Comments on: U.S. Economy Slows To A Crawl
Weak First-Quarter Growth Rate Reflects Housing And Credit Woes
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- [The economy is in the tank not because of bush but because of the housing crunch and credit crisis. I really wish you''''''''d people take an economics course. You are talking out of your behinds.]
[Posted by mudrose at 04:55 PM : Apr 30, 2008]
so are you. the deflated dollar has little to do with the housing crunch or credit crisis. most of the increase in the cost of a barrel of oil is due to the falling value of the dollar.
the bushies are using a ''debt based model'' for paying for things ... instead of a ''income based model''. continuing to lower interest rates ... pumping more dollars into the economy is a fast track to create an unsustainable imbalance between income and assets ... as wages fall (lower income jobs) this gap increases ... until ... a reconciliaton where these align again (via recession/depression or sudden dollar devaluation).
he can always claim he didn''t understand ... and nobody would disagree ... but that doesn''t make it not his problem to address. - Reply to this comment
- From the peanut gallery, a LOT of people are increasingly hesitant to even get a loan to go into sciences, maths, or IT. Why? Because it''s all being offshored, there''s no "profit" much less means to save, nor means to pay back the loans efficiently on top of the cost of living. $80k to get a Bachelors degree for a job that pays... $12 per hour.
Our system is choking itself. Will anybody look at the core reasons and see what can be turned around?
Oh. The last I looked into education; an Associates Degree was $40k. (Such jobs requiring one pay $30k, and many are being offshored anyway.) For the sake of crude estimation, I guessed a Bachelors degree is $80k.
People understand loans, but we also see "Return on Investment" the same way corporations do when eyeballing other countries for "cheap" labor, that gives them wages they can live on and prosper to. Those same wages can''t even let ONE individual live in this country.
Please correct me if I''m wrong. - Reply to this comment
- I did''''t say the economy was in the tank or mention a cause. If you will take an economics course you will find massive deposite spending always leads to inflation, always has always will.
Posted by dinkydog1
What''s massive deposite spending? - Reply to this comment
- The latest rate cut will only cause the dollar to lose even more value and increase inflation, the end result of of Bush''''''''s runaway spending.
Posted by dinkydog1
The economy is in the tank not because of bush but because of the housing crunch and credit crisis. I really wish you''''d people take an economics course. You are talking out of your behinds.
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Posted by mudrose at 04:55 PM : Apr 30, 2008
+ report abuse
............
I did''t say the economy was in the tank or mention a cause. If you will take an economics course you will find massive deposite spending always leads to inflation, always has always will. - Reply to this comment
- The latest rate cut will only cause the dollar to lose even more value and increase inflation, the end result of of Bush''''s runaway spending.
Posted by dinkydog1
The economy is in the tank not because of bush but because of the housing crunch and credit crisis. I really wish you''d people take an economics course. You are talking out of your behinds. - Reply to this comment
- The latest rate cut will only cause the dollar to lose even more value and increase inflation, the end result of of Bush''s runaway spending.
- Reply to this comment
- Posted by lastdance116
The truth always sucks for a habitual liar. :^)
Posted by FloydZepp - Reply to this comment
- how can a president stand at a press conf- and know
that 73% of the voters hate his guts and still try to
makes silly jokes.
Posted by georgew1956
Because he knows that 71% of the voters hate the Congress too. - Reply to this comment
I really miss Clinton...
We tried to warn you, we really did...- Reply to this comment
- how can a president stand at a press conf- and know
that 73% of the voters hate his guts and still try to
makes silly jokes. - Reply to this comment
- Ok, who left the door to the looney bin open again?
Posted by mbcsmith
We have to be a little smarter. It''s swings both ways. - Reply to this comment
- Members of Congress Have Been FORBIDDEN to reveal what was discussed
Several are so furious and concerned about the future of the country,
they have begun leaking info.
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Posted by forthepeopl1 at 03:31 PM : Apr 30, 2008
Ok, who left the door to the looney bin open again? - Reply to this comment
- (But the Neo-Cons do not want regulation because it curtails their greed... and they get pissy when that happens... as demonstrated by some posters on these boards).
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Posted by NAUcoming4U at 03:45 PM : Apr 30, 2008
Nah, we just don''t like self-righteous LIBS destroying our freedoms - Reply to this comment
- That is why I''''m upset. It''''s not solely one group''''s fault, and not mine, but there is nothing I can do about others'''' greed and that upsets me.... But we need to regulate housing & credit in the future!! That''''s a start!
Posted by arlt1627 at 03:34 PM : Apr 30, 2008
...........
You really hit the nail on the head with that post!
I totally agree, and I am in the same boat as you.
Greed, however, can be curtailed... as you mentioned... through REGULATION!
(But the Neo-Cons do not want regulation because it curtails their greed... and they get pissy when that happens... as demonstrated by some posters on these boards). - Reply to this comment
- Hey Mudrose,
Let''''s join together with 38 other states and pass a new Amendment to the US Constitution to abolish Filibuster and Veto Powers so that our Majority Congress can help us.
Just Imagine, our great leader Bush taking all the credits for what our Congress did to save us from hell. A bad leader just blames others and never take any responsibilities. - Reply to this comment
- If you''''re upset about the economy then figure out the reasons for the economy taking this turn. It''''s been said over and over and over and over -- HOUSING AND CREDIT CRISIS.
Posted by mudrose at 03:28 PM : Apr 30, 2008
You think people should be happy about it?? It is a combination of factors. #1: People were greedy and bought more than they can chew. #2: NO Fed Regulation on mortgages/banks led to subprime companies looking to speculate for a quick buck. #3: Idiotic war has compounded gas prices & helped with inflation of prices compounding the problem. Then people like myself (savers, investors, doing all the right things)get hosed because my home value decreases because of the homes around mine have plummeted. That is why I''m upset. It''s not solely one group''s fault, and not mine, but there is nothing I can do about others'' greed and that upsets me.... But we need to regulate housing & credit in the future!! That''s a start! - Reply to this comment
- PEOPLE - - BEGIN TO RESEARCH and PROBE THIS ! ! ! !
SPECIAL "CLOSED SESSION" OF U.S. HOUSE OF REPRESENTATIVES
Word has begun leaking from last nights special,
Closed-door session of the United States House of Representatives.
Not only did members discuss new surveillance provisions as was the publicly stated
Reason for the closed door session, they also discussed :
1. The Imminent Collapse of the U.S. economy to occur by September 2008
2. The imminent collapse of US federal government finances by February 2009
3. The possibility of Civil War inside the USA as a result of the collapse
4. Advance round-ups of "insurgent U.S. citizens" likely to move against the Government
5. The Detention of those rounded-up at "REX 84" camps constructed throughout the USA,
6. The possibility of retaliation against members of Congress for the collapses
7. The Location of "safe facilities" for members of Congress and their families
To reside during expected massive civil unrest
8. The necessary and unavoidable merger of the United States with Canada
(for its natural resources) and with Mexico (for its cheap labor pool)
9. The issuance of a new currency - THE AMERO -
For all three nations as the proposed solution to the coming economic armageddon.
Members of Congress Have Been FORBIDDEN to reveal what was discussed
Several are so furious and concerned about the future of the country,
they have begun leaking info. - Reply to this comment
- Unfortunately we''''ve tried your "trickle-down" economics which never trickled down past the middle-class Americans....who coincidentally are a dying breed in our modern American economy. Why don''''t you address that one for once on her versus blasting away at all these so-called "Communists, Socialists, and welfare children" you like to defame for being understandable upset about the economy.
Posted by arlt1627
If you''re upset about the economy then figure out the reasons for the economy taking this turn. It''s been said over and over and over and over -- HOUSING AND CREDIT CRISIS. - Reply to this comment
- You are really such an ***. Maybe when you get our of kindergarten and high school you can take a course in economics. You obviously don''''t know jackshite about the economy.
Posted by mudrose at 02:37 PM : Apr 30, 2008
Unfortunately we''ve tried your "trickle-down" economics which never trickled down past the middle-class Americans....who coincidentally are a dying breed in our modern American economy. Why don''t you address that one for once on her versus blasting away at all these so-called "Communists, Socialists, and welfare children" you like to defame for being understandable upset about the economy. - Reply to this comment
- Thanks, George. You''''ve shown us what is truly important and meaningful in our otherwise drab and uneventful lives. You''''re really cool, Bush. By the way, if the economy is so slow and the people are so poor, how come you''''re so rich? Where did you get all YOUR money, buddy? Huh? What''''s that?
Posted by RandyNason
You are really such an ***. Maybe when you get our of kindergarten and high school you can take a course in economics. You obviously don''t know jackshite about the economy. - Reply to this comment
