Ferd, you have been eternally optimistic about this. I hope you are right. I am frankly very concerned and have been. I haven't seen anything like this before. It just seems so severe.
We have been looking at a house in the country. I am on the fence about buying it. Part of me says yes and part says no. One reason is it is 30 minutes out from work and right now I am 10. I hear gas is going to go up again too.
ILG, You can never go wrong living in the country. I would if I could. But honestly, you have never seen anything like this before? You lived thru the early 80's and the 1970's. You have seen worse.
in 1982 thru 84, (dont remember which year) unemployment reached 10% The Russians were still rumbling and the economy was in shambles. We were just coming off a period where intrest rates were as high at 21% and inflation had reached a feverd pitch. Over a thousand banks failed.
We HAVE seen things worse in OUR lifetimes. That doesnt mean things cannot get worse. Certainly they can. maybe they will. But the facts dont piont there YET.
And really every economic downturn in my lifetime has seen a group of people claiming that "this is the big one". Maybe one time they will be right. But not because they knew it. Only because the blind hog finally found an acorn.
__________________ If I do something stupid blame the Lortab!
ILG, You can never go wrong living in the country. I would if I could. But honestly, you have never seen anything like this before? You lived thru the early 80's and the 1970's. You have seen worse.
in 1982 thru 84, (dont remember which year) unemployment reached 10% The Russians were still rumbling and the economy was in shambles. We were just coming off a period where intrest rates were as high at 21% and inflation had reached a feverd pitch. Over a thousand banks failed.
We HAVE seen things worse in OUR lifetimes. That doesnt mean things cannot get worse. Certainly they can. maybe they will. But the facts dont piont there YET.
And really every economic downturn in my lifetime has seen a group of people claiming that "this is the big one". Maybe one time they will be right. But not because they knew it. Only because the blind hog finally found an acorn.
I know people are always gleefully proclaiming a "big one". And, yes, I remember rough economic times. What I don't remember is the government stepping in this much and this much negative prognostication from so many sectors. I am concerned for the future.
__________________
Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
One thing I have always thought and I have noticed that in the last decade or so the "endtime" preachers have started preaching, is that these big changes that will occur will not be forced on people but will be a logical result of circumstances.
Huge economic, political, and cultural chaos opens the door for a lot of these things. I have seen a lot of little things that seemed crazy when proposed over the last few years that might some day soon be accepted as ratoinal. Among them the idea of taxing those of us in "weatlhy developed nations" with a "world tax" of whch the proceeds would go to support third world nations. I would like to think that goofy idea would still be outright rejected by Americans no matter how far they are moving to the left but who knows.
If it's wrapped in a "for the children" theme, they could get lots done that wouldn't normally be accepted.
__________________
Psa 119:165 (KJV) 165 Great peace have they which love thy law: and nothing shall offend them.
"Do not believe everthing you read on the internet" - Abe Lincoln
I know people are always gleefully proclaiming a "big one". And, yes, I remember rough economic times. What I don't remember is the government stepping in this much and this much negative prognostication from so many sectors. I am concerned for the future.
Plan accordingly!
Or as the Boy Scout Motto says "Be parpared".
__________________
Psa 119:165 (KJV) 165 Great peace have they which love thy law: and nothing shall offend them.
"Do not believe everthing you read on the internet" - Abe Lincoln
ILG, You can never go wrong living in the country. I would if I could. But honestly, you have never seen anything like this before? You lived thru the early 80's and the 1970's. You have seen worse.
in 1982 thru 84, (dont remember which year) unemployment reached 10% The Russians were still rumbling and the economy was in shambles. We were just coming off a period where intrest rates were as high at 21% and inflation had reached a feverd pitch. Over a thousand banks failed.
We HAVE seen things worse in OUR lifetimes. That doesnt mean things cannot get worse. Certainly they can. maybe they will. But the facts dont piont there YET.
And really every economic downturn in my lifetime has seen a group of people claiming that "this is the big one". Maybe one time they will be right. But not because they knew it. Only because the blind hog finally found an acorn.
There are more people unemployed today than any other time in American history. The number is around 5,000,000.
This is the first time we have socialized (nationalized) banks and entire industries.
And Ferd, you are pretending that this is as bad as it is going to get.
Mr. Steinway, the more the government spends, the bigger the drag on the economy.
it may sound counter intuative, but the fact is, we have never spent out way out of an economic down turn. it cant be done. Every dollar the government "spends" it has to take more than a dollar out of the real economy.
I just had to throw in this comment.... I got back from picking up prescriptions for my hubby at Walmart, and while waiting on them to be filled-- I found Kraft Mac & cheese for 50 cents a box. My 15 year old daughter wanted to just walk away from me when I put 20 boxes of it in my cart. She said, Mom, the cashier is gonna think that is all we can afford to buy to eat.
I said after the cost of those prescriptions, she might be right. (I was joking, but my daughter didn't appreciate the humor)
Linear Mode
