Comments on: Taking Stock Of Our Economic Woes

Experts Say The Nation's Financial Straits Will Get Worse, And There Is No Consensus On What To Do About It

[eddom949]

People want money. Churches are being destroyed. What''s the economy, stupid? Oh, you''re starving. You don''t look like it. If you can take out the loan, you can pay it off. Time to get with the program. This is still the greatest nation EVER

[vnveteran72]

This is a carefully planned operation of the "War on Terra". As soon as the entire Nation is broke and living on the streets, the Illegal Domestic Spying will finally pay off, because no one but Terra''sts will have a phone.....these guys are Geniuses.....

[omega39-2009]

"It just seems like everybody''s swarming for the same jobs," she said. "It''s just like one job and 100 people going for the same thing. It''s just not a good thing."

Whoa, hold on there, aren''t our fearless leaders assuring us that the economy is at almost full employment? It''s obvious that this woman is suffering a mental recession and according to Phil (let them eat cake) Gramm, is a Whiner to boot.

[dishsrvdcold]

The United States is the promised land. It is the inheritance promised to Abraham and his seed. I dare you to read Deuteronomy chapter 28 to find out why are difficulties are just beginning and what your future will be.

[ramos937]

It''s kind of like the guy who jumps out the window of a 60-story building, and he passes the 30th floor and he says, ''Everything''s okay, so far.''"
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Bush is part of the problem because he will not admit there is a problem or how severe it is.

No one can do anything constructive to solve our economic problems until the full extent of the problem is known and nobody really knows or wants to really know.

To even begin, two very important determinations have to be made - What is the true size of our national debt and what is our true annual deficit(s). I feel that the answers will terribly shock everyone.

Schiff: "...The real foundation of an economy needs to be on savings, on under-consumption, and on production. We''ve got it backwards..."

Schiff''s tortured logic: focus on MORE production and LESS consumption at the same time. Even if more production means more capital goods, as opposed to consumer goods, even that tack in the near term expands "output".

Capitalism is ready for the dumpster. What''s wrong with a PLANNED (aka, "RATIONAL" economy) as opposed to this completely chaotic system we have that lurches from one crisis to the next while NEVER FAILING to benefit wealthy leeches who are numerically small but end up stealing the lion''s share of output.

Socialism today, socialism tomorrow, socialism forever!!

[ubrew12]

Xlib said: "the same congress and their msm shills will continue on this path until the election. AND THEN, hold onto your wallets cause we''''ll be taxed up the ying yang."

I''ll take a tax and spend liberal over a dont-tax and spend conservative any day. I know which one is throwing my kids the finger.

[darylib]

The republicans could have never gotten away with what they did if it were not for the democrats (at least enough of them) writing a republican blank check.

What have the democrats done to stop them? Name one thing. Nothing.

Americans elected democrats in the last election to stop the war. The democrats didn%u2019t do a thing.

Quite the contrary. They gave the republicans everything they wanted and more. As long as they got their little slice of the pie, it was fine with them. Impeachment was/is off the table.

All this republican/democratic back biting is exactly what they want. Divide and conquer. We give them a 9% approval rating. Yet I%u2019m sure they think even less of us, and with good reason.

[iphyt4u]

Xlib You make the assumption that Democrats will raise taxes. Which American that you know of, jumps up and down and says great higher taxes. The fact of the matter is , is that Democrats want to use money more efficiently. All of the money spent in Iraq could have gone to health care. Imagine how the business community would have grown if we had taken the burden of health insurance off of businesses shoulders. The economy is the result of republican leadership. The Congress that was elected in 2006 decided to give Bush plenty of rope. It''s just ashame that Bush and the republicans hung themselves with it.

[condumbism]

Xlib

We all know that Congress has a 9% approval because of the Republicon obstructionists that will be thrown out of office in November. That fatassed repiglicon radical Nazi Senator from Oklahoma is gonnatossed out in November, while the entire country celebrates his demise.

[ghostcommand]

First--Stop the GD Spinning---2. Restructure downward to where the consumer can buy what is being produced---3. Regulate, Regulate, and Regulate. The USA GDP economy is over $14,000,000,000,000 and the write downs that need to be taken are approximately $1,000,000,000,000, which is only 7%. There needs to be a permanent trickle down, and not just a temporary stimulus to put money into the pocketbook of the consumer. Lower interest rates on credit cards, student loans, auto loans, and so on. Cut the ridiculously high fees associated with closings, banks, and so on. Re-instate the taxes on the wealthiest--they have been the primary beneficiaries of the boom and they have caused the problem--Stand Up and do your part. Tell the manufacturers that have located to foreign companies to come home or tax them out of existence. We need action--not the Spinning, Spinning, and more Spinning.

[pvperson]

Xlib, that 9% congress is half republican. Remember them, the people that were in charge 100% of the last 8 years. As usual, neo-con, you try and blame the democrats for what you republicans have created. Do you people EVER take responsibility for your own actions. Bush''s policy, Bush''s war, Bush''s incompetence appointees have put us in this place, not the democrats. Wise up, jerk.

[ruelsway]

Why don''t we seek the counsel of some of the same slick
advertisement firms that sell us everything from soap
to time-shares to evaluate and recommend a more desirable heading for this country. I think that
a more green attitude along with a more humanitarian
effort would go a long way to cure the way the world
views this country.
Remember a good name is better than all the riches
in the world, and much more difficult to shatter.
Let us stand by the virtues on which this Great
Country was built, who else gives us these wonderful
rights that we are letting slip through our fingers by
the cries of a few politicians that continuously cry
wolf, and all the while they continue to profit
enormously.

[bluestardad]

THE REPUBLICANS BORROWING TRILLIONS FROM CHINA TO FUND THEIR WAR IN IRAQ!

GIVING ISRAEL 30 BILLION A YEAR!

OIL MEN RUNNING THE WHITE HOUSE GIVING AMERICA 4 DOLLAR GAS!

WONDER WHERE WE GOT IN THIS SHAPE?

[darylib]

It''s too late.

Barak won''t save us. McCain won''t save us. The only thing we have to look forward to is more war and death. It''s a shame really. We had so much going for us. Oh well. All good things must come to an end. I suppose it''s just our time.

There is still a glimmer of hope though. It rests with the GOP delegates to the republican convention. I doubt very much that they''ll do the right thing. It would take the courage of a UA flight 93 passenger.

[xlib]

Love all the hand wringing, professed sympathy for the average working American family but hey, nothing on the proposed gas tax hike from your dem held, 9% approval rating, congress. Where''s that story.
Some of us do realize the same congress and their msm shills will continue on this path until the election. AND THEN, hold onto your wallets cause we''ll be taxed up the ying yang.
And say, thanks chuckie schumer and his dem buddies for DEMANDING that everyone get a chance at the American dream and lending money to people who can''t pay it back.

[vnveteran72]

And bush economics have devalued our standing in the world and foriegn contries arent buying our tresury bonds like they once did.


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Posted by dchu76 at 12:56 PM : Jul 20, 2008
+ report abuse

It''s hard to interest people in purchasing passage on a ship that''s sinking at the dock right behind the Ticket Counter......LMMFAO

[ruelsway]

Come on people, lets try giving the government
back to the people, perhaps they could be a little more
responsible than the idiots we have working for us in
Washington.
I know that if I don''t pay my bills that the retribution
will be swift and harsh, to the point where homelessness
is a reality.
Has our country reached the point of giving itself away to foreign interest and world banks.
Let us regroup and remember to take care of home first!

[vnveteran72]

On the Bright Side, not one of the Associates of the Bush/Cheney Crime Cartel are feeling the slightest bit of pain from the current economic implosion.
In fact, they''re sitting on so much War Profiteering Cash and Big Oil Booty, that they''ll soon be able to purchase the entire Nation for Peanuts......LMMFAO

[dchu76]

I''''ll tell you what. This issue is waaay more important to us than Afghanistan or Iraq.
People need to get their priorities straight.
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Posted by mortal3 at 12:43 PM : Jul 20, 2008

Iraq afghanistan are part of the equation, 10 billion is being wasted per month there. Political instability in that region has driving the gas prices to the current prices. And bush economics have devalued our standing in the world and foriegn contries arent buying our tresury bonds like they once did.