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Greed and money will not get you far once your 6ft under. Its easier for a camel to fit through the eye of a needle than it is for a rich man to get to heaven.
Well first of all the Dow is an indicator of the economy's future. Obama's policies are scaring the he!! out of the market and since his nomination the market has lost 20% of its value. And what the heck (Andy Griffith moment) is soooo wrong with getting rich?
We are currently experiencing a Barney Frank(and a lot of other dems) screw up.... encouraging Government created business(fanie/Fredie mac) to give money to anyone who wanted a house. Hence you get trickle UP FUBAR!!!!
You, like most people infatuated with wealth envy, just don't get how capitalism works (and works very well). It's all about motivation. People are not motivated to work their butts off just to see their results get confiscated. People in this position will just do the minimum, as they will always become resentful of the freeloaders.
There's an interesting story of the first Thanksgiving that you were probably never taught in your government school. The first year that the pilgrims spent in Massachusetts was extremely difficult. (By the way, the only reason they stopped in Mass. instead of continuing on to Virginia was they ran out of beer). Anyway, they worked together to grow crops, but they were dying of starvation. Eventually, Governor William Bradford decided to try something different. He gave each colonist a plot of land, and told them they could keep or even sell their excess. Immediately the colony began to prosper, and the result of that prosperity became what we celebrate as Thanksgiving. Why do we not celebrate the whole story, the true capitalist origin of this country?
As the story was told to me, the Indians (Native Americans) helped the pilgrims survive and then were rewarded with all their land being stolen and them forced to live on reservations and start casinos hundreds of years later.
Wow another Obama=Socialist/Marxist thread.
Bush entered office in 2001 with a budget surplus and 5.5 trillion in national debt, now we have a budget defecit and a 9 trillion dollar defecit. Obama isn't the greatest thing since sliced bread but he is way smarter than Bush ever was, and his econmic pollicies so far seem to be in line with actual conservative ideals (if those actual exist anymore). If you knew what a REAL socialist society was you would be spouting idioctic Limbaughism on here. Here is something you may not know:
If you are a republican your party sucks and lies
If you are a democrat your party sucks and lies
They both spend more than they take in and they both lie to the American people on a daily basis, neither party has your interests in mind but they are very good at making you think that they do. Neither party is socialist or facist, they are both slaves to different divisions of corporate America. So stop these stupid rants about Obama and or Bush and wake up. It won't matter in 20 years when China becomes the richest nation on Earth and we go bankrupt when they call in our debts. Try reading what major forces bring down large empires, very rarely is it outside forces (terrorism). The fall of empires usually has to do with internal economic problems (governments spending more than they take in on taxes for long periods of time). Turn off Faux News or MSNBC and read a book.
Back to the main point, I think 2011-2016 will be string hiring years.
The story told to you was overly simplified and revised through our modern, more civilized perspective. It helps to know that mankind in the past was much more barbaric as a whole than today (remember what scalping was?), and that the pursuit of territorial expansion was a common thing, by both whites and native Ameicans. The only reason the invaders won was they had better weapons. Though today we would argue differently, at the time neither side had a moral superiority.As the story was told to me, the Indians (Native Americans) helped the pilgrims survive and then were rewarded with all their land being stolen and them forced to live on reservations and start casinos hundreds of years later.
Okay have you seen a socialist society, Because I have. I was in West Germany when the Wall fell and have a peice of it along with a Russian Socialist flag from a split republic. I have visited berlin when there was a wall seperating east from west. So to answer YOUR question...Why yes I have, and it sucked and that is why east and west Germany is one!!!!
Cybourg10,
There is actually much that we have in common. I agree with just about everything you wrote (except for the part about Obama's fiscal policies being in line with conservative ideals--spending more in one month than the combined spending of the U.S. Government since its inception is hardly a conservative ideal).
What we can agree on is that politicians on both sides have sold us down the river. They divide and conquer by convincing us to hate each other, while they ruin the country with their own self interest. Doesn't it tick you off that the country is falling apart, and the news is just talking about what Rush did or didn't say?
What we need to do is ignore what the political parties are telling us. We need to focus on the principles we agree on, which are hopefully the same principles agreed on by the founding fathers. Then the solutions to our problems will be self-evident. Be honest. Don't lie. Don't steal. Believe that justice is blind, and no one is above the law. Believe that we all have a right to life, liberty, and the pursuit of happiness, but that there is no guarantee of equal results. Believe that you work hard for your money, you will give to charity what you want, if you want, without threat of force. Believe that the government answers to us, we don't answer to them.
Do you agree with these principles? They are the answers.
I guess to stay on topic as well, I'll say the economy starts to improve in late 2010, as all the printed pork money starts to enter the economy, but then inflation goes through the roof. The Fed will be then forced to raise interest rates to stratospheric levels in an attempt to cool the economy in a controlled recession that lasts several more years, a la the Carter years. Those were the real good-ol'-days, huh?
Cybourg10,
You never answered me in post #46. Do you agree with the basic principles of the founding fathers?
I'm no economist, but there are factors aside from the economy that put us in this situation. Age 65 in particular.
2012 is something to look forward to, but I think you also have to look at flight crew to passenger capacity ratios. Outsourcing to regionals created jobs a few years ago. Higher gas prices and less differential in pay scales between majors and regionals could reverse this trend.
In other words, if they consolidate several RJ routes back to Boeings (or even larger capacity "RJs") that can carry the same number of passengers with less pilots, this drought of pilot jobs may continue past 2012.
More speculation than prediction here. Hope for the best.
You still didn't answer me. While there is much we can agree on, we'll never get anywhere if you don't even want to admit that basic principles of right and wrong are the main things we must agree on. Someone once said, if you don't have a set of core principles to guide you, when a crisis hits, people can convince you to do anything.
As much as it would have been painful to watch McCain as pres, one thing's for sure, Obama is not going to help end this recession any sooner. I don't know of a lot of poor people that drive the economy.