Are We Heading For Another Recession?

[Yavin4]

Job growth is dismal. Energy prices are skyrocketing. Inflation is rising. Interest rates are rising. Incomes are down. Consumer spending is in decline. The markets are at their year lows. Uncertainty, not freedom, reigns in Iraq. And growth was pared down to 3.0% from 3.8% in the second quarter of this year. Add these things up, and I see another recession starting in the last quarter of this year.

Any other thoughts?

[brokensymmetry]

1. Recession? Sure. At least.

Oil is up about 38% from year ago prices. The budget deficit is out of control. The international trade deficit is likewise. We have expanded military costs, and I wonder when (and if) they'll ever come down.

Add in that the mortgage refinancing boom has largely run its course, especially if Greenspan increases interest rates.

Oh, and about those jobs - the outsourcing of jobs is not only continuing, it is accelerating.

Truly, I hope its only a recession.

[Peak_Oil]

3. I agree, and maybe amplify.

This is going to suck. Boomers, your retirement plans are going to have to change. I have a funny feeling that retirement date and life expectancy are going to correlate much more closely than they have in the past.

Twenty years from now, this will be a very tough world. I don't think it matters very much who gets elected president in this next election. If we get Bush, it will accelerate the decline. If we get Kerry, we're still up the suburban cul-de-sac in a cement SUV without a fillup.

The value of an education is eroded by the exportation of our knowledge jobs to other countries. The value of our labor is eroded by allowing an enormous influx of immigration. The value of our investments are eroded by the ability of insiders to loot their companies.

Well, we had it really good for 50 years. It'll be back to 2nd or 3rd world status for the US soon, and I'm really sad that this is probably going to be the case. I'd defy anyone to explain to me how we're going to pull out of this mess with our pants on. Think 20 years, not the next two fiscal quarters.

[BiggJawn]

7. My retirement plans aren't going to change.

I'll still be selling scrap cans or what-not to pay my rent and eating cat food and heating/lighting with a slush lamp full of grease stolen at great personal risk from behind the pub where only wealthy Republicans can afford to eat fat steaks ("Hey! Get outta that grease! That shit's worth MONEY! I'll have the LAW on your old ass!")

That's if I haven't long since said "Fuck this SHIT" and put memory stuff and clothes in the panniers on my bike and pointed the nose South. Should be fun trying to LEAVE this country...

[Geo55]

11. I prefer DOG food....thanks...but that will be expensive an' scarce too

[BiggJawn]

12. There's always road kill....

Hey, solves another problem...Overcrowding in the animal shelters "Boy, you must really love dogs, that's the fifth one you've adopted this month!"
<sarcasm and irony>

[democratreformed]

2. IMO, we've been living in "recession" for quite some time now?

When did we supposedly come out of it? What we are headed for, IMO, without some of the HELP that Kerry is offering, is a full-blown DEPRESSION. That's what I've been thinking for at least two years now.

[Nikia]

10. I thought that too

Haven't we been in a recession for a couple years now.

[BiggJawn]

4. No.

A depression, yes, but a recession? Aren't we already in one, and Alan Pondscum is the only reason we don't call it such?

What happens this winter with $100 a Bbl. Crude, and people can't pay their $500 a month heat bills, nor afford to drive to work at $6 a gallon (DON'T say "walk", it's not an option in February around here)

[tridim]

5. "Miserable failure" is too nice

More like "Super double-plus colossal failure". Everything this idiot has touched has turned into a steaming pile of shit. I'm just about ready to make a bumper sticker that reads, "If you vote for Bush you're a complete idiot". Screw the redneck backlash.

[Der_Alte]

6. possible recession

I'm not an economist, & my mother & father were legally married, but we hear that car sales arein great danger of tanking. I've observed a good many of these weak economic periods & I never saw car sales go south unless there was an accompanying recession or one followed soon after.

There just doesn't seem to be anything out there that represents a bottom or a floor or that could jump start things, & my guess is, if Kerry gets in, he's in for real problems.

Understandably, Joe Lunchbox can't grasp that a monster national debt imperils him, but it is showing with creeping inflation etc. & you just can't pull the kind of $$ out of the economy that the dotcom collapse did, (wiped out 401K's, retirement pkgs,) then lay heavy fuel prices on top, and an out-of-control military budget, & not have something give way.

Cheers. :wow:

[shraby]

8. Last I saw about the cars is that

there are 3.5 million of them sitting on lots unsold. The only reason there wasn't a depression in the '80s and now is because of unemployment checks, welfare, and social security checks..the three safety nets against a full depression.

[HuckleB]

9. An effective one, anyway.

The official definition of recession is meaningless today.

[mountainvue]

13. You'd think the Saudi's would

help their good friend Bush by pumping more barrels.

[rucky]

14. did we ever leave the last one?

we've been in recession since 2001

[toledoteamster]

15. Not if the company I work for is any indication

Holy smokes we have been busier than the dickens since the beginning of last year. The company's biggest problem is finding good help that is motivated, show up to work on time, willing to work, and can pass the drug screen. Heck we're making almost $75,000 year as drivers and they have 6 trucks sitting against the fence. I look in last weeks Sunday paper and there were 78 companies advertising for similar positions. I think (more I HOPE) this will continue for a while

[seabeyond]

16. i am seeing companies starting to spend money

employee issue, i agree, where we have a tough time. but our greatest source of frustration is to get these large companies to pay what they owe us. they may be giving us business but they suck at paying their receivables

[toledoteamster]

17. I agree......

Our company does a great job of communicating more than just practices and procedures. They keep us informed on a lot of things. Their customers get backed up in paying as well. We can usually see when that happens because they tighten up the belt at work to hold costs down. As soon as their customers get caught back up then it returns to a little more casual environment

[LuCifer]

18. I thought we already WERE in one!

Good lick trying to find a job kids...

"OH BUT THE EconOMY IS SO GREAT!" Yeah, I sure as hell wouldn't want to see these wing nuts idea of a BAD economy!!!

Lu Cifer, reminding you to pick up a copy of, and READ, Larry Flynt's "Sex Lies And Politics"!

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More stations coming soon, so DON'T believe the rightwing bullcrap HYPE & LIES...because THAT'S ALL IT IS! Air America isn't going ANYWHERE! Except right to #1 in every last market! ESPECIALLY
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Listen to Neil Rogers weekdays 10 AM to 2 PM on Miami's
WQAM AM 560 or via the net http://www.NeilRogers.com/Listen
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http://Contribute.JohnKerry.com -- DONATE TO DEFEAT BUSHitler! Even if it's $1! EVERY LAST BIT *DOES* MAKE A DIFFERENCE! Even if you can't
vote for whatever reason, you CAN HELP GIVE BUSHitler HIS UNEMPLOYMENT NOTICE! ALSO, GET OTHERS TO AS WELL PLEASE!

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http://www.RockTheVote.com -- REGISTER TO VOTE ONLINE! IT WILL ONLY TAKE A FEW MINUTES! GET EVERYONE YOU CAN TO, AND GET THEM TO VOTE
NOT ONLY FOR JOHN KERRY FOR PRESIDENT, BUT, MAKE DAMN SURE THEY VOTE ***ALL DEMOCRAT*** ON NOVEMBER 2! WE MUST SEND THESE RIGHTWING TROLLS
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http://www.PunkVoter.com a GREAT site!

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http://www.TheRandiRhodesShow.com -- Official site, tons of articles, links & MORE!

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Still more great sites:

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"All Laws Which Are Repugnant to The Constitution Are Null And Void"
-- Marbury Vs. Madison 5 US 137,174
http://www.restoringamerica.org/documents/marburyVmadison_text.html

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"To announce that there must be no criticism of the president, or that we are to stand by the president right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." -- Theodore Roosevelt

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From The US Declaration of Independence:

"That to secure these rights, Governments are instituted among
Men, deriving their just powers from the consent of the governed,
-- That whenever any Form of Government becomes destructive of these
ends, It is the Right of the People to alter or to abolish it, and
to institute new Government, Laying its foundation on such principles
and organizing its powers in such form, as to them shall seem most
likely to effect their Safety and Happiness.
"But when a long train of abuses and usurpations, pursuing invariably
the same Object evinces a design to reduce them under absolute
Despotism, it is their right, it is their duty, to throw off such
Government, and to provide new Guards for their future security."

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The 1st Amendment of the United States Constitution:

"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."

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IT'S...AN FCC/CHEAP CHANNEL/RIGHTWING NAZI BEATDOWN!!!

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