Is the Economy hurting you? Tell me. UPDATED!
Okay..........I have a Car Audio store here in Portland, Oregon, and we are so busy...it is insane. I had to hire some more people last week. We have been in business for 23 years and we have NEVER seen it this busy. Now...Circuit City is gone, and many other small stores have vanished or soon will...but I don't get it?
My mom just got laid off after 20 years of employment at an attorneys office....and my dad is a professor of dentistry at OHSU (Big Dental college) here in Portland and they just laid off 1000 people last week. Some people are going to do good...and I guess others fail in this economy.
I want to read about your stories...
Thanks...
And trust me...I do not take my success for granted.
Peace.
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UPDATE
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Wow I have read all of the comments. It is amazing to read about what is going on. Thank you for sharing what is going on in your life.......... It is quite shocking to read.
Again.....thanks.




















work in healthcare in ny.
no more ot. hours rearranged. still have a job but moral is at an alltime low. hiring freeze except for nurses
I have owned my business for
I have owned my business for 20 years now.. it has never been like this.. I used to do 50 to 80 houses per month now down to 5-10... the housing industry has been in DEPRESSION now for 3 years.. it isn't coming out.
My family has done this type of work since 1951... it has never been this bad..
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
SIERRAHPBT
I just went out to Dell Webb's 55 + retirement community in Elgin, Illinois looking at their models. I'm guessing more than 60 % of the development has been sold and occupied before the housing bubble broke. The low end models have allegedly been reduced $40,000. It looks like they have only leveled off enough undeveloped land to build a couple dozen homes this summer rather than tackle all what's left. They offered to buy down my interest rate if I financed. Real estate taxes are 2.5 % in Kane County, Illinois, that's $5000 on a low end model per year. Too much to live in a cookie cutter look-alike community in my opinion. The interior of the homes are nice, but that is it. Oh yeah, everything you see in the basic model is all options, and if you got them all the house would cost oodles more.
http://www.pulte.com/delwebb/communities/il/elgin/edgewater/...
A big fall !
My daughters girlfriends husband a salesman with the big house, affluent suburb, two cabin cruiser Lake Michigan boats, two gas guzzlers, and expensive private school was recently laid off. They lived for the day (mortgaged), not tomorrow. Rich parents, maybe they will get through this ? Good people, I like them. Sad
This is what happened to the Japanese when their stock market crashed 1990's.
NC here
Listening to Alex Jones surfing. Thought I'd chime in... Well here in central NC we haven't seen the effects other than the budget woes. My Bro-in-law's dad got laid off President of Serchie. Didn't let him clean out his desk. And my bro-in-law's father in law on my wifes side got dropped as some kind of computer guru.. Both had high paying jobs. My job at a biopharm plant.. Well we're selling everything we are making.. No hints at anything. Well other than the penny pinching which is good for us all. Still doing research on everything and getting prepared. I can't say for sure anything is off. i.e. 9/11, fema camps, etc. I'm hoping and praying they are not, but from what I've seen I'm getting ready. Lets see. Went to Builders Discount (doing remodeling) and the girl said they are having their best year ever. From homeowners not contractors. Guess people are remodeling instead of upgrading at the moment. A local subway is cutting back. We're plagued here with too much crap in a confined area. I have no idea why we need 3 or 4 walmarts in a 10 mile radius.. But they'll learn.
Not Good
My employer just announced last week that they are suspending our bonus plan due to the global economic crisis.. My bonus was my lifeline. I waited six months living paycheck to paycheck so that I could get a few thousand dollars extra to handle things like overdue bills and automobile repairs. Now I can't pay my taxes and have no way even to pay a bankruptcy attorney. I will probably be in jail within a year for non-payment of income taxes.
Mark
Well, I'm 21, there is
Well, I'm 21, there is currently no one hiring and businesses being shutdown pretty often. I had plans to be able to afford an apartment in a few months for me and my lady. So now I'm basically at a real crappy place and it feels like i'm stuck at times. Maybe it will get better in 10 years though, then I can have a midlife crisis =]
"One man with courage is a majority." ~ Andrew Jackson
Aaaargh.
So you're estimating at age 30 you'll have a midlife crisis? Do you plan on living to only 60? Haven't you heard that 30 is the "new 20"? LOL. Youngsters these days...
Naw, seriously, though.... you won't have a midlife crisis in ten years - maybe in 20.
However, unless something changes (read: ending) with FedRes, what will happen is, in 10 years just as you think you are on your way to achieving the so-called "American Dream", the Fed will cause another massive recession, and you'll likely be back to, or near, "start" again. There has been at least one recession every decade that I've been alive.
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.” -- John Quincy Adams
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.” -- John Quincy Adams
Record month
Well, we just achieved a record month - and my business is in the packaged/bottled/canned food industry. We have high-quality products at mid-range cost. No government stimulus here - I am in Thailand.
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.” -- John Quincy Adams
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.” -- John Quincy Adams
in thailand?? your opinion
in thailand?? your opinion does not count here... sorry.
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Holding steady
as a district sales manager. More hours and travel then ever. My company is a trow back to the 70"s, they pay all of your health insurance. Adding to income, shorting bank shocks after false rallies..... will short fertilizers soon.. Wifey down 30% in commissions, retail shoes.. can not get anyone to take the credit card bait... which is good!!!!
I'm doing OK, except
for the fact that the government has decided to take 1/3 of my income, and a considerable amount of my assets, and give them to my ex-wife, who decided that she wanted to be "free", and yet, still not have to work for a living in order to sustain herself. Although we are divorced, she feels that she should still be able to continue living off of me, and my income. And the government agrees. They don't want to give any kind of assistance to any woman, who doesn't feel like working, if there is a man that they can 'steal' the money from.
But I'm OK ! I will survive .... and thrive, in spite of everything !
what state do you live
what state do you live in??
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
The Trash Tells All ;)
My husband works for a waste collection company many of you would know the name of...anyway, the last 2 years, the last 6 months especially, he has seen a large drop in the tonnage of trash that gets picked up. We work from a skeleton crew now and in order for someone not to get laid off they kind of rotate who gets a day off or leaves early here and there.
He picked up Friday's residential route in 4 hours. That is amazing, picking up 1/4 of the towns trash in 4 hours. He went from working overtime each week to being fortuate if he gets 35-40. People are obviously buying less and have less to throw away. Many houses in town are vacant too.
"People demand freedom only when they have no power. "
--Henry Longfellow
"People demand freedom only when they have no power. "
--Henry Longfellow
interesting.... "When
interesting....
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
SC unemployment rate is 11%, second highest in the nation
(February rate well above the nation's 8.1 percent rate). We are treading water but somehow are above the surface. We just want our tax return as this will be used to get us caught up with mortgage/printers/etc..
I have a lot of friends out of work, but yet most are still employed. I just wish we could get out of this, I want my life back and my "American Dream" given an opportunity to see fruition. I don't mind working hard, I would just like to see the rewards of my hard work. It gets so discouraging and depressing...
Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.
lol at 11%... the
lol at 11%... the governments 8.7% is a lie too.. go to shadowstats.com
the real unemployment rate is over 20% gauranteed..
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
SC- Charleston area: I was saddened as I was driving home from
work the other day past all of the vacant manufacturing buildings and through the town where so many impoverished people have just given up. (SC was already pretty impoverished before this mess) There seems to be alot of trash along the roadways. I see alot more people riding bikes and walking. I worry about the elderly who can no longer participate in the work world and must get by with whatever they were able to save up during their productive years. I see the defeated faces of the baby boomers who were once looking forward to retirement and now are praying that they can hold on to their jobs long enough to put together a new plan to replace the dream that was wiped out along with their 401Ks. Our state ranks 3rd or 4th in unemployment. My husband was "laid off" from his product development position back in October but was able to land a national sales job by March. I used to work contract jobs in accounting but have taken a permanant position with a manufacturing company. Their sales have dropped considerably and their is no guarantee as to how long it wil last. My husband is asleep with one eye open. But, ya know, that's OK with me because we need ALL types of personalities to keep us grounded. My day has become more of a continual conversation with God. My heart goes out to everyone who is struggling right now.
~Your perception becomes your reality~
~Your perception becomes your reality~
Great Thread.
We shouldn't fall into the simplistic media trap of thinking that "all businesses are doing badly".
The fact is that some enterprises are positively booming right now while others are going to the wall. Not all of the successful ones rely on government patronage either!
I live in Britain and my girlfriend is constantly saying things like "what credit crunch?", "what recession?" and "all the shops I go to are f*****g packed!".
Last week she dragged me into the Liverpool branch of the "Build-A-Bear Workshop". It was standing room only. Apparently, over-priced designer teddy bears are an absolute must in this wintry economic climate.
http://brits4ronpaul.blogspot.com/
http://lpuk.blogspot.com/
http://northwestlibertarians.blogspot.com/
I've been fortunate
The company I work for and own stock in is actually growing right now in Northern California. We provide rural wireless broadband internet.
I've been with the company for six years. 25 employees. I'm one of two VP's. No salary reductions right now.
My company has a recurring revenue model. Retail has gone downhill in the area and there are so many vacant retail fronts.
Furniture, Car lots and expensive dining, electronics stores don't have a chance in hell of surviving right now.
Dollar stores, fast food, cheap pizza, auto parts stores and smaller grocery stores stay busy.
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“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds” - Sam Adams
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Peace, Freedom and Prosperity. Not War, Welfare and Bankruptcy.
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$Millions$ going to broadband in rural areas from the
~ stimulus....
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"Those who make peaceful revolution impossible will make violent revolution inevitable." John F. Kennedy
"It is your duty as loyal Americans to Shut up."– Bill O'Reily
Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.
A life less lived
We were doing okay most of last year as I just started a new business and my wife had a seemingly stable job. I also had some investments which then began to drop dramatically so I pulled out of the market and have the remainder in cash.
Things are more difficult now though. My wife just got laid off and my company is likely much less viable because of the economy.
My wife is a teacher and has been laid off twice in the last 4 years. She was one of several teachers to go, and just before they announced the lay-offs the administrators all gave themselves raises. Yet another insult added to injury amid the current financial fiasco.
My savings will last us a little while but not forever, and we'll probably have to move to a new city. With any luck (and diligence) my wife will find a new job and I'll be able to get my new company off the ground so we can gain some momentum.
What bothers me about the current situation is that we Americans have been sold out. I've always been a do-it-yourself kind of guy and am looking for no hand-outs. I just want to have some stable ground on which to build my life. I pay my taxes and I expect my Government to use those funds to provide a safe and open environment in which I can prosper, not to squander those funds and abuse my rights.
It seems our Government is intent on establishing itself as a middleman with a hand in everything we do and at every stage of life, and when they have their foot in the door the steps they take from then on appear to be to extort money from us and limit our ability to bring about the full potential of our lives. They routinely use American finances, resources, and military to spread their toxicity throughout the world which is damaging on too many levels to mention.
Is it any wonder our Nation is crumbling?
I really can't describe how irritated I am about the narrow-minded focus on Wall Street and banks throughout this crisis. Not only because it's misguided, but because at the heart of their actions they're stealing from the people who had nothing to do with the cause of the economic devastation with the hopes that it will recreate the facade, but it won't work.
The simple fact is that I'm a small businessman with a little capital, my wife is an unemployed teacher, and my child is going to have to move away from her friends yet again. How can we consider ourselves a part of any community when we're constantly displaced? It's families like ours that are the backbone of this country, and so many of us are suffering through both the faltering economy, and through the nefarious actions of our Government and the Fed. If they want to help the economy they need to provide us with a means to rebuild rather than try to prop up the broken down debt machine we've become.
We have only one life and I'm a little tired of being told how and in what way I can progress through mine. That I regularly have portions of my income taken by those in power so they can create new and underhanded ways to infiltrate and inhibit my pursuit of happiness is even more frustrating.
To top it all off my area gets sprayed with chemtrails on a weekly basis. I know a lot a people avoid the chemtrail issue and view it as a conspiracy theory, but the conspiracy theory aspect only comes into play when you speculate on why certain things are being done. There is no way anyone could refute that planes are spraying the skies when they live in an area where it occurs. I'm out several times a day, every day, and can see the planes, the spraying, and the results. As I bear witness to such an insidious spectacle I can't help but feel angry, saddened, and repulsed.
I'm developing a great deal of concern for the welfare of my child in a world where powerful people so willfully corrupt much of what is beautiful about our planet and the life we've been given. Their actions inhibit the possibilities for evolutionary growth that we humans possess and they stand as examples of the lowly depths to which human integrity can sink.
What we have now is really no different than what we had back in primitive times, though it's become much more efficient and it's so easy to dismiss our situation by busying ourselves with more frivolous considerations and distractions.
Those in control of the force of law abuse the masses as they've always done. Can we come up with no other system?
I suppose we did and we founded this country on it, but we've grown used to "leaders" who choose to ignore the Constitution they swore to uphold.
Those in positions of power simply do not have the right to do most of the things they do. It's time to enforce the limitations on their reach in accordance with the Constitution and set to work restructuring and rebuilding the Nation we love.
I agree with your post. I don't know your whole situation
but maybe you could use your wife's layoff to your advantage. Don't know how old your daughter is but maybe if you'll need to move anyway, you could move somewhere cheaper, your wife could homeschool your daughter and work with you on growing your business? Just a thought. With having your own business, you are at least in the situation where you can really limit your taxes. Best of luck!
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Good Here
My small stock investment has taken a hit, but I have been able to buy down at these low levels.
I am in the Army so am immune to the business cycle. Also getting an extra $700 a month for being in Iraq, plus $500 extra a month for being stopp lossed.
The service is not for everyone but I did it to get back all the tax money I would pay thoughout my life and get this amazing experience and the GI Bill.
Bash the military all you want, but it is one part of the Fed govt that is legitimate and needed.
The Army is not exactly immune to the business cycle...
It is affected by the economy like everything else. If you mean you wil always get paid because you are in service than that is more of an accurate statement. However...you will not always be deployed and will come back stateside soon. I know the Army pays you for housing allowance, but have you noticed that getting a decent house in a safe neighborhood with BAH is growing harder and harder every year? Also the comissary is somewhat cheaper than regular grocery stores but prices there are rising as well. Will your COLA go up enough to accomodate this? Utilities are also on the rise as well. I feel that the money that our servicemen and servicewoman get, is at times enough to keep one alive, but try doing that with a family of five. I'm a strong supporter of veterans and all military, and will always have some very close ties both past and future. But seeing it first hand, I know that rising prices in our economy will affect our military just like it does our civilians. I deeply value our servicepeople, but don't let a guaranteed income sway you from what's really going on economically...it will affect all of us in one way or another.
+...Pray for Your Enemies and Moral Courage for Righteous Leaders, so that Justice Will Be Delivered to the Innocent...+
+...Pray for Your Enemies and Moral Courage for Righteous Leaders, so that Justice Will Be Delivered to the Innocent...+
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We need a military, but we don't need most....
... of what military is out there. We don't need 1000 bases worldwide. That huge number of bases IS illegitimate. Policing the world as we do is illegitimate. Certainly, some foreign activities are justifiable in the interest of national security, but nowhere near the scale we are operating at today.
We just need enough military to perform according to the specifications and limits of the Constitution. And corporate income taxes are enough to fund the military we need, and are the only constitutional income tax.
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.” -- John Quincy Adams
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.” -- John Quincy Adams
So far we have stayed one step
ahead of disaster, and haven't lost anything. But, if there is another round of layoffs in the company Husband works for, he will be taking a 40% pay cut.
gee that sounds familiar
we are in the same situation. Hangin' on.