The dollar hits a new low against the Euro :(

All commodities are increasing in price. Food, precious metals, oil, real estate, cigarettes, alcohol are all sky high. The only thing cheap is chinese goods due to the low costs of slave labor in communist countries.

1998 the price of regular was 89 cents a gallon in South New Jersey.

 

Americans are the new wet backs.

 

As long as the European and Asian banks keep loaning the U.S. money we wouldn't be.

 

Why should gas be $20/gal? The oil companies aren't profitable enough? BTW, I see you agree with me about inflation. Which means your dollar is buying less, which means you work more for the same goods.

George Bush has given normal people jack with his tax cuts. He has managed to make it harder to file for bankruptcy.

As for Wal-Mart George Bush and the gang seem to be some of the biggest pushers of this slave labor. After all it's capitalism--all about the Benjamins

This is how they promot this equity business:

http://www.stretcher.com/stories/02/02sep16b.cfm

This is exactly what many people do. This frees up the credit cards so they can do it all over again. Hurray for capitalism. And when I mean capitalism, you have to realize that today many people are playing big-time games. It's like online poker for the really big boys. Everyone else...well we are the worker bees.

 

I picture it as rats in a maze and at the end of the week you get your piece of cheese. When you expect cheese every day they put out sticky boards.

 

http://www.consumeraffairs.com/news04/2005/xmas_carol_2005.html

Proof positive of how robust the US economy is

People have been spending beyond their means for a long time and for many reasons. It can't go on forever. Especially when the powers that be are doing their best to degrade the infrastructure and manufacturing base, all the while spending stupid amounts of money on a war (i.e., cronyism).

 

The housing bubble and americans spending beyond their means has been the economy over the last 6 years. The US has lost over 2 million manufacturing jobs over that time period.

 

Every commodity you mentioned above is taxed heavily, and more still, has had it's tax rise higher than the rate of inflation over the years... Vote democrat if you would like to continue that trend.

I'm refering to the average price / gal overall. NJ is unique in the fact that they do not have the ridiculous high gas taxes many other states do.. I'd imagine gas would be $1.50/gal in WI, if it were not for our gas taxes and Doyle.

If you compare gas with other commodities that have risen in price exponentially over the years, by comparision, gas prices have not risen at the same rate. People in Europe have been paying $8/gal in some cases for years. Gas in the US is cheap, was cheap, and probably always will be cheap, again, by comparison to most other European countries. It is also less than it would be if not for price controls that our government negociates with OPEC...

This is not about oil company profit... Individual states in American are rolling in the dough, so to speak as well.. In some cases nearly 50% of the price at the pump is going to your own state in the form of tax. What do you think pays for roads in the non-tolling states?

Bull shit... What do you consider a "normal person"? Everyone has recieved a cut. Everyone that WORKS and PAYS TAXES that is. Are normal people, people who do not work? Everyone has received a cut, everyone that WORKS and PAYS TAXES...

One example is the 1000 dollar per child tax cut. Every person in American that WORKS and PAYS TAXES and has a child, gets $1000 back per child. It's been that way for several years now.

Shall I cite some more examples where you have not? We are taking in MORE revenue under GWB's tax cuts as a result. That is an undisputed fact. All one need do is look at the US Dept of the Treasury's reports for the last three years.

Making things up because you do not like Bush is just silly and counter productive. You cannot ignore the facts. Doing so makes you look like a complete idiot.

Oh yes, because before GWB, Wal-mart and other business never existed... And as we all know, GWB is from Arkansas and has big interests in Wal-mart..

Wait, wasn't Bill Clinton from Arkansas???

As we all know, pre-GWB, there was no captialism.... GWB created huricanes, toxic waste, terrorism, and of course, slave labour...

Again, by making things up, you make yourself look like a complete idiot.

The reality here... Don't live beyond your menans. Unfortunately 8 years of Clinton created an atomosphere of "living on borrowed time", "spending other people's money", and or, "spending money you do not have".

It was a sad time in our nations history. It created one of the largest recessions in our history, resulted in higher prices at the pump, at the grocery store, for cars, luxury items, and essentials of life as well. It was also responsible for the dot com burst/bust, among other things, like ERON, TYCO, and the list goes on...

The 90's were probably the most decadent, and wasteful in our nations history. Luckily, with the help of hard working American's and a congress and president that are pro-progress we were able to dig out of the rut that Clinton created.

Want to go back to shit? Vote democrat.

This is not capitalism.. This is a mis-guided consumer following a trend set by the Clintons and the "living on borrowed time" 90's.

Captialism is a system by which people freely work and build business and commmerce without governmental interference. Capitalists make money, they don't borrow money to pay off other borrowed debt.

You're thinking of "Governmentalism".. They spend it.

Anyone who borrows money to pay down debt only to run debt up again deserves what they get. That is not the fault of the president. People have been doing what you said for years... Even prior to Bush... I'm willing to bet they will keep on doing it.

You might want to look up the definition of capitalism.. It has nothing to do with idiots running up CC debt and then paying it down with more borrowed money only to do it again... You're thinking of Clintonism.

No, only in part... The main source of our booming economy was the direct result of tax cuts. More Americans with more money in their pockets to spend and put back into the economy has meant, more jobs, more income, more goods and services, and of course, MORE TAX REVENUE...

As a result the deficit has been shrinking as well... Facts don't lie... All one has to do is visit the US Dept of Treasury's website for these and more facts.

While you tout the loss of 2 million manufacturing jobs, you forget to include the fact that over that same period, unemployment has been at its lowest level in decades. And also over that same period, millions of NEW jobs have been created... There are more people working in American now than at any other time in our nation's history.

Talk about net loss next time, and you will see some positive figures.

Making things up, or even worse, leaving out certain facts to create a desired result does nothing more than make you look like a complete idiot.

 

um because houses are over valued by over 100% and their value is falling,

why buy something now that I will be able to buy for 30% less in year or two

I love you guys positive outlooks but things are going to be bad in a little while for at least a little while for a fair amount of people

If you are watching the news unemployment is rising and those figures don't even include all the real estate/mortgage hacks that are recently out of job

House construction is falling, ever time that has happened in the past it has been right before a recession

Americans have a negative saving rate and our economy has been propped up by people using their home equity as a bank account

Sales on cars, motorcycles and boats has already dropped dramatically due to people not being able to tap the equity from their homes anymore

 

and that whole low dollar is great thing sounds like BS, if having worthless money is good then Mexico and the third world is really kicking ass, their money is worth so little people open sweat shops there , are you guys hoping that we can get the dollar low enough that people will open sweat shops in the US?

Also low dollar means instead of Americans buying up foreign companies and properties, foreigners are buying up our companies and properties, I really don't see how you can see that as a positive

 

have you actually sold a home for 10 times what you bought it for ? or are those imaginary values?

 

Here's a trillion dollar bill for Iraq, oh, don't worry here's a 1,000 dollar a child tax credit. Don't let your left hand know what the right is doing? When inflation is running amuck (and they play games to hide it--again look at your gas prices). Your deficit will have to be payed at some point, unless you really know their will be a total meltdown.

Sorry, you and your friends can keep defend this miserable administration, but everyone else in the contry has caught on. He has done nothing except screw over people who actually work (paying for a war in Iraq, decreasing ability to file for bankruptcy--the airlines still can!). Why do you think he wants half of Mexico in the US? Why is he exporting the manufacturing base? He is undercutting the ability of the working people to negotiate wages, that's why.

I'll leave it to you to figure out why the dollar is becoming worthless, but the answer is right in front of all of us.

 

gas prices dont rise because of inflation; nor is it the only measure of inflation.

 

Yeah, gas prices rise for many reasons--like war profiteering. And housing prices can also help to gauge inflation.

 

so by housing prices going down, doesnt that argue against your original out of control inflation argument?

Or, more likely, through worldwide demand. But what ever helps you sleep at night, I suppose

 

Or because the global economy is growing at 5% and the demand for commodities is increasing dramatically oil being one of them.

 

Housing prices are still inflated. A lot of that seems to have been caused by "flippers." Now they are cutting prices because no one can afford the asking prices. But as a trend they are inflated. Just think of your friends who sold houses witin the last five or so years (but not the last year), and how much money many of them were making.

 

supply/demand. lots of those people "flipping" houses are now losing money on those investments, so the market is correcting itself. the decrease in the housing prices still argues against your rampant inflation complaint.

 

I understand that part of history, what I think changes this time is there has been a bubble in the housing market which forced companies to ramp up supply and build more houses then they would average previously. 40% of the houses bought and sold in the last couple years were second homes. It was a not normal House construction environment. So if it falls from a Higher normal level it doesn't mean its precursor to inflation.

 

I didn't say it was precursor to inflation, I said it was possible precursor to a recession

even if they extra homes where built for second homes it doesn't mean people's livings weren't dependent on building them

http://www.washingtonpost.com/wp-dyn/content/article/2007/09/15/AR2007091501480.html?hpid=topnews

When you fire all the people who were building and selling those extra second homes, it has a major ripple effect, without the extra homes things like furniture stores close or cut staff. Which continues the ripple effect