Comments on: Big chunk of people think our economy will become better… http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/ Bike Your Drive! Thu, 09 Feb 2012 21:26:54 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Zakk http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-10739 Zakk Tue, 15 Apr 2008 20:55:55 +0000 http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-10739 GIBSON RULEZ GIBSON RULEZ

]]> By: db http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8625 db Mon, 24 Mar 2008 13:38:43 +0000 http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8625 I'd also be part of those who think the economy will get worse before it gets better. I started bike commuting for both a workout and to save some money. So, for me, the joy of it has not been a casualty of the economy. And yeah, cash and Ebay. That's where it's at. I'm selling right now, and buying when I need to. ;) I’d also be part of those who think the economy will get worse before it gets better. I started bike commuting for both a workout and to save some money. So, for me, the joy of it has not been a casualty of the economy.

And yeah, cash and Ebay. That’s where it’s at. I’m selling right now, and buying when I need to. ;)

]]> By: Mike http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8447 Mike Sun, 23 Mar 2008 17:17:51 +0000 http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8447 Recent wheeling and dealing resulted in the sale of one of our two cars, the purchase of a tandem bike (early Burley Duet) for about what I got for the beater car, and sale of a road race bike in parts on ebay to finance a 8sp internal gear commuter. If polled, I'd be in the 10% of respondents who said things will get worse rather than better. I guess I could have put that money away or invested in guns if I went a different way, but no, I spent it on bikes and bike parts. ...except without racking up any credit debt like I might have been tempted to do in the past. Recent wheeling and dealing resulted in the sale of one of our two cars, the purchase of a tandem bike (early Burley Duet) for about what I got for the beater car, and sale of a road race bike in parts on ebay to finance a 8sp internal gear commuter. If polled, I’d be in the 10% of respondents who said things will get worse rather than better. I guess I could have put that money away or invested in guns if I went a different way, but no, I spent it on bikes and bike parts. …except without racking up any credit debt like I might have been tempted to do in the past.

]]> By: Mike Myers http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8311 Mike Myers Sat, 22 Mar 2008 04:47:29 +0000 http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8311 The people who think the economy will become better are engaging in wishful thinking. The dollar shows no signs of stopping its slide, energy costs are hitting record levels, the housing market has still not hit bottom, and credit card debt is at an all time high. Alan Greenspan has said that the economic indicators now are worse than any time since the end of WWII. People who have money saved are basically having it stolen by the devaluation of the dollar. They are paying property taxes on homes that are not sellable for the appraised value. Jack---don't worry about where the money "came from". The Fed just printed it out of thin air, just like the money that's going to finance the wars. We haven't even begun to see how bad things will be. On a bike related note---if I totally gave up my car for two years, I might recover what I've spent on my primary commuter. :-) Of course, if gasoline hits $10/gallon that time frame will be shortened considerably. The people who think the economy will become better are engaging in wishful thinking. The dollar shows no signs of stopping its slide, energy costs are hitting record levels, the housing market has still not hit bottom, and credit card debt is at an all time high. Alan Greenspan has said that the economic indicators now are worse than any time since the end of WWII.

People who have money saved are basically having it stolen by the devaluation of the dollar. They are paying property taxes on homes that are not sellable for the appraised value.

Jack—don’t worry about where the money “came from”. The Fed just printed it out of thin air, just like the money that’s going to finance the wars.

We haven’t even begun to see how bad things will be.

On a bike related note—if I totally gave up my car for two years, I might recover what I’ve spent on my primary commuter. :-) Of course, if gasoline hits $10/gallon that time frame will be shortened considerably.

]]> By: Ben Castaneda http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8292 Ben Castaneda Sat, 22 Mar 2008 00:19:50 +0000 http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8292 I have already begun to look at all my options for a road bike between $350 - $500. Since I ride just about 5 times a week, 18 miles r/t, it will take me about 3 months to replace the cost. I am sure the economy will come back but with much caution. I think many will become conservative with their spending. I think that is a good thing. I will have more savings and retirement....(Hopefully!!!) Keep Riding! I have already begun to look at all my options for a road bike between $350 – $500. Since I ride just about 5 times a week, 18 miles r/t, it will take me about 3 months to replace the cost.

I am sure the economy will come back but with much caution. I think many will become conservative with their spending. I think that is a good thing. I will have more savings and retirement….(Hopefully!!!)

Keep Riding!

]]> By: Ghost Rider http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8274 Ghost Rider Fri, 21 Mar 2008 21:44:43 +0000 http://www.bikecommuters.com/2008/03/21/big-chunk-of-people-thinkg-our-economy-will-become-better/#comment-8274 I think we'll see a brief upturn in the economy once those relief checks get distributed, then back to the grind once folks have blown through that money. I'd save the money if I could, but it is termite season, so we have to get our house "tented". Ugh. Since this money HAD to come from somewhere else, though, I wonder when or where in the future are we going to feel the pain of spending it? A quicker demise to the Social Security system? Less money for schools? Less public programs (National Parks, Federally-sponsored art and music programs)? I think we’ll see a brief upturn in the economy once those relief checks get distributed, then back to the grind once folks have blown through that money.

I’d save the money if I could, but it is termite season, so we have to get our house “tented”. Ugh.

Since this money HAD to come from somewhere else, though, I wonder when or where in the future are we going to feel the pain of spending it? A quicker demise to the Social Security system? Less money for schools? Less public programs (National Parks, Federally-sponsored art and music programs)?

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