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Economy- New Poll

Do You think the US Economy is Heading into or in a Recession--or a Depression?

  • No-the Economy is doing Fine

    Votes: 0 0.0%
  • Yes- a mild short Recession

    Votes: 0 0.0%
  • Yes- a prolonged Recession/Depression

    Votes: 0 0.0%
  • Economic Collapse

    Votes: 0 0.0%

  • Total voters
    0

backhoeboogie

Well-known member
Mike said:
Oldtimer said:
Mike said:
This comment shows exactly how ignorant you truly are OT. :roll:

I know several people who have had wells pumping for years that are as poor as a churchmouse. Not all wells are gushing 100's or 1,000's of barrels per day.

The price of oil has helped those guys that have wells and had shut them down because the energy costs of pumping exceeded the production income.

Your buddy backholer thinks they are all doing quite well :wink: :lol:

They are doing better now than they ever have been...................

Some of these folks were dirt poor "cedar hackers". Most of them had scratched and dug all their lives. These are not "oil wells" but rather gas wells. Which only goes to show that OT didn't even read the post.

Personally, I think those folks who were labeled "fence menders" or "cedar hackers" now getting over $50K a month are enjoying poetic justice. Bankers are wanting them in their banks now. Car dealers are drooling to have them in their lots.

In the mean time we have folks coming from everywhere for jobs.

If you check Craig's list their are job opportunities everywhere. An I & C Tech can go to DC Cook for $35 an hour and $480 a week per diem. That aint half bad for blue collar labor. They can't get employees.
 

aplusmnt

Well-known member
kolanuraven said:
A Minus....you get a promotion from Exxon or something as you sure beat the drum for BIG OIL!

I don't think the Big Oil companies would like my Electric car idea much do you?

I just realize that as long as we have cheap gas there is not motivation to change, won't happen. When things look good the last thing people will do is conserve, instead they go buy a V10 Truck like I did and Hummers.

With gas prices going high as they are now, there will be some real motivation for the market to give the consumers what they want. And consumers will quit being so wasteful and give some thought to conservation. I figured you Liberals would want this? Is this not better for everyone concerned?

But if the government gets involved we will see solutions like ethanol that has done nothing but hurt the economy.

OT is a pessimist, the free market may not work in all areas because of government control, and that is the reason for less involvement from them not more. But the Free Market does work in many areas and we are seeing it now. Car companies looking into alternative fuels instead of research and development of Hummers is a big step in the right direction for the auto industry. And all this is happening because the consumer is demanding it, not the government.

Many people have said High gas prices may be what we need to get the ball rolling in the right direction in regards energy. Heck I am sounding more liberal here than you Liberals. :shock:
 
A

Anonymous

Guest
Toll Bros. CEO: Housing Could Fall 20 Percent More

Wednesday, June 4, 2008 2:48 PM

PHILADELPHIA (AP) -- The chief executive of Toll Brothers, the nation's largest luxury-home builder, said Wednesday the housing industry is in a "depression" and any recovery could be two or three years away.


In candid remarks at the JPMorgan Basics & Industrials Conference a day after reporting a second-quarter loss, Robert Toll said he's not ready to call a bottom yet since the housing market could still get worse.


"Can the market go down another 10 or 20 percent? Sure," said Toll, whose Horsham-based company will sit on cash unless a bargain land deal comes along.


He said the current housing crisis is the worst he's seen since the mid-1970s, but back then the decline was relatively short-lived. The current downturn started in late 2005

http://moneynews.newsmax.com/companies/toll_brothers_depression/2008/06/04/101563.html

Developer Can't Even Give Homes Away

Tuesday, June 3, 2008 5:28 PM

SAN DIEGO (Reuters) - As though Southern California's fine weather and beaches weren't attractive enough, a San Diego developer desperate to clear inventory is offering potential home buyers a buy-one-get-one-free scheme.

In a market beset with foreclosures and plummeting sales following the mortgage meltdown in 2007, Michael Crews Development will give away a row home valued at $400,000 with the purchase of a $1.6 million luxury estate home in the upscale city of Escondido in northern San Diego County.

"We are targeting a niche market of investors who are interested in the opportunity to buy a new home for themselves and get a free rental property or second home for family members," developer Michael Crews said in a statement.

http://moneynews.newsmax.com/streettalk/san_diego_free_home_deal/2008/06/03/101250.html
 
A

Anonymous

Guest
I don't need a cut and paste to say this

Unemployment takes biggest rise since 1986....

Dollar drops big against Euro....

Oil up an unprecedented one day amount--over $11 today alone to over $139 a barrel....13% rise in 2 days.......

Dow Tanks-- down 400+ points at this time...And still dropping....

Come on folks-- Cheer on the Bushenomics......
:roll: :( :(
I'm not a partisan person-and maybe not the brightest bulb in the chandelier-- but I do know when things aren't working....We need some changes in direction-- NOW......
 

aplusmnt

Well-known member
Oldtimer said:
I don't need a cut and paste to say this

Unemployment takes biggest rise since 1986....

Dollar drops big against Euro....

Oil up an unprecedented one day amount--over $11 today alone to over $139 a barrel....13% rise in 2 days.......

Dow Tanks-- down 400+ points at this time...And still dropping....

Come on folks-- Cheer on the Bushenomics......
:roll: :( :(
I'm not a partisan person-and maybe not the brightest bulb in the chandelier-- but I do know when things aren't working....We need some changes in direction-- NOW......

Seems like things have been getting worse since we made those changes, Congress has ten times the power of the President, and ever since the Dems took over it has been getting a lot bleaker looking. God only knows what it will be like if they win more seats and also the Presidency.

Blaming the President and not Congress either first or at least as co blame shows you are a Kool-Aid drinker that has no real understanding of the Governmental process.

Where is these Dem's saving us as the promised, heck they could not even get us out of Iraq as they promised. But thank goodness they are cleaning up baseball and naming Post offices, how would we have ever made it with out them.
 

Mike

Well-known member
aplusmnt said:
Oldtimer said:
I don't need a cut and paste to say this

Unemployment takes biggest rise since 1986....

Dollar drops big against Euro....

Oil up an unprecedented one day amount--over $11 today alone to over $139 a barrel....13% rise in 2 days.......

Dow Tanks-- down 400+ points at this time...And still dropping....

Come on folks-- Cheer on the Bushenomics......
:roll: :( :(
I'm not a partisan person-and maybe not the brightest bulb in the chandelier-- but I do know when things aren't working....We need some changes in direction-- NOW......

Seems like things have been getting worse since we made those changes, Congress has ten times the power of the President, and ever since the Dems took over it has been getting a lot bleaker looking. God only knows what it will be like if they win more seats and also the Presidency.

Blaming the President and not Congress either first or at least as co blame shows you are a Kool-Aid drinker that has no real understanding of the Governmental process.

Where is these Dem's saving us as the promised, heck they could not even get us out of Iraq as they promised. But thank goodness they are cleaning up baseball and naming Post offices, how would we have ever made it with out them.

C'mon Aplus, give them some credit.......they raised the minimum wage (which could posibly be a reason for the economic downturn according to some economists) and they expanded stem cell research. :roll: :roll:

Yea buddy. Change.

I just read an article about not drilling in ANWAR will cost us 10 MILLION jobs next year.......THAT needs changing........................ :roll:
 

aplusmnt

Well-known member
Mike said:
aplusmnt said:
Oldtimer said:
I don't need a cut and paste to say this

Unemployment takes biggest rise since 1986....

Dollar drops big against Euro....

Oil up an unprecedented one day amount--over $11 today alone to over $139 a barrel....13% rise in 2 days.......

Dow Tanks-- down 400+ points at this time...And still dropping....

Come on folks-- Cheer on the Bushenomics......
:roll: :( :(
I'm not a partisan person-and maybe not the brightest bulb in the chandelier-- but I do know when things aren't working....We need some changes in direction-- NOW......

Seems like things have been getting worse since we made those changes, Congress has ten times the power of the President, and ever since the Dems took over it has been getting a lot bleaker looking. God only knows what it will be like if they win more seats and also the Presidency.

Blaming the President and not Congress either first or at least as co blame shows you are a Kool-Aid drinker that has no real understanding of the Governmental process.

Where is these Dem's saving us as the promised, heck they could not even get us out of Iraq as they promised. But thank goodness they are cleaning up baseball and naming Post offices, how would we have ever made it with out them.

C'mon Aplus, give them some credit.......they raised the minimum wage (which could posibly be a reason for the economic downturn according to some economists) and they expanded stem cell research. :roll: :roll:

Yea buddy. Change.

I just read an article about not drilling in ANWAR will cost us 10 MILLION jobs next year.......THAT needs changing........................ :roll:

forgot about the minimum wage change, that would surely have some unemployment back lash.
 
A

Anonymous

Guest
When US Corporate CEO's average salaries are 400 times that of the average employee- and many states minimum wages were already much higher than the federal one passed by this Congress- I hardly doubt that that brought the current economy crisis :roll: Not even a good try :wink: :lol:


Just for comparison purposes-- Corporate CEO's salaries are 11 times that of their average employee in Germany - and 10 times higher in Japan....

Follow the money--Follow the elitist bought out government......
 

Mike

Well-known member
Oldtimer said:
When US Corporate CEO's average salaries are 400 times that of the average employee- and many states minimum wages were already much higher than the federal one passed by this Congress- I hardly doubt that that brought the current economy crisis :roll: Not even a good try :wink: :lol:


Just for comparison purposes-- Corporate CEO's salaries are 11 times that of their average employee in Germany - and 10 times higher in Japan....

Follow the money--Follow the elitist bought out government......

The real story here is unemployment among entry-level workers to the employment system. In summer, teenagers and college students enter the marketplace looking for seasonal and part-time work. This accounts for the significant rise in job-seekers and the 0.4% increase in unemployment. Otherwise, an overall job loss of 49,000 jobs would account for a 0.04% increase in a market of 138 million workers.
Why have these new job seekers found it difficult to get jobs? One reason is that Congress made jobs costlier just in time for this economic slowdown. Congress raised the minimum wage last year by seventy cents an hour, from $5.15 to $5.85. It will rise again in July to $6.55 an hour, and next year will hit $7.25 per hour. That makes entry-level labor as much as 27% more expensive this summer, when consumers have already slowed down their spending. The natural loss of work from the slowdown amplifies the effect of the minimum-wage increase, because businesses now cannot afford to raise prices to maintain their entry-level positions.
When the minimum wage increase was under debate last year, many of us warned that it would have precisely this effect. Now we see it unfolding before our eyes. Will the Democrats acknowledge the error and take the blame for hundreds of thousands of jobs lost to their economic meddling — or will they try to shift the blame to the Bush administration for no good reason at all? (via Power Line)
 
A

Anonymous

Guest
Couldn't be that Airlines are laying off people- canceling flights- stopping buying planes- because of the high costs of fuel= higher ticket costs= less people travelling :???:

Couldn't be high prices of fuel making products so high that stores cannot affordably stock them and sell them :???: And consumers who are having their pockets picked by the oil companies/speculators can't afford to buy these transportation cost inflated products....

Couldn't be that with high prices of gas- and folks cancelling vacations -many of these summer seasonal tourist jobs aren't there anymore.... :???:

And these just keep building on a domino effect...Nonregulation/nonoversight- which allowed the housing/mortgage bust- and nonregulation/nonoversight which is creating much of the high gas/fuel costs played much more of a role than a minimum wage, that effected only a small portion of the nation, -- and along with drunken sailor Bush/Repub spending on the US taxpayers credit card- played much bigger roles than any raising of the minimum raise last year.....

To date, at least 32 states and the District of Columbia have set their state minimum wages above the federal level, according to the Economic Policy Institute.

So your Federal minum wage being the root of all problems is HorsePuckey!!!
 

Mike

Well-known member
So your Federal minum wage being the root of all problems is HorsePuckey!!!
You're a liar AND an idiot. I never said the "Minum" :lol: wage was the root of all problems.

I said it could be A reason.

Meaning "ONE" of the contributing factors. And it is.

You're correct on oil though. Debate Rep Blunt on my other thread. :lol: :lol: :lol:
 
A

Anonymous

Guest
Did you know you come from a cheapskate state..... :???: :wink: :lol: :p

Five states—Alabama, Louisiana, Mississippi, South Carolina, and Tennessee—set no minimum wage guarantee for workers.

All former slave states.... :wink:
 

Mike

Well-known member
I guess when you have no position in a debate, you change the subject?

There's no need for minimum wage period. It's socialism.

If a guy doesn't pay enough, nobody will work for him. Simple economics.
 
A

Anonymous

Guest
This has been the surprise to me in this whole economic crisis, lately- that GW would completely turn his back on his Party to placate the elitists and Corporate world....
Maybe he thinks that while now pointing toward going down in history as the worst President- he thinks he can get the Corporate world to name a tower after him- or maybe an oil well or two in his name
:shock: :wink: :lol:



News from the Votemaster
The economy is heading south. The Dow lost 394 points, unemployment took the biggest jump upwards in two decades, oil hit $139 a barrel, gas is averaging $3.99 a gallon nationally, inflation is around the corner, and the European Central Bank is going to raise (not lower) interest rates. All this bodes ill for the Republicans. Most hard-pressed families intutitively understand that when times are tough the Democrats' prescription for more government spending to create jobs is better for them than tax cuts, especially tax cuts tilted heavily towards the rich.
Barack Obama has had trouble connecting with blue-collar workers. A sick economy gives him the opening he needs to address their concerns. Earlier this year he proposed a big government program to rebuild America's crumbling infrastructure (and create jobs in every congressional district, which is easy to sell to Congress). It probably won't be long before Obama trots it out again.
http://www.electoral-vote.com/
 

backhoeboogie

Well-known member
Oldtimer said:
Just for comparison purposes-- Corporate CEO's salaries are 11 times that of their average employee in Germany - and 10 times higher in Japan....

Would you consider moving to Germany or Japan? We could pass the hat and you could live in a place you feel is better than this.
 
A

Anonymous

Guest
backhoeboogie said:
Oldtimer said:
Just for comparison purposes-- Corporate CEO's salaries are 11 times that of their average employee in Germany - and 10 times higher in Japan....

Would you consider moving to Germany or Japan? We could pass the hat and you could live in a place you feel is better than this.

A quarter century ago, one percent of the U. S. households owned about twenty percent of the national wealth, and a typical CEO of a large corporation earned forty times as much as the average worker. Today, that one percent owns over forty percent of the national wealth, and that same typical CEO is paid four hundred times as much as his worker. One individual, Microsoft's Bill Gates, is worth more than the combined GNPs of all of Central America, excluding Mexico. (See Collins, Hartman and Sklar, "Divided Decade: Economic Disparity at the Century's Turn," United for a Fair Economy ).

To me if this trend is not reversed- none of us will again be living in the America we knew- or that Thomas Jefferson and our forefathers wanted for us...You can not continue having all the wealth in hands of a few with an ever decreasing middle class and ever increasing poor class....
The country will implode internally...Its time to change this trend before its too late....

I hope we shall take warning from the example of England and crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our Government to trial and bid defiance to the laws of our country.
-- Thomas Jefferson

"Fascism should more appropriately be called corporatism because it is a merger of state and corporate power."
-- Benito Mussolini

Power that controls the economy should be in the hands of elected representatives of the people instead of an industrial oligarchy
~ Justice William O. Douglas


I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country....corporations have been enthroned and an era of corruption in high places will follow, and the money of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war.
-- Abraham Lincoln

"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism - ownership of government by an individual, by a group, or by any other controlling private power. Among us today a concentration of private power without equal in history is growing."
-- Franklin D. Roosevelt
 

backhoeboogie

Well-known member
Oldtimer said:
To me if this trend is not reversed- none of us will again be living in the America we knew- or that Thomas Jefferson and our forefathers wanted for us...You can not continue having all the wealth in hands of a few with an ever decreasing middle class and ever increasing poor class....
The country will implode internally...Its time to change this trend before its too late....

Obesity is widespread across America to a pathetic level. It doesn't appear everyone is missing meals to me.

BTW, even the bums on the corner have cell phones
 
A

Anonymous

Guest
GW following right in the footsteps of the peanut farmer- both idiots...

And this is the same economic policy being echoed by McThuselah and his economic advisor Foreclosure Phil...
:shock:

Wholesale Prices Rising at Fastest Pace Since 1981

Tuesday, August 19, 2008 9:00 AM


WASHINGTON -- The government says wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years.


The Labor Department reported that wholesale prices shot up 1.2 percent in July, pushed higher by rising costs for energy, motor vehicles and other products. The increase was more than twice the 0.5 percent gain that economists expected.


Core prices, which exclude food and energy, rose 0.7 percent. That increase was the biggest since November 2006, and more than triple the 0.2 percent rise in core prices that had been expected.

http://moneynews.newsmax.com/economy/economy/2008/08/19/123254.html
 

backhoeboogie

Well-known member
Oldtimer said:
GW following right in the footsteps of the peanut farmer- both idiots...

And this is the same economic policy being echoed by McThuselah and his economic advisor Foreclosure Phil...
:shock:

Wholesale Prices Rising at Fastest Pace Since 1981

Tuesday, August 19, 2008 9:00 AM


WASHINGTON -- The government says wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years.


The Labor Department reported that wholesale prices shot up 1.2 percent in July, pushed higher by rising costs for energy, motor vehicles and other products. The increase was more than twice the 0.5 percent gain that economists expected.


Core prices, which exclude food and energy, rose 0.7 percent. That increase was the biggest since November 2006, and more than triple the 0.2 percent rise in core prices that had been expected.

http://moneynews.newsmax.com/economy/economy/2008/08/19/123254.html

Your conflicting your stance again. Inflation is the opposite of deflation and depression.
 
A

Anonymous

Guest
backhoeboogie said:
Oldtimer said:
GW following right in the footsteps of the peanut farmer- both idiots...

And this is the same economic policy being echoed by McThuselah and his economic advisor Foreclosure Phil...
:shock:

Wholesale Prices Rising at Fastest Pace Since 1981

Tuesday, August 19, 2008 9:00 AM


WASHINGTON -- The government says wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years.


The Labor Department reported that wholesale prices shot up 1.2 percent in July, pushed higher by rising costs for energy, motor vehicles and other products. The increase was more than twice the 0.5 percent gain that economists expected.


Core prices, which exclude food and energy, rose 0.7 percent. That increase was the biggest since November 2006, and more than triple the 0.2 percent rise in core prices that had been expected.

http://moneynews.newsmax.com/economy/economy/2008/08/19/123254.html

Your conflicting your stance again. Inflation is the opposite of deflation and depression.

Actually many of the experts are calling it stagflation:
rising prices
devalued dollar which buys less- creating more rise in prices of raw materials- creating inflation..
lower or nonchanging wages because of lack of market and more unemployed in job market..
 

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