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Old 11-07-2012, 20:01   #21
czsmithGT
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Originally Posted by devildog2067 View Post

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.
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Old 11-07-2012, 20:04   #22
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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?
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Old 11-07-2012, 20:09   #23
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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.
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Old 11-07-2012, 20:14   #24
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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!
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Old 11-07-2012, 20:20   #25
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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.
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Old 11-07-2012, 20:37   #26
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There will only be a recession if the Republicans continue to dig their heels in. We have to raise taxes. The question is whose.
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Old 11-07-2012, 20:47   #27
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There will only be a recession if the Republicans continue to dig their heels in. We have to raise taxes. The question is whose.
wouldnt cutting spenditures be a lot more prudent?
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Old 11-07-2012, 20:51   #28
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There will only be a recession if the Republicans continue to dig their heels in. We have to raise taxes. The question is whose.
Well, since you support Obama, I hope you and the rest who do volunteer first.

Or, would you prefer theft from others first?
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Old 11-07-2012, 20:52   #29
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wouldnt cutting spenditures be a lot more prudent?
It will take both. One dollar of tax increases for ten dollars of spending cuts sounds reasonable to me.
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Old 11-07-2012, 20:52   #30
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Do you know what year the US stopped being the world's largest manufacturing country?
Never, but what does that have to do with the conversation. Sheesh!!
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Old 11-07-2012, 20:52   #31
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There will only be a recession if the Republicans continue to dig their heels in. We have to raise taxes. The question is whose.
Even if we raise taxes on every income in the country, we don't even begin to come close to fixing the economy. We have to cut spending. Raising taxes won't work.
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Old 11-07-2012, 21:00   #32
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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.
And alot of us will be walking around with a big smirk on our face - you elected him - you deserve it!!
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Old 11-07-2012, 21:03   #33
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Even if we raise taxes on every income in the country, we don't even begin to come close to fixing the economy. We have to cut spending. Raising taxes won't work.
this country spends a bit over 500 billion a year on national defense/security but over 700 billion a year on welfare (not counting social security or medicare). i see where 200 billion a year should be cut immediately.
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Old 11-07-2012, 21:43   #34
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O has 9 lives. Things will probably get better and he will benefit from it all.

Its already been said, hopefully the fools will get what they voted for.
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Old 11-07-2012, 21:45   #35
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Do you know what year the US stopped being the world's largest manufacturing country?
Trick question.
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Old 11-07-2012, 21:45   #36
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There will only be a recession if the Republicans continue to dig their heels in. We have to raise taxes. The question is whose.
Of course we all know it isn't YOUR taxes that will get raised.
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Old 11-07-2012, 21:50   #37
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There will only be a recession if the Republicans continue to dig their heels in. We have to raise taxes. The question is whose.
What will raising taxes do to prevent a recession or depression?
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Old 11-07-2012, 21:57   #38
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It's official. We are Europe.
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Old 11-07-2012, 23:44   #39
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Anybody who believes that an increase in taxes will be used to balance the budget hasn't been paying attention. It will all go to new spending.
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Old 11-07-2012, 23:56   #40
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It's official. We are Europe.
About damn time. Do we all get 6 weeks mandatory vacation now?
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