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This morning, as I sit here listening to the doom and gloom news, pick a channel, any channel, it hit me like a bullet between the eyes...
This down turn is the best news we could have.
Listen, we all worry about the money China and Russia and many of our questionable friends are making by raping the US and many others on the price of oil and other commodities. We lament the fact that so much of our debt is in foreign hands. We worry about the cash factor these countries have compared to us.
Well worry no more. The foreign markets are dropping at a much faster pace than the good old USA. Why? Simple really when you look at the big picture.
Europe has an unemployment rate twice that of the US. and almost no manufacturing. Japan is still suffering from the last major planetary adjustment back in the late '80's. South America is a joke on the world stage as far as influence on monetary matters save oil, and that's mostly one nut job names Chavez who, if he can't move the liquid gold, he's as poor as a hocker in the Bible Belt. China and Russia are completely untested economies having come into the real world in just the last 15 years. Neither one has ever seen a downturn on a world wide stage and had to ride it out. We have, many times! And what economic machine always pulls the rest of the world out of the fire....This GUY. The American consumer.
Don't think for a moment that we will not come out of this on top.... We always do. And once again the world will grow jealous of that amazing engine of economic security... the free market.
Opportunity is knocking!!!
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Posted By: Average American Posted on: Jan. 23, 2008 at 7:05 AM  22 Comments
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Jan. 23, 2008 at 08:14:57 AM
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| To: Average American Is your middle name "Walker" by any chance? "Europe has an unemployment rate twice that of the US." Not a true statement. Our unemployment rate is currently 5.0%, the EU unemployment rate for the last quarter indicated is 7.1%, that's not twice as much. Appears EU unemployment is going down, while ours continues to increase. ftp://ftp.bls.gov/pub/special.requests/ForeignLabor/flseur.txt In addition you have to know what data is included, or in the case of the US, 'excluded' from the number. There are 1.3 million workers "marginally attached" in this country that are unemployed but not included in the unemployment numbers. ==================================================================== "raping the US and many others on the price of oil" Are you serious? How many years has this country had to find an alternative source of energy? We use four times as much oil each day as we produce. Produce 5 million barrels/day, consume 21 million barrels/day http://www.eia.doe.gov/neic/quickfacts/quickoil.html It doesn't take a rocket scientist to figure out if we don't produce it we have to buy it from another country. We continue to use oil as our major souce of energy because oil is what makes Bush and friends, superrich. Why do you think we attacked Iraq and are spending billions of dollars each month on the war? When Saddam Hussein refused to renew the U.S. oil contracts back in December of 2002, he basically signed his own death warrant. ==================================================================== I hope you're right and we come out smelling like a rose, but I don't see how that's possible. P. |
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Jan. 23, 2008 at 08:26:46 AM
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| Long live the Roman Empire, Hail Caesar....
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Jan. 23, 2008 at 08:38:42 AM
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| So, when competing with Venezuela, China, and Japan, the free market is the answer? 3 nations that actively engage in command economy modes, that have the ability to look strategically at the future and make decisions about resources will be defeated by 5000 CEO's who all need to hit their numbers this quarter? Yeah, maybe we can put Kenny Boy Lay or Micheal Brownie in charge of that?
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Jan. 23, 2008 at 01:17:38 PM
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I am a filthy spammer, I deserve to be castrated in front of a live televised audience... Thanks for listening to me.
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Jan. 23, 2008 at 04:28:19 PM
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[This is a reply to comment by Patricia L Johnson on Jan. 23, 2008 at 08:14:57 AM]
Patricia L Johnson
Jan. 23, 2008 at 08:14:57 AM To: Average American Is your middle name "Walker" by any chance? "Europe has an unemployment rate twice that of the US." Not a true statement. Our unemployment rate is currently 5.0%, the EU unemployment rate for the... View this Comment Patricia, "Is your middle name "Walker" by any chance?" LAME. The latest info I can find online says EU-15 is at 7.3 and the EU-25 is at 7.9%. Twice might have been a bit heavy as a whole, but many individual states are nearly twice ours while a few exceed it. Poland 13% and until this month France 9%. "It doesn't take a rocket scientist to figure out if we don't produce it we have to buy it from another country." And why do we not produce our own supply at least in greater numbers? Why have we not constructed more refineries? Be careful when you answer these questions... You might just catch a glimpse of yourself in the mirror. |
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Jan. 23, 2008 at 06:55:23 PM
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| And why do we not produce our own supply at least in greater numbers? Why have we not constructed more refineries? Oh, I don't know AA. Could it be that constructing more refineries would cement our addiction to foreign oil at $100 per barrel and put the nail in the coffin? How does making more refineries keep us from being raped by our oil friends? How will this irrational activity address the problem of skyrocketing demand for ever diminishing quantities of oil? How will that kind of folly produce our way out of a recession. You say that the GOP has been fooled by politicians who posed as true "conservatives" but betrayed true conservative principles. But you keep on offering up the same failed "solutions" and mindless feel-good chest-thumping jingoism of those you attempt to distance yourself from now. People like you have brought us to the brink of ruin, and now you have the audacity to boast that you're doing just fine because you saw it coming. You haven't changed a bit. Embrace your inner neocon. |
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Jan. 23, 2008 at 11:07:34 PM
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[This is a reply to comment by www.MoronInCharge.com on Jan. 23, 2008 at 07:48:36 AM]
www.MoronInCharge.com
Jan. 23, 2008 at 07:48:36 AM AA speaks economic good tidings? We're... View this Comment Double A must be an Apostle of Kudlow on the business channel. The guy is such an eternal Pollyanna about the economy in the face of the accumulating evidence to the contrary. He is the lapdawg of the wealthy and powerful. He eats their tax cut grass as his staple diet and disgorges tax cut talk incessantly. My dawgs eat grass and then regurgitate it, usually on the kitchen floor. Krudlow has a time slot where he does it.
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Jan. 24, 2008 at 06:53:47 AM
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| Sorry AZMod, I've never seen Kudlow. I have read a history book or two. I am well aware that history repeats itself, whether you know it or not. Not all repeats in history are a bad thing... "Doomed to repeat it" could also be said "are lucky to repeat it". |
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Jan. 24, 2008 at 08:08:51 AM
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| My Boston Terrier has the most foul smelling farts imaginable, and she does it often. I think the opinions that AA "disgorges" are more akin to that. Now I am surprised that AA has read a history book or two; none of the people he has voted for ever had. So AA sees another economic downturn in the model of numerous previous minor and short recessions. Some of us are students of history too. We recognize the years of eyes-closed, profligate, wealth friendly spending has a better historical precedent. We too realize that history repeats itself. Apparently AA's history books glossed right over the Great Depression. |
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