How bad will it get?????

[d_sbrown]

The economic strength of our nation has always been based in three things.

The strength of our independent minded, productive, hardworking people.

Our vast natural resources.

Our free market economy.

These are what made us a great power.  But we have steadily been eroding our ability to tap into any of these strengths.  Entitlements and socialist concepts are eroding the desire of our people to be as productive.  Most of our resources are not touchable because of a wild idea being taken as fact called global warming.  And we are blaming a free market for the fact that we have some economic pain once in a while, so are working to get rid of it.

How bad will it get?

Hopefully bad enough that we will realize what we had and turn back.  Hopefully it will bad enough that people will once again realize that government can't take care of them at anywhere near the level that they can take care of themselves if they have motivation and the government stays out of their way.  People will realize that without the use of our resources, we can be poor environmentalists.  And just maybe people that preach that capitalism is the problem will realize that although it isn't perfect, it sure beats all other alternatives silly.

DB

[John_in_NC]

The economic strength of our nation has always been based in three things.

The strength of our independent minded, productive, hardworking people.

Our vast natural resources.

Our free market economy.

These are what made us a great power.  But we have steadily been eroding our ability to tap into any of these strengths.  Entitlements and socialist concepts are eroding the desire of our people to be as productive.  Most of our resources are not touchable because of a wild idea being taken as fact called global warming.  And we are blaming a free market for the fact that we have some economic pain once in a while, so are working to get rid of it.

How bad will it get?

Hopefully bad enough that we will realize what we had and turn back.  Hopefully it will bad enough that people will once again realize that government can't take care of them at anywhere near the level that they can take care of themselves if they have motivation and the government stays out of their way.  People will realize that without the use of our resources, we can be poor environmentalists.  And just maybe people that preach that capitalism is the problem will realize that although it isn't perfect, it sure beats all other alternatives silly.

DB

EXACTLY, We have simply had it too good for too long, maybe after the typical bubble gum chewing American comes to grip with how government spending effects their own life, we can rebuild things after the collapse. My opinion is there is only one party that can accomplish this, the libertarian party. 

[d_sbrown]

The interesting thing about all this is that we are moving toward socialism because of the idea that it will level the playing field between the haves and the have nots.  But as we take each step, more people become dependent on the government and its bailouts, and the have nots add to their numbers.  They are then told that more government will help them level the playing field, they vote for it and start the cycle over.  Historically in socialism there is the vast majority who have barely enough, and a few in power who control everything.  That is vastly different from the opportunity for anyone to do great things that our country has offered all of us.  Yet until we get a shift in the thinking of the average American to realize that this is not the path we need to take, we will just keep circling the rim on the way down.  The "progressives" are taking us backward as fast as they can.

DB

[Vader]

I think it will get really really bad! I know, I know...shocking...but here's the thing. I notice most people on this site are pro capitalism/free markets, anti socialism.

And you know I don't think it matters what system we're working with. People are still going to be greedy, and that ruins ANY system. Stimulus...big deal, greed and mismanagement will make it less ineffective. People will abuse the system and deserving people will be passed over. The free market system itself was abused by greedy people making a quick buck from the housing market is what started all this. And greedy people will slow down any recovery, if one ever comes.

So I think it will get really bad, and as long as greedy people(eg madoff, enron management, oil companies, and pretty much ANY greedy person) abound like they do, this country and the rest of the world's economies seems doomed.

[Linley]

What does he mean by tax revolt?
We refuse to pay taxes or what? Doesnt that mean eventual jail time?

Anybody have any suggestions on what WE the people should do to turn the tide, right now?

[Foreclosure Negotiator]

I thought y'all might be interested in this.  I know I was.  Think of it as an Urban Survival Guide for an Economic Collapse based on the 2001 Argentina collapse.

http://www.CoventryCams.com/MadMax.rar



GooD LucK! 

[Rich_in_CT]

6763.29   

[Liquidity]

You guys should watch house of cards on cnbc if you haven't seen it yet.

The stock market i think has over adjusted for whats going on at this point.

 

[phlemboy]

The House of Cards was a great documentary. I like the way it connected the dots.

[allagash]

Wish List:

New fluorescent lighting for home office....$10 bucks

Turned out to be $25.90.

Hugh Difference!

-Mike<I'd have some serious withdrawal symptoms if I had to live without my Scotch® Magic™ Tape.

http://www.youtube.com/watch?v=5LxC3M-Yngs