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Is a Recession Now Guaranteed?

Discussion in 'Political Issues' started by Flying-Dutchman, Nov 7, 2012.

  1. Flying-Dutchman

    Flying-Dutchman

    5,758
    267
    Oct 10, 2007
    Some talking heads on the business channels say a recession is guaranteed.

    Business people are saying Obama has 3 days to assure the markets.

    His can do one of 2 things:

    Preserve his legacy by saving the economy

    or

    Fundamentally transform the United States of America.
     
  2. The majority spoke yesterday. They support taking us all over the edge of the cliff.
     


  3. aircarver

    aircarver Ride Continues Silver Member

    & now, no one will be trying to stop it ... :frown:

    .
     
  4. unit1069

    unit1069

    8,128
    169
    Oct 10, 2007
    So. Central US
    Yes, in my opinion a double-dip recession --- and possibly a depression --- is unavoidable. Employers can no longer keep full-time employees with CareBarry forcing crippling healthcare costs onto their balance sheets.

    Defense industries who were cowed into violating US law by Team Obama will in the next couple of week announce the tens of thousands of layoffs starting in 2013, announcements that by law were due last month.

    Where are the funds going to come from to support all those newly laid off workers while simultaneously paying for all the welfare checks and free cellphones for America's Dependent Class? We're facing massive Social Security, Medicare, and entitlement shortfalls with no viable solutions and an unaccountable Marxist president who visions himself a transformational historical figure who has shown his determination to let America sink rather than compromise one whit.

    I'm shorting the market on the first decent bounce, since it was already too late for me to do so this morning. The stock and bond markets are going to crash, and I'm glad I went to cash about three weeks ago, fearing just this election outcome.
     
    Last edited: Nov 7, 2012
  5. DanaT

    DanaT Pharaoh

    Have you ever had to call your wife and tell her there is a 30% chance that the family will be moving to another country right after Xmas?

    My day is not going so well. And I thought jury duty was bad....
     
  6. nursetim

    nursetim

    13,933
    6,404
    Mar 1, 2006
    liberalville N. M.
    I don't know but my depression started last night. Although, if Romney had won, it would have been just postponing the inevitable. HWSNBN will lead the US to the end quicker.
     
  7. arclight610

    arclight610

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    Dec 2, 2009
    A new era of prosperity is here now that Obama has rightfully secured his place.
     
  8. JackMac

    JackMac

    845
    2
    Mar 13, 2011
    TX
    going down the drain. After 26 years in business, I am closing shop before the end of the year. Just don't have it in me to do it before Christmas....thinking about my employees. Well at least they can apply for unemployment come January. Thank you very much Mr. President. Thank you.
     
  9. arclight610

    arclight610

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    Dec 2, 2009
    What is your business?
     
  10. svtpwnz

    svtpwnz

    2,729
    1,426
    Nov 19, 2010
    SC
    +1 I hope you don't close your business just because of the election turnout. We own a business also and have made changes to how we operate. We didn't replace a few FT employees that left and hired part time folks to fill in where needed.

    We have no plans of closing the doors but certainly had to make changes to slim down payroll and operating costs. We were planing on replacing several vehicles and now that and a few other purchases are not going to happen anytime soon.

    I wish you the best on your buisness and hope you decide to stay in the game. :wavey:
     
  11. Mrs.Cicero

    Mrs.Cicero Wayward Member

    4,430
    321
    Aug 13, 2004
    far from home
    WTH? We've been in a recession for years. We're heading for a depression. No, a Depression, the likes of which we haven't seen since 1929. Take your rose-colored glasses off, people.
     
  12. Dennis in MA

    Dennis in MA Get off my lawn

    42,700
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    Aug 16, 2001
    Taunton, MA
    I feel better correcting that post. ;)
     
    Last edited: Nov 7, 2012
  13. MtBaldy

    MtBaldy Obie Wan, RIP

    10,921
    5
    Jul 21, 2005
    At the beach
    This.

    Ain't going to be no recession folks, we're headed for full on "where's my next meal coming from" depression. Think Argentina after 2001:

    http://www.peakprosperity.com/blog/argentina-case-study-how-economy-collapses/59179
     
  14. Dennis in MA

    Dennis in MA Get off my lawn

    42,700
    2,807
    Aug 16, 2001
    Taunton, MA
  15. michael_b

    michael_b BRC #1492

    1,022
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    Sep 3, 2011
    Kansas

    Technically since 2000, We never pulled out of it.
     
  16. Dennis in MA

    Dennis in MA Get off my lawn

    42,700
    2,807
    Aug 16, 2001
    Taunton, MA
    We pulled out. Recession is a very specifically defined term. But we've never gotten past the economic high (albeit artificial) we hit in 2000.
     
  17. curlysir

    curlysir

    455
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    Aug 15, 2011
    NE Texas
  18. camelotkid

    camelotkid non-believer

    1,937
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    Apr 27, 2009
    Oak Ridge, TN
    well technically that recession ended we just have yet to fully recover from it. But honestly I think we are on an upward swing and it would not have mattered who won the election.


    Furthermore if any of you that are predicting a double dip are the same ones who were predicting a Romney win you obviously are not good at predicting so just sit down and be quite.
     
  19. devildog2067

    devildog2067

    16,133
    867
    Apr 20, 2005
    Chicago
    It's not going to be anything like Argentina.

    You know the saying "if you owe the bank a thousand dollars, you have a problem... if you owe the bank a billion dollars, the bank has a problem"?

    Argentina defaulted on $132 billion of sovereign debt. We have 100x that much outstanding.

    Our decline is going to take much longer, go much slower, and we're not going to bounce back from it in ten years the way Argentina did.