posted
I personally think it is going to be pretty bad. Big companies that are cutting jobs are only digging the hole for a bigger downturn. It makes me mad when you see large corporations who have billions in profits lay people off. I understand the corporations in major financial troubles but that is not what is happening!! Its all about greed. No patience for these companies anymore. Just lay people off and if they need to hire down the road lets hire people in at lower wages.
Plus we as Americans are spending more then we earn!! We cannot sustain ourselves. People will have to cut back and that is bad news for anything except for the essentials. Well the Fed will cut rates and save us all!! No this is only driving the value of the dollar lower which makes imports more expenive. Plus you have the housing crash. When does it all end?
Posts: 1394 | From: Ohio | Registered: Mar 2004
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quote:Originally posted by osubucks30: I personally think it is going to be pretty bad. Big companies that are cutting jobs are only digging the hole for a bigger downturn. It makes me mad when you see large corporations who have billions in profits lay people off. I understand the corporations in major financial troubles but that is not what is happening!! Its all about greed. No patience for these companies anymore. Just lay people off and if they need to hire down the road lets hire people in at lower wages.
Plus we as Americans are spending more then we earn!! We cannot sustain ourselves. People will have to cut back and that is bad news for anything except for the essentials. Well the Fed will cut rates and save us all!! No this is only driving the value of the dollar lower which makes imports more expenive. Plus you have the housing crash. When does it all end?
Uhhhhhh mabey where it always does........with the US making revelutionary inventions changing the world...internet, a-bomb, tv, ect....we run chit! Some countries look alright....but they don't have the R&D that the US has!
Posts: 2209 | Registered: Aug 2006
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posted
a few years ago, we moved to one of these big red blotches as part of a redevelopment program.
Nationally, 12.4 percent of residents are considered to be in poverty. �In Poverty� means that a given person falls below the poverty threshold assigned by the U.S. Census Bureau. Please see our chart topic on Poverty for a discussion of poverty thresholds.
Examination of the map shows, however, that this 12.4 percent is a misleading representation of poverty status across the United States. Poverty is considerably more prevalent in the southern states. In a clear majority of counties in the South, the proportion of persons in poverty is higher than the national rate. http://www.censusscope.org/us/map_poverty.html
it's hardly noticable here.... the crime rate is rising some..
i bet in 2010 the map looks quite different.
interestingly, you can see significant correlation between red state voting and poverty.
our drop out rates in high school are astronomical here too...
-------------------- Of the People, by the People and For the People. Posts: 27928 | From: USA | Registered: Sep 2003
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posted
We could build a new manufacturing base by putting together an absolutely all out effort to develop energy sources completely free of petroleum and coal, to start with, then extend that to doing without burning carbon compounds from any source.
But if we continue to procrastinate, it will happen in India or China or Russia and we'll be buying the necessary equipment and know how from them.
Global warming is a fact and it is time to tell the republican far right-wingers and the believers in the strictness of the bible to shut up and get to doing something about it. They share in our responsibilities in this world and ignoring it isn't responsible.
Let's be the leader of the world again, both technologically and manufacturing wise.
Posts: 10354 | From: Fort Worth, Texas | Registered: Mar 2005
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The fourth paragraph tells it all: Workers' wages failed to keep up with the higher inflation. Average weekly earnings, after adjusting for inflation, dropped by 0.9 percent in 2007, the fourth decline in the past five years. The lagging wage gains are cited as a chief reason many workers have growing anxiety about their economic futures.
Posts: 1394 | From: Ohio | Registered: Mar 2004
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posted
Thats just what Carter wanted to do. And people laughed at him.
The supporters of Reagan had a real field day with poor Carter who was right about almost everthing he said about the near future
Global warming increased at a 75% higher rate in 2007 than 2006 I am with you bdgee rebuild now and just for get about free trade every dollar that is allowed to leave now will be to hard to keep in 5 years.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I mean that the artic ice cap melted at a 75% higher rate heard it on the news this morning
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Global warming is a fact and it is time to tell the republican far right-wingers and the believers in the strictness of the bible to shut up and get to doing something about it.
Got out the "extra wide" paint brush today huh bdg.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2638 | From: MN | Registered: Feb 2006
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posted
I do think we are headed for a recession, umpy then full scale arrival. My gut says 2 4 yers then an improved economy. Some deadwood will not make it. I think innovation in alternate energy - solar and maybe others, and info technolgy -will pull us out.
That is the upsaide. The downside maybe iran war can get us out if it comes to be a war for american survival...
Posts: 771 | Registered: Jun 2004
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quote:Originally posted by bdgee: We could build a new manufacturing base by putting together an absolutely all out effort to develop energy sources completely free of petroleum and coal, to start with, then extend that to doing without burning carbon compounds from any source.
But if we continue to procrastinate, it will happen in India or China or Russia and we'll be buying the necessary equipment and know how from them.
Global warming is a fact and it is time to tell the republican far right-wingers and the believers in the strictness of the bible to shut up and get to doing something about it. They share in our responsibilities in this world and ignoring it isn't responsible.
Let's be the leader of the world again, both technologically and manufacturing wise.
Well when Obama becomes President (which I think is probably going to happen)all you left wingers can pressure him into other sources of energy.
The Dem's will have the power in congress and a Dem president. I personally think it will be business as usual but I guess you can dream.
-------------------- Let's Go METS!!! Posts: 2025 | From: CT | Registered: Dec 2006
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posted
I like the way the stock market plays out today. The head line story is that inflation is the worst in 17 years and the stock market is up most of day.
The stock market is not a true indicator of how the economy is doing as many politicians and others would like us to believe.
I wonder when we will see 40 and 50 year loans to try and help people qualify for homes. I do not think lowering the interest rate will qualify enough people to help the sagging housing market.
Posts: 2619 | From: ca. | Registered: Jul 2005
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Global warming is a fact and it is time to tell the republican far right-wingers and the believers in the strictness of the bible to shut up and get to doing something about it.
Got out the "extra wide" paint brush today huh bdg.
No, a particularly narrow paintbrush that is more than adequate to span breadth the narrow minded by option.
Posts: 10354 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by bdgee: We could build a new manufacturing base by putting together an absolutely all out effort to develop energy sources completely free of petroleum and coal, to start with, then extend that to doing without burning carbon compounds from any source.
But if we continue to procrastinate, it will happen in India or China or Russia and we'll be buying the necessary equipment and know how from them.
Global warming is a fact and it is time to tell the republican far right-wingers and the believers in the strictness of the bible to shut up and get to doing something about it. They share in our responsibilities in this world and ignoring it isn't responsible.
Let's be the leader of the world again, both technologically and manufacturing wise.
Well when Obama becomes President (which I think is probably going to happen)all you left wingers can pressure him into other sources of energy.
The Dem's will have the power in congress and a Dem president. I personally think it will be business as usual but I guess you can dream.
I don't feel so certain that Obama will win. Whoever it will be will not be dubya and that is a gift from Heaven.
It doesn't look like any republican stands much of a chance, because the Party and dubya have been only one for all these years of abuse of the Constitution, so I believe a democrat is inevitable. Whoever, global warming is not a question or a joke and cannot be ignored any longer. Republicans other than the extreme far right are saying that too, finally.
Posts: 10354 | From: Fort Worth, Texas | Registered: Mar 2005
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You must be out of the loop. The left is not calling it "global warming" anymore. The left is calling it "climate change" so that any temperature change, up or down, can be reason for doom and gloom.
You have this backward mindset. It isn't correct that, just because someone points out the misinformation you spew out in order to try justifying your nastiness, that makes them be of the left. Sorry to have to explain this to you, but I'm one of those pickup driving good ol' boys with a gun rack across the rear window and I'm ready to whack off your arm above the elbow if you try to take my guns. You confuse being rigidly devoted to the Constitution as it is rather than championing trying to amend it into "God's law" and abhorring the dishonesty and hatred of the right-wing evangelical republican extreme with being leftist or liberal. Politically, you are simple minded, at best.
Also, I think it is you that isn't quite in the loop, as it is a lot of hooee that the term "global warming" has been abandoned......by anyone. You need to pay attention to sources other than Ann Coulter and Rush Limbaugh and think about learning something other than political BS.
Get real!
Posts: 10354 | From: Fort Worth, Texas | Registered: Mar 2005
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Some environmentalists have started using term 'climate change' because they feel it gives a more accurate description of what is to happen in the global climate and because guys like you were always saying..."gee...we had snow today...so much for global warming!" LOL
Do you understand that by the time we have the physical evidence that can be shoved in front of your eyes ecosystems will already be severely damaged?
Anyway,
This thread is about recession and I gotta say that is one thing my governor (PAW-lenty) and I agree on. This recession is on and we will be taking it on the chin for a few years.
If we do not learn to follow the fiscal responsibility that every worthwhile financial representative preaches to their clients every day then we are looking at the end of the last world superpower.
-------------------- Obamabots...Transform! Posts: 4108 | From: Up North | Registered: Dec 2005
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posted
It's to bad our representatives do not read this board then they could have had some insight to where the economy was going many many months ago.(or years)
Instead they have to wait until we are bleeding heavily then call emergency sessions to try and figure out how to stop the bleeding.
Unfortunately the only time these guys move is when it hits them and their buddies pocket books, as has been stated many times before on this board.
We still need many more down days of the stock market for this to sink in the congressman and senators heads. They thought they were safe figuring that this type of economy only effects the middle and lower class people. They might have to take a bigger write-off this year.
The worst thing is we have destroyed so many businesses in the last five years because of our economic policies. The only time these guys care is when the stock market is down.
A lot of people thought they were safe with their money if they invested in foreign markets and companies... welcome to reality.
Posts: 2619 | From: ca. | Registered: Jul 2005
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posted
Members of Congress have the finest of health care guaranteed to them (and their dependents) for life and, essentially, more than financial stability, too. They have no concept of what it is like to have to consider not paying the rent in order to pay for a sick daughters trip to the emergency room or having to choose between paying for your heart prescription or buying food with your last 50 dollar bill 'til the next SS check in three weeks.
Posts: 10354 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
There is a bright side to the economy and the made in USA. If anyone saw the recent Barrett-Jackson auction of cars and a few other things.
88 million in sales consisting mostly of classic cars but there were some choice later model cars also.
One thing is for sure it does not hurt to have a car with the Shelby sticker on it. That's what the made in USA should represent.
The down side was there were more foreign investors this year because of our weaker dollar. That means more of these beauties are leaving where they were born and belong in the USA.
Posts: 2619 | From: ca. | Registered: Jul 2005
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posted
Oils out of control and food inflation is nuts!! How much more can the consumer take??
Posts: 1394 | From: Ohio | Registered: Mar 2004
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