goods pile up in as ression nears - worst since the 1930s? (merged)

[Mr. P]

So you think its just the consumer holdig back for sales?

That is all this forecloseur, inventory glut is huh?

The lenders made stupid sub-prime loans.

[darin]

The lenders made stupid sub-prime loans.

Yeah, it's all Bush's fault.

[Mr. P]

Sub-primes were being made before Bush.

[mrg666]

I think it's a little sad people have (no pun intended) bought into the lie we have to 'buy stuff' for people, simply because it's Christmas. :-/

Christmas isn't about 'giving' any longer...it's about 'buying'.

I know - that's an off-topic editorial on society. Sorry.

As previously mentioned ( somewhere) a lot of stores / companies rely on the xmas trade . i am no economist but from what i can gather it actually helps the economy , when folk spend (as well as bumping profits).

Sales analysis reports in recent months have produced a generally positive picture of the health of UK High Streets, despite the concerns stemming both from the overall global economic slowdown and from the effects of the 11 September attacks.

[hjmick]

So you think its just the consumer holdig back for sales?

That is all this forecloseur, inventory glut is huh?

No, consumers are holding back until they have a better picture of what's happening with their money.

As for the foreclosures, too many people making bad decisions in a hot and infamously fickle real estate market. Too many financial institutions taking advantage of an over eager populace.

At some point, don't forget to factor in personal responsibility into the economic equation.

Look, this may very well be the worst holiday season in decades, Perhaps it will give people a chance to reconnect with what Christmas is all about. It may be that we are heading into the worst recession since the 1930s, but I'm sure that we will all survive. Seeing that there is little or nothing that we can do about it, I don't see the purpose in worrying about it and getting our panties in a bunch.

Besides, aren't you looking forward to President Hillary or Obama taking office and fixing everything that is wrong with this country, everything you have complained about for the last eight years, fixing the Middle East and bring our troops home, curing cancer and the common cold, and then logging onto Debate Policy and gloating like never before?

[Trigg]

I do believe there is a recession coming and possibly a bad one.

For years there have been articles and warnings about our "need it now" culture. Americans aren't saving. We're in credit card debt up to our ears, the last figure I saw was $13,000.

People buys things they can't afford...buying houses with interest only loans or balloon payments.

Well finally, keeping up with the Joneses, is coming back to bite people in the ass.

No one has a gun to their head making them buy the next video game or that big house they can't do without. The banks are partly to blaim for the big bust that is coming, but people need to take personnal responsibility also.

[truthmatters]

And the government over the last few years ignored the explosion in subprime loans which is the major cause.

There were sub prime loans being written for years but it was the explosion which caused this. The govenrment refused to address the explosion and they could have stopped it with legislation but refused to do so because it was fueling the economy. Its the Republicans fault guys they had all the control and failed to act.

[darin]

And the government over the last few years ignored the explosion in subprime loans which is the major cause.

There were sub prime loans being written for years but it was the explosion which caused this. The govenrment refused to address the explosion and they could have stopped it with legislation but refused to do so because it was fueling the economy. Its the Republicans fault guys they had all the control and failed to act.

You REALLY ARE a communist, aren't you? You won't be happy with our government until it ABSOLUTELY controls every facet of our lives.

What caused the recession when Clinton was in office?

[truthmatters]

You will excuse anything the Republicans do or fail to do huh?

[Trigg]

And the government over the last few years ignored the explosion in subprime loans which is the major cause.

There were sub prime loans being written for years but it was the explosion which caused this. The govenrment refused to address the explosion and they could have stopped it with legislation but refused to do so because it was fueling the economy. Its the Republicans fault guys they had all the control and failed to act.

Why don't you just start posting.

The republicans did it....the republicans did it.The republicans did it....the republicans did it.The republicans did it....the republicans did it.The republicans did it....the republicas did it. The republicans did it....the republicans did it.

People need to take responsibility for their own stupid mistakes. You dems have a hard time with that. Whenever something goes wrong it's someone elses fault. Banks gave loans to people they knew couldn't afford it, the people knew they couldn't afford it and did it anyway. END OF STORY

[Mr. P]

And the government over the last few years ignored the explosion in subprime loans which is the major cause.

There were sub prime loans being written for years but it was the explosion which caused this. The govenrment refused to address the explosion and they could have stopped it with legislation but refused to do so because it was fueling the economy. Its the Republicans fault guys they had all the control and failed to act.

Gov should keep their fingers outta private business...period...that means NO bailouts either.

[Trigg]

You will excuse anything the Republicans do or fail to do huh?

Your one to throw stones since your over there doing back flips to excuse the dems.

[Monkeybone]

Just another thread to prove that Truthmatters is like a German porn star's mouth.......full of shit.


Oooooooo! I went there!

[truthmatters]

And so it begins.

This is how the right will claim that the Republican party will get no blame for their policy or lack there of during the YEARS they had total control over our government.

[Trigg]

And so it begins.

This is how the right will claim that the Republican party will get no blame for their policy or lack there of during the YEARS they had total control over our government.

What??

No comment of personnal responsibility???