Comments on: Goldman Sachs: Brace For Recession In 2008

Wall Street's Biggest Investment Bank Predicts Housing, Credit Turmoil Will Shrink Economy

[lssbigdog]

Well we have been in a recession for years. Im always shocked when its trickled up for recognition.
lol Milk $5.42 thats more outrageous then gas.

[donbl1]

USA, recessions are a normal part of US economics. They happen.

However, they can be made worse or better by the actions of large economic segments (financials in this case), the government or the federal reserve.

Greed has long caused bubbles in the American economy. The last two bubbles being the Tech bubble of the Clinton years and the housing bubble of the Bush years.

The solution? Tough this time as our inflation is higher. We do not want the stagflation of the Carter years.

[usayesterday]

And it all started by selling homes to people who could not afford them and should never have been given a loan......

Posted by donbl1 at 08:03 PM : Jan 09, 2008
...........

That is barely scraping the surface of the economic problem.

The people who could not afford what they were buying is just one of many factors causing our economy to falter. But I know its easy to blame just them, or Bush, or any one particular person or group. But it never solves anything when people can''t look at the ENTIRE picture first, before trying to solve the problem. When people find fault/blame with a single person or group, any and all (fake) solutions end up being just a band-aid style temporary fix. A little while later, the same problem still exists.

[sioux4life1]

Goldman Sac another poltical cartel of the Bush/Clinton/Bush regime. Wonder who cooked the books in NEW HAMPSHIRE polls and votes Hilary?

[donbl1]

And it all started by selling homes to people who could not afford them and should never have been given a loan......

[usayesterday]

I think I''''ve already saved us $6 trillion.

Posted by RowdyTexan2 at 07:33 PM : Jan 09, 2008
..........

And that savings is just for the first fiscal year!

I like your budget reforms!

[gkc99]

"Bushie, you''re doing a heck of a job"!

Thanks, Bushits!

[rowdytexan2]

Cut goverment spending! Less goverment is better!

OKayyyyyyyyy.....

To do list:
Today: Cut the lights off at the White House...nobody''s home anyway, send Bush his pink slip--he''s being laid off--pink slips to the secret service, also--and also the White HOuse Workers--cancel Bush''s insurance policy--pack Bush''s personal effects and ship them to Dubai--send Laura home to momma (don''t forget the cigarette stock)--pack up the few post it notes left in the oval office (thank goodness all those papers are gone)--cancel the grocery delivery--cancel Dubya''s BP medicine prescription--check the pharmacy list for hallucinagens and cancel those--cancel scheduled Air Force1 flights to Crawford...
Tomorrow--Turn the lights out at the VP Mansion--call the exterminators for VP removal--cancel the regular delivery order for shotgun shells and pacemaker batteries--pack up the post=it notes--clean the ashes out of the office fireplace--cancel the monthly government stipend to Al Queda--hire an interpreter to fire all the household staff--send Tipper home to Momma (oh wait...who?)--check the bribes file and cancel entries--call the canine unit to check for bodies in the back garden--call the Dubai household staff and inform date of arrival--cancel the dsl, cell phones and hot line to Osama--send the standby ambulance back to the station--cancel all insurance polices and send outstanding bills to King Abdulla--cancel the hotline to Blackwater....

I think I''ve already saved us $6 trillion.

[mcv57]

Place on your ballot: Bozo the Clown, at least he will make you laugh on the way down.

[usayesterday]

Yea, thanks for the heads up. The average person has been in a recession for years as prices continue to go up and up and up and wages stay the same with fewer fewer good jobs.

Posted by tejasdemo at 06:39 PM : Jan 09, 2008
.........

Yep, apparently to the economists and the White House...


...its only called a "recession" when the wealthy have to cut back and/or make sacrifices.