Rosenberg calls current economic conditions "a depression, and not just some garden-variety recession," and notes that any good news both during the initial 1929-33 recession and the one that began in 2008 triggered "euphoric response."
Answer by ratchetlee at 8:54 AM on Aug. 26, 2010
Answer by shay1130 at 8:02 AM on Aug. 25, 2010
That will mean it's all on Obama and he won't be able to blame it on Bush this time.
Oh, but I am sure he will try. LOL.
Answer by QuinnMae at 9:46 AM on Aug. 25, 2010
First you have to consider the source. Second...if you read all the comments, there is more intelligence in that audience than from the writer. And third....it all goes back to the old cliche of " It's a recession if your neighbor loses his job and a depression if you lose yours" It's all perception as far as recession/depression ( chong where are you?) We have had a few clients recently address the issue of last quarter plans to be prepared for Jan 3,2011 and which employees will not be employed that day. People have to do whatever they have to do in order to survive whether it be personal household budgets or small business affairs. This is what the people voted for...and that is really all I can say about that. ITA w/ what Shay said, only they should have learned to live without for the majority of their adult lives. You don't have to spend every dime you earn.
Answer by jewjewbee at 8:11 AM on Aug. 25, 2010
Answer by jewjewbee at 8:15 AM on Aug. 25, 2010
Answer by itsmesteph11 at 9:18 AM on Aug. 25, 2010
Answer by mrsmom110 at 8:00 AM on Aug. 25, 2010
Answer by WoodWitch at 8:15 AM on Aug. 25, 2010
...people need to learn to do without.
I think this should start with our President. He needs to be an example to the American people. If we can do with out the extras, don't think its hard to ask him to do the same....especially when he's spending OUR money for frivolous things.
Answer by momjoy1027 at 8:38 AM on Aug. 26, 2010
Exactly ratch... But when you live beyond your means, then things will eventually fall apart around you.
If you live above your means today, you will live below them tomorrow. That goes for everyone, including the POTUS....but you know, whats a $375K vacay? Pssst, chump change :P
Answer by momjoy1027 at 9:14 AM on Aug. 26, 2010