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Old 07-15-2008, 07:41 AM
 
18 posts, read 89,642 times
Reputation: 20

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I was really wondering how much the economy is affecting our City. I notice the traffic is no longer a big problem on the highways.... The malls aren't as packed as last summer. With gas increasing and the dollar sinking I would really like to know if there will be some soon hope. Looking for optimistic answers with Bush leaving office soon.
How is it affecting you?

 
Old 07-15-2008, 07:45 AM
 
Location: SoCal-So Proud!
4,263 posts, read 10,827,850 times
Reputation: 1558
I don't think that day to day life has been greatly affected, yet. Looks like folks are starting to conserve and tighten the belts a little though. Once we sink further on the federal level, it'll take some more time to reverberate onto the local level.
 
Old 07-15-2008, 07:51 AM
 
18 posts, read 89,642 times
Reputation: 20
I just hope we get out of this.... Now they are talking about some more banks on CNN... Hopefully we will just pull our money from Iraq ect. and focus on the REAL problem....... here!
 
Old 07-15-2008, 08:27 AM
 
Location: Smalltown, USA
3,111 posts, read 9,211,052 times
Reputation: 2056
What does it have to do with Bush??
 
Old 07-15-2008, 08:30 AM
 
Location: Charleston, SC
5,615 posts, read 14,797,306 times
Reputation: 2555
I've cut back but things are fine.

- To save on gas, I hypermile my car (average 41mpg out of a '00 Celica GT-S). So gas expenses are the same as what I paid in early 2005. I'm also selling my 944 but that's because I just don't have the time to work on it anymore.

- I eat the same way I did in grad school, but I haven't been out long so that's no change. These days I don't eat out as much though.

But really a big part of this is because I'm saving up for next year when I start to renovate my house anyway. I think people here are SO much more upbeat about the economy than back in the northwest, where the housing bubble burst and people can no longer find a buyer for their $550K 1600 sqft houses. I think things will be better here, because that's one less major problem to deal with.

And as much as I'm not a fan of the current administration, this has nothing to do with the president and I don't believe the next one will be able to flip a switch and fix things quickly once they get into office.
 
Old 07-15-2008, 08:39 AM
 
Location: SoCal-So Proud!
4,263 posts, read 10,827,850 times
Reputation: 1558
Here's an interesting article that just came on line. Fed chairman Bernanke to congress:

Bernanke: economy faces 'numerous difficulties' - Yahoo! News (broken link)
 
Old 07-15-2008, 10:03 AM
 
Location: Portland, OR
164 posts, read 555,563 times
Reputation: 69
Personally, I think the slowdown has everything to do with the Bush administration...but that's my opinion. History will tell who is right on this issue.

As far as the slowdown effecting San Antonio, I don't think it's "hit home" just yet. But I think it will. Prices for homes have finally started to come down - a full year after the bubble burst. I think the only thing that's really hurting people around here right now is gas. Well, that and investment.

I can't believe the Dow dipped below 11,000 today... All of the news organizations have started running stories about not pulling out of investments or retirement accounts, and it's getting hard to tell what's propaganda and what's not.

Less capitalism and more socialism is what we need right now. Flame on.
 
Old 07-15-2008, 10:10 AM
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Location: Ohio
17,107 posts, read 38,123,272 times
Reputation: 14447
Quote:
Originally Posted by Aldeeb1 View Post
I notice the traffic is no longer a big problem on the highways.
Traffic is always lower here once school is out, so this shouldn't be considered an indication of economic problems. It'll bounce back in September.
 
Old 07-15-2008, 10:14 AM
 
Location: Wiesbaden, Germany
13,815 posts, read 29,400,668 times
Reputation: 4025
yes, enjoy the lack of traffic while it's here because it'll be back in a little over a month..
ignoring the rest of the troll attempts at starting a riot..
 
Old 07-15-2008, 10:41 AM
 
Location: San Antonio North
4,147 posts, read 8,004,293 times
Reputation: 1010
Quote:
Originally Posted by manthechange View Post
Personally, I think the slowdown has everything to do with the Bush administration...but that's my opinion. History will tell who is right on this issue.

As far as the slowdown effecting San Antonio, I don't think it's "hit home" just yet. But I think it will. Prices for homes have finally started to come down - a full year after the bubble burst. I think the only thing that's really hurting people around here right now is gas. Well, that and investment.

I can't believe the Dow dipped below 11,000 today... All of the news organizations have started running stories about not pulling out of investments or retirement accounts, and it's getting hard to tell what's propaganda and what's not.

Less capitalism and more socialism is what we need right now. Flame on.
Aww some needs some internet fun. Pathetic but cute.
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