New recession begins next year

  • metta

    Posts: 39107

    Jun 24, 2011 8:58 PM GMT

    New recession begins next year

    http://www.marketwatch.com/story/new-recession-begins-next-year-shilling-says-2011-06-24

    If this is true....Obama is really going to have a tough time getting re-elected.
  • CuriousJockAZ

    Posts: 19129

    Jun 24, 2011 10:37 PM GMT
    Nothing against Obama...I think he's doing the best he can. However, I sense that he will have a tough time getting re-elected regardless of what happens with the economy. Lots of anti-Obama sentiment out there these days, and it's not likely going to be a cake walk for him to get another 4 years. Americans are a fickle bunch --- One day they love ya, the next they are ready to throw ya out with the bath water.
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    Jun 24, 2011 11:08 PM GMT
    CuriousJockAZ saidNothing against Obama...I think he's doing the best he can.

    Interesting comment I wouldn't have expected from you, to which I agree. And BTW, hunky new main pic you have, hadn't seen it before. You will earn many new admirers with that pic, I promise you. icon_biggrin.gif
  • Webster666

    Posts: 9217

    Jun 25, 2011 2:22 AM GMT
    CuriousJockAZ saidNothing against Obama...I think he's doing the best he can. However, I sense that he will have a tough time getting re-elected regardless of what happens with the economy. Lots of anti-Obama sentiment out there these days, and it's not likely going to be a cake walk for him to get another 4 years. Americans are a fickle bunch --- One day they love ya, the next they are ready to throw ya out with the bath water.



    A) It's hard to beat a sitting President
    B) So far, the Republican candidates look like losers
    C) There's a long, long, time before Election Day 2012
    D) President Obama comes across as an intelligent, competent, likable, leader.
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    Jun 25, 2011 2:31 AM GMT
    I wouldn't count my chickens before they hatch. Bush was the most hated man in America when he got "elected" the second time.
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    Jun 25, 2011 2:50 AM GMT
    Politicians need to be pro-active not re-active. If a country's economy is going through a rough patch they need to be the ones looking for, and creating solutions.
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    Jun 25, 2011 2:55 AM GMT
    We've heard this kind of negative talk before.
    There have been predictions that the recession would do a double dip repeatedly over the last couple of years.

    I'd say we've seen VERY clearly that the economic "experts" really don't know wtf they're talking about.
    Both the ones who say things will be great in a year or two, and the ones who say that things won't be.
  • BIG_N_TALL

    Posts: 2190

    Jun 25, 2011 2:56 AM GMT
    ugh icon_sad.gif
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    Jun 25, 2011 3:05 AM GMT

    Why Obama Is Likely to Lose in 2012

    http://online.wsj.com/article/SB10001424052702304657804576401653113017130.html?mod=ITP_opinion_0
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    Jun 25, 2011 3:12 AM GMT
    socalfitness said
    Why Obama Is Likely to Lose in 2012

    http://online.wsj.com/article/SB10001424052702304657804576401653113017130.html?mod=ITP_opinion_0



    LOL
    Karl ROVE.
    As if anyone with a lick of common sense would take anything he says to be anything other than the propagandizing of a hard right-wing partisan.
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    Jun 25, 2011 3:33 AM GMT
    It's not that a "new" recession is beginning "next year," it's that the recovery was a lie, and the old one never ended, which makes it a *drumroll please* ... Depression! In fact, this is going to be the Greatest Depression in human history, and will likely leave a dark scar through the decade.

    The same thing happened in 1929, with the stock market crash. In 1931, all the mainstream economic publications and pundits and officials were declaring the "recession" to be "over." Two years later, in 1933, the world was in the depths of the Great Depression. Then of course we saw the rise of the far-right fascist states, which is of course already taking place in many places in Eastern Europe and increasingly in Western Europe as well.

    The bailouts were not designed to solve the crisis, they were designed to save the banks from their own global folly. The mechanism was in debt exchange: governments bought the bad debt of the banks (bailout), and now YOU have to pay that debt through a rapid reduction in your standards of living (fiscal austerity measures).

    What makes this a greater depression than that of the 1930s, is that the world is more heavily integrated and dependent upon the United States and its teetering monetary system (hence the moves to create a new global reserve currency through the IMF - Standard Drawing Rights); the major nations of the world are more indebted than ever, and as we see in Greece, Spain, Ireland, Portugal, etc., the debt crisis (like that of the 1980s) will spread rapidly, except this time it is spreading through the industrialized world, bringing the major nations of the world to their knees before the current and changing international and supranational institutions (the IMF, World Bank, EU, BIS, WTO, etc.), just as the 1980s debt crisis brought the Third World to its knees and under the "ownership" (or what political economists refer to as "supervision") of the IMF and World Bank.

    Debt is slavery, and the world is shackled to the central banks (and the private banks that own them). Just as the outgoing Managing Director (and possible rapist) of the IMF, Dominique Strauss-Kahn stated last year, "Crisis is an opportunity," and then called for "a new global currency issued by a global central bank, with robust governance and institutional features."
    http://www.imf.org/external/np/speeches/2010/051110.htm

    Another major difference between 1929-1939 and 2008-? is that the middle class was not so heavily indebted as it is now. There was no such thing as credit cards, mortgaged backed securities, student debt, etc. The middle class, hence, is finished, totally vaporized (just as was done throughout the Third World in the age of 'structural adjustment').

    As the people become impoverished, social unrest accelerates (look at Greece, Spain, etc.), and governments become increasingly oppressive and militaristic. In such situations, major nations become increasingly war-mongering, just look at the United States today, running several major and some minor war theatres and occupations in: Iraq, Afghanistan, Pakistan, Yemen, Somalia, Libya, and now it looks like Syria is next and Iran isn't far behind. This situation, as it accelerates, will likely draw China and possibly even Russia into conflict with the US/West. It was World War II that got the world out of the Great Depression, and though the nature of war has changed in that it does not require a massive mobilization of the population (and thus, create an economic boom), it does remain a reflexive action of desperate politicians and military commands.

    Further, 'Homeland Security States' are well in place, not to protect the people from "terrorists", but to protect the powerful from the people. If you actually look at what Homeland Security does, (and if you examine the largely unheard of "Fusion Centers"), you can see that "terrorists" are essentially defined as dissidents. Fusion Centers, of which there are roughly 35 around the United States, are local intelligence gathering and dissemination hubs, brining together the Department of Defense, Homeland Security, CIA, FBI, NSA, etc. (hence "fusion"), and collect intelligence and provide local authorities (police, etc) with "information". They have published several reports on how to identify radicals and terrorists, and among those identified are those who: support Ron Paul, support Cynthia McKinney, oppose the Federal Reserve, talk about a "new world order", talk about a "north american union", anti-war activists, environmental activists, etc.

    Thus, dissent becomes treason, as it does in any society when it takes the path to totalitarianism.

    This is why they LIE to you and tell you that there was an economic "recovery", when it was anything but. So we aren't waiting for a "Second recession," we are just waiting for people to actually wake up and realize we are in a Great Depression.
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    Jun 25, 2011 3:39 AM GMT
    Bush's fault!
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    Jun 25, 2011 3:48 AM GMT
    Interesting read and table

    Ten Major Differences between the Great Depression and Today’s Great Recession

    http://www.wealthvest.com/blog/wade-dokken/4191/
  • CuriousJockAZ

    Posts: 19129

    Jun 25, 2011 4:18 PM GMT
    Webster666 said
    CuriousJockAZ saidNothing against Obama...I think he's doing the best he can. However, I sense that he will have a tough time getting re-elected regardless of what happens with the economy. Lots of anti-Obama sentiment out there these days, and it's not likely going to be a cake walk for him to get another 4 years. Americans are a fickle bunch --- One day they love ya, the next they are ready to throw ya out with the bath water.



    A) It's hard to beat a sitting President

    Agreed...Though it has been done before.


    B) So far, the Republican candidates look like losers.

    "Losers" according to who? The campaign has barely even begun



    C) There's a long, long, time before Election Day 2012

    Agreed. A whole lot can change in 16 months.


    D) President Obama comes across as an intelligent, competent, likable, leader.


    I agree. But that is a matter of opinion. Unfortunately, millions would beg to differ.

  • CuriousJockAZ

    Posts: 19129

    Jun 25, 2011 4:22 PM GMT
    rickrick91 said

    LOL
    Karl ROVE.
    As if anyone with a lick of common sense would take anything he says to be anything other than the propagandizing of a hard right-wing partisan.



    Yes, that's right, RickRick. Karl Rove doesn't know anything and does nothing but spew propaganda. YOU on the other hand -- sheer political genius icon_rolleyes.gif
  • rnch

    Posts: 11524

    Jun 25, 2011 4:36 PM GMT
    i would hardly consider any OPINION piece by this GOP spinmeister (karl rove) an accurate forcast of future economic conditions!

    this man has "an ax to grind" and has done so in the past all the way down to the handle of said ax.


    icon_exclaim.gif
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    Jun 25, 2011 5:20 PM GMT
    rnch saidi would hardly consider any OPINION piece by this GOP spinmeister (karl rove) an accurate forcast of future economic conditions!

    this man has "an ax to grind" and has done so in the past all the way down to the handle of said ax.

    icon_exclaim.gif

    Rove has also said things that displeased some in the GOP, such as predicting when certain candidates didn't have a chance. He was right, and his prediction delighted some liberal RJ members. He's is an excellent numbers guy, analytical, and calls them how he sees them. Will bet one thing - Obama's reelection team takes Rove's predictions very seriously to help plot their strategy. RJ liberals, on the other hand, don't need to think about his analysis at all. Actually, they don't need to think about anything. Just knee-jerk reactions without thinking. If the source is to the right then bad, if to the left, then good. Very simple life you guys lead.
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    Jun 25, 2011 5:54 PM GMT
    If you think Bush was too stupid to do all that evil shit while he was president, you're right. He was just Rove's puppet. http://www.bushsbrain.com/