Posted on 05/12/2009 7:51:26 AM PDT by FromLori
Edited on 05/12/2009 8:23:31 AM PDT by Admin Moderator. [history]
Any economist fixated on so-called
(Excerpt) Read more at moneyandmarkets.com ...
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Bump for later reading...
Martin Weiss has been selling doom and gloom for years. Yawn.
ping
This “administration” has DONE NOTHING to set the economy up for recovery. It will take tax relief, huge incentives to lending institutions, SERIOUS personal and business tax relief and incentives, AND A GROSS REDUCTION of socialist spending and wasteful political payoffs and vote-buying pork. So far, we see nothing but massive debt spending for political empowerment. Nothing has been done to restore the CONFIDENCE IN THE PUBLIC for investment and spending which is the backbone of our economy. This thread says it all.
Are we going to see what it takes?
An Optimist believes we live in the best of all possible worlds, a Pessimist fears this is true.
Thank you for posting that now its fine then.
Well see what it takes to finish destroying our country I think but other than that no.
Why are we still bringing in 138,000 LEGAL FOREIGN WORKERS A MONTH in the midst of rising unemployment?
Agreed.
"It will take tax relief, huge incentives to lending institutions, SERIOUS personal and business tax relief and incentives, AND A GROSS REDUCTION of socialist spending and wasteful political payoffs and vote-buying pork."
I agree this admin has shaken confidence, not restored it.
I agree, worker visa's need to be terminated, until unemployment goes back down. Companies can train Americans.
I figured that was the shortest distance!
These financial pigs will get caught in their own trap!
Great Article. Let the birth pangs begin!
The thing that I hate is our people will take it in the butt too!
http://www.foxnews.com/politics/2009/05/12/social-security-medicare-seen-failing-faster/
This includes not only those on non-immigrant work visas, but those admitted legally as immigrants [green cards].
and lol I sent the social security one so people see what other disaster is coming next
For too long, our economy has been based on unsustainable debt spending - "pulled-forward consumption". This will not and can not be restored.
I think about this from my own perspective as a J6P consumer: like many others, I have a HELOC second mortgage. We used it to put in a pool 10 years ago. Now I see that was pretty silly, but I can't undo it and I sure as hell will never do anything like this again.
I also used to have ~$10k in credit card debt, and a car payment. Now I have zero credit card debt, and no car payment. Likewise, I will never return to this kind of debt spending, no matter what the federal goverment does to supposedly "get credit flowing again".
I know I'm not alone in this new-found sense of financial pragmatism. Turns out my grandparents were right after all.
TEOTWAWKI, friends. Buckle up, it's going to be a bumpy ride.
It's ridiculoous with 8.9% unemployment to be letting legal and illegal immigrant workers in.
Yes, he may have been doom and gloom for years, but even to the casual observer it is hard to mistake the huge sign posts he points to!
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