Do we have a larger scale of ENRON peeping around the corner right NOW? Building construction coming to a halt! Real Estate sales in a tisy dive! Products & services taken a hit now! What ya think doom & gloom? Except for the people well connected or inside the money loop.
2007-02-28 03:46:17 · 5 answers · asked by bulabate 6 in Politics & Government ➔ Other - Politics & Government
How many stock holders will be fleeced this round by the exchanges???
2007-02-28 04:02:40 · update #1
They will keep telling us this until they all manage to convert their US dollars to other currencies or gold and make TONS of money by shorting the dollar.
After they make enough money, then they will finally admit that it is in trouble - or maybe they really will be waiting on a big fallout like Enron, which I am afraid is really around the corner because bankruptcies are only going to go up this year (As pointed out above, the savings: debt ratio is just pitiful).
As long as the country is in such debt, it will be in trouble and the dollar will continue to lose value.
2007-02-28 04:03:45 · answer #1 · answered by David M 3 · 1⤊ 0⤋
You obviously don't remember the mid 70's and early 80's if you think this economy is bad.
Believe me if the economy was really bad the media would be all over it..unless a demon crat was elected president, then we wouldn't have any homeless, global warming wouldn't exist and everyone would have free healthcare.
The last 5 years they've ( the media) been preaching along with the demon crats what a rotten economy we have, while the stock market which is a good indicator has topped 12 K. No one believes them because it's such a lie. The economy is doing well and the housing market is re adjusting due to a outrageous jump 2 years ago.
If you want to make a political statement bashing Bush and his "cronies" it's been over done. More demon crats have big money tied into "BIG OIL" than republicans. Just another fact the media forgets to mention.
If you have money you can always do what Ted Kennedy does and hide it in offshore accounts so he doesn't have to pay taxes. Afterall Uncle Ted is for the poor man, and he wants to raise taxes on the "rich"..like people making more than 25 grand a year.
Thank God for fools or the demon crats would be exposed for what they are..hypocrits.
By the way, why don't you doom and gloomers all head down to the Mexican border and tell all the illegals what a rotten economy we have, not to mention what a terrible country the USA is. They don't believe you either.
2007-02-28 12:03:25 · answer #2 · answered by Anonymous · 0⤊ 2⤋
Alan Greenspan is already telling people that we are headed toward a recession and that the value of the dollar is weak. But, I guess he is no longer a part of the government.
The economy has never been near as strong as the government and the Bush loyalists will tell you. Proof of that is that personal savings is at an all time low and personal debt is at an all time high.
2007-02-28 11:58:15 · answer #3 · answered by truth seeker 7 · 2⤊ 0⤋
I am sure the media will report a weaker economy if, indeed, there is a weaker economy. One bad day does not an economy make. Isn't it amazing how when everything was going up, George Bush had nothing to do with it. But when things go down, it is his fault.
There will be no ENRON disaster. Relax. Right now the savvy investor knows this is bargain hunting time!
2007-02-28 12:25:42 · answer #4 · answered by Jacob W 7 · 0⤊ 2⤋
The inflation tells that economy isn't strong from the get go.
2007-02-28 11:54:06 · answer #5 · answered by Anonymous · 1⤊ 1⤋