Ok, well you must have pulled out of the stock market then after your loss. Those I know who was invested in the market lost in 08 but gained alot back by just letting it ride.....
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Obama gives away another 500 million
- Thread starter steaver
- Start date
Steaver, ultimately they lost because of the dip. here was no spike so in the long run they lost.
If there had been no 2008 disaster there nest eggs WOULD NOT HAVE HAD TO RECOVER!
Time is money. The recovery time cost us ALL BIG-TIME.
HankD
Well help me understand this because you tied the deficit in with the reason you lost money in 2008. But during that 10 trillion dollar deficit climb millions of people, yourself included, made a bunch of money. Thus you prospered because of the deficit expansion. Then when you lost your money you blame it on that same deficit, which is what gained you all that money to begin with.....
That is why I have come to not care about the deficit. They keep crying it is at crises level!!!!!........yet it has gone on increasing for the past 53 years of my life and has always been at "crises level". I believe they said it was over for us when it hit 1 trillion, but here it is at 20 trillion and life goes on. And I have yet to have anyone tell me how it can be reversed......what must be cut and how much so that it will reverse itself and trend down.Yes its a paradox.
HankD
You know when I think about it steaver I feel the same way.
Probably (IMO) the best way to reverse it or at least put the brakes on it is to go back to the gold/silver standard but that has about the chance of a snowball in a pizza oven.
HankD
Just to put the brakes on would mean spending less per year than is being taken in per year by the amount of interest that is currently being added per year. Now who is willing to begin the cutting of our social programs?! Ain't never going to happen so our only hope is a HUGE success with Trump adding millions of tax payers to the system.....You know when I think about it steaver I feel the same way.
Probably (IMO) the best way to reverse it or at least put the brakes on it is to go back to the gold/silver standard but that has about the chance of a snowball in a pizza oven.
HankD
I don't see it as something Congress has really influenced. I think you're dead on with mentioning the "sky is falling," because that is something that has impact. Simply present propaganda in the media that it is indeed falling and guess what...the purse strings cinch. That is, in my own opinion, the very reason for the so-called "recession." Now we are hearing "a boom is coming," and guess what, I'll bet it will.
God bless.
Hey how you been brother? Still checking in I see....
Doing okay, brother Steaver, just under a lot of stress lately and felt like relaying a few things among brethren. It seems that America has gone insane.
You are well I hope?
God bless.
If there had been no 2007 Democratic Campaign there would have been no disaster.
God bless.
I am not a conservative per se. Pro-life:Yes - Big time.
Social programs (namely Social Security) need to be very high on the "things to improve list" IMO.
Next socialized medicine.
Food stamps - Yes - especially for one parent families.
Social Security needs to be reformed from the ground up and there are several ways to do that effectively.
IMO, It can be done steaver but not in one election cycle, three or even 4 to wrap it up without folks stampeding in panic mode.
HankD