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Post Number: 1
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usmcr
Group: Members
Posts: 922
Joined: Sep. 2003
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Posted on: Oct. 24 2007,5:04 pm |
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a definition of a recession: when you lose your job it is a recession, when i lose my job it is a depression! the statistics for albert lea the last i heard was that the unemployment figure was at just about 6% & with the construction season approaching i think that figure will be higher. the old pay check will be stretched thinner with the heating season just around the corner. look for the discretionary spending to be tight!
The United States has entered a recession, according to highly-regarded investor Jim Rogers, who told Britain's Daily Telegraph newspaper on Wednesday he was switching out of the dollar and into yen, the yuan and the Swiss franc.
-------------- "Do not confuse dissent with disloyalty" Edward R Murrow
Memento homo quia pulvis es, et in pulverem veverteris
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Post Number: 2
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Post Number: 3
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TameThaTane
Group: Members
Posts: 6300
Joined: May 2005
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Posted on: Oct. 24 2007,7:23 pm |
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What products?
Not many left. What this does is really stick it to China. Now all the dollars they're getting are worth less, yet they're still doing the same work and our costs aren't going up. We made it so were really getting stuff cheap now.
No, this is not a recession because everyones working. But the old economy has changed. Less middle class, more poor and more rich. Health care eating up a HUGE amount of income. Certain segments continue to increase greater than inflation over time destroying our standard of living. Taxes, health care, college.
-------------- My choice is what I choose to do, And if I'm causing no harm, it shouldn't bother you. Your choice is who you choose to be, And if you're causin' no harm, then you're alright with me.
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Post Number: 4
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hot84svo
Group: Members
Posts: 405
Joined: Jul. 2005
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Posted on: Oct. 24 2007,9:49 pm |
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We may not be in a recession - Inflation is back.
Inflation is like a nail in a tire, letting air out, it causes it to go flat without the driver knowing until it's too late.
It hurts communities where the majority is on a fixed income and does not have a skill set to demand or create higher wages.
-------------- http://www.youtube.com/watch?v=i06sv3-cZko
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Post Number: 5
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Post Number: 6
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Oct. 25 2007,9:17 am |
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Ya let's raise taxes then...that will help our economy...
Donk's Want to Raise Taxes
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Post Number: 7
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TameThaTane
Group: Members
Posts: 6300
Joined: May 2005
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Posted on: Oct. 25 2007,9:29 am |
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Donk's want to curb spending. Neocons want to attack Iran. They have WMD's.
-------------- My choice is what I choose to do, And if I'm causing no harm, it shouldn't bother you. Your choice is who you choose to be, And if you're causin' no harm, then you're alright with me.
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Post Number: 8
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Botto 82
Group: Members
Posts: 6293
Joined: Jan. 2005
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Posted on: Oct. 25 2007,10:23 am |
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The current crew of neo-fascists doesn't resemble either party, save the vehement opposition to stem cell research.
I'd love to see one of you amBushCo faithful explain that one.
-------------- Dear future generations: Please accept our apologies. We were rolling drunk on petroleum.
- Kurt Vonnegut
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Post Number: 9
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katlade
Group: Members
Posts: 302
Joined: Aug. 2007
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Posted on: Oct. 25 2007,11:15 am |
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I am just concerned about the price of oil going up to $100 per barrel. That is what they are talking about now. Gas could be up to $5 a gallon. That is just crazy, who the hell can afford that. I think the plan is to raise it to $5 so when it goes down to $3.50 we will all be relieved. If they raise it to $3.50 now everyone will be up in arms so why not raise it real high and then lower it to what they really want it to be. This is what they have been doing for the last few years and we all just go along with it.
-------------- "Stupid is as stupid does"
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Post Number: 10
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