How do you explain the economy to your kids?

Discussion in 'Economics' started by chaosclarity, Sep 23, 2011.

How do you explain the economy to your kids?

  1. Blame the economy on yourself for voting for Obama.

    2 vote(s)
    20.0%
  2. Blame it on George W. Bush

    2 vote(s)
    20.0%
  3. Blame Nancy Pelosi, Dodd and Frank

    2 vote(s)
    20.0%
  4. Explain equal parts of blame between Obama and Bush

    3 vote(s)
    30.0%
  5. Blame it on floods, hurricanes, tornadoes and earthquakes.

    0 vote(s)
    0.0%
  6. Tell them since Rick Perry isnt in charge thats why things are bad.

    1 vote(s)
    10.0%
  1. How do you explain the economy to your kids?
     
  2. You don't have any.
     
  3. Wouldn't it be self explanatory soon?

    [​IMG]

    [​IMG]
     
  4. Ash1972

    Ash1972

    You need to explain 2 things:

    1) In capitalist economies there are good times as well as bad
    2) In the good times, IGNORE what everyone else is doing and save as much as you can
     
  5. Kid: "Dad can I have $20?"

    Dad: "$10 dollars?????? What do you need $5 for?"
     
  6. BSAM

    BSAM

    Like this:
    1. Children, don't ever vote for a Democrat or a Republican because this is what you get.
    2. Don't listen to anything anyone says if they work in a whorehouse.
     
  7. Did anyone else catch that in the poster its a white family and the ones in the soup line are all black?
     
  8. wartrace

    wartrace

    I would tell them the truth instead of filling them with partisan political bullshit.

    leverage. Our economy took on too much debt.

    If they were a bit older I would make them do a simple math problem.
    Growth in GDP 4%(+/-) and the growth in debt 7% (+/-) since the early 1980's.

    (1*1.04)^29 less (1*1.07)^29 leaves a growing "debt load" that at some point is impossible to service.
     
  9. <IMG SRC=http://research.stlouisfed.org/fred2/graph/fredgraph.png?&id=TXUR&scale=Left&range=Custom&cosd=2008-01-01&coed=2011-08-01&line_color=%230000ff&link_values=false&line_style=Solid&mark_type=NONE&mw=4&lw=1&ost=-99999&oet=99999&mma=0&fml=a&fq=Monthly&fam=avg&fgst=lin&transformation=lin&vintage_date=2011-09-23&revision_date=2011-09-23>

    Behold, a job creator!
     
  10. “ The most racist group in America is older black men.
    You know pleasant Willie down at the store. Well Willie
    ain’t so pleasant. He hates your guts!”
    -- Chris Rock
     
    #10     Sep 23, 2011