Posted on 01/26/2009 9:21:08 AM PST by BGHater
LOL
He is talking about Pelosi stimulating the economy with abortions(funding) now !
You are correct.
There is more than enough blame to go around and it extends across the aisle.
Are you for real?
This has been a bi-partisan pooch screw of the highest order.
The conservatives who stuck to their principles as best as they could have the least amount of blood on their hands
Are you for real?
Yes, I’m for real. The American public will never elect Republicans again (or for 20 or 50 years) if they believe the Republicans are responsible for the collapse. It will be like Hoover being blamed for the Great Depression. We Must make sure the Blame is pinned squarely on the backs of the Democrats because it’s Their FAULT.
I don’t believe we will see anything as deep as the 1930’s in terms of unemployment, and no matter how low our living standards may get they are better than when our grandparents grew up. That being said, January 2009 is 3 months after the stock market crash & 1 year after the official start of the recession. That is almost identical to January 1930 when (even though official numbers are sketchy) unemployment and GDP contraction figures were pretty similar to today’s. Q3-1929 to Q1-1930 looked pretty similar to the last several months (except that bank runs were more common and of a more primitive flavor), and the depression didn’t get “great” until Smoot-Hawley & money supply contractions & idiotic tax increases.
Depression deflation deflation depression
And by it's nature, Caterpillar's "the beginning". When they don't build, jobs don't follow...
With many volunteer enlistments, too.
Not at all. It seems that you're recognizing that we're in the beginnings of something quite bad, and following a similar path on our way there.
It’s 1930...
Democrats are evil and mean no good but republicans lost their way, and before winning again need to really decide a set of core principles , and need to be able to articulate them. The R party has once again become the party of “dems are more socialist than us” , just like 1990.
Borrowing massive amounts of money for a few tax cuts(and lots of spending) is just politics and disaster.
My tagline applies to many aspects of FR. :-)
This is not a cyclical recession, it is a structural one triggered with a financial crisis. The only historical economic research (http://www.voxeu.org/index.php?q=node/2877) on the consequences of financial panics average to:
* Housing prices dropping 35% over 6 years (2011 bottom)
* Stock prices dropping 55% over 3.5 years (Dow 6500 by mid-2010)
* Unemployment rising 7% within 4 years of downturn (over 10% by end of 2011)
* Real per capita GDP down 9% over 2 years.
* Public debt increase of 86% (national debt at 120% GDP by 2012).
YIKES!
interesting article.
Even during the last Great Depression, there were large numbers of people who lived very well...
Yes—very true-—
—great-grandmother was a maid for a very wealthy and they supplemented her pay with leftover food—my grandfather ate quite well—
—great-grandfather owned a bar-—EVERYONE drank away their worries after prohibtion was repealed
There are a few details where one can quibble with their analysis - for example, the US in 2009 is economically, socially and politically structured differently than the developing Asian countries studied and it’s even different than the US of the 1930s; but on the other hand, most of those crises were not global contagions. However, even removing those “outliers” from the sample doesn’t substantially change the basic scale of the eventual outcomes - in fact the point of the study was whether outcomes are substantially different in developing vs developed countries, and the answer was that they are not that much different.
“the depression didn’t get “great” until Smoot-Hawley & money supply contractions & idiotic tax increases”
You are right, used to watch Louis Rukeyser and he had his father, Merryle, on a few times. That is one of the things he talked about and he thought the government greatly exacerbated the impact of the depression. It is not encouraging when you realize that our governmental representatives are at least as obtuse as those at the beginning of the depression, any voices of reason are drowned out by the clutter. Things are made worst in that regulations impede growth (you can’t build a power plant, or even a building supply without jumping through hoops and then being sued to stop the project) and that people are not as self sufficient as they where in the 1930s. I grew up on a farm and we produced much of what we consumed, by the mid 1960s that changed and farmers began to buy from the grocery store just like everyone else. Maybe we will see some voices of reason emerge, I hope so. A couple of personal notes, my father was making $4 a day logging with a lumber company and quite, started farming, when his pay was cut to $1 a day (after that you got a voucher that was worth $1 at the company store or $0.70 cash). My mother’s father had a good crop and paid off his mortgage the day before his bank failed, the mortgage holder had insisted on cash so there was no dispute about payment and my grandfather keep his farm.
Yes, but during the Great Depression, MOST people actually had morals and Christian values. There was almost an innocence about the generation of my parents, compared to the majority of Americans today. The crime rate wasn’t nearly as high as it is now, nor were there multitudes of crack addicts and entitlement-minded welfare recipients as there is now. What we’re probably facing is the complete breakdown of society as the economy falls apart and as government, as usual, fubars everything to the ‘nth’ degree. Once the entitlement-minded Obama-voters discover that they’re no longer going to get that freebie check to pay for that new SUV or for their drugs & beer...there will be bloodshed.
Those Americans that don’t already have guns for their own protection will probably become victims of those criminal-minded that DO have guns and want or intend to take what they damned well feel like taking.
Instead of a “brave new world” we are now facing a “scary as hell-on-earth new world”. Instead of people falling back on their retirement savings that they’ve worked hard for their entire lives, they’ll be standing in soup lines right along with the indigents, illegals and criminals. Instead of our kids being able to remain kids and enjoy their childhood, they’ll be facing a stark reality of life under Marxist commies. Add to this the probability that our terrorist enemies will probably take the opportunity to nuke/WMD attack us while we’re down....since the leftist DemocRats will have made it so much easier than over the past 8 years....and will have assured them that no “in kind” retaliation will be forthcoming....
And yes, all of this...thanks to the Stuck-On-Stupid, greedy, anti-American, power hungry DemocRats and their wussy/pussy counterparts, the RINOs. If there IS any justice in this universe, they will all be roasting on a spit in Hell some day soon....
maybe sooner than they think.
bump for later
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