Are You Prepared For a Rough Ride in 2009?

[StillStanding]

Who would have thought that nationalization of banks would be seriously considered by the US government?

[Ron]

Originally Posted by Sherri

You know, we say that, but..........we went out to eat last night and had to wait in line for a long time to get in a restaurant here that's not exactly cheap. I don't think it's really hit people yet.

Key word.

It is coming though.

[Ron]

Originally Posted by RevDWW

Panic is the panacea of the unprepared!

No need to panic. Just be ready for the worst and hope for the best and things might just fall in between.

Right! We could also be in that group that sees the coming of the Lord!

[Ron]

Originally Posted by Edward Anglin

Then we are at the halfway mark already.

Ugh.

Ferd, I still think you're in denial, but time tells all.

I think this will be equal to, or worse than, the Great Depression.

I also think this has already socialized our country in a remarkably rapid fashion.

You are right!

[Ron]

Originally Posted by Ferd

Ron the Realist button says that unemployment is around 7.3% right now and will likely rise... some.

but it also says, businessess have reported a lot of losses and come the third quarter of this year, their year over year reports wont be nearly as bad as the last 4 quarters because of that.

realism says that resets happen in an economy and this one while not at the bottom may be very close to the bottom. the houseing market still has to shake out some but there has been a LOT of shaking out already.

The realist says things are bad, can get worse but even still, we will find our way out of it.

unless America repeats the stupidity of the 1930s and keeps re-electing the facist.

Ferd, I am rooting for your version!

[Ron]

Originally Posted by CC1

To your point about socialism. I said the very same thing at lunch today. I told a friend that if he had told me one year ago that America would move so swiftly toward Socialism I would have told him he was crazy.

The speed with which huge changes are happening defies comprehension.

Originally Posted by Edward Anglin

God forbid, but what happens if oil goes through the roof, or we experience another attack?

We are very vulnerable, currently.

Originally Posted by CC1

If you look at how the 9-11 attack disrupted our economy it is clear that another attack with similar or greater casualties or destruction of infrastructure would be a huge blow.

Even scarier than the economic chaos that would bring is that it could open the door to rationalization for instituting martial law and suspending civil rights. That would be bad news for Christians. Especially with liberal Democrats in power.

Originally Posted by RevDWW

Could it perhaps be the catalyst for a "New World Order/One World Government" ? I used to get a chuckle at some of the Conspiracy Theory Guys I'd hear, now I'm wondering how much they really know.

Good points!

I believe it is!

[Ron]

We are living in unprecedented times!

[tbpew]

Originally Posted by Mr. Steinway

Who would have thought that nationalization of banks would be seriously considered by the US government?

Seems like a very worthwhile component of a nation's purview to manage core structural items that effect all its citizenry.

For-profit lenders have consistently found ways to work around the regulatory aspects of the public trust and will invent new ways (like derivatives) as soon as the next generation of regs are rolled out.

The banking industry should look more like a regulated monopoly and the Federal Treasury should have to either raise taxes or cut spending but must have a balanced budget.

Deficit spending funded by 10-30yr T-bills is a blatant "thumbing of our noses" at future taxpayers; an overt act of future taxation without any hope of representation by the effected (unless time travel is part of the future mix).

IMO, we are a nation of servant pawns to the private lenders comprising the Federal Reserve.

[pelathais]

Originally Posted by Mr. Steinway

In the last quarter of last year. the average American found out that 40% of their nest egg savings had vanished. They were comfortable with their assets and investments growing their nest egg until retirement age...

Are you ready? Will people continue to faithfully support the church when every penny they make is needed to just survive?

A $1 trillion dollar tax cut would have immediately put that trillion back into the hands of the consumers and beleaguered savers and we'd be well on our way back toward recovery.

Plus, tax cuts have always resulted in net tax revenue gains for the Treasury - the cuts would not have cost anything.

Instead, we just spent almost a trillion for political payoffs for the Democratic Party and saddled our children with that debt.

[Sherri]

Originally Posted by Mr. Steinway

Your prayers must be working! Following are stimulus projects in your area that were part of the bill:

Jackson, TN

• Widen the highly congested Hollywood Drive from Interstate 40 to 70 By-Pass $4,000,000
  
• Intelligent Transportation System which will enhanse the signalization and timing of congested traffic patterns. $2,700,000
  
• Stormwater, Resovoir, upgrades $500,000
  
• Target Rehab/Replacement Housing Geographic Expansion $750,000
• Community Services. Build a transitional living facility for women and children that have been adversely affected by alcohol and drug abuse. $500,000
• Phillips St. Reconstruction Project $325,000
  
• Infill property development North Royal Street $300,000
  
• Small Business Incubator Development-Chester Street $300,000
  
• Single Family Rental Infill Development $200,000
  
• Minor/Emergency Repair Program 3 $150,000
  
• Downtown/East Jackson Street Lighting Project Expansion $120,000
  
• Completion of Anderson Creek Park 4 $75,000
  
• Turning Point Safehaven Completion $50,000
  
• Day Shelter for Homeless Renovation $30,000
  
• Redevelopment and stabalization of blighted downtown areas by constructing office and retail space. $30,000,000
  
• Intraoperable communications system for disasters and public safety incidents. $8,000,000
  
• Construction of a consolidated EMS Center that would facilitate communications between emergency management, city and county pubic safety entities during critical situations. $7,000,000
  
• Visonair Web Based computer system; replace antiquated AS 400; $2,500,000
  
• New high school to replace a 50 plus year old school in a very congested area $27,000,000
  
• Construction of airport hangers $1,400,000
  
• Central office for municipal transit system to supliment new operations center $300,000

Wow! I hadn't seen this list! Some of these things are badly needed, but I didn't know they were on the table. Are you sure there wasn't one about $4 million for a new sanctuary for Love & Truth?