James Hudnall

No Depression

I hear people around me talking about how we’re about to enter another great Depression. But I find that fairly absurd. The economic conditions aren’t there yet and this article backs me up.

I definitely think we’re in a recession that may last awhile. Probably a lot longer if Obama gets elected.

I remember when the the 90s rolled around. Comedian Dennis Leary was on MTV saying that the 90s will be like the 60s upside down. Well, the 2000s are reminding me in some ways of the 70s. And I think the decade will close out the way the 70s did, with a stagnant economy and a foolish, inept president who will only serve one term.

Hopefully, I’m wrong.

Posted by James Hudnall on 10/07 at 08:19 PM

The call to “stabilize ” home prices is asinine. Stabilization will occur when prices reach the level of actual worth, and they ain’t there yet.

Posted by BrockTownsend on 10/08 at 08:45 AM

While I agree with your point, they have to do what they can to make people confident in the economy. Home prices were artificially inflated by that FM/FM scam, but a lot of people are now losing massive amounts of their investment and that’s contributing to the anger out there.

They have to get things stablized somehow.

Posted by on 10/08 at 10:40 AM

All they are doing is printing more money which makes our current dollar lose more buying power, and it only buys 19% of what it did in the early 20th century. The only thing which backs this up is the word of the government which as our Indians and all involved in the Vietnam war know is not too reliable. I believe it would be better to get it over with and let the free markets reign. It will hurt, but it is going to happen at some point in time anyway. One of my daughters and her husband flipped houses from 1999 until recently, and did quite well until they went one bridge too far. They lost four million and now have to start over, but they don’t expect the government to help them out. Markets are down again today.

Nikkei 225 EOD -952.58 -9.38% 9203.32
HSENG EOD -1372.03 -8.17%

I saw a bumper sticker yesterday:

“I Love My Country
But I Hate My Government”

My sticker has:

“We’re Screwed ‘08”

Now, After Sending Our Best Young Men To Die On distant battlefields fighting Communism, we may simply vote a Marxist into our highest office.

Posted by BrockTownsend on 10/08 at 01:30 PM

Apparently, you’re right about Obama being a Marxist.

I hope this stuff gets a lot of attention.

Posted by on 10/08 at 02:32 PM

Maybe a Muslim too!

http://washingtontimes.com/news/2008/sep/07/obama-verbal-slip-fuels-his-critics/