http://money.cnn.com/2008/12/01/news/econo...on/index.htm?postversion=2008120112

smoke 'em if you got 'em

this pretty much makes obama a dead fish.

America is at recess in all aspects.

here is an idea media.... STOP TELLING PEOPLE THERE IS A RECESSION

"The fundementals of the economy are strong"

my friends

the United States. putting the "mental" back in "fundamental".

Recession doesn't mean anything. Recessions happen all the time; it's just now that people feel the need to be worried about money.

not having money would make me worry about not having money also.

Clearly, but this recession is no different from other recessions. The bailout was the answer to an "economic crisis" but, all in all, the US isn't doing so bad these days.

http://www.brillig.com/debt_clock/

Okay, but when is the debt to be paid? When is someone going to knock on the US's door and demand payment? Never. Never mind the fact that about half of that debt is intragovernmental: the US owing itself money, which basically never gets paid off. The only real (take note of "real") way to pay off the debt as whole in full is to print more money which causes prices to go up which goes hand in hand with inflation. Even though an extreme, you don't want a repeat of post WWI Germany, do you?
The fake way to pay off the debt is to use digital money (not really in existence, not worth anything, almost like a physical dollar bill) and just call it even without anyone ACTUALLY getting the money.

And no, I did not get this information from Zeitgest Addendum or whatever it's called.

According to the article, we've been in it since dec of '07.
Tell us something we don't know!

how does printing more money pay off our debt? all it does is invent more debt.

did you watch this?

www.iousa.com

There's not enough of physical US currency in existence in the world to pay off the debt without using the digital money I was talking about. Money that people think is in existence but isn't. That's what most of the debt is made out of anyway.

Yes it does create more intragovernmental debt but it pays off the international one. The US isn't going to demand that it pays itself.

And no, I haven't watched that yet but I'd heard about it. Been meaning to, actually. I'm just talking about what I've learned in Economics class so far.

well either way it sucks... and i think its going to have drastic consequences in the near future.

Isn't one of Obama's initiative's to pay off the debt? That won't happen in 4 or 8 years. Taxes will probably go up. People will complain. The debt will be phased out when THE ILLUMINATI TAKE OVER THE WORLD anyway.

you can't just print money to pay debt. they would need to print money, loan it to banks and then pay off the debt with the taxes returning to the government. I don't think there is a method to dump cash into the federal budget from the federal reserves.

Yes. I just failed to say that.

dude, I work in the Federal Reserve and they're constantly shredding money here. This place sucks.

Anyone else laugh after they announced this and the Dow plummeted 600 points? Like, where the fuck have you people been? Us stupid Liberals have been saying this for a year.

The Dow is an index that measures how people think the economy is doing. Of course it's going to plummet after they announce that we're in a recession lol.

really, it's what 30 companies are doing.

Well what's the price of a stock beside what it's stock holders value it at. People are going to value a stock low if they feel there's a recession going on. The Dow is composed of 30 of the biggest companies' stocks which most people probably have. Do teh mathzorz.

it can be wrong too. look at the S&P 500. it can be up 100 while the dow is down 1000. the 30 or 500 companies could just be taking a beating that day.

No, exactly. That's what I'm saying. It's very much prone to error. It's just an inaccurate gauge of how the American public is feeling economically.

openmouthinsertweiner

opensmouthbutwherestheweiner