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 ...
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.
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.
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.
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.
Really? Looks like he wants you to buy, buy, buy!!
I'd say "bye"..
sw
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.
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...
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...
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....
none of them had the balls to stand up for us nor America....
NEVER NEVER VOTE FOR A RAT!
<> insert /p in middle of brackets to end
Looks like a diamond, sorry. But it's those symbols on the keyboard. No space between the symbols and the p.
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.
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.
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.
http://www.freerepublic.com/focus/f-chat/2181392/posts?q=1&;page=1#1
Sometimes it's the light at the end of the tunnel, sometimes it's the headlamp of the onrushing locomotive.
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.
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.
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.
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