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I wanna know two things
Posted on | September 26, 2008 | 10 Comments
First – how does one fix puckering sleevecaps? I seamed the green Gedifra sweater, knit the collar and tried it on. Love it. Except for the sleevecaps, which look like they have two pleats, there’s so much extra fabric around the upper arm. When I seamed it, I pinned it starting at the center to avoid this, but still I have puckers. The sleeve caps fit well into the arm scythe (is that the correct term?), but the sleeve is just too big for my arm. The rest of the sweater fits fine.
Any ideas?
Second – I want an economist to tell me which scenario would be worse for the average American taxpayer – bailout or no bailout? From my understanding, borrowing the 700 billion dollars for the bailout (cause it’s not like we have that sitting in a savings account) will cause inflation – creating new money always does. Inflation rises, prices go up, the average taxpayer pays more for gas, groceries, everything. So, the bailout will help the financial yahoos who made risky investments in the first place, and it might help some homeowners renegotiate the terms of their Insanity Term Mortgage. No bailout and banks will fail (again, due to the financial yahoos’ risky investments), people working at the banks will lose their jobs (bad) and the Insanity Term Mortgage homeowners will lose their homes that they never would have qualified for under a conventional mortgage.
Which one will be worse for the AVERAGE TAXPAYER? Does anyone know? They’re both bad and I’m really conflicted over it and haven’t seen this addressed yet.
The zinnias are still blooming their little heads off. I believe I will cut some and look at them often, putting heavier thoughts aside. Have a great weekend!
Comments
10 Responses to “I wanna know two things”
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September 26th, 2008 @ 11:01 am
I dunno on either count.
My question with the ARMs is this: if so many people are losing their homes when the ARM unlocks and goes to a higher rate (we’re ignoring the people who are losing jobs in our not-recession for this instance), why for the love of all that’s holy are the mortgage holders NOT just saying, “Okay, you can pay this amount, we won’t raise your interest. Yet.” That means the homeowner keeps paying, the bank keeps getting the money, no one cries. GAH.
September 26th, 2008 @ 12:18 pm
Armscye, that’s what I’ve been told. Sounds like you need to make the sleeve smaller around to begin with.
My sense on the bailout/no-bailout is we’re screwed either way.
September 26th, 2008 @ 12:38 pm
someone just e-mailed me caluculations on sending every adult american 500.000 dollars, taxable, instead of the bailout. suggested it would allow people to pay for their homes, their health care, their credit cards, etc, etc. interesting solution that we’ll never see.
September 26th, 2008 @ 3:24 pm
can’t answer the first question, or the second, really. but it’s obvious that our government doesn’t care what it’s decisions mean for the average person. that’s all i know!
September 27th, 2008 @ 5:20 pm
I say make the risky investors pay back the money they lost. Much like the mortgage/credit card/loan people make you do when you default on your loan. Oh, you don’t have the money now? Well, then we’re going to have to hike your interest rate to 1 billion % and you’re going to have to pay back 3/4 of it right now. You don’t have the money? Well, then you might want to start with selling all your stuff to raise the money.
September 28th, 2008 @ 9:04 am
Hopefully this will give you some perspective as to how well the bailout deal will affect the common American:
http://www.mcsearcher.com/page.php?code=f51d30cc
Unless the deal reached this morning has had some attachments added since the last proposal, companies will be bailed out of the shitty deals they made, but not the actual homeowners who signed the same papers. Regardless, Americans who have lost their homes to foreclosure due to one or two missed payments (and this has happened over and over) will need somewhere to live; why shouldn’t it be the deed in question? If the mortgage companies are not forced to renegotiate with these CUSTOMERS, we will literally be handing over billions of dollars with absolutely no recourse in recovering any of it, short or long term.
September 28th, 2008 @ 10:18 am
What a lovely zinnia!
September 28th, 2008 @ 10:38 am
Bailout, I am not an economist but it seems like that money has to come from somewhere. And in my experience, that usually means that comes from the rest of us.
If the sleeves really really bug you, you could re-knit the sleevecaps to make them smaller or force them to fit from the shoulder seam down and take a deeper underarm seam on the sleeve. The other option is to say that you meant for them to be puffed all along. Like Anne of Green Gables.
Oh, hey, you might want to update your copyright.
October 1st, 2008 @ 7:13 am
I have no easy answer for the bailout or the sleeve cap, but I love the zinnia! I have a hard time growing a good zinnia…they always look dried up or moldy on the stems..what’s your secret?
October 1st, 2008 @ 9:10 am
I had your problem with sleeve caps, recently. I ended up moving my seam to 1.5 stitches into the sleeve instead of 1, effectively making the sleevecap slightly smaller and making sure I took in the remaining ease more evenly all around the sleeve and it helped somewhat, but not perfectly. I think in future, I’m going to put in a lifeline before I start shaping sleeve caps, then if it ends up hugely out, it’s going to be easier to rip back and adjust, because puffy sleeves look so silly on me.