Friday, March 28, 2008
"Patricia Guerrero was making $70,000 a year. Weeks later, with bills piling up and in need of food for her family, this middle-class mother did something she never thought she would do: She went to a food bank."
then three paragraphs later....
"She has had to take extreme measures to pay for her interest-only mortgage of $2,500 a month. In fact, her mother moved in with her to help pay the bills."
Something tells me she bought more house than she could afford. She grosses $5833.33 a month. Even if she only paid 15% taxes she would net $4958.33/ month. That leaves 2458.33/month for her savings, retirement, utilities, groceries FOR HER AND HER TWO CHILDREN, and every thing else. $567.31/week. Oh and did I mention that she is paying on an interest only loan?
" A former loan processor, Guerrero knows all about that, although so far she has been able keep her house."
Uh, yeah, she should have know better. I am supposed to feel bad for someone that is paying more than 50% of her take home pay on an interest only mortgage? Maybe she needs to stop keeping up with the Jones's.
These are the people that the government it trying to bail out. These people and the stupid banks that gave them loans in the first place.
It is not the governments responsibility to keep plugging quarters into the machine especially when it is clear that the only result is epic fail. Let the airlines go busto, let Bear Stearns fail, let the market clean up the mess. The assets of B/S would go for a much higher price at auction than they are now. Why did Arthur Anderson get squashed but airlines get bailouts. Why does JPM get to hi the lottery and not me? I am sure I could get together financing for the $2/share buy out.
The government is going to completely destroy market dynamics if it continues to allow the privatization of profits that coincide with the socialization of risks and loss.If there is no downside for a project it will never get turned down. If the choice is a 1:1,000,000 shot to make eleventy billion and the only downside is a golden parachute and a federal bailout if you miss, why wouldn't you take the shot?
We have to choose. Are we a market economy or are we socialists? You can't have it both ways.
Wednesday, March 26, 2008
Monday, March 24, 2008
- 09:47 @_otis_ Most of my Monday meetings were canceled as well. #
- 10:08 Its so fucking cold in my house right now. They need to hurry up and get the damn boiler installed. #
- 11:07 Stay classy Detroit!! www.cnn.com/2008/POLITICS/03/24/kilpatrick.investigation/index.html #
- 11:19 Stay classy Alton!!www.cnn.com/2008/CRIME/03/21/torture.slaying.ap/index.html #
- 11:20 er Keep on Classy Alton www.cnn.com/2008/CRIME/03/21/torture.slaying.ap/index.html #
- 11:20 Frick you figure it out #
- 12:37 Again getting the other car inspected. Expecting epic fail. #
- 12:42 Like cheaper to get a new car type of fail. Stupid saftey laws. #
- 12:55 Here comes the fail. Can you feel it? #
Sunday, March 23, 2008
Saturday, March 22, 2008
I walked into the basement and this is what I saw.
The blue-green box is my boiler. The one that heats the water that circulates in my radiators that in turn heat my house. That wet stuff is water. See we've had a lot rain in the St. Louis area lately. The original boiler for my house was likely coal or oil fired. It sat in a stepped down area in the basement. The pit is 8'x8'x6.5". The boiler was in this pit. This pit filled with water.
Step one remove water. Me and my trusty shop vac removed the water. It took about 90 minutes. I set up a fan and a dehumidifier and went up stairs and returned some emails. I came back about 40 minutes later and the pit was half full again. Frick. Hydrostatic pressure is a bitch.
More shop vac.
When I finished this time I started digging a hole for a brand spanking new sump pit. You know a pit to install a sump pump. I decided to call a service guy to get the boiler fired up. Long story short, he probably could have got it started again, but we were due for a new boiler anyway and the labor to get this one started was going to be 4 hours at $90. That was better put toward the new boiler.
So I spent the rest of Wednesday and most of Thursday getting bids and digging my sump pit. I bought the materials for a sump pump.
Friday the guys showed up to remove the old boiler. I decided that I would purchase 25 bags of concrete (80 pounds each). Was the boiler was out I built some forms and started mixing concrete. Yes I carried the 25 bags to the basement. (pounds on chest) I mixed the concrete by hand in a wheelbarrow because I am too cheap to get a mixer. If the job had been any bigger a mixer or a ready mix truck would have been utilized.
The result is this...
Originally uploaded by good43.
Dating back to my Great uncle my entire family has had their picture taken in this dress. Well not this one. This is the replica that my wife had made because the original is pushing 90 years old and starting to disintegrate.
No one will ever know the difference.
Wednesday, March 19, 2008
- 09:35 Is it cold in here or is my furnace under water? Whaa? Both? Nah, couldn't be. #
- 12:47 No, really, I am staying home from work today and installing a sump pump. The manliness is oozing out of every pore. #
- 14:58 Oh and now I am taking bids for a new boiler. Yachacha. #
Tuesday, March 18, 2008
Monday, March 17, 2008
Saturday, March 15, 2008
- 17:19 @maigrey I think I will go to the boats for your birthday too!!!!!! #
- 18:18 TINA - Tell Perez that Chilly says Hey. #
- 04:08 TINA!!! #
- 04:09 @thisisnotapril TINA: B3, across from the convention center #
Friday, March 14, 2008
- 09:14 Happy 25th Birthday Heather!!!! #
- 10:32 @_otis_ comment moderation or operator error by me? #
- 11:20 Tomorrow is the Ides of March. I get a beware! email every year and every year it is followed by this: Beware the slides of March...... #
- 11:20 Beware the slides of march: tinyurl.com/38pe8l #
- 11:23 make sure you scroll to the google video!! #
Thursday, March 13, 2008
Wednesday, March 12, 2008
Monday, March 10, 2008
Friday, March 07, 2008
There is a Falstaff statue and a CK Cleaners that I see all the time around here. I drive by CK cleaners everyday. Falstaff is in a park that I am in a couple of times a month.
My son won the lottery into a magnet school. w00t! doesn't even begin to explain. The school is marvelous and free. Sibling preference means that my daughter will get in as well. That's a cool $17k I will save next year and $35k by 2010. Yes he got preferential admissions because he is a minority. I don't agree with that, but apparently I can be bought and $35k is likely well over the price.
BG mailed me this post about food. Turns out that I drive past this place everyday as well. Funny that in the last week I found (well BG found) a cool STL blog about food and I just received word that my neighbor is blogging about
I am hoping to get down for some live poker this weekend. The Missouri Valley basketball tourney is in town and the action is sure to be juicy. I changed my game a little and hit runner runner quads for a big score in the homegame last week.
I will vote for not H/C.