AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 10, 2011 7:32:55 GMT -5
From the goofy right wing TIME magazine website... Something I've been saying for a couple months now- the United States is in full blown economic meltdown. They haven't figured THAT out yet, but they're hot on the trail... www.time.com/time/nation/article/0,8599,2076568,00.html
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deziloooooo
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Post by deziloooooo on Jun 10, 2011 17:04:44 GMT -5
As just discussed on CNN...Americans may have to become more realistic in the future, that unemployment will never go down again to the levels it was before this meltdown and the slow recovery that has been happening. This is the same all over the world, the new realism of what was and now what is and will be.
It is being estimated by economist it will be 60 months before WE are at full recovery and even then it will not be what it was.
More workers will be working part time out of necessity not by choice, just the way it is..more layoffs..less work available Naturally if this is so, in the short run, till this new realism has gotten into the American Public mind set , been accepted as the way it is, this may be what it will be. Those in power now, it may cost them, thinking Obama in this case, election coming up.
Those who have been dissing him personally , say places like here will be happy , yet for those of us who can think beyond the immediate paranoia of blaming one individual for all the ills of the world, realize whether he is here for four more years or not, he as all are just passing through for a while, will lament that a new day is dawning , and it isn't in many ways as good as the old days.
Not even close even though new advancements for a better and longer life will naturally be coming down the pike, there are basic fundamentals that are also so important that we, really our off spring and theirs will never see again, and it will come to pass whether the current POTUS has another term or not...it is not dependent on a any one person, a change that is the way it will be, ..as one says at times..."Deal with It"...and deal with it we, or better, those who come after us..will have to do.
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Angel!
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Post by Angel! on Jun 10, 2011 17:25:18 GMT -5
A very good article, although I don't think it quite says the US is in full economic meltdown - more like a very scary slowdown that will take years to recover from. Only 12% of economists believe there will be a double dip.
I think the saddest part is that apparently only 50% of americans could come up with $2000 in 30 days without selling possessions. I think that says more about our country than anything - most of us are dead broke. I blame that on our education & consumerism, both of which are going to have to change.
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Post by Savoir Faire-Demogague in NJ on Jun 10, 2011 17:41:19 GMT -5
I think the saddest part is that apparently only 50% of americans could come up with $2000 in 30 days without selling possessions.Credit card cash advance? At 29.99%??
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Angel!
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Post by Angel! on Jun 10, 2011 17:45:56 GMT -5
Can you get a $2K payday loan? ;D
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 10, 2011 21:38:43 GMT -5
Carter's second term will be over soon- kindly review the solution the next President will have to implement:
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hello fromWarsaw
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Post by hello fromWarsaw on Jun 10, 2011 21:56:01 GMT -5
12% of economists see a double dip, but 48% of USA see a depression in the next year. Thank you pub propaganda machine and "patriot" misled gloom and doomers...
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hello fromWarsaw
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Post by hello fromWarsaw on Jun 10, 2011 22:07:08 GMT -5
400 families earn more than the bottom 60%, we have the worst rich/poor gap and upward mobility in the modern world, and we start depressions with deregulation and fraud. Thanks Neocons!!
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NoMoreLunacy
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Post by NoMoreLunacy on Jun 10, 2011 23:42:37 GMT -5
There is no recovery. American workers need to understand that and lower their standard of living. We need to tighten our belts and heavily cut taxes. Now is not the time to keep spending on the Military or Medicare. Gut both.
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burnsattornincan
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Post by burnsattornincan on Jun 10, 2011 23:53:30 GMT -5
This message has been deleted.
burns, you know how i feel about your racist remarks..
~mood mod
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NoMoreLunacy
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Post by NoMoreLunacy on Jun 11, 2011 0:23:04 GMT -5
This message has been deleted.
this post quoted burns', who was also deleted
~moon mod
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burnsattornincan
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Post by burnsattornincan on Jun 11, 2011 7:26:17 GMT -5
Not exactly but when you let in people who have no interest in assimilating, keep all their homeland traditions, buy all their stuff from their homeland (have you ever seen an Asian drive a Ford?), and send any money they earn back to their homeland then that is a big problem.
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Post by jarhead1976 on Jun 11, 2011 7:41:30 GMT -5
This message has been deleted. Mr. Burns replied to comment 12 million illegals getting entitlements
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 11, 2011 8:42:33 GMT -5
12% of economists see a double dip, but 48% of USA see a depression in the next year. Thank you pub propaganda machine and "patriot" misled gloom and doomers... Obama owns this economy now. He has placed his foot firmly on the brake since day one. We need government out of the way so the private sector can do what ONLY the private sector can do: grow the economy, and create jobs.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 11, 2011 8:45:11 GMT -5
Well, in defense of immigrants- if it weren't for the southeast Asian immigrants from India and Pakistan in my old 'hood- I'm not sure my son would ever have learned math. Those kids are whizzes. They spent hours a day outside my house learning by practicing with sidewalk chalk. It was hilarous-- and yet, effective.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 11, 2011 8:46:35 GMT -5
400 families earn more than the bottom 60%, we have the worst rich/poor gap and upward mobility in the modern world, and we start depressions with deregulation and fraud. Thanks Neocons!! We never had this mythical 'deregulation'.
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OldCoyote
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Post by OldCoyote on Jun 11, 2011 8:51:56 GMT -5
burns is correct, they set up their business, take your money and only spend it in their group. They publish guides who provide services within their group, there is a lot of pressure to spend their money only in that group. they come here to get rich, not to be an American, would never think of having the kids join the military to defend this country.
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ugonow
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Post by ugonow on Jun 11, 2011 9:15:59 GMT -5
From Reagans Second State Of The Union "...Throughout the world," he said, "change is the order of the day. In every nation economic problems long in the making have brought crises to [of] many kinds for which the masters of old practice and theory were unprepared." He also reminded us that "the future lies with those wise political leaders who realize that the great public is interested more in Government than in politics."
So, let us, in these next 2 years— men and women of both parties, every political shade— concentrate on the long-range, bipartisan responsibilities of government, not the short-range or short-term temptations of partisan politics.
The problems we inherited were far worse than most inside and out of government had expected; the recession was deeper than most inside and out of government had predicted. Curing those problems has taken more time and a higher toll than any of us wanted. Unemployment is far too high. Projected Federal spending— if government refuses to tighten its own belt— will also be far too high and could weaken and shorten the economic recovery now underway.
This recovery will bring with it a revival of economic confidence and spending for consumer items and capital goods— the stimulus we need to restart our stalled economic engines. The American people have already stepped up their rate of saving, assuring that the funds needed to modernize our factories and improve our technology will once again flow to business and industry.
The inflationary expectations that led to a 21 1/2-percent interest prime rate and soaring mortgage rates 2 years ago are now reduced by almost half. Leaders have started to realize that double-digit inflation is no longer a way of life.
I misspoke there. I should have said "lenders."
So, interest rates have tumbled, paving the way for recovery in vital industries like housing and autos.
The early evidence of that recovery has started coming in. Housing starts for the fourth quarter of 1982 were up 45 percent from a year ago, and housing permits, a sure indicator of future growth, were up a whopping 60 percent.
We're witnessing an upsurge of productivity and impressive evidence that American industry will once again become competitive in markets at home and abroad, ensuring more jobs and better incomes for the Nation's work force. But our confidence must also be tempered by realism and patience. Quick fixes and artificial stimulants repeatedly applied over decades are what brought us the inflationary disorders that we've now paid such a heavy price to cure.
The permanent recovery in employment, production, and investment we seek won't come in a sharp, short spurt. It'll build carefully and steadily in the months and years ahead. In the meantime, the challenge of government is to identify the things that we can do now to ease the massive economic transition for the American people."------ Then after blaming the previous administration for the recession,and elplaining away it's stubborness on no one knowing how bad it was, told about his plan to raise SS taxes..... Will republicans accept a speech like that from Obama?
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deziloooooo
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Post by deziloooooo on Jun 11, 2011 10:40:13 GMT -5
A very good article, although I don't think it quite says the US is in full economic meltdown - more like a very scary slowdown that will take years to recover from. Only 12% of economists believe there will be a double dip. I think the saddest part is that apparently only 50% of americans could come up with $2000 in 30 days without selling possessions. I think that says more about our country than anything - most of us are dead broke. I blame that on our education & consumerism, both of which are going to have to change. $2000 in todays dollar , don't have..50 % was it, ...that is so scary... Truthfully I can not relate to that..almost inconceivable to m..just the way it is.
I believe it..but just have to shake my head in disbeleife..as I walk away.
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deziloooooo
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Post by deziloooooo on Jun 11, 2011 10:57:45 GMT -5
burns is correct, they set up their business, take your money and only spend it in their group. They publish guides who provide services within their group, there is a lot of pressure to spend their money only in that group. they come here to get rich, not to be an American, would never think of having the kids join the military to defend this country. Think your wrong about that...in fact I know you are, I served with Asian Americans in my time.,.One Indian I remember..that was a long time ago and don't doubt the same today... aast.wordpress.com/2007/07/04/asian-americans-in-the-us-military/www.army.mil/asianpacificsoldiers/history/waronterrorism.htmlIn fact the more one googles the more one sees how ignorant , incorrect and racial your post is...the facts are, asians have served way out of proportion to their #'s in our armed forces...as have so many racial groups..if there ever is a "melting pot" it is the american military, all branches.. Your comments could be summed up , IMHO, as only Ka ka from possible one of the same ilk if one gave it some thought, again, IMHO..[Love that word ilk, borrowed from another i admit. says so much in so few letters]
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deziloooooo
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Post by deziloooooo on Jun 11, 2011 11:44:41 GMT -5
Not exactly but when you let in people who have no interest in assimilating, keep all their homeland traditions, buy all their stuff from their homeland (have you ever seen an Asian drive a Ford?), and send any money they earn back to their homeland then that is a big problem. Where are you getting this stuff about not assimilating, not knowing the language, and what is wrong about traditions of culture? keeping them to know from whence they come, all ethnic groups seem to do that. I look around and I see Italian Americans, Irish Americans, German Americans, Scandinavian Americans, Irish bars , ethnic gathering places. Kids learning Irish kick dancing, German Restaurants, social halls, Polish American gathering places. I see groups patronizing ethnic food shops, what group doesn't do that.I see in my area, Italian specialty markets, Jewish deli's and mini supermarkets catering to those who love that unhealthy food types,[Me] even a recent move that played on the pride of ethnic back ground, kids went to "Greek School " after reguler school. The ability to help support family who were not as lucky to come here and are in need, all ethnic groups have done that and as far as automobile purchases..I haven't had a American car in 25 years..and as I look around, I see so many of my fellows doing the same thing and they would not be considered anything but "Red Blooded Americans"..what ever that is. I forget at times, you are anything but one of those burns, so what would you know about Americn culture and the doings of " Red Blooded Americans, think that that is the common cliche some use. I think your just a North of the Border wannabee trying to insert your warped sense of Americanism into those of us who are..and not realizing for most of us, we know, you haven't a clue. Your racial zings are really getting old. At times I am surprised they tolerate them here some times. Again , the American beliefe of free speech I guess, even if the speech just emits more ka , ka in it's spewing. We Americans, we are a tolerant bunch of types we are , we are. IMHO You on the other hand...well you know what you are, what you represent..we know too.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 12, 2011 7:58:52 GMT -5
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Jun 12, 2011 8:01:42 GMT -5
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burnsattornincan
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Post by burnsattornincan on Jun 13, 2011 9:44:55 GMT -5
You on the other hand...well you know what you are, what you represent..we know too.
deziloooooo, people like you who ride snowy white chariots of righteousness usually have a checkered past of plenty to hide. I've got nothing to hide hence I can speak freely, or sort of on boards like this. Ta ta.
Dalton McGuinty Burns III
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Post by Mkitty is pro kitty on Jun 13, 2011 10:07:24 GMT -5
From the same article: "'The economy is still growing, albeit at a slow pace, and sufficient for corporate revenues, corporate earnings and corporate cash flow to advance,' said Bob Doll, who helps oversee $3.65 trillion at New York-based BlackRock Inc., the world’s biggest money manager. 'We’re at the end of the recovery and the beginning of the expansion. That’s typically a time when stocks still go up, just at a lesser pace.'" BTW, there's no need for for an ignore button for Conservatives, they've been selectively ignoring parts of articles they don't like and facts (Like "Corporations Sitting On $1.84 Trillion Cash" news.firedoglake.com/2010/07/05/corporations-sitting-on-1-84-trillion-cash/ ) or simple concepts like greed, all the while hoping CEOs are sugar daddies who will hire only if you throw enough money at them. They've ignored the fact that "trickle down" doesn't work for well over a decade. In other words, they've already pressed the "ignore reality" button a long time ago.
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fairlycrazy23
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Post by fairlycrazy23 on Jun 13, 2011 10:09:19 GMT -5
A very good article, although I don't think it quite says the US is in full economic meltdown - more like a very scary slowdown that will take years to recover from. Only 12% of economists believe there will be a double dip. I think the saddest part is that apparently only 50% of americans could come up with $2000 in 30 days without selling possessions. I think that says more about our country than anything - most of us are dead broke. I blame that on our education & consumerism, both of which are going to have to change. This is somewhat tied in with the housing bust, many people didn't think they needed to save because there house just kept going up and up, there house was there 'saving/retirement'.
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Post by privateinvestor on Jun 13, 2011 10:12:43 GMT -5
In other words, they've already pressed the "ignore reality" button a long time ago. Ok but the realiity is the Recovery has been slowed lately and if it continues for another year, then more Liberals will be ignored Ma'am with all due respect...
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burnsattornincan
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Post by burnsattornincan on Jun 13, 2011 10:15:22 GMT -5
said Bob Doll, who helps oversee $3.65 trillion at New York-based BlackRock Inc.
Is there even that much wealth in the entire country? Never heard of the guy.
They've ignored the fact that "trickle down" doesn't work for well over a decade.
So what's your solution, probably communism?
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Post by Mkitty is pro kitty on Jun 13, 2011 10:32:26 GMT -5
You'll have to direct all complaints to the poster who linked the article. Nope, mine is hitting the ignore button. Your hitting the big, red communism button got boring a long time ago. Even among conservatives, you are the weakest link. Good-bye.
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burnsattornincan
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Post by burnsattornincan on Jun 13, 2011 10:44:17 GMT -5
Nope, mine is hitting the ignore button.
Ha ha - I'm sure you'd like to but...
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