quote Originally posted by Pyrthian: how does that send manufacturing jobs overseas? how does that sink GM? yes, I see how it affected the mortage crunch - but thats done & over with already

It's just one example.

The subprime mortgage bubble is what started this economic avalanche to begin with. It's far from "done & over with."
GM and the UAW had been having problems for years, but recently had made major restructuring with the UAW to try and become more competitive. Most of the changes were due to take effect in the next year or two. With the economic collaps - started by the mortgage bubble - sales dropped off so much they couldn't survive long enough for the changes to take effect.

Sending manufacturing jobs overseas is more a problem with tax code and labor costs than anything else.

quote Originally posted by Formula88: It's just one example. The subprime mortgage bubble is what started this economic avalanche to begin with. It's far from "done & over with." GM and the UAW had been having problems for years, but recently had made major restructuring with the UAW to try and become more competitive. Most of the changes were due to take effect in the next year or two. With the economic collaps - started by the mortgage bubble - sales dropped off so much they couldn't survive long enough for the changes to take effect. Sending manufacturing jobs overseas is more a problem with tax code and labor costs than anything else.

yes - but no matter how you wrap it - job loss is the root of the failed economy - NOT the cost of land/houses
and, the housing bubble maybe the first sign many saw - but the problem was underway long before that
ever since China was made our trading buddy - our economy started sliding away
many didnt notice, because quite a few people made big money selling off the USA

quote Originally posted by Pyrthian: yes - but no matter how you wrap it - job loss is the root of the failed economy - NOT the cost of land/houses and, the housing bubble maybe the first sign many saw - but the problem was underway long before that ever since China was made our trading buddy - our economy started sliding away many didnt notice, because quite a few people made big money selling off the USA

Job loss is the effect, not the cause IMO.
However once jobs are lost, those people cannot pay any of their bills and it all gets worse.

Watch the video. Schiff explains why we are in the mess we are. It has to do with this countries' spending money we don't have to buy stuff we don't make.

quote Originally posted by 2.5: Job loss is the effect, not the cause IMO. However once jobs are lost, those people cannot pay any of their bills and it all gets worse.

yes - a vicsous circle kinda thing. "snowball effect"
which started small, when Clinton decided China would be our budds
and, as we were all had our eyes on Terrorists & Iraq - China usurped our workforce
come out the otherside, and we all stand around pointing fingers....

quote Originally posted by Pyrthian: yes - a vicsous circle kinda thing. "snowball effect" which started small, when Clinton decided China would be our budds and, as we were all had our eyes on Terrorists & Iraq - China usurped our workforce come out the otherside, and we all stand around pointing fingers....

I think it is more our own idiots buying things on credit and never paying it back racking up 29% interest.
You should start a thread on the asian thing.
You don't seem to start many threads.

quote Originally posted by 2.5: I think it is more our own idiots buying things on credit and never paying it back racking up 29% interest. You should start a thread on the asian thing. You don't seem to start many threads.

which part is the problem? buying on credit? never paying it back? 29% interest?
and who does this actually affect? the person who didnt pay it back, or the person who loaned the money?
I see the problems with the credit & mortage crunch - but - it really seems that is just a "paperwork" problem, and some folk who loaned money are out that money, but the money still exists - while actual jobs leaving the USA is a real problem - and the money which leaves the USA is GONE.

and, I feel I am to spastic & unclear to start a topic...

quote Originally posted by Pyrthian: which part is the problem? buying on credit? never paying it back? 29% interest? and who does this actually affect? the person who didnt pay it back, or the person who loaned the money? and, I feel I am to spastic & unclear to start a topic...

Being stupid enough to take a loan/credit for something/anything they cannot afford to pay for is the problem. Even dumber for non necessities.
It affects everyone, because these people eventually file for bankruptcy, and prices rise and we all pay for it. Or they can't afford their mortgage and you get the housing crisis.

spastic?
I probably have some sort of issue too.
Whatever I am, it never stopped me from starting threads.

quote Originally posted by 2.5: Being stupid enough to take a loan/credit for something/anything they cannot afford to pay for is the problem. Even dumber for non necessities. It affects everyone, because these people eventually file for bankruptcy, and prices rise and we all pay for it. Or they can't afford their mortgage and you get the housing crisis. spastic? I probably have some sort of issue too. Whatever I am, it never stopped me from starting threads.

well, I agree it affects everyone - but the degree of the affect is what I question. the only loser is the person who loaned the money. and the money still exists.
the housing crisis is mostly because the cost of houses has returned to a realistic state. and, many people borrowed an unrealistic number against their home. again - the only real loser? the person who loaned the money. while this may affect some jobs - it shouldnt cause the unemployment we are seeing. how does credit & housing create so much unemployemnt in the area of manufacturing?
because it dont. the items are STILL being manufactured.

quote Originally posted by Pyrthian: well, I agree it affects everyone - but the degree of the affect is what I question. the only loser is the person who loaned the money. and the money still exists. the housing crisis is mostly because the cost of houses has returned to a realistic state. and, many people borrowed an unrealistic number against their home. again - the only real loser? the person who loaned the money. while this may affect some jobs - it shouldnt cause the unemployment we are seeing. how does credit & housing create so much unemployemnt in the area of manufacturing? because it dont. the items are STILL being manufactured.

Well, for one manufactuerd things are what people buy, people stop buying them because times are tight, places that sell the goods get overstocked and stop ordering from the manufacturing plant, the manufacturing plant lays people off, or maybe goes under.

I apologize for my part in derailing this thread by calling out the BS. Tempting to call out more of his brainwashed BS, but that was the plan I think, to derail this thread.
So back on the topic, I guess by his actions or lack of we can all assume that he is not happy with Obama too.

You cannot legislate the poor into prosperity by legislating
the wealthy out of prosperity. What one person receives without
working for, another person must work for without receiving.
The government cannot give to anybody anything that the
government does not first take from somebody else. When half
of the people get the idea that they do not have to work
because the other half is going to take care of them, and when
the other half gets the idea that it does no good to work
because somebody else is going to get what they work for, that
my dear friend, is the beginning of the end of any nation.. You
cannot multiply wealth by dividing it."*

* Adrian Rogers, 1931*

"You cannot multiply wealth by dividing it"

...a truth that liberals will NEVER get. Let's hope they don't succeed in ruining this country before we can stop them.