United States Heading towards a Depression?

Obama is a tax and spend liberal. He's calling for another stimilus package and a $1000 rebate to help consumers pay for high energy costs. The problem is that the money doesn't exist and the US already has a 482 billion deficit for 2009.

Consumer inflation in June climbed 0.8 percent, the highest since 1981.

More deficit spending will certainly put the country is a severe recession similiar to the 1980 and 1982 double dip recessions.

 

OH, but the money does exist... We'll just take it from the mean nasty oil companies.

Obama lost me with his race hate speech, and this last one, like all the rest has me convinced he ate paint chips as a child.

Actually he has dropped 9 points in the last week.

 

You really should stop messing up his "reality", you will cause him to go into another "episode" which us tax payers will be paying for again.....

 

Most definately heading toward a depression!!

 

Notice how I said "he dropped 9 points", not McCain gained 9... Had I said it that way, I think it might of had more impact.

I'll jump full force into the McCain Camp if he just picks Hillary as his running mate. Imagine the "episodes" we'd go through with that?

 

do apartments go up or down in price in a depressing economy?

 

Everything goes down in price, it will be deflationary.

 

I think the economy is going to get worse for the next year or two. However I do believe that America has an amazing ability to reinvent itself. And will recover thereafter.

 

I think the question is more of what is happening to the people who experienced foreclosures. If they move into apartments it tightens the apartment market and could cause rental rate increases. If it isn't affecting the rental market then there could be little change. I'd guess that it will vary significantly region by region.

 

GW may not be liberal, but he certainly spent!

He inherited a budget surplus and created the current deficit by his fiscal irresponsibility.

 

More banks and financial institutions are likely to face insolvency and need bailouts before the global financial crisis is over, according to former Federal Reserve chairman Alan Greenspan.

Writing in the Financial Times, Greenspan called the current crisis -- which started a year ago -- a once or twice in a century event and said insolvency would only end once U.S. house prices stabilized, underpinning mortgage-backed securities.

http://news.yahoo.com/s/nm/20080804/bs_nm/economy_crisis_greenspan_dc

Rents never seem to go down. I beleive in a bad economy landlords stop raising the rent 6% every year until times get better.

 

i think I read that in really bubble areas where there was a ton of overbuilding rents have gone down

a lot of people try to rent their places out to hold of forclosure

 

No, a democratic congress spent.

Presidents do not spend. Congress does.

 

Percentage of rent vs. the cost of housing has increase quite a bit, but I wouldn't be surprised that some areas will have the affect you are talking about.

Looking at maps of the worst areas hit sure seems to mirror the maps of the blue voting areas... why is that do you think?

Don't give all the credit to the congress, Bush was pushing for spending as a liberal before congress made its swing into liberalism. Haven't seen much of anyone not guilty of spending. It makes me sick these guys can decide to spend $10 or $100 million without a blink.

 

But Congress gave it to him. Believe me, I'm not defending Bush's spending preferences, but in reality, it took a bipartisan government to agree to the spending that has taken place.

Of course let's not forget we have a war on our hands, and a mess left over from years of fiscal irresponsibility left over from a previous admin that saved money by compromising our safety, security and intelligence. He did get some blow jobs though, so I'm gonna have to say he must have been doing something right

 

Lemme get this straight:

From 2001 - 2007 Republicans control Congress and the Presidency, but their record-spending levels are Clinton's fault...Bush doesn't veto a single thing

From 2007-2008 Democrats control Congress and the record spending levels are all their fault


Fiscal conservatives don't owe anything to the Republican party anymore.

 

Try looking at the voting records of a bipartisan spending congress (each individual)... Not the party with the visible majority.

Once you've done that, I believe you will be pretty "straight".

 

This is weak sauce. Bush signed the spending bills. There was a time when Presidents actually used the veto pen for conservative and fiscal conservative agendas.

No, the spending is not all on Bush. But as the check and balance on Congress, he has been a willing enabler of out of control spending. And it is entirely laughable if someone wants to blame the Dems as if it is a left-right issue. We have one party. Half likes war, the other likes welfare and they all love corporatism. They are mortgaging today at the expense of your children's future and your retirement tomorrow. They buy re-election and votes through inflation and collusion with the banking, medical, military industrial complexes as well as Wall Street.

We'll look back 30 years from now and wish things had been done differently. Well, not me, because I have been ringing the bell for awhile. I know what is coming, unfortunately, some people won't get it until it crash lands on them.

I see some of your attitudes have shifted, and that's a really good thing. You had a rant about the minimum wage that was brilliant and made you sound like a genuine fiscal conservative, which was very cool.

But you have to get past the left-right paradigm. It's a joke, red team vs. blue team, east vs. west, white vs. black, it's all meant to distract us from following the money trail.