The Lenders are culpable, because they failed to adhere to sound lending parctices, and failed miserably in checking out the ability o fthe applicants to pay for the mortgages, as they were issued.

The Borrowers are at fault, for failing to adhere to the terms of their loans, and borrowing more than they could legitimately afford.

Yes..in tough times, it is hard to make the payments. But...when a person borrows for a home, they should borrow within their means.

 

Some changes will be:

1) Lower wages for non-union company drivers due to less demand for drivers.
1a)Fewer union jobs
2) More strict hiring guidelines due to less demand for drivers.

3) Greater push for intermodal transportation by the Obama administration and Obama supporter Warren Buffett, whose company owns a railroad.

4) Less influence by OOIDA due to shrinking membership.

5) Greater influence by the Teamster's because of the Obama administration's love of unions and Jimmy Hoffa's $100 million war chest.

6) More environmental regulation than ever=less profit=fewer jobs=less demand=fewer jobs=less demand=fewer jobs=less demand.

7) Fewer small trucking companies {refer to no.6 }

8) Consolidation among competitors in an effort to exercise some pricing power with shippers who clearly have an upper hand.

9) More bankruptcies due to shrinking margins , fierce price competition and less demand.

10) Smaller paydays for everyone in this industry due to lower demand. Anyone seen any sign of a rebound in the economy?

 

The president has as much to do with our economy as I do. No president has ever written law. He may state his administrations policy on (insert issue here), but he has zero bearing on the economy. That distinct honor belongs to the representatives we have sent to Washington, you know, the winners like Al Franken, Nancy Pelosi, Harry Reid, and even John McCain. The economy is what is right now, bad.
The past 15 years of America getting fat eventually had to end. Artificial increases in real estate values, lax credit requirements, and obscene profits made this all but inevitable.
We can only hope the aforementioned representatives will make these companies that are receiving these massive amounts of tax dollars, be accountable. Right now we are apparently just throwing money at whatever hand happens to be extended without any control or accounting whatsoever.
Personally, I don't give two hoots if it's Obama or whomever, but someone up there needs to look at the big picture; throwing money at a problem hasn't ever solved a problem, it simply makes it go away for a while.

 

i think tomorrow will bring another trip to jersey!!!

 

And congress is at fault for forcing lenders to make loans to people that had no ability to repay them. But congress gave the lenders an out by having Fanny Mae and Freddie Mac purchase the bad paper from the lenders. In the end the tax payers are left holding the bag (again). Just one more example that illustrates every time the goverment steps outside the Constitution it just screws things up.

 

Its really slow out there/here .... word on the street has it Swift and Covenant

are sidelining about 2800 trucks and drivers between the 2 companies.

 

Influence by the IBT due to Haffa's war chest? Come on now...In the mid 70's union representation was at approx 33%...today, depending on the profession, you're looking at 8% to 10%. The war chest you mention has NO option to influence our profession.

What you are seeing is the infiltration of migrating professionals uprooted from their original professions...

 

Tell Jersey I said hi. I'm stuck running western PA and eastern OH till further notice.

 

If anyone done their homework per say We would not have a house and Senate full of Democrats, nor a President. But we have all heard NBC, CBS, ABC, CNN pass on all the Liberals side and laugh at the other side. These net works would broadcast news one week, and the next denied it louder.

But every time Democrats been incharge or in control, our economy has suffered. And they been in control since 2007, when the economy made it turn around to the worst. Prior to 2007, it was growing, to slow but it was growing.

Do I see our Economy improving in the next 4 years? No. Getting worst? Yes. When will it improve? When we wake up and take our Country Back. But what will it take? We Americans say we want to do what ever it takes to bring our manufacturing back to the USA. This will only be done by 2 means, make the companies want to move back here. Lower pay scales, harder to ship into the USA. I did not say it would be easy, but it a must. Why pay you 2000.00+ a month when they can get the same job done for less than 200.00 per month? As some remember me I lived over in the Philippines for a period of time and I seen people working for 1.00 a day. My Wife to be as a Civil Engineer mad 50.00 a week building a Refinery, and when she stated on the project they were 2 weeks behind, but they finished on time.

With the new Administration do I feel secure? NO! already in the second day they again given Aid and Comfort to Our Enemies. While I was living in the Philippines I witness the results of the Democrats Actions, 137 Women and Children lost their lives. The only way to Defeat Terrorist is to do away with them. Reteach them? That a joke. Being nice to them? Only get you dead. Arrest them? Only get you laughed at. Only way is to KILL. Our problem is we are to nice when it comes to War.


so what do I see for our future?

I see a night mare for most, heartaches for the rest.

I see more Terrorist Attacks here in the USA,

I see a rich Country going down hill

I see the beginning of the Fall of the USA so to speak.


Hope? with Obama we have NO HOPE!

Bush done a good job, but had his hands tied to much especially in the end. I did not agree with everything, but I can not agree with much with the Democrats way of thinking. Charles Manson would been a better choice than any Democrat in my Book. The Democrats has done much worst than him.

 

So I guess my next step would be to go and end it all.... No recovery in sight due to Obama's election. WE'RE DOOOOOOOOMED!!!!!!

And Bush did what? He led us where? WMD? Economy was great prior to 2007? Bush had his what tied ?