Re: Food prices are getting idiculous

Gregory Morrow wrote:
Goomba38 wrote:

notbob wrote:
On 2008-04-16, kilikini <kiliki...@xxxxxxxxxxxxxxxxx> wrote:
I don't know. Obviously this doesn't affect a non-USA'ian, but what do you
folks think about the housing crisis, rising gas prices, taxes and such? It
can't be just me who's affected.
It's not. The current administration won't come right out and say so, but
many people believe we are waaay beyond recession and have gone straight to
the D-word ...Depression!. One article I read said the housing market may
not return ever. Japan started this same housing downturn 10 years ago and
it still hasn't turned around to this day. If that isn't depressing enough,
read this:
http://falkvinge.com/2008/03/why-us-is-collapsing.html
brought to you by,
nb ....your friendly neighborhood doom 'n gloom man ;)
I think the way some folks jumped on the idea of "recession" and sent
out such fear (premature perhaps?) has caused it to snowball into more
than it should have been. Fear of impending doom caused people to stop
spending or making changes.



Yup...and as far as the mortgage "crisis" goes most every single story/
interview I've seen with people falling behind is that they did NOT
read "the fine print"...pretty dumb! Also, many had no money/marginal
credit to start with and they were taking a big gamble that their
house value would go up or they were simply speculators. Oops, some
lost!

There was a story a coupla weeks ago on the ABC evening snooze about
some upper middle class couple in Florida, living in a huge McMansion,
they'd bought a Miami Beach condo to flip. Now they are stuck with it
and are having to reign in their spending. Cry me a river, why was
this even a *story*!?

If some folks have been scammed out of money they should, naturally,
get some assistance. But those who created their own mess should get
no more government and taxpayer help than those who lose at the craps
tables in Vegas...they are owed nothing.

As for rising gas and energy prices, we in the US are finally seeing
prices somewhat adjusted to what other First World industrial nations
have been paying all along. We've seen a LOT worse, e.g. the oil
shocks of the 70's. We'll adjust, Americans are a resilient lot...


--
Best
Greg




Hear, hear.

George
.

Relevant Pages

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