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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (510890)	10/2/2012 12:46:50 AM
From: LindyBill	1 Recommendation Read Replies (2) \| Respond to of 793997

I think things will begin to get into trouble in the course of the next presidential term. You have laid out the problem very well. And the conundrum. "Nobody knows" when it will blow up. And nobody knows what to do when it does. Since it is tied up in the banks, can they they get away with it for decades? We are all guessing. If Obama gets re-elected, this will be why. And if it blows up while he is in office, nobody REALLY knows what to do. Me? I will just keep dancing, and hoping my savings and SS will pull me though to the end. Otherwise, I can help build a "cargo cult" plane here on the beach and wait for DC to deliver.

To: skinowski who wrote (510890)	10/2/2012 1:38:46 AM
From: i-node	Respond to of 793997

>> I think things will begin to get into trouble in the course of the next presidential term. >> Most likely, we already are in a deep recession, maybe even depression - which is covered up by deficit spending - I could not agree more. If you just look at it, the trend is pretty alarming.

To: skinowski who wrote (510890)	10/2/2012 8:26:42 AM
From: MulhollandDrive	2 Recommendations Read Replies (3) \| Respond to of 793997

Most likely, we already are in a deep recession, maybe even depression - which is covered up by deficit spending - which is made possible, for the most part, by the Fed. Without the Fed's printing we would probably be in a deep deflationary slump. whatever inflation there is FEELS much worse because wages and hours worked are so stagnant....iow, the pain at the pump is extremely acute, same with groceries, or insurance, or education, 'health' care (but oh wait, inflation is 'tame' because the cost of smart phones and laptops are plummeting) sam zell is on cnbc this morning saying that that the business purchases (in IT for example) are being deferred, signaling a recession....at 1.3% 'growth' ( considering that inflation numbers are misstated) i would say the economy is indeed already in a recession, and whatever 'recovery' has been at stall speed, hence no job real creation....not exactly a recipe for growth