Everyone agrees: The worst economy ever

re: Everyone agrees: The worst economy ever

Idea to boost the American economy — Thu, 04 Dec 2008 20:22:35 GMT

Here's a way we might boost the economy. Temporarily say for the next few years put a ban on sales tax for any goods Made in America. Similar to the ban on sales tax for food. That would include vehicles made in America even if they are made by Honda or Toyota. But it would also include so many products that Americans might just start looking at the labels for a Made in America stamp on everything they buy. This would be a massive boost to American production of goods and jobs and it doesn't require a tariff.

re: Everyone agrees: The worst economy ever

Dollar Wise — Mon, 01 Dec 2008 04:24:31 GMT

If you are not at least 40 years old, you have never experienced a Recession. Those 39 years and younger have only experienced mild economic down turns. The age group 18 to 39 have no earthly idea of what is about to happen to them. Apparently, this time around mommy and daddy can't bail out the 18-39 year olds that have had a silver spoon fed existence for all these years. This same age group can't prop up consumer spending as they've spent all their money as well as mom and dad's. Spent it long ago. You know, that highly unemployable age group brought to you via a broken school and university system.

Leveraged financials, businesses, and consumers will have to go through the deleveraging process for years to come. Likely a 6 to 8 year recession. And no, FDR and the new deal spending didn't actually work. Sorry. You can't spend your way out of recession. Private Capital Formation must occur and that is a way off.

Finally, the fall Presidential Race was all about how screwed up the economy is/was/will be. A gloom and doom Presidential Race. The same way the media went gaw gaw over Obama is the same way the media is setting the "expectation" for a major recession. Expectations is the number one variable in Economic Activity.The media is not your friend when they always carry gas cans to any mess.

re: Everyone agrees: The worst economy ever

Kathy — Fri, 14 Nov 2008 22:26:48 GMT

pioneer days are back, more home losses means more homeless. Plant your gardens, Obama is not going to be able to fix everything, take care of yourselves, no one else will. Your choices are what determines your future. If you don't have the cash, you don't need it. Live within your means, help others, be kind to those less fortunate, for one day it could be you in their shoes!

re: Everyone agrees: The worst economy ever

Ron F. C. — Fri, 14 Nov 2008 17:06:30 GMT

Don't panic. Everyone will kiss the ground on this one(recession). Even the rich will feel the pain. Life goes on and we all turn the page. The only thing is to remember our mistakes and not get into this situation again. We must all buy american and ween off the imports. Imports are our greatest threat to our economic well being. Lay off the beamers for awile. Buy Ford,GM,Chrysler and help our economy first. Our American car builders realize their mistakes and have done something about it. They are making better cars. Support American buisness first and we will recover. As far as the realestate banking, don't lend to the high risk. Stick with credit risk standards ( fundamentals). For everbody out their, participate in the recovery of our economy. Monitary policy will be changed ( updated). The Federal Trade Commission will also be updated. We can't have short selling run amuck with this kind of market (computerized). Just have patience and participate, it's our country and our livelyhood at stake here.

re: Everyone agrees: The worst economy ever

eugenemnc@ftc-i.net — Fri, 14 Nov 2008 13:42:32 GMT

Wake up folks, this whole stockmarket thing is only a contrived issue by some wealthy investors trying to drive out the little investor and that is what they are doing. If you create enough fear in the market most inexperienced investors ( small) will leave with their minimal loses and their stocks are are bought by the wealthy few getting even richer . It happened in 1929 and we went into depression . The rockefellows didn`t loose any money back then so what makes you think the wealthy will loose anything now. Just look at the actions of secretary Paulson in giving those taxpayer tax dollars to Goldman Sachs, want to know why? He couldn`t afford to let them go down as he has many many millions of dollars in that bank. Guess what, you fill in the blanks. things wiill only change when we hit bottom and a full collapse takes place and thats where we are heading. Not only here but all over the world. Hold on to your ass, it is going to be a wild ride and you ain`t seen nothing yet.

re: Everyone agrees: The worst economy ever

Jeff Jackson — Fri, 14 Nov 2008 01:04:39 GMT

Bad economy started with soaring oil prices. Do the math people. You can only squeeze our pocket books so much and somrthing has to give.

re: Everyone agrees: The worst economy ever

funtonite40@hotmail.com — Thu, 13 Nov 2008 21:57:13 GMT

THANKS TO THE democrats & THE MORTGAGE MESS THEY GOT US INTO = WORSE ECONOMY EVER. Palin should wrestle that 140lb weakling that has less experience than her….obama. She would kick his little promise everything a## all the way back to Oprah town! Maybe no class Michelle AKA”killa gorilla” should be in the ring? YEAH!!

re: Everyone agrees: The worst economy ever

Doug — Thu, 13 Nov 2008 12:11:20 GMT

Wirst economy is "individual" perspective. Many get rich during downturn in the zero sum game. Pent up demand is escalating. Problem is perception - many thought their retirements and houses were worth much more than reality. We are returning to historical treandlines. Recent lemming effect is causing panic and media magnifies this with comments like "worst ever". Gov't ought to buy up all the stock they can at these depressed prices and sell only after prices return to decent values. Wipe out the debt almost overnight. Media reports then - "greedy gov't operatives" ...

re: Everyone agrees: The worst economy ever

Raymond — Thu, 13 Nov 2008 07:30:19 GMT

Hey, look at the bright side, naked we came into the world, and naked we shall depart. What does it profit a man who gains the whole world and loses his own soul? Great advice .... give your life to Christ, serve him, honor him with your first fruits and his word promises an eternal reward without end!!!! Or, we can play the blame game with goverment, politicians, greedy corporations, lies and deception, and so forth....worry is the interest we pay on trouble before it comes due. Rejoice the trumpet is about to sound!!!!

re: Everyone agrees: The worst economy ever

Tim in ABQ — Thu, 13 Nov 2008 04:38:15 GMT

Joel is right on! Americans have been spending and borrowing like drunken sailors. Our society needs to live within their means and yes this is a painful lesson but maybe it is the only way some people will learn. To much easy credit and YES not every American will own a home. You don't borrow money to people who CAN'T pay you back!!!