Where is the US economy headed?

@realjohnboy,

Looks that way to many of us not exactly party affiliated; but I'm sure many conservatives support what they are doing; destroying this country - out of total ignorance.

If our government defaults on our loans, it's going to create havoc around the world.

1 Reply

@cicerone imposter,

I do find it amazing that this country falls down on its knees during the bush years and conservative talk radio blames Obama for all the problems, "we also have many people like H2o that believe this propaganda!
I find it kind of brilliant of the republicans in a psychopathic sense!

If the older people do nothing to educate the young about logical reasoning, psychology, frame of references and the scientific method I see this world falling apart!

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@reasoning logic,

rl, Haven't you learned yet that the GOP is out to make Obama fail without regards to how it impacts our economy? You know that old saw about "power corrupts?" They're already corrupted, and vote in unison on all legislation presented to congress. They don't know the meaning of the word "negotiate."

Their goal is "destroy."

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@reasoning logic,

Psychopathic Liberal talking points be damned, Obama is the president and he owns this economy 100%.

Why do Obama and his supporters waste so much time blaming previous administrations for every problem they face?
Obama wanted this job and now he has it, but all he does is whine and dither about like a backbencher that got called up way too early.

America will be better off after the 2012 election retires Obama.

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@reasoning logic,

Happy birthday CI. Ha ha, your older than I am!!! Reasoning Logic, the problem is that too many people listen to folks like waterman and his ilk who dont look into information that is available to anyone who is interested in educateing themselves but listen to the Rushes and Micheles of the world who only want to get richer on the backs of people who wont look for the truth. It is all about education or rather the lack of it.

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@cicerone imposter,

Can you blame them? If capitalism is the way to go than I would say that they are on the right track! It is a dogy dog world and if people believe that capitalism is correct than I would expect nothing less!

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@H2O MAN,

I bet you can not comment on this video!
religion
http://www.youtube.com/watch?v=A0YYScY79r0&feature=related

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@RABEL222,

You are correct but I think that you do need to expose yourself to other types of thinking so that you can decide for yourself what is correct but even then we do make mistakes.

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@H2O MAN,

H2O MAN wrote:

Obama is the president and he owns this economy 100%.

Then I am sure you will be the 1st in line to congratulate Obama on the performance of the Dow since he was elected.
Today: 12,583 (up 5% for the week, I think, and 53% since...
Jan 20, 2009 (inauguration day): 8,228
Nov 4, 2008 (election day): 9,325
Oct 27, 2008 (low point in the downward turn in the economy): 8,176

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@realjohnboy,

Being that the Dow is up so high I can only suspect that most people out there investing are making tons of money! Are any of you making money that the Dow is reflecting on?

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@RABEL222,

Quote:

Micheles of the world who only want to get richer on the backs of people who wont look for the truth. It is all about education or rather the lack of it.

Please explain!

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@reasoning logic,

Not me.

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@realjohnboy,

Also, factory production and hiring is increasing in the US; thanks to Obama.

It's almost a miracle that he was able to stabilize the economy after GW Bush's Great Recession that saw an upward trend in unemployment through the early months of 2009, and which was reversed almost immediately after Obama took over the white house.

Some people are just blind to the realities, because they have party eye shields on.

They will remain ignorant for the rest of their lives.

I transferred $75K of bonds into equity yesterday, because I believe our economy is going to improve from now on. The market was up 168 points today.

I back up my opinion with $$,$$$.

1 Reply

@cicerone imposter,

Well I am glad you are making money but what has the uptick done for the common Joe the plumber? Did it keep him from loosing his home to other investors that had the $$$$ to back up their opinions?

Maybe I should with hold my opinions because I have certainly not studied this subject well enough to make good informed decisions!

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@reasoning logic,

rl, In addition to reading alot about financial news, I have kept track of our retirement investments from the time my wife and I started saving for our retirement. My timing is based on "gut" feeling, but they've been pretty accurate during those many decades.

Many lost an average of 40% of their retirement savings in 2008, but we lost less than half of that.

I sold about 40% of our funds when it hit 14,000+, and repurchased them when it was at 8,500.

I was never a big fan of gold, but recommended gold in 2008. We all know what happened to gold prices since then.

Our net equity at the end of last year was 80% of our total earnings since our marriage in 1963.

I've traveled to over 160 countries (*many repeats), and still enjoy world travel. Have traveled to the South Caribbean (Honduras, Belize, Grand Cayman, Mexico and Guatemala), Cuba, Mexico, and will travel to Australia next month, to Turkey in September, and to Poland and a cruise from Prague to Hamburg in November. Already have travel plans for next year; January - another Caribbean wine cruise, and April a Southern France river cruise.

Hope to continue traveling if my health holds up.

We're not rich, but comfortable; that's all we want in our retirement years.

1 Reply

@reasoning logic,

reasoning logic wrote:

I have a question for all of you economic thinkers!
I will admit that I am no economist but I do try and study all the different view points held!

My question to all of you is, "Is it wrong that I study all the view points held or would it be best if I just excepted your personal view point?

I listen to all different kinds of view points from Rush Limbaugh to NPR so that I may have a less biased view point!

Listening to all viewpoints without being discerning is pretty silly. If you rely on Rush for economic advice, do you also ask roofers about heart surgery? If you are studying economics then you study economists, not blowhards that are not economists. If you weigh all viewpoints equally, then you are viewing it wrong. There are people that are more qualified than others?

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@parados,

Quote:

Listening to all viewpoints without being discerning is pretty silly

It is silly if you actually think I believe everything I hear!

Quote:

If you rely on Rush for economic advice

Did I ever state I relied on rush for economic advice?

Quote:

do you also ask roofers about heart surgery?

Are you being intellectually honest with yourself and the rest of us? You think that someone would think this? "you know they will not so why ask dishonest question other than building up the ego? {mental masturbation}

Quote:

If you weigh all viewpoints equally, then you are viewing it wrong. There are people that are more qualified than others?

Let me guess you think that most people who study do not understand this?

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@cicerone imposter,

I am glad that you have done well I am doing Ok myself and even though I took a much smaller loss than you I am sure that you are doing better than what I will at your age if this whole thing does not fall apart.
I was at one time investing 15 percent of my income but that got old because after awhile I started wanting bigger toys so I cut it back.
I do think that for the most part we are making money off the backs of the environmentally challenged and I would like to see a stop to this one day!

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@reasoning logic,

Quote:

Did I ever state I relied on rush for economic advice?

Quote:

I have a question for all of you economic thinkers!
I will admit that I am no economist but I do try and study all the different view points held!

My question to all of you is, "Is it wrong that I study all the view points held or would it be best if I just excepted your personal view point?

I listen to all different kinds of view points from Rush Limbaugh to NPR so that I may have a less biased view point!

"View point" certainly seems to always refer to economics in your post.

I guess I was taking your post as being honest and straight forward and responding to it as such.

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@parados,

If you listen to all of the different talk radio host that talk about economics and politics they too have their economist that they refer to!
It seems that these speakers share the same views as the economist they share with their audience, with the exception of those that they make fun of and disagree with!

1 Reply

Where is the US economy headed?

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