Recession, Energy Worries Turn Americans Gloomier, Poll Finds
8 December 2007, 17:38
Confidence in the economy continues to erode! WOW! Makes me think about when I was little and I didn’t get what I wanted. On occasion the seemingly endless supply of toys and fun stuff would dry up. Then I would feel bad!
However, although the resulting effect seems to be the same, my parents didn’t steal the money from my inheritance to pay for the fun stuff as the leaders in Washington have so skillfully and systematically done. Over the years our leaders have borrowed more and more from the future to pay for the good life now. They even created a different retirement plan for themselves. Ever hear about that one running out of money?
About the “last straw” is the creation of the housing boom. What a scam! Starting with the realtors for which incidentally, “has to do with is reality” and in the face of abundant credit, did what ever they had to do to “SELL” people homes. As you can probably already tell, I have no respect for that out dated work. Next, a fraudulent system passed the money along and presto, the poor sucker was immediately “on the hook” for 30 years of payments. Meanwhile the realtors, appraisers, fat bankers, developers, land speculators, got their money immediately. Again, money that the poor slob at the end of the chain would have to pay back over his life time. Now it is over, the fat cats have spent their money, are feel bad and the economy is languishing.
The only way out of this mess is that the Federal Reserve will promote inflation. By doing so, the cost of the original debt will be written down. Well, that old scheme doesn’t seem to be working either.
It looks to me like there is going to be quite a dry spell where the seemingly endless supply of toys is going to go away for a while and people are going to feel about as badly as they have ever felt (perhaps, even since 1929).
Confidence in the economy continues to erode! WOW! Makes me think about when I was little and I didn’t get what I wanted. On occasion the seemingly endless supply of toys and fun stuff would dry up. Then I would feel bad!
However, although the resulting effect seems to be the same, my parents didn’t steal the money from my inheritance to pay for the fun stuff as the leaders in Washington have so skillfully and systematically done. Over the years our leaders have borrowed more and more from the future to pay for the good life now. They even created a different retirement plan for themselves. Ever hear about that one running out of money?
About the “last straw” is the creation of the housing boom. What a scam! Starting with the realtors for which incidentally, “has to do with is reality” and in the face of abundant credit, did what ever they had to do to “SELL” people homes. As you can probably already tell, I have no respect for that out dated work. Next, a fraudulent system passed the money along and presto, the poor sucker was immediately “on the hook” for 30 years of payments. Meanwhile the realtors, appraisers, fat bankers, developers, land speculators, got their money immediately. Again, money that the poor slob at the end of the chain would have to pay back over his life time. Now it is over, the fat cats have spent their money, are feel bad and the economy is languishing.
The only way out of this mess is that the Federal Reserve will promote inflation. By doing so, the cost of the original debt will be written down. Well, that old scheme doesn’t seem to be working either.
It looks to me like there is going to be quite a dry spell where the seemingly endless supply of toys is going to go away for a while and people are going to feel about as badly as they have ever felt (perhaps, even since 1929).