“It's unfortunate for us Dems out here. I was really looking forward to those "gripping" intellectual debates between Palin and Jindal.
Unfortunately, this gives the GOP more time to figure out they haven't got it figured out yet. Maybe there's another brown skinned or breast enabled candidate in their party who's got something to offer. Now they have the time to ferret him/her out. Rats!”
hrholmes on Feb 28, 2009 at 10:55:37
“I'm holding onto the hopes and prayers of a Palin - Bachmann 'debate' and then Repub ticket. I'll even donate to see that too! wahahaha”
“This practice has been employed by nearly every credit card company. It actually has some logic behind it.
By lowering their cardholders credit lines they have reduced their overall exposure, or potential debt. In doing so, they become more attractive to other banks who are looking to loan them money. In the long term, they save money on their short-term loans, have more capital to loan us, and so on, and so on.....
In short, pay your entire monthly bill if you can. Cut up your cards if you can't. Borrow against your home if the rates get out of control on the debt you can't pay. If you can't borrow against your home? You are, in the words of the great proverb.....up sh*t's creek without a paddle. And I feel sorry for you. You should never have let your financial situation get this far out of your control. Shame on you, and shame on them for taking advantage of your shortsight.”
“The problem, in fact, is exactly the opposite dnp. The banks make a killing on those interest rates. Raising them another 5-10% is an instant windfall for them. In these hard economic times they are relying on people to run up huge debts so they can profit off of it.
We should all be striving to live as frugally as possible. We should be supporting our local businesses over the "big box" corporate profit centers. The issue I have is, these big companies enticed citizens into very favorable terms for using their cards as frequently as possible. I, for example, get a check back from Citibank every other month or so as part of a rebate program. Consequently, I use my card to pay for my everyday bills, when possible, and my monthly utility bills, which in turn increases the size of my rebate check. But to change the terms so drastically with little or no notice, while legal(thanks once again Bush II), is purely bad business.
In a best case scenario, someone could cut up their cards, live more frugally and still be drowning in debt off the money the banks enticed them to rack up in the first place. It's irresponsible, greedy and shortsighted of Citibank and others to operate in this fashion. If they're not careful, they'll put such a large dent in their "future borrowers pool" they'll never recover....that is, of course, if they can manage to stay afloat now.”
First off, I'm a big fan. Have been for years. Thanks for keepin' it real. Secondly, I think a few of the responders here have some legitimate concerns. I love your ideas for revamping the Big 3, but it just doesn't go far enough. There has to be some restitution for those of us out here who can't afford one of the new SCEV's. Maybe a tax credit for the purchase and installation labor for a retrofit? Or maybe some friendly financing? Whichever, or whatever, we need a marquee name to fight the fight....and it looks like you're it. I'm looking forward to the race in '09. I'd love to see you get a private sitdown with President-elect Obama and see what a couple of hippies could dream up. One of these days Neil, one of these days.....”