cre8tiff Posted October 12, 2009 Share Posted October 12, 2009 Such optimism is un-American. Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted October 12, 2009 Share Posted October 12, 2009 I hope they are correct. I've said all along the fundamentals of our local economy are strong, but everyone is sitting on the fence in fear. Hopefully that fear will subside. I honestly think if Obama had tabled any discussion on health care reform, and any new taxes, fees, or environmental restrictions we'd be much farther along than we already are. Can we take the unspent portion of the stimulus package an either pay off some of the national debt or give it back to the tax payers. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted October 12, 2009 Share Posted October 12, 2009 I hope they are correct. No you don't. Quote Link to comment Share on other sites More sharing options...
Savage Beatings Posted October 12, 2009 Share Posted October 12, 2009 No you don't. I think everyone wants our economy to recover regardless of who is in office (or despite who is in office). Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted October 12, 2009 Share Posted October 12, 2009 I wonder if these are the same economists that said the system was financially sound last August. I won't consider things getting better until we're generating net gains in jobs, but that's just me. Quote Link to comment Share on other sites More sharing options...
muck Posted October 12, 2009 Share Posted October 12, 2009 I wish I could remember where the stats were from that I saw this morning ... so, these may not be spot-on, but they are close: 1960: 60% of annual household income was carried in household debt 1990: 90% of annual household income was carried in household debt 2008: 138% of annual household income was carried in household debt today: 128% of annual household income is carried in household debt Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted October 13, 2009 Share Posted October 13, 2009 it will not be over until rush tells me its over. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted October 13, 2009 Share Posted October 13, 2009 we have a very long road to getting back to the new normal. cities and states going bankrupt cause of no tax revenues. it will get more expensive to live nowadays. spend wisely and good luck! Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted October 13, 2009 Share Posted October 13, 2009 I really hope they are right, but what do economist say about this? Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted October 13, 2009 Share Posted October 13, 2009 there is pretty good evidence the economy has stopped contracting and started growing again. but that really doesn't mean much. I bet a majority of those economists would also predict we will probably have double-digit unemployment (or very close to it) a year from now. Quote Link to comment Share on other sites More sharing options...
untateve Posted October 13, 2009 Share Posted October 13, 2009 I think everyone wants our economy to recover regardless of who is in office (or despite who is in office). I think you are very wrong. I think many republicans truly hope this drags out at thru 2012. If it does, it increases their chances to take back congress and the white house. To be fair, if it were a republican congress/white house, the democrats would hope the economic woes continue. And to be clear, I'm talking primarily about republicans who are in office but I also believe a large number of their supporters would be quite happy if the recession continues thru 2012. Quote Link to comment Share on other sites More sharing options...
tbimm Posted October 13, 2009 Share Posted October 13, 2009 I think you are very wrong. I think many republicans truly hope this drags out at thru 2012. If it does, it increases their chances to take back congress and the white house. To be fair, if it were a republican congress/white house, the democrats would hope the economic woes continue. And to be clear, I'm talking primarily about republicans who are in office but I also believe a large number of their supporters would be quite happy if the recession continues thru 2012. Yup. In a nut shell this is what is wrong with the system. Politicians could give a rats ass about us. It really only comes down to votes and control for them. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted October 13, 2009 Share Posted October 13, 2009 I think you are very wrong. I think many republicans truly hope this drags out at thru 2012. If it does, it increases their chances to take back congress and the white house. To be fair, if it were a republican congress/white house, the democrats would hope the economic woes continue. And to be clear, I'm talking primarily about republicans who are in office but I also believe a large number of their supporters would be quite happy if the recession continues thru 2012. Yup.In a nut shell this is what is wrong with the system. Politicians could give a rats ass about us. It really only comes down to votes and control for them. so we should all run for office..... Quote Link to comment Share on other sites More sharing options...
Skippy Posted October 14, 2009 Share Posted October 14, 2009 I think you are very wrong. I think many republicans truly hope this drags out at thru 2012. If it does, it increases their chances to take back congress and the white house. To be fair, if it were a republican congress/white house, the democrats would hope the economic woes continue. And to be clear, I'm talking primarily about republicans who are in office but I also believe a large number of their supporters would be quite happy if the recession continues thru 2012. I hate the fact that I think this is so true that it is pretty obvious. It sucks that people can clearly see it this way. Quote Link to comment Share on other sites More sharing options...
Chavez Posted October 14, 2009 Share Posted October 14, 2009 I wish I could remember where the stats were from that I saw this morning ... so, these may not be spot-on, but they are close: 1960: 60% of annual household income was carried in household debt 1990: 90% of annual household income was carried in household debt 2008: 138% of annual household income was carried in household debt today: 128% of annual household income is carried in household debt What, exactly, does "carried in household debt" mean? Quote Link to comment Share on other sites More sharing options...
Chavez Posted October 14, 2009 Share Posted October 14, 2009 so we should all run for office..... Well, I don't give a rats ass about you guys, so I guess I've got at least one qualification down. Quote Link to comment Share on other sites More sharing options...
muck Posted October 14, 2009 Share Posted October 14, 2009 What, exactly, does "carried in household debt" mean? I don't know; my inexact memory isn't helping us out ... the point is that debt levels for American households is about 2x what it was about 50yrs ago ... and all that means is that the typical household has less economic margin of error if something bad befalls them ... which means that while the recovery may be beginning, things won't be uber rosy for quite some time. A couple of people I know (and respect) are thinking that total returns for the large cap US equity market will be in the 3-4% / yr range for the next decade ... with lots of volatility in the interim ... Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted October 14, 2009 Share Posted October 14, 2009 What, exactly, does "carried in household debt" mean? anything under 100% and your running a surplus. anything over 100% and you are in debt. most households these days are in debt. Quote Link to comment Share on other sites More sharing options...
Chavez Posted October 14, 2009 Share Posted October 14, 2009 anything under 100% and your running a surplus. anything over 100% and you are in debt. most households these days are in debt. Well, duh. I'm just speaking of how the 100% is determined. My household has an income of about $65-70k but our total debt is around $100k, mortgage included. Take OUT the mortgage and it's about $5k in consumer debt. Calculate how much "annual household income is carried in debt"? Quote Link to comment Share on other sites More sharing options...
Avernus Posted October 14, 2009 Share Posted October 14, 2009 how well will our economy do when we aren't the reserve currency for the world anymore?....no more profiting on oil and weapons purchases from around the world etc etc.... Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted October 14, 2009 Share Posted October 14, 2009 so we should all run for office..... you got 50 million to spare?? Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted October 14, 2009 Share Posted October 14, 2009 (edited) Well, duh. I'm just speaking of how the 100% is determined. My household has an income of about $65-70k but our total debt is around $100k, mortgage included. Take OUT the mortgage and it's about $5k in consumer debt. Calculate how much "annual household income is carried in debt"? what are your monthly incomes and expenses? or just take your total monthly expenses(debts) and divide that by your total monthly income(after taxes). Edited October 14, 2009 by dmarc117 Quote Link to comment Share on other sites More sharing options...
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