US Economy: Lesson Learned?
 
 
 
 
 
 
 
 
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Comments (8)
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written by Average Arab, December 24, 2008
You also Own a Very Nice Crib May be just go to a lower lasses place and Pay off your STudent loan?
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written by Mark W, October 24, 2008
Just to add.... Lori, it lays the blame partially at Congress. You may find that Congress is only now beginning to wake up. Congress passed the US$700B but initially it didn't want to. So why did it eventually? The Executive branch got to enough of them and "sweetened" the deal folks. I appreciate you don't like to hear this and neither, I can assure you, do I. Why would the Executive branch wish to do this? Again, look deeply into who really governs your country. If you don't wish to you will continue down the same spiral and the "socialism" you speak of will very likely go much further than socialism. It is not, as is hyped, that it was the failure of a free market economy and capitalism. Not at all. It is, in fact, the nature of your (and our) "institutions" which create and CONTROL the money supply. ALL issues fall back to that one common denominator.
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written by Rogeliop, October 18, 2008
Problem is, the taxpayers (the little people) are always the ones to tighten the belts, to build up good credit with ALL that single sentence implies, fork up for health bills, utilities, services, goods... do the 'dying' on whatever conflict the peckerheads at Washington DC can cook up, and there is no single entity that would dare to 'bail out' a single household if serious trouble ensues - like bankruptcy. Yet we are all being tapped on to bail the big money makers now. Please.
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written by Louvac, October 18, 2008
Lori,
Once again, you hit the nail on the head!
Love It.
Keep up the good work.
How about a video tour of the apartment we always see in videos?
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written by gtekman, October 17, 2008
Oh yes.......Just one more Thing. What "we" can afford.
We can't afford Pre-Emptive Wars. We can't afford Wars of Aggression. We can't afford Torture. We can't afford Oil Men in the White House. We can't afford Corporatists running the Country (you know...those revolving doors between Lobbyists and Government). We can't afford our Tax System (that fails us in everyway). We can't afford the NSA's Corruption (that new James Bamford Book...excerpts are fantastic), Corrupt Telcoms, and a Government that rewards incompetence. (Love Rep. Renzi now complaining how warrantless wiretapping was used in nabbing him today...too ironic...LOL)
Most importantly....we can't afford the "Transfer of Wealth" ($700B+) caused by the Cost of Energy crisis.
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written by gtekman, October 17, 2008
Hey Res.,
Kudos, chaka, yesss! Other countries (like three dozen) do a better job than the "privatized" Health Care Industry. With the elite in charge of our country, they don't have a clue on how to make a "Single Payer" System work. Hence, we desparately need to make our alliances and friendships (that we may still have :( )with other countries count for something and get assistence in this new direction. Remember, the Energy Industry has been unable to come up with alternative energy solutions (it's not our business...why should we?) for the last 35+ years. How is the Health Care Industry going to be honest and candid enough to evaluate their own failings and make necessary, critical, and immediate changes?
I am sooooooo behind your direction....and your are making the statements that are the Foundation of the most important Change in a lifetime. Thanks. 'O wau iho no me ke aloha, Buckley
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written by KlaxonCow, October 17, 2008
Except, of course, that the government's response, in order to "fix" the crisis, has been to hock the whole nation to the tune of a trillion or so, in order to buy up inherently worthless "bad debt", buy into banks that are, by definition, at their lousiest, and, well, just give away money for "liquidity" purposes, buying absolutely nothing at all.

Just handing out taxpayer's cash as "free money" to the richest strata of society, as a reward for their deluded incompetence in messing everything up. Yay!

Just before the economy is guaranteed to nose-dive into a recession, unemployment is going to soar, businesses are going to be dropping like flies, etc. - and while also fighting two arguably unnecessary wars that are sucking up money faster than a black hole sucks up stars and planets.

Thus, in order to cure the problem of spending more money than they've actually got, they're "fixing" it by spending even more they haven't actually got at an even more economically disastrous time to be doing so.

Good plan! ;D
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written by Designer, October 17, 2008
...is this a lesson in Economics 101? ;D

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Date :15 October 2008
Views :1906
Votes :16 Rating :4.63
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So, the economy in the United States is taking a beating, to the point of becoming the most pressing social issue. People are losing their houses, banks are closing, and the government is taking a socialist approach while vehemently denouncing socialism in any shape or form in the presidential election arena. Whatever to THAT. Anyway...the cause of this economic crisis boils down to one thing, and it's one thing of which the US government and the American people are both guilty: overspending. We've all been buying stuff on credit. We want the big-screen TV, the 5-bedroom house, the range rover, the SkiDoo, the control over oil in the Middle East, all of it, now. And because credit is doled out left and right in this country, even encouraged by our market, we were all able to grab the whole ball of consumerist wax into our greedy clutches. We were living a buy now, pay later lifestyle. Looks like we're beginning to see the massive amount of interest we've accrued. We're, just now, starting to pay for our sedentary, gimme lifestyles, which we've been living for decades. And while we've been living it, our culture and our waistlines have gone bust. The silver lining to me of this economic crisis, then, is this: I think we're going to see the rise in diabetes slow down, more attention paid to finding alternative fuel and energy sources, and a bit more focus on what I think is most important to begin with, which is family. This economic crisis is going to force people out of gluttony and into circles of people gathering together using their collective resourcefulness to try and work this out. So America, here's hoping we've all learned the lesson on financial responsibility and its correlation to our culture and society. Let me know your two cents on this social issue. [More] [Less]
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