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Old 08-01-2009, 09:03 AM
 
4,586 posts, read 5,468,008 times
Reputation: 943

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Quote:
Originally Posted by ViewFromThePeak View Post
The real crisis hasn't even begun yet.
Quote:
Originally Posted by oz in SC View Post
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
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Old 08-01-2009, 09:06 AM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,707,000 times
Reputation: 3587
Quote:
Originally Posted by sanrene View Post
Are you still waiting for that "tax cut" from obama? Wasn't that what it was for - to stimulate?
We are waiting for healthcare. If we can pay less, we will have more cash to spend elsewhere which will help the economy!
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Old 08-01-2009, 09:12 AM
 
Location: Chicagoland
41,325 posts, read 44,862,349 times
Reputation: 7118
Quote:
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?
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Old 08-01-2009, 09:24 AM
 
29,939 posts, read 39,392,416 times
Reputation: 4798
Quote:
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,"
The Recovery Question - Forbes.com
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Old 08-01-2009, 09:25 AM
 
Location: Great State of Texas
86,052 posts, read 84,299,625 times
Reputation: 27718
Quote:
Originally Posted by KevK View Post
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.
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Old 08-01-2009, 09:29 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,832,149 times
Reputation: 2519
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.
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Old 08-01-2009, 09:37 AM
 
29,939 posts, read 39,392,416 times
Reputation: 4798
Quote:
Originally Posted by oz in SC View Post
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.
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Old 08-01-2009, 09:49 AM
 
24,365 posts, read 22,971,260 times
Reputation: 14942
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.
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Old 08-01-2009, 12:24 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,707,000 times
Reputation: 3587
Quote:
Originally Posted by HappyTexan View Post
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!
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Old 08-01-2009, 12:45 PM
 
48,505 posts, read 96,653,685 times
Reputation: 18304
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..
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