View Poll Results: Future of U.S. economy

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  • Things are and will get gradually better

    10 41.67%
  • Things will just stagnate the way they are for the most part for some time to come

    3 12.50%
  • Things will get worse before they get better

    6 25.00%
  • Things won't get better we are in for an economic collapse

    5 20.83%
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Thread: State of the economy now and in the future

  1. #11
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    Re: State of the economy now and in the future

    Quote Originally Posted by phattonez View Post
    It might get better, but an economy simply cannot grow to meet the needs of an increasing population with higher and higher demands when there is no savings.
    Agreed! Refer to neo-classical growth models or Romers (newish) growth theory. The results just might surprise you
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #12
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    Re: State of the economy now and in the future

    Quote Originally Posted by USA-1 View Post
    I agree. There will be a bigger gap between classes and there will be a larger lower class..
    Your reference to a zero sum game is quite telling What is your view on international trade?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #13
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    Re: State of the economy now and in the future

    Quote Originally Posted by Goldenboy219 View Post
    Your reference to a zero sum game is quite telling What is your view on international trade?
    The trade deficit will taper off when we can no longer borrow money to buy Chinese goods and they have all our money. Chinese wages will rise and ours will drop to the point where China outsources manufacturing to the US.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  4. #14
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    Re: State of the economy now and in the future

    Quote Originally Posted by pugetsoundwa View Post
    Whats sad is Robber Baron JP Morgan would look like a Liberal compared to todays CEO's. Heavens, people here even defend a CEO getting multi millions a year.
    Some of us like living in a free country, you do not.

    What else can be said, other than "jealous much"?

  5. #15
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    Re: State of the economy now and in the future

    Quote Originally Posted by Scarecrow Akhbar View Post
    Some of us like living in a free country, you do not.

    What else can be said, other than "jealous much"?
    Yeah, a free country where the government is free to give AIG 180 billion dollars so Goldman Sachs can avoid a loss and actually post billions of dollars in profit. Free country? It sure ain't free for us taxpayers.

    http://www.realclearmarkets.com/arti...ink_97587.html
    Last edited by USA_1; 02-01-10 at 04:07 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  6. #16
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    Re: State of the economy now and in the future

    Quote Originally Posted by Scarecrow Akhbar View Post
    Some of us like living in a free country, you do not.

    What else can be said, other than "jealous much"?
    there is no such thing as a free nation, free market or such. All have a price. Its too bad you hate your fellow man and fellow Americans so much.

  7. #17
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    Re: State of the economy now and in the future

    Quote Originally Posted by USA-1 View Post
    The trade deficit will taper off when we can no longer borrow money to buy Chinese goods and they have all our money. Chinese wages will rise and ours will drop to the point where China outsources manufacturing to the US.
    It is sad how incorrect you are
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #18
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    Re: State of the economy now and in the future

    Quote Originally Posted by Goldenboy219 View Post
    It is sad how incorrect you are
    No it is sad that I am correct.

    We have lost the very thing that built this country. Manufacturing. If you think a service economy can survive you are mistaken. The best times are behind us.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  9. #19
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    Re: State of the economy now and in the future

    While things may improve slightly, they will never go back to the way they were. We based our entire economy on people living beyond their means, buying things they could not afford and not worrying about tomorrow. Now, the chickens have come home to roost and people's lives are falling apart because it's time to pay the piper.

    Unfortunately, the government doesn't want to actually fix the problem because it would mean they would get thrown out of power. Bush didn't want to fix it, Obama doesn't want to fix it. They just want to put things back the way they were so people are spending money they don't have on things they can't afford and the economy gets back on track until the next major crash.

    So long as we insist on this fundamentally unstable economic system, we'll never really improve, we'll just go from one crash to the next.
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  10. #20
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    Re: State of the economy now and in the future

    Quote Originally Posted by USA-1 View Post
    No it is sad that I am correct.

    We have lost the very thing that built this country. Manufacturing. If you think a service economy can survive you are mistaken. The best times are behind us.
    Thank you for your opinion.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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