JohnG@lt wrote:
AussieReaper wrote:
JohnG@lt wrote:
If you haven't noticed, the recession is essentially over and we've had growth for the past six months. The economy had a hiccup, it did not fall off a cliff. It's normal.
Doesn't mean shit while your still amassing debt.
The debt is absolutely an issue but it's not nearly as debilitating (at this point) as what some other countries have racked up on a per capita basis.
Aussie is right. The Fed is re-inflating the economy. Bernanke is blowing wall streeters so hard that he must have blisters on his lips. He's on his knees hoping for a bukkake that's not coming. If you stand back and look at what the Fed is doing... the best case scenerio is stagflation.
We are amassing debt and our ability to stem a crisis like Egypt has been severely crippled. Like many families, the nation is only one or two crises away from the next leg down. Here look at this graph
Yup that's a real recovery... just a blip... or are these people just a little speed bump for your Beemer as you drive to your job as a Goldman Sachs PR douche.
Anyway the point is that with all this domestic spending, the war spending, handing money out to the people who caused the financial problem, there's not much left to handle this new middle east crisis. The middle class is the only real tax payer in the country, the rest are either on some sort of welfare, food stamp or unemployment and the rich and the corporations who benefit most from our military presence abroad are hiding their cash and profits off shore and not paying tax to support military spending and support from these "friendly" regimes. The only people left to foot the bills are the ever shrinking middle class. Hate to burst your NY bubble but what you write about really doesn't jive with reality and we can only print so much money.
Just like the USSR couldn't afford to hold onto the eastern block countries, the weak US economy is really hurting US influence in the region. We are screwed... people just don't want to realize it and Congress won't act until it becomes a real crisis for us. So stick that in your tea party pipe and light it and tell me if you think it still smells rosy.
And today I watched as the news channels have started to get their rhetoric down regarding the rise of this Islamic movement disguised as democracy as actually being a potential threat to the US. Its a simple lesson in democracy, just because its democratic doesn't mean the result is going to be friendly or beneficial for you... just ask the illegals in Arizona.