Posted on 03/07/2009 2:46:40 AM PST by 2ndDivisionVet
The stock market has plunged to its lowest point in decades, unemployment is up, and home foreclosures are sweeping the country. Still, Americans think it can get even worse – a lot worse. Fully 61 percent of Americans think it is possible the United States government could literally go bankrupt. That’s according to a new Fox News poll released Thursday.
And what about the billions of dollars the government has spent since last fall to get the economy back on track? Many Americans think its simply not working: 44 percent say “things would be the same as they are today or even better” without the spending, while 38 percent think “things could have been a lot worse,” without the spending. Another 14 percent think it is too soon to tell.
Some 60 percent of Americans now describe themselves as confident “about the future security of your job,” down from 64 percent in September 2008 and 82 percent in October 2007.
Lower earning workers are the least confident in their job security. Nearly half (45 percent) of households with annual incomes under $50,000 are confident in their job security, compared to 70 percent of higher earning households.
Opinion Dynamics Corp. conducted the national telephone poll of 900 registered voters for FOX News from March 3 - March 4, 2009. The poll has a 3-point error margin.
Even with these growing concerns about financial stability at the national and household levels, most Americans remain optimistic that the policies of President Obama will provide some relief.
A 63 percent majority of Americans believe Obama’s priorities and policies are more likely to “significantly help the country,” while 25 percent believe they are more likely to “seriously harm the country.” Democrats nearly unanimously (90 percent) believe Obama’s policies will help...
(Excerpt) Read more at foxnews.com ...
Thanks for posting this.
They knew, they ALL knew back in 1993 this was coming. Actually, they knew long before 1993 too.
We need the George Costanza plan:
If everything ‘O’ does or says is wrong- do the opposite.
That's real money. But what is especially galling is that US citizens, by purchasing Treasuries are, in effect, funding the very agents of their oppression!
If people would just stop buying Ts, and the Chinese ran low on money as people stopped buying their imported crap, the US gov't would have a real problem.
They'd either have to make budget cutbacks or, as you suggest, start printing money. Neither is effective, so the net effect is that the welfare state would collapse. That should be our end goal.
The central government needed an agent to help mortgage 150 years of capital accumulation in order to achieve certain, um, 'noble' social goals.
“By what definition are we not?”
By the “there are still checks in the checkbook, how can we be out of money” definition.
You have indeed engineered a new definition. Fairly lax by current Fed standards. Got to work on that... ;)
LLS
If the government had to live up to the rules it imposes on private business, we’d have been in receivership for decades and most politicians would be in prison.
LLS
Most Americans, like most people in general, are brain-dead idiots who only know what they want in the short-term and have no concept of long-term planning or what is good for the long-terms health of civilization.
It sure does and we are only seeing the beginning of the woes on America.
Very true!
Bunch of really stupid, public-educated, idiots.
Yesterday’s C.H. Spurgeon devotional confirms our opinions:
“Before destruction the heart of man is haughty.” - Proverbs 18:12
It is an old and common saying, that “coming events cast their shadows before them;” the wise man teaches us that a haughty heart is the prophetic prelude of evil. Pride is as safely the sign of destruction as the change of mercury in the weather-glass is the sign of rain; and far more infallibly so than that. When men have ridden the high horse, destruction has always overtaken them. Let David’s aching heart show that there is an eclipse of a man’s glory when he dotes upon his own greatness. 2 Sam. 24:10. See Nebuchadnezzar, the mighty builder of Babylon, creeping on the earth, devouring grass like oxen, until his nails had grown like bird’s claws, and his hair like eagle’s feathers. Dan. 4:33. Pride made the boaster a beast, as once before it made an angel a devil. God hates high looks, and never fails to bring them down. All the arrows of God are aimed at proud hearts. O Christian, is thine heart haughty this evening? For pride can get into the Christian’s heart as well as into the sinner’s; it can delude him into dreaming that he is “rich and increased in goods, and hath need of nothing.” Art thou glorying in thy graces or thy talents? Art thou proud of thyself, that thou hast had holy frames and sweet experiences? Mark thee, reader, there is a destruction coming to thee also. Thy flaunting poppies of self-conceit will be pulled up by the roots, thy mushroom graces will wither in the burning heat, and thy self-sufficiency shall become as straw for the dunghill. If we forget to live at the foot of the cross in deepest lowliness of spirit, God will not forget to make us smart under his rod. A destruction will come to thee, O unduly exalted believer, the destruction of thy joys and of thy comforts, though there can be no destruction of thy soul. Wherefore, “He that glorieth, let him glory in the Lord. “ 5 SOLAS!
How is his cat? (The one that sleeps on his head)
That was my thought. These numbers seem very contradictory. Of course, I’m sure many will continue to blame Bush for years (decades) to come.
Bunch of really stupid, public-educated, idiots.
Of course we are bankrupt. This several trillion added on top of the pile is peanuts compared to the $60T social security/medicare/etc. are in the hole.
It’s just that everyone has become accustomed to all the “funny-money’ of the past — flipping houses for profit, not having to “work” but letting “your money work for you” while you did nothing... LOL... If everyone did that, it was the understanding, then everyone would become rich.
Here’s something that happened to Hitler in similar circumstances...
Problems Hitler had with his mortgage...
http://www.youtube.com/watch?v=bNmcf4Y3lGM
—
Also a “bonus” one...,
“Ballad of Bernie Madoff”
http://www.youtube.com/watch?v=n8pcME4MMj0
people would just stop buying Ts, and the Chinese ran low on money as people stopped buying their imported crap, the US gov’t would have a real problem
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