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Wall Street Thinks We May Be Headed For Recession
Vicki
post Jan 16 2008, 04:59 PM
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Well DUH! Ok ... who told? blink.gif


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unjustjohn
post Apr 7 2008, 04:31 PM
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It has become painfully obviuos to me that niether wall street nor the government has any concept to as what the common everyday working class person is presently or has ever done to survive in this country.

They have lived off the blood, sweat, and tears of US dummies who continue to believe in a system that has now allowed the very jobs that they got the money to pay their wages and benefits, to be handed over to a communist country, so they may make even larger profits.

They have borrowed money not only from this communist country, but from many other countries as well. Devaluating our hard earned dollars even futher so now we have even less buying power.

They are living in such luxury that you and I could not even hope to attain, and yet they convince us to give what monies we can spare to charities.

They allow non-profit organazation CEOs and Presidents of these non-profit organazations to make multi-million dollar a year salaries.
For example: the red cross gives you not a penny for your blood, then they make over $2,500 off of each pint you give, and to rub your nose in the muck good and long, they pay the Chairperson and director ( forgot her name) A $14,000,000 (yes fourteen million)
a year salary not including her free postage, plane travel anywhere in thworld for "Red Cross Business", and don't forget her eight weeks per year paid vacation.
I got this information from my son who worked for the Red Cross for eight years and have seen spread sheets "personally" that show these figures.

A government that post completely false statistics about our unemployment rates.
Although we all know he stuffed the ballot box just to get into office, and he is probably the most stupid and ignorant individual person to ever hold public office.

A puppet, a liar, an idiot, and a man that could pass an S.A.T. test except if his money hadn't bought his answers.

A president that sends us a stimulus package in order for him to look a little better to the public before he leaves office.

Recesstion? Recession?

My Dear Vicki, give us three or maybe even less years of this downward trend and we will all be back on the bread lines saying "WHAT THE HE77 HAPPENED?"

It won't be too hard on my family for a short while, but there may come a day before when I will have to stand by my crops with a gun to fend off the starving masses.

I really don't think the American people are really seeing the future, because we are all so wrapped up in ourselves, and getting our's, that we are not paying attention to what is actually going on with this country, and the direction we are headed.

Just because "Congress enacted a law that states this country can no-longer legally go into "Depression", doesn't mean it's not going to happen!!!

There are many who will shout at the top of their lungs that I am a lunatic about this, but I will just tell you quietly to "mark my words" we are going to go into a depression, unless we can find a way to re-establish the middle class.

Good Lord, Ford Motor Company reported a 2.7 billion dollars loss last years yet they paid their CEO
Allen Muhally (check that name for spelling) not only his 2.4 million dollar salary, but gave him bonuses totaling more than 24 million.
During that same period Ford eliminated more than 48,000 hourly workers.

Where are the people making decent wages going to serve pizza for the kind of money they were making building cars?

I just realized just how dog-gone mad I am at wallstreet, the government , but most of all the american people for allowing such idiotic things to happen to this once great country!!

We are letting our sons and daughters die for "OIL BARRONS" and wallstreet carpet baggers.
Not for saving any Iraqi people !!!!!!!!!!!!!!!!!!

Wise up america, get a clue!!!!!!!!!
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cowsgonemadd3
post Apr 7 2008, 10:49 PM
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Did anyone see the thing on 60 minutes this past sunday on how we are like reliant on Chinese investors? The post above reminded me of that and I wondered what others thought if they saw it.


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unjustjohn
post Apr 8 2008, 08:36 PM
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Sure did !
It amazes me how throughout the decades following world war two, we have been fighting the cold war with all communists, and now we are climbing into bed with them.
I kinda get the feeling that in our zeal to be friends to the whole world, we are letting the fox into the hen house, and owing him dinner!
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Sphinx
post Apr 9 2008, 08:31 AM
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Really, the fact that we're heading into a recession isn't a big surprise. If you look throughout history, there is typically a recession about every 20 years or so, give or take. If I remember correctly, we had a recession in the early 90's, so it's predictable that we're heading for one now.
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