Whats your view of the US economy? [Archive]

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WRESTLINGFAN

08-30-2005, 05:04 PM

Fighting a war on 2 fronts approaching 300 billion dollars, a surging national debt of about 7 trillion dollars, record energy prices which will go up, a huge trade imbalance and speculation of a housing bubble it doesnt look good. Greenspan keeps raising interest rates. I have a feeling we are headed for a recession

O and A... PARTY ROCK!!!!!

furie

08-30-2005, 05:08 PM

i foresee resession followed by recovery. 

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INFOSTUD

08-30-2005, 05:32 PM

The government and its politicians are definitely asleep at the
wheel.  What's the three things on everyone's mind high energy
costs, high housing costs, and Social Security.  The goverment
should be busting its ass to fix these three problems and it's doing
nothing.If the high energy cost is because we don't have enough
refineries in the USA, then why the hell aren't we building more? 
Our tax dollars subside the oil companies and they take the huge
profits and run with them.  The new Energy Bill gives them more
subsidities.  We're blowing 300 billion a year on these wars; some of that money just might help fix these three probelms. Polticians don't fix problems; leaders fix problems--that's what we need leaders.  The
oil embargo of 1973/74 should have taught us the dangers of depending
on forgein oil.  Look like we learned nothing.  

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FUNKMAN

08-30-2005, 05:48 PM

Polticians don't fix problems; leaders fix problems--that's what we need leadersleaders are doing a okaydidn't we have something called a Revolution over shit like this...  there were two articles on CNN today. one was about: A Million More People In Poverty - total around 31 million. the other was about: CEO's Making Record Salaries<a href="http://money.cnn.com/2005/08/30/news/economy/poverty_rate.reut/index.htm" target="_self">POVERTY</a><a href="http://money.cnn.com/2005/08/26/news/economy/ceo_pay/index.htm" target="_self">CEO Salaries Sky High</a>more and more people are being paid less, having their benefits reduced which means more 'out of pocket' money, oil prices are soaring as oil companies post record profits...  the Pharmaceutical companies eat it up. more and more people needing medication to cope with stress and depression (addition) and the other illnesses that are attributed to them

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spoon

08-30-2005, 10:51 PM

The pharm company tie in is one hell of a push.  Part D of the medicare drug act can come into question, but the industry gives a hell of a lot more back then the oil industry.  Also, prescription drug costs only account for 10-20% of health care costs in this country.  In fact, the only reason people rip into them is bc they usually have to pay out of pocket here.  The true sink hole is the HMOs and outrageous hospital costs.  Look at an ER visit bill, or god forbid an overnight on a hospital floor.  More and more we citizens are covering those with no insurance at ERs for normal physician visits for things like colds or sore throats.  This is a hell of a lot more expensive then if docs saw them at offices, or there was a system to stem this misuse of the ER.  To me, $100 a month to stay alive is not that much.  Yet perhaps I'm biased.  Let's also not forget that these drugs help curtail hospital visits and death bringing down costs overall.  Without these costly Rxs, many people would be in and out of hospitals much more frequently with high blood pressure, heart conditions, asthma, obesity, and on and on and on.  So I really take offense to that one.  And I hear it all the time.  Of course the pharm companies could do better, but it's nowhere near as bad as the other sides in the same health industry. 

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Get your balls out of your purse and step up to flavor!
With whale cancer!
F yeah!

HBox

08-30-2005, 10:57 PM

What kills me is when I look at my insurance
statements and I see what the service actually costs, and then what the
insurance company actually has to pay. I've seen over 50% discounts.
And the people who are getting stuck with the full price are people
without insurance who overwhelmingly are poorer than me and have no
hope of ever paying it. The whole system is fucked up beyond belief and
no one cares. 

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spoon

08-30-2005, 11:05 PM

As for the overall theme we see here is the distribution of wealth is going back the the baron days at the turn of the last century.  The days of the Vanderbilts and others who treated the common man like dirt, and made monsterous profits due to little protection for workers.  With labor unions being ripped apart (some of it their own fault, but nonetheless not good ultimately), tax laws being rewritten to help the rich and hence more burden being put on the middle class, government subsidies going to huge companies that in turn make huge profits who never pay taxes on them due to off-shore accounts being set up, and this cluster fuck of a war.  We are in a ton of trouble.  It seems so blatant to me that they are even preparing for it by way of the bankruptcy law changes.  Do they even care what's to come down the pike, or is it the plan to lower wages even more for the corporate heads that are tied so tight to our government officials.  In fact, one in the same at times if you look at the current administration.  The housing issue was one of their big positive notes any time you listen to the republicans.  It was a false growth period brought on by super low interest rates due to the balancing act of Greenspan to offset the downs of the economy, job growth and oil prices.  These rates and prices are on a virtual teeter totter with one gowing up the others usually do the opposite (in real simple terms).  So the trick is to perform a balancing act to keep an even keel.  However, it is impossible to keep the rates so artificially low, and now we are in real trouble as the housing bubble begins to pop.  Were we so blind as not to see the similarities to the silicon bubble?  Trouble is our future, no doubt.  The rich will continue to get richer and pay less, while the middle class shrinks, losses right after right and quickly joins the expanding poor class.  Then tenbats can look down on himself as well.<img src="http://members.aol.com/dxixrxt/spoon2.jpg" border="0" /> Get your balls out of your purse and step up to flavor! With whale cancer! F yeah!

This message was edited by spoon on 8-31-05 @ 3:07 AM

Doctor Manhattan

08-31-2005, 03:57 AM

Bush talks to God, so we're gonna be A-Okay!

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A.J.

08-31-2005, 11:35 PM

Whats your view of the US economy? I'm for it.

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Mike Teacher

08-31-2005, 11:45 PM

My view? I see it from a bit more then 6 feet off the ground.

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TheMojoPin

09-01-2005, 06:01 AM

Cockeyed.

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Knowledged_one

09-01-2005, 06:28 AM

US Economy - my favorite wrestler everThe Economic Recession is my favorite submission move

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Doctor Manhattan

09-01-2005, 06:43 AM

What is Bush's approval rating right now?

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high fly

09-01-2005, 01:19 PM

Overall, it's doing ok.Not really bad, but nothing like what we saw when International Superstar Bill Clinton was at the helm, negotiating trade measures that dramatically increased exports, eliminating the traditional republican record-sized deficit which freed up hundreds of dollars to be loaned to businessmen rather than being taken out of the loan pool by the government, plus the sharp reduction in unemployment from wayyyyy over 7% down to 3.8% under International Superstar Bill Clinton.Under Clinton, we saw a dramatic reduction in the numbers of people below the poverty line, a trend which has been reversed under Bush.The limited amount of prosperity we have seen under Bush has been borrowed, to the tune of over $1 trillion borrowed to cover the budget deficits he and the GOP have rung up each year.All that money must be paid back WITH INTEREST, that, by the way, is growing faster than the economy.So far, the alleged "core value" of being "fiscally conservative" remains nothing more than a hollow bald-faced lie by the same sacks-of-shit who promised they would "usher in a new era of personal responsibility."

" ...and they ask me why I drink"

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high fly

09-01-2005, 01:20 PM

quote: What is Bush's approval rating right now?<a target="_blank" href="http://www.xmradio.com/programming/channel_page.jsp?ch=202"></a>  45%.A record low for him. " ...and they ask me why I drink" <img src="http://64.177.177.182/katylina/highflysig.jpg" border="0" /> Big ups to sex bomb baby Katylina (LHOOQ) for the sig!

This message was edited by high fly on 9-1-05 @ 5:20 PM

IrishAlkey

09-01-2005, 01:21 PM

Congratulations to him for being a record setter!

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high fly

09-01-2005, 01:31 PM

Under his administration, we have also seen other records set.A few are:Largest deficits in history (he holds the top two), and in terms of percentage of GDP, he's cracked the top 15 since 1946,Largest annual trade deficit with Communist red ChinaLargest monthly trade deficit with Communist red China (he holds the top 5 or 6 marks)Largest increase in the debt ceiling, a brake on spending increases in the Congress that had to be broken to accomodate administration spending sprees.Largest turnaround from surplus-to-deficit spending wastefulness........

" ...and they ask me why I drink"

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Big ups to sex bomb baby Katylina (LHOOQ) for the sig!

booster11373

09-01-2005, 02:50 PM

don't forget record personal bankruptcys

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