I found this while searching google, and it looks interesting...
http://www.lilithgallery.com/articles/2 … lapse.html
http://www.lilithgallery.com/articles/2 … lapse.html
Hmm, their key point seems to be that China now has the largest economy. But China's economy isn't bigger yet. Give it another 20 years or so. http://news.bbc.co.uk/1/hi/business/4998020.stm
It'll be ok if they get a proper president who understands economics next time round. Bush is doing a great job of running the US economy into the ground though.
A lot of Americans, including Bush, seem to think the US economy is indestructible - it isn't, it's quite robust though and can take quite a beating, which it has been doing the whole time Bush has been in office.
A lot of Americans, including Bush, seem to think the US economy is indestructible - it isn't, it's quite robust though and can take quite a beating, which it has been doing the whole time Bush has been in office.
thats what i was thinking. wtf does bush failing economics class and doing cocaine have anything to do with the future of our economy (and the world economy pretty much) cmon....lolUnOriginalNuttah wrote:
Hmm, their key point seems to be that China now has the largest economy. But China's economy isn't bigger yet. Give it another 20 years or so. http://news.bbc.co.uk/1/hi/business/4998020.stm
meh.....
Just the normal flow of the world, all empires that rise to power, have to fall sometime... Not really surprising....
Just the normal flow of the world, all empires that rise to power, have to fall sometime... Not really surprising....
True, it's not bigger yet. Predictions for these sort of things are almost invaribly wrong, because there are too many unpredictable factors, but China are catching up, their economy is growing at about triple the rate of the US economy.UnOriginalNuttah wrote:
Hmm, their key point seems to be that China now has the largest economy. But China's economy isn't bigger yet. Give it another 20 years or so. http://news.bbc.co.uk/1/hi/business/4998020.stm
The fact that Bush failled economics class is easy to see through his fiscal policy, which is rubbish. It is very likely that the US will get a better president in a few years who will resolve this. It is well within the American governments power to avoid any serious negative consequences to the US economy and avoid a depression, but they have to actually do something about it, reduce spending or increase taxes.GunSlinger OIF II wrote:
wtf does bush failing economics class and doing cocaine have anything to do with the future of our economy (and the world economy pretty much) cmon....lol
China will overtake the US at some point in the future, it is almost certain, but not for a while.
From looking at figures like these it's pretty obvious China are going to be the dominant power in any future manufacturing, Chinas exports will soar and China will get very rich and powerfull. Quite a scary prospect if you ask me. China is also overtaking the US on consumption of many things.
Last edited by Bertster7 (2006-10-04 08:15:02)
That's a load of Chineese propaganda. Wow. A lot of those reasons were total BS. "The U.S. sold of it's oil reserves in 2002...." Umm....NO. That's just one example.
People are mindless morons.
People are mindless morons.
That's obviously an unbiased source.source wrote:
George W. Bush failed Economics 101. He was too busy snorting cocaine when he was at Yale.
Yeah, a lot of it is full of shit. But some of the reasons given are valid, the overall message is correct(ish), just sensationalised. Left the way it is the US economy is headed for serious problems, but with a bit of tweaking it'll be fine (especially without Bush fucking it up and he won't be there forever).=MCHD= arush5268d wrote:
That's a load of Chineese propaganda. Wow. A lot of those reasons were total BS. "The U.S. sold of it's oil reserves in 2002...." Umm....NO. That's just one example.
People are mindless morons.
Reasons; 4, 6, 7 (I think, global warming has had little effect on US temperatures, against the global average), 12, 14, 20, 21 (again, not sure on this one, but suspect it's relevance has been overplayed) and 22 all seem very dubious to me. Some of the remedies look like good things to do, apart from 4 (alternative energy, fine - but hydrogen fuel cells, hmmm), 6 (learn Chinese, I doubt it will make a difference) and 8 (credit caps) which are bullshit - how will stopping extravagant consumerism help the US economy?
Right, right... the economy is crap... didn't the Dow Jones just close at a record high? Weren't home sales recently at an unprecedented high? And the cost of homes is rising, yet more people are getting homes?
Yeah we're really in the crapper now.
OK, I work Monday thru Friday every week. Like most others, I don't have all the things I WANT, but my NEEDS are taken care of and there's usually some left over so I can afford my upgrades to keep on top of my gaming addiction. Open your eyes people, our lives are pretty good right now.
Yeah we're really in the crapper now.
OK, I work Monday thru Friday every week. Like most others, I don't have all the things I WANT, but my NEEDS are taken care of and there's usually some left over so I can afford my upgrades to keep on top of my gaming addiction. Open your eyes people, our lives are pretty good right now.
we are too important to china.
That's the attitude of complacency that will fuck the US over. The economy IS in trouble. The DOW is up, true - up by 0.40%. But when you consider the worst growth for a European index is the FTSE which is up 0.50%, some Euro indexes are up by as much as 1.23% - the DOW has not been keeping pace with other markets.silo1180 wrote:
Right, right... the economy is crap... didn't the Dow Jones just close at a record high? Weren't home sales recently at an unprecedented high? And the cost of homes is rising, yet more people are getting homes?
The US economy is extremely strong and can easily be fixed, just don't arrogantly assume everything is ok and leave it too late.
On Tuesday, the Dow set new closing and trading highs, wiping out records that had stood since Jan. 14, 2000. Unemployment at 4.7 , yea it's really going into the ground..lolBertster7 wrote:
It'll be ok if they get a proper president who understands economics next time round. Bush is doing a great job of running the US economy into the ground though.
Keep the Bush bashing to what you know.
Xbone Stormsurgezz
Yeah, that's a very reliable source. A gothic Canadian based art website. What a load of BS. Please.
http://invadecanada.us/ImposedThreat wrote:
Yeah, that's a very reliable source. A gothic Canadian based art website. What a load of BS. Please.
Xbone Stormsurgezz
As I have pointed out, it's not just the DOW at all time highs. Other indexes have significantly outperformed it. All indexes in Europe have grown by more than the DOW. It has not kept pace with the market.Kmarion wrote:
On Tuesday, the Dow set new closing and trading highs, wiping out records that had stood since Jan. 14, 2000. Unemployment at 4.7 , yea it's really going into the ground..lolBertster7 wrote:
It'll be ok if they get a proper president who understands economics next time round. Bush is doing a great job of running the US economy into the ground though.
Keep the Bush bashing to what you know.
The DOW has gone up. But everything else has gone up more.
US unemployment isn't as great as you seem to think, according to the U.S. Department of Labor unemployment was lower before Bush came to power (although 9/11 does mess things up for Bush a bit).
Bush's budget deficits are the highest ever recorded by any nation in history. Whereas when the Clinton administration was headed for deficits, reactive changes to fiscal policy were made which created surpluses, which lasted throughout his administration. Bush has broken his own records for budget deficits as well and has had the worst balanced budget of any president ever.
Last edited by Bertster7 (2006-10-04 10:18:58)
actually home sales have been down for the past 4 months...at least according to forbes or buisnessweek...and the price of a home is dropping because more and more people are going into foreclosure because of some of the creative finaincing that isnt working (intrest only loans come to mind) As for the stock market...i have no clue so i wont even comment.silo1180 wrote:
Right, right... the economy is crap... didn't the Dow Jones just close at a record high? Weren't home sales recently at an unprecedented high? And the cost of homes is rising, yet more people are getting homes?
Yeah we're really in the crapper now.
OK, I work Monday thru Friday every week. Like most others, I don't have all the things I WANT, but my NEEDS are taken care of and there's usually some left over so I can afford my upgrades to keep on top of my gaming addiction. Open your eyes people, our lives are pretty good right now.
And for people like me who live in Los Angeles, All the formerly decent areas for us up and coming 20 somethings have evaporated due to the LARGE influx of illegal residents willing to pay out the ass to live in shitty areas. I know that sounds fucked up but um...ive lived in La my whole life minus my time in the service and ive seen it change a lot. Its kinda funny actually to see how the demographics have changed. but thats all besides the point. I just think things are worse now in general than before so i gotta disagree with the poster before me. And where the fuck did labor unions go? The only ones left are in the damned film industry it seems.
Unemployment is at or around 4.7 percent. A "Full-employment unemployment rate" between 4 to 6.4% pretty much means anyone who wants to work has a chance.Bertster7 wrote:
The DOW has gone up. But everything else has gone up more.
US unemployment isn't as great as you seem to think, according to the U.S. Department of Labor unemployment was lower before Bush came to power (although 9/11 does mess things up for Bush a bit).
Xbone Stormsurgezz
LOL, Canadian bashing. Yes, let's invade them and when we leave home they will already have their white flags waving.Kmarion wrote:
http://invadecanada.us/ImposedThreat wrote:
Yeah, that's a very reliable source. A gothic Canadian based art website. What a load of BS. Please.
Wow. Someone posted something on the internet. It must be true.
Rising stocks, falling gas prices, low tax rates and the Goldilocks economy are powerful pluses for election-year Republicans. With so many indicators leaning positive, the Democrats aren't even talking about the economy anymore.
Xbone Stormsurgezz
I'm sure I've seen you post that somewhere else.Kmarion wrote:
Unemployment is at or around 4.7 percent. A "Full-employment unemployment rate" between 4 to 6.4% pretty much means anyone who wants to work has a chance.Bertster7 wrote:
The DOW has gone up. But everything else has gone up more.
US unemployment isn't as great as you seem to think, according to the U.S. Department of Labor unemployment was lower before Bush came to power (although 9/11 does mess things up for Bush a bit).
There isn't a problem with unemployment, but you seem to think Bush has done wonderfull things for unemployment, which the data doesn't seem to agree with.
The big problem that needs to be addressed is the budget deficit, which is piling on to national debt. Bush has had multiple record deficits and has not done anything about it. When Clinton realised the US was headed for a deficit in '93 he made budget changes which led to record surpluses. Nothing to do with the state of the economy he inherited (which was quite healthy, because of the collapse of the Soviet Union).
Bush's administration heralded the end of the longest period of economic growth in US history. It's not Bush bashing, it's just the economic facts.
yet the recession began before the 2000 primaries had even been decided, besides, it's not that hard to save money, clinton just chose to not spend any and hand out pink slips instead of paychecks, leaving our military and intel communities in one of it's most vulnerable states in recent history, talk to a few federal employees of the time, especially career military, and see how their career looked at the time, the only thing the bush administration heralded were saves from a series of recessions and economic blows
US debt: http://www.brillig.com/debt_clock/Kmarion wrote:
On Tuesday, the Dow set new closing and trading highs, wiping out records that had stood since Jan. 14, 2000. Unemployment at 4.7 , yea it's really going into the ground..lolBertster7 wrote:
It'll be ok if they get a proper president who understands economics next time round. Bush is doing a great job of running the US economy into the ground though.
Keep the Bush bashing to what you know.
If the military was in such bad shape, how did we ever manage to go to war? Please don't try to tell me Bush did it in two years time. Show me a federal agency that is not bloated full of people that do little or nothing. I have several relatives that work in DC and it sickens me to see the BS that goes on. So maybe some of those who got pink slips actuall deserved them. Did ya ever think of that? Speaking of cutting, have you looked at the areas Bush has cut. The money spent for "No child left behind" left more children behind than before it's initiation. So yes, his failing economics does shed light on his poor fiscal policy.kr@cker wrote:
yet the recession began before the 2000 primaries had even been decided, besides, it's not that hard to save money, clinton just chose to not spend any and hand out pink slips instead of paychecks, leaving our military and intel communities in one of it's most vulnerable states in recent history, talk to a few federal employees of the time, especially career military, and see how their career looked at the time, the only thing the bush administration heralded were saves from a series of recessions and economic blows
Last edited by GATOR591957 (2006-10-04 11:33:32)