Bushes Prime time appeal

[fltoo]

You missed the housing collapse, predatory lending, deregulation,the bank failures, unemployment, and the bailouts. LOL

Try to be more accurate next time.

[Flamingo]

I agree with JR, this is more of a band aid than a fix to the problem.

The soup kitchens and the jobless people will again be on street corners selling apples and pencils as during the Depression. It is going to take a long time for this country to recover from this so batten down the hatches, don't do anything crazy with any money you have saved, especially in a 401(k), spend smartly and ride it out as best as you can.

[banca rotta]

The soup kitchens and the jobless people will again be on street corners selling apples and pencils as during the Depression. It is going to take a long time for this country to recover from this so batten down the hatches, don't do anything crazy with any money you have saved, especially in a 401(k), spend smartly and ride it out as best as you can.

And you know this how?

There's a lot of economists just like you that predicted 32 of the last 3 recessions.

I am admitting that there is a slowdown still not sure how to define it since it takes months after the recession to label it as one.

We will NEVER have another 30s style depression again! No one will let it happen. Congress will keep bailing out people and companies and wall street executives. We will continue to pay for it with higher taxes and living with an aging infrastructure.

In those days the poor starved to death while today some poor are obese and getting free state sponsered diabetes treatment.

Not trying to be down on the poor just making a point as to how different the 2 worlds are. Today's poor have cable TV and live in housing projects. During the depression they slept in the street.

[fltoo]

The soup kitchens and the jobless people will again be on street corners selling apples and pencils as during the Depression. It is going to take a long time for this country to recover from this so batten down the hatches, don't do anything crazy with any money you have saved, especially in a 401(k), spend smartly and ride it out as best as you can.

The sky is not falling, although I agree with your advice.
Save cash and keep contributing to the 401K if you are young, especially if your company matches it.

The "poor" have more programs to help them than the middle class. No one goes hungry or homeless unless it is a personal choice. There are so many programs for food, health care, housing and on and on.

During the depression, people really did starve. This will never happen again.

[banca rotta]

I do stand corrected though.

The only time Flamingo's grim outlook may happen is God forbid our enemies attack us with a WMD. Let us pray this never happens.

[JRScott]

Actually it could be worse than the 1930s.

There is several big differences.

1. In the 1930s we were largely Energy Independent. In fact keep in mind that Japan attacked Pearl Harbor in 1941 because we stopped shipping oil to them (as well as other goods but oil was the main reason). Today we are Energy Dependent. Without energy we can't revitalize industry as we need to to come out of a Depression.

2. In 1930s the national debt was 16.2 billion. Today the national debt is 9.72 trillion. This does not count the 53 trillion in unfunded entitlement programs going forward that are kept off official balance sheets. By the 1940s our debt had tripled to help the government pay for Depression era programs. We simply can't afford to triple the debt.

3. In 1930s our money was backed by gold. Today its not backed by anything.....

4. China has told its banks to stop lending us money. They are the largest creditor of the United States, (Second largest is Saudi Arabia). Without such loans it is impossible to do the government programs similar to the 30s to pull folks out of the depression.

5. If corporations fail people will lose their jobs. As folks lose their jobs they have less disposable income to donate to charities and good causes. As such these programs will run dry within 6 months of the start of a major Depression. If you want to invest in anything for the next year, buy non perishable food for yourself and your family with the goal of having a year's supply on hand eventually but don't go in debt to do so. Then rotate on a regular basis but keep that year's supply in the future best you can.

However even giving you these 5 points, I think the bail out is worse because it will not avert these effects and we can't afford the additional debt.

Think about it, they've been bailing out these companies and its not helping. More of the same will not change the equation. The problem is they are afraid, afraid of what really needs to be done. To many of our politicians think short term and in truth there is no short term solution. It will probably take 10 years to pull us completely out of the problems we face, but only if the government is willing to let the people do.

[Bandit]

Firstly, the USA has not failed. We have problems, we will fix them.

Secondly, FDR did way more damage.

I am not a Bush fan, but this blame Bush rhetoric is getting so old.

You have not fixed anything.

Yes it is bushes fault and we will continue to blame him for lying to the public and to congress. He raised the debt in 8 years of what it took 200 years to accumulate.
You may love Bush and give him glory and honor all you wish. I will continue to spill the beans on the biggest liar to ever run the whitehouse. Not only is he the fattest liar and has failed the USA with failed policy- he has made the entire globe hate americans.

You simply cannot handle the truth of a country that is falling to pieces..so stay in denial...nothing is being fixed..they are getting deeper and deeper into problems!

[Bandit]

The sky is not falling, although I agree with your advice.
Save cash and keep contributing to the 401K if you are young, especially if your company matches it.

The "poor" have more programs to help them than the middle class. No one goes hungry or homeless unless it is a personal choice. There are so many programs for food, health care, housing and on and on.

During the depression, people really did starve. This will never happen again.

this will never happen again? what rock are you crawling out from under.

No one goes hungry? You are so full of it.

[Bandit]

And you know this how?

There's a lot of economists just like you that predicted 32 of the last 3 recessions.

I am admitting that there is a slowdown still not sure how to define it since it takes months after the recession to label it as one.

We will NEVER have another 30s style depression again! No one will let it happen. Congress will keep bailing out people and companies and wall street executives. We will continue to pay for it with higher taxes and living with an aging infrastructure.

In those days the poor starved to death while today some poor are obese and getting free state sponsered diabetes treatment.

Not trying to be down on the poor just making a point as to how different the 2 worlds are. Today's poor have cable TV and live in housing projects. During the depression they slept in the street.

NEVER?

wise up.

[Bandit]

Good LORD??? From SOCIALISM TO COMMUNISM in only 1 Month WTF??

Exactly...these corrupt politicians do not have a clue what they are doing from day to day yet are prepared to shoot up the disorderly american public using the army.

IT changes like that from day to day because they do not know how to fix all the problems.

What you said about borrowing from china is actually a reality. Our bridges roads and tolls are all being sold to pay debt. I suppose the fertile land and freshwater lakes will be next up for sale.

[HHM]

Gotta love cynicism vs skepticism...cynicism is illogical (i.e Bandit) whereas skepticism is the sympton of a reasonable mind.

I think people are forgetting the timeline, the groundwork for the mortgage issue arose during Clinton's time. If you really go back and look at the history, believe it or not, not much changed between from when Clinton left office an Bush took over.

[Bandit]

Gotta love cynicism vs skepticism...cynicism is illogical (i.e Bandit) whereas skepticism is the sympton of a reasonable mind.

I think people are forgetting the timeline, the groundwork for the mortgage issue arose during Clinton's time. If you really go back and look at the history, believe it or not, not much changed between from when Clinton left office an Bush took over.

Clinton did not raise the national debt or put us into this tail spin. Every policy of Bush has failed! All of it...all 8 years.

Why dont you state facts that are reality instead always trying to criticise people to prove yourself.

[fltoo]

this will never happen again? what rock are you crawling out from under.

No one goes hungry? You are so full of it.

Yo Bandit

You mean like this?

[Bandit]

I guess you met bandit.

It's bush's fault for 9/11, all the hurricanes, earthquakes, tornados, tsunamis, expensive oil. Please add to this anything I missed. I'm sure someone will.

I don't like bush's mishandling of a lot of issues but that's different then blaming him for most of it.

I feel the same way fltoo, I no longer support Bush but the blame game is very old and tired. I don't like Clinton either but never held him accountable for problems others caused. I do wish he captured and killed osama but that's for another day on another thread.

The American experiment will only fail if we let it.

Mishandling? ROFL

US citizen, I hate to bring you the bad news but you dont have any say so in what these politicians do...nor is wanting osama dead your choice.

I see you like to blame others yourself.

It's bush's fault for 9/11, all the hurricanes, earthquakes, tornados, tsunamis, expensive oil. Please add to this anything I missed. I'm sure someone will.

You are 100% wrong about this and you are doing it to deflect the real issues.

[Bandit]

Yo Bandit

You mean like this?

Stop deflecting and address the issues. If you have a point then please make it.