Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Ayep...but let the useful idiots keep braying on about how things are getting better(actually what they really mean is things are getting worse more slowly)...
They will never admit the truth,they bought into the lies.
You all have been saying that since January..When is it going to happen? Since you all love timetables so much, what's the impending crisis timetable? What's this crisis going to look like? We've already had the economic meltdown, 9/11, two wars (one fraudulent), torture, Abu Grab Ass, an out of control VP etc..Please oh please, what's next
We are waiting for healthcare. If we can pay less, we will have more cash to spend elsewhere which will help the economy!
Really, do you honestly believe you will be paying less? The taxes that will need to be raised will cancel out whatever savings you think you have with a government-run plan. They cannot balance this massive new program on the backs of the so-called "rich". You do realize that if passed, it will not take effect for 3-5 years?
You are "waiting" - yet you claimed in another post that the mystery "tax cut" had stimulated the economy - can you point out what tax cut you received?
What's harder to see is how the economy keeps up its strength. "Recessions come to an end, indeed, but the transition phase to the next sustainable bull market and economic expansion following a post-bubble credit collapse is treacherous. If there is anything we have learned from history, that would be it,"
We are waiting for healthcare. If we can pay less, we will have more cash to spend elsewhere which will help the economy!
KevK, the system was overvalued and bubbled to no end. It has to purge itself and no amount of money thrown at it will prevent that from happening.
You can't hide debt with more debt. It has to be paid off or defaulted.
Too many people fear increased taxes down the road. We have to pay off the debt to foreign countries and there's no other way except increased taxes.
I'm not being pessimistic but rather realistic. I am adjusting my lifestyle to make due with less and save more and buy with cash. A different America will emerge from this crisis..hopefully one not loaded with debt.
To those who are optimistic and see things getting better....
What is getting better?
Not that the DJIA went up but WHY did it go up,what good news caused it that will mean more jobs and more opportunity for the people?
I am with HappyTexan on this,we buy for cash,we plan to reduce our liabilities and to batten down the hatches....
But to the rest of you,keep having happy thoughts and buy stuff on credit,Goldman Sachs needs your money.
To those who are optimistic and see things getting better....
What is getting better?
Not that the DJIA went up but WHY did it go up,what good news caused it that will mean more jobs and more opportunity for the people?
I'm realistic but I'll throw in my $.02. People are finally seeing dissent in the democratic party against it's fringe ideologues. It's giving some hope to people that we might some day get out of this and not end up in some unrealistic Utopian solution. Realist understand there is no utopia.
It's like pushing a car uphill and Obama has the parking brake on. It'll get up the hill eventually, it'll just take a little longer and wear us out more when we get there.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,707,000 times
Reputation: 3587
Quote:
Originally Posted by HappyTexan
KevK, the system was overvalued and bubbled to no end. It has to purge itself and no amount of money thrown at it will prevent that from happening.
You can't hide debt with more debt. It has to be paid off or defaulted.
Too many people fear increased taxes down the road. We have to pay off the debt to foreign countries and there's no other way except increased taxes.
I'm not being pessimistic but rather realistic. I am adjusting my lifestyle to make due with less and save more and buy with cash. A different America will emerge from this crisis..hopefully one not loaded with debt.
I do not disagree with anything you said but when the working people of this country are stacked with more and more medical debt and higher and higher cost every year, the money has to come out of the budget from something else. Healthcare cost are rising at 4 times the rate of inflation and if something is not done to reign them in, we will have no disposable income to spend soon! I know people that are paying $600 a month for premiums for the family! That is more than a car payment!
While the market6s are recoverng as banks are more stable form Bush's bailouts and the businesses cutting cost;we are a long weays from recovery especailly in many regions.The stimulus because of teh way it was structured politcally has had little to no effect really.I see no recovery in jobs for some time and even then quite a dfifierent jobs market and slow growth..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.