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Do you think people are shopping/consuming/dining now as we speak?

Discussion in 'Political Discussion' started by MrBigglesWorth, Sep 29, 2008.

  1. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    what precentage actually cares about what is going on?

    heck what percentage of the population actually has a retirement fund(401K)?

    you have to think the majority of the population is going to keep on charging things and not change their ways.

    we need to take the pain now instead of throwing money to try to solve the situation.
     
    Last edited: Sep 29, 2008
  2. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Re: Do you think people are shopping now as we speak?

    It really is a dangerous situation. I'm sure there are tens of thousands of people who invested on margin and now those margins are being called, and they'll have to sell more and more in order to pay up. We could see a spiral of negative activity over the next few days because of the way the market works.

    Thus, I think a lot of people are going to be tightening their belts, which will lead to fewer sales, and more layoffs, which will exacerbate the problem. Government intervention will have to come, but we also might quickly reach a point where it's better to let the dust settle than to intervene. The intervention might be largely in the form of jobs programs and earmarks to get the economy running again.
     
  3. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    Re: Do you think people are shopping now as we speak?

    I feel a bit bad for kids going to college, as their parents sold their future. but they also benefited with living the good life with vacations, a second house, and dance lessons, the nice cars, and overinflated house
     
  4. mcgraw_wv

    mcgraw_wv In the Starting Line-Up

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    Re: Do you think people are shopping now as we speak?

    Last year there were all these triggers that fired and caused a mini crash... what happen to those triggers today?
     
  5. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    Re: Do you think people are shopping now as we speak?

    it was covered up with more borrowing

    the question i ask is.... can a free spending economy that doesn't save much and a coroporate america that gave credit to us freely to prey on our lust for possessions only to collect our dollars in interest..... last forever?

    we have a trade defecit because we don't produce much that nations want. go into walmart and see where everything is made. american car companies aren't exactly booming overseas.

    how long can the gravy train last? how much money can you print before it doesn't mean much and people lose faith in its value?

    if you spend spend spend you eventually need to pay back.
     
    Last edited: Sep 29, 2008
  6. Fogbuster

    Fogbuster Pro Bowl Player

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    .
    People should go to the homes of Barney Frank, Nancy Pelosi, Chris Dodd, and all the rest of the Democrat liars, and protest until they resign. They are a pox on America. All of them are complicit in this economic melt down. Every single one of them. People should all go down to Hyannisport and take over the Kennedy Compound, kick out Teddy onto the street and let him feel what it's like to live like a slave.

    These pampered spoiled rotten liberals have all but destroyed America and if they are not all thrown out, they WILL finish their work of destroying America. Throw all the bums out. Each and every one of them.

    //
     
  7. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    don't joke around like that. This has awoken some of our citizens. Imagine when things get really bad. I could easily see protests and people extremely angry and who knows what might happen. when people are cornered it brings out the worst in people. what happened to mussolini?

    the best thing is for these politicians to fess up and go after the real criminals which are these corporate execs.

    more people will awaken when their life is threatened

    and i'm talking conservatives and liberals alike
     
    Last edited: Sep 29, 2008
  8. Fogbuster

    Fogbuster Pro Bowl Player

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    I'm not joking. America's life is threatened now, and the real criminals ARE the Democrats who passed laws that Republicans tried to stop, laws that made it "ILLEGAL" not to give loans to people who could not possibly pay back those loans. THAT'S criminal and it was the Democrat Congresses who forced that legislation through. Now they have to pay for what they did. They cannot pass all their failures onto the American people. They need to pay for their mistakes. Fair is fair. They have been living the high life, now it's judgment day.


    //
     
  9. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    God you have such tunnel vision.. blame, blame, blame.. never could understand men of the cloth such as you..all you want to do it detain people and throw them in jail.. you cannot even look at an opposing view, what a sad excuse of a man you are..
     
  10. Fogbuster

    Fogbuster Pro Bowl Player

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    And, as for Mussolini, he got what he deserved.

    Democrats caused this mess, and they will pay for it. You can bet on it.


    //
     
  11. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    you are missing the boat.

    BOTH parties made this mess.

    Let see.

    The Fed left interest rate low too long during Greenspan's reign.
    Bush decided to invade Iraq playing on people's fears.(How much has this cost?)
    The Fed lowered interest rates to 1% this past year.(Why should one save money?)
    The Economic surplus package was ineffective.

    YOU CAN NOT SOLVE THIS CRISIS BY PRINTING MORE MONEY. IF YOU WANT GOVERNMENT TO BUY PROVATE COMPANIES THEN THAT IS A SOCIALIST.

    our entire society has been encouraged to spend spend spend.
     
  12. Fogbuster

    Fogbuster Pro Bowl Player

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    One last time, real slow:

    The Jimmy Carter administration first proposed banks should offer loans to people with lowered credit ratings than had always been demanded of borrowers; he said it was for "fair housing"; the Dem Congress passed it. Things continued like this for all the years the Dem Congress dominated, which lasted until 1995, but even after the Republicans took Congress in 1995 they did not have the votes to repeal this bad legislation.

    In fact, under Clinton the standards for issuing mortgage loans lowered even more, and bad loans were given to millions who did not deserve them. All this kept building up like an atomic reaction until the point of "critical mass" occurred this year, and all the banks went broke, Fannie May and Freddie Mac went broke, and the Fed is left holding the bag for all these bad loans that the Dems FORCED upon lending institutions against their better judgment.

    Result: this Democrat-created disaster is now being forced upon the people of America to bail out those who gave good money after bad.

    The Dems are guilty and must now pay the price of their disgrace by giving up their positions to those who will take care of the public trust. It is the only acceptable conclusion, and it MUST be done.

    //
     
  13. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    man you are more misguided than I thought.

    So if the country was in dire straits in 2001. what did Bush do to make things better?
     
  14. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    You say the same thing over and over and over again.. I will follow suit..

    Here is a study.. I posted this earlier and somehow the whole thing was erased.. not sure why, but someone probably said something inflammatory..

    http://www.traigerlaw.com/publicatio...udy_1-7-08.pdf


    Aside from all the hysteria.. there are some facts out there beyond partisan blogs..

    Developments : Changing Demographics of the Foreclosure Crisis


    Have felt all along that a major factor here are the Real Estate Investors (Flippers) have had a major impact..

    Subprime borrowers losing investment properties to foreclosure - BusinessWeek


    Quote:
    The politics of investing in real estate is easy money..
    __________________
     

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