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Author Topic: The Sky is falling.  (Read 859 times)

Offline NUKE

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The Sky is falling.
« on: January 07, 2006, 09:41:36 AM »
The US economy created over 2 million jobs each of the last 2 years. The unemployment rate has dipped to 4.9 %, more Americans own homes than ever before and we have gas prices down to about $2.20 a gallon.

Wonder why we don't see the big news on tv or in the papers? What happened to all the vocal dooms day crowd in the press and in politics? I guess they switched gears into the next negative dooms day topic.......how we are losing the war in Iraq.

During the last election, some Dems were calling the US economy the worst since the great depression. I wonder if it was  hard to find a parking spot at the Home Depot or local malls during the great depression, just like today.

Yeah, the sky is falling alright and George Bush is destroying jobs and we are losing in Iraq.
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Offline BlueJ1

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The Sky is falling.
« Reply #1 on: January 07, 2006, 09:49:34 AM »
From what Ive read, seen, and heard humans enjoy predicting their downfalls. And when they know they are wrong they dont admit it but just move on to another.
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Offline NUKE

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The Sky is falling.
« Reply #2 on: January 07, 2006, 10:04:04 AM »
There is a difference between doomsday whackos and politicians just flat out lying and trying to scare people.

No sane peson could believe that the US economy was the worst since the great depression during the last election, but they let it fly anyway. The same people who said that George Bush was "talking down" the economy during his first campaign.

Now they are harping about Iraq. They (politicians, media) don't seem to care about how their words and actions might effect our economy, our troops, or our national security as long as they can bring GWB down.
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Offline BlueJ1

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The Sky is falling.
« Reply #3 on: January 07, 2006, 10:08:54 AM »
I ment downfall as in depressions, not as in the end of us all.


Minimum wage just went up also.
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Offline Urchin

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Re: The Sky is falling.
« Reply #4 on: January 07, 2006, 10:51:38 AM »
Quote
Originally posted by NUKE
The US economy created over 2 million jobs each of the last 2 years. The unemployment rate has dipped to 4.9 %, more Americans own homes than ever before and we have gas prices down to about $2.20 a gallon.


1.  What sort of jobs has the US economy created?  There are only so many kids in the country that'll fill the burger-flipping jobs.

2.  IIRC, most "home sales" now aren't new residences, they are investments.  So while it might be accurate to say that wealthy Americans own more homes than ever before, I doubt it'd be accurate to say that more Americans own homes.

3.  Yea, gas prices are friggin weird like that, huh?
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Offline BlueJ1

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The Sky is falling.
« Reply #5 on: January 07, 2006, 11:01:13 AM »
Do they include people who enlist into the service in the new job area?
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Offline Bodhi

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The Sky is falling.
« Reply #6 on: January 07, 2006, 11:18:51 AM »
I have to agree that the economy is booming right along.  I always find that the best indicator of the economy is a T crane.  Before 2000, very few were up, now, I see many up in every city I travel through, now where is that money coming from?
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Offline Jackal1

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The Sky is falling.
« Reply #7 on: January 07, 2006, 12:28:14 PM »
Considering what has went on in the past few years, most of which would have put any other country on their knees, and the fact that we`re steadily kicking butts and taking names on a few different fronts, I`d say the economy is doing great.
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Offline Toad

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The Sky is falling.
« Reply #8 on: January 07, 2006, 12:29:13 PM »
The credit for this economic recovery will go to the next President. Trust me on this one. :)
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Offline joowenn

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The Sky is falling.
« Reply #9 on: January 07, 2006, 12:36:14 PM »
yeah and people are buying cell phones like you wouldnt believe. I should know cause I sell cell phones. WTG on the economy and WTG on the war in Iraq/Afganistan.
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Offline LePaul

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The Sky is falling.
« Reply #10 on: January 07, 2006, 12:46:16 PM »
Good news doesnt sell or draw viewers

When's the last time you sat and watched the nightly news on the big three, then got up feeling good about the world?
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Offline NUKE

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The Sky is falling.
« Reply #11 on: January 07, 2006, 01:03:10 PM »
Quote
Originally posted by LePaul
Good news doesnt sell or draw viewers

When's the last time you sat and watched the nightly news on the big three, then got up feeling good about the world?


That's a whole different topic, but I'll say this:

Good news sells just as well as bad news, in my opinion. It's just that most of the lefty politicians and media who support them, are willing and able to lie and try to create fear instead of presenting any positive message or idea.

A news paper headline of "Best Economy in Years" on the front page would sell just as well as "Worst Economy since the Great Depression", especially since the latter would be an obvious lie and a joke.

Good news, like 12 miners rescued ( sadly, was wrong), landing men on the moon, intersesting new inventions, success stories in Iraq......all of that is good news and could sell just as well as a bunch of negative stuff would.

There are good, interesting and amazing things that happen every day which could be in the news, but are nearly ignored.
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Offline weaselsan

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The Sky is falling.
« Reply #12 on: January 07, 2006, 04:14:56 PM »
Quote
Originally posted by Toad
The credit for this economic recovery will go to the next President. Trust me on this one. :)


That's almost three years away, alot can happen to the economy in that time. I actually would like to see the Democrats take the House the Senate and the White House. I have this theory that the Liberals are impotent with out having control of the SCOTUS. It would be interesting watching them totally confused on how to pass legislation that 75% of the country apposes. They are so used to using an activist court rather than legislation they would be at a total loss. Then, if by some fluke they got something through after months of arm wringing and trade offs, the SCOTUS ruled it Unconstitutional.:lol
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Offline Thrawn

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Re: The Sky is falling.
« Reply #13 on: January 07, 2006, 04:52:09 PM »
Quote
Originally posted by NUKE
The US economy created over 2 million jobs each of the last 2 years.   The unemployment rate has dipped to 4.9 %, more Americans own homes than ever before and we have gas prices down to about $2.20 a gallon.


No, it didn't.  US governmental deficit, trade deficit and personal debt based on housing speculation misallocated way more than 2 million jobs.


If the Canadian government decided to run on (comparable) tens of billions of dollar deficit.  They could "create" a multitude of jobs as well.  But those jobs wouldn't be where the market demanded and it would hurt the economy.  

Same thing with speculation.  Any public could go further in personal debt hiring people to make more of whatever than the market demanded.  But it would hurt the economy, as that labour would be misallocated.  We have people stupidly trying to ride the housing bubble up here as well.


Quote
Originally posted by Bodhi
I always find that the best indicator of the economy is a T crane.


It depends on how they got there.
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Offline Thrawn

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The Sky is falling.
« Reply #14 on: January 07, 2006, 05:01:31 PM »
Quote
Originally posted by BlueJ1
Minimum wage just went up also.



Which is bad.  It makes the businesses in that area with the increased minimum wage less conpetitive.  Less people invest in the business, and that hurts the economy.  The labourer might make more money, but their standard of living falls.
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