Why do so many people ask "are we really in recession" like if its something thats hard to define. Every other week the headlines in the local papers say RECESSION!!!????? Is it that hard to believe that were experiencing one?
fact of the matter is that capitalism (like communism) can only exist under certain conditions. You need new markets to maintain a healthy economy, and sorry to say weve run high and dry out of em. Combine that with the countless other factors like NAFTA and Outsourcing and a society that treats ailments with expensive medication rather than cure them and combine that with the cost of insurance and lack there off.... and people wonder how this could happen?
corporations, lobby groups, and corrupt politicians have ruined this nation , an for what? money? currency? I just hope that they realize that money is just a promise... a promise that thanks to them is virtually worthless.
During the last great depression, many believe that the key reason we were able to get out of it was because of our gold reserve and because we were on the gold standard... but we dont even have that anymore.
face it folks, dont fool yourselves this is a recession and let me tell you, the ride is just starting, strap yourself in cuz its gonna be long scary one.
but atleast gas has gotten a bit cheaper...
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"To preserve liberty it is essential that the whole body of the people always possess arms and be taught alike, especially when young, how to use them." ~Senator Richard Henry Lee, 1788
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Why are corporations always the "bad guy" in our economy? Last time I checked, it is corporations that provide jobs so people can buy houses and feed their families. Also, last time I checked, corporations don't kidnap people and force them to work as slaves, nor do they force people at gunpoint to buy their products. Without a doubt, there has to be competition in the marketplace, or government regulated industry to ensure no price gouging. But corporations should be appreciated, not demonized!
problem is that for manycorporations it is just good business... yes they give you a job today but next week the CEO is liable to out source a thousand jobs because it would yield a larger profit. That could mean the job youve had for 25 years is gone... most of the time that means your pension as well. your left hung out to dry to compete for jobs against younger people who would be will to do the same job for less. Corporations (most of the time) dont care about their employees only profit and while that might not make them "evil" it certainly cant make them friendly. Now granted some companies have stepped up an put morals ahead of profit but those are few and far between.
Now what I see as evil corporations are the Pharmaceutical/ medical supplyindustry. They lobby the FDA and next thing you know the FDA bans certain procedures that have shown success in curing cancer, aids and diabetes. They do this because (as several GOOD doctors will admit) it is more profitable to treat rather than cure. Yes we all want to make money but there need to be a line between good business and common decency and morality. I will apreciate corporations when they appreciate theiremployees and consumers over their profit margin.
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"To preserve liberty it is essential that the whole body of the people always possess arms and be taught alike, especially when young, how to use them." ~Senator Richard Henry Lee, 1788
Support Our Troops, Honor Them, Thank Them!
Using your definition, we all apparently go throu a mini recession just before each payday. I don't think that we really are going through a recession as our economy is still continuing to grow, just at a slower pace. The housing market in some areas is losing value but in some cases, it's simply common sense stepping in and maing market corrections. For instance, California's housing market almost tripled in value during the last 10 years and that is ridiculous. By the time the market out here finishes correcting on housing values, they will have just about doubled in 10 years which is still too much.
I think the government's overspending and using up so much credit capital is a big reason for our economy slowing down. The fed, state and even local governments are out of control in their spending which only causes tax increases, increased government borrowing and a lot tighter economy. This is just my .02 and I'm sure some of the board's economists will chime in.
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No doubt W and company spent way too much. The only thing worse is a socialist liberal. Here in Maryland, we were in the black with Ehrlich as governor. Now liberal O'Malley's at the helm, and we are in the red even with major tax increases. Until the people rise up and revolt against relying on the gubment to solve all our problems, they will only get worse. As it is, everyone is clamoring to get their share of handouts.
No doubt W and company spent way too much. The only thing worse is a socialist liberal. Here in Maryland, we were in the black with Ehrlich as governor. Now liberal O'Malley's at the helm, and we are in the red even with major tax increases. Until the people rise up and revolt against relying on the gubment to solve all our problems, they will only get worse. As it is, everyone is clamoring to get their share of handouts.
amen
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"To preserve liberty it is essential that the whole body of the people always possess arms and be taught alike, especially when young, how to use them." ~Senator Richard Henry Lee, 1788
Support Our Troops, Honor Them, Thank Them!
The big bad "R" word
