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The numbers are provided by the same administration that is lying about the war. These numbers are eyewash and completely bogus. They are designed to make the administration look 'good".
You can find the same numbers at the OECD, which is not part of the administration. As Presidents have little if any influence over the economy, its hardly surprising that we can have a bad President but a sound economy.
Too many of my friends have been laid off, downsized and had their careers totally derailed. This may be a sound economy for the investor class but for the rest of us it is a disaster. Remember those numbers are created for the investors by the investors.
Location: On another site. This one is lame :) Trying to give it a second chance though.
105 posts, read 71,214 times
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Quote:
Originally Posted by GregW
I DO NOT CONSIDER THIS TO BE A SOUND ECONOMY!
Too many of my friends have been laid off, downsized and had their careers totally derailed. This may be a sound economy for the investor class but for the rest of us it is a disaster. Remember those numbers are created for the investors by the investors.
Agreed.
Everything good in our economy is based on negative factors.
Offshoring, bad fed decisions, etc.
The only true "growth" is being experienced by big corporations, and definitely NOT the American employees that work for them. The average Joe Six-pack is getting hosed every day, and they fail to realize it.
It's a "WalMart" economy. Those who understand that comment, probably understand the big picture that comes with it. Those that don't, will probably never understand it. Too many facets for them to grasp.
All they care about is cheap goods, and they don't care what price we'll pay in the long run for them. As for housing, that issue will not be fully realized for another decade. As the homeowners who weren't hurt by it die off, those trying to enter the housing market will increase in number. That's when we'll have a crisis. That's when we'll fully understand that the average American has been priced out. If you didn't own a home during the 200% increase, and built up equity, you may not own a home for years to come.
Last edited by PoliticalGab; 11-30-2007 at 09:45 AM..
Too many of my friends have been laid off, downsized and had their careers totally derailed. This may be a sound economy for the investor class but for the rest of us it is a disaster. Remember those numbers are created for the investors by the investors.
Anyone can join the "investor class." All you have to do is invest. There is no membership fee or intitation ceremony.
Many people buy lottery tickets but do not even consider having a Roth IRA --and it is patently obvious that buying lottery tickets is simply an extremely stupid form of, well, investing. Many people pay four dollars for a cup of coffee at Starbucks every day, yet do not consider strating an investment plan.
Say a person buys a lottery ticket every day for a dollar, and a Starbucks every morning for four dollars. That's five dollars a day, five working days a week, or $100 a month.
Say that same person is 25 years old and takes the $100 and contributes it every month to a Roth IRA paying a very conservative 6% interest. He does this for 40 years until he retires. Even this simple $100 per month will yield enough income at age 65 to provide over $13,000 per year TAX-FREE for the rest of his life.
Here's a fun calculator to try out different saving scenarios....
The point I am trying to make is that investing is simply a way to pay yourself instead of paying someone else. The younger you start, the easier it is. It's the kind of habit -- like exercising, eating right, avoiding tobacco -- that too many people simply do not develop early enough.
You don't have to belong to a "class" to invest. You just have to forego a few extravagances and save a little for yourself...
I really feel sorry for you if you truly believe that.
The president has been manipulating the price of oil for SIX years now. How? What the folks on the right take as "tough, no-nonsense talk" is actually irresponsible idiocy.
As president of the United States, you can't simply get on camera like some hick cowboy talking about an "axis of evil" and start pointing fingers at countries for aiding or abetting terrorists. A REAL president is supposed to consider the impact of his words on things like the financial markets.
I think he is, and he knows exactly what he's doing.
The price of gas was beginning to come down. I was paying $2.30 - $2.40 a gallon for a little while there, about 6 months ago. Well, we can't have that now can we? All of a sudden Achmadinna-whatever his name is, is coming to Columbia University. That's about what started it. Then the president starts making one comment after another about Iran. Little by little the price of gas continues to go BACK UP. Then finally, a few weeks ago, he made some pretty damming comments, which caused the price to spike.
If you really try and understand how the financial markets work, you'd know it's not the traders doing it. It's George Bush himself. The traders are just reacting to his idiotic rantings, or calculated market manipulation. It's one or the other.
lol- so true. The media hysteria....alll the lies and manipulations, of this administration, at this point I would not believe them if they said the sky is blue.
The only true "growth" is being experienced by big corporations, and definitely NOT the American employees that work for them. The average Joe Six-pack is getting hosed every day, and they fail to realize it.
Hopefully the bubble the investor class has been living in will burst and they have to see the real world through clear glasses. Apparently there are people like Bush who are disconnected with current events.
There's an article about multinationals Stipping U.S. Assets on Daily Kos. If it's true, how many more shenanigans can the American people put up with?
Thanks in part to Greenspans efforts to keep interest rates artificially low, America was flush with equity and a booming housing market that provided construction jobs and skyrocketing housing prices but Greenspan apparently never accurately factored in the long term cost of offshoring and foreign dependence on goods as it is all coming to fruition now.
Interesting point about the low interest rates.
Another 'intelligent' person some years ago stated that he was doing worse than during the Clinton era with its higher rates.
What chaps my hide is despite a FICO score ca. 700 is why so many of my credit cards are 14% APR or greater.
Recessions occur periodically regardless of who is in power because of the complexities of our economy, but mainly because nothing ever remains the same for very long. There will always be up cycles and down cycles.
Another 'intelligent' person some years ago stated that he was doing worse than during the Clinton era with its higher rates.
What chaps my hide is despite a FICO score ca. 700 is why so many of my credit cards are 14% APR or greater.
I smell a big, fat scam.
B of A Platinum is a whopping 25%
Keep charging, everyone
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