[yasmin]

http://www.rushlimbaugh.com/daily/20...getting_better

[gomosopions]

In a strong economy, everyone can find work producing necessary and useful things.

[Kemapreedasse]

We are living on paper. It is backed only by the memory of what we once were. That memory is fading fast.

[Tilmbeinymn]

GETTING BETTER?

....DON'T MAKE ME SHIT MY PANTS LAUGHING....

[VIAGRA-VIAGRA]

We are living on paper. It is backed only by the memory of what we once were. That memory is fading fast.

Change your name to the fatalist.

[M_Marked]

Well, we have to remember that Obongo, as well as many others, judge economic health based on consumer spending. They ignore the fact that people are spending money they don't have on shit they don't need. Everyone maxing out their credit cards isn't really helpful. But I suppose since that's precisely what the government does, everyone else might as well do it too!

[erroxiainsona]

The stock market has risen as a result of strong emerging markets and inflation. Jobs are not even being created at the rate of population growth. Unemployment is steadily rising, but they're cooking the books.

One ray of light is that we may indeed be at the bottom of the housing crash.

[pKgGpUlF]

Just when I think J-Ho is a pretty smart guy he tosses out Limbough quotes

[12Jasoumemoobia]

Just when I think J-Ho is a pretty smart guy he tosses out Limbough quotes

Well, he happens to be right..

[carline]

Well, we have to remember that Obongo, as well as many others, judge economic health based on consumer spending. They ignore the fact that people are spending money they don't have on shit they don't need. Everyone maxing out their credit cards isn't really helpful. But I suppose since that's precisely what the government does, everyone else might as well do it too!

...link? That may have been true 3 years ago/pre-recession (Its what lead to it: using one's house as an ATM) but not now.

[ebookinfo]

...link? That may have been true 3 years ago/pre-recession (Its what lead to it: using one's house as an ATM) but not now.

"Credit card debt is a major factor in consumer financial distress. Recent statistics show that the number of American cardholders relying on their “plastic” to pay daily expenses is at an all-time high, according to a study by the Federal Reserve."

http://www.christianpost.com/news/pl...me-high-52056/

[KkJvrG4d]

If not in recovery, are there any indications that the breakneck descent is slowing down?

From a certain point of view, it would equate with the same thing.

[diseeKeythilt]

...link? That may have been true 3 years ago/pre-recession (Its what lead to it: using one's house as an ATM) but not now.

Foolish credit card spending has always been a problem and remains so. A person can be unemployed but still buy shit they don't need as long as they have a credit card and that's exactly what they do.

[ceagstuntee]

Many so called unemployed Americans turn down work because it doesn't suit there needs. Many young people lack the work ethic that someone like myself has. Yeah those cushy jobs created by the "bubble" are gone. Get out there and pick tomatoes

[PebydataFeents]

"Credit card debt is a major factor in consumer financial distress. Recent statistics show that the number of American cardholders relying on their “plastic” to pay daily expenses is at an all-time high, according to a study by the Federal Reserve."

http://www.christianpost.com/news/pl...me-high-52056/

daily expenses are not "things one doesn't need" as Scorpio contends. A jetski is somethiong one "doesn't need".

[GeorgeEckland]

Foolish credit card spending has always been a problem and remains so. A person can be unemployed but still buy shit they don't need as long as they have a credit card and that's exactly what they do.

that doesn't look like a link to me. I think people are using their cc's for necessities like gas & groceries AOT pre-recession non-necessities.

[Chito]

Many so called unemployed Americans turn down work because it doesn't suit there needs. Many young people lack the work ethic that someone like myself has. Yeah those cushy jobs created by the "bubble" are gone. Get out there and pick tomatoes

Fuck all that.

[russmodel]

If not in recovery, are there any indications that the breakneck descent is slowing down?

No, and no matter how this incompetent administration tries to spin it the facts speak for themselves. The only area where Ochimpa has had any success has been his prosecution of the "war on terror" and against Somalinigger pirates. Beyond that, he's an epic failure.

[Gscvbhhv]

No, and no matter how this incompetent administration tries to spin it the facts speak for themselves. The only area where Ochimpa has had any success has been his prosecution of the "war on terror" and against Somalinigger pirates. Beyond that, he's an epic failure.

And so you're suggesting that this economic slump is either worsening, or remains constant?

[goolen4you]

that doesn't look like a link to me. I think people are using their cc's for necessities like gas & groceries AOT pre-recession non-necessities.

Who gives a fuck? The point is that people are spending money they don't have, whether it be out of necessity or otherwise. They wouldn't have to do that if the economy hadn't gone from Bush bad to Obongo worse.