Is the economy turning?
- Thread starter sledskiing
- Start date
I work for the Railroad. Done so for 19 years. (started right out of highschool) When things start picking up we see it before you hear about it. Sorry, it's getting worse. The company called back some laid off guys for a few weeks when we were seeing some signs of life. They are all gone again and it went deeper this time. I want things to turn around (duh) but, the right way. Let the resession run it's natural course. Then we can have a real recovery that does not bankrupt our country.
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H2SNOW
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Is the economy turning?
yup turning to sh1t ..thank fawk you pricks let Obama in so that he could fawk up the rest of the planet too ...did you know that this commi prick is trying to shut down Fort Mac ..ok you guys allowed him to get voted in because there wasn't enough hillbilly republicans that day to get off their lazy assess, now we got to deal with the bull$hit too
I told you guys for 10 months that this bag of sh1t was going to kill the world ..now its happening ....somebody snipe this basterd
I have lost 6 loads a month because people are tooooo scared to part with their cash !!!!!!!!!!
yup turning to sh1t ..thank fawk you pricks let Obama in so that he could fawk up the rest of the planet too ...did you know that this commi prick is trying to shut down Fort Mac ..ok you guys allowed him to get voted in because there wasn't enough hillbilly republicans that day to get off their lazy assess, now we got to deal with the bull$hit too
I told you guys for 10 months that this bag of sh1t was going to kill the world ..now its happening ....somebody snipe this basterd
I have lost 6 loads a month because people are tooooo scared to part with their cash !!!!!!!!!!
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Wolfrun
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Right on Ollie, Odumbo was able to buy the election but not doing so well trying to buy the economy and friendships around the world.
Wasn't TART started by Bush? I though he created that program? Anyways, there have been no bailouts, just loans. I see this as an opportunity for the country to keep some jobs / companies here, and make some money also.
I agree that our focus should be on Afghanistan... As far as the CEO and compensation.. there is a lot of you scratch my back and I will scratch yours. I would like to see some data on the amount of CEO's and other higher ups that are on boards of others.. I think it is a pretty connected system of people at the top. They seem to be impenetrable from a loss stand point, while the common man always gets screwed.
All the spending now is a drop in the bucket compared to the costs this country is going to face in the next 10 - 20 -30 years. We will be killed by health care costs and social security...
Obama is the only one that seems to take this issue seriously.... Like most recessions, you have to spend to get things going again.. happened the last time and happened this time too....
As far as the rest, all I know is that a monkey deregulating things is not the solution... like Enron, like financial derivatives...
Hoped for? nah, but kind of what I expected...... Plus it has only been what like 4 months. I will judge at the end, like in 7.5 years?
Here is a question. Do you think that the stories/information about the topics in the media ( and fox news ..lol.) show the complete complexity of the issue? I see a lot of black and white arguments and over simplifications being made for the sake of argument, but the world is not that simple. We have become a very interconnected society.. In studing dynamics, the more interconnected and reliant on the interconnections a system becomes, the more easily it is to take the whole system down. Just like our electrical grid....
I am still waiting for him to start heaviliy prosecuting businesses that hire illegals, versus only prosecuting the illegals themselves.
If you want to debate these issues, best start a new thread..
IMO, It all boils down to consumer confidence. It’s either, we’re scared of losing our jobs, we are just naturally tight azzes waiting for rates to go down OR just plain scared of our government and what they are going to do. The point is, until you start letting go of a little of that nest egg or your fear money, we will continue on this path for awhile.
The bigger question in all of this, Is the amount of spending that has gone on in the last 3-5 years sustainable? Seems most people have built a house of cards that came down with their house. I think it is good for people to spend less, and save more. I think right now the average amount of savings on a per capita basis is negative. The way to turn that around is to spend less money and save more. This has a negative effect on the economy (taking money out of the system), but it is my belief that we were at an over inflated point to begin with.
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snowmobiler
Well-known member
pipe dream? Is that what happens when you get hit in the head with a pipe?
no.thats when you smoke a bowl and think spending less and saving more is a good thing for america right now.
Isn't that what you want the government to do? hmmm.....
So you think we can spend our way out of a recession?
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Ollie
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Stand back now.
Are ya ready??
Sure?!?!
I AGREE 100% WITH THE ABOVE STATEMENT.
Heres the problem though.
Obama and the politicians in washington seem to think it is there job to spend all the money we are trying to save.
THey seem to think it is their job to spend our way out.
If they spend the money anyway, how is it helping the economy??
How is us saving money (or trying to save money) helping us, if Obama is just spending it anyway and will raise our taxes to make up the difference??
How is the economy going to correct and rightsize itself if Obama keeps artificially pumping it up??
At what point does Washingtons house of cards come tumbling down and take all of us with it??
That is what I have been saying for 3 months. You can't spend your way out. You have to let the economy correct itself and let those companies that are in bad shape FAIL.
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Ollie
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Actually spending less and saving more is good for america right now.
Too many people live paycheck to paycheck. No one saves anymore because they expect Big Daddy Government to save them in a financial crisis.
It's time for people to plan for their own future.
It's time for people to take responcibility for their lousy financial cituations.
Save money.
You don't need a brand new fancy 40k truck.
Fix the one you have and save 30k.
You don't need the 500k house.
Learn to live a little more within our means and we wouldn't be in the mess we are in right now.
People got too far over backward.
They were living off their credit cards. Bought houses and cars to keep up with the jones.
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Ollie
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Oh, and Ruffy.
Tarp was started by Bush to BUY UP TROUBLED ASSETS.
Obama and company haven't done that. They shifted the whole program to allow them to bail out everything in creation including GM.
Had the money been used as it was intended though, Obama and crew wouldn't have had the justification for the aditional 1.5 TRILLION he wanted to waist.
Tarp was started by Bush to BUY UP TROUBLED ASSETS.
Obama and company haven't done that. They shifted the whole program to allow them to bail out everything in creation including GM.
Had the money been used as it was intended though, Obama and crew wouldn't have had the justification for the aditional 1.5 TRILLION he wanted to waist.
I see it turning furthur down not up. Unemployment is still going up. The people who are working seem to have less money, some due to saving some, some due to droping income. Nobody is spending on anything except ammo, gasoline, beer and cigarettes. This year will take down the states that were not hit hard last year. Oil gas and coal states will be going downt the tubes this year and farming states are also going down with the low prices of crops and all other commodities. Add some high inflation and high interest rates in a year or so when things do start to come around to kick things back down. Once inflation kicks in, oil will go way back up because even more of our US industry will be dismantled so we will be even more dependent on imports. It will not be an oil shortage it will be a value of the dollar loss so to by oversees oil it will take more dollars. In resoponse the dems will make us all drive go-carts and pay additional taxes on larger houses etc.......
Hate to be negative but I see no good
Hate to be negative but I see no good
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H2SNOW
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snowmobiler
Well-known member
or spend,spend,spend and buy that new house.that puts a 100 people to work,they spend money,they buy crap,houses ect,businesses boom again,unemployment drops and h2snow can hammer down the hiway and rake in big bucks again.
That is exactly what the govt is trying to do with the stimulus...
From rcp.com
But confidence talk can backfire if actual, rather than virtual, growth in employment and output doesn't materialize. Herbert Hoover found that out after the Crash of 1929. So did Ronald Reagan in his first two years in office, when his and his aides' "rosy scenarios" about an imminent economic revival were ridiculed. Reagan's approval went from 73 percent in March 1981 to 42 percent the next year, when unemployment rate rose to nearly 11 percent. His popularity and his party's standing only began to recover when the economy did in late 1983.
There is reason to be worried that we're still a long way from seeing growth rather than slower decline. Much of a recovery will rest on a growth in consumer demand, but the most recent figures show a 0.4 percent decline in retail spending from March to April--and an 11.4 percent decline from the previous April. That's not the stuff of growth
But confidence talk can backfire if actual, rather than virtual, growth in employment and output doesn't materialize. Herbert Hoover found that out after the Crash of 1929. So did Ronald Reagan in his first two years in office, when his and his aides' "rosy scenarios" about an imminent economic revival were ridiculed. Reagan's approval went from 73 percent in March 1981 to 42 percent the next year, when unemployment rate rose to nearly 11 percent. His popularity and his party's standing only began to recover when the economy did in late 1983.
There is reason to be worried that we're still a long way from seeing growth rather than slower decline. Much of a recovery will rest on a growth in consumer demand, but the most recent figures show a 0.4 percent decline in retail spending from March to April--and an 11.4 percent decline from the previous April. That's not the stuff of growth
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Super B
Well-known member
Sounds great on paper, but how is the government going to pay back the stimulus debt?
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Ollie
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That ONLY works IF you have the capital to do it.
Too many people are buying just to own something shiny and new.
The housing market is in trouble because it was used to pump up the economy. Guess what?
You can only pump something up so far before it explodes.
Doing what you stated is what got us INTO this mess. Too many people buying things they couldn't afford, but they could get credit for it because the banks were just as greedy and stupid as the people buying the stuff.
Doesn't do any good to go out and buy the nice new custom home if you are just going to default on the loan. That puts those same workers out of work. We have SO many homes on the market right now it will take 10 - 15 years to absorb them all.
People have GOT to step back and re-evaluate what is important.
I can't tell you how many people I know that are in HUGE trouble because they did just what you said. They spent, they bought, they went in debt. One parent loses his/her job and their DONE. SO now they defaulted on homes, cars, bikes, boats, you name it.
It is time to save. It is time to STOP looking for big daddy to save us and start taking responcibility for the financial mess we are in. You don't do that by continuing to do what we did in the past.
Definition of stupid = doing the exact same things and expecting a different result.
We did this in the 70's, CRASH.
We did this in the 90's, CRASH.
What is it going to take to wake people up.
Credit is NOT supposed to be something you LIVE on.
