Im off the wagon!

[boxmonkeyracing]

honestly everyone acting so causious and not spending money will cause the resession imo. so it's a double edged sword to be cautious or not. . .

[SKiZZ]

If people are talking about going into a recession, your already there.

[The_Blur]

Originally Posted by SKiZZ

If people are talking about going into a recession, your already there.

I love how people talk about going into a recession. When it's over, they talk about coming out of a recession. In between, there is never an acceptance that they were actually in a recession.

[stovt001]

The way I see it, it doesn't matter if the economy at large is in a recession. If your financial position is good and your job is secure (and being in Iraq I assume you're in the armed forces and as such your job is quite secure) then go for it. You have a 50% downpayment and you're worried because someone is telling you there is a recession? Psh, people are being ruled by fear. If you ignore the fear and think about it rationally, you'll make the right decision. Its fine that you're concerned about fuel prices, but read too much into someone scaring you with recession talk.

[chadrcr]

Originally Posted by stovt001

The way I see it, it doesn't matter if the economy at large is in a recession. If your financial position is good and your job is secure (and being in Iraq I assume you're in the armed forces and as such your job is quite secure) then go for it. You have a 50% downpayment and you're worried because someone is telling you there is a recession? Psh, people are being ruled by fear. If you ignore the fear and think about it rationally, you'll make the right decision. Its fine that you're concerned about fuel prices, but read too much into someone scaring you with recession talk.

[flaguy]

Originally Posted by stovt001

The way I see it, it doesn't matter if the economy at large is in a recession. If your financial position is good and your job is secure (and being in Iraq I assume you're in the armed forces and as such your job is quite secure) then go for it. You have a 50% downpayment and you're worried because someone is telling you there is a recession? Psh, people are being ruled by fear. If you ignore the fear and think about it rationally, you'll make the right decision. Its fine that you're concerned about fuel prices, but read too much into someone scaring you with recession talk.

This guy has it right. I'm also military and I'm not too worried about the economy and recession. We have excellent job security man. The only thing that could possibly hurt us is inflation and housing. You can axe housing out by moving on base. Not much any of us can do about inflation.

Civilians are worried about the recession because if people aren't out there buying products....companies have to cut jobs.

You're good to go man.

(I wouldn't put that much of a down payment though. Put down $5k and invest the rest. You basically will be sinking your money into something that is GAURENTEED to depreciate.) However I can understand if that is the only way you can afford it. But if that's the case...you really shouldn't buy the car.

[stovt001]

Just to be clear, I'm not saying ignore everything and get it regardless. Certainly take into account what you can afford, how much it will cost to buy, how much it will cost to run, etc. If it works out, great. If it doesn't, don't go bankrupt trying. Its a nice car, but not worth that. But don't just go by what someone else is telling you about how things are. I guess I'm just saying trust your own judgment and take the advice of others, but don't lean on it entirely. I don't think anyone misunderstood, but I didn't want to take the chance.

[chadrcr]

Originally Posted by flaguy

This guy has it right. I'm also military and I'm not too worried about the economy and recession. We have excellent job security man. The only thing that could possibly hurt us is inflation and housing. You can axe housing out by moving on base. Not much any of us can do about inflation.

Civilians are worried about the recession because if people aren't out there buying products....companies have to cut jobs.

You're good to go man.

(I wouldn't put that much of a down payment though. Put down $5k and invest the rest. You basically will be sinking your money into something that is GAURENTEED to depreciate.) However I can understand if that is the only way you can afford it. But if that's the case...you really shouldn't buy the car.

It really depends on the interest rate of the investment / to the interest rate of the car loan.... If you earn 8% on an investment but pay 9% for the car loan...... usually it would be better to pay off 'debt' prior to investing. Depending on the %%% and risk of course.

[TAG UR IT]

Guess I don't need to respond here...everyone else took care of the Obama/Mcain and drilling comment. good job, guys.

And I'm sorry you won't be getting the new Camaro. Take you time with it and watch those gas prices. If you work close to home, will it hurt you all that much?

[LegacyZ28]

Originally Posted by chevydude26

you've got it backwards ...no disrespect...mccain wants to drill for more oil...obama doesn't

obama stated he was okay with the price of oil he just thought it would happen more gradually and they only want alternative fuels which will take decades to have an effect

mccain wants both drilling and alternative fuels...how again would a mccain win bring about higher gas prices???

no more on this political subject on this forum from me i just had to address that comment

Gas prices will not lower too much from offshore drilling. Offshore drilling is allowed in the gulf of mexico. Only a small percentage is being used right now, the oil companies want to drill offshore for security, it won't be their primary source at all if they use it. It will also take several years to even become useable. Under obama's plan, we won't need it when it becomes available, that's why he is not for it. Optimistically, we will be on a new fuel for cars, if not electricity, in which case we can use wind and solar and stop using as much coal. What they will do is lease the land, maybe build a tower. If anything goes wrong with their oil in the middle east such as a war or a busted pipeline that needs repairing, they resort to state drilling. Only reason prices went down when bush lifted the ban was because of speculators, and the rising value of the dollar for those few days. It won't actually decrease oil prices significantly or long term, it is more of a political move in my opinion, because voters who pay little attention think "Drill for more oil? Why not" Why not? because we have beautiful coastlines. We don't need it, what we need is new energy. McCain won't bring higher gas prices. But it will bring a longer dependence on oil. Oil companies love mccain because he has not stated he will close tax loopholes that save millions of dollars for the oil companies. Plus he gives them an insurance policy. Under obama, we will be off our strong oil dependency in 10 years, although not completely. Under McCain, we will have lower prices for now, and he does want alternatives, but his plan is not strong enough in my opinion to ensure anything happening

Also, what if he is president? He still won't be able to do anything about offshore drilling, just as bush is not, because we will still have democrats controlling both the house and senate.
And don't even get me started on the gas tax holiday...
I'm sorry I got into this and started probably more argument in a thread about him jumping off camaro. I just couldn't stand by without at least offering my opinion on the issue.

[TAG UR IT]

^And china will be helping Cuba drill for offshore oil 50 miles south of Florida. Hey, if we aren't going to get it, why not let the Chinese take all our oil through Cuba, right?!?!

This is so $(#*%* up. Ready to drill....ready to begin building more refineries. Ready for more energy sources. Ready to be more energy dependent.

[Blizzard]

Originally Posted by LegacyZ28

Gas prices will not lower too much from offshore drilling. Offshore drilling is allowed in the gulf of mexico. Only a small percentage is being used right now, the oil companies want to drill offshore for security, it won't be their primary source at all if they use it. It will also take several years to even become useable. Under obama's plan, we won't need it when it becomes available, that's why he is not for it. Optimistically, we will be on a new fuel for cars, if not electricity, in which case we can use wind and solar and stop using as much coal. What they will do is lease the land, maybe build a tower. If anything goes wrong with their oil in the middle east such as a war or a busted pipeline that needs repairing, they resort to state drilling. Only reason prices went down when bush lifted the ban was because of speculators, and the rising value of the dollar for those few days. It won't actually decrease oil prices significantly or long term, it is more of a political move in my opinion, because voters who pay little attention think "Drill for more oil? Why not" Why not? because we have beautiful coastlines. We don't need it, what we need is new energy. McCain won't bring higher gas prices. But it will bring a longer dependence on oil. Oil companies love mccain because he has not stated he will close tax loopholes that save millions of dollars for the oil companies. Plus he gives them an insurance policy. Under obama, we will be off our strong oil dependency in 10 years, although not completely. Under McCain, we will have lower prices for now, and he does want alternatives, but his plan is not strong enough in my opinion to ensure anything happening

Also, what if he is president? He still won't be able to do anything about offshore drilling, just as bush is not, because we will still have democrats controlling both the house and senate.
And don't even get me started on the gas tax holiday...
I'm sorry I got into this and started probably more argument in a thread about him jumping off camaro. I just couldn't stand by without at least offering my opinion on the issue.

Look the Obama plan sounds great, but thats all it will ever be is sounds great. Just as much as Bush and McCain cant control if we drill or not Obama cant make this plan work. We need to look at Congress. They are the ones who can change things, they also hold way too much power right now.

We need to drill and we need to work on alternatives, but electricity is not the way to go for the sole fact...where does the power come from, thats right folks coal, oil, and nuclear energy. Wait but some of you say what about wind and solar energy? Well great ideas but not very efficent, also you know what most of there products are made from? Oil.

Folks this world is about to change drastically and most people dont know it because the news wont report it, but the poles are about to switch whith in a few years and the climate WILL CHANGE! We cant stop it, we didnt cause it and for all those who think it are fault that the polar brears are dieing, well in a way it is but its not due to our use of oil. Here is a little lesson in the Earth history, along time ago long before man stepped on this earth CO2 levels where at huge amounts and rising and the world was getting hot. As the poles melted the earth cooled and the increase of H2O and O2 dropped the level of CO2, mostly because the increase of H2O allowed for huge amounts of alge which turned the CO2 into O2. The alge would then die with all this carbon in them and creating huge deposits. As time went on this carbon turned in to Oil. It happend before and it will happen again. Dont belive Al Gore.

[The_Blur]

Originally Posted by Blizzard

Look the Obama plan sounds great, but thats all it will ever be is sounds great. Just as much as Bush and McCain cant control if we drill or not Obama cant make this plan work. We need to look at Congress. They are the ones who can change things, they also hold way too much power right now.

We need to drill and we need to work on alternatives, but electricity is not the way to go for the sole fact...where does the power come from, thats right folks coal, oil, and nuclear energy. Wait but some of you say what about wind and solar energy? Well great ideas but not very efficent, also you know what most of there products are made from? Oil.

Folks this world is about to change drastically and most people dont know it because the news wont report it, but the poles are about to switch whith in a few years and the climate WILL CHANGE! We cant stop it, we didnt cause it and for all those who think it are fault that the polar brears are dieing, well in a way it is but its not due to our use of oil. Here is a little lesson in the Earth history, along time ago long before man stepped on this earth CO2 levels where at huge amounts and rising and the world was getting hot. As the poles melted the earth cooled and the increase of H2O and O2 dropped the level of CO2, mostly because the increase of H2O allowed for huge amounts of alge which turned the CO2 into O2. The alge would then die with all this carbon in them and creating huge deposits. As time went on this carbon turned in to Oil. It happend before and it will happen again. Dont belive Al Gore.

Global warming is a repeating phenomenon that happens in cycles of over 10k years. The last time it happened, there was not the additional variable of human pollution. This variable will make the global warming happen sooner, last longer, and become more severe at its peak, destroying more of civilization. We do not know how much more because this has not happened before, but we do know it will me more. It might only be by a negligible amount.

As for the oil problem, you can bet that oil will come back in a long time as quoted above. The problem I have with putting so much faith in this process is that we can drain Earth of its oil if we keep using it. There is no reason why we shouldn't use alternative innovations that reduce oil consumption and dependence. If we suck the Earth dry of oil without making another form of energy production the primary means of production, then we will face civilization-threatening catastrophe. We're talking about riots, revolutions, famine, urban decay, the collapse of the nation-state system, war, and genocide. It will be a bad era after the end of oil. We should make oil a secondary resource by investing in alternatives. Right now, ethanol research has proven that corn stalk, a wasted resource since it is not currently used for anything, can make ethanol. If every one of us used E85, our dependence on oil would be scarce in comparison to today's standards. It is possible with the implementation of ethanol from sources like corn, soy, sugar, and waste products. Research is moving very quickly in these categories, and we should be encouraging this research by implementing ethanol as a way to stay away from OPEC resources.

[boxmonkeyracing]

Originally Posted by TAG UR IT

^And china will be helping Cuba drill for offshore oil 50 miles south of Florida. Hey, if we aren't going to get it, why not let the Chinese take all our oil through Cuba, right?!?!

This is so $(#*%* up. Ready to drill....ready to begin building more refineries. Ready for more energy sources. Ready to be more energy dependent.

honestly if that happens we probably will sabotage it covertly and then secretly strike china through another country. got to love black ops politics