Tough times/ Bad Economy

Audiofn · 10-06-2008, 08:29 PM

BOY did that almost 1 trillion dollars help out the markets.... It is obvious that the market does not like what the gov has in store for them. The dow was down 800 points at one point today. What was the last time that we saw money being tossed at something make it correct. Look at the Big Pig in Boston!! You know what the workers used to say there? "Hide and go seek for a thousand a week". They put money into this "bailout" for freeking wooden arrow research!!!!! We all have to live with this decision for a long long time. So now I not only get to pay for my house but for a lot of other peoples as well because they did not "understand" that when you work at McD's you can not buy a house that costs 700 grand!! Ok I am done now I think my brain is about to explode.

GWC... · 10-06-2008, 09:40 PM

Quote:

Originally Posted by Audiofn

They put money into this "bailout" for freeking wooden arrow research!!!!!

Ok I am done now I think my brain is about to explode.

Good thing you did not purchase any wooden arrows - $.39 tax on a $.30 arrow (that would really cause your brain to explode.

). Now you know the real need for the adjustment for wooden arrows.

HUH · 10-12-2008, 09:46 AM

Great idea lets give everyone on welfare a mortgage as well

http://query.nytimes.com/gst/fullpag...=&pagewanted=1

sa meredith · 10-13-2008, 04:05 PM

So the market closes up 900 plus today. And some of you guys were worried... (he said, tongue firmly in cheek)

Message to Lester: We GOTTA have this one.
Go Sox!

jetskier · 10-13-2008, 10:01 PM

Quote:

Originally Posted by sa meredith

So the market closes up 900 plus today. And some of you guys were worried... (he said, tongue firmly in cheek)

Message to Lester: We GOTTA have this one.
Go Sox!

The real question is whether this is a "dead cat bounce"? I certainly hope not!

Incidently, I don't think that you shouted loud enough for the Sox to hear you. After the Patriots game yesterday and the Sox game today I am actually glad to be heading to China tomorrow.

Jetskier

Audiofn · 10-14-2008, 07:43 AM

Now that people are realizing that it is not just US but the entire world that is hurting it does not seem so bad. Dollar got a LOT stronger in the last few days and this has more to do with England and other countries stepping up and injecting money along with the US. Most of that drop was panic driven by the media. Most companies are well run and sound. Now if they can address the business world getting loans then we should come out of this OK.

Were does a union guy go to get a union job? I am not a union guy but I do work with union guys a lot. IMO unions are a thing of the past. There is no doubt that they were needed but now they are ruining businesses by raising the costs of production to the point that companies in the US can not compete any more. My wife works for a huge fortune 50 company. They are laying many many people off. They moved production from a location in mass. and Utah over to Switzerland. Labor costs over there are much higher but the taxes are low. So what do people think will happen with Obama wants to raise them. IMO more manufacturing will run from this country.

My guess however is that this is a little bit of a dead cat bounce and expect it to drop again.

SAMIAM · 10-14-2008, 08:54 AM

Unions are the main reason that America has lost all of its jobs.Their wage,benifit and retirement demands have driven out millions of jobs.Don't blame the business'.In Detroit,for example....guy making $35 an hour running a rivet gun all day.Calls in sick on monday,stays stoned at work all week and takes off at noon on friday.They can't fire him because of the union.
Even around here it's noticable.Sysco drivers (non union0 work alone and unload a tractor trailer.Budweiser drivers (union) show up in a little box truck with at least two,sometimes three guys.We tease them when they show up...I ask them "Hey,who's the clipboard operator today"

sa meredith · 10-14-2008, 08:59 AM

Quote:

Originally Posted by SAMIAM

Unions are the main reason that America has lost all of its jobs.Their wage,benifit and retirement demands have driven out millions of jobs.Don't blame the business'.In Detroit,for example....guy making $35 an hour running a rivet gun all day.Calls in sick on monday,stays stoned at work all week and takes off at noon on friday.They can't fire him because of the union.
Even around here it's noticable.Sysco drivers (non union0 work alone and unload a tractor trailer.Budweiser drivers (union) show up in a little box truck with at least two,sometimes three guys.We tease them when they show up...I ask them "Hey,who's the clipboard operator today"

Amen, amen, amen!
Although unions were needed, and indeed great things at one time, they now do nothing more than protect the slacker, and "over benefit" workers.
The sense of entitlement by an average union worker truly baffles me.

EricP · 10-14-2008, 10:09 AM

Seems to me that Unions have gone a bit far, not only that now that we have the DOL are they as neccessary as they used to be? They've become too powerful and can ruin a business.

I think recently I saw that Boeing was in real danger of bankruptcy and they lost an Air Force contract to Airbus. A lot of Americans cried foul because we lost to an overseas company and Americans were in danger of losing jobs. Congress I guess rethought the contract and gave it to Boeing, then a couple weeks later I hear that the Boeing workers are or may be going on strike. That is ridiculous, they came close to losing their jobs and now they strike? Seems stupid to me. I don't know the details of why they were striking, but it would seem trivial in light of losing your job coupled with the current economic conditions.

Argie's Wife · 10-17-2008, 08:40 AM

Forbes Magazine just named 3 NH communities - Concord, NH being one of the three communities (in a list of 10 communities!) - as "recession proof"...

Here's the article:

http://www.wmur.com/money/17735706/detail.html

sea_n_ski · 10-18-2008, 04:59 AM

Let's face it most of us are summer residents and spend a weekend here and there the rest of the year. We have always made it a point to do as much business as possible int he lakes region because we love it so much. I always fill up when in area. We buy things local to keep the businesses alive. We even go up to Mills Falls to do our Christmas shopping.

I just had the trim painted on my hours and the painter had no work. I felt bad, so I had him paint the main areas inside. Although it wasn't a big job, it made his day.

We always wait until we are around Meredith before we eat out or buy anything.

My point is if we don't support these local businesses they won't be there when we need them. Its got to be rough on the people who own businesses around the lake. Let's face it, regardless of what all the experts say good or bad, we are all tightening our belts and spending less.

We need to make sure when we support our local merchants. Spend the extra buck at the local hardware store instead of going to Home Depot back home.

This thing will turn around eventually. Until it does, those of us that are seasonal residents need to do everything we can to support the lake economy. Otherwise it will become a ghost town.

SAMIAM · 10-18-2008, 09:45 AM

Good for you Sea n Ski.....I'm with you there.Rarely go to a big box store.rather get great service for just a little more money....recently got new computers at Lakes Region Computer in center Harbor and got great service.Try calling Staples if you have a problem.

KonaChick · 10-18-2008, 10:06 AM

Quote:

Originally Posted by sea_n_ski

Let's face it most of us are summer residents and spend a weekend here and there the rest of the year. We have always made it a point to do as much business as possible int he lakes region because we love it so much. I always fill up when in area. We buy things local to keep the businesses alive. We even go up to Mills Falls to do our Christmas shopping.

I just had the trim painted on my hours and the painter had no work. I felt bad, so I had him paint the main areas inside. Although it wasn't a big job, it made his day.

We always wait until we are around Meredith before we eat out or buy anything.

My point is if we don't support these local businesses they won't be there when we need them. Its got to be rough on the people who own businesses around the lake. Let's face it, regardless of what all the experts say good or bad, we are all tightening our belts and spending less.

We need to make sure when we support our local merchants. Spend the extra buck at the local hardware store instead of going to Home Depot back home.

This thing will turn around eventually. Until it does, those of us that are seasonal residents need to do everything we can to support the lake economy. Otherwise it will become a ghost town.

I do agree with what you're saying and my husband and I try to do the same thing, however some "local" businesses have priced themselves right out of people's wallets. Anyone been to Jackson Star lately?? I don't think it's the summer or weekend people that make a difference so much but the year round people who have to pay the inflated prices all the time. They are the ones leaving to drive to Concord, Tilton, Conway to do their major shopping. The price gauging has got to stop if (some) local businesses want to stay competitive and thrive IMHO.

sa meredith · 07-29-2009, 11:26 AM

Well, as the starter of this thread, I felt it appropriate to post this.
On August 31st, the owner of the business I have worked for the past 21 years, will lock the doors, and will not be opening them on September 1st, or ever again.
A lot of blood, sweat, tears, and ass kissing as I climbed the ladder over the years. And now, to be kicked right off the ladder...oh well.
We certainly hung in there as long as we could, but in the end, the family owned business just can't go head to head with the superstore when it comes to big ticket items. Think "Home Depot" vs. "The Neighborhood Hardware Store".
So now I am a victim of the economy...but when one door closes, another opens...right?
Now, about those boat payments, fees for valet service, and the annual lease on the land for camp....

Irish mist · 07-29-2009, 12:28 PM

Terrible news. I hope you find some work quick.

LIforrelaxin · 07-29-2009, 05:32 PM

Quote:

Originally Posted by sa meredith

.......So now I am a victim of the economy...but when one door closes, another opens...right?......

Sorry to hear this, and I am sure it will not feel like it now, but in the end things do always happen for a reason.... I have been laid of twice in my career and both time, after a little struggle to get back on my feet have realized it was the kick I need to get myself going in a new direction.....

Hopefully things will fall into place for you best of luck

tis · 07-29-2009, 05:41 PM

I am very sorry for you too sa and your boss and your company as well. It is so sad and scary what is happening to this country! Is your company in NH?

eillac@dow · 07-29-2009, 06:44 PM

SA, I too feel very bad for you. It is a shame.

Things do happen for a reason and they will get better. I worked for the Gillette Company for 21 years and was let go about 2 years ago. I was able to take a year off and and have now been employed for 1 year.

I wish you the best.

VitaBene · 07-29-2009, 07:27 PM

Quote:

Originally Posted by sa meredith

Well, as the starter of this thread, I felt it appropriate to post this.
On August 31st, the owner of the business I have worked for the past 21 years, will lock the doors, and will not be opening them on September 1st, or ever again.
A lot of blood, sweat, tears, and ass kissing as I climbed the ladder over the years. And now, to be kicked right off the ladder...oh well.
We certainly hung in there as long as we could, but in the end, the family owned business just can't go head to head with the superstore when it comes to big ticket items. Think "Home Depot" vs. "The Neighborhood Hardware Store".
So now I am a victim of the economy...but when one door closes, another opens...right?
Now, about those boat payments, fees for valet service, and the annual lease on the land for camp....

SA that is really terrible, I wish you the best of luck in finding a position that will allow you to enjoy the things in life that you have worked hard for.

Like you, I have been through a few downturns in the economy. One of them ended up pushing me toward a new career. I hope it works out for you as well.

Best wishes

Skip · 07-29-2009, 07:59 PM

Let me add to the list of those expressing sympathy for your plight, and the demise of the local business you devoted so much of your life too.....

Its truly ashame to read stories such as yours, and it really jumps out at you when it happens to one of your friends, even though our friendship is internet related. It truly personalizes and puts a face to the mind numbing statistics that I read daily on-line and in the print press.

I wish you the best and am sure you will come out stronger in the end....

Skip

hazelnut · 07-29-2009, 11:46 PM

sa that is a bummer! Whereabouts do you reside full time. I'm not sure if you mentioned that to me. Might as well start networking right here on the forum. Ya never know who knows someone who knows someone....

Perhaps a job as a book reviewer is in order... You've done well by me that's for sure.

BTW, I'm finished with #3 and moving on to #4 in the series. Thanks again!

10-14-2008, 07:43 AM	#6
Audiofn Senior Member Join Date: Sep 2004 Location: Bedford, MA/Naples, ME Posts: 162 Thanks: 3 Thanked 2 Times in 2 Posts	Now that people are realizing that it is not just US but the entire world that is hurting it does not seem so bad. Dollar got a LOT stronger in the last few days and this has more to do with England and other countries stepping up and injecting money along with the US. Most of that drop was panic driven by the media. Most companies are well run and sound. Now if they can address the business world getting loans then we should come out of this OK. Were does a union guy go to get a union job? I am not a union guy but I do work with union guys a lot. IMO unions are a thing of the past. There is no doubt that they were needed but now they are ruining businesses by raising the costs of production to the point that companies in the US can not compete any more. My wife works for a huge fortune 50 company. They are laying many many people off. They moved production from a location in mass. and Utah over to Switzerland. Labor costs over there are much higher but the taxes are low. So what do people think will happen with Obama wants to raise them. IMO more manufacturing will run from this country. My guess however is that this is a little bit of a dead cat bounce and expect it to drop again. Last edited by Audiofn; 10-14-2008 at 10:53 AM.

10-18-2008, 04:59 AM	#11
sea_n_ski Member Join Date: Jul 2004 Location: Atkinson & Meredith, NH Posts: 45 Thanks: 2 Thanked 7 Times in 3 Posts	You have to support the lakes region Let's face it most of us are summer residents and spend a weekend here and there the rest of the year. We have always made it a point to do as much business as possible int he lakes region because we love it so much. I always fill up when in area. We buy things local to keep the businesses alive. We even go up to Mills Falls to do our Christmas shopping. I just had the trim painted on my hours and the painter had no work. I felt bad, so I had him paint the main areas inside. Although it wasn't a big job, it made his day. We always wait until we are around Meredith before we eat out or buy anything. My point is if we don't support these local businesses they won't be there when we need them. Its got to be rough on the people who own businesses around the lake. Let's face it, regardless of what all the experts say good or bad, we are all tightening our belts and spending less. We need to make sure when we support our local merchants. Spend the extra buck at the local hardware store instead of going to Home Depot back home. This thing will turn around eventually. Until it does, those of us that are seasonal residents need to do everything we can to support the lake economy. Otherwise it will become a ghost town.

07-29-2009, 11:26 AM	#14
sa meredith Senior Member Join Date: Jun 2007 Posts: 986 Blog Entries: 1 Thanks: 32 Thanked 352 Times in 137 Posts	The end! Well, as the starter of this thread, I felt it appropriate to post this. On August 31st, the owner of the business I have worked for the past 21 years, will lock the doors, and will not be opening them on September 1st, or ever again. A lot of blood, sweat, tears, and ass kissing as I climbed the ladder over the years. And now, to be kicked right off the ladder...oh well. We certainly hung in there as long as we could, but in the end, the family owned business just can't go head to head with the superstore when it comes to big ticket items. Think "Home Depot" vs. "The Neighborhood Hardware Store". So now I am a victim of the economy...but when one door closes, another opens...right? Now, about those boat payments, fees for valet service, and the annual lease on the land for camp....

07-29-2009, 12:28 PM	#15
Irish mist Senior Member Join Date: Dec 2006 Posts: 686 Thanks: 128 Thanked 85 Times in 49 Posts	Terrible news. I hope you find some work quick. Last edited by Irish mist; 02-27-2011 at 11:49 PM.

07-29-2009, 07:59 PM	#20
Skip Senior Member Join Date: Apr 2004 Location: Dover, NH Posts: 1,615 Thanks: 256 Thanked 514 Times in 182 Posts	Best of luck.... Let me add to the list of those expressing sympathy for your plight, and the demise of the local business you devoted so much of your life too..... Its truly ashame to read stories such as yours, and it really jumps out at you when it happens to one of your friends, even though our friendship is internet related. It truly personalizes and puts a face to the mind numbing statistics that I read daily on-line and in the print press. I wish you the best and am sure you will come out stronger in the end.... Skip

10-06-2008, 08:29 PM	#1
Audiofn Senior Member Join Date: Sep 2004 Location: Bedford, MA/Naples, ME Posts: 162 Thanks: 3 Thanked 2 Times in 2 Posts	BOY did that almost 1 trillion dollars help out the markets.... It is obvious that the market does not like what the gov has in store for them. The dow was down 800 points at one point today. What was the last time that we saw money being tossed at something make it correct. Look at the Big Pig in Boston!! You know what the workers used to say there? "Hide and go seek for a thousand a week". They put money into this "bailout" for freeking wooden arrow research!!!!! We all have to live with this decision for a long long time. So now I not only get to pay for my house but for a lot of other peoples as well because they did not "understand" that when you work at McD's you can not buy a house that costs 700 grand!! Ok I am done now I think my brain is about to explode.

10-12-2008, 09:46 AM	#3
HUH Senior Member Join Date: May 2004 Posts: 230 Thanks: 21 Thanked 14 Times in 8 Posts	Thanks Bill Great idea lets give everyone on welfare a mortgage as well http://query.nytimes.com/gst/fullpag...=&pagewanted=1

10-13-2008, 04:05 PM	#4
sa meredith Senior Member Join Date: Jun 2007 Posts: 986 Blog Entries: 1 Thanks: 32 Thanked 352 Times in 137 Posts	what, me worry? So the market closes up 900 plus today. And some of you guys were worried... (he said, tongue firmly in cheek) Message to Lester: We GOTTA have this one. Go Sox!

10-14-2008, 08:54 AM	#7
SAMIAM Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 2,911 Thanks: 337 Thanked 1,687 Times in 593 Posts	Unions are the main reason that America has lost all of its jobs.Their wage,benifit and retirement demands have driven out millions of jobs.Don't blame the business'.In Detroit,for example....guy making $35 an hour running a rivet gun all day.Calls in sick on monday,stays stoned at work all week and takes off at noon on friday.They can't fire him because of the union. Even around here it's noticable.Sysco drivers (non union0 work alone and unload a tractor trailer.Budweiser drivers (union) show up in a little box truck with at least two,sometimes three guys.We tease them when they show up...I ask them "Hey,who's the clipboard operator today"

10-14-2008, 10:09 AM	#9
EricP Senior Member Join Date: Mar 2007 Posts: 329 Thanks: 28 Thanked 11 Times in 7 Posts	Seems to me that Unions have gone a bit far, not only that now that we have the DOL are they as neccessary as they used to be? They've become too powerful and can ruin a business. I think recently I saw that Boeing was in real danger of bankruptcy and they lost an Air Force contract to Airbus. A lot of Americans cried foul because we lost to an overseas company and Americans were in danger of losing jobs. Congress I guess rethought the contract and gave it to Boeing, then a couple weeks later I hear that the Boeing workers are or may be going on strike. That is ridiculous, they came close to losing their jobs and now they strike? Seems stupid to me. I don't know the details of why they were striking, but it would seem trivial in light of losing your job coupled with the current economic conditions.

10-17-2008, 08:40 AM	#10
Argie's Wife Senior Member Join Date: Oct 2004 Location: Alton Posts: 1,908 Blog Entries: 1 Thanks: 533 Thanked 579 Times in 260 Posts	Forbes Magazine just named 3 NH communities - Concord, NH being one of the three communities (in a list of 10 communities!) - as "recession proof"... Here's the article: http://www.wmur.com/money/17735706/detail.html

10-18-2008, 09:45 AM	#12
SAMIAM Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 2,911 Thanks: 337 Thanked 1,687 Times in 593 Posts	Good for you Sea n Ski.....I'm with you there.Rarely go to a big box store.rather get great service for just a little more money....recently got new computers at Lakes Region Computer in center Harbor and got great service.Try calling Staples if you have a problem.

07-29-2009, 05:41 PM	#17
tis Senior Member Join Date: Jan 2006 Posts: 6,767 Thanks: 754 Thanked 1,462 Times in 1,018 Posts	I am very sorry for you too sa and your boss and your company as well. It is so sad and scary what is happening to this country! Is your company in NH?

07-29-2009, 06:44 PM	#18
eillac@dow Senior Member Join Date: Jun 2008 Location: Dow Island & Weymouth, MA Posts: 365 Thanks: 295 Thanked 94 Times in 48 Posts	SA, I too feel very bad for you. It is a shame. Things do happen for a reason and they will get better. I worked for the Gillette Company for 21 years and was let go about 2 years ago. I was able to take a year off and and have now been employed for 1 year. I wish you the best.

07-29-2009, 11:46 PM	#21
hazelnut Senior Member Join Date: Oct 2003 Posts: 1,348 Blog Entries: 3 Thanks: 508 Thanked 462 Times in 162 Posts	sa that is a bummer! Whereabouts do you reside full time. I'm not sure if you mentioned that to me. Might as well start networking right here on the forum. Ya never know who knows someone who knows someone.... Perhaps a job as a book reviewer is in order... You've done well by me that's for sure. BTW, I'm finished with #3 and moving on to #4 in the series. Thanks again!

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