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The incoming economic break.
2455 cr points
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27 / M / currently residin...
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Posted 12/17/07

Zepher wrote:


uchi23 wrote:

i dont mean to offend the efforts of the soldiers in Iraq.. but i dont mind disagreein with the president and his decisions so far.. im not even to sure if terrorists really did attack us or it was an excuse to go to war.. but i do know that this pointless war has been greatly affecting the economy.. the united states keeps wasting so much money and the war doesnt seem like its coming to an end any time soon.. the countries debt with other countries is growing, if im not mistaken its in the trillions.. the dollar has been losing its value too.. companies are becoming reluctant to invest here and many have been going bankrupt.. other countries with good economy have been takin advantage of all these problems.. for example a lot of the trillions the united states has in debt is money china has been lending us.. we could only hope that we get a new president soon who will take us out from iraq before economy keeps gettin worse =/


Other countries haven't paid their national debt too. We still haven't paid our national debt in the past wars. If you want the U.S to pay off this debt; a very very quick way is to put a tax on soda. It will prevent people buying soda for some, enrage soda companies, cause riots because we don't like taxes (I don't mind my taxes for some reason.), and a few other things.

We won the revolutionary war because we just needed to wait until Great Britain gets tired of sending troops over in America. Now make comparisons to other wars similar to that. There are some that the side that was sending troops won (one reason is because they have a very ethical reason to win not like the war in Iraq). We should leave foreign affairs alone until it hits us. (The 9-11 attack could be from a different terrorist group) Most of us assume they are from the middle east because of the concentrated terrorist attacks.


Im pretty sure that no other countries debt is a big as the debt the united states has right now. Why does it affect us? Because we have less money to spend on the things that help our economy here. Wasting money in the war instead, put us in a position that we cant spend money on more important things.

I agree with you that the United States should stay outside of foreign affairs. How can they go invade Iraq after it was proven that they had no weapons of max destruction. I agree that Hussein was a cruel ruler and everything else. But if we supposably have the worlds best interest at heart, why dont we rush over to Sudan and stop the genocide thats going on.

I also agree that it could have very well been another terrorist group. But my biggest suspicion is that it had to be an inside job. I mean if it was really that easy for people to attack us why wouldnt other countries like Russia or Germany attack us instead. 9/11 was the first attack on United States soil and it was pulled off by a terrorist group from Afghanistan? Are you kidding me, and if they really did pull it off then we should be afraid that such a small group like that was able to pull it off.

That is why i feel that the govenment should stop going into these pointless wars. look back at vietnam war. We just sacrificed innocent lives and gained nothing. Thats the same thing happening in Iraq. And to top things off we go and try to start things with North Korea and Iran. I dont about you guys but i dont see our economy getting better anytime soon. Especially if we keep looking for trouble like that.
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35 / M / Utah
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Posted 12/17/07

uchi23 wrote:


Zepher wrote:


uchi23 wrote:

i dont mean to offend the efforts of the soldiers in Iraq.. but i dont mind disagreein with the president and his decisions so far.. im not even to sure if terrorists really did attack us or it was an excuse to go to war.. but i do know that this pointless war has been greatly affecting the economy.. the united states keeps wasting so much money and the war doesnt seem like its coming to an end any time soon.. the countries debt with other countries is growing, if im not mistaken its in the trillions.. the dollar has been losing its value too.. companies are becoming reluctant to invest here and many have been going bankrupt.. other countries with good economy have been takin advantage of all these problems.. for example a lot of the trillions the united states has in debt is money china has been lending us.. we could only hope that we get a new president soon who will take us out from iraq before economy keeps gettin worse =/


Other countries haven't paid their national debt too. We still haven't paid our national debt in the past wars. If you want the U.S to pay off this debt; a very very quick way is to put a tax on soda. It will prevent people buying soda for some, enrage soda companies, cause riots because we don't like taxes (I don't mind my taxes for some reason.), and a few other things.

We won the revolutionary war because we just needed to wait until Great Britain gets tired of sending troops over in America. Now make comparisons to other wars similar to that. There are some that the side that was sending troops won (one reason is because they have a very ethical reason to win not like the war in Iraq). We should leave foreign affairs alone until it hits us. (The 9-11 attack could be from a different terrorist group) Most of us assume they are from the middle east because of the concentrated terrorist attacks.


Im pretty sure that no other countries debt is a big as the debt the united states has right now. Why does it affect us? Because we have less money to spend on the things that help our economy here. Wasting money in the war instead, put us in a position that we cant spend money on more important things.

I agree with you that the United States should stay outside of foreign affairs. How can they go invade Iraq after it was proven that they had no weapons of max destruction. I agree that Hussein was a cruel ruler and everything else. But if we supposably have the worlds best interest at heart, why dont we rush over to Sudan and stop the genocide thats going on.

I also agree that it could have very well been another terrorist group. But my biggest suspicion is that it had to be an inside job. I mean if it was really that easy for people to attack us why wouldnt other countries like Russia or Germany attack us instead. 9/11 was the first attack on United States soil and it was pulled off by a terrorist group from Afghanistan? Are you kidding me, and if they really did pull it off then we should be afraid that such a small group like that was able to pull it off.

That is why i feel that the govenment should stop going into these pointless wars. look back at vietnam war. We just sacrificed innocent lives and gained nothing. Thats the same thing happening in Iraq. And to top things off we go and try to start things with North Korea and Iran. I dont about you guys but i dont see our economy getting better anytime soon. Especially if we keep looking for trouble like that.


It would be interesting if there were a tax on soda for an attempt to pay for the debt. It would be in bulk and might/might not pay off the debt in 3 years or more.
Posted 12/17/07
the world's economy had always suffered. its all due to greedyness and everything of the sort.
1. its always sucked
2. it sucks
3. it will continue to suck

the slump in the housing market here in kentucky, is mostly due to a large jump in construction, at an assumption that the moving population was going to rise drastically, but it didnt, and now there are empty houses everywhere.
Posted 12/17/07
Well for all you morons who say Bush taxes, taxes, and taxes, he's actually freezing interest rates for five years.
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35 / M / Utah
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Posted 12/17/07

skygod333 wrote:

Well for all you morons who say Bush taxes, taxes, and taxes, he's actually freezing interest rates for five years.


I've been checking interest rates for mortgages and they have been rising after the first 5 years. And how come he signed something that "said" that would help the elderly, but it actually double the cost the medicine for them.
Posted 12/17/07

Zepher wrote:


skygod333 wrote:

Well for all you morons who say Bush taxes, taxes, and taxes, he's actually freezing interest rates for five years.


I've been checking interest rates for mortgages and they have been rising after the first 5 years. And how come he signed something that "said" that would help the elderly, but it actually double the cost the medicine for them.


On loans, he's freezing all interest rates.
1821 cr points
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35 / M / Utah
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Posted 12/17/07

skygod333 wrote:


Zepher wrote:


skygod333 wrote:

Well for all you morons who say Bush taxes, taxes, and taxes, he's actually freezing interest rates for five years.


I've been checking interest rates for mortgages and they have been rising after the first 5 years. And how come he signed something that "said" that would help the elderly, but it actually double the cost the medicine for them.


On loans, he's freezing all interest rates.


I'm interested if this would actually works. If so then constipating the money will cause recession (unemployment). That might actually make the economy worse. On a side note, have you read my previous post about houses?
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24 / M / Columbus, OH
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Posted 12/17/07

uchi23 wrote:
I also agree that it could have very well been another terrorist group. But my biggest suspicion is that it had to be an inside job. I mean if it was really that easy for people to attack us why wouldnt other countries like Russia or Germany attack us instead. 9/11 was the first attack on United States soil and it was pulled off by a terrorist group from Afghanistan? Are you kidding me, and if they really did pull it off then we should be afraid that such a small group like that was able to pull it off.

Well Russia wasn't doing well at the time ( I believe they still aren't doing so well)
Germany we actually have a pretty solid relationship with. So I seriously doubt that Germany would attempt to attack us.
Posted 12/17/07

Zepher wrote:


skygod333 wrote:


Zepher wrote:


skygod333 wrote:

Well for all you morons who say Bush taxes, taxes, and taxes, he's actually freezing interest rates for five years.


I've been checking interest rates for mortgages and they have been rising after the first 5 years. And how come he signed something that "said" that would help the elderly, but it actually double the cost the medicine for them.


On loans, he's freezing all interest rates.


I'm interested if this would actually works. If so then constipating the money will cause recession (unemployment). That might actually make the economy worse. On a side note, have you read my previous post about houses?


What he's doing is causing all interest rates to freeze where they are at and take them out of effect I believe for five years. That gives everyone a break and would give the economy a boost.
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25 / M / Newyork
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Posted 12/17/07
Imagine if our economy crash,life would t be the same.

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35 / M / Utah
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Posted 12/17/07

skygod333 wrote:


Zepher wrote:


skygod333 wrote:


Zepher wrote:


skygod333 wrote:

Well for all you morons who say Bush taxes, taxes, and taxes, he's actually freezing interest rates for five years.


I've been checking interest rates for mortgages and they have been rising after the first 5 years. And how come he signed something that "said" that would help the elderly, but it actually double the cost the medicine for them.


On loans, he's freezing all interest rates.


I'm interested if this would actually works. If so then constipating the money will cause recession (unemployment). That might actually make the economy worse. On a side note, have you read my previous post about houses?


What he's doing is causing all interest rates to freeze where they are at and take them out of effect I believe for five years. That gives everyone a break and would give the economy a boost.


I'll give you my observation. Economy will only boost when the flow of money is going a moderate pace, and obviously on how it moves is by earning, then spending it so the other person gets that money. If the mortgages are frozen including well intention ones bankers and owners wouldn't get paid. Bankers wouldn't mind as much, but owners will get a cut from their budget. If all of them decided to hold on their money on this act then the flow of money will stop on this part causing less people buying goods, causing recession (unemployment). But this is just my observation. I wonder what will really happen from what Bush did.


budlox wrote:

Imagine if our economy crash,life would t be the same.



There's been a few economy crashes. Some aren't as moderate. As I've seen the economy been going down then up down and up. It's normal but how long and deep is this economy crash?
8138 cr points
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27 / M / North Carolina
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Posted 12/17/07
Good luck getting rich folks to shell out that money......

They'll chalk it up to punishment for being successful
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35 / M / Utah
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Posted 12/17/07

abel89 wrote:

Good luck getting rich folks to shell out that money......

They'll chalk it up to punishment for being successful


That's the reason people are trying to get rich from homes but if they all fail there might be a crash similar to the 1920's Great Depression in the U.S.
Posted 12/17/07

Zepher wrote:


skygod333 wrote:


Zepher wrote:


skygod333 wrote:


Zepher wrote:


skygod333 wrote:

Well for all you morons who say Bush taxes, taxes, and taxes, he's actually freezing interest rates for five years.


I've been checking interest rates for mortgages and they have been rising after the first 5 years. And how come he signed something that "said" that would help the elderly, but it actually double the cost the medicine for them.


On loans, he's freezing all interest rates.


I'm interested if this would actually works. If so then constipating the money will cause recession (unemployment). That might actually make the economy worse. On a side note, have you read my previous post about houses?


What he's doing is causing all interest rates to freeze where they are at and take them out of effect I believe for five years. That gives everyone a break and would give the economy a boost.


I'll give you my observation. Economy will only boost when the flow of money is going a moderate pace, and obviously on how it moves is by earning, then spending it so the other person gets that money. If the mortgages are frozen including well intention ones bankers and owners wouldn't get paid. Bankers wouldn't mind as much, but owners will get a cut from their budget. If all of them decided to hold on their money on this act then the flow of money will stop on this part causing less people buying goods, causing recession (unemployment). But this is just my observation. I wonder what will really happen from what Bush did.


Not true. Interest goes directly to the loaner. It is the incentive for loaning. If you loan your money for ten years, the borrower promises to pay your money back over 10 years plus interest every year (say 7%). Interest never goes to the bank unless if the bank loaned it's own money, not someone else's. Bank's get money from early-withdrawal fees, stocks, loans etc...By freezing interest rates, everyone has a break. They have more money annually for 5 years: They can save, improve life or spend. Usually, interest is some major big shit. It depends on the loan size and loans are fairly large usually. Say someone borrowed $100000 with a 10% interest rate: For five years, they pay regular payments only. Say they agreed to pay back over ten years: They save about $5000 in interest I believe. Perhaps my calculations are wrong. I think it's that number. Anyway, that five thousand goes back to the economy, as the person uses it for something they want (Of course they'll use it. It's human nature. They like the extra boost in cash usually). That money goes to the economy. Now imagine that widespread with Middle class and down. That's a lot of money back into the economy.

My dad's a banker. I've got a slight notion about these things.
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35 / M / Utah
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Posted 12/17/07

skygod333 wrote:


Zepher wrote:


skygod333 wrote:


Zepher wrote:


skygod333 wrote:


Zepher wrote:


skygod333 wrote:

Well for all you morons who say Bush taxes, taxes, and taxes, he's actually freezing interest rates for five years.


I've been checking interest rates for mortgages and they have been rising after the first 5 years. And how come he signed something that "said" that would help the elderly, but it actually double the cost the medicine for them.


On loans, he's freezing all interest rates.


I'm interested if this would actually works. If so then constipating the money will cause recession (unemployment). That might actually make the economy worse. On a side note, have you read my previous post about houses?


What he's doing is causing all interest rates to freeze where they are at and take them out of effect I believe for five years. That gives everyone a break and would give the economy a boost.


I'll give you my observation. Economy will only boost when the flow of money is going a moderate pace, and obviously on how it moves is by earning, then spending it so the other person gets that money. If the mortgages are frozen including well intention ones bankers and owners wouldn't get paid. Bankers wouldn't mind as much, but owners will get a cut from their budget. If all of them decided to hold on their money on this act then the flow of money will stop on this part causing less people buying goods, causing recession (unemployment). But this is just my observation. I wonder what will really happen from what Bush did.


Not true. Interest goes directly to the loaner. It is the incentive for loaning. If you loan your money for ten years, the borrower promises to pay your money back over 10 years plus interest every year (say 7%). Interest never goes to the bank unless if the bank loaned it's own money, not someone else's. Bank's get money from early-withdrawal fees, stocks, loans etc...By freezing interest rates, everyone has a break. They have more money annually for 5 years: They can save, improve life or spend. Usually, interest is some major big shit. It depends on the loan size and loans are fairly large usually. Say someone borrowed $100000 with a 10% interest rate: For five years, they pay regular payments only. Say they agreed to pay back over ten years: They save about $5000 in interest I believe. Perhaps my calculations are wrong. I think it's that number. Anyway, that five thousand goes back to the economy, as the person uses it for something they want (Of course they'll use it. It's human nature. They like the extra boost in cash usually). That money goes to the economy. Now imagine that widespread with Middle class and down. That's a lot of money back into the economy.

My dad's a banker. I've got a slight notion about these things.


I've already know about that I was stating on what the loaners will do. If by chance the person receiving is a regular person for example a person putting the house for rent. I'm just seeing on what they do depending their reaction/situation , etc. I'm just inferring.
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