American Economy: R.I.P.

Chadman

Realist
Forum Member
Apr 2, 2000
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SW Missouri
Not insinuating any assinine behaviors, but in my opinion to say that the economy is fine and dandy is just not really true - all things considered. I personally feel that when 1/3 of our tax dollars go to paying down debt, the country as a whole suffers in many ways - economically included. Because we have to look at different ways to pay for things that we all agree need to be paid for. Sure, we differ, but agree on majority of things to certain degrees. Interest rates have long been depressed for political reasons under this administration - and we now see the effects of that depression. Those low rates have in large part fueled the economic state we are in, along with people paying for most things with credit - including our government. The only groups who really benefit to any degree over the past few years are the obvious ones - the really wealthy, oil/energy/defense concerns, credit companies. I'm sure there are others, but those are the main groups. You always ask the question "are you worse off than before?" when most people are generally better off than generations that preceeded those after. I'm much better off than when Reagan was president. And Bush I. I'm honestly better off now, mainly because I stuck with someone who benefitted from "entitlement programs" and made themselves a true success story. So, don't know what that tells anyone.

You focus on one comment made in the story and harp on it. While ignoring the numerous other points and analogies made. That's your option, of course, but it ignores the validity of most of it.
 

DOGS THAT BARK

Registered User
Forum Member
Jul 13, 1999
19,489
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Bowling Green Ky
Chad I would expect you to be better off 10 years from now regardless of who wins in 08.

--because you take responsible for your future.

There are some very odd quirks in our economy that are difficult justify--with oil around $80 for bout 2 weeks I'd expect the market to have turned south--instead reaching 14,000 barrier again. Tough barrier to break and down turn soon would not surprise.

I would disagree interest rates have been depressed for political reasons--to believe that you would have to believe that Greenspan raised interest rates in prior admin because he didn't like the Dems.

I don't think world banking doesn't play a lot of politics.

I think next few years will see weaker economy regardless of which party is in charge--however taxes and regulations will make it worse. I have got rid of most U.S. stocks I have in past 18 months--for reasons I won't go into.

Most companies bottom line has been profitable because of their expansion worldwide--they will invest in areas of profit--if you mandate wages-tax them exorbantly--and try and regulate their operations--they have alternatives.

Lets just say IMO it will be difficult for country to flourish when you'll be approaching 50% of country footing the bills 10 to 15 years from now --and much of wealth will be held by baby boomers who will no longer be in work force--and they have alternatives to being regulated and taxed also.

That leaves your generation to foot the bills. I don't envy your position.
 
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