Recession

[Spaz]

Originally Posted by Colly Wolly

I'm inclined to believe pulling out of Iraq would help things.

The process of literally destroying capital is certainly not a worthwhile thing economically, but recessions are, IMO, all about confidence. When people start buying things because they think they're going to have plenty of money next month, the economy will pick back up.

[exUte]

Originally Posted by TripletDaddy

How weird that fuel prices are so high, thereby affecting every facet of our lives, while we are waging war in the Middle East. I am sure there is no relationship there.

gas prices because A) we have no domestic production, no new refineries, etc. vs. B) war in Iraq?

If it is B, it IS because the liberals won't allow anyone to drill anywhere in or off the coast of the US. Well done liberals! I applaud you for your foresight.

[Mars]

I love it when libs bitch about the soaring gas prices. Then turn around and support the Cap and Trade Bill. That is the definition of "retarded".

[hyrum]

Originally Posted by Spaz

The process of literally destroying capital is certainly not a worthwhile thing economically, but recessions are, IMO, all about confidence. When people start buying things because they think they're going to have plenty of money next month, the economy will pick back up.

Not just people (who, in general, probably already have enough debt and spend too much relative to income) but businesses and investors. There are a lot of companies that are carrying huge cash surpluses on their books, they should be out there investing in new R&D, more efficient production, etc, but they are afraid. So the _thought_ that we are in recession (actually we aren't - yet) may lead to real recession.

I think its funny the online news sites have big headlines about the fall in the Dow today, but just yesterday the Dow was UP over 200 pts, and that was given much less attention (yeah I know the compounding of that and the unemployment rate and crude oil prices make for a triple-news whammy).