It’s Just a Flesh Wound

I guess I am somewhat satisfied in my own personal life but NOT satisfied where things have been going. I used to work for a Fortune 500 company. When it became crystal clear that they no longer wanted an R & D Department (apparently they knew everything there was to know about making beer and saw no further reason to keep doing research to improve the product and packaging) I left, sold my house that had doubled in value and moved to a new location where I purchased a house free and clear. I have always lived within my means and have been horrified watching the housing bubble become bigger and bigger. My depression era parents had always instilled in me the value of living as debt free as possible. Republicans have always accused the Democrats of being tax and spend liberals. Since Reagan was in office the Republican party has gone from being responsible financially to being the party of "spend and stick it all on the credit card for future generations to pay". The government has not lived within it's means. Business and government together tacitly encouraged people to follow the same poor financial practices and people did so with gusto.

Republicans need to get back to basics and encourage people to live within their means. If elected again they need to lead by example. They also need to stop putting mindless faith in the FREE MARKET FAIRY. There need to be some rules established instead of forever deregulating and then acting shocked & appalled that people responsible for financial institutions actually become greedy and corrupt.

Nice comment.. Good for You! I am 54 years old, have 3 boys, 2 have graduated from Arizona State, and one is a freshman at Virginia Tech. I was "extravagent" - nice home, used cars for everybody, and they were all in sports - that was alot of money! But we live for our children. However, I was fortunate that my ex is a professor at Virginia Weslyan, so my youngest son is being taken care of. I guess my point is, now, I am unemployed, living in an apartment, old truck, but I am satisfied!

Kudos to you, too, quasqueton! That was witty. Much appreciated.

And kudos to you quasqueton! Very witty. Much appreciated.

Kudos to you, Newsweek! That was witty. Much appreciated.

Kudos to you, Newsweek! That was witty. Much appreciated.

To glimps: I have nothing against Ralph - he really believes in something, unlike Obama. However, I haven't thought he was "cool" since I was 18.

THE GREAT BUSH DEPRESSION
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
He perfectly predicted the current meltdown and the picture he paints about what will happen next
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 ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything seen in generations
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 how its been broken.
It is no surprise that he doesn't. The people that make up these securities use quantum 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 was the last to know somthing 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. Check out this link to the truth http://my.barackobama.com/keatingvideo
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 budget surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
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 are the polls even close then ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that
Stand up and hold them accountable
Bush isn't on the ballot this year but his policies are
Elect Obama Biden 2008






Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

THE GREAT BUSH DEPRESSION
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
He perfectly predicted the current meltdown and the picture he paints about what will happen next
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 ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything seen in generations
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 how its been broken.
It is no surprise that he doesn't. The people that make up these securities use quantum 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 was the last to know somthing 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. Check out this link to the truth http://my.barackobama.com/keatingvideo
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 budget surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
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 are the polls even close then ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that
Stand up and hold them accountable
Bush isn't on the ballot this year but his policies are
Elect Obama Biden 2008






Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

Thank you for answering the question that wouldn't go away. So my guess was correct, they're gol'darn idiots, you betcha!

You are very right that America and the world in general has "had worse" just as the Black Knight says to Arthur. We are no where near the level of the great depression. We are almost to the point of the days of the oil embargo of the 1970s though. No-one these days seems to remember that an economy has to have its ups and downs. That every economy continually cycles between inflation and recession with a rare dip into depression. My guess is that either a bunch of us slept through all the times economics was covered in school or they have forgotten what they have learned and replaced it with what the media tells them.

Irregardless of what the governments of the world do the world economy will get better and eventually cycle back towards bad then good, over, and over, and over.

I think this article asks a question which should sound stupid to the 86% but is absolutely smart for the rest.

Only the countries whose populations are willing to work and produce have the "FUNDAMENTALS OF THE ECONOMY" to come to aid of the ones whose FUNDAMENTALS ARE BAD. The ones who are scared of their own shadow without any faith in themselves or their countrymen are the 86%. Just because the majority believes something, it does not mean they are right. This 86% is the people who laughed at McCain for saying that the FUNDAMENTALS OF THE ECONOMY ARE SOUND. The 10% are those with cool heads who agree with McCain and are the ones who will make money hand over fist no matter who wins the Presidency. See the DJIA right now

Monty Python rules.