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Is a Recession Now Guaranteed?

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

  1. czsmithGT

    czsmithGT

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    Agreed but our decline did start quite a while ago.
     
  2. devildog2067

    devildog2067

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    Do you know what year the US stopped being the world's largest manufacturing country?
     

  3. unit1069

    unit1069

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    So. Central US
  4. ^^^^ Unfortunately, this.

    If you look at the DJIA, it first hit 10,000 in 1996 or 1997. Since that time, how many time have we hit 10,000 again and again? Where are we now, somewhere around 12,000?

    Whoppie-do!
     
  5. The American people have spoken.

    They are going to reap what they have sown.
     
  6. There will only be a recession if the Republicans continue to dig their heels in. We have to raise taxes. The question is whose.
     
  7. cowboywannabe

    cowboywannabe you savvy?

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    wouldnt cutting spenditures be a lot more prudent?
     
  8. Well, since you support Obama, I hope you and the rest who do volunteer first.

    Or, would you prefer theft from others first?
     
  9. It will take both. One dollar of tax increases for ten dollars of spending cuts sounds reasonable to me.
     
  10. czsmithGT

    czsmithGT

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    Never, but what does that have to do with the conversation. Sheesh!!
     
  11. devildog2067

    devildog2067

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    Even if we raise taxes on every income in the country, we don't even begin to come close to fixing the economy. We have to cut spending. Raising taxes won't work.
     
  12. And alot of us will be walking around with a big smirk on our face - you elected him - you deserve it!!
     
  13. cowboywannabe

    cowboywannabe you savvy?

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    this country spends a bit over 500 billion a year on national defense/security but over 700 billion a year on welfare (not counting social security or medicare). i see where 200 billion a year should be cut immediately.
     
    Last edited: Nov 7, 2012
  14. BSA70

    BSA70

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    O has 9 lives. Things will probably get better and he will benefit from it all.

    Its already been said, hopefully the fools will get what they voted for.
     
  15. .264 magnum

    .264 magnum CLM

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    Trick question.
     
  16. certifiedfunds

    certifiedfunds Tewwowist

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    Of course we all know it isn't YOUR taxes that will get raised.
     
  17. czsmithGT

    czsmithGT

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    What will raising taxes do to prevent a recession or depression?
     
  18. janice6

    janice6 Silver Member

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    It's official. We are Europe.
     
  19. AKR

    AKR GAP'r

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    Anybody who believes that an increase in taxes will be used to balance the budget hasn't been paying attention. It will all go to new spending.
     
  20. certifiedfunds

    certifiedfunds Tewwowist

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    Houston
    About damn time. Do we all get 6 weeks mandatory vacation now?