United States Heading towards a Depression?

Discussion in 'Politics & Religion' started by decoyjames, Dec 27, 2007.

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  1. Obamanation

    Obamanation Well-Known Member

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    #6581
    Aghhh!! My eyes! My ears! No warning on that link that you were going to subject viewers to Rick Astly!!
     
    Obamanation, Jun 4, 2011 IP
  2. BRUm

    BRUm Well-Known Member

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    #6582
    Oh Jesus, has Rick Rolling come back?
     
    BRUm, Jun 4, 2011 IP
  3. Corwin

    Corwin Well-Known Member

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    #6583
    Was watching the Sunday news talk shows today.

    Unemployment is back up at 9.1%, energy costs are skyrocketing (Pelosi said that's deliberate to get people to use less energy, but that's not working), housing prices are tanking again.

    This is officially the longest streak of low unemployment in the history of the United States. "The Great Recession" they are calling it.

    No President has ever been re-elected with unemployment higher than 7.2%
     
    Corwin, Jun 5, 2011 IP
  4. Rebecca

    Rebecca Prominent Member

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    #6584
    You're welcome Blue Star!

    Ha Ha - I know, Ricky Astly - the horror of it all!! j/k. Seriously, I do kind of like the song. :)

    LOL.


    I think that will hurt Obama. Of all the issues, the economy is probably the greatest concern right now. I think whichever presidential candidate, Republican or Democrat, that has the most coherent plan for reducing unemployment, and "fixing" the economy, will have a distinct advantage.
     
    Rebecca, Jun 5, 2011 IP
  5. Breeze Wood

    Breeze Wood Peon

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    #6585

    The 07-09 Republican Recession was the deepest since the Great Depression.

    The Obama Administration not only has produced positive GDP since June of 09, they likewise are responsible for preventing the Economy from deteriorating into a repeat of the 1930s style Depression.

    The blame for the present slow down might just as well be the responsibility of the Majority Party in the US House of Representatives that presently is stymieing the Stimulus Initiatives responsible for the recovery and has produced no benefits for the unemployed or contributed to the economic recovery by any policy initiatives to date.
     
    Breeze Wood, Jun 5, 2011 IP
  6. Corwin

    Corwin Well-Known Member

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    #6586
    I agree 100%.

    De 07-09 Republicat Rezession wuz de deepest since da damn Greata Depression. 'S coo', bro. De Obama Administrashun gots'ta produced positive GDP since June uh 09, dey likeswise are responsible fo' preventin' de Economy fum deterio'atin' into some repeat uh de 1930s style Depression is bullshit, yo! 'S coo', bro. De blame fo' de present slow waaay down might plum as sheeit be da damn responsibility uh de Majo'ity Party in de US House uh Representatives dat presently be stymiein' de Stimulus Initiatives responsible fo' de recovery and gots'ta produced no benefits fo' de unemployed o' contributed t'de economic recovery by any policy initiatives t'date. What it is, Mama!
     
    Corwin, Jun 5, 2011 IP
  7. BRUm

    BRUm Well-Known Member

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    #6587
    Aha! I knew I was not being mislead when I heard the other day unemployment in the US was closer to 10%, while the establishment say it's a few percent. Mate, you think you have high energy and fuel costs! How much does petrol/gasoline cost you? It costs about £1.40 per litre here, which is $2.30 per litre, which is £5.30 per US gallon or $8.70 per US gallon.

    Great point. Never knew about that.

    Hey Corwin, I notice you have C compilers in your sig. are you a programmer yourself? :)
     
    Last edited: Jun 6, 2011
    BRUm, Jun 6, 2011 IP
  8. Mia

    Mia R.I.P. STEVE JOBS

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    #6588
    Mia, Jun 6, 2011 IP
  9. gworld

    gworld Prominent Member

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    #6589
    Mia, it is bad enough that you always try to use this forum find a boyfriend for yourself but it is even worse that now you are trying to do it for your other family members. Stop posting your sister pictures. :mad::D
     
    gworld, Jun 7, 2011 IP
  10. BRUm

    BRUm Well-Known Member

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    #6590
    It's very interesting that with all the talk of depression, recession and economies the American public and some politicians were led to believe that in 1913 the creation of the beastly 'Federal' Reserve would end economic disasters! In fact, those which preceded the creation of it were, at the time, used as evidence of the need for it. What happened in 1929 then? Or during the 1930s? It seems a monopolistic and centralised monetary system did absolute dick.

    Wilson wrote with despair and regret shortly after he signed the acts which led to the constitution itself being amended for the income tax.

    I think you should all grab yer rifles and let your local Commitern branch know you don't need their inflationary, debt enslavement system any more.

    Could have gone a few different ways, yet managed to go the worst?
     
    Last edited: Jun 7, 2011
    BRUm, Jun 7, 2011 IP
  11. Blue Star Ent.

    Blue Star Ent. Well-Known Member

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    #6591
    It all comes down to two mindsets :

    "I am going to have others to think and do for me."


    OR


    "I am going to think and do for myself."​



    "Spreading the wealth around" is in the first category.


    "Expecting to enjoy the labor of your hands" is in the second category.

    Ask yourself a question. Which state of mind are most Americans in, the first or the second ??



    That will answer your question about how the "worst" way was chosen. It is just a much the fault of those who abuse power as those who give them the power.
     
    Blue Star Ent., Jun 7, 2011 IP
  12. Mia

    Mia R.I.P. STEVE JOBS

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    #6592
    The last 2 years are proof positive that Keynesian economics does not work.

    Well it does if you want a society to collapse on itself. ;)
     
    Mia, Jun 7, 2011 IP
  13. Corwin

    Corwin Well-Known Member

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    #6593
    You're looking in the wrong direction. The Great Depression was caused by a lack of credit. Companies couldn't finance their day-to-day operations because there wasn't enough money in the system for banks to lend out.

    Today's problems are similar, yet different. This Great Recession is caused by a lack of credit - banks aren't lending out. But this time it's not for a lack of money in the system, it's for a lack of faith in the system. Bankers, corporate CEOs, CFOs - anyone who is a significant mover/shaker thinks both the Democrats and the Republicans are full of shit and Washington is rigged.

    If you want to watch a good summary of how we got here and where we are now, watch the HBO movie "Too Big To Fail".
     
    Corwin, Jun 7, 2011 IP
  14. Rebecca

    Rebecca Prominent Member

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    #6594
    Breeze, I thought you would like this video. :)

    [video=youtube;kVFdAJRVm94]http://www.youtube.com/watch?v=kVFdAJRVm94[/video]
     
    Rebecca, Jun 7, 2011 IP
  15. Corwin

    Corwin Well-Known Member

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    #6595
    Rebecca, terrific video, thanks!
     
    Corwin, Jun 7, 2011 IP
  16. BRUm

    BRUm Well-Known Member

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    #6596
    More like credit itself is the problem. Dissolve the entire scam itself that is stock market industry, I say.
     
    BRUm, Jun 7, 2011 IP
  17. Breeze Wood

    Breeze Wood Peon

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    #6597

    The Great Republican Recession lasted from Dec. 07 to June 09 with negative GDP for each month during that period. The recovery beginning in June of 09 to the present month has produced uninterrupted positive GDP growth since that time.

    Keynesian economics not only curtailed the Recession it prevented the economy from entering into an even deeper and a more threatening Depression.

    The severity of the Recession was the catalyst for the steps necessary and boldly implemented by the Present Administration and that from the present date of June 2011 to November 2012 the implementations will increasingly and without hesitation prove the foundation for the greatest economic recovery in the history of Mankind.

    Remember, the Liberals were the last to balance the budget and begin paying down the deficit in 2001 - since 2002 there has not been a year without deficits.
     
    Breeze Wood, Jun 7, 2011 IP
  18. Corwin

    Corwin Well-Known Member

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    #6598
    Breeze, no one believes your lies.

    Fareed Zakaria was on Jon Stewart tonight. Fareed says that unemployment is actually 24 million. That means real unemployment is closer to 20%.

    Fareed pointed out that Obama has no trade policy, no labor policy, and no energy policy. Unlike Germany, Obama is not investing in education.

    Fareed has written elsewhere that we may not get out of this recession until 2015.

    Obama is like a deer in the headlights.
     
    Corwin, Jun 7, 2011 IP
  19. gworld

    gworld Prominent Member

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    #6599
    If he does, then he has to watch out for your friends shouting that he is a socialist or communist and how does he dare to spend your tax money on educating poor children instead of giving a new tax cut.
     
    gworld, Jun 7, 2011 IP
  20. BRUm

    BRUm Well-Known Member

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    #6600
    But Gworld, look were welfare has taken us. There's no point telling the Americans socialism works when it has played a large part in destroying our country. Our education system is a mess and Big Bro' made sure he poured plenty of printed money into it.

    Being taught a syllabus is not a right. Taking other people's money in order to receive what the government claims is an "education" is not a right. God damn the collectivist mindset!

    I will say, though, to my surprise England has some of the most liberal (the original meaning of the term) home schooling laws in the world.
     
    BRUm, Jun 8, 2011 IP
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