[quote]FightinIrish26 wrote:
bald eagle wrote:
FightinIrish26 wrote:
PRCalDude wrote:
FightinIrish26 wrote:
She may be a bitch, but she’s right.
Worst years since the early 70s.
This is a pretty bold statement.
Even with our current “recession,” we’re still experiencing great economic growth, low unemployment, low tax rates compared to then, and much lower inflation then the 70s.
As much as I disagree with the “invade the world/invite the world” philosophy, economically we’re doing very well and better than the 70s.
I have read that… I didn’t say that we were worse off right now, but it’s a time that’s comparable. And we’re not sure how deep this will go, either- it’s not as bad right now, but several things make me think that this could get much worse, namely the Fannie/Freddie shit.
We’re caught in an expensive war with a third world country that never seems to make progress, our economy is hurting like hell, three quarters of the world hates us… we more or less have to unfuck what our glorious leader has done in the last decade now.
You are right - it is all over. Give me a break - you are just another one of those whiners. Recessions are a natural occurrence - remember 2000? The Nasdaq lost half of its value in Clinton’s last yr. The dot com bubble - earnings restatements.
World Com, Enron, Adelphia and others ring a bell? 9/11? Business rises and falls and rises again. Every time there is some trouble we want the Federal Gov to waive their magic wand and make everything ok. There is only so much the fed can do.
Some sectors are hurting, others are flourishing. GM and Ford are screwed up - but Toyota and Honda are making money by the bucket fulls. And they are building cars right here in America. Times do get tough for some - but it is not the end.
The President is not responsible for greedy lenders and he is not resoonsible for people who signed on for mortgages they could not afford. It is called personal responsbility. No lender ever talked me into something I could not pay for.
Personal responsibility. Something we need more of.
What whiners? What’s all over? What the fuck are you talking about? You been drinkin?
Hey douchebag, don’t talk down to me like I don’t understand the economy. But besides that, I never said it was the end of the world, or whatever the hell else you said. I’m saying that these are lean times, and unless you live in an ivory tower, then I’m sure your ass is feeling it too.
What I am saying is that being involved in a massive foreign war in the cradle of the oil producing world was not a good idea, and has influenced our current political and economic situaion. It’s going to take a lot to unfuck all the ridiculousness that the man did, and restoring our reputation among the world is just as important as restoring the faltering economy.[/quote]
Your last sentence sums you up pretty well. “Our reputation among the world” - most of the free world is free because Americans are still simply breathing. Making them like us more will mean being willing to fight about as much as they are - basically never. As far as the economy it will basically take care of itself over time - as always. The Fed can tinker here and there with rates, etc. but inventories (housing) must come down for the real estate to rebound. Banks must reassure investors about the health of their loans. I know Obama does not have a freaking clue about what to do. Raise taxes on the top earners? Are you kidding me?? This creates jobs how? Oil wind fall profits? How much? Worked real well for Jimmy Carter.
By the way, can’t you understand that the dems like Nancy want us to lose in Iraq. Remember Harry Reid - “this war is lost.” They saw success in Iraq as bad news for them. How pathetic they would root against their own country. I guess this explains why they are so worried about what the Europeans think of us.
To act like Bush has screwed everything up is ridiculous. As if he made all those risky loans.