Economic Recession

[Zerlina]

Sorry to be a Debbie Downer, but I'm just wondering what everyone thinks of the recession that seems to be all over the news (at least here in Canada anyway).

What's interesting is that both the U.S. and Canada are doing federal elections right now. It seems that on both sides of the border this will be an extremely important decision we make. Do you believe that any political party could help ease the recession (or "depression" as the newspapers are calling it...a local paper said we're past the point of recession).

What do you think the effects will be in other continents?

What have people in other continents already felt?

Do you think it's being blown out of proportion or that it's much worse than people are letting on?



(Sorry if there's a topic on this already. If there is, I missed it)

[ZeroKirbyX]

I dunno. I'm not panicking, but its easy to tell that, here at least, it's becoming much more difficult to find even part-time employment. I think that a large problem is that people are responding in a very similar fashion to the economic depression in the last 20's and 30's. Pull out all your money, stop spending money. All it does is cause the economy to go stagnant.

I think that, as we are right now in America, the democratic party will not help. Tax cuts and increased federal spending for welfare and aid can only exacerbate the problem in an economy. Personally, I hate how middle of the road all of us are here. Either have high taxes with federal aid, or low-income or even solely spending taxes with minimal government aid. When you try and form aid programs for a nation full of morons that don't realize it can't be done without taxes, it's all trouble.

What really concerns me is how near socialism we seem to be getting. One of the candidates has proposed lower class tax cuts and higher class tax increases, along with increased federal aid. Meaning the rich take care of the poor. Personally, I love the idea behind communism and fully appreciate the initial purpose for which it was developed by Marx and the early effects it had as Leninism in the early 1900's,  but I'm not enough of a fool to think that by any stretch of the imagination it could ever work as long as man is running it. There is no such thing as a true Utopia, and I wish people would realize this.

[Meiscool-2]

We need another Clinton. He may have been a crappy person, but he was an excellent leader.

[fruckert]

I can't remember Clinton
I just remember hating Bush

Anyways, I'll start worrying when either A) I randomly impregnate some chick or B) I graduate
Right now, all I'm really worrying about is not sucking at math

[Hell Angel]

I think that, as we are right now in America, the democratic party will not help. Tax cuts and increased federal spending for welfare and aid can only exacerbate the problem in an economy. Personally, I hate how middle of the road all of us are here. Either have high taxes with federal aid, or low-income or even solely spending taxes with minimal government aid. When you try and form aid programs for a nation full of morons that don't realize it can't be done without taxes, it's all trouble.

Most Americans seem to be worrying about what will effect them most personally, and they don't really take into consideration what else may happen. They just see that their life will be easier if Obama leads. People have never liked the idea of paying **** that they don't care about, or don't know anything about, and most of us idiots are one of those two. We either don't care, or have no idea what's going on. Then there's people who aren't either, like you, oh brilliant one, who know where their dollar is going. In the end, it seems that democracy allows a country to be 'united' but what sucks is, most of those 'uniting' us are dipshits...

And yeah, every word of your communism thing is true, too.

[Archem]

Don't care. At all. Everything will be fine, because the rest of the world can't afford the after-effects of having a nation as important as the US collapse. If all else fails, we'll be loaned a bunch of money by other countries.

Of course, that's assuming that we can't rebound and fix it all ourselves. I think that seems likely.



Oh, and Canada, too. I'm way down in Texas, so the only thing we ever hear regarding Canada is when a cold front is heading our way. That's some important-*** news.

[ZeroKirbyX]

Archem, I lol'd.

[Zerlina]

Don't care. At all. Everything will be fine, because the rest of the world can't afford the after-effects of having a nation as important as the US collapse. If all else fails, we'll be loaned a bunch of money by other countries.

Of course, that's assuming that we can't rebound and fix it all ourselves. I think that seems likely.



Oh, and Canada, too. I'm way down in Texas, so the only thing we ever hear regarding Canada is when a cold front is heading our way. That's some important-*** news.

It's true other nations can't afford it. But it looks like the U.S. is eyeing Iran now, and it doesn't seem like the international community would be happy to pour money into a country, only to have it spent on another war. I'm not sure what the standings are in Iran, though, because I don't really follow American politics too closely. From what I understand McCain is looking more at Iran than Obama is? Or is it the other way around?  Maybe someone from the U.S. could enlighten us on the subject. Right now all the news we have from teh U.S. is about the election (and saturday night live).

In terms of the Canadian recession, we're going through a recession because the U.S. is. We have a lot of investments in the U.S. and a lot of trade between us. Especially with the oil in Alberta. So whatever the international community decides to do for the U.S. will affect us too.

[ZeroKirbyX]

McCain is looking at Iran more than Obama in terms of the proliferation of nuclear technology to the region. I highly doubt any type of actual war in Iran, especially with the way popular opinion of Iraq has gone.

[Drace]

Only thing I have heard, here in Europe, is that Bush asked the European Union (or was it UN) to help them aid the US. Personally, I notice nothing =P
But yeah, if the US wants to start another war, it won't get very popular with the other countries. I think they won't  though. Would be quite foolish.

[Zerlina]

I thought so too. And at least from what I've heard, I'd assume the American public is largely opposed to anotehr war. So why are all of these talks of Iran and nuclear weapons etc going on? Again, we don't get too much American news here...

[Almeidaboo]

Well, I think a good R.E.M quote is needed now: "It's the end of the world as we know it."

Seriously, it seems pretty fucked up to me, I can't see what's going to happen.

Plus, I just do not understand the maket that well, specially after it became a real being, with sentiments and all...The market is angry, the market is agitated, the market was down today...WTF? What's next? The Market met John Google (the one guy at google that does our searches) today to discuss the Economic Crisis. The Market had a Big Mac, served by Ronald McDonald himself, and John Google had fried griffon wings, served by Rocky and Wonderwoman.

...

[Emerates]

Recession?  No, we're just as strong as ever!

[\POLITICAL BULLSHIT]

[boozer]

I personally think its funny how everyone was all "Global Warming must be stopped" and "Go Green" but now it all seems to have been forgotten because money is involved

[Archem]

But yeah, if the US [politicians] wants to start another war[...]

Fix'd. Because people don't like war, and politicians aren't people.