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Originally posted by wantsome
The economy didn't just suddenly die 2 years ago. My area went to hell 8 years ago. Around 2004 jobs started a mass exodus from my state. Now theirs hardly anything left other then retail or other bs jobs. I live in a area that relies on the automotive industry. Usually when the economy gets bad the auto industry is one of the first hit.
People are cutting and changing their spending habbits. Certain things people are cutting out of their budgets. I keep aquariums and have been in the hobby for years. It's kinda a niche hobby and a lot of people are dropping out of it. I noticed in some of the more well off areas of the state the aquarium stores are going strong but in other areas not so much. People are being more frugal of where and how they spend their money.edit on 2-12-2012 by wantsome because: (no reason given)
Originally posted by proximo
It's not wallowing in depression to look at the facts. They are not pretty. Nothing has been done to fix what happened in 2008. The banks are still incredibly unstable and can easily bring the economy down. They are leveraged at insane ratios of 30 to 1 and more. The derivatives outstanding have increased. The federal government is now 5 trillion more in debt and has the fed buying 75% of all the debt it issues because no one else wants it. That means soon there will be no more ability to run a deficit - when that happens POOF 15% of our GDP goes bye bye. None of the stimulus has done anything to spur the economy.
Economic power is based on what a population produces in goods and services and materials. The amount of currency that represents that production is meaningless, its overall value is based on that production and the ability for that production to be taxed.
This country is less productive today than it was five years ago, and there is no reason to think that is going to change anytime soon. Manufacturing can be done cheaper elsewhere, those jobs aren't coming back. Our education system is deteriorating, and other countries systems are improving. This means our share of future innovation is going to be less. Then there is the ever increasing dependence on government handouts, and our aging population.
I can't see a single reason to be optimistic.
Originally posted by ThirdEyeofHorus
reply to post by Jeremiah65
I was reading all the posts, then I came to yours. You are doing ok so you think everyone elseshould be doing fine too. That is exactly how the out of touch politicians think because they have so much money they can't imagine that anyone should be angry at being sold out for 30 pieces of silver.
The economy is NOT going to get better for MOST people. Even if you raise taxes on the wealthy, the poor will suffer more. The POTUS and the rest of the NWO controllers are deliberately ruining the economy of the US so that we will have to accept the terms of the NWO Totalitarian rules they are setting in place even as we speak.
Read Glenn Beck's book "UN Agenda 21" for a preview of what is to come if we allow this stuff to go on. although it is fiction, I think it is almost more of a prediction based on the probablitilies of where Agenda 21 policies are going.
Agenda 21 is one of theeee most Draconian things EVER and completely ECLIPSES NDAA, Patriot Act or TSA Enhanced GROPING.
The NWO Will control our energy intake, our water, and yes probably how much toilet paper we get, how much food we can consume.
You'd best wake up and listen to your fellow ATSrs because a lot of people here can feel and see what is happening on many levels.
If you want to cheerlead the POTUS, fine that's up to you, but I will never support him or those behind him.
The economy is going over the cliff unless we make them STOP what they are doing.
Republicans included. I am disgusted that RINOS in power are caving to this bs budget stuff. THe POTUS budget proposal is nothing less than national suicide.
Originally posted by Dukesy
reply to post by RocksFromSpace
Well no worries. I read this morning that Obama has asked for another 50 billion in US - don't know for what - but I am sure involves giving people more money to spend without working.
For the life of me I do not understand how the people of America cannot figure this out. Bringing back jobs is only thing that is going make the economy stable again - period. I don't care if they have force corporations into returning to America or not - it has to be done to save it's own ass.
It is that simple - but evidently the great unifier can't see that or figure that out while he is in the air enjoying himself.
Originally posted by Starchildren
It is REALLY bad when Walmart in my town has had to lay off employees around end of November, when this is usually the time they hire people for the holidays.
My husband works for a grocer and says they only get the heaviest business at beginning of month when benefits go out, and the rest of the month is very slow.
This is worrisome.
Originally posted by proximo
reply to post by Thepump
Well maybe your theory would be correct if the economy was really only about peoples confidence. It is somewhat, but no amount of confidence is going to make 16 trillion in debt disappear. It isn't going to make manufacturing jobs come back from overseas.
My attitude has nothing to do with the math that says entitlements must be cut because they already exceed tax income and are growing at a high rate. My attitude does not change the simple fact people stop loaning money when they know they aren't going to get paid back.
Look if you want to be in denial fine, just don't say you weren't warned.
November 20, 2012—
September U.S. manufacturing technology orders totaled $667.47 million according to the Association for Manufacturing Technology (AMT). This total, as reported by companies participating in the USMTO program, was up 40.7% from August and up 13.4% when compared with the total of $588.80 million reported for September 2011. With a year-to-date total of $4,282.11 million, 2012 is up 5.6% compared with 2011.
The monthly Cincinnati Purchasing Management Index improved in November to 54, up from 49 in October.
A reading above 50 indicates expansion in the region’s manufacturing economy. But the composite index, which is based on a survey of local businesses, has been up and down all year.
Subindexes for new orders, order backlogs and production all returned to positive territory in November after falling sharply in October. The employment and dollars-spent-by-purchasing subindexes slipped, but they remained positive.