Hoooray Economy!!!!

[darius]

http://www.foxbusiness.com/story/markets/economy/jobless-rate-rises--july/

[John Kennedy]

Businesses are rolling in cash with all the taxes they're not paying, why aren't they hiring?

[darius]

Businesses are rolling in cash with all the taxes they're not paying, why aren't they hiring?

ain't hording great?

[Benny B]

yet gdp is still growing... :rolleyes:

[TheHipHopBillGates]

yet gdp is still growing... :rolleyes:

anyone thats every taken a Econ 101 class or read a book or 2 on Globalization knows GDP is not longer the most accurate measure of the economy.

[Benny B]

anyone thats every taken a Econ 101 class or read a book or 2 on Globalization knows GDP is not longer the most accurate measure of the economy.

my point is there is negatives.. there are some positives... the fact remains the economy goes through strong times.. it goes through down times... we are in a down time.. after many years of solid growth.. the media is making it into something bigger then it is.. the economy isnt THAT bad.. should we be cautious sure.. should we be panicked absolutely not... there are many many factors that are the cause of this downturn.. the fed lowering instrest rates the housing market having the bottom fall out. regardless.. like ive said.. yes the economy isnt great right now. but its nowhere near as bad as its being made out to be

[CraftyVet16]

my point is there is negatives.. there are some positives... the fact remains the economy goes through strong times.. it goes through down times... we are in a down time.. after many years of solid growth.. the media is making it into something bigger then it is.. the economy isnt THAT bad.. should we be cautious sure.. should we be panicked absolutely not... there are many many factors that are the cause of this downturn.. the fed lowering instrest rates the housing market having the bottom fall out. regardless.. like ive said.. yes the economy isnt great right now. but its nowhere near as bad as its being made out to be

tell that to all the people who cant get jobs, pay their bills, support their families..... the economy is bad.... real bad.... i live down the shore and i can tell you this.... noone is traveling down here.... the drop in numbers is ridiculous.... businesses that rely on the summer traffice... are really struggling...

[TheHipHopBillGates]

my point is there is negatives.. there are some positives... the fact remains the economy goes through strong times.. it goes through down times... we are in a down time.. after many years of solid growth.. the media is making it into something bigger then it is.. the economy isnt THAT bad.. should we be cautious sure.. should we be panicked absolutely not... there are many many factors that are the cause of this downturn.. the fed lowering instrest rates the housing market having the bottom fall out. regardless.. like ive said.. yes the economy isnt great right now. but its nowhere near as bad as its being made out to be

not that bad?

1/jobs being cut left and right
2/housing equity evaporing, while houses remain historically high
3/more consumer & national debt then ever
4/weakest dollar ever
5/foreclosures higher then ever and getting worse
6/greater economic disparity then ever
7/collapsing social services & infrastructure
8/blue chips crumbling(see Ford, GM, Bear Stearns.....etc.....)
9/inflation & cost of living highest since the early 70's
10/no sight for end of foreign dependency on oil
11/no sight for end of War, which we're giving tax cuts during, which means who is funding?
12/_______
13________
14________________

you're right, they're blowing it out of proportion.

[Benny B]

not that bad?

1/jobs being cut left and right
2/housing equity evaporing, while houses remain historically high
3/more consumer & national debt then ever
4/weakest dollar ever
5/foreclosures higher then ever and getting worse
6/greater economic disparity then ever
7/collapsing social services & infrastructure
8/blue chips crumbling(see Ford, GM, Bear Stearns.....etc.....)
9/inflation & cost of living highest since the early 70's
10/no sight for end of foreign dependency on oil
11/no sight for end of War, which we're giving tax cuts during, which means who is funding?
12/_______
13________
14________________

you're right, they're blowing it out of proportion.

unemployment at what 5.7??? still historically low in comparison...

housing equity... geee over-inflated house values coming back to reality??? maybe??? and just as there is
bad markets in housing there is still good markets out there.. vegas / michigan are the two worst.. dallas is still booming.. like i said.. there is good and bad everywhere.. soo what if the values go down for now.. its HOUSING!!! the markets always come back.. show me one time they havent???

debt i cant argue with.. except consumer debt?? whos fault is that??? if the people cant control their spending how can we expect our government to???

weakest dollar... intrest rate cuts big factor??? maybe??? again wrong decisions made if you ask me...

ford gm bear sterns... lets see two companies that would be strng if they cut union out of the picture... look at nissan north america.. company is still making money and if having record sales??? bear stearns... again any company that is beign hurt by the "sub prime" issue.. deserves what they get for lending money carelessly to people who cant afford what they purchased.

inflation cost of living.. associated to intrest rate cuts that devalued the dollar??

issue of dependancy for foreign oil..gee maybe why im saying drill drill drilll not for the price of gas.. but to remove our dependancy on foreign oil???

as for the war.. i cant argue.. we need to get out of iraq as soon as we possibly can.. they have already asked us for time table.. implying they want us to leave.. lets get out.. turn the country over to the iraqi people. and let them be.. we could have saved a shitload of money if we went with colin powell running the show.. but thats just my opinion...

[Benny B]

ohhh i forgot foreclosures i think... what are forclosures at 1% of all homes owned right now?? we gonna get all up in arms because 1% of home owners are losing their home??

Top Ten States For Foreclosures - March, 2008

Nevada 1 in 139 homes
California 1 in 204 homes
Florida 1 in 282 homes
Arizona 1 in 283 homes
Colorado 1 in 339 homes
Georgia 1 in 351 homes
Ohio 1 in 448 homes
Michigan 1 in 475 homes
Massachusetts 1 in 486 homes
Maryland 1 in 538 homes
via RealtyTrac


please... then to top it off you have the government bailing people out... spending BILLIONS upon BILLIONS of dollars to save people who are dumb with money.. and even worse i think the numbers i read it was only a small percentage of that 1% that are elligable for being saved... soo we spending that much money to help 0.10 percent of 1% of all homeowners.. fucking stupid if you ask me...