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Consumer Confidence is an Economic measure for a reason. I hope you can understand that the confident spending I refer to, is people confident that they can spend.
And here we are almost 3 years into Obama's dictatorship and 5 years of democrat majority control and consumers DO NOT feel confident they can spend.
wait till the obama care fines against us working Americans who pay cash for our health care but get fined anyway go into effect, it will make todays protests look like a picnic. who the hell is he to fine me for paying my own doctor bills? why is he forcing me to pay hundreds a month to a third party for my health care . obama is bought and paid for and a slimeball.how do you fine someone for paying for services. I owe nothing except the coming obama fine
You sound like my dad, parfleche. He was outraged at Clinton for suggesting that he didn't have health coverage just because he didn't have insurance. (Like you, he paid cash.) He died in 1996 at the age of 52 of colon cancer. Early detection probably would have saved his life, but he didn't go to the doctor much.
You sound like my dad, parfleche. He was outraged at Clinton for suggesting that he didn't have health coverage just because he didn't have insurance. (Like you, he paid cash.) He died in 1996 at the age of 52 of colon cancer. Early detection probably would have saved his life, but he didn't go to the doctor much.
I aint scared of dying just want to be left alone.I mean left alone not left.
This Great Depression will make the first one look like a short-lived cake-walk.
We have sent our economic engine (manufacturing) overseas, along with the jobs that created the Middle Class. What we have now is a great "settling out" of wealth, where the Big Businesses and ultra-rich grab more and more of the wealth, and the former Middle Class suffers through job losses, wage stagnation, dollar devaluation, housing asset loss, and inflation until they settle into the lower class.
We no longer have an economy that provides opportunities to work yourself up from the lower classes. There is so little discretionary income left after Big Business and Big Government take their huge cuts, that you can't even start a small business and try to fill a niche market anymore. The vast majority of the population simply doesn't have anything left, and Labor has ZERO power today and therefore the one asset they have to sell is worthless.
The current economy will NEVER recover, because it is structurally gutted and totally non-functional. It works to funnel money to the Big Business and to Big Government, but has NO mechanism to return any wealth back to the working class. In effect, we are all slaves, and we must settle for whatever crumbs fall from the table of the ultra-rich.
However--hopefully--it won't last much more than another 3 or 4 years. The government has been keeping the economy in total stagnation, trying to prevent the collapse, but collapse is inevitable. We simply can't pay the insane bills Washington has racked up. We have no choice but to default, and try to build a functional economy from the ashes. This time, let's NOT let politicians and Big Business sabotage the new economy with the "globalization" cancer that destroyed the current one. Let's go back to the manufacturing economy of the post WWII boom era, and take back everything our leaders have given away to other nations.
You sound like my dad, parfleche. He was outraged at Clinton for suggesting that he didn't have health coverage just because he didn't have insurance. (Like you, he paid cash.) He died in 1996 at the age of 52 of colon cancer. Early detection probably would have saved his life, but he didn't go to the doctor much.
Several people in my extended family died of colon cancer. Unfortunately, just having health insurance doesn't mean that you'll survive some of these cancers that defy treatment.
I agree. Those who think this is anything like the depression of the 1930s were obviously not old enough to remember the 1974-1984 recession. That recession was far worse than anything happening today.
Unemployment was higher, interest rates were much higher, inflation was much higher, oil and gasoline prices were higher. Those who compare this recession to the 1930s depression are completely clueless.
LOL, you left out one thing. The U.S. national debt was 15 times smaller in 1974' a mere $492,665,000,000.00. Virtually none in 1930. We are rapidly approaching 15 TRILLION in National dept. Also, unlike 1930 this is a GLOBAL melt down.
There is no way out of this amount of debt the US government has accumulated. I don't care who is elected.
You sound like many here who post and have not YET lost their job and retirement savings. There are many here that are in for a RUDE awakening!
When the debt bubble pops, and it will, it will make 1929 look like a pick nick.
What are you going to do? Buy gold? The government can confiscate it you know, wouldn't be the first time.
And here we are almost 3 years into Obama's dictatorship and 5 years of democrat majority control and consumers DO NOT feel confident they can spend.
That's because most Americans see Obama for the Liar he is, something that wasn't clear before he got elected.
The question that should have been asked is:
If we are in a depression would Obama be honest and tell us we are ???
The answer to that would be no he wouldn't. All we would hear is more BS, half truths, false promises, data manipulations and outright LIES, kind of like what we hear right now from this clown !!!
Don't believe anything that comes out of the Federal Reserve. They are a bunch of liars and cheats and should be behind bars. Ben Bernanke hasn't been right about ANYTHING. He's called everything wrong. Everything so far has done the opposite of what he said would happen.
Yes we are certainly in a depression and have been so for a good while. REAL unemployment rates are as bad or worse than they were during the "Great Depression" Unemployment
and it doesn't help with Obama & Co helping the likes of GE move jobs to China.
I don't believe we today even can begin to know what a depression looks like.
Back in the 1930s people didn't stand in long lines waiting for the newest video game player to be sold or buy iPhones for all their kids. And not many people would have paid $100 or more to see some pop star concert.
I heard on the radio the other day that the average family intends to spend about $300 on Halloween this year. That's not living in a depression when people might have found some old rags to rig up a costume if they wanted to have one. And in the Depression people didn't eat out every day, didn't line up at the fast food drive-thrus like you see everywhere today.
Last edited by malamute; 10-09-2011 at 09:09 PM..
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Also, unlike 1930 this is a GLOBAL melt down.
Is this another Great Depression? If so, How Does it End?
