Speaking of CHANGE.... - XDTalk Forums - Your HS2000/SA-XD Information Source!

**Ed Ely** · 03-14-2008, 06:14 PM

A short while ago:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) the unemployment rate was 4.5%.

Since voting in a Democratic Congress in 2006 we have seen:
1) Consumer confidence plummet;
2) the cost of regular gasoline soar to over $3 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate
(stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.

America voted for change in 2006, and we got it!

Ed

**DanTheEldest** · 03-14-2008, 06:30 PM

As much as I'd love to help you dump on the congressional Dems, Ed, I'm going to have to grit my teeth and let them (mostly) off the hook. I think the devaluation of the dollar and the collapse of the overly-optimistic housing bubble are the biggest culprits in our current slowdown. Could Congress do something to help? I'd imagine so, but I think the economy is simply going through its own cycle of ups and downs and there really isn't much .gov can do to help short of staying out of it and letting things stabilize on their own. Most action out of D.C. seems to be too little too late anyway.

**AZXD** · 03-14-2008, 06:46 PM

Quote:

Originally Posted by DanTheEldest

As much as I'd love to help you dump on the congressional Dems, Ed, I'm going to have to grit my teeth and let them (mostly) off the hook. I think the devaluation of the dollar and the collapse of the overly-optimistic housing bubble are the biggest culprits in our current slowdown. Could Congress do something to help? I'd imagine so, but I think the economy is simply going through its own cycle of ups and downs and there really isn't much .gov can do to help short of staying out of it and letting things stabilize on their own. Most action out of D.C. seems to be too little too late anyway.

+1

**Ed Ely** · 03-15-2008, 07:38 AM

Your voice sounds orderly Dan, but we
are talking about two years. Suppose you
and I had a business venture together. We
certainly would not have watched knowingly
the slopping decline, compared to the points
which I eluded to, and done nothing. Hello,
we would be broke now, if we took the same
path.

Trends, I cannot buy into really. Here's why:
stocks, we all know that the brokers make $$
whether the market rises or falls. Consumer
spending: purely an element of income plus
the available credit to the individual(s). The
government: they own the presses that make
our $$ currency and print as much as they
want at will. The more they print, the deeper
in debt we sink (whether Congress oks the
printing or not). An upcoming example is the
May infussion. A bandaid fix to a Hoover
dam leak. We shall see!

Ed

ichy_trigger · 03-15-2008, 07:50 AM

Something to consider, illegals send back to mexico, most of the money they make. This cannot be helping out economy.

The predatory lending I believe was a huge factor in the way the public is viewing our economy. By people believing that our economy is declining, causes them to spend less. This decline in spending WILL have a large impact on the economy.

My $.02 worth...

**DanTheEldest** · 03-15-2008, 07:57 AM

Quote:

Originally Posted by Ed Ely

Your voice sounds orderly Dan, but we
are talking about two years. Suppose you
and I had a business venture together. We
certainly would not have watched knowingly
the slopping decline, compared to the points
which I eluded to, and done nothing. Hello,
we would be broke now, if we took the same
path.

Ed

The government is completely clueless about what it takes to run a profitable business. If more businesspeople actually got into government we'd have a balanced budget every year and many of the extremely wasteful spending programs we currently fund would have been axed years ago.

Businesspeople make money....politicians spend it. It's unreasonable to expect them to even know what to do when confronted with financial problems in an industry they fundamentally don't understand.

**Frenchy** · 03-15-2008, 07:59 AM

Quote:

Originally Posted by DanTheEldest

The government is completely clueless about what it takes to run a profitable business. If more businesspeople actually got into government we'd have a balanced budget every year and many of the extremely wasteful spending programs we currently fund would have been axed years ago.

Businesspeople make money....politicians spend it. It's unreasonable to expect them to even know what to do when confronted with financial problems in an industry they fundamentally don't understand.

Amen!

**DanTheEldest** · 03-15-2008, 07:59 AM

Quote:

Originally Posted by ichy_trigger

The predatory lending I believe was a huge factor in the way the public is viewing our economy. By people believing that our economy is declining, causes them to spend less. This decline in spending WILL have a large impact on the economy.

My $.02 worth...

I think there's probably a lot to that...good point.

**einheit 13** · 03-15-2008, 08:03 AM

It has nothing to do with DC. It has more to do with this country's greed and the greed of the individual and making bad choices. housing worth 3 times it 'real' price, mortgage companies handing out mortgages to anyone that has a little money. Companies selling out to high bidders and then those area being shut down or restructured to make profit with the least amount of burden. Overseas investors buying up companies left and right, China pretty much buying all the worlds raw materials for construction, this long drawn out conflict in the middle east, foreign aide to just about every country that asks, taxes on everything but speech (so far), and the declining US dollar....even Ross Perot would have a hard time figuring this out.

Dhunter55 · 03-15-2008, 10:56 AM

I change my underwear, daily. Hope Obama does too!

03-14-2008, 06:14 PM	#1
Ed Ely XDTalk 5K Member Join Date: Mar 2001 Location: 37.65N -84.76W (Elev. 932 ft) Posts: 7,646 Blog Entries: 1	Speaking of CHANGE.... A short while ago: 1) Consumer confidence stood at a 2 1/2 year high; 2) Regular gasoline sold for $2.19 a gallon; 3) the unemployment rate was 4.5%. Since voting in a Democratic Congress in 2006 we have seen: 1) Consumer confidence plummet; 2) the cost of regular gasoline soar to over $3 a gallon; 3) Unemployment is up to 5% (a 10% increase); 4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses); 5) Americans have seen their home equity drop by $1.2 trillion dollars; 6) 1% of American homes are in foreclosure. America voted for change in 2006, and we got it! Ed

03-14-2008, 06:30 PM	#2
DanTheEldest XDTalk 5K Member Join Date: Jul 2006 Location: Phoenix, AZ Posts: 6,348	As much as I'd love to help you dump on the congressional Dems, Ed, I'm going to have to grit my teeth and let them (mostly) off the hook. I think the devaluation of the dollar and the collapse of the overly-optimistic housing bubble are the biggest culprits in our current slowdown. Could Congress do something to help? I'd imagine so, but I think the economy is simply going through its own cycle of ups and downs and there really isn't much .gov can do to help short of staying out of it and letting things stabilize on their own. Most action out of D.C. seems to be too little too late anyway. __________________ To make mass murder palatable to the public, one must first strip the victims of their inherent humanity. First were the native Americans ("savages"), then the black slaves (only "partly human"), then the Jews and gypsies in Hitler's Europe ("parasites on society"), and now America's unborn (also "not fully human"). Save the Americans--end abortion now. Insights and documentation on our nation's Christian heritage: www.WallBuilders.com

03-15-2008, 07:50 AM	#5
ichy_trigger XDTalk 5K Member Join Date: Jan 2004 Location: Dayton, Ohio Posts: 7,478	Something to consider, illegals send back to mexico, most of the money they make. This cannot be helping out economy. The predatory lending I believe was a huge factor in the way the public is viewing our economy. By people believing that our economy is declining, causes them to spend less. This decline in spending WILL have a large impact on the economy. My $.02 worth... __________________ "The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself." http://militarysignatures.com/signatures/member2645.png

03-15-2008, 08:03 AM	#9
einheit 13 XDTalk 5K Member Join Date: Mar 2005 Location: Virginia, C.S.A. Posts: 5,645	It has nothing to do with DC. It has more to do with this country's greed and the greed of the individual and making bad choices. housing worth 3 times it 'real' price, mortgage companies handing out mortgages to anyone that has a little money. Companies selling out to high bidders and then those area being shut down or restructured to make profit with the least amount of burden. Overseas investors buying up companies left and right, China pretty much buying all the worlds raw materials for construction, this long drawn out conflict in the middle east, foreign aide to just about every country that asks, taxes on everything but speech (so far), and the declining US dollar....even Ross Perot would have a hard time figuring this out. __________________ Once is happenstance, twice is coincidence, the third time is enemy action “It is the lack of will power, and not the lack of arms which render us incapable of offering any serious resistance.”

03-15-2008, 10:56 AM	#10
Dhunter55 XDTalk 3K Member Join Date: Jan 2006 Location: Bikini Paradise Posts: 3,694	I change my underwear, daily. Hope Obama does too! __________________ Ron Paul Chuck Baldwin Bob Barr 2008 *Just say NO to McBama!* Last edited by Dhunter55; 03-15-2008 at 10:59 AM.

03-15-2008, 07:38 AM	#4
Ed Ely XDTalk 5K Member Join Date: Mar 2001 Location: 37.65N -84.76W (Elev. 932 ft) Posts: 7,646 Blog Entries: 1	Your voice sounds orderly Dan, but we are talking about two years. Suppose you and I had a business venture together. We certainly would not have watched knowingly the slopping decline, compared to the points which I eluded to, and done nothing. Hello, we would be broke now, if we took the same path. Trends, I cannot buy into really. Here's why: stocks, we all know that the brokers make $$ whether the market rises or falls. Consumer spending: purely an element of income plus the available credit to the individual(s). The government: they own the presses that make our $$ currency and print as much as they want at will. The more they print, the deeper in debt we sink (whether Congress oks the printing or not). An upcoming example is the May infussion. A bandaid fix to a Hoover dam leak. We shall see! Ed

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