It's Like Watching A Train Wreck In Slow Motion From The Beginning
12-03-2008, 01:52 PM
#2
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I love how many different views there are on what needs to be done for our economy. all this talk and nobody taking action. I really don't know who is right or wrong if there is even a right or wrong to fix this situation.
you are right though, it's a huge train wreck... Ricky Bobby must have been driving it.
I think the beggers have it right so I'm gonna start standing on a street corner holding a sign "spare change for our economy"
while dressed like a homeless uncle sam with a "I want yo' change" shirt on.
I could probably even pimp "if you love your country, gimme a guarter"
Then use the proceeds to pay for fuel cost for the delivery of food all over america because my grocery bill is now higher than my gas bill. I can sure fill up my tank to go to work now but I sure am hungry while I am working.
you are right though, it's a huge train wreck... Ricky Bobby must have been driving it.
I think the beggers have it right so I'm gonna start standing on a street corner holding a sign "spare change for our economy"
while dressed like a homeless uncle sam with a "I want yo' change" shirt on.
I could probably even pimp "if you love your country, gimme a guarter"
Then use the proceeds to pay for fuel cost for the delivery of food all over america because my grocery bill is now higher than my gas bill. I can sure fill up my tank to go to work now but I sure am hungry while I am working.
12-03-2008, 02:05 PM
#3
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Just remember, it's all Bush's fault.
BTW, why hasn't the messiah fixed this yet?
BTW, why hasn't the messiah fixed this yet?
12-03-2008, 02:11 PM
#4
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x2 on bush's fault, if by Bush you mean the leftist wing of the Democrat party that blocked all the reforms he tried to get through in the last 8 years. I sure hope W doesn't win the next election laugh.gif
Food prices: falling soon to a grocery store near you. Falling fuel and commodity prices, including animal feed, have yet to work their way through the systems.
Handouts: only make you feel good. Well ok, there are some big winners from the bailouts. Bankers, mostly, and executive officers of companies.
My favorite: the "economic stimulus" check we all got, apparently was mostly spent on online porn subscriptions. The online "adult entertainment" industry revenues went up by about 1/3, at a time of year they usually lost some ground. The next "economic stimulus" check(s) will be benefitting: gun and ammunition industry, credit card bankers, and probably porn again.
Food prices: falling soon to a grocery store near you. Falling fuel and commodity prices, including animal feed, have yet to work their way through the systems.
Handouts: only make you feel good. Well ok, there are some big winners from the bailouts. Bankers, mostly, and executive officers of companies.
My favorite: the "economic stimulus" check we all got, apparently was mostly spent on online porn subscriptions. The online "adult entertainment" industry revenues went up by about 1/3, at a time of year they usually lost some ground. The next "economic stimulus" check(s) will be benefitting: gun and ammunition industry, credit card bankers, and probably porn again.
12-03-2008, 03:17 PM
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QUOTE (Stocker @ Dec 3 2008, 02:20 PM)
Having just written a research paper about Bernanke, I know that he's actually written and spoken extensively on the Great Depression, so if anyone would know what the great depression looked like, it'd be him. and as a choice for the Fed, it may be the best thing bush ever did. Greenspan got us where we did with his surplus economy and trickle down economics. what a tard.
12-03-2008, 03:35 PM
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QUOTE
I love how many different views there are on what needs to be done for our economy. all this talk and nobody taking action. I really don't know who is right or wrong if there is even a right or wrong to fix this situation.
good to see you back man. good way to sum it up.
12-03-2008, 03:55 PM
#7
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^ except not, both of you.
Fractional reserve lending and too-easy credit are at the root of this problem and Bernanke and Greenspan apparently only learned how to make depressions worse when they studied the Great Depression. If you want to read the words of someone who actually DOES know what they are talking about go here.
As far as not doing anything, people ARE doing things. The Fed is trying as hard as they can to screw us and our grandchildren with an additional $8.5T in debt. The Bush administration is hammering the banks for not lending. Companies are selling off and laying off to get back to a reasonable/sustainable balance sheet. The banks are going back to not lending to people who won't pay back, and charging interest in line with current risk/reward evaluations. The People are generally not spending any money they don't have to, because their home values have collapsed - people were spending home equity money, having charged all they could on credit cards, and now there is no more cheap credit laying about. What happens when nobody wants to borrow money at interest and nobody has cash to spend?
A recession. That started at least a year ago. A return to sane lending practices in a time when there is massive overcapacity in pretty much every sector is contributing to a depression.
Fractional reserve lending and too-easy credit are at the root of this problem and Bernanke and Greenspan apparently only learned how to make depressions worse when they studied the Great Depression. If you want to read the words of someone who actually DOES know what they are talking about go here.
As far as not doing anything, people ARE doing things. The Fed is trying as hard as they can to screw us and our grandchildren with an additional $8.5T in debt. The Bush administration is hammering the banks for not lending. Companies are selling off and laying off to get back to a reasonable/sustainable balance sheet. The banks are going back to not lending to people who won't pay back, and charging interest in line with current risk/reward evaluations. The People are generally not spending any money they don't have to, because their home values have collapsed - people were spending home equity money, having charged all they could on credit cards, and now there is no more cheap credit laying about. What happens when nobody wants to borrow money at interest and nobody has cash to spend?
A recession. That started at least a year ago. A return to sane lending practices in a time when there is massive overcapacity in pretty much every sector is contributing to a depression.
12-04-2008, 09:55 AM
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My stimulus check went to the brass pole that I had installed in my living room because I cant afford to go to the strip bars any more. It helps out with my savings plan, my wife gets all the dollar bills now. oh wait, nothings changed then, she has always taken my money.
12-04-2008, 11:18 AM
#9
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Thread Starter
Reminds me of an old country song
I'm going to hire a wino
to decorate our home
then you'll feel more at ease here
and you won't need to roam
we'll take out the dining room table
and put a bar along that wall
...
etc.
I'm going to hire a wino
to decorate our home
then you'll feel more at ease here
and you won't need to roam
we'll take out the dining room table
and put a bar along that wall
...
etc.
12-04-2008, 11:34 AM
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QUOTE (Stocker @ Dec 3 2008, 05:55 PM)
^ except not, both of you.
Fractional reserve lending and too-easy credit are at the root of this problem and Bernanke and Greenspan apparently only learned how to make depressions worse when they studied the Great Depression. If you want to read the words of someone who actually DOES know what they are talking about go here.
As far as not doing anything, people ARE doing things. The Fed is trying as hard as they can to screw us and our grandchildren with an additional $8.5T in debt. The Bush administration is hammering the banks for not lending. Companies are selling off and laying off to get back to a reasonable/sustainable balance sheet. The banks are going back to not lending to people who won't pay back, and charging interest in line with current risk/reward evaluations. The People are generally not spending any money they don't have to, because their home values have collapsed - people were spending home equity money, having charged all they could on credit cards, and now there is no more cheap credit laying about. What happens when nobody wants to borrow money at interest and nobody has cash to spend?
A recession. That started at least a year ago. A return to sane lending practices in a time when there is massive overcapacity in pretty much every sector is contributing to a depression.
Fractional reserve lending and too-easy credit are at the root of this problem and Bernanke and Greenspan apparently only learned how to make depressions worse when they studied the Great Depression. If you want to read the words of someone who actually DOES know what they are talking about go here.
As far as not doing anything, people ARE doing things. The Fed is trying as hard as they can to screw us and our grandchildren with an additional $8.5T in debt. The Bush administration is hammering the banks for not lending. Companies are selling off and laying off to get back to a reasonable/sustainable balance sheet. The banks are going back to not lending to people who won't pay back, and charging interest in line with current risk/reward evaluations. The People are generally not spending any money they don't have to, because their home values have collapsed - people were spending home equity money, having charged all they could on credit cards, and now there is no more cheap credit laying about. What happens when nobody wants to borrow money at interest and nobody has cash to spend?
A recession. That started at least a year ago. A return to sane lending practices in a time when there is massive overcapacity in pretty much every sector is contributing to a depression.
unfortunately, our American Dollar is on no standard at the moment, so its value is based on how much people think its worth, and that can be controlled by the fed ONLY by lending from the central banks.
bailout plan: total crap. all its doing is devaluing the dollar and giving a bunch of executives fake money to buy hookers.
the SEC has been fighting the possibility of something like this happening for years, trying to pass a law that wouldn't allow corporations to purchase or sell material items for less than standard value. America just gave away MONEY for way less than its material value.
Bernanke is between a rock and a hard pace: with the removal of the silver standard, trickle down economics, and the fact that the housing bubble is still trying to finish its burst, he's attempting to minimize the misery index by decreasing prime interest rates and minimizing fear. I wouldn't wanna be Bernanke.
i say let the big 3 burn, let wal mart rise from the ashes the only corporate superpower, and let small business and corporations take America by storm again thanks to Obama's new economic plans (I hope) joke.gif