U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Maine
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-14-2012, 05:12 PM
 
Location: on a dirt road in Waitsfield,Vermont
2,185 posts, read 5,852,281 times
Reputation: 1113

Advertisements

The official definition mentioned above of a "recession" is , in my view, the Wall Street perspective since it's based on the stock market and technical financial data. People that have been frugal, saved their money, and had a retirement plan are doing okay. Tho small investors, the healthy rise in the three major stock indexe.since March 09 has benefited millions.

In addition to the other comments I see people with skills and experience finding jobs. The middle is certainly getting squeezed but it's a big group with some desposable income. Location is part of it, some places have lots of jobs, some not so much.

Housing continues to be a major headwind for the economy but things are improving in many places around the country. AIG recently announced that they will soon be buying back the stock the feds have owned from TARP. This would make over 90% has been paid back, we the people made billions, per as it was set up at the end of Bush's tenure and continued with the current administration.
Reply With Quote Quick reply to this message

 
Old 09-14-2012, 07:12 PM
 
Location: Maine
15,082 posts, read 19,724,141 times
Reputation: 17201
Quote:
Originally Posted by MRVphotog View Post
The official definition mentioned above of a "recession" is , in my view, the Wall Street perspective since it's based on the stock market and technical financial data.
Yep. I don't disagree.

But the term "recession" is a technical economic term. And we simply aren't in one. Haven't been for a long time. The economy is still really bad in many respects, and we still have a lot of long term problems. But we aren't in a recession.

Words mean things. Sometimes very specific things. An elephant is a large mammal. But you can't point at a whale and say, "Elephant!"

About housing: It hasn't recovered to its pre-2008 levels. But keep in mind: The housing market up until the recession began was inflated beyond all reason. It was the very definition of a bubble. People were buying houses for $200,000, then adding track lighting and a coat of paint and selling them for $450,000. It was insane and was a large contributing factor to the recession. Returning to those levels would not be a good thing in the long run.

About employment: It's horrible. But Big Business and Big Government have spent the last 20 years shipping our manufacturing base overseas so they can line their own pockets. And we act surprised that there are no jobs? Wake up, folks. Insanity is doing the same thing over and over again, yet expecting different results. After 20 years of this, if you're still voting Democrat or Republican in national elections, you've got no room to gripe. You're getting what you voted for.
Reply With Quote Quick reply to this message
 
Old 09-14-2012, 10:02 PM
 
Location: Somewhere in deep in Maine
3,484 posts, read 2,535,855 times
Reputation: 4216
Since things never really took off in Maine, its kind of hard to identify the recession in the first place. Although the real estate market is back to normal around Ellsworth and south. such that that is.... ;-)
Reply With Quote Quick reply to this message
 
Old 09-14-2012, 11:36 PM
 
Location: Lebanon, OH
5,685 posts, read 5,886,651 times
Reputation: 12037
Quote:
Originally Posted by mainegrl2011 View Post
So I guess you would say it's not lifting very many boats....no where near the boats that would be lifted if the housing market were truly healthy.
Most people who use the cliché about the rising tide lifting all boats are usually flatlander republicans. Rising tides only lift floating boats, if your boat sank and is a shipwreck then it is under deeper water.

The issue is not whether the tide is rising, it's how many ships have been sunk.

Not only do I believe we are still in a recession, we are still in a depression, things are much worse than we have been told and it will be a long time before things get better, FDR did not have the debt we have now and if you are not aware of this yesterday was QE3, punishing savers, rewarding debtors. I wish I could string Ben Bernake up by his neck, everything will go up except your wages, the price of gas is not going up, the value of your dollar is going down, that is why gold prices are going up, because your buying power has just gone down.

I don't want to get all political but it will not matter if Obama gets re-elected or if Romney wins nothing will change as long as we have the FED dictating monetary policy. I am a Ron Paul guy, they say he is a kook, he is a kook alright, he is against everything that is collapsing around us today.

I hope the people of Maine will send Angus King to Washington and ignore all the money "from away" that is being used to buy the seat for incumbent parties A & B. The only way to change Washington is to change the people we send there.
Reply With Quote Quick reply to this message
 
Old 09-15-2012, 07:45 AM
 
40 posts, read 82,771 times
Reputation: 62
The problem with Maine is people don't know how to look for jobs anymore. There are thousands of skilled and unskilled jobs available all over this state, however a lot of people only look in areas where they are experienced. Think outside the box people! Quite frankly, when I moved to Maine in 2010 (when the economy was REALLY in the dumpster), since i knew where to look, I had 3 job offers over a span of a week in a very short time. I'm doing very well in Maine for being in my mid 20s and no, I'm not in the Portland area. The trick is to apply to jobs even if you don't think its for you. Once you start, you may just surprise yourself...
Reply With Quote Quick reply to this message
 
Old 09-15-2012, 08:31 AM
 
Location: Out West
20,632 posts, read 15,431,629 times
Reputation: 24176
Yes, i'mjustthere, there ARE jobs. The issue is, those jobs are paying what people were paid 10 years ago for those jobs. The wages are not increasing but the prices for goods, ARE. That is a problem. It's not just here in Maine, you have to look outside of Maine to get the bigger picture and the fact is, wages are not rising.

The other issue that is going on is that what used to be full time jobs are now part time jobs as companies don't want to absorb the costs of benefits for all. They are hiring either part time workers or seasonal workers, temps or even interns. This is not just in Maine, this is all over. That is a problem.

When I was doing serious looking, I found jobs that said only college students apply. Yes, I actually found some that said that. What is that?! Well, you find out, college students, although they just got out and are ready to take on the world, don't know that $10 an hour for that job they applied for is a rip off. Older workers do. That is a problem.

And let's not forget what submariner said about tent cities. Those are in existence. When you have that many people living in tent cities, something is wrong.

Some may argue with this but in my Economics class, we were taught that even when an economy is not good, people will still go to bars and they will still gamble. Guess what. Even those numbers are down. That is not a good sign. (Well, one could say it is, that people are being smart...but, considering how many people live off of their credit cards...that remains debatable.)

Personally I think the stock market numbers are inflated. They are not reflecting what is really happening to the "common" person. That is a problem.

And since some already said it, I will as well: The two parties are doing us no favors. Everyone thinks Paul is crazy....but he's the only one who has any flippin' idea what to do about it all...and has predicted all of this - but no one listened to him because he is, "crazy". Ok. There, that's all I will say about that.
Reply With Quote Quick reply to this message
 
Old 09-15-2012, 08:55 AM
 
Location: Forests of Maine
29,723 posts, read 47,495,927 times
Reputation: 17577
Quote:
Originally Posted by Three Wolves In Snow
... Some may argue with this but in my Economics class, we were taught that even when an economy is not good, people will still go to bars and they will still gamble. Guess what. Even those numbers are down. That is not a good sign. (Well, one could say it is, that people are being smart...but, considering how many people live off of their credit cards...that remains debatable.)
I was very lucky at one point. For my investment portfolio I was buying a collection of apartment complexes, one at each duty station. As luck turned out one of them later had two casinos pop-up, one 4 miles to the South and one 4 miles to the East. Both casinos were in a competition to be the 'Worlds Largest casino" Woo Hoo! An economic boom happened. When I retired, we sold all of our other properties, because we just knew that being located between those two casinos would keep us in the black.

But this recession/depression thing hit. Even though folks on the down-out still gamble, folks from 1,000 miles away stopped traveling to gamble. Mohegan Sun-Moon and Foxwoods both began laying off workers.
As casino profits dropped, both casinos stopped their new construction, they locked the gates and left excavators parked on-site. Each week new rounds of lay-offs. Our tenants lost their jobs, and they left going back to their hometowns. Workers who had been brought in from Yugoslavia and P.R. and trained by the casinos, were laid-off. Their employment contracts had included that the casinos would return them to their country-of-origin. So thousands of workers left the area. Our apartments were empty, as were apartments all around the area. Eventually we lost that property.

People still gamble, but not like they had been gambling.




Quote:
... Personally I think the stock market numbers are inflated. They are not reflecting what is really happening to the "common" person. That is a problem.
We know the adjusted unemployment rate is fake. That is what the adjustments are for.

There were no adjustments in the 1930s. So making a direct comparison is useless. Without first removing the adjustments.

Ooops but if you remove the adjustments, the unemployment rates match. Can't do that, it would frighten the citizens.



Quote:
... And since some already said it, I will as well: The two parties are doing us no favors. Everyone thinks Paul is crazy .... but he's the only one who has any flippin' idea what to do about it all ... and has predicted all of this - but no one listened to him because he is, "crazy". Ok. There, that's all I will say about that.
I agree
Reply With Quote Quick reply to this message
 
Old 09-15-2012, 09:41 AM
 
Location: Maine
15,082 posts, read 19,724,141 times
Reputation: 17201
I do think Ron Paul is a kook in many respects. But that doesn't mean he's wrong.

There has arisen in our time a most singular fancy: the fancy that when things go very wrong we need a practical man. It would be far truer to say, that when things go very wrong we need an unpractical man. Certainly, at least, we need a theorist. A practical man means a man accustomed to mere daily practice, to the way things commonly work. When things will not work, you must have the thinker, the man who has some doctrine about why they work at all. It is wrong to fiddle while Rome is burning; but it is quite right to study the theory of hydraulics while Rome is burning.

If your aeroplane has a slight indisposition, a handy man may mend it. But, if it is seriously ill, it is all the more likely that some absent-minded old professor with wild white hair will have to be dragged out of a college or laboratory to analyze the evil. The more complicated the smash, the whiter-haired and more absent-minded will be the theorist who is needed to deal with it; and in some extreme cases, no one but the man (probably insane) who invented your flying-ship could possibly say what was the matter with it.

(G.K. Chesterton, What's Wrong with the World)
Reply With Quote Quick reply to this message
 
Old 09-15-2012, 09:42 AM
 
17,160 posts, read 22,175,230 times
Reputation: 31232
gas is over 4.00 gallon, it was 1.80 when bush left.

oil is twice as high- this is scary.... its a good thing we set up the dept of energy in 1977 and spent billions in government waste to get us off foreign dependence of oil.. this is government at work...

we are in a state/country which close to 40% is on some sort of welfare, and more people are retiring, then entering the work force....we are 16 trillion in debt...but the politicians dont seem to care, because they are guaranteed there golden parachute....
something seriously wrong with this picture........ and yes,,,we need a Ron paul, to overhaul business as usual two party system...

the only upside of having obama in office, is that the media is soooo much a cheerleader for him, they dont report some of reality that would put us in a tailspin into a depression.... iF romney is elected,,,,THEN we will hear about the homeless, and tent cities and so on.

We need a ron paul or lepage type president that will give our government a proper financial and common sense cleansing,,
Reply With Quote Quick reply to this message
 
Old 09-15-2012, 11:31 AM
 
Location: Sacramento, CA/Dover-Foxcroft, ME
1,808 posts, read 2,892,417 times
Reputation: 2826
If Obama is elected for a second term, just think of the mess he will inherit this time.

Quote:
Originally Posted by mainebrokerman View Post
gas is over 4.00 gallon, it was 1.80 when bush left.
I know, I know, my gas bill last month was $1600.

I live and work at my business in CA but return home to ME as often as I can. I see the effects of this current economic climate in both places, just at different degrees. There isn't one of my family members in CA, MO, NC or ME that hasn't been affected by this recession or economic contraction or economic decline or whatever you want to label it. But I also see many people that seem to have weathered this era and appear to excel and even profit from their efforts. They have disposable incomes and are not shy to spend it. And it's not with credit cards either.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Maine
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top