Economy in recession [United States]
1211 cr points
Send Message: Send PM GB Post
24 / M / Nah I'm Fine ^__^
Offline
Posted 5/25/08
you all know that the economy is in recession right without president bush telling us.
ex. gas,food,rice,etc. prices are going up, and people getting laided off from work


what are your oppinnons on the economy and how we doing?
Posted 5/25/08
pretty much if this continues

were screwed
1141 cr points
Send Message: Send PM GB Post
76 / F / Seattle-ish
Offline
Posted 5/25/08
I think it sucks. Not sure we're completely in a recession though. If things continue like they are, we will be in no time.
Posted 5/25/08
my social studies teacher says gas prices are only up because we need money to support the troops in Iraq ... so if we withdraw from Iraq gas prices might decrease .... * i hope she's right*
Posted 5/25/08
Put this in the ED.
6468 cr points
Send Message: Send PM GB Post
25 / M / USA
Offline
Posted 5/25/08
Well, im not to worried, capitalism is all about swings and free markets, right now some major goods price is rising, and it will just take a while for it to balance out, also im sure that now that the focus is on the economy solutions will be found. Also i have faith in the socialist part of our economy (yes our economy is partly socialist, such as minimum wage), will keep the poor from falling into poverty, and the bottom of the middle class from falling into the poor.

Also the value of the dollar is fine, as the dollar falls, more and more foreign investment will come to the US thus bolstering the Economy, and causing the dollar to rise again. Like right now in Seattle during the holidays we get a butt load of Canadians coming in to shop, because its now cheaper here.

Just wait it out. Also with Obama as president (im pretty confident he will win) we will be spending a lot less on the war in the middle east (on "terror") and more at home.
17939 cr points
Send Message: Send PM GB Post
28 / M
Offline
Posted 5/25/08 , edited 5/25/08

puppet89 wrote:

my social studies teacher says gas prices are only up because we need money to support the troops in Iraq ... so if we withdraw from Iraq gas prices might decrease .... * i hope she's right*


I think the middle east(mainly saudi arabia) has us between a rock and hard place. Oil isn't a bottomless resource and the reserves are getting low. They are able to charge a higher price because of the demand. I think I read that China has emerged as one of the top 3 along with the US as highest oil consumers. Nixon and Reagan were both warned that this would happen, but they didn't act on it, so we are pretty much screwed regardless if we pull out of Iraq
14477 cr points
Send Message: Send PM GB Post
25 / M / Moving around or...
Offline
Posted 5/25/08 , edited 5/25/08
The current recession in the US economy is obvious, the question is how to solve it?


Lazybook wrote:
@puppet89 You are partly true. Our gas prices are high not because of the casualties and resources needed by our troops in Iraq, but the fact that we invaded Middle East led the organization to increase our gas prices.


Really, the US should just annex Iraq and kill everyone that resists including civilians. Then they'd be the 2nd largest holder of gas reserves. Afterwards, the defeated Iraqis can be enslaved to work in the oil fields. With Iraq's gas, the US can spit at OPEC. It's a lot better than fighting a war there in Iraq against "terrorists". There will always be terrorists in this world. So many years spent there, what a waste of time. I hate this whole humanitarian BS.
553 cr points
Send Message: Send PM GB Post
28 / M
Offline
Posted 5/25/08
at least the united states will not go in to a depression... only a deep recession.
Posted 5/25/08

FatedEmperor wrote:
Really, the US should just annex Iraq and kill everyone that resists including civilians. Then they'd be the 2nd largest holder of gas reserves. Afterwards, the defeated Iraqis can be enslaved to work in the oil fields. With Iraq's gas, the US can spit at OPEC. It's a lot better than fighting a war there in Iraq against "terrorists". There will always be terrorists in this world. So many years spent there, what a waste of time. I hate this whole humanitarian BS.


that sounds good
2498 cr points
Send Message: Send PM GB Post
22 / F / Michigan.
Offline
Posted 5/25/08
i heard that gas prices are going to skyrocket in the summer?
7-10$$?
that's hmm, $115//$150 everytime you fill your car up.

ughhh. america's going through a rough time right now.
2498 cr points
Send Message: Send PM GB Post
22 / F / Michigan.
Offline
Posted 5/25/08

Lazybook wrote:

I think instead of trying to find ways to decrease our gas price by telling OPEC to increase production, we should start with alternative transportations, just little by little. The otherside is probably loving the fact that U.S. is suffering at this point.


i guess hoping would be a lost cause, then.
i'm hearing a lot about this fuel cell technology;
yeah, hydrogen cars, whatever.
i guess i just don't understand the fact that we have this technology.
shouldn't we be paying more attention to this instead of panicking over the cost of gas?
maybe we are; and there just haven't been any, err, breakthroughs, for the lack of a better term.
i only know of one of these cars, but it costs nearly $200k.
so that isn't really an option for people right now.

but i shouldn't complain about how slow all of this is moving,
because things like these take time.
... and the problem also being us not knowing if we have that much time on our hands.

this sucks.
and the otherside can go suck a dick. bahh.

14477 cr points
Send Message: Send PM GB Post
25 / M / Moving around or...
Offline
Posted 5/25/08

YGGdrasill_11 wrote:


FatedEmperor wrote:

The current recession in the US economy is obvious, the question is how to solve it?


Lazybook wrote:
@puppet89 You are partly true. Our gas prices are high not because of the casualties and resources needed by our troops in Iraq, but the fact that we invaded Middle East led the organization to increase our gas prices.


Really, the US should just annex Iraq and kill everyone that resists including civilians. Then they'd be the 2nd largest holder of gas reserves. Afterwards, the defeated Iraqis can be enslaved to work in the oil fields. With Iraq's gas, the US can spit at OPEC. It's a lot better than fighting a war there in Iraq against "terrorists". There will always be terrorists in this world. So many years spent there, what a waste of time. I hate this whole humanitarian BS.


racist


Not really, just realistic. The Iraqis have done a horrible job running their country, they don't deserve to have one.
killar 
69281 cr points
Send Message: Send PM GB Post
34 / M / Texas
Offline
Posted 5/25/08
You must be logged in to post.