Real World

I hope not.


How High Can The Market Go? Forbes.com: Digital Rules By Rich Karlgaard

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

Fogbuster

Said it before, will say it again: with each passing day I'm seeing more of Jimmy Cahter redux in Obama-rama. He's younger and an infinitely better speaker, but his substance, his content, is not much different from what Cahter was peddling. A little better -- MAYBE -- but not much.

These ACORN nuts, Van Jones, Rahm Emmanual, and other whackos he associates himself with are deeply troubling.

Iran is going nuclear; North Korea is already there; Venezuela wants to go there; Mexico/Latin America is running drugs in the U.S. like there's no tomorrow; and China has more U.S. currency than anyone except the people running the U.S. mint. We need leadership, boys and girls, and it's got to be GOOD. Half-azz won't do. Not now.


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"All that is required for evil to triumph is for good to do nothing."

JackBauer

Wow, color me surprised. Fog thinks Obama is like Jimmy Carter. What a shock. Nice of you to dump all of this in Obama's lap, since he's been in office what, six months. Somehow I doubt you were this critical the past eight years.

Roland

Obama is going to destroy the country from the inside. He is going to make 9/11 seem like nothing. He is fullfilling his obligation to allah his god. Right in front of everyones eyes we go down the tube thanks to the liberals who thought all their bills were going to get paid.

DarrylS

Great intelligent post.. well thought out, meaningful.. regurgitate much???

Personally voted twice, so could get paid twice as much.. my wife voted three times..

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"Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.

patsfan13

RW the article in Forbes is correct, it may be worse this time. We are looking at a higher debt/GDP # and higher spending as a % of GDP along the the looming retirement of the baby boomers.

The dems will get some stupid pubbies to go along with 'health care reform'. This will be the icing on the stagflation cake and the Treasury prints money and uses inflation to monitize the debt. We seem this approach before and it is a disaster.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Patsfanin Philly

Here's what scares me .What turned a bad recession into the Great Depression worse were three things, 1) tariffs on foreign goods that killed exports when other nations reciprocated 2) Higher taxes on income and 3) Tightened credit that stifled the recovery.
President Obama wants to raise taxes on those higher income people who create the obs in the economy. Recently he instituted tariffs on Chinese tires inviting a response on chicken and grain products that are being exported. If they tighten credit, they will be repeating the mistakes of history and fail to learn from it.......

sdaniels7114

From the link in the OP: bold added by me.
Ok, is that some kind of joke?

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Give a man a gun and he can rob a bank, give a man a bank and he can rob everyone.

PatriotsReign

Not only has credit been tightened, there is very little demand for credit from the consumer sector. Consumers are tightening their use of credit all on their own. Another difference is that most Americans saved money back in the 20's and credit cards didn't exist.

It's going to be a long time before consumer demand for credit increases at all. So even if Americans decide to start "spending" again, it will be with cash more than it has been for decades. What this all means is that "Consumer Spending" will remain below previous levels for years to come.

If Americans only bought with cash, our GDP would have been about 20-30% below what we've had from the past 10-15 years. Of course some Americans will still buy on credit, but only a percentage of what drove our economy previously.

Remember, consumer spending drives almost 75% of US GDP, so even if commercial credit loosened, businesses would have no reason to invest in increased production. Businesses and corporations can not change the direction of our economy on their own, they need the help of consumers to re-fuel the engine.

DisgruntledTunaFan

Honestly - I'll be surprised if the USA has another election. I felt last year's election was our LAST.

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Scott A. Johnson - End Times Current Events and Bible Study

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