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If I recall correctly, the government was putting pressure on said banks to give out some of those loans. Then, of course, the government bailed them out to try and make up for the losses of the banks.
And so the terribleness continues up the chain. See, people in some other countries were locked up for this crap. Never going to happen here unless it's rich people stealing from other rich people.
Yep, fed jobs are going to be the place to be in the near future. Andywire is living a dilusion and is getting lucky. People who are cocky in the private sector thinking they will always be ok will likely be in a really bad place when they themselves get caught up in the lay offs and blood letting unless they have a nice family safety net that allows them to take risks without worrying about the ultimate failure of dieing in the streets.
So what if you get laid off. There are tons more jobs where those came from. In fact, every time I have ever been laid off, it allowed me the opportunity to find an even better paying job.
And if the well of jobs dries up, along with the paychecks, than we will have another recession/cheap buying opportunity for investments, real estate, etc.
Capitalism isn't perfect, but it's the fairest system I can think of. There is always an opportunity somewhere, for those who are hungry enough to look.
I think you are living in a self imposed prison. The sky will always be falling in your universe, because you obviously prefer to surround yourself with doom, gloom and negativity. What ever it takes to get you outta bed in the morning I guess. With that kind of attitude however, I would not be a very good worker, and I wouldn't be worth a high salary/hourly rate.
So what if you get laid off. There are tons more jobs where those came from. In fact, every time I have ever been laid off, it allowed me the opportunity to find an even better paying job.
And if the well of jobs dries up, along with the paychecks, than we will have another recession/cheap buying opportunity for investments, real estate, etc.
Capitalism isn't perfect, but it's the fairest system I can think of. There is always an opportunity somewhere, for those who are hungry enough to look.
I think you are living in a self imposed prison. The sky will always be falling in your universe, because you obviously prefer to surround yourself with doom, gloom and negativity. What ever it takes to get you outta bed in the morning I guess. With that kind of attitude however, I would not be a very good worker, and I wouldn't be worth a high salary/hourly rate.
Yep, some people will never make it and it is always someone or something else's fault. But I guess people who know their value and what they are worth are just "privileged"
I heard a recession is coming, but since the so-called recovery of the last recession was pretty much jobless (or at least, low paying/temp jobs), the new recession could well be a depression. What damage will this major recession/depression do to the economy?
Alright negative nancy who knows more than economists. The construction industry is booming right now with plenty of good paying jobs. If you really knew this you could be rich by shorting the stock market.
What depression? I see more and more opportunities emerging every week. Wages are climbing because employers cannot find skilled people. Growing wages are a sign of strength in the economy, not weakness.
And believe it or not, but manufacturing is booming in my neck of the woods. It has never been this good in my lifetime (almost 30 now). If the economy does in fact crash, I wouldn't complain however. I would love to have the opportunity to buy houses in cash for 30-40K again! Bring it on!
Last year, I got a terrific bonus check... While working at a hole in the wall employer that bottom feeds and barely makes money. I do love America!
Glad to hear that, from someone in my old home town who seems to be building windmills, not windbreaks, as the winds of change blow. Oakland County, where I grew up, looked pretty prosperous and on the road back about five years ago last time I was there. No surprise; those growing up in affluent, educated towns like Birmingham, Bloomfield, Southfield, Royal Oak, and Troy did not beget all that many whiners and complainers. More like grads from University of Michigan, Western, State, Central, and Lawrence Tech (to name a few) who are resourceful and determined to build a stronger tomorrow.
Bellevue, WA and Birmingham, MI have a lot in common...apple didn't fall that far from the tree, when I moved out West and chose where to live...prosperity has a funny way of following resourceful people and modern industrial trends, I've found.
Yeah, I've been getting "terrific bonus checks" and so much more since bottom of the recession, c. spring 2009. Oh, wait: that's another "sociopathic, psychotic jerk() at the top with all the power" taking "advantage" of ...someone, I guess. Bums, dropouts, and losers, I'm guessing. GMAB.
I make my own fortune, no one owes me or gives me squat: I have to take it, via guile and persistence. Everything I've built has been from my own cleverness, with of-course a big hand-up from Uncle Sam in the form of student loans (2x, undergrad and grad school) and ability to borrow and pay back big sums for sound investments. It's called "Capitalism." Make it work for you; sure does for me and I'll double-down on "I do love America," as well!
The most accurate definition that I've heard of a recession is that it's when people you know are unemployed.
A depression is when you become unemployed.
Glad to hear that, from someone in my old home town who seems to be building windmills, not windbreaks, as the winds of change blow. Oakland County, where I grew up, looked pretty prosperous and on the road back about five years ago last time I was there. No surprise; those growing up in affluent, educated towns like Birmingham, Bloomfield, Southfield, Royal Oak, and Troy did not beget all that many whiners and complainers. More like grads from University of Michigan, Western, State, Central, and Lawrence Tech (to name a few) who are resourceful and determined to build a stronger tomorrow.
Bellevue, WA and Birmingham, MI have a lot in common...apple didn't fall that far from the tree, when I moved out West and chose where to live...prosperity has a funny way of following resourceful people and modern industrial trends, I've found.
Yeah, I've been getting "terrific bonus checks" and so much more since bottom of the recession, c. spring 2009. Oh, wait: that's another "sociopathic, psychotic jerk() at the top with all the power" taking "advantage" of ...someone, I guess. Bums, dropouts, and losers, I'm guessing. GMAB.
I make my own fortune, no one owes me or gives me squat: I have to take it, via guile and persistence. Everything I've built has been from my own cleverness, with of-course a big hand-up from Uncle Sam in the form of student loans (2x, undergrad and grad school) and ability to borrow and pay back big sums for sound investments. It's called "Capitalism." Make it work for you; sure does for me and I'll double-down on "I do love America," as well!
I did not have the good fortune of attending prestigious centers of education. I did have the good fortune of working with smart, interesting people who taught me something important... To win at this game, one must work smarter, not necessarily harder.
I can bust my behind working for a dummy, or I can work hard enough, and produce more working for smart people. It's also important to learn how to think, so that you can become the one offering the best and most practical solutions to the challenges faced on the job. This is the way forward. Not working 80 hours a week trying to win a race to the bottom that cannot be won.
Capitalism sometimes seems cruel, but it does one thing really well... It rewards us for working smarter, and punishes those who choose to fight the inevitability of progress.
So what if you get laid off. There are tons more jobs where those came from. In fact, every time I have ever been laid off, it allowed me the opportunity to find an even better paying job.
And if the well of jobs dries up, along with the paychecks, than we will have another recession/cheap buying opportunity for investments, real estate, etc.
Capitalism isn't perfect, but it's the fairest system I can think of. There is always an opportunity somewhere, for those who are hungry enough to look.
I think you are living in a self imposed prison. The sky will always be falling in your universe, because you obviously prefer to surround yourself with doom, gloom and negativity. What ever it takes to get you outta bed in the morning I guess. With that kind of attitude however, I would not be a very good worker, and I wouldn't be worth a high salary/hourly rate.
No, you are right that capitalism is the best system. The problem is, we're not quite in that system. We're more of a hybrid of a crony capitalist market (think Russia) and a more command-type economy (socialist Europe). Hence, the very rich do well, there are safety nets for the those under a certain income, but most of everyone else is seeing a decrease in the quality of life. What is going to happen over time is that more of the wealth is going to move up, with more people falling into the safety net at the bottom, which, of course, leads to more and more pressure on the middle. Eventually, if left unchecked, the whole system will collapse.
What is happening is that those down on their luck stay that way, those rich stay that way or get even richer, while, gradually, those in the middle eventually get the axe or suffer more. Right now, those in the middle may not see it (which, of course, is by design, so they can keep pushing the lie about the "recovery").
Alright negative nancy who knows more than economists. The construction industry is booming right now with plenty of good paying jobs. If you really knew this you could be rich by shorting the stock market.
No it's not booming, except, maybe, for the guys at the top. I've heard the wages are going DOWN in construction, and, via both hearsay and research, have concluded that illegal aliens are really infesting the ranks of the construction workforce. I have found loads of construction companies, and not just in blue states, but red ones too, pushing for Amnesty.
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