EPTIf anything its a lesson to stupid banks they cant lend money out willy-nilly.
The biggest problem is a massive loss in consumer confidence due to irresponsible newspaper reporting etc. That could easily turn this recession into a depression.
US Economy: How worried are you?? - Page 6
| Forum Index > General Forum |
|
LordofToast
United Kingdom250 Posts
If anything its a lesson to stupid banks they cant lend money out willy-nilly. The biggest problem is a massive loss in consumer confidence due to irresponsible newspaper reporting etc. That could easily turn this recession into a depression. | ||
|
zer0das
United States8519 Posts
On July 16 2008 14:41 evanthebouncy! wrote: If worse come to the worst California declaires independency and gg. wee~~ terminator president ftw. but more seriously I am very happy that those energy efficient bulbs are being promoted. Great step forward imo. And on the radio while driving today I heard several advise on don't drive too fast to save gas, which I am very happy too. What good would that do? California is like the poster child of the subprime mortgage fiasco. I know personally I graduated as a chemist like 2-3 months ago and I can't get a job in my field, even with the help of a job placement company. Someone who graduated from the same school 3 years ago told me that was basically unheard for someone at my college in the chemistry program to not be able to find work, but at least half of us looking to acquire a job hadn't gotten one by graduation. And I know I'm not the only one still having problems. Fortunately I'm not exactly hard pressed to get a job at the moment, but I feel sorry for people who are. :/ | ||
|
jgad
Canada899 Posts
On July 16 2008 01:02 iLjh wrote: i'm worried, that's why im voting for obama and for all of you that are worried also, dont just complain without contributing, if you're over 18 register to vote because we can make a difference If you honestly believe Obama is going to make any difference at all... I mean, just bend over and get it over with, man. The man has zero concept of economics and what he does have is rooted in mystical Keynesian theory which, as an economic theory, seems about as sensible as rain dancing to address the issue of poor weather. The problems in America have not been caused by people voting for the wrong guy - they've both been the wrong guy, every time, for pretty much the entire 20th and 21st century. The only effective contribution at this point is getting people to realise it because nothing will change until that happens. So long as smooth-talking guys like Obama continue to succeed in deluding people with nonsense and popular rhetoric there can be no change. | ||
|
QuanticHawk
United States32054 Posts
On July 16 2008 20:13 zatic wrote: What? You're supposed to drive even slower? The NJ "Express" Way was hardly bareable as it is. Those speeds would get you killed on the Autobahn. But on a serious note, 65 mph is already pretty much the optimal speed regarding gas consumption. Better drive more efficient cars. Haha, where the hell in NJ were people driving slow?? | ||
Jibba
United States22883 Posts
On July 16 2008 21:36 jgad wrote: If you honestly believe Obama is going to make any difference at all... I mean, just bend over and get it over with, man. The man has zero concept of economics and what he does have is rooted in mystical Keynesian theory which, as an economic theory, seems about as sensible as rain dancing to address the issue of poor weather. Are you fucking kidding me? First of all, his circle consists of monetarists and Keynesian economists, and neither are unsensible. Let me guess, you've read a Ron Paul book and the introduction to a Hayek book and now "realize" Austrian is the greatest thing ever. And again, the President really doesn't have the capability to fix the economy and it's not his job. You can vote for who you think is more beneficial (I'm not convinced with Obama, but McCain's economics knowledge is essentially non-existent) but in reality it comes down to Congress and the Federal Reserve. | ||
|
Ace
United States16096 Posts
On July 16 2008 16:16 BroOd wrote: Shit posts like this are despicable. I rarely engage in political debates on here but this is so below the belt it's staggering. I'd really love to hear you defend this inflammatory bullshit to a reasonable audience. agreed. rpf is a damn idiot for that post. Sounds like Fox News has another believer. | ||
|
Jibba
United States22883 Posts
| ||
|
QuanticHawk
United States32054 Posts
| ||
|
Jibba
United States22883 Posts
On July 16 2008 22:25 Hawk wrote: rpf lost his shock value with stupid posts ages ago. He'd have to say what he really feels (i.e. the less politically correct words that you KNOW are the reason he won't vote for Obama) to make me go, 'WOW! rpf has reached a new level of stupidity!' What less politically correct reasons? Ohhhhhhhhhhhhh, because his lapel pin was crooked. | ||
|
QuanticHawk
United States32054 Posts
| ||
zatic
Zurich15328 Posts
On July 16 2008 21:49 Hawk wrote: Haha, where the hell in NJ were people driving slow?? You have to put this into perspective. Over here you are not even allowed on the road if you can't go faster than 40 mph. You'll get screamed at for driving 70 mph. You better get out of the way of other drivers if you go only 90 mph. Below 100 mph you will just not be respected as a driver. For entertainment: It's actually called the Atlantic City Express Way, my bad. There is nothing "express" about it though. But my main point was that 65 mph is already very sensible towards gas consumption, you really don't need to lower this. | ||
|
QuanticHawk
United States32054 Posts
The turnpike is where everyone speeds!! | ||
|
Snet
United States3573 Posts
| ||
|
rkarhu
Finland570 Posts
| ||
|
DrainX
Sweden3187 Posts
Haha, I love how they start playing Kraftwerk - Autobahn a few minutes into the video =D | ||
|
Ecael
United States6703 Posts
On July 16 2008 20:26 ramen247 wrote: china doesnt need american funds lol. the money going from the US to china, its all used to purchase merchandise...we arent giving china free money...we ARE however giving north korea supplies. are u trying to get drafted? You make it sound like someone in their first run has the political capital to be able to get away with a draft. As for investing in China, what's wrong with that? I'll take my money where I can get it. It is only evitable that capital flows to where more capital may be generated, the foolish protectionism has to go. And what's this about speeding in NJ, all I ever see there is the congestion leading to the Outer Bridge Crossing :p | ||
|
mark718
United States73 Posts
This is just the ebb of the economy's natural ebb-and-flow. Honestly, I think that a lot of good will come out of it. Sure there will be hard times, but most Americans are living WAY beyond their means right now anyway. Our culture of credit cards and paying on installments is unhealthy for everyone. This will be a slap in the face to wake people up. "Necessity is the mother of invention." It's about time we start heavily pursuing non-oil means of power. Oil prices will force that. The media is full of crap. Seriously. They take any negative angle they can spin on a story and blow it out of proportion. Why? Because tragedy sells. It's all about ratings for them. The housing market is not really that bad. In fact, in many places it's already bottomed out. So again, I'm not worried. We're in for some uncomfortable times, but we're due them. Look back at the Depression and every recession since then. The way our economy works, people always weather the storm and come bouncing back stronger than ever. | ||
|
NastyMarine
United States1252 Posts
NOT WORRIED. Change is good. | ||
|
NastyMarine
United States1252 Posts
| ||
|
Tibs
United States148 Posts
On July 16 2008 01:02 iLjh wrote: i'm worried, that's why im voting for obama and for all of you that are worried also, dont just complain without contributing, if you're over 18 register to vote because we can make a difference Just because the Economy has slipped due to rising oil prices, and other unnatural causes doesnt mean you have to vote democrat. Think about what you just said. Plus he'll be assassinated especially in Virginia, its like KKK capital bro. Then if that happens to happen during his term, wouldnt stating what you said be pointless? Aside the point, everything has to be looked at ten years prior. I assume 50% of everyone blames Bush for the War in Iraq. Ok, you're entitled to your opinions. Now look ten years ago, during Clintons administration. In 1994 when we were fighting Saddam Huessin for the first time, we were aiding Osama Bin Laden with weapons and money to help us fight against his regime. So in turn, wasnt Clinton aiding a known terrorist who had affiliation with the 1st WTC Bombing in 1992, and then again his bombings in 1998? If you're truly going to cry over rising gas prices, then leave the country. God made man a creature of choice and survival. You choose whether or not you want to survive, and if you do choose too survive, you figure it out. So dont try and say "only 18 year olds" can post in this thread. Because in fact, when you begin to age past 21+, the ones who posted in this thread younger than 18, will be 18, and will be able to act as you did. But they have the right to voice their opinions. | ||
| ||
