Originally posted by 3_Libras
Its people like LightningDarkness or whatever his name is that are the pit of a country thats in complete denial. Keep telling yourself that
everything is peachy. Do you learn anything from history? As a 6 year old, you assumed that the world was fine, and in capable hands because there was
no reason to assume that grown ups were malevolent. They have to be good right?
Theres a far bigger underlying problem to responses like that than just the economic aspect. Why do you convince yourself that people are smarter than
they actually are? We are a diseased species
That is a completely unfair assesment of what he is saying..
Economics has ALWAYS been divided in any time as to whether or not its "good" or "bad" .. essentially there will ALWAYS be someone on either side.
Even in a depression, the economy is perfect for some people, it opens opportunities. As it falls, opportunities, as it arises, opportunities. You
see pundants saying this, or that, but notice no one ever agrees on anything. And no one can predict how the economy will fair in the next few years.
IMO we are walking a tight-rope over a threshold of either recession or continued stability. Given the looks of the economy right now from a middle
class perspective, you could say things are not good, prices rising, inflation, job insecurity, mortgage issues. However, technically, GDP is rising,
spending increases albeit small but rising, people are getting wealthier and more jobs are being created (though I question what type of jobs)..
From the wealthy prospective the past few years have never been better, more millionaires then ever where created, the richer got richer, like they
A few years ago the Dems devoutly placed a big part of their parties stance on the economy, that it was bad and it was the Republicans fault.. then
the markets and the economy in a few years broke every record there was.. and people STILL said the economy was bad. Its always bad for someone.
I would also question how much control the government has over the economy, and why so many blame the government for economic problems. Aside from
suggesting rates rise, the government stance in the economy is pretty mute, the economy runs in cycles, and the businesses themselves increase the
revenues, payout the pay checks, hoard the money or invest in American economy.
From your comments, I don't think you ever honestly even tried to study cause and effect within the economy.
By the way:
Fed injects $20 billion
todayEU injects $500 billion today
Truly will be interesting to see where it all goes.
[edit on 12/19/2007 by Rockpuck]