Poll: 60% say depression 'likely'

When are they going to prop us up. This is all to save the rich mans ass. We are the ones that are suffering. Now we get pay for their rescue with our tax dollars. The depression of the working men and women in this country has already started. The government is just making sure that it doesn't trickle up.

Donna Atlanta GA wrote:

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No, unemployment may very well be 6%, but UNDER-employment is extremely high. There is really are no figures to show how many people have gone from a well-paying job down to a make-do job, one that barely pays the rent and/or offers no medical benefits.
Few people are going to sit around without some kind of job for very long. But if they can't find a comparable job to the one they lost, they end up working at Wal-Mart or as a waitress or delivering newspapers or doing some other low-paying job to try to make ends meet.
Just because someone has a job doesn't mean they are doing well.

But the fact is that the "official" unemployment rates are based on those who are unemployed and eligible to receive unemployment benefits. THose who are jobless but ineligible are not counted among the officially unemployed. Also, once unemployment benefits run out, you are no longer counted as "unemployed" even if you still haven't been able to get a job due to being "overqualified". The long-term jobless who have given up looking for a job are also not counted as "unemployed" even though they most certainly are. Those who were self-employed or struggling small business owners who lost everything because of nobody having any money to buy from them, they're not considered "unemployed" either - yet they are.

Jacqueline S. Homan,
http://jacquelinehoman7.googlepages.com/nothi...
Author: "Nothing You Can Possess"
"Classism For Dimwits"
"Eyes of a Monster"

Big Tiny wrote:

When are they going to prop us up. This is all to save the rich mans ass. We are the ones that are suffering. Now we get pay for their rescue with our tax dollars. The depression of the working men and women in this country has already started. The government is just making sure that it doesn't trickle up.

So is your solution to prop up the dimwit "working man" who bout a house he couldn't afford, or racked up $30k in Credit card debt on flat panel LCD TV's and Ipods?

At least if they give my money to the banks my employer can borrow money to make payroll. If they give it to the "working man" as you call him, poof! It all goes to China, by way of Wal-mart.

Pigmetal wrote:

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Last time I drove through one of their subdivisions only about 3 out of 12 homes were actually sold. I laughed all the way back to my rented domicile.

That's exactly what's happened around where I live. We have McMansions that have never been lived in and have been collecting dust for over a year.

There is one subdivision that has approximately two dozen homes in it, only 3 are being lived in and the rest are in various stages of construction. The builder pulled out long ago leaving the houses simply framed and now they are falling apart. They will have to be demolished, most will never be salvagable.

It was a get rich quick scheme - let's see how many dummies we can get to buy homes they can't afford. I was amazed when I saw all these houses going up; I wondered where they were getting all the people with that much money.

Yep, the buyers were foolish and their eyes were bigger than their pocketbooks. And if they've had to enter foreclosure it will be many years before they'll be able to purchase another home, even one they CAN afford one. This certainly won't help the economy - no homebuyers + empty homes no one can afford = more of what we're seeing right now.

Jacqueline Homan wrote:

<quoted text>
But the fact is that the "official" unemployment rates are based on those who are unemployed and eligible to receive unemployment benefits. THose who are jobless but ineligible are not counted among the officially unemployed. Also, once unemployment benefits run out, you are no longer counted as "unemployed" even if you still haven't been able to get a job due to being "overqualified". The long-term jobless who have given up looking for a job are also not counted as "unemployed" even though they most certainly are. Those who were self-employed or struggling small business owners who lost everything because of nobody having any money to buy from them, they're not considered "unemployed" either - yet they are.
Jacqueline S. Homan,
http://jacquelinehoman7.googlepages.com/nothi...
Author: "Nothing You Can Possess"
"Classism For Dimwits"
"Eyes of a Monster"

Exactly, that's why employment figures are bogus. No one really knows exactly what kind of employment/unemployment/undere mployment we're talking about. And for the most part, those in Washington don't really care.

The stocks are falling, the stocks are falling!!!

janet wrote:

<quoted text>Damn right honey. Pharmaceutical industry in league with the devil (medical establishment). Prescribing obscenely expensive drugs with mind boggling side effects. Yeah, take this dick stiffener. It's side effects include 24-hour hardons, dementia, stigmata, suicidal ideation, gangrenous extremities and black death. A lousy course of antibiotics for my poor father cost $6,000 (if he had to pay). How can this s**t be happening?

Here's another medical constabulary horror show: A good friend of mine has a sister-in-law who is severely asthmatic and has had to endure severeal hospitalizations throught the course of her life. Now the only drug that can help her conveniently costs her over $6,000 PER MONTH!!! Needless to say, she and her husband can't afford it. But those who are paid to spray the upper atmosphere with metal oxides that are classified as Welsbach materials together with dibromethane (yes, I'm talking about chemtrails here!), they don't give a damn...Neither does the company in Bombay, IN that makes the dibromethane for use in this "global warming reduction application". But the super rich who control Big Pharma and Big Medica are doing just fine.

Jacqueline S. Homan,
http://jacquelinehoman7.googlepages.com/nothi...
Author: "Nothing You Can Possess"
"Classism For Dimwits"
"Eyes of a Monster"

Donna Atlanta GA wrote:

<quoted text>
That's exactly what's happened around where I live. We have McMansions that have never been lived in and have been collecting dust for over a year.
There is one subdivision that has approximately two dozen homes in it, only 3 are being lived in and the rest are in various stages of construction. The builder pulled out long ago leaving the houses simply framed and now they are falling apart. They will have to be demolished, most will never be salvagable.
It was a get rich quick scheme - let's see how many dummies we can get to buy homes they can't afford. I was amazed when I saw all these houses going up; I wondered where they were getting all the people with that much money.
Yep, the buyers were foolish and their eyes were bigger than their pocketbooks. And if they've had to enter foreclosure it will be many years before they'll be able to purchase another home, even one they CAN afford one. This certainly won't help the economy - no homebuyers + empty homes no one can afford = more of what we're seeing right now.

Hey, now don't forget that the Municipal government that approved the subdivision budgeted the increased property taxes into their next 10 years budgets and now can't figure out how to pay for the new parks they already built!

Well, we could go in on the property and make a killing when all of this blows over! LOL

Speaking of "terrorists" in the closet, doesn't Sen.McCain have many, many,financial "terrorists" in his camp, and has had 'financial terrorists" in his camp for many, many, years even going back to "Keating", so when we talk about terrorists, who have killed people, financially & emotionally, his "financial terrorists" have killed many, many, people with financial ruin,suicide, losted pensions,losted benefits,losted homes,losted insurance,and his "financial terrorists" have continued even today stripping the American people of the their savings & dreams and hope for a better tomorrow. His lobbyists, his banking coronies, his deregulators "Phil Gramm" who even called the American people a "nation of whiners", so when we talk about terrorists, Sen.McCain's closet is full, and guess what, he's not done yet. His war policy, his healthcare plan, his foriegn policy plan, wants to add more skeltons to his closet which already is full closet of "victims" of his "financial terrorists", so watch what you say, as your closet has big door, full of American people behind it.

And the bottom line is that this all came about because of crooked Wall Street tycoons, bankers, lobbyists and elected representatives who profited from speculating on the bad debt until the whole concept imploded, as it was bound to, and the bad debt could no longer be ignored. The banks that held the bad debt became insolvent. This is tantamount to the average American taxpayer not paying his mortgage, his car payment, his utilities, his credit cards, but setting up a pool to bet against how long his bad debt would be ignored; taking the profit from that betting, living high on the hog, but not paying off the debts until his bad debts could no longer be ignored; then asking the community to pay off his bad debts so he still had his house, his car, and his money.
http://www.newswithviews.com/Stuter/stuter127...

Letters have been coming in droves. Have you made your voiuce heard???
http://www.congress.org/congressorg/issuesact...

Daniel wrote:

Go figure. A decade of conservative rule sent us into the first depression. A decade of conservative control seems to be sending us into another.......
Vote all conservatives out. When they take an economics class, maybe then we'll consider them.

"Those who do not heed the lessons of history are doomed to repeat the mistakes of history."

If Obama has a 75% chance of winning the election I would say we have a 75% chance of a depression. In anticipation of an Obama upset I am rolling my investments into CD's and cutting my workforce by 40%. Good Luck Obama lovers see in 5 years.

PS After consulting with my accountant on Obamas pending tax plan I may shut down my business completely and play golf for a few years.

wow

beans and bullets!

Bring it on. Depression in America, will also bring Depression to the rest of the world. Screw it, let it happen. Only the Strong share survive and the weak will perish. Good bye and good riddance. Maybe out of the ashes after the next American Civil war, we will have a better country, minus illegal aliens, liberals and welfare recipients.

We don’t need a $700 billion bailout. What needs to happen...

1 - Seize and sell the assets of the CEO’s of the banks, whether those assets are off-shore or domestic; use the profit of those assets to pay off the bad debts.
2 - Seize and sell the assets of the Wall Street tycoons whose actions fomented this situation.
3 - Seize and sell the assets of all lobbyists whose actions fomented this situation.
4 - Seize and sell the assets of all elected representatives who profited from the actions of lobbyists, CEO’s and Wall Street tycoons who brought about this mess.
5 - Every loan (for whatever purpose) held by an illegal alien should be called, the asset seized and sold. Many, if not most, of the subprime mortgages that have been the fuel of bad debt speculation, are held by illegal aliens.
6 - Prosecute under RICO statutes all CEO’s, Wall Street tycoons, lobbyists and elected representatives who have brought about, or aided and abetted the bringing about of this mess.
7 - Substantially tighten credit.
8 - Tighten regulation of credit cards, both to amount of credit allowed and interest rates that can be charged.
9 - Stop all off-shore outsourcing.
10 - Place punitive tariffs on all goods shipped into the United 11 States, irrespective of whether the company has offices, branches or headquarters in the United States.
11 - Revoke the charter of the Federal Reserve Bank; return to the gold standard.
12 - Repeal the 16th Amendment to the U.S. Constitution and terminate the IRS.

And above all else, folks, quit falling for the emotional panic that the mainstream media; Bush, Paulson, their Wall Street cronies and lobbyists; and Nancy Pelosi and her do-gooder brigade are trying to engender. This is not an “economic” problem; this is a stock market problem caused by dishonest crooks on Wall Street and in Washington, DC. Don’t be panicked into making the American people pay for their dishonesty; make them pay for their dishonesty. In the words of Ohio Democrat Marcy Kaptur,“The assets they stole must be returned to the American taxpayers, right down to the tires on their Mercedes.” Never thought the day would come when I could agree with a Democrat.

http://www.newswithviews.com/Stuter/stuter127...

Oh no! Da Muslim is falling! Da Muslim is falling!

John McShame wrote:

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Yeah, that's why I never go to Texas anymore, Your plenty F@#kin stupid without me!!!

LOL, you probably left because you were tired of getting cowboy boots up your arse!

robo0425 wrote:

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Uh, yeah. The Financial service Center for FL, Inc is in Camp Hill PA, I work in IT and my wife is a mid-level bean counter. Actually we own a nice suburban cookie cutter house, THAT WE COULD ACTUALLY AFFORD!
You say you don't want to second-guess someone else's misfortune. So you are saying that $700 billion dollars of bad mortgages are all just a bunch of unlucky souls??? Just an unrelated string of coincidence and misfortune?
Look, Donna, I'm not saying the banks are not to blame here. i am saying that an equal amount of blame needs to be place on the shoulders of all of the people that bought homes they couldn't afford. I'm saying the only way out is to see the mistakes we all made.
Like I said, you cite the exception. And in normal lending markets, misfortune falls on a small percentage of people and they loose their homes. This is not a small percentage of people. And in most major and some mid sized markets the forclosers are overwhemingly on $500k and above houses. That has been all over the news for a year now. Look at California, Suburban NY, And I can't imagine where you live in Atlanta where there is actual affordable housing.
We will never get past this mess just blaming others. We did this. We bought the houses. This is our fault.

What you're missing is that we live in a very class-stratified society. Sure, people tried to buy homes where they couldn't afford. But look at how people are treated who are not even margninally middle class, let alone economically successful. If you live in the "wrong neighborhood" everybody else looks down on you. Getting in at a good job hinges more and more on who, not what, you know. And let's face it, someone from the bottom economic rungs of the society ladder is automatically looked down on regardless if they get educations (at cost of steep student loan debt) or not - because of classism. They often don't get a chance. And being able to afford the "right image" is also stressed in getting any kind of job that requires an education and that pays more than minimum wage. People from upper-middle class suburban "cookie cutter" housing developments rarely, if ever, fraternize or open up their networks so to speak, to those who are poor but struggling to make a better life. Why? Because in our class-driven society, everyone is judged by how they look, what clothes they can afford, what car they drive, and where they live. And the promoters of classism in our allegedly "classless" society are the elite...anyone who is independent and not subscribing to the socially engineered mainstream norm is a threat to them and their interests.

Jacqueline S. Homan,
http://jacquelinehoman7.googlepages.com/nothi...
Author: "Nothing You Can Possess"
"Classism For Dimwits"
"Eyes of a Monster"

CHICKEN LITTLE wrote:

The stocks are falling, the stocks are falling!!!

Your post name and words are so damn funny!! U get the award for the funniest of the day from me, that's for sure!!