The economy is in far worse shape than the average person realizes [Archive] - Glock Talk

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cowboy1964
10-01-2012, 09:29
Even with all the propping up they are doing via the tax cuts and spending we are still only managing 1.x% growth. If even the Social Security temporary cut expires in January (and it will) that is going to knock off .6% right there. We WILL be back in recession next year.

At this point I actually hope Obama wins. Maybe a depression will actually wake people up.

aircarver
10-01-2012, 10:26
The 'average person' is so numb between the ears, that they won't realize there's a problem until everything comes crashing down around their ears ....

I just don't want them taking me with them .... :upeyes:

.

alwaysshootin
10-01-2012, 10:39
At this point I actually hope Obama wins. Maybe a depression will actually wake people up.

I could care less who wins the presidency. Just hope the senate is taken over by republicans. Let the impeachment procedures begin! It won't take long to put obama in his place. Prison!

rj1939
10-01-2012, 10:39
The gubment is going to skip the Oct shipment of food to our local food pantries (as reported by our local paper)

That could make things start happening.

However, Moo-chele has the new school lunch program keeping kids hungry........so maybe they will be "conditioned" enough to not notice.

Skyhook
10-01-2012, 11:30
Even with all the propping up they are doing via the tax cuts and spending we are still only managing 1.x% growth. If even the Social Security temporary cut expires in January (and it will) that is going to knock off .6% right there. We WILL be back in recession next year.

At this point I actually hope Obama wins. Maybe a depression will actually wake people up.


No, no, NO! Let's not take our eyes off the Supreme Court assignments.. pray, let us never do that. The economy may recover in ,say, five or ten years---- but think of the damage a couple more LIEbral judges would bring. OMG!:faint:

Chronos
10-01-2012, 20:28
The more you understand the economy, the more you understand just how irrelevant the question of "Obama vs. Romney" truly is.

Another metaphor:

If you're expecting a 20 ft. tsunami to slam into your housing complex, entering into a sustained debate over the merits of "one layer of sandbags on the ground vs. two" becomes incredibly counter-productive. Sure, the "two-sandbag guy" is technically a bit closer to the truth (twice as close!), but the time you personally spend giving credibility to that discussion can only hurt people -- it benefits exactly no one.

GAFinch
10-01-2012, 21:08
I've been trying to warn people I know so they can at least make some basic preparations, but I'm not aware of anyone taking me seriously yet...people just can't handle the idea.

A recession here will hit at about the same time as in the EU, likely triggering a global depression. There's a chance that a Romney win, particularly combined with a Senate takeover, could spark enough consumer/business/investor confidence to keep us out of a recession/depression, though I'd certainly make the odds 50% or less. 100% chance if the Marxist gets re-elected. Who wins the election will determine who's in charge of the Fed and, more importantly, whether unsustainable socialist spending or capitalism itself gets blamed.