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The U.S is 'Officially' in recession. You may now officially feel depressed.
US,recession,official U.S 'Officially' in Recession: Dow Drops 680 Points
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Thanks Republicans!
Your wisdom and foresight have done it once again.
The part I don't get is where did all the money go? A monetary economy is based on the movement of money, and when the economy stagnates like ours is doing, it's because no money is moving. So like I said, who the hell is hording all the frigging money?
I blame the poor people. How dare they not contribute to the economy by buying more shit! The economy would turn right around if everyone would do their part and spend their money on big ticket items they don't need. Forget feeding your family, buy a bigger TV. Don't pay that utility bill, buy a Hummer!
The part I don't get is where did all the money go? A monetary economy is based on the movement of money, and when the economy stagnates like ours is doing, it's because no money is moving. So like I said, who the hell is hording all the frigging money?
The banks.
They are waiting for all the toxic credit, made by home-loan defaults en` mass, to dry up and die before they start lending again.
Who will liberals blame then? They'll be running all 3 branches, higher education, lower education, the courts AND their shill media.
Through all of it, the massive failure that is socialism will shine like chrome at noon.
P.S. The economy sucks because no one knows what stupidity the ever-too-big Federal Mafia will do next, so investors wait on the sidelines.
If the Federal Mafia really wanted to help, they'd shut their traps, end all bailouts, slash taxes and step aside. But they never will, because that's not what parasitic thugs seeking their cut of the take do.
*starts digging trench at 49th parallel*
The banks.
They are waiting for all the toxic credit, made by home-loan defaults en` mass, to dry up and die before they start lending again.
Look into how the reserve banking system in run and you'll see that the banks are only required to have 10% of the money they lend out as an asset. They make the remaining 90% up out of thin air, so the banks hording money doesn't make sense.
And if you're going to bring up the defaults on the home loans, it should be pointed out that the majority of the people that defaulted were making their payments before the lenders jacked up their interest rates.
Hey QM, you do know that the "conservatives" enacted the largest increase in government since the New Deal, right?
Unless you voted for Ron Paul, stop bitching about big government.
All you have to do is look at Europe to see that the right kind of socialism works just fine.
Why doesn't the US gov't just bail itself out? See...it doesn't work.