Economy

[LiL stumppy]

Originally Posted by kstater

Eh, the only comment was from Bunnytdr, and it was sarcastic. But you'll find it hard to discuss a tanking economy without politics involved.

I'm not being a smart ass, just saying sorry for not clarifying what I meant.


We have been discussing this topic a lot and it amazes me how everyone has some way to fix the economy, not two people had the same idea. It was, new government, spend money, don't spend money. I never really followed politics or anything like that so I had no idea what was going on and didn't really believe this "recession" we were going through until the past few months where I have looked for a job and can absolutely not find one. Seems here a lot of people have different opinions as well on how to fix this problem. I am just curious, that's all.

[PhillyChiefFan]

Originally Posted by LiL stumppy

I'm not being a smart ass, just saying sorry for not clarifying what I meant.


We have been discussing this topic a lot and it amazes me how everyone has some way to fix the economy, not two people had the same idea. It was, new government, spend money, don't spend money. I never really followed politics or anything like that so I had no idea what was going on and didn't really believe this "recession" we were going through until the past few months where I have looked for a job and can absolutely not find one. Seems here a lot of people have different opinions as well on how to fix this problem. I am just curious, that's all.

Time and patience will get us out of this eventually, the market has to correct itself. But this whole mess was a whallop to the US economy and other economies around the world, so it will most likely be a long recession.

I'm not of the opinion shared by some that the sky is falling. Jobs get lost and business go out of business, its the ebb and flow of economics. This has just been exasperated by an over excess of free spending. It's hard to generalize this whole fiasco without trivializing the dramatic effect it has on real people's lives, i.e. those that have lost their jobs, or homes. It's a sensitive subject for a lot of people. Hell, even people that did the RIGHT things are being penalized by higher credit card rates and job losses.

I really hope it ushers in a new era of responsibility, but I doubt it will. The American Public have a very short memory for lessons such as these.

[Amnorix]

Originally Posted by PhillyChiefFan

I really hope it ushers in a new era of responsibility, but I doubt it will. The American Public have a very short memory for lessons such as these.

First, it's everyone, not just Americans. Second, it's fundamental human nature.

[Mr. Flopnuts]

Originally Posted by LiL stumppy

I'm not being a smart ass, just saying sorry for not clarifying what I meant.


We have been discussing this topic a lot and it amazes me how everyone has some way to fix the economy, not two people had the same idea. It was, new government, spend money, don't spend money. I never really followed politics or anything like that so I had no idea what was going on and didn't really believe this "recession" we were going through until the past few months where I have looked for a job and can absolutely not find one. Seems here a lot of people have different opinions as well on how to fix this problem. I am just curious, that's all.

Time and self discipline. People need to pay their bills. When that happens, banks will make more money and be happy again. Once they're happy they'll start lending us money again. If that sounds somewhat like slavery, IMO it is. But without any kind of political posturing there is no other solution.

[Calcountry]

Originally Posted by LiL stumppy

I'm not being a smart ass, just saying sorry for not clarifying what I meant.


We have been discussing this topic a lot and it amazes me how everyone has some way to fix the economy, not two people had the same idea. It was, new government, spend money, don't spend money. I never really followed politics or anything like that so I had no idea what was going on and didn't really believe this "recession" we were going through until the past few months where I have looked for a job and can absolutely not find one. Seems here a lot of people have different opinions as well on how to fix this problem. I am just curious, that's all.

Sometimes in econ, perception is everything.

If your prospective boss perceives the economy getting worse in the months ahead, he OR she alters their current behavior by putting off investments in plant or equipment, reducing their variable overhead of which labor costs is probably the most expensive component.

This in turn, leads to a self fullfilling prophecy of sorts, because you now, have no part time job, and are not able to take sweet little mary jane to the soda shop for a malt. The soda jerk is now out of a job because there aren't any janes and johnnys hanging out there, and so on.

Of course, the demand side people "create jobs" by taxing the rich, and taking that mofo's money and "employing" people to do things like rake leaves, and work as customer service at the US Mint and any number of other government jobs such as postal workers etc.

The reason this always becomes political, is due to the size of government in our economy. Government seeks to insert itself wherever it sees fit, as if it has the answers to where scarce resources OUGHT to be allocated to serve the greatest "common good". They do this by taxing rich mofos until they leave for Switzerland and take a vacation.

Then, the government plays Santa Claus and doles money out to its constituents. Yes, they tend to allocate it to the people that elected them and keep them elected, AKA Pork barrel spending, or more recently "earmarks".