Do you still believe the US economy is in good shape?

Question

***If you do then please look on the link below. It is updated every second.***

We are mortgaging the future against for political sound bytes today. Wake up folks, we need to stop following the political parties like a herd of sheep. Be you conservative or liberal, Republican or Democrat it is time to stand up and get a dose of reality.

As long as we continue to demonize those who have a different political perspective we weaken our nation. This hatred divisiveness is nothing more than an excuse not to think for ourselves. This country is going bankrupt and we are too busy hating each other to notice.

If anyone intends to answer this with the usual vitriol against Liberals or conservatives or bush or Clinton, then I wish they would give a serious answer to one more question also. How do we explain to our children and grandchildren that when they sold our country out from under us we were too busy hating each other to pay attention.

http://www.cooper.house.gov/newsroom/releases/sept06/092006_finreport.htm

Sorry: Click on this link for the debt clock. You will see National Debt Clock on the left.

http://www.cooper.house.gov/

Answer 1

It is so much easier for people to shout at each other than face reality. And as long as they themselves feel alright, they are not inclined to even want to do anything about it.
I am from Ireland, a country that was crippled by its national debt for decades after a spending spree of one irresponsible gouvernment, and only the EU funds got us finally out of it.
It might still be great at the moment, but it will certainly catch up with the US in the long run.

Answer 2

I think the main problem is that everybody looks at the stock market to see if the economy is strong. The Dow doesn't show everything, it's one of several indicators. Even though the stock market is high right now, the local and state economies, I believe, still need work.

I wish that clock would actually go down once in a while.

Answer 3

i assume that it relies upon on which concept and which history you opt for to have confidence. If the money is placed right into a economic enterprise, does the economic enterprise only have a vault packed with greenback expenses or do they own loan it to human beings for purchases of vehicles, a house, function their business enterprise? that is how banks make money. Do they placed it into money industry bills? The handlers of money industry bills make investments the money and need to make a income which would be pondered back to the holder of the account. it is how they make money. Granted that lots of the institutional investors are being plenty greater careful of investments recently as a results of fact they don't be attentive to what the tax shape would be next 3 hundred and sixty 5 days and that they do no longer opt for to flow back to their purchasers and tell them sorry yet we lost a team of your money.they have been stung too many circumstances with that recently, with poisonous loans and actual sources difficulty. The worst ingredient could be for the economy could be for the wealthy to place their extra capital in an previous treasure chest and bury it interior the back backyard. i won't touch investment in useful metals, i don't be attentive to the way it fairly is dealt with, yet in my opinion i could be very careful of gold or silver till you may desire to get it at a smart fee and honestly have actual possession of the metallic. I worry that lots of the gold sellers are honestly promoting the comparable piece of gold many time devoid of the fairly metallic to back up the sale. i'm afraid that quite some the promoting of gold is only yet another ponzi sport

Answer 4

Of course our economy is in awful shape.

Your second question regarding how we explain it to our children, well that's an easy one. The same fallen nature in mankind that has been described in all the world's religions and philosophies still corrupts us to this day. It's mans nature. The reason it's so bad today is that we have abandoned all the traditional religious teachings and have made a god out of money. It is a god that has no feelings and does not care if man destroys himself.

It is a god that fosters self-centeredness. A totally self-centered person does not care about anyone else now or in the future. As long as he can fulfill all of his desires NOW, then to hell with everybody else. That is modern mankind.
So explain to your children that mankind abandoned all of the age old teachings on how to overcome his fallen nature and adopted a new god. A god that creates ravenous desires in it's disciples that blinds them to anything other than the search for fulfillment of those desires.

Answer 5

First of all, this is from the perspective of Dem. Rep. Jim Cooper, not exactly an unbiased party.

Second, the rate of our increase in debt is actually lower than the increase to our GDP. This is actually a net decrease in debt percentage-wise.

Ex. If you compare a $5000 debt w/$50,000 annual income to a $7000 debt w/$100,000 annual income, sure... the amount of your debt is higher, but you actually are fiscally better off.

Answer 6

Most western countries are mortgaging the future of their children and grandchildren. It does seem to be the way of our world. With that said, those of us who had the good fortune to have been born in the "developed" world don't have a lot to complain about when we look around us at other countries in the world.

Answer 7

The national debt doesn't have anything to due with how good the economy is going. It's going a lot better than Clinton had it going. The stock market is great and unemployment is the lowest it's been for a long time.

Answer 8

over 50% of GDP of 2005 was people pulling equity out of there homes. credit card dept is over 3 trillion . we are heading for a crash that will make the 1930's look like happy days.soylent green is people. if you're religious this would be called the 'end times'. see also Revelations. don't plan on anything past 2011.

Answer 9

After 2000 years, divide and conquer still works. Crazy, isn't it. Sometimes I wonder if the masses will ever wake up. They may, but it will be too late by then.

Answer 10

I think its funnt that my personal debt is more than I make ina year b4 taxes are taken out and all my benefits.

This world is going to ****. Plain and simple!