Economic crisis

Economic crisis

by forbidden0rules on 09-23-2008 3:05 pm

Is the economic in USA falling? The dollar exchange rate is decreasing slowly and prices are rising. I think that it won't be very critical if it comes, but it will be a hard hit to another countries!
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by Nexus on 09-23-2008 3:40 pm

This thread has been done before.

so a few specific parts of the economy aren't doing so well, let it correct itself as usual
If you tax them, the great depression would look normal. And guess who wants to tax us?
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by infinitesilence on 09-23-2008 4:13 pm

Ach.
The $700 billion bailout is kind of crazy. And it could possibly increase to a trillion dollars or more.
There's roughly 300 million people living in America, and then even less are taxpayers.
That's loads of money.
I think the government should find a different, better solution before trying to take these drastic measures.
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by Nexus on 09-23-2008 4:17 pm

The point is to stay out of it completely and let the market correct itself

Here's some problems:

*Bailout the banks; Will make it worse

*Higher taxes (says Obama); will make the great depression look like a cake walk.
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by infinitesilence on 09-23-2008 4:18 pm

Nexus wrote: The point is to stay out of it completely and let the market correct itself

Here's some problems:

*Bailout the banks; Will make it worse

*Higher taxes (says Obama); will make the great depression look like a cake walk.


Yeah.
I wish the government would abide by that theory, though.
I'm just a love machine, feeding my fantasy, give me a kiss or three and I'm fine.
I need a squeeze a day, instead of the negligée, what will the neighbours say? <3


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by Nexus on 09-23-2008 4:22 pm

infinitesilence wrote:
Nexus wrote: The point is to stay out of it completely and let the market correct itself

Here's some problems:

*Bailout the banks; Will make it worse

*Higher taxes (says Obama); will make the great depression look like a cake walk.


Yeah.
I wish the government would abide by that theory, though.


Those are the same people that:

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by sparklingcyanide on 10-04-2008 7:14 am

Notice how China is doing absoulutley fine economically, despite the British and American economies grinding to a halt? My dad says he can remember in the 80's when he said that China would have this world by the balls, and it now has. Want my advice? Keep your money under your mattress and don't let anyone else play with it.
I know misery loves company, but why my company?

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Re: Economic crisis

by Nexus on 10-04-2008 10:50 am

forbidden0rules wrote: Is the economic in USA falling? The dollar exchange rate is decreasing slowly and prices are rising. I think that it won't be very critical if it comes, but it will be a hard hit to another countries!
The worlds economy is dropping because its the banks of the world that are being bought over.

You can blame Legislatures and Politicians for over-spending (buying too much), they have a budget but they keep spending and spending and spending. Apparently California's politicians have been doing this for a while, and our state Governor is trying to put a stop to it once and for all, but the others aren't listening. It's greedy selfish bastards who put the USA in this economic crisis, if we limit their spending entirely, then we can bounce back and the market will correct itself.
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