The Worst Is Yet to Come - New England Patriots Forums

***NEPatriot*** · 05-19-2009, 12:48 PM

Quote:

If You're Not Petrified, You're Not Paying Attention.

This outlook is based on the following main points:

With the unemployment rate rising into double digits - and that's not counting the millions of "underemployed" Americans - consumers are hitting the breaks, which is having a huge impact, given consumer spending accounts for about 70% of economic activity.
Rising unemployment and the $8 trillion negative wealth effect of housing mean more Americans will default on not just mortgages but student loans and auto loans and credit card debt.
More consumer loan defaults will hit banks, which are also threatened by what Davidowitz calls a "depression" in commercial real estate, noting the recent bankruptcy of General Growth Properties and distressed sales by Developers Diversified and other REITs.

As for all the OBAMA hullabaloo about the BANK stress tests, he says they were a sham and part of a "con game to get private money to finance these institutions because [Treasury] can't get more money from Congress. It's the 'greater fool' theory."

"We're now in Barack Obama's world where money goes into the most inefficient parts of the economy and we're bailing everyone out," says Daviowitz, who opposes bailouts for financials and automakers alike. "The bailout money is in the sewer and gone."

According to Obama, we are doing fine. What a load of BS!

***DarrylS*** · 05-19-2009, 02:17 PM

Used to go to the Silver Bear Cafe for all my political news, but then switched to the weather report..

***BelichickFan*** · 05-19-2009, 02:23 PM

Don't forget the idiotboy has quadrupled our deficit in his first 4 months in office. Then made a speech about how we can't keep adding to the debt.

Uh . . . HELLO ? Anything in there ?

***PressCoverage*** · 05-19-2009, 02:25 PM

I have to agree with goofy NEPatriot on the title. The worst IS yet to come. But it has very little to do with the black progressive leader being in office 4 months.

It has to do with geology, and a fatally flawed monetary system 38 years in the making that has adhered itself to finite commodities.

***PressCoverage*** · 05-19-2009, 02:27 PM

Quote:

Originally Posted by BelichickFan

Don't forget the idiotboy has quadrupled our deficit in his first 4 months in office. Then made a speech about how we can't keep adding to the debt.

Uh . . . HELLO ? Anything in there ?

"Boy" even. More of the forum's most unabashed racist being himself.

Not sure if you're heard, but referring to a black man as "boy" doesn't go over too well. It's based on history. You know, when crackers were whipping Africans off ships, etc., all the way to moonshine boys in the south cornering a lone black man. I'm sure you're familiar with this nation's history in that regard. Yet you keep using the term.

Ah well. Afterall, you yourself admitted you were a racist.

***BelichickFan*** · 05-19-2009, 02:29 PM

Quote:

Originally Posted by PressCoverage

"Boy" even. More of the forum's most unabashed racist being himself.

All you think about is race isn't it. I don't care that Obama is (half) black. He's an idiot. Whether that idiocy comes from his white side, his black side or both, I really don't care. We're stuck with him is all I care about.

***PressCoverage*** · 05-19-2009, 02:30 PM

Quote:

Originally Posted by BelichickFan

All you think about is race isn't it.

When you post? Yes... You earned it, and most all of your posts are sopped in it, especially the ones where you feign innocent intent.

***BelichickFan*** · 05-19-2009, 02:34 PM

Quote:

Originally Posted by PressCoverage

When you post? Yes... You earned it, and most all of your posts are sopped in it, especially the ones where you feign innocent intent.

Does it help if I think that Bush is an "idiotboy" just as much as obama ? They both suck and they're both stupid. And, combined, they're 75% White.

PatsFanInEaglesLand · 05-19-2009, 02:35 PM

Quote:

Originally Posted by BelichickFan

All you think about is race isn't it. I don't care that Obama is (half) black. He's an idiot. Whether that idiocy comes from his white side, his black side or both, I really don't care. We're stuck with him is all I care about.

BF, you know what that is. It is a deflection. Once someone says anything against the Chimp II, you are immediately branded a racist, so to take the conversation away from the moron and his policies.

Progressive? That term is just freaking hilarious.

Holy Diver · 05-19-2009, 02:35 PM

Supply Side Economics has finally birthed its spawn....

BEHOLD: the credit-driven / derivative-traded global economy.

those of you who are too dumb to understand who started this and when really need to brush up on your "Voo-doo Economics"

You people are rediculous to think that all this started in January, or the one before it, or the 20 before that.....Its been a slow burn.