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Re: Economy- How can it improve with out


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Posted by Rick(MN) on January 26, 2009 at 18:41:14 from (97.116.147.133):

In Reply to: Economy- How can it improve with out posted by Dave from MN on January 26, 2009 at 16:33:43:

A lot of valid points made here, also a lot of fair one and some not so fair. The common theme seems to be that it's someone else's fault...evil George Bush, the evil corporations, ect. What continues to amaze me is how seldom the finger gets pointed to us as a society. We live in a "I want it and I want it NOW" society. We are no doubt in a slow economy. I'm no economist, but I see it getting worse before it gets better. By historic standards, unemployment is still relatively low. I suspect we are going to have to get up in the 11% area before it turns around. I'm also amazed by the money still being spent in eating and drinking establishments. I also get a kick out of seeing how many "wants" versus "needs" are still in peoples shopping carts these days. All I can gather from that is perhaps there are a lot of people paying for luxuries as opposed to mortages. I'm not a wise old man by any means, but in my lifetime I have seen the economy go up and down, each time people thinking its the end of the world. As for jobs, I have to agree that it does not seem right that so many jobs have left the country and precious little seems to be made here anymore. That being said, dont forget that during the Great Depression, almost everything was made here and to date, that is the worst economical period of our history. Therefore, while not making things here is one of our problems, changing that isnt a magic bullet. There is more than enough blame to go around...most of it beyond our control. Personally, I too have been saying this has been coming for awhile. Not because of who was in office, but simply because of the fact that the economy had been too good for too long and I'm a big believer in life being like a pendulum, first on way then the other. Like most, I'm not going to make as much as I had in the past, but I now have it coming from different sources as opposed to being dependent on just one or 2 sources. The economy will come back just like it always has before, it's just going to take longer this time than it has in the past. Sorry this got so long winded.


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