Recession ended in June 2009, economic panel says

[wallyj84]

Like Sargon showed in his posts, there are structural weaknesses in vital parts of the US infrastructure and until those weaknesses are fixed, the US won't be able to truly prosper again.

Honestly, I don't think the US will be able to fix these problems. We have too much debt, partisanship and just plain stupid ideologies to fix anything.

 

[deleted15807]

Like Sargon showed in his posts, there are structural weaknesses in vital parts of the US infrastructure and until those weaknesses are fixed, the US won't be able to truly prosper again.

Honestly, I don't think the US will be able to fix these problems. We have too much debt, partisanship and just plain stupid ideologies to fix anything.

Oh for sure!! The glory days are long gone and most Americans 'know' it.

America’s Dominance of Global Wealth Is Slipping
Poorer Countries Taking Over Global Economy

But really against the vast landscape of time all the great powers eventually failed. Mankind will eventually fail too. Do we really think we can continue to gobble up the planet's resources indefinately? Eventually commodity prices will skyrocket as the raw materials we use to build this paradise begin to run dry, standards of livings will plummet then the whole house of cards we've built will come tumbling down worldwide. Thank God I'll be gone by then.

“Maybe this world is another planet's Hell.”

-Aldous Huxley
.

 

[wallyj84]

Oh for sure!! The glory days are long gone and most Americans 'know' it.

America’s Dominance of Global Wealth Is Slipping
Poorer Countries Taking Over Global Economy

But really against the vast landscape of time all the great powers eventually failed. Mankind will eventually fail too. Do we really think we can continue to gobble up the planet's resources indefinately? Eventually commodity prices will skyrocket as the raw materials we use to build this paradise begin to run dry, standards of livings will plummet then the whole house of cards we've built will come tumbling down worldwide. Thank God I'll be gone by then.

“Maybe this world is another planet's Hell.”

-Aldous Huxley
.

Yeah, the glory days are definitely over. But, even though the glory days are over the remaining days don't have to be shit. The US is still a wealthy nation with a lot of material resources and generally good infrastructure. If the nation could get rid of all the flawed ideologies that drive foreign and domestic policy, the US could remain a powerful nation, not the most powerful but it would be economically secure and stable.

Sadly, the current ways of thinking that dominate the US will not die until the US collapses and in some cases not even then. That's my opinion at least.

 

[deleted15807]

Meanwhile big banks and corporate employers sit on their fat assets waiting for Americans to go out and spend (read charge) money they don't have.

But US corporations are sitting on a shitload of cash they have no intention on spending. 2 trillion in fact BUT note they do NOT expect employment to reach pre-crisis levels until 2013. Just in time for a Republican president to take credit for it

Jobless Suffer as Corporate Cash Hits $1.18 Trillion (Update1) - Bloomberg

Yeah, the glory days are definitely over. But, even though the glory days are over the remaining days don't have to be shit. The US is still a wealthy nation with a lot of material resources and generally good infrastructure. If the nation could get rid of all the flawed ideologies that drive foreign and domestic policy, the US could remain a powerful nation, not the most powerful but it would be economically secure and stable.

Sadly, the current ways of thinking that dominate the US will not die until the US collapses and in some cases not even then. That's my opinion at least.

The nation needs to think investment and not making the next quarters numbers look good. But I doubt that will ever happen. We are a nation of instant gratification seekers. I see parents buying there kids BMW's and Porsches. I mean WTF is that? They have nothing to work for, nothing to strive for. It was all given to them.

 

[maxcok]

Haha, suck Donkey Dick! :biggrin1: Seriously the fat cats don't know what they are talking about. There are plenty of people that I see that have nothing and no way to get help. And I do mean NO way. It doesn't work for the self employed who haven't paid in their taxes...

I've been self employed most of my adult life, and I've never collected a nickel of unemployment during "economic downturns". The self employed and those who've given up looking for jobs aren't counted in the unemployment rolls, so the 9.6% unemployment rate is nowhere close to reality.

“Maybe this world is another planet's Hell.”

-Aldous Huxley

Oh Sarge, maybe you and Aldy just need a dose of this. :wink:

 

[deleted15807]

Oh Sarge, maybe you and Aldy just need a dose of this. :wink:

I think this would be better :biggrin1:

 

[maxcok]

I think this would be better :biggrin1:

I think this would be better. :240:

http://gadgetcrave.frsucrave.netdna-cdn.com/wp-content/uploads/2009/07/marijuana.jpg

 

[DevonTexas]

I finished closing my office and laying off everyone in June of '09. Thanks to losing two clients (because of their declining revenues), the banks wouldn't touch us with our two main players gone. Meanwhile, my employees got to file unemployment (which I paid for in taxes) but me.. the entrepreneur , the chance taker, got fucked in the ass with nothing. I voted for Obama for change and guess-fucking what? Change in my sofa is all I have left.

At this point, I'm tempted to give America the middle finger and move to New Zealand or Switzerland.

 

[maxcok]

I finished closing my office and laying off everyone in June of '09. Thanks to losing two clients (because of their declining revenues), the banks wouldn't touch us with our two main players gone. Meanwhile, my employees got to file unemployment (which I paid for in taxes) but me.. the entrepreneur , the chance taker, got fucked in the ass with nothing. I voted for Obama for change and guess-fucking what? Change in my sofa is all I have left.

So . . . you're blaming the current President, the one who's been in office less than two years, the one who prevented total economic collapse, for problems that were 10 years, nay 30 years in the making, as a result of Republicans systematically chipping away at financial regulations while Wall Street figured out increasingly creative ways to game the system and build a higher and higher house of plastic cards? That's convenient.

If that's indicative of your reasoning and financial savvy, it's no wonder your business failed.


*wonders if it's time to move this to the Politics forum yet*

 

[HiddenLacey]

I'm definitely staying out of it if it's in the politics forum. It gets rather old watching the different parties blame each other for everything. I just want them all to work together and do what's best for our country. Instead some of them are to busy being underhanded to do anything to help the people who need help now. At this point does it really matter who did what? Who's in house? Who's in control? Our politicians are like a bunch of children in a sandbox throwing sand at each other.

 

[AlextheRedhead]

I finished closing my office and laying off everyone in June of '09. Thanks to losing two clients (because of their declining revenues), the banks wouldn't touch us with our two main players gone. Meanwhile, my employees got to file unemployment (which I paid for in taxes) but me.. the entrepreneur , the chance taker, got fucked in the ass with nothing. I voted for Obama for change and guess-fucking what? Change in my sofa is all I have left.

At this point, I'm tempted to give America the middle finger and move to New Zealand or Switzerland.

My industry was destroyed by this last blow.
Bankrupt and starting over. It sucked and I am angry with my self that I bought into it. I saw a lot of my business associates have had the same thing happen to them too.
For me I am going to sit under a palm tree and flip the banks and credit cards a big fat bird! Fuc*kem they will never get my business again.:angryfire2::nana::zx11pissed::fing26:

 

[nudeyorker]

I'm definitely staying out of it if it's in the politics forum. It gets rather old watching the different parties blame each other for everything. I just want them all to work together and do what's best for our country. Instead some of them are to busy being underhanded to do anything to help the people who need help now. At this point does it really matter who did what? Who's in house? Who's in control? It's like a bunch of children in a sandbox throwing sand at each other.

And welcome to LPSG there are the same contentious people here on all of the forums in addition to *politics* as we have in the political realm and media. You can't judge the future by the past but the world is never going to work together to do what is best for this or any other country much less the world; so you might as well just put your two cents in on the matters that you care about. In terms of the sandbox... It's more like a middle school cafeteria with money and some edumakation!

 

[maxcok]

I'm definitely staying out of it if it's in the politics forum. It gets rather old watching the different parties blame each other for everything. I just want them all to work together and do what's best for our country.

Well darlin, that's what the new president wanted too. Unfortunately his admirable if naive dreams of "post-partisanship" not only met a solid wall of resistance at every turn, the party of "NO" cynically, dishonestly and self-servingly used his attempts at compromise to move the ball further and further to their own side, to gut important legislation and paint him as a 'failure' at every opportunity. If you want to see who is working for themselves and their corporate sponsors and definitely not working for the the people, and most especially not working for the least advantaged among your friends and family, cast your eyes to virtually anyone on the right side of the aisle. The sad and frustrating thing is, I would bet a lot of them still support the Republicans and will foolishly continue to vote against their own best interests.

 

[_Edu]

This is bullshit

This was the first thing I thought when I heard bout this!

 

[HiddenLacey]

And welcome to LPSG there are the same contentious people here on all of the forums in addition to *politics* as we have in the political realm and media. You can't judge the future by the past but the world is never going to work together to do what is best for this or any other country much less the world; so you might as well just put your two cents in on the matters that you care about. In terms of the sandbox... It's more like a middle school cafeteria with money and some edumakation!

Exactly! Working together should be the simplest thing for us to do, especially in a country full of diversity and yet full of so much compassion and comradery. You would think for five minutes the people in leadership positions in this country could pull together and make things happen, instead it's still every person for themselves. How much worse does it need to get before they wake up? Does it really matter who believes what when we are working for the good of everyone. Long live politics.

Well darlin, that's what the new president wanted too. Unfortunately his admirable if naive dreams of "post-partisanship" not only met a solid wall of resistance at every turn, the party of "NO" cynically, dishonestly and self-servingly used his attempts at compromise to move the ball further and further to their own side, to gut important legislation and paint him as a 'failure' at every opportunity. If you want to see who is working for themselves and their corporate sponsors and definitely not working for the the people, and most especially not working for the least advantaged among your friends and family, cast your eyes to virtually anyone on the right side of the aisle. The sad and frustrating thing is, I would bet a lot of them still support the Republicans and will foolishly continue to vote against their own best interests.

Don't even get me started. I'm subjected to FoxNews atleast once a week. The last thing I need is a "political" station trying to brainwash me. I can think for myself.

I have someone tell me all the time, "insurance isn't a right, it's a privilege."

It always amazes me how someone who has never had to do without can say things like that.

 

[DevonTexas]

So . . . you're blaming the current President, the one who's been in office less than two years, the one who prevented total economic collapse, for problems that were 10 years, nay 30 years in the making, as a result of Republicans systematically chipping away at financial regulations while Wall Street figured out increasingly creative ways to game the system and build a higher and higher house of plastic cards? That's convenient.

If that's indicative of your reasoning and financial savvy, it's no wonder your business failed.


*wonders if it's time to move this to the Politics forum yet*

You wouldn't know how to run a business if someone gave it to you in a child's Lego Kit. I've had businesses before and some succeed - some don't. I wouldn't have grown this one to 10 employees if I didn't know what the fuck I was doing. Let's back up from your school yard understanding and insults to the earlier part of your intellectually stimulating insight. You want to blame all of this on 'evil Republicans' corrupting the economy and government for 30 years? Man, are you brainwashed or what? So, the Democrats are white, fluffy angels being abused by the Reps? You make me laugh. You've obviously bought into the load of crap that we either blame the 'left or the right' for whatever bad and spooky has happened. Guess what? They're both on the same team! Politics are much more complicated than a football game. It's not just team A and team B... both teams are always winning - at OUR expense.

 

[maxcok]

You wouldn't know how to run a business if someone gave it to you in a child's Lego Kit.

What do you know about my business experience? It just so happens I've been in business for myself most of my adult life, and I've done pretty well. I've also managed to have an enjoyable, well balanced life that wasn't focused on material gain. Can you say the same?

I've had businesses before and some succeed - some don't. I wouldn't have grown this one to 10 employees if I didn't know what the fuck I was doing.

So you had ten employees, and now they're all gone. What does that prove? I also recall in another thread you said you declared bankruptcy some 8-9 years back. There's not necessarily any shame in that, but based on how you've presented your case on the board, I hope you will forgive me if I am unimpressed and reluctant to have you lecture me on my business acumen.

Let's back up from your school yard understanding and insults to the earlier part of your intellectually stimulating insight.

Insults?

You want to blame all of this on 'evil Republicans' corrupting the economy and government for 30 years? Man, are you brainwashed or what? So, the Democrats are white, fluffy angels being abused by the Reps? You make me laugh. You've obviously bought into the load of crap that we either blame the 'left or the right' for whatever bad and spooky has happened. Guess what? They're both on the same team! Politics are much more complicated than a football game. It's not just team A and team B... both teams are always winning - at OUR expense.

I'll refrain from responding to your silly exaggerations (and "schoolyard insults") and just note that you've made more false (and condescending) assumptions about my level of political sophistication, as well as my business savvy. It's a bit ironic that someone who has displayed such shallow depth and a clear partisan slant in this forum would accuse me of being "brainwashed". Oh yes, I know you voted for Obama, or so you say. Thankfully a majority of voters in this country proved in '08 that they weren't completely retarded. Now you want to complain because he hasn't come in waving his magic 'hope and change' wand and miraculously restored the economy that has been inching towards the edge of the cliff for decades? You want to blame him for your business failure? Give me a f'n break.

I have relatives exactly like you, who have struggled in small town, small business enterprises most their lives. They buy into the myth that the Republicans are the friends of small business and the better stewards of the economy, though all objective evidence proves otherwise. Still they tune into their Faux News, drink the partisan Kool-Aid, pull the red lever, and call Obama a socialist. They are so blinded by ideology they don't seem to even notice or care that the Republicans are right now standing in the way of the president's small business initiative - legislation that would be a boon to their own businesses and to community banks, that would benefit local economies and encourage job creation. Of course, the Republicans can't allow that to happen; it might actually create jobs and improve the overall economy. Then what would they run against?

Your false equivalency mantra of "both sides are the same, one is just as bad as the other" is just that - false. It is a mantra of the right and the politically ignorant. But keep on repeating that mantra and swilling that Kool-Aid, and keep blaming Obama for not saving your ass if it makes you feel better, even as your next business venture goes down the tubes.

 

[DevonTexas]

What do you know about my business experience? It just so happens I've been in business for myself most of my adult life, and I've done pretty well. I've also managed to have an enjoyable, well balanced life that wasn't focused on material gain. Can you say the same?

So you had ten employees, and now they're all gone. What does that prove? I also recall in another thread you said you declared bankruptcy some 8-9 years back. There's not necessarily any shame in that, but based on how you've presented your case on the board, I hope you will forgive me if I am unimpressed and reluctant to have you lecture me on my business acumen.

Insults?

I'll refrain from responding to your silly exaggerations (and "schoolyard insults") and just note that you've made more false (and condescending) assumptions about my level of political sophistication, as well as my business savvy. It's a bit ironic that someone who has displayed such shallow depth and a clear partisan slant in this forum would accuse me of being "brainwashed". Oh yes, I know you voted for Obama, or so you say. Thankfully a majority of voters in this country proved in '08 that they weren't completely retarded. Now you want to complain because he hasn't come in waving his magic 'hope and change' wand and miraculously restored the economy that has been inching towards the edge of the cliff for decades? You want to blame him for your business failure? Give me a f'n break.

I have relatives exactly like you, who have struggled in small town, small business enterprises most their lives. They buy into the myth that the Republicans are the friend of small business and the better stewards of the economy, though all objective evidence proves otherwise. Still they tune into their Faux News, drink the partisan Kool-Aid, and call Obama a socialist. They are so blinded by ideology they don't seem to even notice or care that the Republicans are right now standing in the way of the president's small business initiative - legislation that would be a boon to their own businesses and to community banks, that would benefit local economies and encourage job creation.

Your false equivalency mantra of "both sides are the same, one is just as bad as the other" is just that - false. It is a mantra of the right and the politically ignorant. But keep on repeating that mantra and swilling that Kool-Aid, and keep blaming Obama for not saving your ass if it makes you feel better, even when your next business enterprise goes down the tubes.

You're a fucking idiot.

You got most of my info wrong. I didn't declare bankruptcy 8 years ago. I didn't ask Obama to save my ass, that's my responsibility. You coo over others in this thread that have had bad experiences in this recession and you constantly insult and attack me. If you're so successful, I doubt you'd have the time or energy to focus it here and attack shallow, insignificant pricks like me.

You sound like someone who is intelligent yet blinded by your own ego and someone who is desperately in need of attention.

Sorry I lead us into insulting each other, but you started it (as the school boy bully would say).

 

[maxcok]

You're a fucking idiot.

You got most of my info wrong. I didn't declare bankruptcy 8 years ago. I didn't ask Obama to save my ass, that's my responsibility. You coo over others in this thread that have had bad experiences in this recession and you constantly insult and attack me. If you're so successful, I doubt you'd have the time or energy to focus it here and attack shallow, insignificant pricks like me.

You sound like someone who is intelligent yet blinded by your own ego and someone who is desperately in need of attention.

Sorry I lead us into insulting each other, but you started it (as the school boy bully would say).

I'm going to let your maturity speak for itself. Constantly insult and attack you? Where? Is daring to challenge your position and questioning the business acumen of someone who blames his troubles on Obama not pulling the economy out of the ditch fast enough insulting? Okay . . .

As far as needing attention, I actually go out of my way to avoid undue attention.
That doesn't mean I won't speak up when someone says something stupid.
And I have time to play on the board because I'm self-employed,
and I use it as a distraction and break from my work.

As for the rest of your tantrum, I'll let that speak for itself too.

I'll also let your previous self-contadictory statements speak for you:

I voted for Obama for change and guess-fucking what? Change in my sofa is all I have left.

And this of your experience after visiting New York on 9/11/2001 and witnessing the fire from four miles away. (I edited out the most personal details, I hope that's okay.)

I had flown into NYC the day before. The night before, I had gone to a fundraiser. There were celebrities, cameras, happiness, champaign and I was in heaven and out of my league. I partied with Russian models that night and got drunk. Woke up at the W on Lexington and turned on the TV only to see the same smoke and helicopters out my hotel window. Hung over and confused, I called home and learned what was happening. My NYC appointments canceled, I found a friend to drive back to Texas with, I filed bankruptcy and I'm still recovering. . . . My life has never been the same since.

I don't know, but it sounds like you make excuses for your business failures. And you have a bad memory.

 

[Skull Mason]

A good number of my friends collect unemployment so they feel no need to go look for jobs. Why get a minimum wage job when you can get the same (if not a little more) by sitting on your ass doing nothing?