(Untitled)

Oct 03, 2008 22:17

Finally got moved into a new section - I'm doing some real cool shit, it's awesome. Obviously I can't talk about it, but it's cool - trust me ( Read more... )

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I don't agree to this but... johnnytwobags86 October 4 2008, 11:12:33 UTC
Where they are going with this recession/depression thing is we have a five year low of people unemployed across America (something like 170k compared to last year like 50k..those numbers aren't exact but it shows the +100k difference, that much I remember). That's 170k worth of people not making money to stimulate the economy, leaving it in rough shape. I'm not gonna make a wild claim that these two are assosiated but also the Dow Jones is down something like 150-300 points (again not exact but it was drastic), enough to show how shitty our economy is feeling right now.

BUUUUUUUT, and this REALLY pissed me off, the news channel I watched speculated that the media displayed this image of a failing economy and panic to bullrush the senate and house to pass a bull shit bail out plan. From the news description and both candidates afterthoughts, I don't see how this is a fix (putting money into lowering the rum tax?). But both candidates said it was a "torniquet" to stop the bleeding, now they had to find out what was really wrong. Sorry to go on a rant, I watched the news for like 2 hours today because I was bored.

Thanks Scottagain for getting me more interested in politics, you rock

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Re: I don't agree to this but... demonofrazgriz October 4 2008, 15:24:21 UTC
Only problem is almost all economy analysts agree that the buyout is going to cause a real depression in 2010.

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Re: I don't agree to this but... sirmeatball October 4 2008, 17:33:15 UTC
Economists are also the ones that got us into this. that said, something needs to be done. We do agree, however, that the 700 billion bailout should not have been passed.

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Re: I don't agree to this but... demonofrazgriz October 4 2008, 17:41:42 UTC
Carter started this. No one else.

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Re: I don't agree to this but... sirmeatball October 4 2008, 19:20:05 UTC
The inflation (which I assume is what you're talking about) during the Carter era was an after-effect of the deficit spending on Vietnam by Johnson.

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