I just figured I'd take a litmus test to see where everyone stood on the economy? I've seen a lot of statistics in the media saying the dalibama lead us out of the worst recession since the GD. I've also seen polls that show that 45%+ of Americans still think the worst is yet to come. I'm on the fence. I see some things getting better. I see other things getting worse. My opinion is that we're in an economic stalemate. Another toss up, how much, if any, did the stimucrack plan have on turning the economy around? And if the stimulus plans had such a wonderous effect on turning the economy around, who should the credit go to? Bush for breaking conservative/capitalist values and beginning the TARP program, and auto bailouts, or obama for one uping him, and trying to spend money on everything under the sun?
I pray I am wrong, but I don't think we've seen the worst. Absent give aways, people are holding on to their money.
I think you might be right EERCA R (lol...wtf?!) I think the bounce we've seen is temporary. You know, no one has talked about this, but with Healthcare accounting for 1/6th the US economy, what ramifications will this bill have on public companies and the stock market as a whole. I don't see how anything in this bill will have a positive effect on healthcare stocks. You reduce costs? Lower profits. You push people towards a single payer gov't run system, people will run from the insurance companies, destroying the value of their stock. You could see Enron all over again. I'm not touching healthcare stocks with a 10ft pole right now.
I want an R1...I'm just 2.5 years from it...I'll be paying for the wife's education until then. Hopefully I'll be able to get a sweetheart deal on the 06 SE by then. I had a chance to pick up one for $6300, looked brand new with 6k miles on it too. Definately a buyer's market for bikes right now. I had to practically give away my rebel.
Wall street causes mess. Wall street then expects us (consumer spending) to pull them out of mess. I say F Wall street. I am saving every penny.
Which would you prefer: An improving economy and an Obama win in 2012, or a worsening economy and a republican win in 2012?
I'm taking my severance package from Verizon and paying off all my debt. When the economy continues to reach new lows, I ain't gonna owe anyone! Those with massive CC debt, high $$$ car payments and luxury toy payments are gonna be hit the hardest. Getting laid off at this time was probably one of the best things that could have happened. I'm learning to live a more modest lifestyle and have been forced to live within my means. Not to mention the severance package was a godsend because with it I'm able to pay off all my creditors. I'm a slave no longer!
Whichever of the two lowers inflation. I am spending as little as possible. When my money can buy me a descent return, I will spend. Until then, bread and water.
Not going to happen unless there is some other kind of disaster. Given the choice I provided, which would you prefer?
It's not such a cut and dry question. If it means selling this nation's soul for socialist ideals, I would rather the economy go south than see Obama reelected. If Obama doesn't continue pushing this socialist agenda, and the economy rebounds, I could care less if he was President. The real question is how many of the Dallas Cowboys are you going to register to vote for the 2012 election to make sure Obama stays in the white house WHEN the economy really tanks?
Signs point towards the world economy improving / stabilizing. The kicker for growth will be a new hot tech emerging. My bet is that it will be energy related. Demand for wind, solar, tidal, electric vehicles, etc. will stimulate the growth of small specialized businesses which will go public / get bought and generate new revenues / growth. Until then consumer staples and services rule the day. Consumer driven companies will grow very modestly now that people realize the world isn't imploding. Unemployment will stay high for a couple of years as companies squeeze out production improvements with reduced capital expenses. Sucks for people, but good for the bottom line which is good for the economy. The next big kicker is the Christmas shopping season. My bets are that it will be better than last year, but not as good as before thus signaling restored faith in the economy but increased savings and reduced consumer spending.
If the economy improves, Obama will win easily in 2012. If the economy improves, a health care bill passes, a successful pullout of Iraq occurs, and some form a stability is brought to Afghanistan, not only will Obama win in 2012, he will be the next face on Mt. Rushmore.
....and if if's and but's were candy and nutz, we'd all have a merry christmas. This administration will be the most collossal failure since Jimmy C.
