Double-Dip Recession, Anyone?
- Thread starter eolesen
- Start date
SparrowHawk
Veteran
- Joined
- Nov 30, 2009
- Messages
- 7,824
- Reaction score
- 2,707
And it took you all the way to 2012 to realize that what Ron Paul said in 2008 was accurate?
Want to be really frightened? Consider that the millions who voted for Obama have yet to figure it out.
eolesen
Veteran
- Joined
- Jul 23, 2003
- Messages
- 15,959
- Reaction score
- 9,375
I've been saying that the double-dip was coming for years....
And it's not just Europe.
China's in a recession, even though the Party won't admit it.
India is on the verge of a recession. Brasil is tipping that way.
And yet, our deficit spending continues to rise... Perhaps its time to just default, since everyone else is in the toilet...
And it's not just Europe.
China's in a recession, even though the Party won't admit it.
India is on the verge of a recession. Brasil is tipping that way.
And yet, our deficit spending continues to rise... Perhaps its time to just default, since everyone else is in the toilet...
NewHampshire Black Bears
Veteran
- Joined
- Aug 20, 2002
- Messages
- 10,153
- Reaction score
- 681
UR not worrying about losing your NON-UNION job are you Eric ?
eolesen
Veteran
- Joined
- Jul 23, 2003
- Messages
- 15,959
- Reaction score
- 9,375
Nope -- my employer only has net debt of about 1.5x annual earnings, and we're bringing in a fairly decent margin. Not being highly leveraged means we won't be swinging in the wind like other companies who are leveraged to the hilt.
It's going to be ugly for the airlines, though. The last time there was a recession, the big airlines weathered the storm because it wasn't quite so bad elsewhere, i.e. Asia, South America.
This time, there may not be a safe harbor to hide in.
And it's going to be ugly for government workers, too. Even union ones.
It's going to be ugly for the airlines, though. The last time there was a recession, the big airlines weathered the storm because it wasn't quite so bad elsewhere, i.e. Asia, South America.
This time, there may not be a safe harbor to hide in.
And it's going to be ugly for government workers, too. Even union ones.
southwind
Veteran
- Joined
- Jan 22, 2008
- Messages
- 7,709
- Reaction score
- 3,928
Doubt he is but, I'd be worried about losing my job if I were one of these UNION employee's !
"Twinkies Maker Hostess Vows to Liquidate Company if Strikes Persist !"
"It is now up to Hostess' BCTGM-represented employees and Frank Hurt, their international president, to decide if they want to call off the strike and save this company, or cause massive financial harm to thousands of employees and their families," Rayburn said. "
http://abcnews.go.com/Business/twinkies-maker-hostess-vows-liquidate-company-strikes-persist/story?id=17725053
Sounds to me like the unemployment rate is about to go up....................again !
Dog Wonder
Veteran
You thought Herman Cain was going to be President-Elect by now.
southwind
Veteran
- Joined
- Jan 22, 2008
- Messages
- 7,709
- Reaction score
- 3,928
Your a racist !
RDU Jetblast
Veteran
Maybe they are foolish or maybe they are ballsy. It is their decision to excercise their right to strike. Just as it is the right for the company to shut their doors.
It is democracy in action. I would neither cheer nor jeer.
It is democracy in action. I would neither cheer nor jeer.
Kev3188
Veteran
Exactly.
southwind
Veteran
- Joined
- Jan 22, 2008
- Messages
- 7,709
- Reaction score
- 3,928
UPDATE !
"Twinkie Maker Hostess To Liquidate, Layoff 18.5K Workers!"
http://www.forbes.co...-18500-workers/
The only right they execrcised was their right to not have a job and start collecting Obama's freebies !
Next? Amcrack and the USPS!
SparrowHawk
Veteran
- Joined
- Nov 30, 2009
- Messages
- 7,824
- Reaction score
- 2,707
If it’s not accepted that big government, fiat money, ignoring liberty, central economic planning, welfarism, and warfarism caused our crisis we can expect a continuous and dangerous march toward corporatism and even fascism with even more loss of our liberties. Prosperity for a large middle class though will become an abstract dream.
This continuous move is no different than what we have seen in how our financial crisis of 2008 was handled. Congress first directed, with bipartisan support, bailouts for the wealthy. Then it was the Federal Reserve with its endless quantitative easing. If at first it doesn’t succeed try again; QE1, QE2, and QE3 and with no results we try QE indefinitely—that is until it too fails. There’s a cost to all of this and let me assure you delaying the payment is no longer an option. The rules of the market will extract its pound of flesh and it won’t be pretty.
This continuous move is no different than what we have seen in how our financial crisis of 2008 was handled. Congress first directed, with bipartisan support, bailouts for the wealthy. Then it was the Federal Reserve with its endless quantitative easing. If at first it doesn’t succeed try again; QE1, QE2, and QE3 and with no results we try QE indefinitely—that is until it too fails. There’s a cost to all of this and let me assure you delaying the payment is no longer an option. The rules of the market will extract its pound of flesh and it won’t be pretty.
Ms Tree
Veteran
- Joined
- Jul 13, 2010
- Messages
- 9,731
- Reaction score
- 9,009
The problem with that right is when the union workers make the decision for all the non-union workers. Their voice is not heard.
