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Old 09-13-2010, 07:40 PM
 
Location: Kingman AZ
15,371 posts, read 33,772,788 times
Reputation: 8976
it's hard to see a recession when I was selling rooms this weekend for $229 on Saturday and $129 on Sunday
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Old 09-13-2010, 08:01 PM
 
1,359 posts, read 2,753,434 times
Reputation: 853
Yes but isn't that because True Value with 14,000 is in town but just for this one week?
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Old 09-14-2010, 07:02 PM
 
182 posts, read 311,630 times
Reputation: 412
Quote:
Originally Posted by las vegas drunk View Post
What I see is the whole USA is turning into a third world country with no middle class.
Unfortunately that scenario is not far-fetched. A few weeks ago I was reading some economic statistics on the middle class (don't remember the exact site) and the numbers were not encouraging.

A thriving democracy depends on a prosperous middle class. If the middle class cannot somehow make a comeback, in a worst case scenario we could evolve into a society of haves and have-nots. The haves will live in their gated communities, sending their children to private schools and enjoying a life of privilege. The have-nots will be scrambling on the outside to survive.

Many of them will survive by providing services to the well-to-do (which of course right now is a source of many jobs). Relatively low-paying jobs will be the only ones available to those that are not among the elite. Many of the middle class jobs will have been outsourced to other countries (China, of course, will be hugely prosperous).

In the meantime, the government thrashes about helplessly, no matter which political party is in power, piling up endless debt that may eventually come crashing down on us. Very discouraging.

Well as the old Chinese curse says, at least we live in interesting times.
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Old 09-15-2010, 10:26 PM
 
Location: The North
4,962 posts, read 8,681,984 times
Reputation: 3832
Quote:
Originally Posted by las vegas drunk View Post
Ok, I didn't get it was meant in jest. Unfortunately, there are idiots (not you) that will say (and actually believe) that there is no recession since the strip is packed wall to wall with people. What I see is the whole USA is turning into a third world country with no middle class. In other words, the South point was packed but pretty much everyone who was playing was wealthy or rich. There are still plenty of rich people left so that is why Vegas will still survive. Society as a whole here is doing quite bad. I have already seen 2 people this morning, one of them being a woman, digging through the dumpsters in the apartment complex I just moved in to.
This is so ridiculous. Is everyone richer than your poor self wealthy? Most of the people filling up those cheap rooms in Vegas are solidly in the middle class and just looking for a short trip up the highway to enjoy themselves. They didn't fly in, they came in 4 or 5 to a car. They just happen to be part of the 90% still holding down a job.
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Old 09-15-2010, 11:25 PM
 
Location: Home!
8,710 posts, read 10,144,214 times
Reputation: 8504
Well, at least one of the 4 or 5 is working. The others are just along for the ride, hoping to double up their unemployment checks!!! LOL!
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Old 09-15-2010, 11:31 PM
 
2,038 posts, read 3,649,568 times
Reputation: 3166
Quote:
Originally Posted by unf0rgiven6262 View Post
I still go back to the fact that just because there is a recession does not mean people know any better how to budget their money than before. And of course what you see daily will influence your perception but when factual data backs up those observations as well, it is difficult to deny. Just wait until wealthy gated communities have electrified fences and the poor roam the streets like zombies. Well, more zombies than you already see out there.
The recession has had a positive effect on most of the budgeting habits of my friends and family.

I like zombies! Bring em on!
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Old 09-16-2010, 02:55 AM
 
515 posts, read 1,020,644 times
Reputation: 405
Quote:
Originally Posted by pjg66 View Post
Many of the middle class jobs will have been outsourced to other countries (China, of course, will be hugely prosperous.
Its easy to think of other countries and peoples as monolithic (and nearly invincible), but that's rarely the case, just as it's rarely the case for us here in the USA. China's got a whole mess of issues to deal with - for example their "one child" policy is just starting to come home to roost in that the proportion of elderly to youth is out of whack. In Shanghai already 1 out of every 5 have reached retirement age of 60 and nationwide the projections are for 25% of the population to be over 60 by 2050 (the US, with much better medical care and higher effective incomes has roughly 15% over 60). Their pension system is unprepared for the burden of supporting so many, essentially economically unproductive, people on the backs of younger and smaller generations.
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Old 09-16-2010, 08:25 AM
 
Location: Kingman AZ
15,371 posts, read 33,772,788 times
Reputation: 8976
Quote:
Originally Posted by jjameson922 View Post
Yes but isn't that because True Value with 14,000 is in town but just for this one week?
a convention of 14,000 isn't even noticed in Las Vegas....if there are 10 or 12 of them that size it has an effect...and most conventions are gone by thursday night.
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Old 09-16-2010, 10:40 AM
 
2,305 posts, read 3,799,051 times
Reputation: 1237
Quote:
Originally Posted by dynimagelv View Post
a convention of 14,000 isn't even noticed in Las Vegas....if there are 10 or 12 of them that size it has an effect...and most conventions are gone by thursday night.

Yep the visitor count is increasing. Now if we can find a way to chain them to the slots and table games. All would be good again. We might starting seeing Prime Rib again in the EDR.
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Old 09-16-2010, 11:09 AM
 
Location: Kingman AZ
15,371 posts, read 33,772,788 times
Reputation: 8976
or crab once a week like the good ol days.
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