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Old 01-07-2009, 01:01 AM
 
Location: Keller, TX
5,670 posts, read 5,374,804 times
Reputation: 4083

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Quote:
Originally Posted by GloryB View Post
I always thought Woof and Woof Woof Woof! were the same person. The first time I read this thread....I was really confused.
I thought they were married...
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Old 01-07-2009, 01:22 AM
 
706 posts, read 1,188,095 times
Reputation: 438
I am always intrigued by this use of "too big to fail" for people like GM,Citi, AIG etc. I prefer "too big to succeed" as they are already massive failures.

Reich has some interesting comments but this isn't new and root cause is relatively simple. The decline of the middle class has been going on for 30 years. A lot of the pain was masked by easy credit giving an illusionary picture of real growth. Credit party is over, tapped out. If we really go back to a consumption rate of 65% , we suck nearly a trillion dollars out of the economy which will have devastating consequences for many sectors. Painful but absolutely necessary. Hard to paint any rosy scenario for the next few years.
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Old 01-07-2009, 04:07 AM
 
Location: Rockland County New York
2,984 posts, read 5,340,653 times
Reputation: 1295
Quote:
Originally Posted by jimmyP View Post
I am always intrigued by this use of "too big to fail" for people like GM,Citi, AIG etc. I prefer "too big to succeed" as they are already massive failures.

Reich has some interesting comments but this isn't new and root cause is relatively simple. The decline of the middle class has been going on for 30 years. A lot of the pain was masked by easy credit giving an illusionary picture of real growth. Credit party is over, tapped out. If we really go back to a consumption rate of 65% , we suck nearly a trillion dollars out of the economy which will have devastating consequences for many sectors. Painful but absolutely necessary. Hard to paint any rosy scenario for the next few years.
The question to ask Jim is how did the nation not foresaw this terrible outcome. It’s not like you needed to be a rocket scientist, just have some good old fashion common sense.
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Old 01-07-2009, 09:05 AM
 
Location: Some place very cold
5,500 posts, read 20,508,926 times
Reputation: 4244
Quote:
Originally Posted by Nepenthe View Post
I thought they were married...
Shut up!

I would never marry him. He's all scruffy and has patches of missing fur.
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Old 01-07-2009, 10:35 AM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 12,550,057 times
Reputation: 8057
You ought to invite Humanoid over for a cup of raw thistle nutrient broth, WWW. I think you two would make a wonderful couple.
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Old 01-07-2009, 03:21 PM
 
706 posts, read 1,188,095 times
Reputation: 438
Quote:
Originally Posted by Stac2007 View Post
The question to ask Jim is how did the nation not foresaw this terrible outcome. It’s not like you needed to be a rocket scientist, just have some good old fashion common sense.
I think that "good old common sense" is in very short supply.
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Old 01-07-2009, 03:57 PM
 
146 posts, read 478,296 times
Reputation: 87
[quote=Woof Woof Woof!;6872129]What I meant was that anyone on the street can see it. We're all being hit really hard. We can feel it. It's with us everyday.

i dont see how it is so bad where i live the economy is just the same as it has always been pretty much no major change like i guess others are seeing
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Old 01-08-2009, 10:38 AM
 
Location: Some place very cold
5,500 posts, read 20,508,926 times
Reputation: 4244
Quote:
Originally Posted by Woof View Post
You ought to invite Humanoid over for a cup of raw thistle nutrient broth, WWW. I think you two would make a wonderful couple.
Raw thistle? What's that?

Anyhow, no thanks. I'm a loner.
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Old 01-08-2009, 12:49 PM
 
Location: Loving life in Gaylord!
4,121 posts, read 7,958,424 times
Reputation: 3900
Duh.....the feds do not know any more than the average person who pays attention. In fact, people in these forums know more than the Feds. They are completely out of sync with the average joe. Every day you hear how this or that is worse than they though. What a bunch of totally clueless idiots they are. I come to these forums for the real scoop.
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Old 01-08-2009, 05:27 PM
 
Location: Knoxville, TN
2,172 posts, read 6,997,023 times
Reputation: 1527
Quote:
Originally Posted by whitegiant View Post

i dont see how it is so bad where i live the economy is just the same as it has always been pretty much no major change like i guess others are seeing
That's the way we felt in Knoxville -- recession proof. Then last week, Alcoa announced it was shutting down production in Alcoa, TN (just south of Knoxville), SeaRay closed its plant and Goody's went out of business, closing it's corporate offices and distribution center in Knoxville.
About 2,000 jobs gone like that. And Ruby Tuesday, headquartered near Alcoa, is in trouble.
With Univ. of Tennessee facing budget cutbacks and TVA in hot water over the ash sludge spill -- our "recession proof" big industries -- things aren't looking good.
I don't think the economy is even close to bottom yet.
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