If the banks are allowed to fail that $20 grand will be worthless

The banks were suppose to get from the Feds,

$78 Billion dollars. The News said, "Instead, the Feds OVERPAID the BANKS."

But the truckers were talking about, instead of Giving the Money to the Banks, for the banks to help this economy,,, instead,
the Feds should take the money and give "each" trucker , $20,000. And We'll get this country turned around again.

Why do you think the banks failed? Or I should say, they didn't Fail, They CRASHED!!.
Because of This Country Living, and Operating off of CREDIT.

Ha, Ha, Ha, Now these Companies have to operate and survive, like us Truckers do!

Beautiful Picture !!! Can I use the pic for my wallpaper?

Yes but our country is based on the ability to "bank" as usual
If the banks fall like domino's so will our economy
Thus the money you speak of will be worthless
As a Conservative I have watched stimulus money given to people who have no ability to revive the economy
No economy can be revived by spending alone
Only true growth can be attained by creating jobs, creation of real wealth
Not freebies to people who didn't earn it
Sure banks are in a mess
Why
Government forced low income lending practices
Artificial housing prices were just one of the after shocks of this practice

Growing up we all heard feed a man today or teach him to feed himself he is set for life
Actually it was about fish but you get what I mean
Giving unearned money to the "people" will only make them more Dependant on the government

Hey, Us Truckers know how to survive without credit!

Especially the Owner Operators! A small little owner operator business , knows how to get the job done without anyone's help or using Credit.

Them Truckers had a very good point !!

The health insurance industry will only crash if Mr Obamasama decides to take control of the industry and force companies to insure people who are extremely high risk or who are otherwise uninsurable. That is a sure way to bankrupt any insurance company. Seriously, the conspiracy theories like this have been flying around for over 30 years.

The only problem with losing 401k's from the company control is that they will no longer be contributing to it. No problem. Take your money out and roll it into investments or money markets of your own choosing. You can do it tax and penalty free with a 1035 exchange.

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The banks are crashing, and this starts the spiral downhill effect. Most businesses can't live on Credit. They have to operate on a cash flow system, at the level they are at.

Not exactly true. MOST businesses live on credit. In other words, they borrow to meet their payrolls and operating expenses based on RECEIVABLES. Been going on since the 1940's. The problem nowadays is that there is no credit available for said businesses, large and small, to borrow on.

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That means downsizing. The feds are trying to bailout the banks using our tax dollars.

Downsizing is when a business lays off and contracts their operations based on poor revenue performance during projected, current, or past quarters. They liquidate their most "liquid" asset: employees.

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I heard a large group of truckers at a truck stop talking about , instead of giving the banks the money, the Feds should give all the people 20,000 dollars each , and the people will get this country turned back around.

I've heard that short-sited dream everywhere too. Not going to work. While I do not like the bailout, I guarantee you that handing every American $20,000 each (about $3,000,000,000,000, a LOT more than the amount being spent now) will do nothing. This assumes 1/2 of American taxpayers are working, maybe a little high, I dont know. That is 150 million Americans. You and I will spend a *little*, then squirrel the rest away, probably in banks and maybe a little stock. You'd see a nice spike in the securities market, but not enough for a recovery. BTW, where do you think that money comes from? You guessed it, your tax money. Americans wont rush to deposit their money in banks, either. You need banks for credit. Without credit, this country cannot operate. You cant build commercial buildings and start businesses without credit. You cannot do the R&D, purchase materials, buy engines, and build new Peterbilts, among other things, without credit.

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The health industry, is another subject. First too many doctors are leaving this country to practice in other countries. There is a shortage here already of doctors in this country. They can't afford to practice here in this country.

Where did you get this data? The Doctors in this country are the highest paid, and have access to the leading medical research. I think it's the other way around. Not to mention, a huge chunk, if not all of the rest of the free worlds' Doctors practice in at least a "semi-socialized" medical system, working them to death for little money. American Docs have huge loans to pay, and because we are "SUE HAPPY", enormous liability insurance to pay for.

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Second , after the economy crashes, the health industry its self will come to a halt. With the economy that has already crashed, many people will be without insurance. Eventually health coverage will be "Only" for the Real Rich that can afford it. Believe me, that won't be too many people. Businesses won't be able to carry it any more. But by then, many companies will already have gone out of business.

Wow. Ok.... The "health insurance industry" will not come to a halt as long as it is not tampered with. There are already many people without insurance, but with $500+/month SUV payments. I can insure 90% of four or five member families for under $700/month. It's a question of priorities. Americans as a whole have lost any semblance of common sense when it comes to those priorities. People with $1400/mo mortgage payments (mine was over $1700/mo in SoCal) have no insurance because they dont want to trade down on their house. Insurance is not for the "Rich" and never will be. Typically, the "rich" are self-insured. Businesses themselves, do not carry health insurance. They SUBSIDIZE the group premiums for their employees. And that is already starting to go away, and is being replaced by HRA's (which are growing faster than HSA's). Fact is, group insurance premiums at your company are so high because the entire GROUP is taken into account when the rates are calculated, and nobody can be rated up individually. That means folks with high blood pressure, a history of claims, etc, have to be included. At least 70% of the employee base must participate, or the policy will not be issued. Now, because of the higher risk to the insurance carrier in this arrangement, the premiums are HIGHER than they would be if each individual went out and bought their own individual policy. And before anyone repeats the LIE told by Osamabamalamadamadingdong ("they will be forced to go into the individual market where premiums AVERAGE over $12k/year"), understand that he, and other politicians, use these sound bytes (lies) to make you afraid of what would happen if you did not vote for them. I told you what the average is ($700) for a family of 4. Multiply that by 12. Go ahead, I'll wait...........

Right!!! $8400/year! Are some higher? Yep! And a LOT are lower. Before I deployed, the average premium I quoted for small business owners and individuals was around $400/month. Usually, that is a wife and husband. Add a kid or two on for about $100-$150 each. The less of the risk you share (low deductibles), the higher your premium is. Higher deductible, lower premium. Easy stuff. You can have an individual health policy any time you want it. Just ask.

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There won't be many Large companies around, surviving, that people can work for.

Aside from the "Little House on the Prairie" claim, I agree with this. And to tell the truth, this country was much stronger when we had more self-reliance, and less depending on the "evil rich people" and GOVERNMENT to get by. In my opinion, it's our new (40 years or so) entitlement mentality that got us into this.

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It's a Scary Subject to focus on, and to talk about ,, but It's Going to Happen. The year of the Y2K was the beginning of the One World Order System. Watch what happens in the next three years.

BTW, I graduated from High School in Harrisburg. CD High Rams!!! Go RAMMERS!!!

Things are still slowing down.One plant in my area took applications for 25 openings.Nearly 3,000 applications.Very few job listings in the local paper.It has become an "employers market".Get ready to do more work for less compensation.
Glad I took over a dedicated account 2 weeks ago.I don`t like the account,the B.S. that goes with it,nor the hours I have to work it,but,right now its steady work.
Hope my company can hold on.With all thats happened there since Thanksgiving its gonna be very tough.

Never say die!

It isn't over, trucking is so vital to the American way of life it will never 'be over'. Sure its slow now, but please don't let the news guys get you thinking of giving up. America goes up and down on a cycle, this one is a little worse then normal but nothing unexpected. Its sort of like a cleansing.

In nature if there are not enough predators the rabbits overpopulate. Too many rabbits not enough food some rabbits will starve. Too many rabbits means predators have an easier time they bounce back. Then the population of rabbits and predators is restored. Same princple here is happening. There were too many companies, now the ones not doing it right are going to starve, the ones not fit enough to survive in lean times will get picked off, and what's left behind will grow stronger due to it.

__________________


I am a Camaro Girl because IROC!

You have unlimited chances to go too slow, but only one to go too fast.

Yeah, your right IROCUBabe. Cleansing is probably the right word. When manufacturing (the little bit thats left in this country) and production pick back up, trucks will at least be needed to get them to rail, then from rail to destinations. Personally, I dont see rail expanding too much. A huge HUGE chunk of our country's rail system was dismantled decades ago. You can find old rail beds in most towns. I seriously doubt we have the land and resources to rebuild a huge rail network again. Either way, the weak players will probably be eaten up and the stronger companies will come out of the other end of this mess.

I guess I'm lucky, I have options, but I cant deny what I love to do.... drive.

You really have to wonder what obama must be thinking now..... what a mess to step into. From one view point it must have seemed manageable...but from the inside you see the resistance that comes from the republican party....and top it off with the people he has chosen that have been uncovered for "honestly forgetting to pay taxes"....I wouldn't want his job....I would go postal...really.
Right now trucking companies are in a driver "glut"..... alot of drivers to choose from, I called and some that had once wanted 6 months, now want 1 year exp. and some have said they cannot hire not knowing if they will survive this economic meltdown....
But if all this will be corrected, maybe alot of drivers will leave the industry,those that will retire,those that got hit too hard in the pocket and those that don't want to
deal with these companies that are abusive to the driver......

You dont really want to know what I think Obama is thinking now. It's not very nice, but the evidence is all over the place. His cabinet choices, his perceived "mandate", his recent actions...... BTW, the Republicans arent just resisting, they are asking for changes to a package that they too want. (Dont forget who started the stimulus package thing last fall)