Encinitas ranks snobbier than Laguna Niguel

[Pedro2000]

Originally Posted by Vegas28

Someone mentioned upper middle class? Not for long, this country is going down the tubes to poverty level, with a few rich thrown in.

It's a sad reality when Wall Street cheers that a company like MS is canning 18,000 employees. But it's become the new norm. A company announces a huge layoff, Wall Street cheers and the stock goes up, other companies do similar things, stocks go up, and Wall Street smiles. Six months later when new reports come out, those same companies have better results. Except nobody ever goes back to the fact they just laid off 10 percent of their workforce.

Or worse is when said companies go bankrupt, but the CEOs get big bonuses. My family lives back on the east coast and one of the Casinos in Atlantic City is pretty much bankrupt, never did well, and if it doesn't find a buyer quick, will be out of business. Many people will lose jobs, and in a place like Atlantic City where 1/4 of the Casinos have planned closings in the next year, it's not a good thing. But out of all that, the C-Level Executives of one of the bankrupt casinos will be getting 7 figure bonuses. 7 Figures for what? They were terrible executives and the casino has been around only a few years. How they deserve a huge bonus for running a new company to the ground in a few years is a bit ridiculous.

But it seems that's how things are going. It's fake money and results. Eventually the fake money is going to crash. You really can't keep giving millions in bonuses to executives that drive a company bankrupt. And lay off thousands of employees because of it.

[AADAD]

Originally Posted by Pedro2000

It's a sad reality when Wall Street cheers that a company like MS is canning 18,000 employees. But it's become the new norm. A company announces a huge layoff, Wall Street cheers and the stock goes up, other companies do similar things, stocks go up, and Wall Street smiles. Six months later when new reports come out, those same companies have better results. Except nobody ever goes back to the fact they just laid off 10 percent of their workforce.

Or worse is when said companies go bankrupt, but the CEOs get big bonuses. My family lives back on the east coast and one of the Casinos in Atlantic City is pretty much bankrupt, never did well, and if it doesn't find a buyer quick, will be out of business. Many people will lose jobs, and in a place like Atlantic City where 1/4 of the Casinos have planned closings in the next year, it's not a good thing. But out of all that, the C-Level Executives of one of the bankrupt casinos will be getting 7 figure bonuses. 7 Figures for what? They were terrible executives and the casino has been around only a few years. How they deserve a huge bonus for running a new company to the ground in a few years is a bit ridiculous.

But it seems that's how things are going. It's fake money and results. Eventually the fake money is going to crash. You really can't keep giving millions in bonuses to executives that drive a company bankrupt. And lay off thousands of employees because of it.

The turn about is upon us. Values preverted is nothing new, but now celebrated in the halls of government and finance. The little guy scrambling, moms and dads required to work full time out of the home to support. Magazines telling us Encinitas is snobbier than.... and everybody here knows among the villages of the coast Encinitas is the one which is NOT full of snobs. Everyday people seeing that the values are upside down. It's nothing to worry about. Just to say that people used to agree on things. Now common sense is underground, in submission to the special, the nearly special and the ones who scream the loudest. People are still people and the celebration at thousands losing jobs is just the latest example of a culture which has lost it's way. Lip service from a POTUS who submits health care for all which turns out to line the pockets of insurance companies, while eloquently espousing the values which fall short of the dollar sign...and little old Encinitas called snobby. Makes a guy feel like turning his car around and finding a safe place to weather the storm....which is coming.

[LuvSouthOC]

The reality is right now we need to be very careful with our finances. To safeguard our spots in the middle class, we need to save for the future, drastically lower spending on non essentials, and look for income streams for retirement. It's imperative that people ready themselves for much higher fuel costs, food prices, and higher costs on much else. Housing prices may drop some but more likely will stagnate for about a decade. Inflation in housing has already come and is done convulsing IMO.

The so-called snobby areas have many posers but also plenty of us responsible folks too. With pensions a thing of the past, and without 700k in a 401k, how are people going to manage in high priced Southern California? I see a bleak future for most pEople.