Darker Days Ahead?

I am in South Central PA and I moved up here from Northern VA...after I lost my FT job before Christmas. BIG MISTAKE.
They have higher unemployment, the factory jobs are not hiring, and you have to be very mobile up here just to get around.
Lots of rentals but sales are sluggish at best. Lots of foreclosures and farm land for sale. Credit is tight. Jobs are scarce.

Just remember cami77 (so you are barely 30 years old) - you really don't know much about much. I grew up in the 60's - "Don't trust anyone over 30"!

Just remember cami77 (so you are barely 30 years old) - you really don't know much about much. I grew up in the 60's - "Don't trust anyone over 30"!

Obama-bin-Laden, and old Joe understand the economy? I have no problem with Biden.

The Bush Depression


In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit.Bush created a national debt larger then the first 42 presidents combined
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why isnt obama 25 points ahead

The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.

Let's teach him we are smarter than that .

31 states are voting now, dont wait
Elect Obama Biden 2008





Check out this video of sarah palins interview before you vote



http://www.youtube.com/watch?v=r36Xc0GG4i

It is all about a shift in global equalibrium. Consumption has spread from the US to many more countries, and will continue to infect more and more of the worlds population to the final equalibrium point is reached. We are now at the door step of the looking glass, passing into the realm where globalization has finally reached critical mass. Where only a small percent of the world once were consumers, now the entire world will be. The end will justify the intense pain that is ahead for the entire world. It will not be a pretty transition.

Sacrifices will have to be made, and not just by one segment of society. We need a system that works at least moderately well for everyone. That's going to take a lot of finagling.

http://www.perfectse.com---Web2.0 search engine, let you decide which sites are good for you.

http://www.perfectse.com---Web2.0 search engine, let you decide which sites are good for you.

The Next Generations of Americans will have a much tougher time of it than Baby Boomers had. A life of Debt and low wages while strapped witht the cost of caring for an aging populace and an infrastructure that has had no real improvements for 30 years is what the real problem is. Tax cuts for the rich is not going to help this mess only a revolution or a truely inspired leadership will and I do not see that comming from anyone over 50.

Why not let house prices fall, it???s nothing that we can really do. So let???s stop kidding ourselves, we???re not in a recession we are on the heels of a depression. President Bush and his cronies and homeboys has rape this country financially, Bush had put all these dummy companies together like Homeland Security and so many more in order to channel huge sums of money from the national treasure to the sliver lining of his greedy buddies pockets. And the sad thing about it is that the government has become just like an ordinary big company that employee wake up to go to work for and find out when they get there that the company has shut down and the doors are lock, out of business and no job. The government is the biggest business in the country and they don???t have a financial forecaster to see four months down the road of the market and see that we are in a depression, be serious. Can someone have the guts to stand up and let America know that the country is head for a depression; like 1929 hard times? And if the congress and senate on capital hill is to scare to confront Bush and his bullies, then they need to call the police to arrest Bush and the energy boys and the rest of the bullies (911). This was what the war was all about; madness but organize madness, a divergent to distract us while thieves run away with billions of tax payer dollars, just think. Or are we to dumb to do that. They say a picture is worth a thousand words, look at Bush in Kuwait holding hands with his Arab buddy. They???ve laid the con down to perfection, the sting of all stings. His little victory dance shows his stupid arrogance.

There is no point in warning the Americans of the "Darker Days Ahead" because the government has led them to believe that everything is okay. Even the Katrina debacle has been accepted by the Americans as okay! So Mr. Robert Reich please don't waste your time and energy!

Regarding the comments "the markets rebounding and nobody knows anything" ,...

http://pacificgatepost.blogspot.com/2008/02/there-is-some-good-news.html

Regarding what HAD to be done:
http://pacificgatepost.blogspot.com/2008/02/rebounding-us-economy.html

Let's get the ideas to both the bottom of the financial food chain and to the top, was well as to Washington. Regardless, this recovery will begin on the ground floor.

Franky, I feel tired of hearing gloomy predictions. Whatever can & should be done, let's do it, then stop worrying about it.

"Ain't nobody happy unless Wall Street is happy" seems to be the Fed's guiding principle. Since its former
accommodative stance is bankrupt, and until it can put a newly contrived one in place, the only way it can please the bankers is to create "volatility," the ups and downs of which entice more lambs to the slaughter and enable the insiders to unload their overpriced merchandise. Mr. Reich is correct in one regard: The current American economy, both in its origins and in its likely outcome, can best be described in scatological terms.