I've been feeling the stretch of economy for the past years and now it's starting to hit the people that are making a little more. I know some that are starting to get real paranoid about it going to almost anarchy. anyone have any thoughts about this. I think it's going through it's waves, but will probably not crumble completely.

Call me a pesamist but I realy think I am a realist....we may be in searious trouble....soon we may not be worried about the price of gas, but standing in a bread line. God help us.

Personally, I think we are on the verge of the next Great Depression... I do hope that I am wrong.

"Pessimist" --

Since Reagan and deregulation there's been a record transfer of wealth to the rich. You can verify that fact with some simple searches for economic/financial data.

In the first Great Depression (1929) financial markets collapsed because investors were buying stock on credit. The current financial crisis is occurring because investors have over-extended their credit holdings without sufficient capital to back their positions.

And now they want the people they've transferred all the wealth from to bail them out.

250,000 miles to the moon. You could pave that distance with $700 billion at the rate of $280,000 per mile.

I'm reminded of the lyrics to a song........Sure was a good idea...till greed got in the way.


Between corrupt politics and greedy businessmen,we have been dumped on.Anyone who does not believe this is not an optimist but an ostrich.

I am a right wing conservative and I have faith in the fortitude of the American people.However,I'm mad as hell at those who orchestrated this catastrophe and I'm just as mad at those who sat idly by and did nothing to prevent it.

This has all the makings of a repeat of the 1929 crash.

I'm definitely concerned about the investments in my retirement account. While not a tremendous amount of money, it's just about all i have.

Things are not as good as they could be, but we are in far better shape than the majority of other nations on the planet. Our economy leads the world. Our workers are the most productive. I think a large part of it is the drive-by media swine are using this to promote a Democrat candidate and to blame it all on Republicans. 95-96% of all US mortgages are being paid on time. The 4-5% are loans that never should have been made or were made to people who never had any intention of living in the house. They bought it for the profit potential of turning it when the time was right. These loans went south because there were so many of them with so much money loaned out that there was less money left to loan to people who needed it and could pay it back.

Very simple: You loan me money. I can't pay it back, but you don't know that and you didn't ask. You come to me later and say "I need my money for a project. Please pay me." I say "I don't have the money and I can't pay you." Suddenly, you are in deep shix because you have loans to pay yourself. That's what has happened. In the interests of PC and at the demands of the Clintoon administration, loans were made to people who couldn't pay them back. The rules to qualify were set so low that anyone who even thought they might like to own a house was given the loan. You didn't see this in the car-dealing business because owning a car isn't part of the "American Dream." If Clintoon had made sub-prime loans the order of the day for buying cars, Detroit would be in even deeper shix than it is already, if can you imagine that.

Some are trying to say that blame should be equally spread between Democraps and Republicans. I say that's a load of horsehillary. If the Republicans had stood up and said "In ten years, this low-interest homeloans stuff is going to bite us in the axx big-time," the media would have crucified them, called them extremists for wanting to keep millions of Americans out of homes and forever keep the American Dream out of reach, those evil, racist bastard Republicans. Yeah, well now we see they were right, Clintoon and the liberals were wrong, and you and me get to pay for the clean-up of the liberals' "good intentions" gone to hell...

After today anyoneone who is not worried is lying to themself....the worlds banks are falling apart and the world stock markets are setting records...god help us

It's always darkest before the dawn. Are we close to that point? I don't know. One thing is for sure-- when it's all said and done, getting a loan for anything is going to be much more difficult and those who do get them will be quite well qualified to repay them. And that is how it should be. America will come back. We will come back sooner than other countries, and stronger, too. We will have learned a powerful, painful lesson-- one that I hope we never forget.

Itis very bad where I live, Im a Contractor and Building Inspector. No one has any work.

Maybe this economic decline is all the reason the federal gov needs to restructure our currency, such as the Amero like the euro in Europe. R.

Fuel out in the bush is around $10.00 a gal,we got $1.35 a lb for salmon in the 1980's(2008 .75),freight is $1.00 a lb,etc.

That being said my family are resisting the push from the government to get everyone in a little cluster under there thumb.


Jim Pope & Vannoy Landing Alaska

Monday now . . . Friday the DOW took a major dump. I can't keep track of where it is or what the point score is doing, the one that "dips below 900 or 9000 or whatever.

Paul Krugman, 2008 Nobel in Econ. was telling some pundit the other day, Moyers, Rose, Brokaw, I don't think Larry King . . .

"It's gonna take another 800 Billion to sort things out."

I think it was Tom Brokaw on Meet The Press.

Brokaw's reaction was, "Round it out to another trillion?"

Krugman's rejoinder, "Yeah, sure, once you figure in incidentals."

I'm sitting fine. Others are not.

A lot of the farm/ranch people I know got another freezer and kept as much crop on the farm as possible. I know, I have the old '59 Chevy truck loaded with small white beans in the machine shed.

So, if things get rough, I have the raw material for a lot of gas on AR.

i see it i am around different people daily people are frustrated with our government and beleive they are screwing us and that their greed has controlled their desicion making . but i wonder if we will react or just go along as we have for the past 40 years or so. i personally beleive we need to react before it is to late .

plus if they really want to fix the economy give the money that they send to foriegn aid and bailout to the legal US citizens and we will fix it in the natural order . but they wont do that . it makes to much sense