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Forums - General - Relax, the end isn't nigh - 2012

ironman on 22 October 2009
Avinash_Tyagi said:
ironman said:
Avinash_Tyagi said:
ironman said:
Avinash_Tyagi said:
ironman said:
Avinash_Tyagi said:
halogamer1989 said:
No, it is not the end of the world. I can tell you one thing, though. It is the end of Obama--that much is almost a guarantee. Mitt Romney 2012.

Actually Obama will likely win reelection easily, the state of the economy in 2012 will pretty much guarantee it

lol what? his numbers are dropping, he will easily get creamed...unless the GOP pops out another John Mcain *shudders

his numbers dropped because of rising unemployment, but that's nearing the peak, unemployment will begin dropping next year, by October 2012, three years from now, unemployment will be back around 4-6%, at which point his numbers will be back in the 60's, minimum, lol

Doubtful, unless he creates a bunch of pseudo government jobs...which I believe he is planning on doing, meanwhile, the private sector will shrink even more. I don't see him getting a second term.


  ROFL, even if they started creating government jobs it wouldn't matter, think for a minute, the main engine of the economy is consumption, and consumption is based on people having disposable income, even if you have a government job you spend money on goods and services, when companies sell more goods they expand their production to meet demand and hire more workers, so it doesn't matter, at the end of the day the economy and private companies grow and employment rises, thanks for playing.

Of course you forget that government jobs are funded by the private sector. The system that he wants to put into place is unsustainable. I'm suprised you don't know that.

No, actually its covered by deficit spending and tax revenue, which is sustainable in the short term, other countries continue to cover our deficits, and will for the next decade or so, as US is still the most important single market WW.  Actually a lot of private companies rely on the government for their funding, government contracts, so you've got it backwards.

Once we get out the the recession and our economy is churning along, at that point we'll need to cut spending and raise taxes and begin paying off debts, but that is a while off.

Actually, many countries are starting to turn their backs on us. So what happens when Obama's government jobs are the majority, The rich business owners will shut down because their taxes will be too high (and let's face it, a millionare can retire early) and the poor ones will go out of business, then who is left to pay taxes? guess what, the whole system comes crashing down, and we ge another recession, only this time, nobody lends us money...what do we do then? Obama and congress are spending way too much, and subsudising too much. Let the free market work and it will rebound, it always does, it's when government gets involved that the process slows down. I say cut spending, stop subsidizing businesses that were irresponsible, lets get our year or so of pain, and get back to living life.



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Avinash_Tyagi on 23 October 2009
ironman said:
Avinash_Tyagi said:

   

No, actually its covered by deficit spending and tax revenue, which is sustainable in the short term, other countries continue to cover our deficits, and will for the next decade or so, as US is still the most important single market WW.  Actually a lot of private companies rely on the government for their funding, government contracts, so you've got it backwards.

Once we get out the the recession and our economy is churning along, at that point we'll need to cut spending and raise taxes and begin paying off debts, but that is a while off.

Actually, many countries are starting to turn their backs on us. So what happens when Obama's government jobs are the majority, The rich business owners will shut down because their taxes will be too high (and let's face it, a millionare can retire early) and the poor ones will go out of business, then who is left to pay taxes? guess what, the whole system comes crashing down, and we ge another recession, only this time, nobody lends us money...what do we do then? Obama and congress are spending way too much, and subsudising too much. Let the free market work and it will rebound, it always does, it's when government gets involved that the process slows down. I say cut spending, stop subsidizing businesses that were irresponsible, lets get our year or so of pain, and get back to living life.

Taxes aren't going up in the short term nor will government jobs ever become the majority, so you can stop with this fearmongering, the number of jobs needed to be lost and then created by the government to make them the majority would be huge, even moreso than great depression level, we aren't even anywhere near that, secondly we are going to continue to deficit spend for years, the reason is that as long as the economy is down, it makes no sense to try and balance the budget, they tried that in the great depression and it made things worse, you don't balance the budget in a downturn, and countries like China are still going to be buying up our debt, so we're ok for that.

 No if we try and let the free market work without government intervention,we'd be in a depression and we'd likely never get out, consumers wouldn't spend, banks and financial institutions wouldn't lend, companies wouldn't hire and would shave off even more jobs or go bankrupt, and prices would fall.  This isn't a type of situation that the free market could fix, in fact its the government action that prevented a depression and is keeping us propped up right now, in a few years when the economy has recovered, and things are going smoothly, then we need to cut back on spending and probably raise taxes a bit, but that needs to wait



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)