Posted on 12/25/2008 12:21:48 PM PST by gscc
You remember the Bible story in Genesis 41 about the fat cows and the lean cows, representing years of plenty and years of famine? And how Joseph wisely proposed to Pharaoh that he store up the extra during the time of plenty to get the nation through the time of famine? Liberals sure dont. Too bad they dont bother with the Bible; its wisdom would have helped out a lot right about now.
The media would never dream of telling you this, but 3/4ths of the Bush presidency - in spite of being handed an economy already stumbling into recession, the 9/11 attack and the resulting hit to the economy, the two wars that followed, Hurricane Katrina, and myriad other phenomenon - saw strong economic growth. Amazingly, nearly 60% of Obama voters didnt even know that Democrats have been in control of both the House and the Senate during the last two years as the wheels finally came off the economy.
(Excerpt) Read more at theamericansentinel.com ...
The only people who are losing their shirts are the ones who lived beyond their means.
And they'll be more than happy to pull ours off our backs as they go down.
i.e. Democrats and their followers...
“And they’ll be more than happy to pull ours off our backs as they go down.”
They will die trying to yank my shirt off.
Unfortunatly so. With a bit of cleverness we’ll be able to do well, we just have to get out and stay out of the main fray and quietly keep and build our savings.
Not mine. I’ll be dancing naked in front of them.
You and I wish. They’ll write a few sentences in Washington, your shirt will be theirs, and we’ll all be praying for Ted Kennedy.
I'm not crying for them.
/johnny
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That will learn them.
How much of the economic growth was due to the real estate bubble and over extending credit by the banks and financial institutions? What would normal growth have been?
Millions of folks with IRA s and 401(k)s got hurt really badly. Grandmas. People saving for their own retirements and not depending on the government to fund Social Security. Parents saving for their kids college. Some of this may come back; some perhaps not. Poof. Gone. Years of saving and investing in our own future . . . gone. That, my friend, is a major confidence crisis.
For years, financial freedon was to work hard, stay within financial means, save a percentage of income for retirement, own a piece of the American dream by buying a home, and put the kids through college. That equation has changed in the past few months - the trust is gone. The old truths are not so true right now. We are all the worse for it.
What a wonderful Christmas present—an article that tells the truth about the economy.
I expect they'll try but, I'm prepared for that too!
Nothing to worry about. What with Hussein in the White House, we’ll all be millionaires in a couple of weeks. A month at the outside. Merry f****** Christmas!
Good point.
If I might add though, how these perpetual adolescents that are now in control respond to the economic crisis will affect long term planning. For example, if trade barriers are erected expect a chronic recession. Most people don't realize that 40% of our economy is exports. Also, if the economic stimulus is govt make works projects don't expect a big recovery these types of programs were discredited during the depression. Lastly, if the "card check" unionization becomes law don't plan on long term growth. All that will do is serve as a factor in capital moving out not into our country.
Merry Christmas!
It was not until after 2000 that I started to get ahead in life and have a safe secure home for my family, our home is paid for, we have fairly new vehicles which are also paid for from well paying jobs, we have lots of creature comforts like widescreen Tvs, a hot tub and other items like collectibles.
And all of it was during the last 8 years.
Question is, whats in store for me in the next 8 years, a second mortgage, a lesser paying job, selling off my collections of anything of value?
Am I now forced to sell off what I have worked so hard for to buy food and pay utility bills? I hope not, i would rather fight to keep my dream alive, if I must I will fight for a better life.
And by all indications the future in store is pretty grim, especially with a president that feels America should all be bare peasants that have no powers, no will to challenge him and no creative longing of a better life.
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