look for kent d

[justindew]

Originally Posted by stonegossard

000000000000000000000000

Bill Clinton was once overheard laughing at how stupid the American people are. He said "As long as I kept gas prices low, everyone thought everything was fine."

Americans, by and large, can't think for themselves. A recent poll showed that nearly 60% of Americans rated the economy as either "bad" or "below average", while 70% of the same respondants said their economic status was "good" or "better than average."

If the media says the economy is bad, Americans will believe it. It's easier to let the media think for you.

Look around. People are still going to dinner and going on vacations. In spite of high gas prices, people are still driving.

And everyone has a job. In fact, unemployment claims took a dive last month.

But the economy sucks, apparently.

How about you just shut the f.uck up, Limbaugh?

[ateamstupid]

Originally Posted by Coach Pants

How about you just shut the f.uck up, Limbaugh?

There's no getting through to that tool.

[fpsoxfan]

Originally Posted by justindew

Bill Clinton was once overheard laughing at how stupid the American people are. He said "As long as I kept gas prices low, everyone thought everything was fine."

Americans, by and large, can't think for themselves. A recent poll showed that nearly 60% of Americans rated the economy as either "bad" or "below average", while 70% of the same respondants said their economic status was "good" or "better than average."

If the media says the economy is bad, Americans will believe it. It's easier to let the media think for you.

Look around. People are still going to dinner and going on vacations. In spite of high gas prices, people are still driving.

And everyone has a job. In fact, unemployment claims took a dive last month.

But the economy sucks, apparently.

Seeing how I'm the one who got you on this a few days ago by suggesting the economy was a partial reason for a drop in the Preakness handle, I probably need to respond to your debate with some others on here. I appreciate your optimism about the economy, you bring up some valid points, in fact I really hope you're right. The reality is though Justin, things aren't good, especially for the lower middle class. Foreclosures are up and most in this category are living paycheck to paycheck. The worst though is Credit Card debt. The average credit card debt of a 30 something is in the neighborhood of 15,000. This is not good. Gas prices are obviously not the main indicator of the economy, but this is not helping either. We are in a tailspin, I just hope it gets better or we are headed for big trouble.

[stonegossard]

Originally Posted by ateamstupid

There's no getting through to that tool.

His last post said it all. I wont have to say anymore....the stuff he is saying is burying him and his views. It's like arguing with a 5th grader.


People are still driving.....too funny....that's the best.

[justindew]

Listen to the evidence people put forth to "prove" that the economy is bad. The housing market, for instance. Housing prices are higher now than they were five years ago. Yet no one suggests that the economy was bad five years ago. So a small percentage of people who never should have owned homes to begin with are going to lose their homes. Big deal. They aren't going to be homeless. They will become what they should have been all along: renters. And at some point in 2008 or 2009, the housing market will level off and prices will slowly start to go up again. Now, if you stupidly purchased a home that you could not afford as an investment in 2005 and hoped to flip it to make a profit, you are probably going to get burned. Does that mean the economy is bad? Only if you are looking to make excuses. If you purchased a home that you COULD afford with the intention of living in it for the duration, you have zero to worry about. This is a fact.

As I have said all along, it's a matter of perspective. Americans have very, very short memories. And they got used to the way things were for the last 10 years: easy money and limited consequences. Compared to the last 10 years, the economy is bad. However, the last 10 years were a joke, and not representative of the way the world, our country, or our economy works. People with an ounce of perspective (or proper education) know this. People who steal their thoughts from the media, or who base their opinions on ridiculous measures like gas prices and the temporary slowdown in the housing market, do not know this. You say the middle class is struggling? Well, maybe that's because too many people run up insane amounts of credit card debt making purchases they can't afford while living a lifestyle that is irresponsible. The problem is it's easier to blame someone else, like the president, than it is to assume responsibility.

Economies on the local, national, and worldwide level, experience booms, busts, and everything in between. Right now, the economy is "fine". It isn't super. It isn't even "better than average" or "good". But it is fine. Sort of like a guy who breaks his leg. The doctor tells his family "He's fine." That doesn't mean he's in perfec health. But there is nothing to worry about.

Yet another recent poll I saw said it best. The majority of Americans think we are in a recession. But it is an indisputable fact that we are NOT in a recession. The numbers simply say otherwise. But since perception is reality in America, this country is in full-on panic mode.

Again, the original comment was "the economy is bad." That is what I was refuting. And I am correct.

[The Indomitable DrugS]

Originally Posted by stonegossard

It's like arguing with a 5th grader.

Have you two compared savings accounts yet?

[justindew]

Originally Posted by The Indomitable DrugS

Have you two compared savings accounts yet?

Look, he's the one who questioned whether or not I could hold a job.

[GBBob]

Originally Posted by justindew

Listen to the evidence people put forth to "prove" that the economy is bad. The housing market, for instance. Housing prices are higher now than they were five years ago. Yet no one suggests that the economy was bad five years ago. So a small percentage of people who never should have owned homes to begin with are going to lose their homes. Big deal. They aren't going to be homeless. They will become what they should have been all along: renters. And at some point in 2008 or 2009, the housing market will level off and prices will slowly start to go up again. Now, if you stupidly purchased a home that you could not afford as an investment in 2005 and hoped to flip it to make a profit, you are probably going to get burned. Does that mean the economy is bad? Only if you are looking to make excuses. If you purchased a home that you COULD afford with the intention of living in it for the duration, you have zero to worry about. This is a fact.

As I have said all along, it's a matter of perspective. Americans have very, very short memories. And they got used to the way things were for the last 10 years: easy money and limited consequences. Compared to the last 10 years, the economy is bad. However, the last 10 years were a joke, and not representative of the way the world, our country, or our economy works. People with an ounce of perspective (or proper education) know this. People who steal their thoughts from the media, or who base their opinions on ridiculous measures like gas prices and the temporary slowdown in the housing market, do not know this. You say the middle class is struggling? Well, maybe that's because too many people run up insane amounts of credit card debt making purchases they can't afford while living a lifestyle that is irresponsible. The problem is it's easier to blame someone else, like the president, than it is to assume responsibility.

Economies on the local, national, and worldwide level, experience booms, busts, and everything in between. Right now, the economy is "fine". It isn't super. It isn't even "better than average" or "good". But it is fine. Sort of like a guy who breaks his leg. The doctor tells his family "He's fine." That doesn't mean he's in perfec health. But there is nothing to worry about.

Yet another recent poll I saw said it best. The majority of Americans think we are in a recession. But it is an indisputable fact that we are NOT in a recession. The numbers simply say otherwise. But since perception is reality in America, this country is in full-on panic mode.

Again, the original comment was "the economy is bad." That is what I was refuting. And I am correct.

Justin..Since you use the word "perspective" all the time, I get to ask you this..

How old are you?

[justindew]

Originally Posted by GBBob

Justin..Since you use the word "perspective" all the time, I get to ask you this..

How old are you?

32

[Bobby Fischer]

You guys are assholes.

Kent made big money in the 7th.

[GBBob]

Originally Posted by justindew

32

Have you ever been through a "bad" economy?

[The Indomitable DrugS]

Originally Posted by justindew

Look, he's the one who questioned whether or not I could hold a job.

What do savings accounts and holding a job have to do with each other?

[justindew]

Originally Posted by GBBob

Have you ever been through a "bad" economy?

No. But I know a lot about economics. And I know that many economists would say that the only really "bad" economies we have truly experienced in America were the Great Depression and a period in the 1970s.

Even the recession of the 1990s was not bad. It was part of the normal economic cycle.

[justindew]

Originally Posted by The Indomitable DrugS

What do savings accounts and holding a job have to do with each other?

Nothing, and I never mentioned my savings account. I said I would be happy to show him my checking account if he was interested in seeing if I had a job. His clear implication was that I am too big of an idiot to hold a job and earn a living.

[GBBob]

Originally Posted by justindew

No. But I know a lot about economics. And I know that many economists would say that the only really "bad" economies we have truly experienced in America were the Great Depression and a period in the 1970s.

Even the recession of the 1990s was not bad. It was part of the normal economic cycle.

What bugs me isn't whether you think the economy is "bad" or not...and relatively speaking...yeah, it is. It's how you dismiss those who are having tough times so casually..

So a small percentage of people who never should have owned homes to begin with are going to lose their homes. Big deal

If you purchased a home that you COULD afford with the intention of living in it for the duration, you have zero to worry about. This is a fact.

Now, if you stupidly purchased a home that you could not afford as an investment in 2005 and hoped to flip it to make a profit, you are probably going to get burned.

You tell me what's wrong with each of these..either morally or economically

[justindew]

Originally Posted by GBBob

What bugs me isn't whether you think the economy is "bad" or not...and relatively speaking...yeah, it is. It's how you dismiss those who are having tough times so casually..

So a small percentage of people who never should have owned homes to begin with are going to lose their homes. Big deal

If you purchased a home that you COULD afford with the intention of living in it for the duration, you have zero to worry about. This is a fact.

Now, if you stupidly purchased a home that you could not afford as an investment in 2005 and hoped to flip it to make a profit, you are probably going to get burned.

You tell me what's wrong with each of these..either morally or economically

I'm not exactly sure what you are asking me. But I'll try to respond.

What EXACTLY is the problem with the housing market? I don't consider a decrease in prices off their insanely high levels of 2005 to be a problem. Again, prices are higher than they were five years ago. And the only people who are going to be HURT by the "housing crisis" are A) people who bought houses they could not afford and had no business owning, B) people who used their homes as ATMs, and spent cash that they didn't really have by refinancing, and C) realtors and mortgage brokers, who also happen to be part of the problem.

Again, if the Jones family loses their home to forclosure and has to move out and rent a home, are they REALLY any worse off than they would have been had they done the responsible thing to being with (rent)? No. Their credit rating will take a hit. But they are hardly ruined.

The media and the democrats have made a campaign slogan out of this, citing the "poor people who are going to lose their homes." Well, 9 times out of 10, those homes never should have been theirs to being with. So I feel no sympathy. AND THEY AREN'T GOING TO BE LIVING IN THE STREET. RENTING ISN'T A BAD THING.

I'm not dismissing anyone. The OVERWHELMING MAJORITY of people who are affected by this temporary downturn in the economy have themselves to blame. Unfortunatly, neither the media nor politicians on either side of the aisle gain anything by holding people accountable.

[stonegossard]

Originally Posted by The Indomitable DrugS

Have you two compared savings accounts yet?

Not yet...although I am sure he is a billionaire with a playboy centerfold wife. Just like every other loudmouth on the net who wants to compare bank accounts.

His cluelessness is amazing though.

[stonegossard]

Originally Posted by justindew

32

Explains a lot. Although I had you in the 12-16 yr old range.

[stonegossard]

Originally Posted by The Indomitable DrugS

What do savings accounts and holding a job have to do with each other?

That was my point. The dope still doesnt get it.