Good God. Another American company gone Pacific Rim.

Uncle Peter wrote:
Good God. Another American company gone Pacific Rim.

Not to worry Peter, they are all going as we slide our
way into third worldness.

And all so we can get xyz for a few bucks less at Wally World.

The part that annoys me to no end is when the USA made product
becomes made in China, the price to the consumer stays the
same. The profit soars, but the price doesn't change, or
goes up.

-Chuck

Chuck Harris wrote:

Uncle Peter wrote:

Good God. Another American company gone Pacific Rim.


Not to worry Peter, they are all going as we slide our
way into third worldness.

And all so we can get xyz for a few bucks less at Wally World.

The part that annoys me to no end is when the USA made product
becomes made in China, the price to the consumer stays the
same. The profit soars, but the price doesn't change, or
goes up.

-Chuck

The profit SOARS. That's a shame because it means your retirement account SOARS,
your IRA SOARS, your 401k SOARS, etc. We really have to watch that profit
stuff, it's too good for us.

Corporations are groups of people, my IRA, my 401k, my retirement plan, who
invest our money in corporations in the expectation that they will make profits.
Profits increase the value of equity [stock shares] and the amount of money you
can draw on when you retire. If profits are not made then your IRA, 401K, etc go
bankrupt and you will never retire.

Be careful of that profit stuff. It may be too good for you!

/s/ DD, retired and loves watching my equity increase.

Dave wrote:
The profit soars, but the price doesn't change, or
goes up.

-Chuck

The profit SOARS. That's a shame because it means your retirement
account SOARS, your IRA SOARS, your 401k SOARS, etc. We really have to
watch that profit stuff, it's too good for us.

Tell me, how do you fund your 401K when you work for McDonalds
flipping burgers?

The biggest result of moving all of our manufacturing jobs to
China/India/??? is the loss of good paying jobs here in the USA.

Corporations are groups of people, my IRA, my 401k, my retirement plan,
who invest our money in corporations in the expectation that they will
make profits. Profits increase the value of equity [stock shares] and
the amount of money you can draw on when you retire. If profits are not
made then your IRA, 401K, etc go bankrupt and you will never retire.

Be careful of that profit stuff. It may be too good for you!

/s/ DD, retired and loves watching my equity increase.

Yeah, you got yours while there were still good jobs and good retirement
policies here in the US. What about your kids? What about mine?

-Chuck

Chuck Harris wrote:

SNIPPED ... lost attribution.

I wrote... is my attribution

The profit SOARS. That's a shame because it means your retirement
account SOARS, your IRA SOARS, your 401k SOARS, etc. We really have
to watch that profit stuff, it's too good for us.

---

Tell me, how do you fund your 401K when you work for McDonalds
flipping burgers?

Flipping burgers is for kids! Get skills training. 'The more you learn the more
you earn.' is a great guideline.


The biggest result of moving all of our manufacturing jobs to
China/India/??? is the loss of good paying jobs here in the USA.


Corporations are groups of people, my IRA, my 401k, my retirement
plan, who invest our money in corporations in the expectation that
they will make profits. Profits increase the value of equity [stock
shares] and the amount of money you can draw on when you retire. If
profits are not made then your IRA, 401K, etc go bankrupt and you will
never retire.

Be careful of that profit stuff. It may be too good for you!

/s/ DD, retired and loves watching my equity increase.


Yeah, you got yours while there were still good jobs and good retirement
policies here in the US. What about your kids? What about mine?

-Chuck

Your retirement planning is YOUR RESPONSIBILITY! It is NOT the responsibility
of government. It is NOT the responsibility of your employer. It is NOT the
responsibility of your union. The responsibility is Yours alone!

If you don't like McDonalds then start your own business, work your butt off,
put in 60, 70 or 80 hours a week, and retire a millionaire. If you choose
McDonalds then plan your retirement on welfare, but don't blame McDonalds ...
you made the decision to work there in a kids job.

If you don't like McDonalds then get a skill such as a CDL for example. I have a
son doing $1800+ a week driving 4 1/2 days a week. He quit high school at 17 and
now owns a $300,000 home, has 7 kids, and is home 2 1/2 to 3 days a week.

Where and how you choose to work is your personal gold mine, not a sweat shop or
a salt mine. Choose a mine with a piece of the mother lode, as opposed to fools
gold [AKA McDonalds]. A major contributor to financial success is your personal
ATTITUDE.

You are the only person responsible for your life style as you reach the mature
years. Accept the responsibility.

An interesting observation: All of your Senators and Congressmen are heavily
invested in the Equity Market [stock market]. Don't you wonder why? As corporate
profits go up, their net worth goes up!

I suspect you can easily invest $10 a week ... give up 3 packs of ciga---buts,
or 2 six packs ... or a $10 lottery ticket. A simple $10 equity investment in a
conservative mutual fund will produce more than $60,000 in 30 years. Invest 2
hours pay a week and the same fund will yield almost $250,000 in 30 years.
Factor in pay increases [inflation] and it is easy to have a $1,000,000 fund to
convert to an annuity at retirement.

I opened this with the following: "Your retirement planning is YOUR
RESPONSIBILITY! It is NOT the responsibility of government. It is NOT the
responsibility of your employer. It is NOT the responsibility of your union. The
responsibility is Yours alone!" It is true!

/s/ DD, W1MCE

NOTE:

Dave wrote:
Chuck Harris wrote:

Tell me, how do you fund your 401K when you work for McDonalds
flipping burgers?

Flipping burgers is for kids! Get skills training. 'The more you learn
the more you earn.' is a great guideline.

I should think a Master of Science degree in Electrical Engineering should
be enough "skills training". But when you can hire an excellent
EE in India for less than $10/hour USD, where would that leave me?

The biggest result of moving all of our manufacturing jobs to
China/India/??? is the loss of good paying jobs here in the USA.


Corporations are groups of people, my IRA, my 401k, my retirement
plan, who invest our money in corporations in the expectation that
they will make profits. Profits increase the value of equity [stock
shares] and the amount of money you can draw on when you retire. If
profits are not made then your IRA, 401K, etc go bankrupt and you
will never retire.

Be careful of that profit stuff. It may be too good for you!

/s/ DD, retired and loves watching my equity increase.


Yeah, you got yours while there were still good jobs and good retirement
policies here in the US. What about your kids? What about mine?

-Chuck

Your retirement planning is YOUR RESPONSIBILITY!

I have already taken that responsibility.

It is NOT the
responsibility of government. It is NOT the responsibility of your
employer. It is NOT the responsibility of your union. The responsibility
is Yours alone!

You are missing a vital point: You need to be able to earn a living.
As we are sending good, high paying, jobs out of country, we are creating
a large base of people who are underemployed, or out of work. I know
EE's who haven't worked in their field in more than 10 years. Yeah, they
have found something else to do, but have lost their homes, and any
semblance of the decent lifestyle they once had. They did everything right,
went to college, got a good job, worked hard, and poof! an AT&T, or Xerox
closes a division and sends the work overseas, and they are out on the
streets. Too old to be hired as an EE, and too far in debt to "retire".

If you don't like McDonalds then start your own business, work your butt
off, put in 60, 70 or 80 hours a week, and retire a millionaire.

A million bucks doesn't go very far anymore. Inflation makes it go
less far every day. I have been running my own business for the last
25 years. It isn't a magic bullet. It requires customers. When your
customers find they can go to India, or Bulgaria, or China and get the
same work done for 1/10th the domestic price they leave in flocks.

If you
choose McDonalds then plan your retirement on welfare, but don't blame
McDonalds ... you made the decision to work there in a kids job.

If you don't like McDonalds then get a skill such as a CDL for example.
I have a son doing $1800+ a week driving 4 1/2 days a week. He quit high
school at 17 and now owns a $300,000 home, has 7 kids, and is home 2 1/2
to 3 days a week.

And he will be out of luck when Congress decides to allow Mexican trucks
and truckers to drive on US highways... poof! All of the sudden, that
monster mound of debt that he has taken on will ruin his life. Besides,
what kind of a life is it where you have to be away from your wife and
kids 5 days per week? He is literally dumping all the hard stuff about
child rearing on his wife... 7 kids without relief? I predict a divorce.

Where and how you choose to work is your personal gold mine, not a sweat
shop or a salt mine. Choose a mine with a piece of the mother lode, as
opposed to fools gold [AKA McDonalds]. A major contributor to financial
success is your personal ATTITUDE.

Again, you are missing a major point.

You are the only person responsible for your life style as you reach the
mature years. Accept the responsibility.

An interesting observation: All of your Senators and Congressmen are
heavily invested in the Equity Market [stock market]. Don't you wonder
why? As corporate profits go up, their net worth goes up!

I am already heavily invested in the stock market. And it is doing
quite well, but what about the guys that don't have enough money or
life left to play? And volatility! I have lost hundreds of thousands
of dollars in a day... it comes back, but it always takes a long,
long time to recover.

I suspect you can easily invest $10 a week ... give up 3 packs of
ciga---buts, or 2 six packs ... or a $10 lottery ticket.

I don't smoke, play the lottery, rarely eat out, don't have cable,
don't go to the movies, drink very little. I suppose I could find
an extra $10/week by not eating, or bathing. But I doubt I can find
the extra years it would take to allow that to accumulate. Nope, one
of those good EE jobs that went to India would be necessary.

A simple $10
equity investment in a conservative mutual fund will produce more than
$60,000 in 30 years. Invest 2 hours pay a week and the same fund will
yield almost $250,000 in 30 years. Factor in pay increases [inflation]
and it is easy to have a $1,000,000 fund to convert to an annuity at
retirement.


I opened this with the following: "Your retirement planning is YOUR
RESPONSIBILITY! It is NOT the responsibility of government. It is NOT
the responsibility of your employer. It is NOT the responsibility of
your union. The responsibility is Yours alone!" It is true!

It is the responsibility of my government not to destroy the economics
of this country. They are doing so by allowing illegal immigrants to
flood through the borders, and by allowing American companies to export
good high quality jobs without tax implication.

-Chuck

On 16-May-2007, Dave wrote:

"Your retirement planning is YOUR
RESPONSIBILITY! It is NOT the responsibility of government. It is NOT the

responsibility of your employer. It is NOT the responsibility of your
union. The
responsibility is Yours alone!" It is true!

Yahoo! You rock, dude!

"Dave" wrote in message
. ..
Your retirement planning is YOUR RESPONSIBILITY! It is NOT the
responsibility of government. It is NOT the responsibility of your
employer. It is NOT the responsibility of your union. The responsibility
is Yours alone!

As Chuck noted, the better paying jobs are being outsourced.

If you don't like McDonalds then start your own business, work your butt
off, put in 60, 70 or 80 hours a week, and retire a millionaire. If you
choose McDonalds then plan your retirement on welfare, but don't blame
McDonalds ... you made the decision to work there in a kids job.

Many self-employed small businesses have folded in the Northeast since they
no longer have a business base to serve.

If you don't like McDonalds then get a skill such as a CDL for example. I
have a son doing $1800+ a week driving 4 1/2 days a week. He quit high
school at 17 and now owns a $300,000 home, has 7 kids, and is home 2 1/2
to 3 days a week.

Some skill. New England Tractor Trailer pumps out drivers by the gross.
Very few
earn anywhere's near 1800+ a week.

An interesting observation: All of your Senators and Congressmen are
heavily invested in the Equity Market [stock market]. Don't you wonder
why? As corporate profits go up, their net worth goes up!

All of your senators have vested retirements (18,000 a month) after serving
one term.
They have vested health care, and most had inherited wealth to begin with.
Do you wonder why they are in the market (they can afford to be, you're
paying the tab) and the rich always get richer at the expense of a
lessening middle class...

I suspect you can easily invest $10 a week ... give up 3 packs of
ciga---buts, or 2 six packs ... or a $10 lottery ticket. A simple $10
equity investment in a conservative mutual fund will produce more than
$60,000 in 30 years. Invest 2 hours pay a week and the same fund will
yield almost $250,000 in 30 years. Factor in pay increases [inflation] and
it is easy to have a $1,000,000 fund to convert to an annuity at
retirement.

You've been listening to Limbaugh for too many years. Most kids starting out
can barely afford to pay their bills, let alone invest money in a 401K or
IRA.
Most folks don't have 30 years in front of them. Baby boomers never had
401Ks or IRAs when they started off.

I opened this with the following: "Your retirement planning is YOUR
RESPONSIBILITY! It is NOT the responsibility of government. It is NOT the
responsibility of your employer. It is NOT the responsibility of your
union. The responsibility is Yours alone!" It is true!

If the jobs continual to be outsourced, and if the trade deficit continues,
and if
foreign scab labor is allowed to bid against union scale you're going to
find
your savings will have very little buying power when the worth of the dollar
crashes on the world market. Government is the one who is giving away and
borrowing from social security and allowing the raping of this country.

Pete k1zjh

/s/ DD, W1MCE

NOTE:

Uncle Peter wrote:

SNIPPED

Some skill. New England Tractor Trailer pumps out drivers by the gross.
Very few earn anywhere's near 1800+ a week.


SNIPPED

All of your senators have vested retirements (18,000 a month) after serving
one term.
They have vested health care, and most had inherited wealth to begin with.
Do you wonder why they are in the market (they can afford to be, you're
paying the tab) and the rich always get richer at the expense of a
lessening middle class...

SNIPPED

You've been listening to Limbaugh for too many years. Most kids starting out
can barely afford to pay their bills, let alone invest money in a 401K or
IRA.
Most folks don't have 30 years in front of them. Baby boomers never had
401Ks or IRAs when they started off.

I opened this with the following: "Your retirement planning is YOUR
RESPONSIBILITY! It is NOT the responsibility of government. It is NOT the
responsibility of your employer. It is NOT the responsibility of your
union. The responsibility is Yours alone!" It is true!


If the jobs continual to be outsourced, and if the trade deficit continues,
and if
foreign scab labor is allowed to bid against union scale you're going to
find
your savings will have very little buying power when the worth of the dollar
crashes on the world market. Government is the one who is giving away and
borrowing from social security and allowing the raping of this country.

Pete k1zjh

/s/ DD, W1MCE


Well Uncle Peter, we both know that it is impossible to live on Social
[in]Security. That's a given.

Since you are responsible for your retirement, not government nor business, what
do you propose?

The world economy envisioned by Adam Smith and Thomas Paine in the late 1700s is
now here. Business will do whatever is necessary to survive and be profitable in
a very competitive world wide economy. Businesses will succeed and fail.
Government can't stop it! Again I ask, "What do you propose?"

My proposal is to do whatever is necessary to start building personal equity. In
other words, "Get on the equity train before it is out of sight!" You may ride
in the caboose as opposed to the dining car, but, you're not left in the station.

On Wed, 16 May 2007 15:26:29 -0400, "Uncle Peter"
wrote:

All of your senators have vested retirements (18,000 a month) after serving
one term. They have vested health care....

What country do you live in?

"Congress: Rank-and-File Members' Salary
The current salary (2006) for rank-and-file members of the House and Senate is
$165,200 per year....

Congress: Benefits

.....Members of Congress receive retirement and health benefits under the same
plans available to other federal employees. They become vested after five years
of full participation.

Members elected since 1984 are covered by the Federal Employees' Retirement
System (FERS). Those elected prior to 1984 were covered by the Civil Service
Retirement System (CSRS). In 1984 all members were given the option of remaining
with CSRS or switching to FERS.

As it is for all other federal employees, congressional retirement is funded
through taxes and the participants' contributions. Members of Congress under
FERS contribute 1.3 percent of their salary into the FERS retirement plan and
pay 6.2 percent of their salary in Social Security taxes....

The amount of a Congressperson's pension depends on the years of service and the
average of the highest 3 years of his or her salary. By law, the starting amount
of a Member's retirement annuity may not exceed 80% of his or her final salary.

According to the Congressional Research Service, 413 retired Members of Congress
were receiving federal pensions based fully or in part on their congressional
service as of Oct. 1, 2006. Of this number, 290 had retired under CSRS and were
receiving an average annual pension of $60,972. A total of 123 Members had
retired with service under both CSRS and FERS or with service under FERS only.
Their average annual pension was $35,952 in 2006."

Got any more bull**** you'd like to share?

-- Larry