Posted on 05/06/2008 7:31:34 PM PDT by Kaslin
Moron,
If you wish to bury you feeble little head in the sand and pretend that the economy (that part of it that Americans feel) is doin’ just fine then you go ahead and be ignorant. Gas prices are no laughing matter and neither are the food prices that result from the former problem.
“Oh, that’s right, you hate Republicans for choosing John McCain and are trying to do everything you can to give the election to Obama.”
I don’t give a flying Fk at a rolling donut about your party.
Tsk tsk, you haven’t a clue do you.
I think you're being too generous in your characterization.
Why don’t you fill me in?
Even if I tried you still wouldn’t get it. You haven’t yet.
“All indicators are that the economy is doing fine.”
Except for gas prices and food prices.
“I think you’re being too generous in your characterization.”
That’s me. Mr. Nice Guy.
And for the folks in the midwest, east and northeast this winter, when they get hit with the double whammy, if they can’t afford to heat their homes, and run out of wood, burn furniture.
Cut back on your gas usage. Car pool. Ride a bike. Skip the joyrides in the country.
As for food, buy generic and don’t eat out as much.
Why would I need to do all that if the economy is great?
To compare what is going on today with then is absurd, but I hear it everyday that this is a depression. We have 4.95% unemployment, we have 4% inflation, and contrary to what you may think, we have plenty of gas. The problems you see are a credit crunch, meaning no one want to risk loaning any more money, and a falling dollar because we keep lowering interest rates to make the damage the housing crunch is causing less terrible. The truth is, if you can't pay your loan you will lose your house no matter what the government says. They just want to drag it out. If someone loses their house, then someone is always there to buy it, just at a lower price. If they keep the prices propped up, the the damage is just put off, but it still comes. Having a housing crunch when you have a job just means you throw the keys back at the mortgage company and go get another one for less money. Back in Carters day you lost your house and you were homeless because you didn't have a job. Only 4% of loans are late or in foreclosure today. That's a long way from 10%.
Now oil, OTOH is artificially high due to the falling dollar and Dems that think ANWAR is where Jesus is. Never mind we have oil wells in Texas and Oklahoma in school yards, and I lived within 500 yards of a gas well for 10 years. If we drill in ANWAR or offshore, the DEMS think we will grow 2 heads. If you remember( I like to remind people that can't or won't remember), Dubya came into office with Chaney and had a private confab with a bunch of oilmen and the DEMS went nuts for 4 years trying to find out what diabolical plan they cooked up in secret. Well, they decided to drill in ANWAR and offshore and build more refineries and nuke plants. That was 7 years ago. The wells would most likely be producing over 2 million bbls a day RIGHT NOW! We wouldn't be burning our food and waiting for manna from hydrogen if they had just let them have their way. Just as recent as this year, Brazil asked Bush to import their excess ethanol for 1.57 a gallon. He said the Dems won't stop the import tariff. If we were serious about ethanol, we could make it from potato's, rice, sorghum, or cane, but the corn Nazi's won't allow it.
As far as good or bad economies, I lost about 1/3 of my 401K the last year of the dot com boom everybody seems to look back on so fondly. I have made more money retired during the Bush years than I made working during the Clinton years.
I'm not happy with rising prices and foreclosed homes, but to say this is a depression is ridiculous, and we aren't even in an official recession yet. We won't know for a couple of months, but my money says we won't even go into recession. 7 years of constant growth is hard to come by in the grand scheme of things. Every economic cycle has it's up time and it's down time. I've been through the Nixon/Carter hell and this ain't even close. The closer we get to the election, all bets are off. If Wall Street smells a Dem sweep, you will see lay offs, bankruptcies, and bad times. You can't have tax hikes, inflation, regulation, and new programs and expect the business world to just stand there and take it. Every worker they have will draw unemployment before the boss does. That's when America gets it's generational lesson about bad times.
Speaking of Carter;
“Cut back on your gas usage. Car pool. Ride a bike. Skip the joyrides in the country.”
I think that we may have a celebrity among us.
Unfortunately, if the media is saying that, millions will believe just that without questioning it.
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