Thoughts on this bailout and “stimulus”?

[SAJ-99]

For the sake of staying on topic I’m not gonna elaborate in that.

I sincerely hope that any bailouts go to the People who need it most and they use it wisely in this time. I sincerely hope that in 3 months I’m not one of the folks needing a check to help me out. I’ve been poor and never wanted to be given anything , just the chance to work hard and get compensated fairly.

That said,

last year I sent out 2 1099’s 76,000 and 101,000, paid one guy 78,000 and a part time college kid 34,000. Receipts spent on lodging,fuel,supplies around 53,000 in local Montana businesses.

Hopefully we can get back to those days when this all over.

I don't think it is off topic. Regardless of what our collective opinion is on this thread, the money is coming. Lots of it. To the workers, to the corporations, to wherever it needs to go. We will see if it results in inflation later on. Economics is called the dismal science for a reason. Everything works great in a model. Not always so in real life.

 

[Deleted member 28227]

@Festus could probably do much better...

Philippians 2:2-4
Complete my joy by being of the same mind, having the same love, being in full accord and of one mind. Do nothing from selfish ambition or conceit, but in humility count others more significant than yourselves. Let each of you look not only to his own interests, but also to the interests of others.

 

[Ben Lamb]

Yes, thanks, I didn't account that OT is probably at 1.5x. It still isn't a living wage. A 16hr day is $280 pre tax. 7 days every week for 4 months (16wks) is less than $32k. You could probably live on that, but it would be paycheck to paycheck. Unfortunately too many people do. We might agree that a lot of this is no ones fault but the one making the choice earlier in life (when decision making typically sucks). Not learning a skill or going to college has consequences. But if you are a politician, these people vote and don't want to hear it is their fault. We learned that during the last crisis. People who took out mortgages they couldn't afford deflected blame to the bank that loaned them the money. It is just human nature.

Another way to look at that is that if you can't get to a point early in your life to afford the basic necessities, saving is a dream. The cost of college, including trade schools (most of these are Junior colleges, btw), is at an all time high, and many people can't afford it. Likewise, there are fewer programs available that can help get people placed into trades either as apprentices or in gov't program sponsored positions (some states have started to address this, btw).

It's easy to blame citizens for the faults of our overlords, but let's be honest: low cost mortgages were incentivized by a financial industry that prized top dollar returns in the short term rather than long term market stability. We've lost trillions in grift through 20 years of war, bailouts for banks, etc. Wealth inequality is at an all time high and while individuals do and should bear some of the blame, we also need to recognize that there is a system in place encouraging people to make some extremely poor decisions in order to maximize company profits.

 

[tjones]

I know daycare rates. I know what it takes. Minimum wage jobs pay minimum wage because of MINIMUM skill. Learn a skill and capitalize upon it. I know bartenders that make huge money. There's literally a million jobs that a single mother could do to provide for her kids. Case and point. One of the ladies that works in my office is a single mother. She works 40 hours a week. Isn't living above her means. Doesn't drive a fancy car. But she makes ends meet. She can do it. Why can't anyone else? She learned how to do accounting and now helps our main controller. Fairly simple to learn. Doesn't require crazy hours. Where there's a will there's a way.

Ohh to be 22 again.

 

[Deleted member 28227]

Ohh to be 22 again.

Everyone's perspective is welcome, lot of 22 year olds out there with a lot more wisdom than 75 year olds.

Everyone, me included, needs to focus on the content of the comments and not a persons age.

@rjthehunter sorry if my comment's came across as talking down to you, I do that shit to my sister and it drives her nuts, it's something I need to work on. You eared your experiences just as we all did.

 

[rjthehunter]

Of course you do.

You don't think I hear about it from people who work here? They complain about it all the time... My friends all have kids. I tend to spend my time with people between 28 to mid 30s.

 

[rjthehunter]

Everyone's perspective is welcome, lot of 22 year olds out there with a lot more wisdom than 75 year olds.

Everyone, me included, needs to focus on the content of the comments and not a persons age.

@rjthehunter sorry if my comment's came across as talking down to you, I do that shit to my sister and it drives her nuts, it's something I need to work on. You eared your experiences just as we all did.

No worries. I respect your comments and your opinion. We don't see eye to eye on everything but I like looking at certain things from both sides. So your comments are always welcome!

 

[Ben Lamb]

Good rule of thumb for internet discussions is act like you're talking to a family member you like & respect.

You may want to smack them, but then you're out of the will.

 

[tjones]

Everyone's perspective is welcome, lot of 22 year olds out there with a lot more wisdom than 75 year olds.

Everyone, me included, needs to focus on the content of the comments and not a persons age.

@rjthehunter sorry if my comment's came across as talking down to you, I do that shit to my sister and it drives her nuts, it's something I need to work on. You eared your experiences just as we all did.

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

 

[rjthehunter]

There we go.

Quit and go elsewhere. Lots of places hiring at better wages across the board for any type of work.

 

[JLS]

Quit and go elsewhere. Lots of places hiring at better wages across the board for any type of work.

Please stop digging.

 

[JLS]

@Ben Lamb are you going to spend yours fixing the Ford?

Shoulda bought a ‘yota.

 

[rwc101]

Quit and go elsewhere. Lots of places hiring at better wages across the board for any type of work.

All talk. I worked for minimum wage after finishing my Masters degree. It can happen to anyone.

 

[Ben Lamb]

@Ben Lamb are you going to spend yours fixing the Ford?

Shoulda bought a ‘yota.

Ford is fixed. Had the dealership pay for it. It was their mess up.

I hold corporations accountable. I'm basically the Liz Warren of Helena.

 

[JLS]

All talk. I worked for minimum wage after finishing my Masters degree. It can happen to anyone.

I spent a year and a half out of grad school working in the labor portion of manufacturing. Sometimes people can’t just up and move, for various reasons.

 

[Deleted member 28227]

I'm basically the Liz Warren of Helena.

 

[ignorethefringes]

. . . .

Hey man, you're kind of digging yourself a hole here. To assume you have it all figured out is merely putting your ignorance on display. Trust me man, we were all ignorant at 22 (and maybe even 32, or 33 right now lol). Answers are rarely as simple as they seem and circumstances are rarely as straightforward as you think. I already explained my personal circumstances. If my 3 y/o had to go to daycare instead of staying home with me it completely soak up our excess monthly cash flow pretty quick. And we're not minimum wage, not by a long shot.

Take a step back, realize that your life and experience represent you alone, and that most people that have been on this earth 10, 20, 30+ years longer than you may have a better understanding how it works. No one is hating on you (or at least, they shouldn't be), but a little humility will take you a long way in life.

 

[VikingsGuy]

Hey man, you're kind of digging yourself a hole here. To assume you have it all figured out is merely putting your ignorance on display. Trust me man, we were all ignorant at 22 (and maybe even 32, or 33 right now lol). Answers are rarely as simple as they seem and circumstances are rarely as straightforward as you think. I already explained my personal circumstances. If my 3 y/o had to go to daycare instead of staying home with me it completely soak up our excess monthly cash flow pretty quick. And we're not minimum wage, not by a long shot.

Take a step back, realize that your life and experience represent you alone, and that most people that have been on this earth 10, 20, 30+ years longer than you may have a better understanding how it works. No one is hating on you (or at least, they shouldn't be), but a little humility will take you a long way in life.

I am surprised this line of discussion hasn't gotten an, "OK Boomer" yet

 

[JLS]

I am surprised this line of discussion hasn't gotten an, "OK Boomer" yet

LOL Gen Xer here.

 

[ignorethefringes]

I am surprised this line of discussion hasn't gotten an, "OK Boomer" yet

Us millennials are trying to more emotionally sensitive considering all else you're facing right now