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

[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]

Remember people, on Election Day, vote out ALL Incumbents from BOTH Parties, and vote for NO Republicans. It''s the ONLY way to regain control from these Criminals. The present System is Rotten to the Core and Owned by K-Street.

[dougmsbbs]

This entire problem was made in D.C., and will be made even worse in D.C. They pass unwise regulations to fix the perceived problem of the moment, and make matters worse down the road. A few decades ago the problem they went after was home loans to minorities were made at unfair rates. So they change the rules to make it easy for unqualified borrowers to get loans. Now, when it''s been taken to the extream, they will pass more rules to swing it back the other way.
Meanwhile they went on a spending spree. The republicans went wild, and Bush lost his veto pen throughout his entire first term. The democrates saw all this money flowing, and went along happily as long as a good portion flowed into their pet projects.
Both sides are to blame. Now, with the ''bash Bush no matter the cost'' thinking the Dem''s have engaged in, we continue to sink.
There ARE solutions. But in an election year as bitter as this, it will never happen. If there was a magic solution that would set all this right in only a few months, do you think the Dem''s would take it? No, to improve the odds of getting the white house, they will let us sink. They need all this to be blamed on Bush, where truth be told a lot of it should reside.
We are going down, and fast. While Washington argues which deck the chairs should be on, the Titanic is going down...

[tryhonesty]

With the tax, spend, and borrow RepubliCONs and Bush-Cheney in power, and if RepubliCON McCain (McSAME) gets elected... this nation will remain in BIG TROUBLE! The crooks have been in charge...and America is living with the results.

[vnveteran72]

Within a month of 9-11, the SEC, acting in concert with the Department of Justice, distributed a target list of 38 stocks to securities firms around the world looking for information about who might have profited by at least apparent pre-knowledge of the aerial attacks on the World Trade Center and the Pentagon.


Like the proverbial bad penny, Lucky Larry Silverstein keeps popping up. He%u2019s back and he%u2019s bad again. Not content with the nearly $4.6 billion in insurance payments he received to cover his losses at the World Trade Center, he is now seeking $12.3 billion in damages from the airlines and airport security companies for the 9/11 attack in a suit filed in 2004.

Not tainted enough by the fact that Silverstein & Partners took out a lease for 99 years in July of 2001 on the WTC, two months before the attack . . . not content Larry & Partners upped the insurance at that time to $3.5 billion and (presciently) to cover potential hits by airliners flown by %u201Cterrorist hijackers%u201D . . .

And the Hits just keep on Rolling.......LMMFAO

[vnveteran72]

You''ll notice the only "Protections" being offered up are for Banks and Corporate Entities. Proposed assistance for the Citizenry???:.....Make sure you pay your Car Payment so you''ll have a place to sleep out of the weather at night.....LMMFAO

[hypnotoad72]

How to fix it?

First, define how our economy works. Really look at it.

Then the solutions shouldn''t be as difficult to fathom.

[harpoot]

What''s the PC correct version of "economy in deep $hit"?? Probably a market correction, no need to worry.

LMAO

[jon2012-2009]

I liked your story this morning although it ended incorrectly. You said noone seemed to have the answer but yet their is a congressman from Texas called Ron Paul that does. He is an avid student of the Austrian School of Economic theory. The have a school in Alabama run by Lew Rockwell and called the Mises Institute. Named after Ludwig Von Mises the only man to predict and warn of the Great Depression and he did so in 1923 when the economy was booming, much like Paul he was called a "kook," but history now shows he wasn''''''''t so "kooky" after all as it. That government intervention in the marketplace is the real cause of distortions in the market and that government policy and intervention is the real cause of this booms and crashes.
Posted by bucfish at 09:29 AM : Jul 20, 2008

You may love Ron Paul but you need more than what you''ve got to put him on a pedestal. Economy is not a hard science like physics and chemistry where a successful prediction is usually replicable. Did Von Mises produce any more valid predictions, did he come up with a theory that''s still held in high regard? The latter point is important because the world has probably changed fundamentally since his time. Ron Paul''s doctorate is nice, to be sure, but it''s only a starting point to measure the man.

[brianbwb-2009]

Posted by iphyt4u

$800 billion? try $3.5 trillion since the invasion began. $800 billion is just what can be accounted for, the rest was embezzled by the war profiteers.

[underdogus71]

a gal of gas in Mexico $2.35....

[iphyt4u]

It seems that Bush and the republicans are doing everything they can to extend the clock. By that, I mean that they''re going to dump all these problems on the Democrats in November. They keep proping up banks with taxpayer money, not to mention the $800 billion thats been spent in Iraq. This republican administration is the most fiscally irresponsible in the history of this great nation. George W. Bush, worst president ever.

[underdogus71]

YEN UP,PESO UP,EURO UP,--the dollar down the plug hole

[underdogus71]

I highly doubt it. Elites in the UNITED STATES have a vested interest in not improving the lives of their people. A failed state like the US ensures a steady flow of cheap labor across the border to MEXICO..

[vnveteran72]

The Greed of the Ruling Elite has brought our Nation to the brink of Depression, and by all available evidence, it seems to be leaning toward falling off that brink. As the American people have cut back on their consumption of Gasoline and everything else to try and cope, Big Oil finds itself with an even larger surplus of unused domestic product. As a result, Crude is being shorted, and the bubble is bursting. If the American people continue to squeeze this Monster''s neck, it will die. Squeeze hard, America,......squeeze real hard.

[underdogus71]

Suspend hiring of all illegal imigrants....Posted by u-r-right ..No problem, MEXICO will suspend the oil to the US and sell it to CHINA in EUROS hmm? American are the next generation of "********"...

[u-r-right]

Solution: Roll back NAFTA and other "free" trade agreements and encourage a re-birth of manufacturing in the USA, hiring workers and paying them a decent livable wage.

Suspend hiring of all illegal imigrants.

[jmurrieta1]

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

To coin a phrase: Recovery begins when the Republicans lose their jobs.

[jediservent]

I know this story is not about oil but since the high cost of oil is affecting our economy my post is relevant.

It is not in the best interest for Big Oil Companies and Wall Street Speculators to continue to raise oil cost. Oil is needed in "EVERY" stage of "PRODUCTS PRODUCED" and "SERVICES RENDERED" in our nation. Even if oil is not required in the direct manufacturing process it is still required to transport the product or the people that provide labor for the production process.

As oil cost has skyrocketed many companies have closed shop or cut back production and had to layoff workers. As a result of decreased production and layoffs oil demand will decrease. With more workers laid off and no income coming in our consumer spending will drop like a rock therefore requiring less oil.

Less oil will be needed now as the oil companies are putting us all out of business. The Speculators are in the same boat, their markets will shrink because of decreased consumer spending.

So what next? These greedy corporations and market makers have under estimated the American People. As long as prices were in check we were alright playing their game but now we will fight back. Already people have started using and developing Renewable Fuels, Solar and Wind Energy to replace oil and the companies that produce their byproducts.

We will succeed as long as we work together and not let greed enter this new this new Movement.

Woe to the Big Oil Companies%u2026.

[bucfish]

I liked your story this morning although it ended incorrectly. You said noone seemed to have the answer but yet their is a congressman from Texas called Ron Paul that does. He is an avid student of the Austrian School of Economic theory. The have a school in Alabama run by Lew Rockwell and called the Mises Institute. Named after Ludwig Von Mises the only man to predict and warn of the Great Depression and he did so in 1923 when the economy was booming, much like Paul he was called a "kook," but history now shows he wasn''t so "kooky" after all as it. That government intervention in the marketplace is the real cause of distortions in the market and that government policy and intervention is the real cause of this booms and crashes.