I'm glad the economy is falling apart *now*...

[Fumesucker]

The economic collapse is inevitable, the Federal Reserve has been fighting to hold it off until after November but the damage is just too severe.

Hopefully the majority of people will pin the blame on the real culprits.. The Republicans and their crony-capitalism, anti-regulation policies.

I think this is what TwixVoy was trying to say and just didn't say it very well.

If this had happened after a Democratic president took office the Republicans would have been eminently successful at blaming the Democrats..

I'm not glad the economy is collapsing, we're close to losing our over half paid for home, but it would have been far more difficult to correctly assign the blame if it were to happen a year from now.

[thunder rising]

1. Hang in there. My plan is that when the crisis is really bad they won't have time to throw me out.

Never give up. Do not walk away. Stay in your home till the Sheriff shows up.

[Fumesucker]

3. Hey,

I'll let the sheriff move all my tons of stuff out onto the yard for me..

It'll make it easier to load onto the trailer..

No, I'm not joking.

[madokie]

14. I've often wondered why one of my neighbors were not taking care of their home and yard

like they did when they first bought the place, turns out it has been in foreclosure for months now and they still live there, how much longer I don't know and its none of my bidness. So my advice is if one has no other options to stay put as long as it takes.

[Connonym]

19. Two things I was avised and one thing I learned the hard way

I was advised to secure a new place to live before foreclosure has been filed because after your credit might make it very difficult to rent. Second, bankruptcy filing can forestall a foreclosure. Lastly, I discovered the hard way that when the mortgage company knows you've moved out, they move in. The break in and change the locks, they shut off the plumbing and they do regular monitoring to make sure the house isn't vandalized. And THEN when your insurance company learns that the house is empty they will drop you like a hot potato and getting new insurance will be extremely inexpensive but your mortgage company would be happy to hook you up with someone at an obnoxious rate.

I still technically "own" my property because it has not gone to court yet but they are trying to charge me for the maintenance. My house was on the market so I had some decorations up and some stuff still inside as well as 2 cords of wood very neatly stacked behind my fence. They took down all the exterior stuff, warned me to get my shit out of there, took the wood because it was considered outdoor clutter and in the process of hauling it away snapped some of my gate slats in half. Oh yeah, and did I mention that my house was still on the market? Really appealing to a buyer to have all the water shut off and big orange stickers on all the plumbing indicating that the water was off, not to mention that you have to mention the potential foreclosure to prospective buyers which immediately makes them assume they can offer you a ridiculously low number (and by the way if you get the mortgage company to sell for less than you owe you have to pay income tax on the difference, see how fast that adds up) and laugh in your face and say "I'll just wait for it to foreclose and then buy it" It's a totally humiliating experience all the way round and when you're having financial problems it usually means that you can't afford a lawyer to advise you of your rights.

I literally cannot drive down the street I used to live on because it makes me sick to my stomach. I put a lot of money down on that house, I extensively remodeled that house and now it's not only gone but they've broken it and tried to screw me in the process. So a big fuck you to anyone who is happy about the economy collapsing. Try living it and see how you feel then.

[Fumesucker]

21. Thanks for the tips..

We still have a couple of arrows in the quiver so I'm not completely hopeless yet..

I'll definitely keep your advice in mind.

[madokie]

22. Our home we bought at a sheriffs auction

for a third of what we were willing to pay just a couple years earlier for the back two big lots alone. I can feel your pain but I doubt anyone here is happy about this mess. Who knows I may be in the same situation someday myself.

I hope things start looking up soon and I can sympathize with you on the loss.

[Connonym]

24. I don't blame you for that

And I really hope that my house goes to a family instead of an investor who will sit on it until the market goes up. But I literally had one guy laugh when I counter offered the amount of my loan (which was 30k less than the tax assessed value). I just thought it was so fucking rude to be such an asshole about it. Seriously, I wish there was a way I could buy now because the market is far more realistic than it has been in years. I can't begrudge anyone who takes advantage of the price drops but there's no excuse for acting like an asshole to someone's face when they're in the middle of a personal tragedy. Because, seriously, you already feel enough like pond scum when you're in that position, you sure as hell don't need anyone else rubbing your nose in it. Know what I mean?

[madokie]

25. I do and I agree

but most of all I hope I wasn't being one of them
A :hug: comes to mind right now.

[Connonym]

29. Thanks for the hug, I sure can use them. Got a certified letter from the bank today

a fucking investment group has bought my house in the sheriff's auction which means some asshole corporation is going to make money instead of a family getting a decent deal. It makes me pretty sad because I was really hoping it would be a family.

[Yael]

2. "We were on top of it and improving daily until the Democrats took over and it all went to shit"

Good luck with that.

[murielm99]

4. See post #3.

They will find a way to blame their eight years of irresponsibility on the Democrats. At least twenty-eight percent of the American people will believe it. The media will blare it constantly, so that more begin to believe it. After all, if you repeat something often enough it becomes true.

[Fumesucker]

5. I can assure you

They would have had an easier time blaming the Democrats..

If the collapse had started next year..

Even stupid people can learn if beaten severely enough about the head and shoulders with reality..

Don't forget that Bush 41 had a 90% approval rating at one point right after Gulf War I..

[Cerridwen]

8. You're new to this "game" aren't you?

Democrats are traditionally known as the "party of the People"; regardless of whom they represent. Any "crash" will be equated with the Democrats, i.e., the "party of the People" and the repubs will take over to "fix" it. Watch the spin. It will make you nauseous.

Our next president will have one term; all that ails this country will be blamed on the "party of the People." This time in history will be equated with the Democrats, i.e., the "party of the People."

Go read some history books; of the not textbook variety.

[Fumesucker]

13. I turned 58 this month..

And I've been following politics fairly closely since Jimmy Carter was POTUS..

[Cerridwen]

23. You saw what they did to Carter.

You saw how reagan (et. al.) manipulated the Iran/Contra investigation.

You saw people come out of those hearings and hit the talk circuit, making millions. And others who came out of those hearings to go right back into the cadre that is currently destroying this country.

You lived through the 80s and saw how the repubs and their minion mouth-pieces turned greed, avarice, hatred, and prejudice into socially and politically acceptable behavior.

And you still think this won't be spun against the Democrats?

[Fumesucker]

26. They will try..

But what is happening now is well beyond what was going on back then in terms of economic shock..

Things are going to get very nasty..

[Marr]

6. Oh, don't worry-- facts won't matter.

You watch-- the blame will be laid at the feet of the next president if it's a Democrat, or the next Congress. Our big media is basically just Wall Street's public relations department, and they're willing to ignore little things like the direction in which time flows when they're making their 'Wall Street first' arguments.

If we do manage to get a Democratic president and Congress in November, I hope they're wise enough to start seriously breaking up these media conglomerates. I expect, however, that there are still too many DLCers to get anything like that done, and they'll just opt for taking personal checks from the crooks.

[SpiralHawk]

18. Big Media = Wall Street PR. Bingo!

Thanks, Marr. Your equation speaks an important truth vividly....

[flvegan]

7. Politics should never trump empathy.

To take ANY glee in people suffering is a bullshit stance.

The "economic collapse" is NOT inevitable.

[tavalon]

15. I hate to tell you this, but,

it's already happening. It isn't just inevitable, it's here. It would have been out for all to see in the last month but our government pumped billions, not millions, into the system to make it look like it's ok. It's not ok, it's not even within throwing distance of ok. The only thing left to see is how fast it's going down the crapper and how much true help will the government provide (so far, unless you are a corporation, that would be a big, fat nothing).

We're already in a fix that will require another FDR. It's already here.

[Rydz777]

9. I agree with you. What really worries me is that Bush is leaving

behind so many poison pills - the war and the economy and so much more - that the next Democratic President is going to face problems that may drag the new administration down

[JCMach1]

10. It's best to not wish for disaster... it reeks of hubris

and meanwhile, people are suffering...

[Connonym]

11. Seriously

My income has dropped to 1/3 of what it was 3 years ago, I've lost my house(despite having put 20% down on it!), I've had to pawn a bunch of my furniture and all my jewelry, I've got medical bills up the ass and no other resources to fall back on. I'm fucking below the fucking poverty line now. It pretty much sucks and I wouldn't personally wish it on anyone except maybe the current occupants of the White House & their cronies.

[tavalon]

16. I'm actually lucky

I'm in a field that can't be outsourced and doesn't have enough people, but even I am getting nervous because what if the economy tanks so badly that even nurses don't have jobs?

[Frank Cannon]

27. That won't happen

But you will find that nurses will be forced to do more and more and be stretched even thinner than they are now, and it's already ridiculous.

[Fumesucker]

12. Disaster is coming..

Better now than later.

[Perry Logan]

17. The economy is only one reason why the Democrats are breaking records at the primaries.

And the media's Republican bias is only one reason why their numbers are plummeting.

[Connonym]

20. Heard on NPR

Kiplinger was on NPR yesterday telling us that there is no credit crunch. No recession. No housing downturn and no slowdown in the economy. McBush said that America's financial hardships where "all psychological". And this was N fucking PR

[Frank Cannon]

28. NPR is run by former heads of Voice of America and Radio Marti

True fact. Look it up.

I stopped listening to NPR a long time ago. They basically spew the strict right-wing, corporate line while wrapping it in a format pleasing to people who consider themselves liberal.

[treestar]

30. The price of gas going up and up reminds me of 2006, when

they started going back down again in the month before the elections.

We'll know how much control the elite has if things start to improve in the fall.