The economy sucks

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  1. princess g profile image60
    princess gposted 7 years ago

    is it going to get better? Or worse?

  2. princess g profile image60
    princess gposted 7 years ago

    I don't think it's going to get better any time soon

    1. Mighty Mom profile image82
      Mighty Momposted 7 years agoin reply to this

      Trying to be optimistic, hoping against a double-dip recession.
      But signs are not real good right now.
      HATE THIS!

      1. Jed Fisher profile image86
        Jed Fisherposted 7 years agoin reply to this

        Ha! The Fed is lending money to the gub'ment and the Gub'ment is handing that money to the Banksters, and the taxpayers have to pay it back. The flow of money is like the water cyle but the Banksters built a dam up stream from you. They hoard all the water. Good for them, not so good for you. The fed came right out and said this will continue through 2013 at least.
        Dislike certain aspects of the TEA party all you want, but they did stand up and prevent the Gub'ment from borrowing another 4 trilion to give the banks. The economy will improve immensely, right after the Federal Government finds the political will to nationalize the six largest banks.

        1. Mighty Mom profile image82
          Mighty Momposted 7 years agoin reply to this

          Righteo. I just love this gift from Bernancke, rock bottom interest rates. Oddly enough, these low rates don't benefit me one whit. I do not qualify me to refinance my mortgage (but my bank seems to think I can/should continue paying at my existing rate for a house that's worth maybe 2/3 what we paid for it and the unemployment rate where I live is well over 10%. Yeah. THAT makes sense).
          Nor do I see my credit card companies lowering their APRs in relation to the prime.

          So if anyone has any doubts as to how Joe and Josephine Q. Public are faring in this economy.... well, it's pretty obvious. sad

      2. Moderndayslave profile image60
        Moderndayslaveposted 7 years agoin reply to this

        There was actually talk today that the TBTF's are zombies,bank stocks aren't doing well either.We should have let them fail,after all that's how the free market works,isn't it?

        1. princess g profile image60
          princess gposted 7 years agoin reply to this

          I completely agree. The bailouts were complete stupidity. These things need to be left to work themselves out on thier own

      3. princess g profile image60
        princess gposted 7 years agoin reply to this

        I used to be optimistic, but it's hard to stay that way when things are getting worse literally every day.

        1. Moderndayslave profile image60
          Moderndayslaveposted 7 years agoin reply to this

          I know it's hard but try to buy American made products,the more non-corporate the better and use mom and pop stores if you can.We have to get ourselves out of this because no one else will.

          1. princess g profile image60
            princess gposted 7 years agoin reply to this

            You have some good points. It is up to us to make things better.

  3. Stacie L profile image86
    Stacie Lposted 7 years ago

    The terrible economy has forced many to re examine their spending habits and opinions about money...it's done some good .but I know there are many suffering and the big businesses don't seem to notice..
    life IS unfair..

    1. princess g profile image60
      princess gposted 7 years agoin reply to this

      life is unfair:)

 
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