Why It’s Worse Than You Think

Brianwashed 1956: You're obviously still stuck in 1956! Get the facts straight and maybe you can get someone to take you seriously. Don't give a crap about about media comment. Do give a crap that we are headed toward a trillion dollar war to add to our kids debt.

What controls a global economy and domestic effects of our decisions really are two seperate effects.. Our excess government spending regardless of where the money is spent is whats dragging future generations into a hole. Our kids have been and continue to be both the benefactors and the recipients of domestic greed and frivolous spending habits for several generations now. I agree its time to focus on issues at home and maybe a recessionary downturn is what its going to take for force us to do it.

"Banks are extricating themselves from the home-equity-line-of-credit business in the same way college students get themselves out of relationships gone bad: abruptly."
"Five months later, the global economy seems to have decoupled faster than Jessica Simpson and John Mayer."
Really? Who wrote this garbage? This guy writes metaphors like Dane Cook does comedy: poorly.

MAKE YOUR GRANDKIDS HAPPY.......RAISE TAXES NOW.

Thank you George W. Bush. Such a loser you are. And yes, the kids will pay for this ill advised war. How can one say this doesn't have an impact on the economy? How can one say that the leadership has nothing to do with economy?

No doubt about it. Its only going to get WORSE. Espeically if Dictator Bush is left at the helm. We need to get him OUTTA there ASAP.

www.Ultimate-Anonymity.net

No doubt about it, it is only going to get worse. Especially if Dictator Bush is left at the helm! Best thing we could do is get him OUTTA there!

http://www.FIreMe.To/udi

To: ru4real6846: Your Comments were right on target! Bush dug this Nation one Hell of a Hole and it's going to take forever to get out of it! His 12 billion a month War serves no purpose to America at all and as you stated he doesn't care about the people, You are right again, it is the Poor and Middle-Class that always Vote Democrat, And Bush hates Democrats with such a passion, that he doesn't want to turn to the Presidency over to one!

Lets put the other countries in check. Why are we letting them run us? Thanks to our leading fathers of the 1990s we have given them our jobs. Now they have the money to grow their economy and watch ours suffer. We need to quit sending them food. Don't raise the price on what we send. (Again they have the money) Then watch the price of oil come down.

Recently I heard that if the US Dollar was equal to the Euro, oil would be priced at $85 per barrell. The premium over $85 is attributable to the weak dollar which is attributable to 1. the imbalance of trade (importing more than we export) and 2. Excessive government debt due to simultaneously cutting taxes and increasing government spending by going to war on a credit card. In 3,000 years of recorded history no pharoh, king, emperor, tribal leader, prime minister, president etc has gone to war and cut the source of funding for that war known as taxes. The Bush administration literally tried to defy gravity and now we are in a free fall. The economy is a balance of many factors. We now pay something like 10 percent of the federal budget just on interest on the debt. It was 2 percent when Bush took over. It was 3 percent when Daddy Bush took over from Ronald Reagon, our last cut taxes while increasing spending president and it too 12 years to get this back to 2 percent when the historical average since 1940 has been 1.5 percent. Until we act like grown ups and start paying our bills the world is going to discount our dollars and everything is going to needlessly cost more. You always pay the price, it is a matter of what is the currency. Inflation or taxes. I would rather pay a few dollars in taxes to my government that will spend the money here rather than having it disappear as inflation.

In today's world, political persuasion has very little meaning or control over a global economy .. a better question is which political view will allow the government to start gaining some control on its own spending. Neither party are talking about saving, they just have different places they want to spend at a faster rate. Pick your poison because for the next four years it may not really matter who is in charge when it comes to debt recovery. Maybe a balance in power is more whats needed to keep both sides from spending frivolously.

AS AN ECONOMIST I LAUGH AT ALL YOUR MISUNDERSTANDINGS

Hey woodhead, GWB has had eight years to "fix". What the hell has he and his croonies fixed? Absolutely nothing!! Matter of fact, everything touched with the Bush/Cheney seal of approval has been a disaster. From Enron de-regulating California, Katrina repair, Iraq, no child left, Big oil profits. A second grader could see that all the dots connect the same players. Get real!

America's been high on the hog since WWII. Did we not prepare for this? Doesn't everyone know that what goes up, up, up will eventually have further to fall? Not helping would be the leaders of our country at present. America's situation will only get worse before it gets better. Consumerism has done us in. Time to bank your paychecks and live like the rest of the world has for decades.

I think a recession is good, we need to focus on saving and not spending our future. Previous generations have weathered similar down turns and its time for the next generation to learn that frivalous spending habits do nothing for our future. The world economy needs to level and their wages need to catch up. The result will be jobs will return and our exports will increase. We have funded the worlds population long enough and its time for us to focus on our own internal issues.

I think a recession is good, we need to focus on saving and not spending our future. Previous generations have weathered similar down turns and its time for the next generation to learn that frivalous spending habits do nothing for our future. The world economy needs to level and their wages need to catch up. The result will be jobs will return and our exports will increase. We have funded the worlds population long enough and its time for us to focus on our own internal issues.

Why is recession so bad? It's the natural order of things. Economies go up, and economies go down. Smart folks don't whine, they adjust to the situation and roll with the punches. No storm lasts forever.

I like the old Spanish saying, which roughly translated says: "When everyone starts crapping themselves, sell them diapers!"