Welcome to the IHoP

[KU40 173]

i dont think the economy will ever go back to what it was in the beginning, to many jobs are moving over seas for it to be the same.

That's just how capitalism works. It rewards those who can find lower input costs to create larger profit. But I must ask, when was the "beginning?" In the 90s when the economy flourished for the most part? The reason it did was because businesses were discovering those lower costs of overseas manufacturers. So really that was the beginning of the problem, not of the good market. And we had recessions/downturns in the 80s and 70s.

My point is the market has always had problems, and it has always evolved from it. We've been in this position several times before. I think it will evolve from this problem just fine as well. At least for a couple more years, until the next problem comes.

[KU40 173]

And it's not like the US is alone in this.

England: Current unemployment 8%

France: Current unemployment 9.8%

Germany (7.7%) and Spain (18.3%):

Japan and China are at 5.3% and 4.4%, respectively (though china's is likely at least 9-10% because their government just conveniently decides to not count some people). Brazil is 8.1%. Unemployment in the entire eurozone is about 9.7%, not that much different than US. Some countries were hit harder by unemployment, just like some states were hit harder in the US.

However, I think you have to take into consideration that many of these countries came out of the recession months ago, some even in the 2nd quarter. Their unemployment numbers peaked around August and are now falling. I think the US was just hit so hard because it is such a financial center for the whole world that when a financial disaster occurs, it is the last to recover. But, like many reports out of those countries, the US's manufacturing, housing, etc. reports have been getting better for the last weeks or months.

[Penguin4x4 1,761]

to be fair, continental Europe has high unemployment rates to begin with,

[Penguin4x4 1,761]

The Patrick administration is pushing through a plan to spend $9 million in federal stimulus money to build a walking bridge connecting parking lots on either side of Route 1 near Gillette Stadium. The lots belong to Robert Kraft, owner of the New England Patriots, who is tied for number 468 on Forbes Magazine’s list of the world’s billionaires.

State officials decided to bypass a host of projects across the state - including road rebuilding projects in Canton, Danvers, Braintree, and Bellingham - to build the footbridge.

[Penguin4x4 1,761]

high taxes too

[Adrian_D 520]

http://www.retrojunk.com/tv/videos/10-the-transformers/10/#intro

[Adrian_D 520]

to be fair, continental Europe has high unemployment rates to begin with,

Agreed.

[Adrian_D 520]

high taxes too

Ya don't say

[Tmax98 3]

my beginning is in terms of this recession

[topgun 262]

Beautiful day out here. Its 73* and calm, absolutely wonderful.

[topgun 262]

Have a pork loin in the fridge that is going to get sliced up and put on the grill tonight for supper, the woman is coming into town, just a good day.

[Adrian_D 520]

Beautiful day out here. Its 73* and calm, absolutely wonderful.

Haven't converted the temp but it has been very very nice out today. Not a breeze and warm for november.

[Adrian_D 520]

Alone in the chat room. Boo.

[KU40 173]

my beginning is in terms of this recession

I would hope that we will never go back to how the economy was at the beginning of this recession. People were spending something like 102% of their incomes. That's just dumb and not sustainable at all, and nothing how I figure a good economy to be.

[KU40 173]

to be fair, continental Europe has high unemployment rates to begin with,

Agreed.

Well, nothing I can say about that. My knowledge of continental Europe economies is limited.

[nem 2,019]

Penn State looks shitty so far.

[Tmax98 3]

my beginning is in terms of this recession

I would hope that we will never go back to how the economy was at the beginning of this recession. People were spending something like 102% of their incomes. That's just dumb and not sustainable at all, and nothing how I figure a good economy to be.

very true

I'm talking about jobs in general, all the big companies who have moved over seas.

[mjmarovi 8]

not saying this is the be all end all, but many problems start when the cyclical economy goes into a small decline and government attempts to step in telling everyone if they don't things will get way worse, and then by government stepping in and trying to make radical changes it only prolongs and worsens the the state of the economy. In the past we have always risen again, and I believe we will again, and the main reason we will is because most people do believe this. My problem is I hate how present administration is trying to use fear and desperation to make many political moves that severely counter the founding beliefs and practices on which the United States was founded.

the entire world is basically in a recession, but for many years we have been the focal point of the world's economy, and if we faulter the world faulters, but if anything being the world financial power, which our position is absolutely slipping from being the worlds power, we would be the first to climb out of the recession and the rest of the world would follow. My problem is the moves our country's leaders are taking are the wrong moves and if continued will take us from the world power we are and turn us into a struggling, more social country such as russia.

We came out of WWII because of ambition and and capitalism. And since then the countries that have more closely followed suit and continue a path closer to capitalism have proven to be more successful. Japan and China continuously make moves further from socialism and it shows. Other countries and many european countries have faultered from their positions of power as they move closer to socialism.

History proves that a more capitalistic way has always been more successful, and after rising to success, a tyrant and or leader seeking more central power has destroyed their country and put them far behind the world.

[Aaron Clinton 2,372]

All kinds of win for today.

[jcarter1885 995]

Man I was starring at that picture for like two minutes like what is he talking about but nice license plate (I bet he had that made like that but it would be hilarious if thats the random letters they picked for him).

[Tmax98 3]

All kinds of win for today.

thats awesome!

[Aaron Clinton 2,372]

Cropped cell picture, but it gets the job done.

[Aaron Clinton 2,372]

60mph, 2100rpm.

[///M5 2,833]

Have a pork loin in the fridge that is going to get sliced up and put on the grill tonight for supper, the woman is coming into town, just a good day.

pork the one you love

[///M5 2,833]

drove an X5 and a ML550 today.

The Bm'er is too much of a truck the ML is a shit box