Dec 132008
 

Edie received an unexpected large check today from the US Treasury, designated “SOC SEC FOR INS”.

The only explanation we can come up with is her application for Social Security Disability was approved, and this was just a retroactive amount since she became disabled. The strange part is there was no paperwork with the check, nor did we receive any notification her disability had been approved prior to today.

Seems strange, we wouldn’t have received an explanation prior to receiving a check, but maybe the government was just anxious to get some money into our hands so we could help the troubled retail sector.

Or maybe it’s just our share of the TARP funds, and everyone will be receiving a similar amount shortly :)

 Posted by at 5:26 pm
Dec 122008
 

I guess I was a little premature when I switched from being a contrarian/pessimist to a contrarian/optimist.

I should have known Republicans in the senate couldn’t get past their partisan agenda, and do what’s best for the entire country, instead of only what’s in their own self interest.

As I see it now, unless President Bush acts authoritatively, and helps the Big 3 automakers with money from the TARP fund, another large part of the US manufacturing base (which is what has made this country so great) will be disseminated, and we’ll be headed for another great depression, which we may never emerge from.

Whoever said there were worse things in life than having lymphoma or myeloma, sure knew what he was talking about.

 Posted by at 5:17 am
Dec 062008
 

For the longest time, I’d been thinking our economy was headed downward. Lately I was even thinking we were headed toward a great depression of sorts, but a comment by one of the retired, old timers in the bike club, while we were having coffee/tea after our ride, got me to thinking. He said,

I’m sure glad I’m living on a fixed income.

That’s when it dawned on me, while so many people have condemned social security as a ponzi scheme, it may be the true savior of our economy. Sure things will likely worsen some for many in the next couple of months, but there is an abundance of retired individuals, having the protection of that social net, who will ultimately help cushion the blow, until the various proposed stimulus programs are implemented.

Social security didn’t exist in the 30′s, and neither did unemployment compensation, and that contributed greatly to making the great depression ‘great’. Plus the numerous stimulus package(s) that were introduced, at the time, were of such a feeble nature, they were ineffective. It wasn’t until the onset of WWII, when a large enough stimulus was introduced, that the economy really got kick started.

That’s not going to happen this time, and I don’t believe we’re destined to repeat the mistakes of the past. And with people like Fed Chairman Ben Bernanke and Christina Romer, head of Obama’s Council of Economic Advisors, both scholars of the great depression, I am for the first time, in a long time, becoming optimistic [about the economy].

And after last months jobs report, it appears many more politicians are also seeing the necessity to save GM, Ford and Chrysler, and for a massive economic stimulus, on a scale comparable to what got us out of the great depression.

Sow it’s out with the contrarian/pessimist of the past, and in with the optimist. Ok at least a contrarian/optimist. One should never get too complacent.

 Posted by at 4:37 pm
Dec 032008
 

Several months ago I wrote about how American Express was unwilling to credit me the $45 annual membership fee on my Starwood Preferred Guest American Express card, knowing they would lose over $500 in merchant generated fees a year from me using that card.

Eventually I did get the credit (plus an extra $50 for my troubles), but it took canceling the card, to finally catch the attention of someone at American Express who realized losing $500 per year wasn’t worth gaining a measly $45 annual membership fee.

Now just recently I experience a very similar problem with my cable internet provider (Charter Communications).

When Charter wanted to raise my monthly fee to $69.98 per month, I balked, and got them to agree to a charge equivalent to Verizon FIOS service + $2 more ($44.98/month). I agreed to the extra $2 per month, because service was good, and it was worth $2 per month not having to switch providers.

But the next month I received a bill for $47.64. Apparently because I didn’t call them the instant my bill was increased, I was charged the $69.98 rate for the 3 or so days I was late calling.

Now that wasn’t what I had agreed to. I wasn’t willing to pay $69.98 per month for any length of time, but no matter how hard I tried, and I talked to 3 different people, no one would budge. I had to pay that extra $2.66, and there was no one in the company who could change that. That was policy, period. The customer service people wouldn’t even let me talk to anyone else, i.e supervisor etc.

In other words, they were willing to piss off a customer, and risk losing over $500 per year, in order to squeeze a mere $2.66 out of me.

Yes I realize $2.66 is not a lot of money, and I could easily afford it, but it was the principle involved. It wasn’t what I agreed to, and I wasn’t going to pay it. My principles are very important.

Eventually I did get the credit, plus a little extra for my hassles. I knew all along I would get the credit, because I have a friend who works for Charter. I just didn’t want to hassle him for such a measly item, and something that should have been taken care of at a much lower level.

But what about those who don’t have friends in such positions? Is business so great for Charter Communications they can risk alienating customers, and losing business?

It just continues to boggle my mind, when you consider how much competition there is in the credit card, and broadband communication businesses, that any business would try and alienate their customers, by implementing such inflexible policies.

Don’t they know without happy customers they don’t have a business?