Comments on: More Americans choosing bankruptcy http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/ Tell Jack how you really feel Sat, 19 Dec 2009 00:00:35 +0000 http://wordpress.com/ hourly 1 By: Buddy from the LOU (St.Louis) http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351087 Buddy from the LOU (St.Louis) Wed, 28 May 2008 22:41:10 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351087 Our government says "oversea nations like Iran, Iraq and china are a threat to our national security". I object!! It’s oil companies and their record profits, it Credit card companies and their record profits, Multinational companies sending our jobs overseas and their record profits. NO JOB, NO MONEY, NO CREDIT Hell I think I’ll file bankruptcy. Our government says "oversea nations like Iran, Iraq and china are a threat to our national security". I object!! It’s oil companies and their record profits, it Credit card companies and their record profits, Multinational companies sending our jobs overseas and their record profits. NO JOB, NO MONEY, NO CREDIT Hell I think I’ll file bankruptcy.

]]> By: Jack http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351086 Jack Wed, 28 May 2008 22:40:57 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351086 While bankrupcy in the past may have applied to those with life changes, today most have gone bankrupt due to their need to live beyond their means. While bankrupcy in the past may have applied to those with life changes, today most have gone bankrupt due to their need to live beyond their means.

]]> By: A Patel http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351083 A Patel Wed, 28 May 2008 22:40:31 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351083 I am not surprised by this numbers. We have become a consumer nation on borrowed money from others, whether it is our government or people. The wealth creation has primarily been based on pumping money to raise consumption in the last 20 plus years. Easy money created internet bubble in late nineties and real-estate bubble recently. The easy money excesses have caught up with people and we all are paying price for our government's borrowing excesses in terms of high prices all over the place with no end in sight to relent. More people will be pushed into bankrupcies with out of control price rises in the near future. The real inflation feels much higher to me than the numbers published!! I am not surprised by this numbers. We have become a consumer nation on borrowed money from others, whether it is our government or people. The wealth creation has primarily been based on pumping money to raise consumption in the last 20 plus years. Easy money created internet bubble in late nineties and real-estate bubble recently. The easy money excesses have caught up with people and we all are paying price for our government's borrowing excesses in terms of high prices all over the place with no end in sight to relent. More people will be pushed into bankrupcies with out of control price rises in the near future. The real inflation feels much higher to me than the numbers published!!

]]> By: R. Stapleton, Midwest City, OK http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351081 R. Stapleton, Midwest City, OK Wed, 28 May 2008 22:40:18 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351081 It means that more and more people believe that things will just get worse over time and of course, they're right, because there's really no one in power who is on the side of the average American. Heaven help us if the same Greedy Old Party gets in there again and continues on where Corporate-sycophant-Bush leaves off. It means that more and more people believe that things will just get worse over time and of course, they're right, because there's really no one in power who is on the side of the average American. Heaven help us if the same Greedy Old Party gets in there again and continues on where Corporate-sycophant-Bush leaves off.

]]> By: Susan, Manteca - CA http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351080 Susan, Manteca - CA Wed, 28 May 2008 22:40:09 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351080 How about the cliché, and I just laugh at this one. “The chickens have come home to roost”. Or, if that cliché’ is to rich for some of your viewers, how about this one; “we can dish it out, but we can’t take it. No apologies here Jack, someone needed to say it. Thanks for the question. How about the cliché, and I just laugh at this one. “The chickens have come home to roost”. Or, if that cliché’ is to rich for some of your viewers, how about this one; “we can dish it out, but we can’t take it. No apologies here Jack, someone needed to say it. Thanks for the question.

]]> By: Long Beach Dave http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351079 Long Beach Dave Wed, 28 May 2008 22:39:56 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351079 Not sure why everyone seems so surprised our government has let this happen. it just goes to show that choosing your political candidates based on party affiliation and not common sense is a recipe for disaster. When you vote in a president who has bankrupted or destroyed everything he has ever touched now and in the past you shouldn’t be surprised by the outcome. Even worse, I don’t think America has learned from its mistakes and will make the same one yet again this election. Not sure why everyone seems so surprised our government has let this happen. it just goes to show that choosing your political candidates based on party affiliation and not common sense is a recipe for disaster. When you vote in a president who has bankrupted or destroyed everything he has ever touched now and in the past you shouldn’t be surprised by the outcome.

Even worse, I don’t think America has learned from its mistakes and will make the same one yet again this election.

]]> By: Jerry Wenatchee Wa http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351076 Jerry Wenatchee Wa Wed, 28 May 2008 22:39:09 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351076 This is just another result of The Bush policies that have failed many Americans. Think about if all the money spent in Iraq was dumped in our economy . The war before long will touch one trillion dollars. With oil out of control and the dollar sinking ever and ever, it's just a matter of time before America has to file bankruptcy. Thank You Mr. Bush This is just another result of The Bush policies that have failed many Americans. Think about if all the money spent in Iraq was dumped in our economy . The war before long will touch one trillion dollars. With oil out of control and the dollar sinking ever and ever, it's just a matter of time before America has to file bankruptcy. Thank You Mr. Bush

]]> By: Mike N. Calif. http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351055 Mike N. Calif. Wed, 28 May 2008 22:36:49 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351055 Jack It means that many greedy people who got themselves into mortgage problems are now paying thier "Karmic Debt". It also means the American people should make sure that Bush/Cheney are held accountable for destroying this country. They too must pay! Look what happened to Ken Lay of Enron. This is no longer "The Land Of The Free"..... It's "The Land Of The Free-For-All" Jack It means that many greedy people who got themselves into mortgage problems are now paying thier "Karmic Debt". It also means the American people should make sure that Bush/Cheney are held accountable for destroying this country. They too must pay! Look what happened to Ken Lay of Enron. This is no longer "The Land Of The Free"..... It's "The Land Of The Free-For-All"

]]> By: Kevin http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351054 Kevin Wed, 28 May 2008 22:36:45 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351054 Jack, unfortunately it means that you are losing in the game of "Life." Choosing bankruptcy just destroys ones credit, that could be needed in an emergency situation. Where is my stimulus check? Kevin Warren, MI Jack, unfortunately it means that you are losing in the game of "Life." Choosing bankruptcy just destroys ones credit, that could be needed in an emergency situation. Where is my stimulus check?

Kevin
Warren, MI

]]> By: Bill Lottero http://caffertyfile.blogs.cnn.com/2008/05/28/more-americans-choosing-bankruptcy/#comment-351050 Bill Lottero Wed, 28 May 2008 22:36:23 +0000 http://cnncaffertyfile.wordpress.com/?p=401#comment-351050 Jack, Please keep in mind that 50% of all bankruptcies are driven by inadequate medical insurance. It is reasonable to expect that as uninsurance and underinsurance increases so will bankrupsie filings. In the mix of all the bad economic news, lower purchase power of the dollar, increasing energy etc it is not surprising that bankruptcies would increase. This administration has played ostrich to so many sectors needing reform--particularly health reform-- we can only expect such bad news to continue. Jack,

Please keep in mind that 50% of all bankruptcies are driven by inadequate medical insurance. It is reasonable to expect that as uninsurance and underinsurance increases so will bankrupsie filings.
In the mix of all the bad economic news, lower purchase power of the dollar, increasing energy etc it is not surprising that bankruptcies would increase.

This administration has played ostrich to so many sectors needing reform–particularly health reform– we can only expect such bad news to continue.

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