are we in a recession?

Discussion in 'Economics' started by brokerboy, Oct 18, 2012.

did we start a recession?

  1. yes

    18 vote(s)
    33.3%
  2. yes but market will still go up

    24 vote(s)
    44.4%
  3. no

    12 vote(s)
    22.2%
  1. he is desperate the last speech was begging companies to hire people and drink his kool aid. the truth is he has to release the pain on wall st and america but he will be killed for it. he can't keep his job and do it because doing that means admitting your wrong plus admitting you worsened the problem and dragged out the recovery.

     
    #121     Oct 23, 2012
  2. Either you are truly naive OR you really don't understand how the economy works. (Mind you, the "status quo" economy of endless credit expansion and ponzi economics).
     
    #122     Oct 23, 2012
  3. achilles28

    achilles28

    Best post on the thread. We're pussies. The debt underwrites our addiction to feel goodism. Reality is for chumps. Accountability, for losers. Why worry when UE benefits pay out for 99 weeks? Or long-term disability, in perpetuity? Throw in some food stamps, housing vouchers, and you're good to go. Heck, you could even write a few rap songs about it and become a millionaire. Accountability is no longer a virtue in our society. It's a needless liability. That's why America is fucking done. Washington, the FED, the Treasury, nobody will stand up to the hoards of zombies who want their bennies. Not to say bureaucrats are fighting the good fight. They got their feted, greasy snout just as deep in the trough as the voters do. Channeling trillions in bailouts and war money to their corporate donors.

    The People get the Government they deserve. Look at Ron Paul. Only 5-10% of the republican vote. The rest of the Country are a bunch of idiot, cowards who couldn't give a shit. Nobody wants the pain. They just want unending handouts. This will end real fucking bad because the money doesn't exist to pay for it. Unbelievable.
     
    #123     Oct 23, 2012
  4. toc

    toc

    USMC has taken the oath to protect their country from all enemies and threats, external or internal.

    Once it is determined that no one in washington is doing a thing to tackle and reduce the debt, the military will take matters into its own hands.

    Remember, military does not really know how the economy works.........and it really does not care!!!!!!!!!!!!!! :D
     
    #124     Oct 23, 2012
  5. I like food stamps and medicaid. Those are benefits nobody in their right mind should argue about. I keep to myself and don't know much about my neighbors, but I do know I don't want their kids to go to bed hungry. And when your son invents an airplane (like we all did) and jumps out of a second story window and breaks his leg, I don't want you to have to decide if you are going to take him to the doctor based on how much it is going to cost.

    The other things we can argue about.
     
    #125     Oct 23, 2012
  6. achilles28

    achilles28

    #126     Oct 23, 2012
  7. wasn't talking about medicare, I think that should be eliminated.

    was talking about medicaid, which is a program I'm willing to pay for to insure the poor can go to the doctor if they need to

    and I think 50% of all US citizens should quailfy for it, and also food stamps
     
    #127     Oct 23, 2012
  8. achilles28

    achilles28


    That's great, but where do you get the money for that?

    The Federal Government needs to cut ~1.6 Trillion just to run a balanced budget.

    Even if you gut the DoD (~500 Billion), there's still a cool Trillion that must come out.
     
    #128     Oct 23, 2012
  9. I have plenty of money, they can take a little more if it means helping the poor, as long as they keep expenses well under control.
     
    #129     Oct 23, 2012
  10. achilles28

    achilles28

    A tax hike on the rich doesn't go very far. Rescinding the Bush tax cuts results in about 200 Billion, per year.

    So that's 1.4 Trillion we still have to cut? From where?

    That's the point. Liberals don't think their way through problems. They feel their way through problems. They want a security blanket for every person in the country yet have no idea how to pay for it.
     
    #130     Oct 23, 2012