Well, at least you're being "perfectly clear"...
This is a discussion on U.S. Economy is getting better. within the Off Topic & Humor Discussion forums, part of the The Back Porch category; The administration News channels say the economy is getting better. The experts say that the U.S. Economy is not in a horrific hyper speed free ...
The administration News channels say the economy is getting better.
The experts say that the U.S. Economy is not in a horrific hyper speed free fall death spiral.
It's now in a scary circular rapid fatal descent.
Don't you feel so much better now.
This is my first try at being a press secretary
I was bored , what can I say.
Well, at least you're being "perfectly clear"...
Proverbs 27:12 says: “The prudent see danger and take refuge, but the simple keep going and suffer for it.”
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so instead of just being flushed and getting it over with and starting over with a clean slate(real value for value trade), we're stagnating in a cesspool...Great
Could you please start the ball rolling and pass the Charmin to your economic advisers and the fed chairman? Hopefully by the time the hot potato reaches your boss he might decide it's time to flush.
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If you want to get the straight skinny on what is going to happen in the next 5 years, listen to Glenn Beck; he has been right on the money as far as the economy goes, and things will turn in the near future; just the fact that the US Govt is printing more money and incurring horrendous debts/deficits insures that this will happen.....Maybe not a death spiral, but things are not going to truly turn around anytime soon. Someday, sometime the creditors are going to come calling, and that will be our day of reckoning.
"Guard with jealous attention the public liberty. Suspect everyone who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are inevitably ruined". - Patrick Henry
I read Market Ticker just before coming here:
The Market Ticker
He figures there's a second wave of mortgage defaults coming, this time with businesses due to a funny way they write their lease contracts (essentially as loans, if I'm understanding correctly). He says the second wave is going to be worse.
Glenn Beck gets the big picture. So do I and it's not good.
In reality, life will go on as usual. We will probably see moderate inflation due to the influx of printed money. And higher taxes because of liberals. The redistribution of wealth, however, is not new, The progressive tax structure has been taking from the productive and giving it to the takes since the beginning of the last century.
The result of current economic policy will be the same as it has been. No matter how much the liberals try to help the lazy, unproductive and drug addicted poor they will suffr most in every economic downturn. Just as LBJ's Great Society was an abysmal failure, any attempt to prop up the most worthless among us is doomed to failure. Meanwhile, though taxes are projected to be among the highest in the entire world, those of us who work, own businesses, and continue to strive for being successful will be the winners. And the poor will become poorer because that is what socialist societies create.
When people have no incentive they will cling to dependency. Still, some of us are not satisfied with that and will succeed despite whatever policies are enacted. The policies designed to make us all equal will do just the opposite. It will further the divide between those who succeed and those satisfied with what the government gives them.
Liberal policies are designed to keep poor people poor.
Breif, clear, consice, and factual. What else does a reporter need? Oh that's right, they aren't reporters anymore. They are "Journalists". I thought "Journalist" was someone who wrote their thoughts in a diary or some place private. Todays "journalists" certainly don't keep their thoughts private, do they?
This administration has a support group of propaganda specialists that would make any Communist,Marxist,Socialist and most liberals that ever lived throughout history quite proud.
The only people that believe the crap that they put out are the stupid ones. The ones putting it out know better, the people that are doing well know better and the uneducated cannon fodder types that continue to exist from government handouts as well as any fool that thinks the news media has their best interests at heart are the only ones that really pay attention to that stuff.
I'm really weary of their lies, propaganda and misinformation to the point that I don't even watch TV anymore and I sure don't listen to the crap that they call news. When the big news stations eventually go extinct because the Internet and technology advances render them obsolete, I am going to throw a wild party.
Universal Background Checks...the next step towards registration and confiscation.
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I actually wrote the OP because I heard one of the socalled specialist saying that the economy is getting better that it is not a vertical drop now, He said that it curves alittle now towards the bottom.
What's worse ? the idiots selling the lies or the idiots believeing them.
Commercial real estate is typically a loan with a 5 or 10 year term with a balloon payment at the end. Last I heard, almost NO commercial loans are being made. The defaults of these mortgages is what is being referred to.
The Fed has essentially made up a bunch of money out of thin air and gave it to the banks to increase their reserves. This money has to be taken back out of the economy at some point. Too early, and lending stops. Too late, rampant inflation. Theoretically there is a way to do it but NO ONE has ever been successful doing it. (Pulling it back results in higher interest rates and kills growth.)
An enemy of liberty is no friend of mine. I do not owe respect to anyone who would enslave me by government force, nor is it wise for such a person to expect it. -- Isaiah Amberay
Yup. Or, at least, thinking they are poor.Liberal policies are designed to keep poor people poor.
Most of our poor would be better off than the middle class in most other countries if the poor here made sensible use of the resources available to them. (I know, I are one of those that's supposed to be "poor".)
Last projections I heard were like this :
It "was" projected to last 2-3 yrs, however... with the stimulus package it's now projected to last 3-5 yrs due to the National debt, and if the healthcare passes... it's projected to last 5-8 yrs.
People won't be buying, taking out loans, and helping the National GNP, if they are paying the money in taxes to pay for all of this. Bottom line.
The economy is getting better.
The Phoenix area only lost 135,000 jobs last year as compared to 2007 when Phoenix area lost 165,000jobs.
Don't you feel better now??