Comments on: Recession Officially Declared http://www.theotalks.net/2008/12/recession-officially-declared/ Hear my perspective on society and other topics affecting Black America. Mon, 18 Jan 2010 05:53:23 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Joel http://www.theotalks.net/2008/12/recession-officially-declared/comment-page-1/#comment-17240 Joel Thu, 04 Dec 2008 01:56:28 +0000 http://www.theotalks.net/?p=988#comment-17240 That's the most interesting idea I've heard in a while Theo. While I'm sure there are some negative consequences and other issues that could pop up, it seems like a way to stop the bleeding. They could then be required to re-tool and prepare the next generation of fuel efficient vehicles. Maybe I'm interested in this because I wouldn't mind a new ride--I just don't want a new note. The problem with the feds not spending is that things could spiral out of control if they don't. Yes there needs to be some constraint (maybe a balanced budget amendment--didn't they try to pass this before?) but since our economy is based on spending, it needs to come from somewhere. And, Black Friday aside, there's not a lot of spending going on. The recession of 81 was overcome by Reagan's tax cuts which spurred spending but it the cuts were too deep. Congress needs to control its spending but there has to be some balanced, responsible spending in there too. That’s the most interesting idea I’ve heard in a while Theo. While I’m sure there are some negative consequences and other issues that could pop up, it seems like a way to stop the bleeding. They could then be required to re-tool and prepare the next generation of fuel efficient vehicles. Maybe I’m interested in this because I wouldn’t mind a new ride–I just don’t want a new note.

The problem with the feds not spending is that things could spiral out of control if they don’t. Yes there needs to be some constraint (maybe a balanced budget amendment–didn’t they try to pass this before?) but since our economy is based on spending, it needs to come from somewhere. And, Black Friday aside, there’s not a lot of spending going on. The recession of 81 was overcome by Reagan’s tax cuts which spurred spending but it the cuts were too deep. Congress needs to control its spending but there has to be some balanced, responsible spending in there too.

]]> By: Jason http://www.theotalks.net/2008/12/recession-officially-declared/comment-page-1/#comment-17239 Jason Thu, 04 Dec 2008 01:41:12 +0000 http://www.theotalks.net/?p=988#comment-17239 Yes this recession is different. First you see people shouting in glee that yes we are in a recession. Then consider the political infighting that we see daily. This infighting causes all parties to give money to whomever in hopes of getting votes during the next election cycle. Our leaders are not putting our nation’s best interest first. They are selfish imbeciles that need to grow up a play with each other’s toys. Yes it is true that we see a recession about every three years, and when we do they usually last about 8.5 months. This time politics will bring to the table spending and their denial of the situation won’t get us out of this mess. http://nomedals.blogspot.com Yes this recession is different. First you see people shouting in glee that yes we are in a recession. Then consider the political infighting that we see daily. This infighting causes all parties to give money to whomever in hopes of getting votes during the next election cycle.

Our leaders are not putting our nation’s best interest first. They are selfish imbeciles that need to grow up a play with each other’s toys.

Yes it is true that we see a recession about every three years, and when we do they usually last about 8.5 months. This time politics will bring to the table spending and their denial of the situation won’t get us out of this mess.

http://nomedals.blogspot.com

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