Comments for The Soapbox http://www.aaronkrug.com The ramblings of Aaron Krug Sat, 13 Mar 2010 00:40:46 +0000 http://wordpress.org/?v=2.6.2 Comment on Bailing Out Big Business by Susannah http://www.aaronkrug.com/bailing-out-big-business/#comment-20 Susannah Fri, 03 Oct 2008 05:51:06 +0000 http://www.aaronkrug.com/bailing-out-big-business/#comment-20 Some of my other friends have also suggested the said "building" the economy type plan. Many feel that this is an opportunity to rise from the grave, per se, and start over. Make a massive New Deal sort of plan focusing on Green Jobs and the green economy and energy alternatives and then the money will trickle back up. We can put in there great support for certain types of startups that deal with the green economy. I just don't know that consuming more in terms of money is going to get us out of this mess. I do worry about the effect on the credit markets this is going to have, but maybe we all have to go through this painful time and come out the other side with a different perspective. Remember people writing in books about how they were frugal their whole lives because they lived through the Depression? Maybe that's what we need again? I don't know. I'm just rambling, but what do you think? Some of my other friends have also suggested the said “building” the economy type plan. Many feel that this is an opportunity to rise from the grave, per se, and start over. Make a massive New Deal sort of plan focusing on Green Jobs and the green economy and energy alternatives and then the money will trickle back up. We can put in there great support for certain types of startups that deal with the green economy. I just don’t know that consuming more in terms of money is going to get us out of this mess. I do worry about the effect on the credit markets this is going to have, but maybe we all have to go through this painful time and come out the other side with a different perspective. Remember people writing in books about how they were frugal their whole lives because they lived through the Depression? Maybe that’s what we need again? I don’t know. I’m just rambling, but what do you think?

]]> Comment on Bailing Out Big Business by William http://www.aaronkrug.com/bailing-out-big-business/#comment-19 William Tue, 30 Sep 2008 16:30:28 +0000 http://www.aaronkrug.com/bailing-out-big-business/#comment-19 My plan is more modeled after the Interstate Highway Act back in the Ike days. Put money into infrastructure and jobs and then people will need banks to store said money from their paychecks. Put a big chunk into roads and the like but the majority into green energy. With green energy we would need to first build the plants to make the machines that would make the manufacturing machines and then actually use those machines to make the needed parts. The needed land and building helps increase real estate and construction which have been hard hit and puts manufacturing back on track. My plan is more modeled after the Interstate Highway Act back in the Ike days. Put money into infrastructure and jobs and then people will need banks to store said money from their paychecks. Put a big chunk into roads and the like but the majority into green energy. With green energy we would need to first build the plants to make the machines that would make the manufacturing machines and then actually use those machines to make the needed parts. The needed land and building helps increase real estate and construction which have been hard hit and puts manufacturing back on track.

]]> Comment on Bailing Out Big Business by Aaron Krug http://www.aaronkrug.com/bailing-out-big-business/#comment-18 Aaron Krug Mon, 29 Sep 2008 18:47:57 +0000 http://www.aaronkrug.com/bailing-out-big-business/#comment-18 NPR has it now, guess that makes it official. http://www.npr.org/templates/story/story.php?storyId=94997762 NPR has it now, guess that makes it official. http://www.npr.org/templates/story/story.php?storyId=94997762

]]> Comment on Bailing Out Big Business by Aaron Krug http://www.aaronkrug.com/bailing-out-big-business/#comment-17 Aaron Krug Mon, 29 Sep 2008 18:42:15 +0000 http://www.aaronkrug.com/bailing-out-big-business/#comment-17 Well the word on the street is that the first bailout plan was voted down in the house, from the count it looks like the Republicans came up short. Stock market just took a 400 point tumble in the last few minutes and it doesn't look like that's turning around. The plan, in my humble opinion, had accountability for all parties and provisions to help both the banks and the individual citizens. We can only hope we haven't just doomed ourselves into an inflationary spiral with a depression at the end of it. Well the word on the street is that the first bailout plan was voted down in the house, from the count it looks like the Republicans came up short. Stock market just took a 400 point tumble in the last few minutes and it doesn’t look like that’s turning around. The plan, in my humble opinion, had accountability for all parties and provisions to help both the banks and the individual citizens. We can only hope we haven’t just doomed ourselves into an inflationary spiral with a depression at the end of it.

]]> Comment on Bailing Out Big Business by Troy http://www.aaronkrug.com/bailing-out-big-business/#comment-16 Troy Mon, 29 Sep 2008 18:34:06 +0000 http://www.aaronkrug.com/bailing-out-big-business/#comment-16 This is a tricky situation to say the least. The candy store was wide open for not only the consumer but for the wall street elite that made coming up with new and exciting mortages something of a sport. I was shocked when applying for my last mortgage (2006) when I was told that I didn't have to prove anything about my job, salary, pets name...anything. Handing someone this kind of ability is dangerous and wall street was well aware of it. Many consumers simply didn't understand the language and legal terms used in their contracts. They had poor representation and big dreams. Both of which created much of this. Others were just greedy. The bail out in some form must take place. Until it is bailed out and for some time after the bail out, credit will become much harder to receive. Small business will suffer grately which is a big issue for me as I'm persoanlly effected by that. What scares me the most (and there is alot to be afraid of here) is that historically, when Washington (and especially the Bush Whitehouse) push through something quickly, it ends up costing tax payers a bundle more than it should have. 700billion dollars is an estimate. Just an estimate. And yet it is a necessity. My hope is that all will rebound to 2007 levels by end of 2009. The key in my opinion is accountability across the board. Let's hope the final approved plan has plenty of that. Thank you for the blog Aaron. Well done. This is a tricky situation to say the least. The candy store was wide open for not only the consumer but for the wall street elite that made coming up with new and exciting mortages something of a sport. I was shocked when applying for my last mortgage (2006) when I was told that I didn’t have to prove anything about my job, salary, pets name…anything. Handing someone this kind of ability is dangerous and wall street was well aware of it. Many consumers simply didn’t understand the language and legal terms used in their contracts. They had poor representation and big dreams. Both of which created much of this. Others were just greedy.

The bail out in some form must take place. Until it is bailed out and for some time after the bail out, credit will become much harder to receive. Small business will suffer grately which is a big issue for me as I’m persoanlly effected by that. What scares me the most (and there is alot to be afraid of here) is that historically, when Washington (and especially the Bush Whitehouse) push through something quickly, it ends up costing tax payers a bundle more than it should have. 700billion dollars is an estimate. Just an estimate. And yet it is a necessity. My hope is that all will rebound to 2007 levels by end of 2009. The key in my opinion is accountability across the board. Let’s hope the final approved plan has plenty of that.

Thank you for the blog Aaron. Well done.

]]> Comment on Bailing Out Big Business by Susannah http://www.aaronkrug.com/bailing-out-big-business/#comment-15 Susannah Mon, 29 Sep 2008 04:21:07 +0000 http://www.aaronkrug.com/bailing-out-big-business/#comment-15 The question truly is who do they care about. Obviously it is not us or anyone that actually votes for them! Why would Republicans balk so much at allowing judges to modify the terms of mortgage agreements when we are passing out $700B like its freakin' candy!?!?! I have real issues with the way this played out and I think that this should be a wakeup call for everyone out there who doesn't vote. Seriously, I am just so tired of people whining without actually doing anything to change the situation. The question truly is who do they care about. Obviously it is not us or anyone that actually votes for them! Why would Republicans balk so much at allowing judges to modify the terms of mortgage agreements when we are passing out $700B like its freakin’ candy!?!?! I have real issues with the way this played out and I think that this should be a wakeup call for everyone out there who doesn’t vote. Seriously, I am just so tired of people whining without actually doing anything to change the situation.

]]> Comment on Goodbye Democracy, Hello Police State by Angel http://www.aaronkrug.com/goodbye-democracy-hello-police-state/#comment-14 Angel Sat, 27 Sep 2008 21:12:46 +0000 http://www.aaronkrug.com/goodbye-democracy-hello-police-state/#comment-14 That IS going to be a very sad day. I didn't think I was going to be around to see when this kind of thing started happening in the US either, but here we are... That IS going to be a very sad day. I didn’t think I was going to be around to see when this kind of thing started happening in the US either, but here we are…

]]> Comment on Goodbye Democracy, Hello Police State by The Soapbox » Blog Archive » Bailing Out Big Business http://www.aaronkrug.com/goodbye-democracy-hello-police-state/#comment-13 The Soapbox » Blog Archive » Bailing Out Big Business Sat, 27 Sep 2008 06:14:00 +0000 http://www.aaronkrug.com/goodbye-democracy-hello-police-state/#comment-13 [...] The Soapbox The ramblings of Aaron Krug « Goodbye Democracy, Hello Police State [...] [...] The Soapbox The ramblings of Aaron Krug « Goodbye Democracy, Hello Police State [...]

]]> Comment on Goodbye Democracy, Hello Police State by Susannah http://www.aaronkrug.com/goodbye-democracy-hello-police-state/#comment-12 Susannah Fri, 26 Sep 2008 23:34:20 +0000 http://www.aaronkrug.com/goodbye-democracy-hello-police-state/#comment-12 It is unacceptable what the government is doing and I do agree that this financial crisis is yet another cover they are using to get things by us. I am not saying the financial crisis is not real because I think that it is and I am very concerned about it, however it will end up being yet another time that we let them get one over on us. It is unacceptable what the government is doing and I do agree that this financial crisis is yet another cover they are using to get things by us. I am not saying the financial crisis is not real because I think that it is and I am very concerned about it, however it will end up being yet another time that we let them get one over on us.

]]> Comment on Goodbye Democracy, Hello Police State by Dan http://www.aaronkrug.com/goodbye-democracy-hello-police-state/#comment-11 Dan Fri, 26 Sep 2008 16:47:00 +0000 http://www.aaronkrug.com/goodbye-democracy-hello-police-state/#comment-11 A terrible thing. Thanks for the info. A terrible thing. Thanks for the info.

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