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While the daily activities have only slightly slowed, I find that most people are thinking twice before purchasing big ticket items.
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I agree with Jose...seems that people are thinking twice, but it's hardly what I've seen in past "recessions." And depression? Give me a break! There's nobody selling pencils on the corner...
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are you implying that the press would creat a mini depression based on lack of confidence just to sell ads or manipulate world markets??? or better the election?
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<sarcasm>The press attempt to manipulate? No way...</sarcasm>
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I could have sworn that people who sway political interests were called lobbyist!!! Now they are referred to as 'press'??? And if they fall into financial hardship, will the government bail them out too???? At our expense!!! .... Sorry... couldn't resist!
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I think the press, lobbyist, ...are all just pawns of the power base. And for the last 8 years there has been quite a bit of "FEAR MANAGEMENT" deployed by way of the members of the power base precisely for the manipulation and aquisition of funds needed to enforce the wishes and directions of this political base.
The current finanicial panic is either a last ditch effort to scare everyone to vote for the existing power base, or....the preliminary effects of a political shift in power base which is already in motion and taking place as we speak.. Same thing happened in October 1999 (was it black Monday or Friday?) with Clinton having achieved so much in terms of balancing the defficit yet the stock market's floor dissappearing out from under us. Rememeber, every 4-8 years, 1 man, with all his staff, all his files, all his assets, moves out of the White House, and another (now man or woman) with all their staff, files, and assets, moves IN!! There is a total transfer of powers, yet the government stays in place. What we are seeing in my opinion are the initial knee-jerk reactions of an addicted group of "New Age Robber Barrons" that are now going through withdrawal symptons due to being blocked from any further doses of greedy unsupported growth. Once we get things back in balance, maybe we'll give them some surrogate instruments or economic drugs! |
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an all democrat government is balance? i kinda doubt that!
 The president, whatever political stripe, is just a leader, and like any leader, only leads based on the power he is granted by those he leads. real leaders also communicate a vision (direction goals steps) for in this case, the country...but back to economics. I think whoever gets elected will be limited in what they can do because of the economy. I am also surprised to see the element that triggered part of the panic - fuels prices - are down, but claimed now not to be the answer to solving peoples confidence issues.The bailout thing is a joke too - it doesnt hold the folks who caused the issues accountable for screwing up...and its throwing good public money into bad corporate investments. i thinkw e should vote out anyone who wanted to pass it. |
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Good comments...just a clarification, when I say "Power Base" I am not referring to one man or woman as President, nor to a political party. It would be naive in my opinion to assume that a LEADER moves the power base rather than the Power Base moving the Leader!
For the past 8 years we have been exchanging the STARS on the AMERICAN FLAG for CORPORATE LOGOS. It would be nice to think that a leader defends the stars which represent the sparks of our independence, and not the corporate and industry lobyist representing the Corporate LOGOS which have pillferred and left us in the situation we now find ourselves in. We NEED to become ENERGY INDEPENDENT!! OUR FUTURE DEPENDS ON THIS in terms of National Security, in terms of National Production and Jobs, and in terms of once again applying American Enginuity to Leading Edge technologies that change the world. We NEED to inject new life blood into our educational system to PRODUCE HIGH SKILLED & TALENTED LABOR that now we are left to SOURCE from the 3rd world. We need to reinvest in our infrastructure to ensure an efficient and safe environment that is friendly to our earth. Let's take care of OUR OWN ISSUES before trying to go out and FIX THE WORLD! |
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A few thoughts...
"For the past 8 years we have been exchanging the STARS on the AMERICAN FLAG for CORPORATE LOGOS." It's been a hell of a lot longer than that! Political interests being beholden to corporate interests is nothing new and neither party has a monopoly on it. The only difference between the two parties is WHO they are beholden to, not HOW. I agree that we need a lot of the changes you speak of, Fermin. My quarrel is how we go about getting it. I, for one, do not look to government to do it. The first reason is my paragraph above. That is, if we involve political interests, a lot of result will then be political instead of pratical. The second reason is that these are not the provence of government, anyway. I don't look to the government to do anything (like that) for me, it's not their job! We, the people, need to take care of these responsibilities. It is, at the very least, what Jefferson intended. Beyond that, it is local politics at it's best. Why should I need or want to look to Washington to do something that I can and should be empowered to do for myself. 2.5 cents... |
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Matt...I agree...we ought to put you on NBR...oops! There's already a Kangas there!! Hope all is well with you! Hopefully we'll figure out a way to free up innovation and american enginuity and concentrate our forces in the critical strategic direction we need to take as a nation. It makes me sick everytime I see the grotesque amounts of money being burned in Abu Dhabi and by other Arab Interest ....going against the better senses...recreating "the world" by artificially grabbing from nature, spending billions and billions ...while their brothers and sisters live in the mud. Seeing how idealist who still discuss the beauty of Marx and Lennin...now do so in the Highest of Luxury Cafe's in companionship with all the other "American Bashers" which of course have fed their economic engines with our sweat and blood. One thing I think we can all agree on is..which ever way the election goes...its still better than what we've got right now. It's up to us as you say to make something of it! |
Is it just me & my wife? We've recently been observing the herd behavior while visiting our normal watering holes...(Starbucks, Subways, Supermarkets, Restaurants..etc.) and are asking ourselves... "What recession..depression?" Business is normal as usual. The only area that seems to be lighter is at the major malls, but even the Apple Store is as packed as always.
Has your local economic circles been hit by the current recession? (17 votes) This poll will end in 1 week