for the winter driving...
| Quote: | If you want transportation: Toyota. And this latest one is even fun
to drive ($16K). 6 speed on the floor, and a cruise control that is
simply wonderful - digital (a little messy picking up to your last
speed, but the jog function is worth it - goose it up or down by one
mile per hour).
|
| Quote: | However, we must do something that will shore up confidence in the system.
That is the only thing that will destroy our financial institutions.
Where does this "WE MUST do something" come from? We were told by the
treasury secretary, who just moved from Goldman Sachs (an investment
bank) that we must "do something." It isn't like George Bush has two
working synapses he can rub together to make a decision or judgment.
Mr. Paulson is going to be bailing out Goldman Sachs. Am I the only
one in the world who sees a conflict of interest there?
|
Has Goldman Sachs gone under?
| Quote: | The presidential's financial advisor is writing the law that gives him
unencumbered access to the treasury to spend 700 giga dollars, any way
he sees fit, and he's even written into the bill that he can't be
tried in court?
He sold his holdings? So did Cheeney - and Halliburton is (our)gold
(standard).
We need a few professors of economics who don't belong to Wall Street
to tell us what they think.
|
At least Congress is talking about it now. The more they talk, the
better it is for the country. They will eventually drop all the loopholes
that special interests are trying to put in.
| Quote: | I know from my own life's experience that any purchase made in haste
is invariably bad. Not always totally bad, but never optimal. If I
wait I make better decisions when it comes to spending money. I'm
guessing congress has no such collective wisdom. These idiots just
want a quick fix for the media so they can get back to what's
important - getting re elected.
|
You certainly are correct here.
| Quote: | We are TOLD we must "shore up confidence" by the foxes. I'm guessing
if we do nothing it will be unpleasant for a year or two. I'm
thinking that this bailout will mean a devaluation of the currency
through inflation. We just can't keep minting quarters when the metal
they contain is worth more than a quarter - they will be melted down
and force a "revaluation," give us your old dollars and buy new ones.
|
Same with the pennies....
| Quote: | Very bad for retirees who's only source of wealth is old (worth less)
dollars, very bad for anyone who bought into the government idea that
we should save more.
|
Not me.
I saved enough.
I spend what comes in, and can hunker down for years if times get tough. |
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| Posted: Sun Sep 28, 2008 5:18 am Post subject: Re: OT Leaping Faith |
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On Sat, 27 Sep 2008 19:25:38 -0400, "Patrick" <barker_pb@erinot.com>
wrote:
| Quote: | "default" <default@defaulter.net> wrote
My buddy only buys used Toyotas. 200K is no problem to him, cost is
low and they still have >100K left in them. The last one he cut the
roof off to make a convertible, then added some fake plastic/leather
covering. He drove it for years with no maintenance - he did have to
turn on the defrost fan to keep the convertible top inflated so rain
would roll off - and getting the door to close while seated was a
trick - the weighted frame bent without the roof in place.
Engine by Timex, body by Rustolium.
My son-in-law owns an 89 Corolla that was totalled (and still rebuilt) in
2003.
He gets great mileage from it and it drives well in the snow. They just
purchased a new 2007 Corolla that my daughter drives to work.
BMW's are nice - great even. |
Thou shalt not disparage Toyota. God has created Toyota in his own
likeness of a car, and all who abide in heaven wilt have owned, loved
and driven Toyota. So sayeth I.
Yeah, but I still want an old four cylinder WWII Willy's Jeep, to love
and cherish.
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| Posted: Sun Sep 28, 2008 6:14 am Post subject: Re: OT Leaping Faith |
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|
On Sat, 27 Sep 2008 19:38:40 -0400, "Patrick" <barker_pb@erinot.com>
wrote:
| Quote: | "default" <default@defaulter.net> wrote
, "Patrick" <barker_pb@erinot.com>> wrote:
I bought a new Ford Taurus in 1987. It fell apart faster than the 1982
Volvo that I drove 10 years after the Ford died.
My friend (co-worker acquaintance whatever - his wife and I were
"soul mates" and lunch buddies - you know the woman you might have
married if you and she were single?) -anyhow he bought a Volvo. Took
more paperwork than buying a house according to him. He drove it like
it was a house - too expensive? He'd drive to lunch since I had a
bike. I got to drive it one time and it was like my BMW, fast as all
get out, with lots of torque, a real sports car even if it didn't look
sporty.
I was in germany in 1982 when the Base Exchange (BX) brought some American
cars over for a car show to sell to the military folks over there. My wife
and I decided to purchase a new vehicle when I got promoted, but we were so
disappointed in the prices of those 82 cars over there. We left the car
show and on the way home, I saw a Volvo dealer. We stopped on a lark and
found the prices equal to the Chryslers and Fords on the lot. Why not
purchase a Volvo for the same price? We bought it. And kept it for 20
years. I had to drag my wife out of the car when I traded it in. I thought
a vibrant grandma should be driving a new van with her grandchildren around
town. When I brought home the Honda, she grabbed the keys to the Camry and
said she was happy now.
Glad you were able to get an overseas car. I was in PR with a Pontiac |
Tempest (la mans) and thought I could get a Triumph TR4 for the trip
to the West coast - timing is everything I would have had to pay a ton
in import duties and taxes..
I bolted a luggage rack from a Rambler on the Tempest,(after getting
to NJ in the states) parked the tent and cooler up there and off we
went - in style. The TR4 would have been cramped with a kid. I did
get to drive an MG midget in PR (just like a motorcycle) and some
Triumph convertible with a hood two blocks long and wood paneling.
Doubtless a one of a kind car - but I was too rational at the time.
But if one has to drive a four wheeled car - the MG midget is as good
as it gets.
I keep telling myself it would have been a hassle to get the Triumph
convertible with the long hood repaired. But the Pontiac was a hassle
too and I learned auto repair on it. The Triumph would have been the
better teacher. and that hood - miles of slinky sensual sculpted fire
engine red hood out there in the front, and just a little two person
cockpit with varnished wood and chrome.
Young and dumb.
| Quote: |
Ten years later he was still driving it - bad throw out bearing and
all. He said the only thing he did was replace the tires.
The onlt thing I had wrong with the Volvo was a sunroof that leaked.
That's pretty minor.
These days he drives a Maserati, and is single, but he still drives
slow - just sounds great in the parking lot.
My Dodge was '91 new - for the $16K I spent I could have had the Land
Cruiser restored by a pro, to mint condition, for a lot less.
But all y' gotta do is be able to spell T.O.Y.O.T.A.
My wife bought one new and sold it with 260,000 miles on it for
$3,000. She only drove it 15 years and paid ~$8,000 new. She's
driving a new ('93) one now with ~90,000 miles on it.
I'll never be able to get my wife out of her 97 Camry.
And I admit it drives very well. I'll probably put two new front tires
on it for the winter driving...
|
eegsacly Camry rules. Fun to drive, excellent gas mileage, low
maintenance. Excellent personal transportation - that can haul 2X10's
with the fold down rear seat.
| Quote: |
If you want transportation: Toyota. And this latest one is even fun
to drive ($16K). 6 speed on the floor, and a cruise control that is
simply wonderful - digital (a little messy picking up to your last
speed, but the jog function is worth it - goose it up or down by one
mile per hour).
However, we must do something that will shore up confidence in the system.
That is the only thing that will destroy our financial institutions.
Where does this "WE MUST do something" come from? We were told by the
treasury secretary, who just moved from Goldman Sachs (an investment
bank) that we must "do something." It isn't like George Bush has two
working synapses he can rub together to make a decision or judgment.
Mr. Paulson is going to be bailing out Goldman Sachs. Am I the only
one in the world who sees a conflict of interest there?
Has Goldman Sachs gone under?
|
Not yet. It's "in trouble." Henry Paulson just left GS to take a
post as treasury secretary, and will be sending money to GS to buy
their bad debt if the bailout goes through.
| Quote: |
The presidential's financial advisor is writing the law that gives him
unencumbered access to the treasury to spend 700 giga dollars, any way
he sees fit, and he's even written into the bill that he can't be
tried in court?
He sold his holdings? So did Cheeney - and Halliburton is (our)gold
(standard).
We need a few professors of economics who don't belong to Wall Street
to tell us what they think.
At least Congress is talking about it now. The more they talk, the
better it is for the country. They will eventually drop all the loopholes
that special interests are trying to put in.
I like to dream too. If only people entrusted with power, trusted in |
the people they derive their power from.
I could believe in god sooner than I could believe in those people.
| Quote: |
I know from my own life's experience that any purchase made in haste
is invariably bad. Not always totally bad, but never optimal. If I
wait I make better decisions when it comes to spending money. I'm
guessing congress has no such collective wisdom. These idiots just
want a quick fix for the media so they can get back to what's
important - getting re elected.
You certainly are correct here.
We are TOLD we must "shore up confidence" by the foxes. I'm guessing
if we do nothing it will be unpleasant for a year or two. I'm
thinking that this bailout will mean a devaluation of the currency
through inflation. We just can't keep minting quarters when the metal
they contain is worth more than a quarter - they will be melted down
and force a "revaluation," give us your old dollars and buy new ones.
Same with the pennies....
|
Yes. And we went from copper to zinc and the zinc is more expensive
than a penny
| Quote: |
Very bad for retirees who's only source of wealth is old (worth less)
dollars, very bad for anyone who bought into the government idea that
we should save more.
Not me.
I saved enough.
I spend what comes in, and can hunker down for years if times get tough.
Sure me too. |
The only problem . . if I have 10 million dollars in the bank - how do
I pay for a loaf or bread at $100,000.00? That's a hundred loaves -
but I just might live longer than four months.
And, with me, its the principle of the thing. I'd rather bleed than
capitulate to government swine. I do have my pride, after all.
Better dead doing what your believe is right - than living under a
yoke begging swine for crumbs.
But that's just my opinion - I think T. Jefferson, and J.P. Henry
would agree.
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