cicerone imposter wrote:okie, Don't worry about the stock market; we have done just fine the past three years - averaging an increaes of over 10%. That means, for your sake, that our annual increase is more than many people make working the whole year.
You only forget the big picture about our economy; 1) more than seven million more Americans are doing without health insurance, 2) mortgage bankruptcies are up, 3) savings is down, and 4) most salaries are not keeping up with inflation for the past six years. Fuel cost and interest rates are going up, creating more hardships for the middle class and the poor.
That you mention only the stock market just goes to show how ignorant you really are about our economy; it ain't just the stock market.
How many of those 7 million people are illegal immigrants?
Mortgage companies bear responsibility in writing marginal loans for people with marginal credit ratings.
For every reaction, such as higher fuel costs, there are also positive effects, such as more jobs in the energy business and more royalty checks for landowners. Higher energy costs will spur alternative energy methods, which will benefit us in the long run. I thought home loans were at very low levels even yet?
I choose to look at things in a positive light. The glass can be half full instead of half empty. Wants are always limited in any economy in the world in all of history. I mention the stock market because the Democrats sang its praises when it went up in the 90's, so I can sing its praises now. I don't think it is the bottom line either. But when the dot.com bubble made it go up in the 90's, were you warning of the sky to fall?
