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Kizzume
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Joined: 31 Dec 1969
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Location: Tacoma, WA USA
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 Posted: Wed Jan 09, 2008 3:49 am Post subject: The economy in an unfortunate state.... |
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Here's a google news search for "recession": http://news.google.com/news?hl=en&tab=wn&ned=&ie=UTF-8&ncl=1125985833
Something interesting to note is that about 9/10 of those articles are NOT United States sources, but most of them are dealing with the recent similarities between many economists who believe that things are not looking so good.
It's interesting that even Bush seems to be thinking this way. I guess when things really are going rough, Bush may actually admit it.... kinda...
http://www.nytimes.com/2008/01/08/business/08bush.html?em&ex=1199941200&en=96154c4e4d46b30f&ei=5087%0A
| Quote: | CHICAGO — President Bush, in a marked shift from his usual upbeat economic assessments, conceded here on Monday that the nation faces “economic challenges” due to rising oil prices, the home mortgage crisis and a weakening job market.
“We cannot take growth for granted,” Mr. Bush said in a speech to a group of business leaders in which he acknowledged that “recent economic indicators have become increasingly mixed.”
But even after a government report on Friday that showed unemployment jumped to 5 percent last month from 4.7 percent in November, Mr. Bush stopped short of warning that the nation may be about to enter a recession.
Democrats in Congress and on the campaign trail echoed the president’s sobering view. With a number of analysts now predicting that an economic downturn could be imminent, both Mr. Bush and Congressional Democratic leaders say they are considering whether a rescue package is necessary to counter the threat of a recession, in which economic activity declines and joblessness increases over an extended period of time.
But the two sides would undoubtedly take vastly different approaches, setting up a clash that could dominate the 2008 election campaign and the remainder of the Bush presidency. |
To me, all of these things indicate that something nasty might actually be coming SOON. I was sure hope it was going to take a while, but this isn't looking so good. Many sources have been talking about people selling stocks like crazy, which is going to just escalate the whole situation.
I'm trying very hard not to blame this on Bush, but to cut taxes while spending lots on the war--where they're occurring at the same time--seems a little strange. People losing jobs left and right--that doesn't seem like a good thing--people being on unemployment for long periods of time, long enough to no longer be a statistic--while CEO pay has skyrocketed.
I sure hope it isn't this way, but there are parts of me that still wonder whether the Bush administration might know we're going to hell in a handbasket, and he's making sure he and his friends are enjoying the ride, as well as the mainstream democratic and republican candidates for president. It COULD be a big sick cashout, but that's quite doubtful--it's just a theory, a conspiracy theory.
How do you feel about this? What conspiracies pop through your head? What feasible things pop through your head? Do you think there's going to be a great rebound, and if so, where from?
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jq
Joined: 02 Dec 2007
Posts: 1089
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| Posted: Wed Jan 09, 2008 6:01 pm Post subject: |
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Its too bad they don't listen to me, because on this issue I have all the answers. I know how to fix our economy.....
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jq
Joined: 02 Dec 2007
Posts: 1089
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| Posted: Wed Jan 09, 2008 6:02 pm Post subject: |
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More later.................
............................
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Kizzume
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Joined: 31 Dec 1969
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Location: Tacoma, WA USA
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| Posted: Wed Jan 09, 2008 6:23 pm Post subject: |
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at 11?
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redstaterebel
Joined: 05 Dec 2007
Posts: 128
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| Posted: Thu Jan 10, 2008 4:45 am Post subject: |
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The economy is softening - which happens regularly. Its not recession yet - which we don't want to wait until it is to come up with
a stimulus package to help it be a minor one eg: late 99-01.
Question - would you like to see the Congress propose a stimulus package?
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Kizzume
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Joined: 31 Dec 1969
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| Posted: Thu Jan 10, 2008 10:54 am Post subject: |
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Yes.
They need to do SOMETHING.
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jq
Joined: 02 Dec 2007
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| Posted: Thu Jan 10, 2008 3:08 pm Post subject: |
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I really don't think it has to be this complicated. I really think there are ways our government could fix the economy for the long haul if they were just willing. Here are a few things they could do that I think would give pretty amazing results:
1. Stop spending money! Seriously. We need to stop! RIGHT AWAY. TODAY!
2. Stop printing so much money; the federal reserve won't even tell us anymore how much money they are printing. LEARN FROM ROME. STOP PRINTING MONEY NOW! TODAY!
3. Provide tax incentives to American car companies to increase MPG but also to search for alternative fuels. The oil prices are really what is ruining our economy. FOr example, I garantee you if gas prices were at $1.56/gallon right now, half the national average, our economy would be soaring. But because all the food and clothing etc gets moved by trucks using expensive fuel, the prices on everything are going up and we are feeling massive inflation. We need to use less fuel and find an alternative NOW. No more giving money to Islamic bastard countries. I will go out and say it-- I hate Saudi Arabia. And I wish none of our money was going to them.
4. Cap CEO salaries. I am not suggesting the end of capitalism. I am suggesting just a little bit of regulation. We have a minimum wage. Great. Now let's get a maximum wage. I want CEO salaries capped at $20 million. The rest of the money that would go to a CEO is to be divided up and dispersed between lower-waged employees. Sounds crazy but think abotu it. Think about the guy who got $67 million recently. What if he got only $20 million? Would he be getting a bad deal? Would he no longer be rich? That other 47 million dollars could give 10,000 people a $4,000 bonus, which they would immediately use to pay off credit cards, buy more children's clothing, etc. In short, the money would be recirculated into our economy if it was better dispersed.
That's it. IF we just did these things we would be fine. Biggest problem isn't CEO pay even. It is just that we are giving bastard oil-rich countries all of our money and it is rapidly inflating our economy.
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jq
Joined: 02 Dec 2007
Posts: 1089
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| Posted: Thu Jan 10, 2008 3:15 pm Post subject: |
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| redstaterebel wrote: | The economy is softening - which happens regularly. Its not recession yet - which we don't want to wait until it is to come up with
a stimulus package to help it be a minor one eg: late 99-01.
Question - would you like to see the Congress propose a stimulus package? |
Honestly, if it were up to me RSR, we would immediately go into the mode we went in during WW2, where we start doing all our own manufacturing for everything. If everything we used, including our fuel, was made in the USA, all of our problems would be eliminated.
I am very proud of my accomplishments today. I did a little house shopping. And every single thing I bought today was made in the USA. No joke! Sure, it took me longer than if I just grabbed everything, but I was amazed at my options if I just stood back and analyzed things for a while.
I bought socks. Well, 9/10 of my options were made in honduras, china, pakistan, etc. I spent $1 more than the china socks and $2 less than the pakistan socks and got MADE IN USA.
I bought Clorox wipes. Made in USA. YIPEE!
I bought a floor matt so that I get less dirt on the floor when I come in the house (I am a germophobe.) MADE IN USA. There were some china options, and they were not cheaper.
Latex gloves-- Made in USA.
Now, if I can get sox, tissue wipes, a floor matt and latex gloves made in the USA, why can't everything be made here? Answer is: IT IS. You just have to look for it!
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Kizzume
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Joined: 31 Dec 1969
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Location: Tacoma, WA USA
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| Posted: Thu Jan 10, 2008 3:15 pm Post subject: |
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That was a post I can fully agree with. That was a great post.
Although you need to get more specific about "stop spending money" because that could be interpreted as a libertarian statement. I think I know what you mean though--stop WASTING money is more like it.
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jq
Joined: 02 Dec 2007
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| Posted: Thu Jan 10, 2008 3:30 pm Post subject: |
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| Kizzume wrote: | That was a post I can fully agree with. That was a great post.
Although you need to get more specific about "stop spending money" because that could be interpreted as a libertarian statement. I think I know what you mean though--stop WASTING money is more like it. |
Yeah. That is indeed what I mean. I don't mean get rid of all the firefighters  , I mean quit giving corporations money to leave our country (corporate welfare) and quit fighting endless wars (Like the one in Iraq.)
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Kizzume
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Joined: 31 Dec 1969
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Location: Tacoma, WA USA
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| Posted: Thu Jan 10, 2008 3:31 pm Post subject: |
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Yes--we are in complete aggreance on this. 
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jq
Joined: 02 Dec 2007
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| Posted: Thu Jan 10, 2008 3:40 pm Post subject: |
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Man, Mark has me feeling all fired up and inspired over at OTL. I think I need to settle down! 
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Kizzume
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Joined: 31 Dec 1969
Posts: 2787
Location: Tacoma, WA USA
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| Posted: Thu Jan 10, 2008 5:02 pm Post subject: |
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Yeah, he has been posting really good stuff.
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