Posted on 12/18/2008 7:27:53 PM PST by SeekAndFind
Here's a hint: It's middle name is Hussein.
Why hire when demand is way down?
Wow, that's funny. In this area of the country, that has nothing to do with it!
I really don’t believe the Depression hype.
I went to a mall here in town that 20 years ago was a dump. At noon on a Thursday it took me half an hour to park. People were parked in the grass and up on curbs.
Holiday sales seem to be up and people seem to be buying obscenely expensive stuff. After Thanksgiving sales were up 7% from last year.
Dems just want to trash this economy to the max so Obama can get the maximum rebound.
We haven’t gotten our bail-outs yet.
Not a bad observation.
On the other hand, I think small business is ticked off at how poorly government is managed, and people are not getting any real value out of the taxes they are paying.
Government is not listening to the people when it is the issues that matter to people they are deciding for, with complete disregard to the peoples wishes.
So government is telling people to spend. build, buy like nothing ever happened. And the people are telling the government we no longer have faith in them. They will tell us anything to stay in power. If we pull the plug on their tax collections and reduce the money flow they have less power to manipulate people.
Paid Obama FR apologist? His channellin FDR should frighten anyone who’s read history or seen newsreels of breadlines.
“And the people are telling the government we no longer have faith in them.”
That’s it in one sentance.
I’ve been working 50+ hrs a week for months...
Bankers, Fanciers, and Politicians are a bunch of Crooks who change the rules to fit their needs at any given moment. What businesses are afraid of is that the Crooks are ignorant arrogant pieces of S. and we are stuck with them because the populous believes in theses SOBs.
What businesses are afraid of is ALL of our taxes... everything will be taken from us to feed the troff so that politicians and bankers won't lose their assets. What we are afraid of is our country has miserably failed the populous to support a select few pigs that walk on two legs and are more equal than us.
Thereby proving they are dumber than a coal bucket.. If they would let the market find it's bottom it would self correct, provided they run the illegals out and let the labor market work from supply and demand.
For years the government has pushed cheap labor, cheap money and higher and higher home prices.
American business is afraid that *everyone* spending like a drunken sailor for 50 years is finally catching up with all of us. Everything with the words “credit” or “debt” attached to it is to be avoided at all cost, because to tie your rope to it is to be dragged down with it.
The only way out of this mess is for our economy to be divided in half, with the “real” economy being protected on one side, and the fantasy, leverage economy actively encouraged to go broke on the other side.
This means that every businessman involved in the real economy is boarding up their windows and barring their doors until after the hurricane has hit. And every leverage and margin businessman whose love boat is sinking fast, is banging on the doors of real businesses, hoping to loot them to save his own sorry rear end.
And the government is still trying to save the leverage corporations who got us into this mess. But that’s worse than futile, because they *have* to be eliminated before there is a hope for recovery.
At the individual level it means to slash your debt ASAP as well. Put those credit cards in a safe place and go back to using cash and checks at the store. It is also a good idea to keep cash at home.
The US government is on a binge of spending right now, even though its tax revenues for next year are going to be severely cut. Soon, they may run out of funds as well. They can’t throw around money if nobody will loan them money, or worse, when they call in those debts.
Wild times.
I'm honestly curious: Do you really think that the current economic chaos is all made up because a mall was busy? Addicts get their fixes any way they can before they hit the bottom. Likely a high percentage of the shoppers you see will default on their credit cards in the coming new year.
Good post.
Twp years of Democrats' screaming "The worst economy in history" eroded consumer confidence and caused business to become scared and clam up. They did this to win the election, and it worked.
My thinking is that the price of housing will continue to fall until the average house is affordable by the average family. the govt pumping in money will only prolong the agony and distribute available housing unfairly.
It fits the national data showing higher Christmas sales.
FDR started this country on the road to hell.
I just wonder if they have the cash to pay for their purchases.
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