[Flying-Dutchman]

Some talking heads on the business channels say a recession is guaranteed.

Business people are saying Obama has 3 days to assure the markets.

His can do one of 2 things:

Preserve his legacy by saving the economy

or

Fundamentally transform the United States of America.

[Restless28]

The majority spoke yesterday. They support taking us all over the edge of the cliff.

[aircarver]

Originally Posted by Restless28

The majority spoke yesterday. They support taking us all over the edge of the cliff.

& now, no one will be trying to stop it ...

.

[unit1069]

Yes, in my opinion a double-dip recession --- and possibly a depression --- is unavoidable. Employers can no longer keep full-time employees with CareBarry forcing crippling healthcare costs onto their balance sheets.

Defense industries who were cowed into violating US law by Team Obama will in the next couple of week announce the tens of thousands of layoffs starting in 2013, announcements that by law were due last month.

Where are the funds going to come from to support all those newly laid off workers while simultaneously paying for all the welfare checks and free cellphones for America's Dependent Class? We're facing massive Social Security, Medicare, and entitlement shortfalls with no viable solutions and an unaccountable Marxist president who visions himself a transformational historical figure who has shown his determination to let America sink rather than compromise one whit.

I'm shorting the market on the first decent bounce, since it was already too late for me to do so this morning. The stock and bond markets are going to crash, and I'm glad I went to cash about three weeks ago, fearing just this election outcome.

[DanaT]

Originally Posted by Restless28

The majority spoke yesterday. They support taking us all over the edge of the cliff.

Have you ever had to call your wife and tell her there is a 30% chance that the family will be moving to another country right after Xmas?

My day is not going so well. And I thought jury duty was bad....

[nursetim]

I don't know but my depression started last night. Although, if Romney had won, it would have been just postponing the inevitable. HWSNBN will lead the US to the end quicker.

[arclight610]

A new era of prosperity is here now that Obama has rightfully secured his place.

[JackMac]

going down the drain. After 26 years in business, I am closing shop before the end of the year. Just don't have it in me to do it before Christmas....thinking about my employees. Well at least they can apply for unemployment come January. Thank you very much Mr. President. Thank you.

[arclight610]

Originally Posted by JackMac

going down the drain. After 26 years in business, I am closing shop before the end of the year. Just don't have it in me to do it before Christmas....thinking about my employees. Well at least they can apply for unemployment come January. Thank you very much Mr. President. Thank you.

What is your business?

[svtpwnz]

Originally Posted by arclight610

What is your business?

+1 I hope you don't close your business just because of the election turnout. We own a business also and have made changes to how we operate. We didn't replace a few FT employees that left and hired part time folks to fill in where needed.

We have no plans of closing the doors but certainly had to make changes to slim down payroll and operating costs. We were planing on replacing several vehicles and now that and a few other purchases are not going to happen anytime soon.

I wish you the best on your buisness and hope you decide to stay in the game.

[Mrs.Cicero]

WTH? We've been in a recession for years. We're heading for a depression. No, a Depression, the likes of which we haven't seen since 1929. Take your rose-colored glasses off, people.

[Dennis in MA]

Originally Posted by Flying-Dutchman

Some talking heads on the business channels say something to get me to keep watching through the next commercial break.

Business people are saying more stuff that continues to get me to watch their crummy ads. Curse them!

More blathering to get me to another commercial break. . .

I feel better correcting that post.

[MtBaldy]

Originally Posted by Mrs.Cicero

WTH? We've been in a recession for years. We're heading for a depression. No, a Depression, the likes of which we haven't seen since 1929. Take your rose-colored glasses off, people.

This.

Ain't going to be no recession folks, we're headed for full on "where's my next meal coming from" depression. Think Argentina after 2001:

http://www.peakprosperity.com/blog/a...ollapses/59179

[Dennis in MA]

BTW - And some of you vote.

[michael_b]

Originally Posted by Mrs.Cicero

WTH? We've been in a recession for years. We're heading for a depression. No, a Depression, the likes of which we haven't seen since 1929. Take your rose-colored glasses off, people.

Technically since 2000, We never pulled out of it.

[Dennis in MA]

Originally Posted by michael_b

Technically since 2000, We never pulled out of it.

We pulled out. Recession is a very specifically defined term. But we've never gotten past the economic high (albeit artificial) we hit in 2000.

[curlysir]

Originally Posted by unit1069

Defense industries who were cowed into violating US law by Team Obama will in the next couple of week announce the tens of thousands of layoffs starting in 2013, announcements that by law were due last month.

Already started: http://news.yahoo.com/exclusive-boei...4--sector.html

[Zombie Surgeon]

Recession? No.
Depression yes.

[camelotkid]

Originally Posted by michael_b

Technically since 2000, We never pulled out of it.

well technically that recession ended we just have yet to fully recover from it. But honestly I think we are on an upward swing and it would not have mattered who won the election.


Furthermore if any of you that are predicting a double dip are the same ones who were predicting a Romney win you obviously are not good at predicting so just sit down and be quite.

[devildog2067]

Originally Posted by MtBaldy

Ain't going to be no recession folks, we're headed for full on "where's my next meal coming from" depression. Think Argentina after 2001:

It's not going to be anything like Argentina.

You know the saying "if you owe the bank a thousand dollars, you have a problem... if you owe the bank a billion dollars, the bank has a problem"?

Argentina defaulted on $132 billion of sovereign debt. We have 100x that much outstanding.

Our decline is going to take much longer, go much slower, and we're not going to bounce back from it in ten years the way Argentina did.

[czsmithGT]

Originally Posted by devildog2067

Our decline is going to take much longer, go much slower, and we're not going to bounce back from it in ten years the way Argentina did.

Agreed but our decline did start quite a while ago.

[devildog2067]

Originally Posted by czsmithGT

Agreed but our decline did start quite a while ago.

Do you know what year the US stopped being the world's largest manufacturing country?

[unit1069]

Originally Posted by curlysir

Already started: http://news.yahoo.com/exclusive-boei...4--sector.html

Yep, the day after Obama's re-election defense industry giants and suppliers are starting to give America the bad news the Obama Media refused to report.

This is just the tip of the iceberg.

[Patchman]

Originally Posted by Dennis in MA

We pulled out. Recession is a very specifically defined term. But we've never gotten past the economic high (albeit artificial) we hit in 2000.

^^^^ Unfortunately, this.

If you look at the DJIA, it first hit 10,000 in 1996 or 1997. Since that time, how many time have we hit 10,000 again and again? Where are we now, somewhere around 12,000?

Whoppie-do!

[Restless28]

Originally Posted by unit1069

Yep, the day after Obama's re-election defense industry giants and suppliers are starting to give America the bad news the Obama Media refused to report.

This is just the tip of the iceberg.

The American people have spoken.

They are going to reap what they have sown.