Whats gone wrong with the US economy and why

[Dignity]

all people have permanent emotions including fear, however some men will try and hide those emotions for the sake of
recrimination from society, it is a cowardly act.. especially when someone validates it with a thumbs up, its just a way of mocking (which a real man would not do). there are situations where it necessary to control emotions but having them does not make an individual inferior.

 

[freedom]

Hello lily …

Your concerns are very rational sounding , but in the face of such economic adversity, life as we know it is about to change ….

This is a trend that we will not be coming out of in the same manner in which we went in , and I’m acutely aware of that fact .

Ask yourself lilly , in the last several months , how many times have you heard the government use the phrase “too big to fail “ …. company after company has been nationalized …. AIG is suckling at the government’s tit and will continue to do so for the foreseeable future …. The government has begun to overextend it’s self … for now everything is fine and dandy with the government making promises to pay for XYZ’s loan in the case of default … improved FDIC limits etc …. but we as a nation have not yet begun to feel the actual sting of the hit we’ve taken …. By the time the first hit lands (talking about main street here ) it’s going to be a KO for uncle sam … and I’m growing more and more worried about the AAA credit rating of the united states government .. If that goes then it’s game over . I could list a litany of problems about to hit us over the next 2-3 years , but I think your already up on the game …

Lily so far I’ve been correct and I see no hard evidence to show that there’s a light at the end of this tunnel …


To my detractors who think I’m a lose screw … pick up a copy of the wall street journal , and turn on the business station on your cable .. You need to start paying attention to current economic events , your comments illustrate to me that you do not understand the depth or danger we are now facing during this economic crisis ..

To those who want to make this political , don’t waste your time with me trying to pin blame , I am unconcerned with who is responsible for this mess … I’m looking for solutions and trying to spread awareness .

 

[JS]

Hopefully Barack Obama will be elected President. Let's get this movement into socialism overwith so that we can get back to business once the U.S. goes bankrupt and all socialism (both existing and what is to come) gets dumped.

The problem with McCain being elected President is that he also wants to socialize housing and banking but not to the same extent as Obama, thus giving socialism more time to take hold, culturally and financially.

Socialism is very expensive and it simply won't work in a country as large and diverse as ours with $9 trillion in debt. Unless the Libertarian Party wins the White House (possible albeit unlikely), if we're going down the road of socialism and a national bankruptcy, let's just get it overwith.

 

[freedom]

i agree that we will have to switch to socialism ... but it's going to be a very extream form of it , one that quite possibly CANNOT be dumped ...

As long as we remain a democracy old people will want to be taken care of (social security ) ...

Poor people will need assitance .... etc etc ..

our society is no longer culturaly set up to endure something like the great depression or a national BK and then just reboot to capitalism ....

Our nation's eventual BK will , well i don't want to say "destory the world " but will cause alot of problems for everyone else out there ...

 

[tech2101]

i agree that we will have to switch to socialism ... but it's going to be a very extream form of it , one that quite possibly CANNOT be dumped ...

As long as we remain a democracy old people will want to be taken care of (social security ) ...

Poor people will need assitance .... etc etc ..

our society is no longer culturaly set up to endure something like the great depression or a national BK and then just reboot to capitalism ....

Our nation's eventual BK will , well i don't want to say "destory the world " but will cause alot of problems for everyone else out there ...

You and "JS" should start your own panic room website.

 

[JS]

i agree that we will have to switch to socialism ... but it's going to be a very extream form of it , one that quite possibly CANNOT be dumped ...

As long as we remain a democracy old people will want to be taken care of (social security ) ...

Poor people will need assitance .... etc etc ..

our society is no longer culturaly set up to endure something like the great depression or a national BK and then just reboot to capitalism ....

Our nation's eventual BK will , well i don't want to say "destory the world " but will cause alot of problems for everyone else out there ...

Old folks and poor people can want all they like, but as the saying goes ... "you can wish in one hand and #### in the other and see which one fills up first"

If there's no money for handouts, then people will have to make do... tough titties!