Business Week: Double Digit Inflation in 2009 (bye bye more jobs)

[lowecur]

Business Week says stagflation in full bloom in 2009. Low Cost Mfg in China will no longer be able to bail out the good old USA. This will have serious effect on airline travel in the coming years, as carriers will be forced to pare capacity even further....as consumerism will be reduced to a nub of it's former self.

imp:​

http://biz.yahoo.com/bizwk/080818/aug2008db20080815021990.html

 

[Amish RakeFight]

Hopefully, Obama will lessen the brunt in 2009.

 

[PlaneDrvr]

Hopefully, Obama will lessen the brunt in 2009.

Now that's funny, I hope that You were actually joking?? Obama's economic policies will actually make things worse; higher taxes, fees and regulation will increase the 'cost' of operating in the U.S. and drive more business and thus 'jobs' overseas.

Regardless of what he says to 'get elected' make no mistake that Obama is from the 'central planning' model of gov't/business; meaning that he believes that gov't should 'tell/direct' business in how to operate, what they should do and how they should run their business. Central Planning is just one minor step short of 'socialism/nationalization' of business/industry.

Gonna be interesting, to say the least.

For what's its worth.

PD

 

[Amish RakeFight]

What has our Country come to?

I'm really worried. Money and career wise.

This Sheeeet ain't funny no more. Serious. How much more can Americans endure before they reach a psychological and emotional breaking point?

Fear is what drives peoples motives and fear and greed have combined to form a very volatile mixture, interfering with our economy.

Liberal or Conservative, we need to get our Country back on track. Maybe it's cause I'm getting older, but let me tell you something, I've never had such worries about my future (career, healthcare, income, food, fuel, you name it.) and it's making me feel ill daily.

 

[Smacktard]

What has our Country come to?

I'm really worried. Money and career wise.

This Sheeeet ain't funny no more. Serious. How much more can Americans endure before they reach a psychological and emotional breaking point?

Fear is what drives peoples motives and fear and greed have combined to form a very volatile mixture, interfering with our economy.

Liberal or Conservative, we need to get our Country back on track. Maybe it's cause I'm getting older, but let me tell you something, I've never had such worries about my future (career, healthcare, income, food, fuel, you name it.) and it's making me feel ill daily.

I'm with you on most of what you say, but I think Obama takes us closer and closer to what worries you. Freedom, individualism etc is what we used to be all about, now it's anything but. Neither party cares about that stuff anymore, just broken promises and symbolism over substance. Count the number of times you hear Obama say 'freedom' or 'individual' in his nest speech.

 

[Soverytired]

Hopefully, Obama will lessen the brunt in 2009.

Hah hahahahhahahahahahhahahahahahahah!

Good one! Nothing like adding a trillion dollars of entitlements while simultaneously raising capital gains taxes to fight inflation!

Mind boggling, really. Congress has a 9% approval rating yet 1/2 of all Americans can't wait to fork over all their $$$ in return for more ********************ty government programs.

 

[sat74]

What has our Country come to?

We have become a Socialist Democracy, not a Republic as our forefathers envisioned.

Socialist (Communist) Manifesto:

In 1944, Samuel B. Pettengill, Democratic Congressman from Indiana (1930-1938), warned that communism wanted America to spend itself into bankruptcy and was striving in every way to get Americans to become very dependent on a centralized government. He gave to his fellow members of the House of Representatives the 12 points of the Socialist Manifesto for the economic destruction of free governments.​

In an address given in October 1949, he denounced the New Deal-Fair Deal program, now using the term "socialism" to describe it. His central theme was the twin evils of high taxation and monetary inflation, which would render people dependent. Inflation was also an engine for eroding genuine federalism: "The federal government has a printing press; the states do not. This easy money route promotes the extension of federal power and subtracts from state and local self-government." ​

In order to prepare a nation for socialism or communism he said that the 12 Points of the Communist Manifesto must be implemented:​

Point 1 - The people must be made to feel their utter helplessness
Point 2 - The principle of local self-government must be wiped out
Point 3 - The centralized government must dutifully register the will of the leader or group in control
Point 4 - Constitutional guarantees must be swept aside
Point 5 - Public faith in the legal profession and respect for the courts must be undermined
Point 6 - The law-making body must be intimidated and from time to time rebuked
Point 7 - Economically, the people must be kept ground down with high taxes
Point 8 - A great public debt must be built up 8
Point 9 - A general distrust of private business and industry must be kept alive
Point 10 - Government bureaus are set up to control practically every aspect of the citizen's life
Point 11 - The education of the youth of the nation is taken under control
Point 12 - Steady stream of government propaganda​

 

[Amish RakeFight]

...and to make matters worse, you know how much FREEDOM and PRIVACY we are losing because of something so wonderful? - I'm talking about the internet. It's a revolutionary tool but it has it's dangers. I won't bother ringing the alarms but y'all know what I'm taking about. More and more personal transactions, communications and dealings are being handled via this mode. It will only increase. Our society is moving towards a dependency of the internet for basic to complex purposes. Cyber crime will increase and so will government monitoring. My understanding is that the internet infrstructure was not designed to handle the enormity of what the world wide web has become. It WILL be revamped and aligned with the governments CONTROL of how they see things fit. It will be made more secure (criminals only get smarter, anyhow) and be designed to handle more trafffic in a more secure and efficent way. It will also lend itself to more unwelcomed Big Brother-like tactics. It's not only the government, but corporations like Google, etc. are in on the big bucks potential the internet is inevitably going to foster.

 

[Captain Overs]

We have become a Socialist Democracy, not a Republic as our forefathers envisioned.

Socialist (Communist) Manifesto:

In 1944, Samuel B. Pettengill, Democratic Congressman from Indiana (1930-1938), warned that communism wanted America to spend itself into bankruptcy and was striving in every way to get Americans to become very dependent on a centralized government. He gave to his fellow members of the House of Representatives the 12 points of the Socialist Manifesto for the economic destruction of free governments.​

In an address given in October 1949, he denounced the New Deal-Fair Deal program, now using the term "socialism" to describe it. His central theme was the twin evils of high taxation and monetary inflation, which would render people dependent. Inflation was also an engine for eroding genuine federalism: "The federal government has a printing press; the states do not. This easy money route promotes the extension of federal power and subtracts from state and local self-government." ​

In order to prepare a nation for socialism or communism he said that the 12 Points of the Communist Manifesto must be implemented:​

Point 1 - The people must be made to feel their utter helplessness
Point 2 - The principle of local self-government must be wiped out
Point 3 - The centralized government must dutifully register the will of the leader or group in control
Point 4 - Constitutional guarantees must be swept aside
Point 5 - Public faith in the legal profession and respect for the courts must be undermined
Point 6 - The law-making body must be intimidated and from time to time rebuked
Point 7 - Economically, the people must be kept ground down with high taxes
Point 8 - A great public debt must be built up 8
Point 9 - A general distrust of private business and industry must be kept alive
Point 10 - Government bureaus are set up to control practically every aspect of the citizen's life
Point 11 - The education of the youth of the nation is taken under control
Point 12 - Steady stream of government propaganda​

Sounds to me like George W. Bush has tried to implement all 12 of those points.

 

[Amish RakeFight]

Sounds to me like George W. Bush has tried to implement all 12 of those points.

Yep. That's just how I feel.


The Golden Rule:

He who holds the gold, calls the tune.



...I'm (we're - at least most of us) just comon hoi polloi and will be treated as such. Anyone familiar with the term "Permanent Government"?

 

[screech]

Remember folks, the "news" is whatever those that produce it want it to be. There is a movie produced in 1976 called "Network" that basically satirizes the big network TV stations. Essentially they do all sorts of crazy stuff including killing people on TV purely for ratings and Advertising dollars.

Just like this "discussion" board, Media outlets are another medium for entertainment. Some people watch reality shows, some watch CSI, and some watch Network Television or in this case reading incendiary magazine articles.

i remember my Dad telling me that the Soviets were for sure going to nuke us in the 1950's, then the Saudis were going to kill us and destroy the economy during the Carter Years with the Oil embargo. Now it's "global warming"
Honestly, I'm not worrried at all. The world will continue to function ok.

Besides just like flying, peole tend to make irrational decisions when they're hysterical. Relax, compartmentalize the info and make a sound decision. You'll almost always make a better one.

 

[Flying the Line]

So the choice is higher taxes or have McCain go "full Cabotage all over our a$$e$".

After much deliberation I can afford the extra 1 1/2 percent.

 

[FlyinGuy]

.....the extra 1 1/2 percent (try 5+ percent) plus whaterer is going to be required to fund the next war when our enemies press to test....

 

[BoilerUP]

How much more can Americans endure before they reach a psychological and emotional breaking point?

Only in our spoiled modern society can a comment like that be made, and be made seriously.

Our country will be much better off when the economy isn't reliant on Joe Q. Citizen spending money he doesn't have, and going tens of thousands into debt, to maintain an inflated quality of living.

God help us if we REALLY get into a genuine "crisis" in this country...

 

[BoilerUP]

.....the extra 1 1/2 percent (try 5+ percent) plus whaterer is going to be required to fund the next war when our enemies press to test....

Too bad nobody is funding the current wars...let alone the future ones.

If we were REALLY serious about this, as a country, there would be gasoline and metal rationing, war bonds, etc. Genuine shared sacrifice. Can't be having that though - God forbid we temporarily sacrifice our quality of living toward a common goal!

Collectively, as a country we're all too busy watching "The Soup" on E! to pay attention to what's actually going on...

 

[Amish RakeFight]

Only in our spoiled modern society can a comment like that be made, and be made seriously.

Very true. I've come to expect a certain standard which would be laughable in most parts of the world. But it is a standard I feel is being yanked from underneath me. We in America do have it better in many ways, yet we take it for granted as it becomes a standard. It feels like the American way of life is not so nice and appealing any more.

Perhaps my folks have felt similar times, but now that I'm well beyond young adult, this economic climate scares the crap out of me. I worry constantly about my future. The future is BLEAK.

 

[BoilerUP]

Perhaps my folks have felt similar times, but now that I'm well beyond young adult, this economic climate scares the crap out of me. I worry constantly about my future. The future is BLEAK.

Why are you scared?

Why do you feel the future is, as you say, "BLEAK"?

As you posted earlier, fear is a powerful motivator...don't fall into that trap. You don't have to be naively optimistic to not be afraid...

 

[Poahi]

....I'm really worried.....This Sheeeet ain't funny no more....

This is why I don't understand why pilots support Obama. He is going to raise taxes and choke the economy and he's liked because he speaks well? He is telling you that you are going to he!! and he's got most Americans are looking forward to the trip. Then, when the economy is near death, he'll blame it on the previous administration. How many furloughs/ bankruptcies do we need for the pilot group to wake up? History will show 9/11 to be economic paradise compared to this and we fell asleep at the wheel. Maybe we just aren't hungry anymore.

 

[Raskal]

This is why I don't understand why pilots support Obama. He is going to raise taxes and choke the economy and he's liked because he speaks well? He is telling you that you are going to he!! and he's got most Americans are looking forward to the trip. Then, when the economy is near death, he'll blame it on the previous administration. How many furloughs/ bankruptcies do we need for the pilot group to wake up? History will show 9/11 to be economic paradise compared to this and we fell asleep at the wheel. Maybe we just aren't hungry anymore.

Obama, Mccain, I don't think either will make any huge difference not to mention neither of them were my first choice.

What I sincerely don't understand is the fed, why the hell are interest rates still so low with the dollar sagging and inflation well past the 'danger will robinson' phase? All I ever hear about is that raising the rates to combat the inflation will 'upset' the market...hmm. So our entire economy is based upon some schmuk's daily moods? I couldn't be more sick of hearing about the daily 'emotions' of wall street.

The fed should've raised rates some time ago and killed the ridiculous bubble on our own terms rather than letting it get to the point of collapse.

 

[climbhappy]

I keep reading good stuff for 09. the last five downturns have seen comebacks 24 months from the bottom. the end of 09 is supppose to be the prpojected comeback. in all 5 comebacks the S & P 500 soared over 20% in the first year... for me the glass is half full.

 

[lowecur]

It's all hubris. Our people and our elected officials are like a bunch of stumbling drunks that will never admit to destructive behavior until we have reached rock bottom. The old expression, "I can handle it," keeps echoing down the halls of Congress.

Someone asked earlier why don't we raise interest rates right now? It's because the financial system is in such poor shape from the subprime mess, that the Fed is trying to give the banks breathing room so that they can stop the hemmhorging. The problem is when you plug one leak, another just pops open. What we need is for a recession to just unfold. Our expenses are so damn high, we keep artificially propping the financial system up, hoping to keep the dream alive for another year.

Why are the Russians being as bold as they are? Because they know they have Europe by the sac with oil. Most of Europe (NATO), would never dare be adversarial for fear of Russia closing the oil spickett. It also wouldn't surprise me if Russia just went into Georgia and annexed it back, for the sole purpose of controling the 2nd largest oil pipeline in the world. Also, they don't fear the US military as they have in the past. Our fighting machine is tired and too broken down to offer any longterm serious resistance in Georgia.

We are a paper tiger and it's going to take years and lots of eating of humble pie before we get it turned around. Will we do it? Yeah, we always do it.....but we are going to be living with lots of pain in the next 3- 7 years.

imp: ​

 

[Flying the Line]

http://www.commondreams.org/headlines01/0523-02.htm

 

[Mamma]

We are a paper tiger and it's going to take years and lots of eating of humble pie before we get it turned around. Will we do it? Yeah, we always do it.....but we are going to be living with lots of pain in the next 3- 7 years.

imp: ​

I agree with a lot of what you said but I am not so sure we are a paper tiger. Didn't we jump into WWII during a depression? The problem with the current war and why there is no draft, war bonds and rations is this is a divisive war and the politicians are walking a fine line to get it to a satisfactory conclusion. I am not saying we are in any shape for a major war but I don't think I am on board with calling the US a paper tiger.

 

[list2002]

Thank goodness Bush got us all squared away before the ******************** hit the fan.

 

[V-1]

Too bad nobody is funding the current wars...let alone the future ones.

If we were REALLY serious about this, as a country, there would be gasoline and metal rationing, war bonds, etc. Genuine shared sacrifice. Can't be having that though - God forbid we temporarily sacrifice our quality of living toward a common goal!

Collectively, as a country we're all too busy watching "The Soup" on E! to pay attention to what's actually going on...

Oh, somebody is funding the current wars, they're also hosting the Summer Olympics this year. The U.S.'s second biggest creditor is a Communist nation. Better hope they don't stop lending us money.

Asking personal sacrifice from your constituents requires leadership, of which there has been little. Allowing the value of the dollar to fall 35% in six years is a much more subtle way to require personal sacrifice of the masses.

As for the Democrat/Republican arguements here, I will be successful no matter who is elected.

I'll also be happy to have a president who can speak English. It's been some time since we've had one who meets that most basic of job requirements.

It'd also be nice to have a president who doesn't cater soley to the Christian extremists in this country.

 

[Minimaniac]

Maybe we just aren't hungry anymore.

The above statement is exactly what is wrong with our nation, and explains why we have lost control of our government. We Americans are so far detached from the basic needs of life. After all the economic woes that have hit our nation, and my socio-economic class, I still have food on the table AND in the pantry. I can afford to go buy more, and when I get to the store, more will be waiting to be bought. We are comfortable overall. Ever talk to your grandparents who lived through the depression? We are nowhere near that level.

Until our lives and those of our family truly hang in the balance of political decisions, we will never put the screws to our elected leaders in a way that asserts our fundamental role in this democracy. It is a shame we will have to fall so far to regain our control, but it can be done. We rule by popular vote. As long as the majority of us are fed, warm, and healthy, there will be no momentum for change.

So, until dung hits the rotating cooling device, we are stuck with our long-winded senators and impotent presidents. In the mean time, make sure you brush up on basic skills like raising a garden, practical woodworking, and cooking from basic ingredients. Know how to live when the luxuries of ready-made disappear along with your financial ability to contract out your basic home repairs. And never give up your second amendment rights...that may be the last chance we have one day for taking our government back.

 

[AA717driver]

Basic gardening? You mean without tons of petro-chemical fertilizer and genetically altered corn being force-fed to cattle (who were never designed to eat corn!), injected with massive amounts of anti-biotics to permit their digestive tracts to handle it?

ALL so ADM, Cargill, Monsanto, etc. can make billions of dollars? (And then distribute some of it to the Congress-whores who make the legislation that inhibits organic farmers from expanding and protects big agribusiness...)

What a concept...

Read "Omnivore's Dilemma". It will scare you worse than any Stephen King novel. TC

 

[BoilerUP]

Hey TC,

I can reload 30-06 for about $0.50 per shot...for $10 I can feed my wife and I venison for a year. You want some? If so, bring bourbon.

 

[AA717driver]

Boiler--I live across the street from Eagle Creek Park. You can't spit without hitting a deer.

However, since I'm staring at a sea of 'future corn mash' out my back door, I'll bring the booze.

My 10 year old wants to learn to deer hunt so he'll provide the meat for the family. TC

 

[KigAir]

Only in our spoiled modern society can a comment like that be made, and be made seriously.

Our country will be much better off when the economy isn't reliant on Joe Q. Citizen spending money he doesn't have, and going tens of thousands into debt, to maintain an inflated quality of living.

God help us if we REALLY get into a genuine "crisis" in this country...

+1

Only the people who over bought a lifestyle have a crisis.