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Market Meltdown – Getting the US Economy Back on Track
April 8th, 2009 | 
Author: 
http://www.americanprogress.org/issues/2008/01/market_meltdown.html Since the beginning of the current business cycle in early 2001, family incomes in the United States have not risen, yet the costs for important consumer items such as housing, health care, transportation, energy, and food all climbed at often breathtaking speeds. To afford these necessities, families piled on record amounts of debt relative to their income—at a rate more than four times faster than that in the 1990s …
Duration : 0:2:14
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Posted in Christian Debt Financial | 
Tags: analysis, commentary, credit, Debt, docum, dollar, economy, market, progressive, recession, stimulus, street, subprime, wall
Before we give …
Before we give money to Americans to spend in an attempt to boost the economy, shouldn’t we teach them how to spend their money responsibly? Solving the problem of middle class debt won’t be effectuated if we give money to irresponsible spenders who, given a tax rebate, are only going to be more enticed to delve further into debt? How does this help the big picture?
Debt has been the …
Debt has been the number 1 industry in the USA for quite some time now. Not a good thing and it is now apparent to everyone.
The way Earthquake …
The way Earthquake affected people afraid of their cracked walls & roofs to be falling on them are sitting under the open sky in the chilled cold, similarly the US investors afraid of declining economy are not investing any more in the collapsed US financial crisis scared of their investments to distort in the worst way, thus making the US economy balloon burst altogether. 3:54 And (the unbelievers) plotted and planned, and Allah too planned, and the best of planners is Allah.
This is about the …
This is about the same situation Pakistan is passing thru. Countrys economy is being loaned/sold @ the rate of a common mans life leading to anxiety & flux in all departments of life ensuing in no-investment crisis & every new govt blaming the past for all the hazards & again taking its hands out to beg for more loans. The country is being sold out eventually by parts, with disorder, joblessness, fake inflation, injustice & hypocrisy as the main issues resulting in anarchy & suicide bombing,
Obama put us back …
Obama put us back on track ha to all u McCains hahahaha
Obama will destroy …
Obama will destroy the EVIL rich and give their money to us po folks.
Have you trusted in Barack Obama as your personal saviour?
When consumers buy …
When consumers buy cars they get added to GDP. But cars wear out and must eventually be replaced. When consumers buy replacements they get added to GDP. But the cars that wore out never got subtracted from anywhere.
Economists don’t mention NDP much but only CAPITAL goods get depreciated.
Economists can’t do algebra.
They don’t mention the planned obsolescence of automobiles either. Planned obsolescence is good for the stock holders of the corps that make the junk. If consumers are DUMB!
The U.S. economy …
The U.S. economy has had chances to collapse many times during past 10 years. And it hasn’t. The economic crises after the 9/11 attacks were considerably worse than the current situation, and we still pulled through. The American economy *can’t* collapse. That would mean failure world-wide, due to America’s reach. London, Asian Tigers, European Union would collapse. King Dollar will find his way back on track, don’t you worry.
What? Of course its …
What? Of course its value is different, times are changing, dipshit. That’s like saying “OH MY GOD THE RUSSIAN ECONOMY ISNT AS STRONG AS IT USED TO BE 30 YEARS AGO IN THE USSR!!!!” Of course it isn’t. That’s how economies work: they fluctuate. Our debt is only 8 trillion dollars, which is only about 70% of our GDP. Japan has a debt of over 150% of their GDP, so why aren’t you complaining about them? Oh yeah, it’s because America is king and there’s nothing you can do about it but .
At 1:14 you state …
At 1:14 you state that had the Administration paid attention they would have helped to boost wages so that the middle class could cover their debt. This does not make sense to me. The only wage lever the Admin has is the minimum wage. I presume the middle class is not a minimum wage family so had the Admin raised the minimum wage I do not see this as helping the middle class. How do you propose the Admin would have raised middle class wages?
some say if the us …
some say if the us catches a cold, then the rest of the world catches a cold! but make no mistake the chinese can live well with only earning cents on the dollars could you? the mexicans can live making 5 bucks a day could you? but if you still don’t get it, then keep dreaming. if you supported george’s bush war and policies you are guilthy! of what’s coming ahead. 9/11 is a lie how you know it, everithing is being set up this way so you contribute to the new changes that afect everyone1!!!!!!!!
How can they revive …
How can they revive the dollar? It’s value is 1/100 what it was a century ago. And your debt is 88 trilon dollars. And you pay intrest to banks for your own currency. And you have to borrow money to pay the intrest of the debts you have and even that is not enough.
So how will you revive the dollar.
But not the dollar. …
But not the dollar.. It to late, the US-economy is about to collapse
What about a new …
What about a new Works Progress Administration? Our infrastructure and our out-of-work construction workers could both use the help, and all of society would benefit.