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I agree. I can't get over how poor it was compared to Clinton. They both had 8 years, which one had more job growth
The 3 million was a NET after figuring in the DAMAGE done deliberatly by Pelosi and her crew from 2006-2008 ,,, His jobs created was closer to 8 Million and Clintons number is a gross not net.
The 3 million was a NET after figuring in the DAMAGE done deliberatly by Pelosi and her crew from 2006-2008 ,,, His jobs created was closer to 8 Million and Clintons number is a gross not net.
Clinton's number is a net, and no, the damage was insane tax cuts and reckless investing, spurred by Alan "bubbles" Greenspan and the Bush administration. The congress had nothing to do with it... Are you saying they turned the economy around in a matter of month or two? That moment was called the Bubble bursting, and that bubble started expanding after the budget-killing tax cuts, and the foolhardy slashing of the interest rates, years before the Democrats were finally able to gain real numbers in the House.
Look at the numbers. How much money was invested outside the U.S. by American companies after Bush took office? Close to two trillion. How much did the tax cuts cost the U.S. in revenue? Anywhere from 1.6 to 2.5 Trillion (Depending on "feedback" money from lower taxes). The "Job Creators" took that money Bush gave them, sent it overseas, and were allowed to give nothing back.
Greed took over, and when panic finally made an appearance, even the small amount of temporary "Jobs" that were created during the bubble in America had to go. They never had any permanence, that's why the Bush job numbers are so amazingly low. The jobs created under Clinton were not only more numerous, but lasted throughout his tenure. What was different? Higher taxes on the wealthy, and a real understanding of how government works the best.
As for Obama, what would you have him do, after being saddled with the bloody leftovers from a popped Greenspan bubble? Keeping the Bush tax cuts in place does NOTHING for the economy, because it did NOTHING during the worst of the depression, and does NOTHING today. We're not discussing an experiment in lower taxes, we're talking about policy that has been in effect throughout the "Job Killing" depression.
Your assumptions are based on continued trade and abundance of money. As the economy contracts, trade volume goes down. When people do not have money, it matters little how low prices are. It also hurts the sellers, who cannot recover enough to pay their bills.
If you combine the worst aspects of the 1930's (high unemployment, economic depression, homeless, hunger) with the worst aspects of WW2 (rationing, scarcity), you may see the wisdom of "investing" in supplies, rather than stocks and bonds or hoarding paper money.
And two years' worth of supplies should not be of the most expensive items, but of the more mundane items that may become scarce over the short term.
For example, salt. If you are not near a source of salt, and there's a breakdown in transportation - for whatever reason - you're in trouble when you run out. So invest in a 25 lb or 50 lb sack of salt. It's cheap. It'll last for years.
Buy your staples in bulk, too: Flour, sugar, rice, beans, etc.
If you can afford it, buy spare eyeglasses, and stock up on medicines.
Sorry but in the last depression there was no break down in transportation and instead, due to lack of demand, everything became rock bottom cheap as in a fraction of the cost before the depression cheap. There would be no break down of society or transportation and instead, like the last depression, prices would continually drop as suppliers try to chase the few remaining buyers.
Sorry but in the last depression there was no break down in transportation and instead, due to lack of demand, everything became rock bottom cheap as in a fraction of the cost before the depression cheap. There would be no break down of society or transportation and instead, like the last depression, prices would continually drop as suppliers try to chase the few remaining buyers.
Sounds great, if you start off with a buttload of money and your job doesn't disappear.
Sorry but in the last depression there was no break down in transportation and instead, due to lack of demand, everything became rock bottom cheap as in a fraction of the cost before the depression cheap. There would be no break down of society or transportation and instead, like the last depression, prices would continually drop as suppliers try to chase the few remaining buyers.
You forget..Made in the USA existed big time back then.
Barely exists today. Gluten, for example is almost non-existent in the USA. It must be imported.
When we can't pay China for the goods..then what ?
You forget..Made in the USA existed big time back then.
Barely exists today. Gluten, for example is almost non-existent in the USA. It must be imported.
When we can't pay China for the goods..then what ?
Anyway, it is possible our planet will turn into one of those zombie planets like in those zombie movies.
Quote:
Originally Posted by chiaroscuro
I don't have a crystal ball. Neither do you. But for the sake of having a little fun, let us all pretend that there will be a massive worldwide depression within the next few years. How would you prepare, if you knew this to be coming, and what would you stock up on? Money? Gold? Dvds?
My first suggestion is a depression-era vegetable garden. The one thing you might not be able to count on during a serious long-term depression is proper nutrition for you and your tots. Turning part of your backyard into a source of nourishment may be the simplest and least drastic preparation you can make for hard times. If nothing goes south, you still have a beautiful patch of edible greenery for your family.
I don't know about racks and racks of guns and ammo, unless we actually have some kind of civil war. I would be happy with one decent rifle (I have my AK47), and enough rounds that I pop off warning shots in the air a few times a week, just for fun, and to scare away starving wild dogs that feed on dead bodies.
I would rather spend my money on a modest solar array, with a redundant battery bank. I would also feel more secure with my vehicle converted either to bio-diesel or hydrogen. Both may be created at home, although hydrogen is a little easier to make than finding enough organic material to fill your diesel tank.
There are plenty of other steps I would take in preparation for a decade-long worldwide depression... But what would you do?
It's not buttload of money. It is boat load of money. Let's keep it real. Thanks.
Quote:
Originally Posted by chiaroscuro
Sounds great, if you start off with a buttload of money and your job doesn't disappear.
As for the rest of us... ?
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