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Economic Derpression of 2001

crashnet said:
RyanH, the stock market started tanking in March 2000 and was down 40% when Clinton left office. Bush is now starting to clean up the mess Clinton left him with.


The only thing he is cleaning up is after his daughter. I guess drinking runs in the family. You let me know what exactly he is doing to clean things up, and how he is doing it? Also let me know what he is cleaning up after besides his daughter.
 
fistfullofsteel said:



The only thing he is cleaning up is after his daughter. I guess drinking runs in the family. You let me know what exactly he is doing to clean things up, and how he is doing it? Also let me know what he is cleaning up after besides his daughter.

What's he cleaning up? How about a 40% drop in the stock market that Clinton left him. Or how about 8 straight months of job lossess in the manufacturing sector that Clinton left him. Or how about the energy crisis that Clinton left him. I could go on.

What's GW doing to fix it? Well he's only been in office for about 6 months and he's already signed the largest tax cut in history.
 
FrankRizzo said:
Social Security checks will stop being issued - the government will no longer have the resources to provide funds

GOOD! that little piece of socialism was doomed from it's get go. This will be one good thing that is produced by the recession. Maybe once people have this money back in their take home pay they can invest it in the PRIVATE sector and the economy will be boosted as a result. [/B]

No, we'll be paying for more groceries cause elderly Mom and Dad are now camping out in our living rooms.
I'm very happy to pay social security if it means my Mom doesn't move in with me!
 
crashnet said:


What's he cleaning up? How about a 40% drop in the stock market that Clinton left him. Or how about 8 straight months of job lossess in the manufacturing sector that Clinton left him. Or how about the energy crisis that Clinton left him. I could go on.

What's GW doing to fix it? Well he's only been in office for about 6 months and he's already signed the largest tax cut in history.


First of all show me the numbers of 40%. Then tell me how it benefits the economy by having a tax cut that mostly benefits the rich.
 
Not Too Worry John937

No, we'll be paying for more groceries cause elderly Mom and Dad are now camping out in our living rooms.

Jack Kevorkian for Surgeon General. He'll take care of them.
 
I didn't read all the posts but no matter what the economic situation is at any particular time there are always these 'doom and gloomers' feeding on the feelings of the frustrated and downtrodden for their own financial benefit. I've heard this stuff from dozens of different people for the past decade and everyone of them creates a new scare tactic every year or so to keep or get new 'disciples'. First it was the downfall of communism putting nuclear missles in the hands of rogue nations and terrorists, then the collapse of social security, the Clinton ruination of the economy once elected, then the War in Kosovo/Baltic was supposed to embroil us in WW3, and then Y2K...this stock market correction is fuel for their fire now

The only thing that I know for sure is that under a fiat money system that the U.S. has now, the dollar WILL eventually become worthless and we will go bankrupt...10,20, 50 years who knows, but it will happen
 
Um boys, why are we seriously discussing a op/ed article pulled from the WEEKLY WORLD NEWS?????????????? Weren't we supposed to have gone through a new ice age last winter or something? After the aliens put us into global slavery?

I agree with Milhouse. We're in a recession, it'll probably stick around for a while, but it'll eventually pull out (if president hoover, um bush, doesn't manage to fuck things up too badly.)
 
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