quote Originally posted by aceman: Bill, Do you even know what a recession is and how it will affect you?

Sure.. I know how it is affecting me and I kno that it affects you less than me and most everyone else. The question is can you see and feel it and or acknowledge it. Just because the world is all rose colored for you doesnt mean it is for everyone else in America.

quote Do you post this out of worrying of the unknown?

No.
Do you counter what I say because it worries you?

quote Here are the most recent recessions: # 1973 oil crisis - a quadrupling of oil prices by OPEC coupled with high government spending due to the Vietnam War leads to stagflation in the United States. # 1979 energy crisis - 1979 until 1980, the Iranian Revolution sharply increases the price of oil (a war in the gulf) (oil closed +1.67 today) # Early 1980s recession - 1982 and 1983, caused by tight monetary policy in the U.S. to control inflation and sharp correction to overproduction of the previous decade which had been masked by inflation. # Great Commodities Depression - 1980 to 2000, general recession in commodity prices # Late 1980s recession - 1988 to 1992, collapse of junk bonds and a sharp stock crash in the United States leads to a recession in much of the West # Early 2000s recession - 2001 to 2003: the collapse of the Dot Com Bubble, September 11th attacks and accounting scandals contribute to a relatively mild contraction in the North American economy.

Yes and history is once again repeating. So why is this time so different? Because income is taxed more now than ever before so people have less money TO SPEND on items and necessities. The consumer index is falling, that means less jobs, less money in circulation, companies will post lower prifits, the market will continue to drop, it is happening right now. Sure Cisco may be doing just peachy.. but when the majority of company profits fall do you think they will still whip out the diamond studded multi platinum card with gold debluens and replace their infrastructure like they did last year? Hell no! They are going to cut spending on wages, layoff a few here and there and raise prices to maintain that stock value as much as possible.. screw the people!
In the 70's the average american was not even taxed. It want until 75 and later that the majority of americans paid income taxes. Less is less.

In the 70's we had over stock and warehouses full of products there was no such thing as "on demand" or streamlined operations in manufacturing. Today companies are "scaled down" to the most "efficient" possible to increase profits which causes nice stock prices and dividends for the elite class and not to mention the ceo's of most companies made WAY WAY less comparatively speaking.

There was a MUCH stronger manufacturing base in the 70's and the 80's much of that is gone now, it was replace (fincincailly) with the "dot coms" which crashed in the 90's... right around the time I completed my "higher education"

Now we are AT WAR IN THE ME.. so theres the top two in your list RIGHT THERE.

History is repeating itself but this time there is no room for error, there's no base to re surge from or fall back on except the market itself and that wont work becasue it's like trying to make a perpetual motion machine. It wont work.

quote You lived through and survived all of these, right? Our economy didn't just go poof in a puff of smoke. Economies have highs and they have lows. You seem to think this is the end of the world and it's not even close to it. We still haven't had ONE QUARTER of the GDP losing from the previous quarter.

Sure.. I have no doubt I will survive this one too but if I dont I could care less what the hell happens.

But lets just say the world as we know it wont be the same by any stretch. We may not even have the internet.. who knows? I duno about you by the batteries in my crystal ball ran out years ago... so I'm taking FULL advantage of everything I can WHILE I can and take nothing for granted.

quote The question is: What are YOU doing to help the economy?

What can one man do in a sea of some 300 million? I can only affect 1 persons life and that is mine. Other than that I just do what I do cuz I do what I do. That simple.

quote The people arguing against you and Steve are continuing to invest and spend their paycheck.

There are many who dont argue against me and their reasons are varied... and I dont care. Those who do I can count on 3 fingers.

quote Besides the fact that you don't get a paycheck because you're too damn lazy to get a job.

And you mooch more american tax dollars in a week than I do in a year so cry me a river douchebag.

quote What do YOU do to help the economy? Post doom and gloom?

I post news... You post heresay. No links, nothing concrete, only your own opinion which is full of sh!t 90% of the time.

Anyone can get news if they want but since we are in a service oriented economy I figured I'd offer my service to this thread... free of charge.

quote Do you have a suggestion or solution, Bill?

Fire government workers, 90% of the politicians, abolish income tax and give more money to AMERICANS and not the japs or chinese.. lower the deficit and debt by ohhhhhh a few TRILLIOIN.... EACH!, get out of the ME and concentrate on getting alternate energy sources and better fuel efficiency.

quote I don't, so my best way to help is to continue moving forward and spend and invest my paycheck.

Thats fine IF your world is all rose colored and you have money. You are not the commoner who is struggling to decide to pay the light bill or the mortgage this month... you know hand to mouth crap... which is something you cant comprehend nor as you eloquently stated "care about."

quote The gas stations tonight will get about $70 of my paycheck that I don't NEED to spend. Next week, the stores will get the same amount or more of my money that they did last year in my Christmas spending. By next summer, someone will be buying (or renting) my house in Minneapolis and I'll be buying a house in Omaha, NE.

Dont break your arm patting yourself on the back there spacey boy.

quote The world will continue to go around and the losers in the economy are the ones that cry doom and gloom and do nothing to help themselves in the low part of the economy.

Maybe not this time spacey... this could be the time you actually lose. Better work really hard and hope things get better and not worse.

It cant get much worse for me and I like it that way.

[This message has been edited by 84Bill (edited 11-16-2007).]

[This message has been edited by JazzMan (edited 12-04-2008).]