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Posts: 662 | Thanked: 238 times | Joined on Jul 2007
#23
Originally Posted by penguinbait View Post
Well contrary to the FUD that Bush tried to scare everyone with, I am just fine and had no worries ever? Lets be clear though the fundamentals of our economy are not strong. Until we change the way things are done and hold people accountable instead of handing out 700Billion dollars in bailouts with no oversight (as requested), the fundamentals of our economy will never be strong. So from my perspective its was clear, the fundamentals of our economy are not strong.

We have +6% unemployment, +8% here is Michigan. The gas prices are insane, the food prices are insane, college costs are through the roof, people can't afford healthcare, seniors have to decide between food or medicine.

Nothing about our economy is strong, unless you own and oil company.

In 2007, the average annual household income rose 1.3% to $50,233.00 according to the Census Bureau.

Imagine making 50K a year and supporting a family in this economy.
PB, have you seen the gas prices in Europe lately? I think it was something like $6.50 USD in Amsterdam... It's only $3.70 USD down here.

Unemployment:



Doesn't look so bad compared to our yesteryears? It is high, but not nearly so bad as it has been. (That chart is from the gov't. Here.)

I don't know any seniors choosing between heat and healthcare, or food and medication, and I can't find that statistic anywhere, so...

My state will give me a free tuition + money for board and all I need to do is keep a 3.5 GPA or higher. Maybe Louisiana is ahead of the times (uh huh, yeah). So, money for college is not a factor at all, so long as the student wants to really go. (Yes, any student here, who goes to public or private school. Same requirements for everyone.)

And, if you're only making 50k or less, you probably shouldn't strike up a family in the first place.

Bailing out private corporations is a bad idea, I couldn't agree more.

But, ****, the US had one major depression... ever? (Well, depends if you count the post-revolution economy as a depression.) I think we've done alright so far, so I'm sure the fundamentals are working out well.

Last edited by Aisu; 2008-09-27 at 22:02.