Has the industry ever been hit this hard?
07-02-2009, 01:46 PM
#41
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Economy (Poor)
Consumer Confidence (terrible)
Fuel (Going back up)
Insurance (High)
Financing (Not Good)
Trade In (No one taking any)
Speed Limits
Manatee Zones
EPT Requirements
Noise restrictions
Huge number of repocessed boats on the market cheap
A large used market for sale cheap
Rapid depreciation
I don't think the industry has ever had this many obstacles to overcome.
Consumer Confidence (terrible)
Fuel (Going back up)
Insurance (High)
Financing (Not Good)
Trade In (No one taking any)
Speed Limits
Manatee Zones
EPT Requirements
Noise restrictions
Huge number of repocessed boats on the market cheap
A large used market for sale cheap
Rapid depreciation
I don't think the industry has ever had this many obstacles to overcome.
07-02-2009, 02:14 PM
#43
Registered
Actually...The media is now trying to PLAY DOWN how bad the economy is to make Obama seem like he's having some success.
The facts are simple as I see it....
1. The libs ruined the economy by forcing banks to give mortgages to deadbeats or over reachers, and the media ignored it.
2. The libs blamed it all on Bush and the media trashed him
3. Even worse Libs (Socialist revolutionaries) got elected as a result and the media led the parade.
4. Now our major manufacturing core is destroyed, The housing market is in shambles, our banks don't lend, layoffs and unemployment is soaring (covered up somewhat by people who have been on unemployment for so long that they are now moving over to the welfare rolls), our taxes are about to go into orbit, and the media is talking about "signs of recovery", because the rate of decline is "slowing".
5. Bottom line.....At least 2 more years of this debacle, during which period our entire life styles, everyday brands, and leisure choices will change markedly for the worse, and the media will be concentrating solely on getting Obama re-elected playing "Happy Days are here again" for the nitwit voters.
I am in the truck transportation business and we monitor tonnage traveling on all modes, rail, air, water and road... there are NO SIGNS of improvement.....in any area...other than seasonal produce.
We voted these b*st*rds in and the cost is going to be too much to swallow.
T2x
The facts are simple as I see it....
1. The libs ruined the economy by forcing banks to give mortgages to deadbeats or over reachers, and the media ignored it.
2. The libs blamed it all on Bush and the media trashed him
3. Even worse Libs (Socialist revolutionaries) got elected as a result and the media led the parade.
4. Now our major manufacturing core is destroyed, The housing market is in shambles, our banks don't lend, layoffs and unemployment is soaring (covered up somewhat by people who have been on unemployment for so long that they are now moving over to the welfare rolls), our taxes are about to go into orbit, and the media is talking about "signs of recovery", because the rate of decline is "slowing".
5. Bottom line.....At least 2 more years of this debacle, during which period our entire life styles, everyday brands, and leisure choices will change markedly for the worse, and the media will be concentrating solely on getting Obama re-elected playing "Happy Days are here again" for the nitwit voters.
I am in the truck transportation business and we monitor tonnage traveling on all modes, rail, air, water and road... there are NO SIGNS of improvement.....in any area...other than seasonal produce.
We voted these b*st*rds in and the cost is going to be too much to swallow.
T2x
From an older sensible side!
07-02-2009, 02:18 PM
#44
And what in this economy justifies the price of gasoline going from $1.65 (late last year) to $2.79. This is a 69% increase in the price of gas to the customer. Has the economy changed that much in the last 7-8 months, why????
07-02-2009, 03:15 PM
#46
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You're being kind.
My wife is in the secondary market which for a full year as of this past April was in complete shutdown. No mortgage package action what-so-ever. However as of April the re-fi market started to hit now the big banks are going back to business on regular mortgages. She's quite busy now and volume has picked up substantially, so at least the originators are able to sell off their bundles and raise capital for new loans. However the underwriting guidelines are much different than before.
My wife is in the secondary market which for a full year as of this past April was in complete shutdown. No mortgage package action what-so-ever. However as of April the re-fi market started to hit now the big banks are going back to business on regular mortgages. She's quite busy now and volume has picked up substantially, so at least the originators are able to sell off their bundles and raise capital for new loans. However the underwriting guidelines are much different than before.
07-02-2009, 05:47 PM
#47
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Wow, T2X.
Um, perhaps it was the reduction of oversight. These mortgages were made because the people who made them made MONEY, not because of what anyone on Washington did. When was the last time YOU jumped because some dope in Washington blathered on about something? Exactly. Nobody else does either. Follow the money, not the talking, and you'll see where the action is.
Dude, he was in office for 8 years. You don't think the President has any affect on the economy? Just because Bush had no idea what the F he was doing, does not mean he did not influence some of the results.
While you seem to get by without thinking, its pretty nice to have leadership that thinks.
The destruction happened on Bush's watch. You really can't remember that many months ago?
It will take awhile to undo so many years of destructive mis-management. At least those years are over, and eventually we'll get back to a balanced budget.
Consider this: The deficit would be ZERO except for the "Bush tax cut." That tax cut resulted in ten trillion dollars of federal debt. That ten trillion dollars was sucked out of the economy, and the entire middle class gets to pay it back.
Ya think that might have had an affect on the economy? Ya think?
I agree. We don't see signs of improvement, just signs of it getting worse less quickly. This is a depression. It started 18 months ago in most industries, and it aint close to being over.
Consider that the commercial real estate bubble is just starting to burst.
And as long as we keep doing the really stupid stuff that sucks huge amounts of money out of the economy, its going to be awhile before it gets better.
1) Importing a trillion dollars a year in petroleum. That's a lot of money to vacuum out of everyone's pockets.
2) Fix health care. The USA has the most expensive health care in the world by far: we spend $7000 per person per year. The rest of the developed world spends half that FOR SUBSTANTIALLY BETTER HEALTH CARE. That means everything made in the USA has to include that cost. That means $3500 per person, for every man/woman/child is blown every year on BS.
3) Stop blowing money on the military: we spend more on military than the rest of the planet COMBINED. No tanks were involved in 9/11. Its a total waste of money. Cut that by 90%, and now we can really talk about getting the deficit down.
4) Stop deficit spending! Our taxes are the lowest in the developed world.
Actually...The media is now trying to PLAY DOWN how bad the economy is to make Obama seem like he's having some success.
The facts are simple as I see it....
1. The libs ruined the economy by forcing banks to give mortgages to deadbeats or over reachers, and the media ignored it.
The facts are simple as I see it....
1. The libs ruined the economy by forcing banks to give mortgages to deadbeats or over reachers, and the media ignored it.
2. The libs blamed it all on Bush and the media trashed him
3. Even worse Libs (Socialist revolutionaries) got elected as a result and the media led the parade.
4. Now our major manufacturing core is destroyed, The housing market is in shambles, our banks don't lend, layoffs and unemployment is soaring (covered up somewhat by people who have been on unemployment for so long that they are now moving over to the welfare rolls), our taxes are about to go into orbit, and the media is talking about "signs of recovery", because the rate of decline is "slowing".
5. Bottom line.....At least 2 more years of this debacle, during which period our entire life styles, everyday brands, and leisure choices will change markedly for the worse, and the media will be concentrating solely on getting Obama re-elected playing "Happy Days are here again" for the nitwit voters.
Consider this: The deficit would be ZERO except for the "Bush tax cut." That tax cut resulted in ten trillion dollars of federal debt. That ten trillion dollars was sucked out of the economy, and the entire middle class gets to pay it back.
Ya think that might have had an affect on the economy? Ya think?
I am in the truck transportation business and we monitor tonnage traveling on all modes, rail, air, water and road... there are NO SIGNS of improvement.....in any area...other than seasonal produce.
We voted these b*st*rds in and the cost is going to be too much to swallow.
T2x
We voted these b*st*rds in and the cost is going to be too much to swallow.
T2x
Consider that the commercial real estate bubble is just starting to burst.
And as long as we keep doing the really stupid stuff that sucks huge amounts of money out of the economy, its going to be awhile before it gets better.
1) Importing a trillion dollars a year in petroleum. That's a lot of money to vacuum out of everyone's pockets.
2) Fix health care. The USA has the most expensive health care in the world by far: we spend $7000 per person per year. The rest of the developed world spends half that FOR SUBSTANTIALLY BETTER HEALTH CARE. That means everything made in the USA has to include that cost. That means $3500 per person, for every man/woman/child is blown every year on BS.
3) Stop blowing money on the military: we spend more on military than the rest of the planet COMBINED. No tanks were involved in 9/11. Its a total waste of money. Cut that by 90%, and now we can really talk about getting the deficit down.
4) Stop deficit spending! Our taxes are the lowest in the developed world.
07-02-2009, 06:17 PM
#48
Registered
Wow Car Crash.
The mess we are in right now is not simply Bush's fault - an inconvenient truth, I know, but true nonetheless. Indeed, there is plenty of blame to go around. Rich's analysis of the situation is pretty spot on in my opinion, at least with respect to the media bias and liberal attacks on Bush swaying public opinion. People were convinced by relentless negative attacks that all things Bush needed to go, replaced by "Change We Can Believe In".
So what did we get: a 47 year old guy with zero experience at anything, reshaping everything America has ever stood for, and flat out lying to us every step of the way. People compare this guy to Carter? Not even close. Carter was at least a governor and submarine commander. This guy was a state senator. Never earned an honest living doing honest work. Never met a payroll, never created a business plan. Barely even spent time actually practicing law. He was not qualified to serve as an executive in a Fortune 500 company, yet we elected him president?
And what has he done so far? Reagan won the 1980 election when he posed this question in his second debate with Carter: Are you better off than you were four years ago? Today's equivalent question is this: Based on everything you see this president doing today, do you honeestly think we will be better off in four years?
The answer is "NO WAY", either economically or in terms of our foreign policy. America will never come out of this current funk, nor will it remain as the richest most powerful country on earth when:
1. We strangle our people with higher and more taxes;
2. We take the side of morally corrupt regimes rather than standing up for what is morally right.
3. We unilaterally disarm ourselves while allowing psychotic regimes to develop nuclear weapons and threaten our friends.
If we as Americans do not wake up fast you can forget about the boat industry. We will have much bigger problems to worry about.
The mess we are in right now is not simply Bush's fault - an inconvenient truth, I know, but true nonetheless. Indeed, there is plenty of blame to go around. Rich's analysis of the situation is pretty spot on in my opinion, at least with respect to the media bias and liberal attacks on Bush swaying public opinion. People were convinced by relentless negative attacks that all things Bush needed to go, replaced by "Change We Can Believe In".
So what did we get: a 47 year old guy with zero experience at anything, reshaping everything America has ever stood for, and flat out lying to us every step of the way. People compare this guy to Carter? Not even close. Carter was at least a governor and submarine commander. This guy was a state senator. Never earned an honest living doing honest work. Never met a payroll, never created a business plan. Barely even spent time actually practicing law. He was not qualified to serve as an executive in a Fortune 500 company, yet we elected him president?
And what has he done so far? Reagan won the 1980 election when he posed this question in his second debate with Carter: Are you better off than you were four years ago? Today's equivalent question is this: Based on everything you see this president doing today, do you honeestly think we will be better off in four years?
The answer is "NO WAY", either economically or in terms of our foreign policy. America will never come out of this current funk, nor will it remain as the richest most powerful country on earth when:
1. We strangle our people with higher and more taxes;
2. We take the side of morally corrupt regimes rather than standing up for what is morally right.
3. We unilaterally disarm ourselves while allowing psychotic regimes to develop nuclear weapons and threaten our friends.
If we as Americans do not wake up fast you can forget about the boat industry. We will have much bigger problems to worry about.
07-02-2009, 06:53 PM
#49
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Wow, T2X.
Um, perhaps it was the reduction of oversight. These mortgages were made because the people who made them made MONEY, not because of what anyone on Washington did. When was the last time YOU jumped because some dope in Washington blathered on about something? Exactly. Nobody else does either. Follow the money, not the talking, and you'll see where the action is.
Dude, he was in office for 8 years. You don't think the President has any affect on the economy? Just because Bush had no idea what the F he was doing, does not mean he did not influence some of the results.
While you seem to get by without thinking, its pretty nice to have leadership that thinks.
The destruction happened on Bush's watch. You really can't remember that many months ago?
It will take awhile to undo so many years of destructive mis-management. At least those years are over, and eventually we'll get back to a balanced budget.
Consider this: The deficit would be ZERO except for the "Bush tax cut." That tax cut resulted in ten trillion dollars of federal debt. That ten trillion dollars was sucked out of the economy, and the entire middle class gets to pay it back.
Ya think that might have had an affect on the economy? Ya think?
I agree. We don't see signs of improvement, just signs of it getting worse less quickly. This is a depression. It started 18 months ago in most industries, and it aint close to being over.
Consider that the commercial real estate bubble is just starting to burst.
And as long as we keep doing the really stupid stuff that sucks huge amounts of money out of the economy, its going to be awhile before it gets better.
1) Importing a trillion dollars a year in petroleum. That's a lot of money to vacuum out of everyone's pockets.
2) Fix health care. The USA has the most expensive health care in the world by far: we spend $7000 per person per year. The rest of the developed world spends half that FOR SUBSTANTIALLY BETTER HEALTH CARE. That means everything made in the USA has to include that cost. That means $3500 per person, for every man/woman/child is blown every year on BS.
3) Stop blowing money on the military: we spend more on military than the rest of the planet COMBINED. No tanks were involved in 9/11. Its a total waste of money. Cut that by 90%, and now we can really talk about getting the deficit down.
4) Stop deficit spending! Our taxes are the lowest in the developed world.
Um, perhaps it was the reduction of oversight. These mortgages were made because the people who made them made MONEY, not because of what anyone on Washington did. When was the last time YOU jumped because some dope in Washington blathered on about something? Exactly. Nobody else does either. Follow the money, not the talking, and you'll see where the action is.
Dude, he was in office for 8 years. You don't think the President has any affect on the economy? Just because Bush had no idea what the F he was doing, does not mean he did not influence some of the results.
While you seem to get by without thinking, its pretty nice to have leadership that thinks.
The destruction happened on Bush's watch. You really can't remember that many months ago?
It will take awhile to undo so many years of destructive mis-management. At least those years are over, and eventually we'll get back to a balanced budget.
Consider this: The deficit would be ZERO except for the "Bush tax cut." That tax cut resulted in ten trillion dollars of federal debt. That ten trillion dollars was sucked out of the economy, and the entire middle class gets to pay it back.
Ya think that might have had an affect on the economy? Ya think?
I agree. We don't see signs of improvement, just signs of it getting worse less quickly. This is a depression. It started 18 months ago in most industries, and it aint close to being over.
Consider that the commercial real estate bubble is just starting to burst.
And as long as we keep doing the really stupid stuff that sucks huge amounts of money out of the economy, its going to be awhile before it gets better.
1) Importing a trillion dollars a year in petroleum. That's a lot of money to vacuum out of everyone's pockets.
2) Fix health care. The USA has the most expensive health care in the world by far: we spend $7000 per person per year. The rest of the developed world spends half that FOR SUBSTANTIALLY BETTER HEALTH CARE. That means everything made in the USA has to include that cost. That means $3500 per person, for every man/woman/child is blown every year on BS.
3) Stop blowing money on the military: we spend more on military than the rest of the planet COMBINED. No tanks were involved in 9/11. Its a total waste of money. Cut that by 90%, and now we can really talk about getting the deficit down.
4) Stop deficit spending! Our taxes are the lowest in the developed world.
You're serious? I mean really...
07-02-2009, 07:00 PM
#50
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Interesting thread....IMHO the issue is GLOBALIZATION.
Most nations of the world are competing with each other for sales to the U.S. Meanwhile,many of those same nations are jealous of our life style and/or demand finacial support. Our trade deficit is not improving as tx2 can verify by frieght movement.
Most nations of the world are competing with each other for sales to the U.S. Meanwhile,many of those same nations are jealous of our life style and/or demand finacial support. Our trade deficit is not improving as tx2 can verify by frieght movement.
