Tough times/ Bad Economy

neckdweller · 07-16-2008, 10:16 AM

Quote:

Originally Posted by gtxrider

I just got my stimulus check and it probably cost more to cut the check than it is worth...it won't even fill up my gas tank. I guess the economy is not bad for me! I still have a job and can meet my bills.

Well that means that you're earning too much according to the govt. Above$75K (single) or $150K (married) and you start getting it reduced $50 per $1000. The theory is that the people who need it most will immediately use it and put it back into the economy. I'm doing just what the government didn't want to see happen - whenever I get to a bank it's just going into a savings account and it won't alter my spending (like you, ours got reduced quite a bit but it will fill the boat up a couple times).

kjbathe · 07-16-2008, 11:42 AM

A colleague was walking around with his stimulus check yesterday. I said to him, "I didn't think you were a citizen." And he smiled and said, "I'm not!". He's here working on a visa, but paid more than $3k in taxes so he was eligible for the rebate. It struck me as a little odd, but if he spends it here and doesn't send it home, then I guess it meets the intent.

Merrymeeting · 07-16-2008, 04:59 PM

Back on the topic of the economy and impact to the lakes region, one of the Boston channels had a report on last night about this years Cape Cod tourism.

In summary, despite many fears to the contrary, they are on track to having one of the best years ever. It will be interesting to hear if the same is true at the lakes.

Resident 2B · 07-16-2008, 06:00 PM

One thing I have noticed this year is reduced crowds during the mid-week at the Weirs. However, what really has caught my attention is the reduction in trips, usually through cruise cancellations, by the Mt Washington.

Tonight they have cancelled the 4:30 out of the Weirs and the 6:00 out of Wolfeboro. They are still planning on having the 7:30 out of the Weirs. Last week and early this week, I also saw the Mount at the dock a few times when it was scheduled to be out on the lake. High cost of fuel and low crowds seem to be having an impact here.

I really hope they are able to continue with a full schedule the rest of the summer. For those that are coming to the lake, this is the best way to really see and experience the lake, either during the day time or at night.

R2B

WinnDixie · 07-16-2008, 07:42 PM

Quote:

Originally Posted by Resident 2B

One thing I have noticed this year is reduced crowds during the mid-week at the Weirs. However, what really has caught my attention is the reduction in trips, usually through cruise cancellations, by the Mt Washington.

Tonight they have cancelled the 4:30 out of the Weirs and the 6:00 out of Wolfeboro. They are still planning on having the 7:30 out of the Weirs. Last week and early this week, I also saw the Mount at the dock a few times when it was scheduled to be out on the lake. High cost of fuel and low crowds seem to be having an impact here.

I really hope they are able to continue with a full schedule the rest of the summer. For those that are coming to the lake, this is the best way to really see and experience the lake, either during the day time or at night.

R2B

That's a little scary to me. I love The Mount, and it is--indeed--my way to get on the lake. I might not get up there until 2010, and I am already planning my ride! I'm not over the Old Man falling off Cannon Mt.; and (not learning what I should have from that!) I am planning for the Mt. Washington to be there forever! Please keep an eye on it!! Thanks!

Pineedles · 07-16-2008, 08:20 PM

Wow WinnDixie you bring back memories of how my great great grandparents used to "commute" from Boston to Center Harbor in the 1880's. They relied on a daily schedule. Bummer if the economy limits the Mount's schedule. I was dissapointed when it curtailed its daily visit to Center Harbor. The current economic malaise could last another 2 years. I would anticipate further "re-scheduling" of the Mount's schedule.

Chris Craft · 07-17-2008, 07:57 AM

They say that in bad economic times is the best time to make your fotune. Luckily I am having my best year to date this year. That of course can change in the blink of an eye.

KonaChick · 07-17-2008, 10:27 AM

Quote:

Originally Posted by Chris Craft

They say that in bad economic times is the best time to make your fotune. Luckily I am having my best year to date this year. That of course can change in the blink of an eye.

Chris Craft...are you the repo man??

NoBozo · 07-16-2008, 08:14 PM

I presume everybody is thinking about the economy.... maybe as an observer....or maybe as a participent. My earlier post mentions the MPs apparent crack down on complience, which may deter boaters from coming out. It certainly deters me...especially when I think that every time I go out on the lake it will cost me $20 an hour for gas. That's at $5 per gallon..at 4 GPH.

I get to "Run The Gauntlet" with the MP....AND.. spend $20 an hour to do so. Why would any reasonable person want to do that?

Come summer, the marinas have got all their boats in the water. Now their income comes from "casual" maintenence, and GAS sales. Nobody comes out....no gas sales.

Does this combination of MP crack downs and high gas prices seem to be a good formula for the Local Economy? I don't think the marinas selling gas are going to be gouging anybody this summer. On the contrary, I think they may even sell gas at near cost....just to get people out on the lake.

This is not an attack on the rank and file in the MP...They have their orders. Just wondering. NoBozo

Sal · 07-17-2008, 10:45 AM

"Run the gauntlet" ???

Sounds as if you have a reason to be fearful.

Please share your bad experience(s), if any.

fatlazyless · 07-23-2008, 02:08 PM

Here's some excellent news for the local lakes region economy.

As of tomorrow, July 24, the minimum wage in the State of New Hampshire will be going up by five cents. From $6.50 to 6.55/hour, no fool'n!

The reason: Washington has increased the rate for the entire country even though both our NH Senators Sununu and Gregg voted against an increase because it would be bad for business.

Senator Gregg wins $850,000 Powerball money on 10/20/05, and then votes NO to a five cent minimum wage increase because it's bad for business......nice guy Senator Gregg!

07-16-2008, 11:42 AM	#2
kjbathe Senior Member Join Date: Jul 2006 Posts: 286 Thanks: 3 Thanked 22 Times in 12 Posts	Stimulus Checks A colleague was walking around with his stimulus check yesterday. I said to him, "I didn't think you were a citizen." And he smiled and said, "I'm not!". He's here working on a visa, but paid more than $3k in taxes so he was eligible for the rebate. It struck me as a little odd, but if he spends it here and doesn't send it home, then I guess it meets the intent.

07-16-2008, 06:00 PM	#4
Resident 2B Senior Member Join Date: Apr 2004 Location: North Shore, MA Posts: 1,358 Thanks: 996 Thanked 314 Times in 164 Posts	Mt Washington One thing I have noticed this year is reduced crowds during the mid-week at the Weirs. However, what really has caught my attention is the reduction in trips, usually through cruise cancellations, by the Mt Washington. Tonight they have cancelled the 4:30 out of the Weirs and the 6:00 out of Wolfeboro. They are still planning on having the 7:30 out of the Weirs. Last week and early this week, I also saw the Mount at the dock a few times when it was scheduled to be out on the lake. High cost of fuel and low crowds seem to be having an impact here. I really hope they are able to continue with a full schedule the rest of the summer. For those that are coming to the lake, this is the best way to really see and experience the lake, either during the day time or at night. R2B Last edited by Resident 2B; 07-16-2008 at 06:33 PM.

07-16-2008, 08:20 PM	#6
Pineedles Senior Member Join Date: Aug 2004 Location: Moultonborough & CT Posts: 2,548 Thanks: 1,073 Thanked 669 Times in 368 Posts	Public Transportation? Wow WinnDixie you bring back memories of how my great great grandparents used to "commute" from Boston to Center Harbor in the 1880's. They relied on a daily schedule. Bummer if the economy limits the Mount's schedule. I was dissapointed when it curtailed its daily visit to Center Harbor. The current economic malaise could last another 2 years. I would anticipate further "re-scheduling" of the Mount's schedule.

07-23-2008, 02:08 PM	#11
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,844 Blog Entries: 1 Thanks: 303 Thanked 1,033 Times in 752 Posts	Here's some excellent news for the local lakes region economy. As of tomorrow, July 24, the minimum wage in the State of New Hampshire will be going up by five cents. From $6.50 to 6.55/hour, no fool'n! The reason: Washington has increased the rate for the entire country even though both our NH Senators Sununu and Gregg voted against an increase because it would be bad for business. Senator Gregg wins $850,000 Powerball money on 10/20/05, and then votes NO to a five cent minimum wage increase because it's bad for business......nice guy Senator Gregg! __________________ ... down and out, liv'n that Walmart side of the lake!

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

07-16-2008, 04:59 PM	#3
Merrymeeting Senior Member Join Date: Mar 2003 Location: Merrymeeting Lake, New Durham Posts: 2,227 Thanks: 304 Thanked 800 Times in 368 Posts	Back on the topic of the economy and impact to the lakes region, one of the Boston channels had a report on last night about this years Cape Cod tourism. In summary, despite many fears to the contrary, they are on track to having one of the best years ever. It will be interesting to hear if the same is true at the lakes.

07-17-2008, 07:57 AM	#7
Chris Craft Senior Member Join Date: Feb 2007 Posts: 120 Thanks: 0 Thanked 0 Times in 0 Posts	They say that in bad economic times is the best time to make your fotune. Luckily I am having my best year to date this year. That of course can change in the blink of an eye.

07-16-2008, 08:14 PM	#9
NoBozo Senior Member Join Date: Jun 2008 Location: Portsmouth. RI Posts: 2,231 Thanks: 400 Thanked 460 Times in 308 Posts	I presume everybody is thinking about the economy.... maybe as an observer....or maybe as a participent. My earlier post mentions the MPs apparent crack down on complience, which may deter boaters from coming out. It certainly deters me...especially when I think that every time I go out on the lake it will cost me $20 an hour for gas. That's at $5 per gallon..at 4 GPH. I get to "Run The Gauntlet" with the MP....AND.. spend $20 an hour to do so. Why would any reasonable person want to do that? Come summer, the marinas have got all their boats in the water. Now their income comes from "casual" maintenence, and GAS sales. Nobody comes out....no gas sales. Does this combination of MP crack downs and high gas prices seem to be a good formula for the Local Economy? I don't think the marinas selling gas are going to be gouging anybody this summer. On the contrary, I think they may even sell gas at near cost....just to get people out on the lake. This is not an attack on the rank and file in the MP...They have their orders. Just wondering. NoBozo

07-17-2008, 10:45 AM	#10
Sal Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 311 Thanks: 103 Thanked 169 Times in 53 Posts	"Run the gauntlet" ??? Sounds as if you have a reason to be fearful. Please share your bad experience(s), if any.