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Time To Stop Consuming

Full story: Hartford Courant

On the night of Aug. 21, 2001, my husband and I checked into a motel in Miles City, Mont.

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Don Mei

“Don Mei”

Since: Apr 07

1,215

Essex, CT

ISP: Waterbury, CT

Judith, I dont know how old you are, but probably not old enough to remember the economic downturn of the early 90s.

At that time they were saying all the same things.

And on the next economic upturn, all the previous lessons were forgotten.

It will happen again and again, and again.

There is one big difference thoght. You are wrong when you say most Americans dont have savings. Many Americans now regularly contribute to 401k accounts. This wasnt true in 1991.

Don

Bag of Bones

Branson, MO

The stock market was waiting to see who would win this election.

Now that the winner is known..it is dropping like a rock.

If you are old enough to recall the J. Carter Presidency ...you are about to re-experience it.

His administration invented the ' misery index '. You Obama voters just voted for several years of stagflation. Don't know what that is?

Just watch and pay attention.

Don Mei

“Don Mei”

Since: Apr 07

1,215

Essex, CT

ISP: Waterbury, CT

Judged:

Carter with no Reagan in the wings. Bad bad bad.

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