I feel no hope, but a huge depression coming.
Posted By: Better get seatbelted because on 2008-11-09
In Reply to: Thank God Obama won! - Mrs. M
it is going to be a long, crazy, up and down, scary ride. I do not see any hope, but failure for this country. Will NEVER be the same. You all who wanted change are going to get it. I am not sure what change the O keeps talking about, but it does not sound good to me at all. I want to have hope, but I cannot stand who the O picked for Chief of Staff. Hiliary Clinton stated yesterday, IN HER OWN WORDS, were not good about him at all. The only vocabulary that he has coming out of his mouth is 4-letter words. He is nothing but a JERK. So I guess that means we all can act like Rahm Emanuel and maybe we all can get somewhere in life? I do not think so, but that is who the O picked. I guess I should read DickMorris' book when he worked with President Clinton and Rhambo who is not very trusthworthy individual. It seems to me is psycho. Starting to stock up on paper products, toilet paper, paper towels and even tampons since paper products were hard to find during the depression. If the car companies do not get bailed out, look out country. I do have mixed feelings about bailing out car companies though. I wish we could, but then it will be bailing them out for the next 2 years and then next in line will be airline companies. WE DO NOT HAVE THE MONEY TO DO THIS.
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- Thank God Obama won! - Mrs. M
- I feel no hope, but a huge depression coming. - Better get seatbelted because
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Yes, I think there is a depression coming if it isn't already here. sm
I live in Michigan, on the west side of the state, but nonetheless in Michigan. We are so tied up in the auto industry that if the Big 3 crash and burn, Michigan may well just cease to exist. We have had 3 auto parts plants close down, Steelcase and Herman Miller are cutting jobs, because people are not hiring, so why make all that office furniture. There is nothing incoming to help take up the slack. Then, I heard on the news this morning that the city of Detroit has now appealed to the feds for help to bail it out. Detroit IS big 3 auto country. If Detroit tanks, so goes the rest of the state. Kwame Kilpatrick fallout not withstanding.
I like to think that as long as people get sick, I will have a job because I do acute care. And we all know that there are people who use the ED as a PCP. Hopefully my doctor in AZ can help me out, but he is a specialist, so who knows.
My 403(b) has lost half of what it used to be, and then I hear that they have suspended the sales of MRE's. But I think that is just over-excitable hype.
However....I have a feeling that the "Great Depression" 2008 style is coming. I don't think the "End Times" is coming, but something has to give or the United States of America will become another third world country.
I feel a kumbaya coming on....
nm
Hope you feel better soon
colds are the pits.
I hope you feel better later in the day. s/m
What I've been trying to say all along is there isn't a nickle's worth of difference in the 2 parties Both are corrupt. I don't think (not to get that started again) the Obama B/C is a real issue. I think it was started by (whomever) to defocus the attention from the REAL issues and what is going on in our government. Oh yeah, Obama talks a great talk but I expect he will walk the walk he is TOLD to walk. I don't know who or what but I think our country was taken over by absolute EVIL in about 1963. It is plenty hard to fight evil when you know the source but when the source is unknown, then you can talk "scary."
I sure hope you are right because I sure do not feel safe. sm
Have you heard this one?
The 19 little Arabs who hated our freedoms and got by NORAD.
I hope you feel better soon, Marmann.nm
I hope that makes you feel better
Now why don't you just let it go?
Huge, HUGE difference.
I'd be saving a lot of money. 
Actually, it might very likely to into depression anyway,
is not so all-powerful that they can put the brakes on something that has taken on a life of its own. Unless the cogs that drive this economy are retooled (and that would mean the way banks operate, loans are made, homes are bought and sold, and priced, stocks are valued and invested in, yet), American workers/investors are going to come up with more realistic and less-speculative ways to make their money work for THEM, and not just some rich guy sitting on his 40-foot yacht.
If a depression is what you want...YES.
Obama is your man.
Oh, no ...DEPRESSION is exactly what we are
nm
I believe we will go into a depression
regardless of which idea they go with. I really don't think there is anyway out of this.
You know what really bugs me....and this is kind along the lines of the topic of equal pay........
If a caucasian male is making more money for doing the same job as an african american, by law the african american has the right to sue for legal pay. I'm cool with that. If you do the same job and think you deserve the same pay....more power to you. If an african american is making more money for doing the same job as a caucasian, the caucasian has no legal rights to sue for equal pay. I'm sorry, but that doesn't sound equal to me.
and came in with a huge surplus!
Huge mistake
I have been banned from this board a long time, and finally they let me back in. There is a post from this Nan person, a cartoon justifying it as filbustering T. Kennedy; when in essence it makes a mockery out of thousands of Americans, and even more Iraq's lives lost. I did go on the wrong board, I did not intend to, honestly. I have not been on this board for more than 4 months until last night; and I can understand the moderator's decision to change it; but I really did not know. Who is this Nan person? She must be a moderator because if you challenge her with the truth one iota, your posts are deleted. Again, the moderators have allowed me to get away with a lot. I do understand their decision to split it into conservatives and liberals; and I have no excuse, I have had an extremly stressful week, went on there to express my opinion and my posts were deleted, I simply went on the wrong board and once again was called a troll. Anyone who disagrees with this Nan person is accused of being a troll.
It was a huge failing. sm
And you are right, genocide has occured through many presidencies. It occurred in Iraq to the tune of Millions. But no one talks about that. So which genocide do we choose? Are some politically correct and some not? Just wondering.
Another huge concern........
Where is all the money coming from being donated to Obama's campaign. They are using fake names. Why? Now, most common sense folks will know why if we don't want to deceive ourselves. No doubt Muslim organizations, corrupt groups, terrorists related groups.....you name it. See how well that never gets reported on most of your news channels. FOX has tried and is bringing it up again but try to get others, with the exception of Lou Dobbs, who will call a spade a spade....and please don't get racial with me.....you know what I mean.
A huge list.....
of wars in the name of God just came to mind....Hmmmm.
these are huge churches
As you may remember, I am a Jew, but these Christian Churches listed are pretty large denominations:
UMC - 12 million worldwide members, 8 million in the U.S.
PC-USA - 2.2 million
Episcopalian - 2.2 million
American Baptist - 1.4 million
UCC - 1.2
The above are just some of the member churches. Are all of these denominations full of false prophets or reading a different bible?
I'm not trying to be difficult, I just find it very interesting
There is a huge difference.......... sm
between an MT who might be fortunate enough to make $20 an hour, which could be considered a livable wage, and a UAW making about $40 an hour without benefits. And no, I'm not one of the fortunate ones, but if I were and that were in the offing, then I would likely start looking into retraining for another line of work. Be that as it may, MTs are paid less than slave wages now, or hadn't you noticed before you retired?
The UAW taking a cut in pay is not in order for money to "go to the coffers of the CEOs." The CEOs are supposed to take pay cuts as well and at least 2 of them are working for $1 a year, aren't they? This is about saving the industry, but I doubt this bailout will do that. Come March, I fully expect that nothing will have changed and they will want more money and/or time. Will be interesting to see what happens then.
and I feel like makin *du du duu du du duu* feel like maaa-k-in love to YOU!
ARGH!!
can you spell depression?
x
And you don't think this recession (soon to be depression)...(sm)
has anything to do with it? Hey, that's what republicans want, big business to grow fast--no regulation--me, me, me...
How about all those families that are going to suffer from this. Did they ask for it too?
Michigan is in a depression.
I was born and raised in Michigan. Your state has been hit hard. I live in the Northwest and in my neighborhood, I have 8 new families who have moved in and guess where they are from? Michigan. A lot of my family members in Michigan believe that the Oil companies should bail out the 3 car companies, not from taxpayers money. Family members do not seem to care if the car companies fold because they are already in worse shape. My cousin, last family relative working for the GM, took an early retirement package given to him 2-3 weeks BEFORE the financial crisis hit US. He was very lucky. I have family members considering moving to the Northwest and 1 family already is here and just love it.
depression statistics
This sounds familiar:
http://eh.net/Clio/Publications/unemployment.html
Oklahoma alone has a huge oil supply. sm
When I worked at the University, I was told there was so much oil in capped off tanks, it would astound the populance to know how much. The oil is here.
gt you just made a huge mistake. sm
You have no idea what my religion is. I would never make an assumption like this. This one statement of your's and the other person who called me a Xtian (too darn lazy to type out Christian) reveals the true inner workings of the leftist mine. If you are not with me, you are against me. That's your motto and no one could possibly be as well-informed as you. Why, if I were to take some of your bizzare sayings, i.e., burning in hell and such, I might think you are a satanist. Are you? Can't prove it by me. Amazing.
Wow...that is huge for a "small" message...
and what possible "context" could change the meaning of those quotes? I invite you to elaborate on that. They said it, they meant it. And if you will read up on it, it WAS the intelligence gathered by the Clinton administration that Bush used. The SAME men were advising him who advised Clinton (Clarke and Tenet). I still say that was his BIGGEST mistake (keeping them). Nice try at a smoke screen, but the fact remains...if the intelligence was lies, they are ALL lying. Not JUST Bush. The Iraq Liberation Act came under the Clinton administration...not the Bush administration. Crafted by Democrats, endorsed enthusiastically by Democrats. I would believe all that before I would believe the claims of one man and one book that is being quoted ad nauseam. the fact that it is accepted as "fact" (I would imagine it is listed as "fiction" in book stores) in the face of all this historical data (you can't argue with the Library of Congress, and a person's own eyes and ears regarding those quotes).
I REPEAT...over 50% of individuals polled say they are against abortion. In a democracy (NOT THEOCRACY) majority is supposed to rule. THAT is also constitutional. But I guess that escapes some delusional zealots who want to impose their lack of morality on the rest of us?? (to use your words) There is no need to be hateful about this.
Can't believe you use the term "over a lots of dead bodies." Why is it more horrific that a woman would die from a botched abortion than the millions of bodies of aborted children that pile up year after year? What is even remotely moral about that? How someone can defend that in the name of choice...defies any morality.
And to set the record straight...not everyone who is against abortion is against it on religious grounds. They are against it on MORAL grounds. You don't have to be religious to have morality. There are several folks who identify themselves as "true" liberals and say that if you oppose war, oppose the death penality, on the basis of loss of life that it is inconsistent to be pro abortion. And I would agree, that based on everything I have read about the liberal philosophy, it is inconsistent with being pro abortion. But I guess some "liberals" pick and choose what life is worth saving. There's that choice thing again.
How can it be right to give one person (the mother) choice over the life of another (the child)? And why is that choice only good before the baby takes a breath, and afterward it becomes murder? That is about as inconsistent as it gets.
The challenges have failed because there have remained enough liberal judges in the court to keep from a majority. That is why it has failed. Why won't Congress just take it up and pass an abortion law (a REAL law)...why did they never do that in all the years abortion was illegal? Ask yourself THAT question.
Our next President WILL be a huge factor
xx
We've had HUGE government
over the last eight years, up through and including the purchase of BANKS.
Why is it that we can find money for wars and thieving corporations, but one PENNY designed to help American citizens is viewed as evil? Why is the thought of rebuilding our crumbling infrastructures such a bad thing, considering it will require WORKERS to do that and will bring JOBS with it?
Why is it okay for Bush to care so much about the Iraqi people he bombed that he included comprehensive and universal healthcare as part of his Iraq war budget, yet the mere mention of helping almost 50 million people acquire healthcare just terrible?
All that's just fine and dandy, but dare to mention one thing to help Americans get by in a bad economy is suddenly "big government"?
Bush only cared about corporate welfare and is supported. Obama cares about people and is trashed. For the life of me, I don't understand that way of thinking.
P.S. Who do you think will ultimately pay for all the things I mentioned above -- the things that Bush placed on the world's "credit card?"
Well I really didn't think it was a huge deal
and you are the only person who freaked out about it. Give it a rest!
I meant recession, not depression. nm
I guess my depression medication
must be working because I am happy to see in our lifetime that a woman and an African American can run for the presidency and possibly win. Times are changing. People are opening their eyes to a new day. Maybe we won't see a change in the economy in the near future, but we should all do our part to at least try to put lawmakers into office who have the peoples' best interest at heart. We pay taxes and these elected officials work for us. We can start by putting state representatives in office who will work for us in Washington. We voted for them and we can fire them. They work for us. We do have a voice.
All getting so depression. I doubt there is a single
nm
strategies for coping with the depression
I am paying off debt. Made my garden bigger. Planted some fruit trees. Stocked my pantry. But I don't want to take in any relatives......I would rather pass out free zuchini.
If we are in a full blown depression...(sm)
then I think the number of illegals coming into the country will lessen. If we can't offer them anything better here why would they come? I think there will be more pressure on the ones here because they will be competing for jobs. When Americans can't find jobs, I think they will be more likely to point out illegals or suspected illegals to lessen competition.
Another book about the Great Depression
The Forgotten Man by Amity Shlaes. I'm about halfway through it now and it's amazing - it could have been written about the last several years instead of the 1920s.
This is not social programs......this is HUGE government
!!
And now we have a huge trade imbalance with china..
because China has bought up all of our securities in the form of loans. That's why kids toys are full of lead. If you're smart, you will check the labels on ALL products you buy. Did you know that in China they string their chicken coops over shrimp ponds? The chicken feed is supplemented with shavings, dust, particles from plastics and fiberglass plants (to save money) and the chicken droppings are what the shrimp feed on. Crest toothpaste is made in Mexico. Hepatitis A outbreaks came from Mexico. Dollar store brands? Check the labels on vitamins, aspirin, EVERYTHING (China - they put ANYTHING in their products). Even Birdseye frozen vegetables are grown and packaged in Mexico. The only store I have found that the labels inevitably say: Grown and manufactured in the USA is SAVE-A-LOT!!! What happened to the FDA? Remember when Bush said we couldn't buy our medications from Canada? Guess who is making most of our meds now................
It would just create a huge black market, and
The people during the Great Depression were more self-sufficient that we are. sm
They could make a loaf of bread and farmed. They bartered for goods and services. They also had sound money (gold and silver) unless they left it in a bank deposit box or were duped into letting it be confiscated.
Thanks to the amended version of the Patriot Act, it is against the law to hoard food and water. Bank runs or inciting bank runs is a felony. Imagine that, it is against the law to try and protect your money. These crooks have everything covered.
Per the experts, we officially went into a depression today...nm
.
poll: how many think we are headed for another great depression
me for one
It is not HATE, it is love of country and depression
nm
Tent cities=Great Depression
Go to timesonline.co.uk and search for California tent cities. The homeless shelters there are OVERWHELMED and turn away as much as 200 people A NIGHT!!!! There are over 300 people living in one tent city ALONE! And these are not bums or derelicts, these are low to middle class income people who had been living paycheck to paycheck as most americans do, and lost their jobs and cannot find work.
Gee, and when was the last time this country saw tent cities like this? The Great Depression.
The unemployment rate in California is over 10% and has risen to 15% in some of the hardest hit states in the country. To say that this has been fabricated and that there is no crisis is just more of the republican elitist socially darwinistic pile of horse @!$%# that has been pervading the GOP.
It's time for all of you hard right conservatives to pull your head out of the sand and take a really good look at what YOUR republican president did to this country in the course of 8 years. Obama inherited one of the biggest messes in this country's history, and you are pssed off that he hasn't "fixed" it yet?!! Are you kidding!? He's been in office for not even two months. It took the Great Depression over a decade to be resolved, and your screaming over 2 MONTHS!!!!!!????
There are a lot of people hurting. And guess what, the CEO @!$%#s that helped cause the mess are laughing all the way to their bank accounts in Grand Cayman and couldn't give a @!$%# about the rest of the country. And who helped them get their egregious bonuses and compensation? Hmmmm, couldn't be the republicans that were in power for HOW LONG!!?? I'll tell you: from 1994-2006. Hmmmm, just long enough to deregulate the banks and lower the taxes on the wealthy enough to create the largest income gap in this country since the Industrial revolution.
The republicans f'd up big time. That is why they lost control. And they are continuing on that same wretched path with NO IDEAS on how to fix the mess they are mostly responsible for creating. Except tax cuts for the wealthy. The GOP mantra. It's BS and you all need to stop buying into the rhetoric.
I am hoping with all my heart that Obama is a successful president and is doing what needs to be done to rectify this nation. Yes, he may fail. That is a risk you take with ANY president. But if any of you have even half a functioning brain you would wish for success as well. His failure will mean the failure of our country. And I don't know about you, but I certainly hope I never see that day.
Why such a huge deal made about the auto LOAN
nm
Trusting Obama's character. That is a huge problem
nm
The huge emphasis on tomorrow is in direct proportion to
Finally. A President we can all be PROUD of, instead of hide-your-head-in-a-bag EMBARRASSED.
You feel someone should be forced to do something they feel is wrong? sm
Sounds like communism to me.
McCain's top economic advisor says we are in a "mental depression" sm
and additionally says that we are a nation of "whiners.' McCains top economic advisor is Phil Gramm.
How do you feel about these remarks? Additionally have you or someone you know been experiencing tough times in the last year?
Change recession to depression and I'll agree with you.
They just signed America's death warrant.
Book about Great Depression, 1928 and 1929.
BOOK: The Crisis Of The Old Order By: Arthur Schlesinger, Jr.
In 1928 and 1929, the nation had reached, it seemed, a permanent plateau of prosperity. Businesses expanding. Foreign trade growing. The stock market was continuing to rise. And national leadership could not now be in more expert or safer hands. "I have no fears for the future of our country," said Herbert Hoover in his inaugural address in March 1929. "It is bright with hope."
There remained a few discordant voices, anxious in the main over the stock market boom. In spring 1929, Hoover summoned a special session of Congress to deal with these issues. The session was not a success. The Board's purpose was to control the flow of commodities to the market; one provision was to control temporary surpluses. The session adjourned from April to November without taking action on the tariff. Hoover wanted state public lands and reclamatin projects and related irrigation matters be withdrawn from national control and states to manage these affairs then Federal Government. President's attitude toward utilities regulation was similar.
Yet most Americans remained more interested in teh stock market than economic question and the few interest as now beginning to turn into concern.
Early 1929, Federal Reserve Board under pressures of NY Federal Reserve Bank, finally consented to warn member banks that they should not lend money for speculative purposes. But did not work. Some argued that a restrictive policy might well induce deflation. The board felt it created "a state of mind which breeds depression." It was certainly true that reducing the interest rate was a clumsy way of combatting THE BOOM. As long as the stock market offered highest returns, it was bound to have first call on funds. Higher interest rate would have slowed down investment, cause capitalization process and bring down prices of ALL CAPITAL ASSETS and thus discourage investment. President Hoover did nothing as he was preoccupied with his own mind and watched the Board run the course.
CHECK THIS OUT!!! Finally by summer 1929, some danger signs were apparent, STARTLING DECLINE IN BULIDING CONTRACTS. Residential construction for the entire year SANK. CONSUMER SPENDING WAS SLACKENING. By midsummer 1929, building began to fall off, wholesale commodity prices dropped. In August, Federal Reserve Board finally agreed to raise to 6 percent. In September Stock Exchange price were at the highest. On October 23, PRICES STARTED FALLING. WALL STREET WAS SHAKEN. Anxiety was suddenly infectious. As panic spread, stocks dropped. Hoover stated, "The fundamental business of the country, that is production and distribution of commodities is a sound and prosperous basis." As prices held for a week, bankers QUIETLY fed back into the stock market that they had bought on Black Thursday for further future storms.
Banks protected themselves against their customers. On Monday, new explosion of gloom and panic happend. General Motors stock lost nearly 2 million. It soon was an avalanche, vast numbers rushing to get out of the market. By noon, 8 million shares traded hands and by closing time, Exchange had broken all records with 16 million shares. By mid November the financial community began to survey the wreckage. New York Stock Exchange had fallen 40 percent in value.
CAUSE OF THE CRASH: Management's disposition to maintain prices and inflate profits while holding down wages and raw material prices meant that workers and farmers were denied benefits of increases in their own productivity. Decline of mass purchasing power (like our real estate in 2005?) as goods flowed out of expanding capital plant in ever greater quantities, less and less cash in the hands of buyers to carry goods off the market. Seven years of fixed capital investment at high rates had overbuilt productive capacity and had thus saturated the economy. The slackening of the automotive and building industries. Businessmen trying TO SAVE THEMSELVES COULD ONLY WRECK THEIR SYSTEM. Representing the financiers, it had ignored irresponsible practices in the securities of the markets. Ignored the weight of private debt. Result was both class and national disaster.
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