The government says the economy is great - do you believe this? (borders, downturn)
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Keep in mind that a large chunk of the military budget goes to cover retired servicemen's and -women' pensions, disabled veterans, medical care for active duty personnel and veterans, and the cost of recruitment -- which frees us from having a selective service system.
almost 1.5 billion dollars a DAY (+homeland security)? !!
The country is on the verge of a recession (or in one) Some states like Florida and California are in recessions.
It's just been admited over here in UK that property prices have fallen each of the last three months, yet two months ago they claimed it was level. After Northern Rock (run on bank for first time for 100 years) we all wait with baited breath for your next sub prime event early in 2008. Rumour has it here that larger banks are in some predicament, government last week said our underlying economy here and in the rest of western world is sound. Sounded like Alstaire Darling our chancellor was crossing his fingers when he claimed this.
Is the economy doing OK? Yeah, for the people that owns it. The rest of us are hurting and going to hurt a lot more. Maybe we will all be able to make a living recycling the junk Wal-Mart has been selling to people that can't afford it.
The underlying problem is the wasteful militarism that only profits the war profiteers. Military spending as we have been doing is the ultimate non productive luxury and we cannot afford to keep wasting our money for this excess. We have far more important things to buy with our money. Like water resources and public health care.
The country is on the verge of a recession (or in one) Some states like Florida and California are in recessions.
I agree.......the 'vibe' is definitely out there.
Admittedly; with the increasing self deportation of the illegal immigrants here in Arizona, some jobs may open up for US citizens/green card holders so the impact may be blunted here------at first.
My take on this recession is that it will be a long one, but not very deep.
Overall; envision between the Great Depression of 70 years ago and the downturn ca. 1981 for intensity.
I envision a near complete economic collapse for the United States and a long drawn out recession for the rest of the world with the exception of China and India, which now have both the productive capacity and the markets within their own borders. I figure our currency will inflate to nearly valueless for international trade. Think $200+ per barrel for oil. The stock market will loose at least half its current value with the NASDEQ dropping by 60% or so. I also expect this to happen before 2010.
I think that these stats on the economy means things are good for the rich, but the rest of us could be getting screwed. But who cares about "the rest of us", when the rich are getting richer and get more tax breaks, right?
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politicos II
