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A Recent History of the US Economy

If you can`t spot the lies, you ain`t got no eyes!

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15 Comments

Current View: 15 / Show all Comments

Danielnator : LVL 42: VP 5: said:

Danielnator

9 votes NegativePositive

142 days 7 hours ago...

Honestly hearing these people talk makes me think that they just simply don`t know what they are doing. Really they just repeat what the interviewer says and that`s how politicians operate but Paulson and Bernanke are supposed to be economists, so shouldn`t they operate on more than just PR. I think everyone knew Bush is an idiot but you still elected him twice and it was all fun and games but really the whole system is fucked now and there`s no way out.

Rekon : LVL 31: VP 4: said:

Rekon

11 votes NegativePositive

141 days 20 hours ago...

Im an Englishman teaching English in Paris, France and last Wednesday I heard an american teacher talking about the USA. She maintained that she was there because back home she got only 2 weeks holiday and could be fired at any time. In France the basic CDI work contract ensures 5 weeks per year and protects the employee from being fired..infact it`s quite difficult to fire teachers from our company, as is the norm. And of course the public healthcare is excellent, with things like %75 of prescription glasses paid by the state, and a further %12 by the company healthcare plan.
Downside? High taxes and the freak`n unions can cause misery with the public transport. I hate that, but they`re strong, and that`s healthy.
Whats my point? I`m beginning to think that middleclass employees in the USA have a really raw deal. What`s happened to your unions?

Rekon : LVL 31: VP 4: said:

Rekon

4 votes NegativePositive

141 days 20 hours ago...

PS that Cramer guy looks so snivelly, meek and treacherous... like some kind of corp-whore money gollum. I enjoyed watching him getting his due on the daily show.

blue_devil : LVL 42: VP 5: said:

blue_devil

0 votes NegativePositive

141 days 9 hours ago...

hehe Bill Hicks
http://www.youtube.com/watch?v=eR3KwODDzeY

Tyvalius : LVL 30: VP 3.9: said:

Tyvalius

-4 votes NegativePositive

140 days 6 hours ago...

Democrats and Republicans. They all have 1 thing in common. JEW Money

roflninja : LVL 31: VP 4: said:

roflninja

8 votes NegativePositive

140 days 5 hours ago...

And thus begins the New World Order....

arville : LVL 29: VP 3.8: said:

arville

6 votes NegativePositive

140 days 4 hours ago...

With the US currently owing China close to $800 billion dollars and growing, I would like to say to Americans :

GET READY TO GREET YOUR NEW CHINESE MASTERS BITCHESSSS!!!!!!!

U.S.A.P.C. - United States of America Property of China

SnakeIRye : LVL 39: VP 4.7: said:

SnakeIRye

1 votes NegativePositive

140 days 2 hours ago...

Rekon: We get two weeks vacation if we`re lucky! At my last "good"(american society standard) job, I got 5 days. I haven`t worked at a walmart or retail store, but I wouldn`t be surprised if they didn`t get anything.

imadazol : LVL 29: VP 3.8: said:

imadazol

5 votes NegativePositive

140 days ago...

I remember back in `97 when I was in college I had classmates day trading on computers in lab class. I could tell something was wrong cause they didn`t really know what they were doing...but damn...they did trade after trade. When I learned back then that 80% of day traders lost money it was a good lesson about money, markets, and people. Same thing happened with the housing bubble. Common sense should have told people that houses were overpriced and they couldn`t afford them, but they bought anyway (although blaming the housing market for the current problems is a red herring). You can only blame government and corporations so much though...at some point you really need to sit someone down and say what you did was stupid.

Arangaras : LVL 39: VP 4.7: said:

Arangaras

1 votes NegativePositive

139 days 22 hours ago...

I have two issues with this video:

1. Bubbles of any kind are notoriously difficult to identify. It`s like asking if there will be a hurricane in 300 days.

2. The reason for the collapse of the housing market is more than just expansive monetary policy ("low interest rate"). See Professor Robert J. Shiller`s (Yale University) book "The Subprime Solution" chapters 2 and 3 for a more detailed description of the reasons behind the collapse.

th3d00d : LVL 37: VP 4.5: said:

th3d00d

2 votes NegativePositive

139 days 21 hours ago...

Well done America, for crippling the global economy. Don`t forget, the whole world is feeling the repercussions of the Bush administrations lies.

jas0n78 : LVL 24: VP 3.3: said:

jas0n78

3 votes NegativePositive

139 days 20 hours ago...

i wish they would cite some more sources for some of their data...true unemployment is 20%? how do you know that? if that`s true then this will most likely be even worse than the great depression.

Dennis_aap : LVL 34: VP 4.2: said:

Dennis_aap

1 votes NegativePositive

139 days 19 hours ago...

Time for a revolution

velocity73R : LVL 39: VP 4.7: said:

velocity73R

3 votes NegativePositive

139 days 16 hours ago...

^^jasOn78, the only source you need to know that unemployment is at least twice that of the Government numbers today, is to look at the way the Government calculates it..In the Great Depression if you had a part time job, you were not employed. But today we include part time now as employed, as well as many other variables that were not included in the 30`s calculation.[Remember also, most women in the 30`s stayed at home, but today, if your wife delivers the newspaper it`s considered another employed person in the Gov`t data] So, if you actually use the same process they did in the 30`s to calculate unemployment, we would easily be double the our *FAKE* unemployment numbers..Just like GNP[Gross National Product] used to be calculated on the manufacturing base, exploration, etc..Since the US gave it all away to China, they changed it to the GDP[Gross Domestic Product], which is made up of things like Credit Card Debt, Housing Debt, etc...It`s a play on statistics and words. Joke : 2 students were walking on campus, when one of them spotted a piece of dog shit. The one bet the other a $million dollars if he ate it, not thinking he would. But the other student thought about it and came to the conclusion it was worth it. He ate it, and promptly asked for his million dollars. The student that made the bet said he`d have to wait to put it on credit. The next day they came accross another piece of dog crap, and the student said, if you eat that I`ll wipe your debt clean! Feeling relieved he could get off the hook of the million dollars, he quickly ate the shit. Once they got to class, they told their professor of what had transpired, and he jumped for joy, `You boy`s just contributed 2 million dollars to our GDP, congratulations!`...

knivestv : LVL 32: VP 4.1: said:

knivestv

-1 votes NegativePositive

139 days 15 hours ago...

When we were all spending hard, the economy was rocking.
While the news reported that the economy was booming, and these guys told us nothing was wrong, we kept buying things and life continued to be good.

As soon as the news told us we were heading for a recession, everyone stopped spending/buying stuff for fear they may soon lose their jobs.
The recession inevitably followed at an alarming rate, fuelled in a big way by consumer spending dropping rapidly once the story took a grip across news networks.

So who`s fault is it really?

Personally I blame the news. I don`t watch it regularly and my life is much better for it. When you watch it every day, it does start to control the way you think, the way you act and the things you talk about.

Have a week off for a change, and see how you feel :)

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