What are your thoughts on the economy of the US, just a quick thought?

Question

we just keep making more and more and buying more and more, even as prices are rising. I think the people need to make some changes for ourselves; we need to slow down and stop trying to beat the Joneses, right now I think that is the only way that we are going to avoid a depression.

Wow looks like no one can agree, everyone gave each other thumbs down. Guess getting the people together is out...

Answer 1

Highest Dow Jones in History
very low inflation
Very low un -employment!
Retail is a bit slow!! But the boom years of the middle 90's to last year can't keep going at that high of a rate
Fuel is a problem!
all in all the economy is not too bad ..no matter what lieberals say!!
source: Retail business owner

Answer 2

People keep buying more because they have the money to buy more. This is a sign of a good economy. In a bad economy people have less money so they buy less. Remember the Great Depression of the 1930's? Their was no money "lost" in the stock market crash. It wasn't destroyed it just changed hands. People lost confidence in the system and held on to their money. The slow down in spending is what caused the depression, not the "loss" of money. Fewer goods being bought meant less factories being built and existing factories had to slow production or close their doors. The same was true of services. Same thing happened after 9/11. People panicked and quit spending their disposable income. Airlines, rental cars, hotels, lost customers and had to lay off employees and some went out of business. The price of Alamo Car rental company stock plummeted to 50 cents a share. Help the economy, spend your money.

Answer 3

What do you (or your parents) think when you pay $1.00 for a potato, $2.00 for a cup of coffee, $20,000/year for college, and never being able to put any money in the bank after you pay your rent/mortgage/utilities and car/credit card debt?
In the 50's and 60's one man provided for a family of 4, wife DID NOT work, and had enough left over to put some in the bank, buy a new car every couple years, have a vacation, and usually had a boat or another toy sitting in the driveway. What friend of yours (or your parents) is doing that kind of lifestyle now?
The dollar has been slowly trashed for many generations now, and its really going to tank next year. Those $10 shirts in Walmart will be a thing of the past (if you can afford to get there with $6.00 gasoline)

Answer 4

I read the responses first and saw things like free fall stock market, and economic crisis.

I guess we are trying to salvage the "it's the economy stupid" theme that worked so well last time.

There are issues that should be resolved. For one, it is not the Feds responsibility to bail out the bad business decisions made by real estate speculators. The problems with the subprime market are problems that the industry must absorb themselves.

The high cost of oil is a global market problem and deals with the sinking value of the dollar and the perceived risk of output disruption.

These are issues that are very complicated and require an understanding of the dollar and oil markets.

Generally speaking the economy is in good shape and will be fine after an adjustment period, provided of course we don't turn into a socialist society.

From the sounds coming from the Democrat side of the debates, it looks like that is the direction we are headed. If that does occur hold on to your wallets. We are in for a bumpy ride.

Answer 5

We are headed for a major recession. The Christmas shopping boom will be a bust as parents will not buy poisoned toys from China. Much of the clothing items are also made in China and I think many people will place a voluntary ban on all Chinese imports. Think of all the pottery items made in China, who know what chemicals are in the glazes?
I agree we could and should all live with a lot less clutter and junk in our lives and homes.
Yet, George thinks the best advice he can give us is "go shopping" HELP!

Answer 6

I feel that things would get better if we quit buying from other countries and use our USA money here in our country and take care of our own. Buying oil from overseas is a ridiculous thing, since we heave plenty here is the US.
People are seeking here to buy and lease mineral rights to drill for gas and oil. This needs to be done everywhere, it is there if they would get off it and do it. Don't send our jobs to other countries to save money, keep our jobs here and provide our people with the jobs they need.====

Answer 7

The economy is in terrible shape. The stock market free fall, oil prices highest ever, mortgage fiasco, dollar devaluation and the US debt continues to grow what a mess! We need to get fix the Rebupulican freight train outta control by electing a fiscally responsible President.

Answer 8

Sick and Corrupt, and we deserve what's coming our way.

Walk into a Best Buy, and act like you're buying a T.V or a Computer, and watch all the **** they are going to try and sell you.

They know that **** is pointless, but it makes them hit budget, so they force their employees to sell SOO many unneeded add ons.

If you have older parents... make sure you help them with their computer repairs, because otherwise, Retailers that fix computers can BANK on them, because they are easily confused and persuaded by big words

Answer 9

Yes, making & buying more and more (and having more and more people) is called economic growth. In a growing economy, you have job creation, and you have tax revenue sufficient to support the ever-growing entitlements of a social-democratic welfare state.

If the middle class /were/ to slow it's consumerism, /then/ you'd have an economic recession.

Answer 10

That once again the Republicans tried trickle down economics by giving tax cuts to the rich and once again, it failed to trickle down... that the economy is great for the upper class and is miserable for everyone else.