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The Great Obama Depression Is Coming
Lubbock on line ^ | 2/19/09 | Donald R. May

Posted on 02/20/2009 9:16:03 AM PST by FromLori

If major tax and regulatory relief are not quickly instituted, our economy will soon hit the next major stage in its downward spiral.

This will happen because people are slowing their spending and their investing, as they have no idea what President Obama will do next. Businesses are losing money, contracting, and closing down. This leaves people without jobs and commercial real estate space empty. Closing businesses pushes down the value of real estate property. Left unchecked and uncorrected, we will soon begin to experience a major commercial real estate crash.

(Excerpt) Read more at blogs.lubbockonline.com ...


TOPICS: Government
KEYWORDS: bho2009; bho44; bhoeconomy; democrats; economy; obama
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To: autumnraine

I would ask WHEN a person lost their job. The unemployment rate wasn’t so bad before 2006.

I am very suspicious about this sudden “crisis”. Oh, I know it’s real, but my concern is HOW WAS IT CREATED? It appears that Fannie/Freddie and the bad loans were jinned up to a crescendo by Barney Frank, Chris Dodd, Barack Obama and the rest of the Democrats in Congress hellbent on “destroying the Republican Party and Bush” even if they took the whole country down with it. Of course, Clinton stoked the fire and Bush enabled much of the spoiled politicians’ appetites to spend.

Sometimes it puzzles me to see people acting like the government has a duty to invent them a job. There’s always something we can do to have necessities, if not luxuries. We may have to move at least temporarily to where jobs exist; we may have to sell on ebay, we may have to cobble ourselves something together to do to make a buck or two, we may need to pray, to help each other, to set a field of tatties and other grub.

I’m afraid that Obama’s associations with William Ayers ought to have been looked at a little bit closer by the MSM and bear more relevance to what we’re going through right now than we dare ponder. Of course, the MSM imagines themselves in rarified atmosphere.

When all this mess is said and done, remember that Socialism has never worked even when the “smartest” people in the world have tried it.


61 posted on 02/20/2009 12:33:45 PM PST by Twinkie (WHAT ABOUT SOME MSM FAIRNESS?)
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To: Twinkie

No, the government is supposed to “invent” you a job,but it’s either supposed to encourage it or get the hell out of the way.


62 posted on 02/20/2009 1:29:00 PM PST by autumnraine (Freedom's just another word for nothing left to lose- Kris Kristoferrson VIVA LA REVOLUTION!)
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To: Molly T.

I want to take out a billboard with a pic of my modest (very very modest house) and a picture of a $300,000 house and say “My family made do with this house... so we could pay for this family’s house”.

Not that people with a $300,000 house is bad, but if they are taking this bailout, I am FURIOUS.


63 posted on 02/20/2009 1:30:44 PM PST by autumnraine (Freedom's just another word for nothing left to lose- Kris Kristoferrson VIVA LA REVOLUTION!)
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To: FromLori

Just by the speed in which he is instituting these deliberate destructive programs is telling all of us his intentions are no to fix the economy but to destroy it by bankrupting and overloading it. We need to act fast before we reach the point of no return. Contact your representatives and convey your urgency. They are preparing for us.


64 posted on 02/20/2009 5:52:24 PM PST by ronnie raygun (Is it time for my medication, reality is starting to set in.)
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To: prismsinc
"My financial advisor just informed me he sees us coming out of the bottom right now."

Really? Looks like he wants you to buy, buy, buy!!

I'd say "bye"..

sw

65 posted on 02/20/2009 5:58:08 PM PST by spectre (sw )(Congress lied...the economy died)
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To: autumnraine

Raising taxes on and punishing the job creators, regulating them until they can’t squirm tends to run them out of the country to countries where the government appreciates them a bit more. Business will not stay where the big labor unions act like dictators and hooligans demanding astronomical salaries and fringes. . and I can’t blame business for doing what’s good for them when regulation becomes overbearing past a certain point.


66 posted on 02/20/2009 7:51:09 PM PST by Twinkie (WHAT ABOUT SOME MSM FAIRNESS?)
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To: RobRoy
I tend to like your sentiments....but the good old gummit will find ways to thrwart your thrift...eg....they now are talking about taxing how MANY miles you drive, not how much gas you use....they will probably want to do both at the same time....

and isn't it all too convenient that when people lower their energy needs, suddenly , we have to have increases in the cost of energy....

for my part, I do shop second hand, I do shop bargains, and I do have many items stocked up just in case....

gathering money is always a problem....but I have greatly reduced my 401k contributions and I might just stop them completely....

trying to work up that home money supply....

there is so much snow outside that my garden won't get in til pretty late...

67 posted on 02/20/2009 9:32:55 PM PST by cherry
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To: autumnraine
bleach too......and dishwashing soap and laundry soap....tin foil ( isn't it funny we still call it "tin foil") plastic wrap, maybe some freezer wrap if you hunt, hand soap...nice touches like hot sauce,olives,herbs, spices,salt and pepper,canned milk, etc..

most food items have a spoilage date on them....you can't keep some things forever, and thats why I am at least buying the nonfood items that are essential....like TP...

68 posted on 02/20/2009 9:40:49 PM PST by cherry
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To: Molly T.
all I suspect is that the world's money is being centralized into fewer and fewer hands.....

once we had a country,proud and strong, with hope for a better life for anyone willing to walk the walk...

now, we are heading to a kingmaster/serf society...there will be no middle class....

69 posted on 02/20/2009 9:44:40 PM PST by cherry
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To: ronnie raygun
I think what has happened in Washington finally puts to bed the quaint notion that Rats were really for the little guy and America....

none of them had the balls to stand up for us nor America....

NEVER NEVER VOTE FOR A RAT!

70 posted on 02/20/2009 9:46:53 PM PST by cherry
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To: Molly T.
<> insert p in middle of brackets to begin

<> insert /p in middle of brackets to end

71 posted on 02/20/2009 10:32:25 PM PST by exhaustedmomma (All might be free if they valued freedom, and defended it as they should. Samuel Adams)
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To: Molly T.
<> = < >

Looks like a diamond, sorry. But it's those symbols on the keyboard. No space between the symbols and the p.

72 posted on 02/20/2009 10:34:55 PM PST by exhaustedmomma (All might be free if they valued freedom, and defended it as they should. Samuel Adams)
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To: cherry
spoilage date

Actually, that's a "sell by date"

Under the right conditions, that stuff has a very long shelf life.

I'd rather wipe with a leaf or magazine page, than eat a maggot. I'd rather eat a maggot than starve.

73 posted on 02/20/2009 10:39:42 PM PST by exhaustedmomma (All might be free if they valued freedom, and defended it as they should. Samuel Adams)
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To: cherry

A mileage tax is similar to a “per gallon” tax regarding money. And if I combine trips and drive less, I thwart both.

The real problem with the mileage tax is the invasion of privacy. You feel like you are being watched by big brother.


74 posted on 02/21/2009 2:41:51 AM PST by RobRoy (Islam is a greater threat to the world today than Nazism was in the 1930's.)
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To: prismsinc
"My financial advisor just informed me he sees us coming out of the bottom right now. He sees things starting to improve the next 6 months."

I head the same thing. I also countered that how can an unfunded, unprecedented bailout stimulate growth when all the financial base base is depeleted, and all revenues are fed back only to fiance the debt. No answer was given. I think the finacial community is party to this scam, and spouting talking points to try to generate brokerage fees to help their own bottom lines that are suffering.

75 posted on 02/21/2009 2:51:48 AM PST by catfish1957 (Hey algore...You'll have to pry the steering wheel of my 317 HP V8 truck from my cold dead hands)
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To: autumnraine
With all that good prep you are doing, you should come visit Granny's thread on Surviving the road to socialism:

http://www.freerepublic.com/focus/f-chat/2181392/posts?q=1&;page=1#1

76 posted on 02/21/2009 2:58:42 AM PST by JDoutrider
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To: prismsinc
My financial advisor just informed me he sees us coming out of the bottom right now.

Sometimes it's the light at the end of the tunnel, sometimes it's the headlamp of the onrushing locomotive.

77 posted on 02/21/2009 7:40:26 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: prismsinc

With all due respect, your financial advisor has no more of an idea than anyone else. Remember those banks and brokerage houses that failed a few months ago? They employed the best and brightest financial people on earth and you can see where it got them.


78 posted on 02/21/2009 7:46:38 AM PST by ItisaReligionofPeace
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To: ItisaReligionofPeace; All

Alright already! For crying out loud! Every one of you that are posting me downplaying my advisor’s position are sounding as “doom and gloom” and pessimistic as Obama. I expect to hear this sort of thing from him, not from FReepers.


79 posted on 02/21/2009 7:57:53 AM PST by prismsinc (A.K.A. "The Terminator"!)
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To: prismsinc

I didn’t say anything about doom or gloom. I didn’t make a prediction. I’m just telling you that your financial advisor has no more of an idea than anyone else. In other words, quoting him is really ridiculous.


80 posted on 02/21/2009 8:14:55 AM PST by ItisaReligionofPeace
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