User Panel
User Panel
User Panel
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Posted: 11/19/2008 12:50:01 PM EDT
[#1]
We've been living on the credit card for a very long time, it isn't a stretch to say the bill is going to come due.
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Posted: 11/19/2008 12:51:53 PM EDT
[#2]
I think we're solidly into a recession and it WILL lead into a Depression that has the potential to make 1929 start to be called "The Small Depression" in the future.
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Posted: 11/19/2008 12:52:40 PM EDT
[#3]
Boss told me last night that we will be laying off 1/4 of our work force, those who still have jobs will get a 20% pay cut, across the board.
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Posted: 11/19/2008 12:54:30 PM EDT
[#4]
It'll happen FOR SURE IMO. But we haven't even started to feel it yet. We're like the guy who's been fatally shot, but hasn't even realized it yet. And putting Obama in office is the equivalent of taking that mortally-wounded guy and treating him by holding his head under water.
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Posted: 11/19/2008 12:55:07 PM EDT
[#5]
Quoted:
I have been lucky so far but I see tough times ahead. The good news is, all of my employees and my one subcontractor, all voted for hope and change. Two of them are gun-nuts.I layed of 1/3 of my workforce I don't care what you choose to call it it sucks first time I have shed tears over my job that I can remember 
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Posted: 11/19/2008 12:58:28 PM EDT
[#6]
Quoted:
We've been living on the credit card for a very long time, it isn't a stretch to say the bill is going to come due. Yup, economic growth based on easy credit, isn't growth, it is an unsustainable bubble. |
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Posted: 11/19/2008 1:55:47 PM EDT
[#7]
Quoted:
All we need is Hope. And Change |
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Posted: 11/19/2008 3:12:11 PM EDT
[#8]
The only reason why we haven't got the 2 qtrs in a row recession numbers is becuase of the stimulus checks. 70% of GDP is consumer spending. The stimulus did what it was designed to do, stop the GDP slide for a quarter.
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Posted: 11/19/2008 3:26:53 PM EDT
[#9]
Quoted:
The only reason why we haven't got the 2 qtrs in a row recession numbers is becuase of the stimulus checks. 70% of GDP is consumer spending. The stimulus did what it was designed to do, stop the GDP slide for a quarter. They used 700 billion of my tax dollars to delay the inevitable for a couple of months. |
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