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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (501072)	8/4/2009 2:20:52 PM
From: jlallen	Read Replies (1) \| Respond to of 1577228

Mortgages were as much as 18%. Gas lines....unemployment.... The level of denial of these pinheads is astounding...

To: HPilot who wrote (501072)	8/4/2009 9:09:52 PM
From: combjelly	Respond to of 1577228

"Obviously you were not of working age back then." Like in most things, Hugh, you are wrong. "If you want to get a hint of an idea calculate what your house payment would be if it were almost 12% interest." Well, duh. You do realize the reason why interests rates were so high was to get rid of the chronic inflation? And that it, in fact, was the reason why things were starting to turn around? Granted, interest rates are lower now. Good luck turning that into a loan. Industrial production has dropped a lot more than anything that happened back then. International trade still hasn't recovered all that much since it essentially ground to a halt last year. Incomes are still dropping, much more than anything we have experienced since the Great Depression. I said metrics, not sound bites. Try looking at actual economic measurements. I know that wing nuts like to avoid things like facts, but...