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10 Signs That The Americans Have Begun Freaking Out About The State Of The Economy
Business Insider ^ | 7/18/11 | Michael Snyder, The Economic Collapse

Posted on 07/18/2011 7:15:06 PM PDT by Nachum

All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess.

Click here to see the facts >

In fact, there are all sorts of signs that things are about to get even worse, and the American people are just about fed up.

Virtually every major poll, survey and measure of consumer confidence shows that the American people are becoming more pessimistic about the economy.

Millions of hard working Americans that worked their fingers to the bone for their employers and that did everything "right" are sitting at home on their couches tonight staring blankly at the television. Many of them still have a hard time believing that they were laid off and that there is nobody out there that wants to give them a good job.

There are millions of other Americans that won't get much sleep tonight because they will spend much of the night rolling around in bed wondering how they are possibly going to be able to pay the mortgage. We have never faced such an extended economic downturn in modern U.S. history, and a lot of people are starting to freak out about the condition of the economy. As Gerald Celente likes to say: "When people lose everything and have nothing left to lose - they lose it."

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: americans; bhoeconomy; collapse; default; economy; freaking; globalism; signs; trade
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To: PrincessB
What's really sad is anyone with an IQ more than 2 digits, a basic economics course, terse reading of history, and just a smidgen of research on Oblama could see what would happen if he were elected. And yet, here we are.

The good news is we have democracy and aren't stuck with the mistake for the duration of his life, like the Venezuelans are with Chavez.

41 posted on 07/18/2011 8:47:09 PM PDT by reardensteel
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To: Nachum

I don’t know. I know some people are having a hard time, but I work in the insurance industry. In 11 years of this I have never seen so many people calling in to insure toys that they just bought (boats, Rv’s, atv’s, etc) It has been nonstop since spring. It has been unbelievable. Either quite a few people are in good shape financially, or they are just being irresponsible.


42 posted on 07/18/2011 8:53:24 PM PDT by loreldan (I'm shocked)
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To: baa39; All

Regarding property taxes, you can usually appeal them if you can proved that comparable properties in your area are selling for less then your tax bill or your kind of property. One year everyone on my block got a 78% increase in taxes. After determining that this increase was based on 3 properties that had done major upgrades, I got some of my neighbors together to protest the blanket increase. I know I won my case, I think there was a larger ruling regarding the blanket increases that had affected many streets.

Regarding the severe, sustained unemployment, I think that many have concluded that they just have too much STUFF, and are no longer buying stuff. Thus businesses are laying off people who make, import, or sell stuff. The problem is more complicated than that, but I think it IS a factor.


43 posted on 07/18/2011 9:00:22 PM PDT by gleeaikin
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To: al baby

I ask myself that every time I watch the show. They’re not married, just a couple, as I understand it.


44 posted on 07/18/2011 9:09:59 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
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To: Persevero

My daughter who is in college had a black roommate who voted for hope and change. My daughter told me that she said, “Obama has been a big disappointment for me. He is making everything worse!”

She will probably vote for him again anyway. Sigh.


45 posted on 07/18/2011 9:14:25 PM PDT by lone star annie
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To: gleeaikin
" Either quite a few people are in good shape financially, or they are just being irresponsible."

Or buying the toys quickly before the prices double.

46 posted on 07/18/2011 9:17:40 PM PDT by I am Richard Brandon
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To: Persevero

I’d rather live in a tent or under a bridge than move back in with the folks. Way too many drugs for my liking. I usually live and let live with the mary jane (I dont personally do it, but I try not to judge others), but all the hallucinogens my two knuckle-head brothers are doing...not a chance in hell.


47 posted on 07/18/2011 9:29:12 PM PDT by Soothesayer9
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To: Recovering Ex-hippie

Hell when my mother was a childin the 30’s-40’s in central South Dakota they family used Sears catalogs for TP . She didn’t livein a house with a indoor toilet until she was 22,
she learned how to read by kerosene lamp light. Things will getworse under theleadership of the “one” but we are still a hell of a lot better off than previous generations.


48 posted on 07/18/2011 9:30:35 PM PDT by Nebr FAL owner (.308 reach out & thump someone .50 cal.Browning Machine gun reach out & crush someone)
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To: PrincessB

you won’t have to worry about going to Borders anymore, that’s another one that Obluffer can cross off of his list.


49 posted on 07/18/2011 9:43:40 PM PDT by Newtoidaho (Fight organized crime. Vote out all incumbent Democrats!)
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To: Persevero

wish I could tell you the obama mainiacs think. but I fired all of them and stay as far away form my family as I can.


50 posted on 07/18/2011 9:46:21 PM PDT by cableguymn
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To: Nachum

No worries. QE3 is on the way, and it will cure everyone’s ills.


51 posted on 07/18/2011 10:00:40 PM PDT by Rocky (REPEAL IT!)
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To: Last Dakotan

I once tried to see Fats Domino at a Borders. They told me I could not even wait in line unless I bought the CD he was going to sign (not even his music—just other people doing his songs—so I didn’t really want it but I bought it). Then they announced we should remove the cellophane, rendering the CD unreturnable of course, because he was going to sign the booklet inside. Then he never showed up.

I swore I would never buy another thing at a Borders and I never did. And I’m glad they are gone.


52 posted on 07/18/2011 10:01:07 PM PDT by firebrand (It's a scandal that we have not yet impeached Obama. Can we do it now? Now?)
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To: Cringing Negativism Network

So you oppose my right to trade my goods and services with whomever I want?

Who died and made you my slavemaster?

Don’t be so anti-freedom, dude. It is FREE Republic, not MERCANTILIST Republic.

Go enjoy some of your Juche philosophy: move to Pyongyang.


53 posted on 07/18/2011 10:04:21 PM PDT by Uncle Miltie (Gore Lauds Romney on Climate Position; 0bamaCare was based on RomneyCare.)
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To: Uncle Miltie
LOL. Whatever.

Anti-American commie pinko.
:)

54 posted on 07/18/2011 10:07:24 PM PDT by Cringing Negativism Network
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To: Persevero

I live in a small city of 28000 there was a story in the newspaper 2 days ago about the problem the city is having with abandoned properties there are over 1000 empty houses here.Luckily we are still working as are all 2 of my siblings and their spouses.In the past months the place where hubby works has had to hire for the first time in years as they are haing many retire.I think we have heard from everyone we know wanting to know if hubby would put in a good word for them.He is polite but won’t do that for anyone except family and we have a BIL who is in fear his job will disappear so family comes first.We have a huge garden in and I’m ready to can and dehydrate everything I can get my hands on.


55 posted on 07/18/2011 10:22:16 PM PDT by chris_bdba
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To: Persevero

I don’t know if this is in time to help your friend, but my employer is hiring. http://www.alpineaccess.com


56 posted on 07/18/2011 10:27:18 PM PDT by Ellendra (God feeds the birds of the air, but he doesn't throw it in their nests.)
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To: PrincessB

Don’t know if this helps, but, see post #56 ^^^


57 posted on 07/18/2011 10:33:34 PM PDT by Ellendra (God feeds the birds of the air, but he doesn't throw it in their nests.)
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To: Nachum

I was in DC last week visiting family and friends. We went to the Smithsonian and some other places around the mall. This time of year is the height of tourist season there and it’s normally crammed with people.

This year, it was practically deserted.

The only places that were lively were the restaurants at lunchtime. Mostly federal workers, of course.

Definitely a sign of the times.


58 posted on 07/18/2011 10:44:31 PM PDT by Allegra (Hey! Stop looking at my tagline like that.)
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To: Allegra

It’s just sad.


59 posted on 07/18/2011 10:46:03 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: AmericanInTokyo; Nachum

Why keep it anonymous? For some things are OK, for some much better than that and yet for others things are very bad and they have had to adapt to a very new and harsh reality. I can tell you this, there isn’t much hope that things will be better any time soon.

There was a spot on cable this evening about Caligula and how he managed to destroy Rome in four years. He was killed by a group of the Praetorian Guard led by Chaerea who saw this as a chance to restore the Republic. They put Caligula’s uncle Claudius in charge and things were no better. In fact, the people clamored for a return to the Empire and the death of Caligula’s assassin. Claudius had Chaerea killed and re-established the Empire though worse than before. Sound familiar?

We are living with crushing uncertainty and threat of lots of negatives. I can’t say it is much different from what prisoners lived with, characterized by the Stockdale Paradox. Constant threat with unfulfilled hope that things won’t keep getting worse. Waiting and hoping for something positive that never comes and not knowing how long they must endure. Most people are not able to simply hunker down and endure. I’ve often said we can stand on our heads in a cesspool if we know how long we have to do it and can come up for a breath now and then. obastard is like living in a cesspool without end. Under this condition hope eventually dies, it is dying now.

The guy that works part time up at the farm has given up on finding permanent work after a layoff, call back and then the old line light construction company he was working for just closed the doors. He picks up as much as he can on the side but he is pretty much just under employed. He lives the life Hand Williams, Jr. described... a country boy can survive though he knows he is on the edge.

I think smart people decide on self employment after so long of no success in the job market but they quickly find that regulations creep into every single corner of their lives.

There is a new scam supported by companies who hire small and other businesses called ISNetWorld... ISNUTworld is what I call it. A compliance company that charges the contractor for the service. Sweet deal for the hiring company who are running scared of running afoul of some pass through regulation non-compliance issue. Anyway, each company has their own set of questions maintained by ISNuts and ISNuts makes no effort to sort commonality... just a free-for-all that we have to comply with to work. There are virtually hundreds of inane questions and data collected... it serves no purpose at all but for someone to cover their asses and ISNuts to scam a buck.

Like one guy said, property taxes go up either by appraisal (very unrealistic) or by rate. The locals even rape their neighbors for taxes to feed the machine that serves up power and prestige for a few weak minds. We have been and continue to write checks we can’t cash.

Some people, who retired from public service, are not doing to badly at all though in some states they are wondering how much longer the gravy train can last. Anybody who is self funded in retirement is running a fool’s errand because maybe a fraction of a percent have managed to stash enough and I think the FEDS will eventually come after that at the rate things are going.

Even if obastard does not return this country is so evenly divided that all we will do is seesaw back and forth nipping away a little more each time the left is in power and gaining a lot less back when the right is in power. I fear the only solution is complete and utter destitution, destruction and reconstruction. The right does not have the resolve to make sweeping change because they always keep their eye on politics. As someone here in FR reminded me, maybe they have to for the greater good. I think though that this too is a fool’s errand because all it does is prolong the day until things just fall completely apart. Better to just get it over.

Misery is what most of the country is in though many can put on a good game face and play through. This is the reason for the rising insurance of toys one fellow mentioned. Sort of a live, laugh and love for tomorrow we die mentality?

I wish that every person who voted for obastard were suffering but they are not because most have made a lifestyle out of living in mediocrity on the dole.

So why keep the crimes against humanity that are being committed anonymous? Why hide the terminal illness infecting our Republic, Capitalism and our Freedoms?


60 posted on 07/18/2011 10:46:59 PM PDT by Sequoyah101 (Half the people are below average.)
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