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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Perhaps it is dead
Posted by:
Mr. Usery
()
Date: January 26, 2010 10:56PM
If the American free market system is based upon lending money to people who cant afford to pay it back...the American dream is dead.
http://video.pbs.org/video/1342007771
http://video.pbs.org/video/1342007771
Re: Perhaps it is dead
Posted by:
bloody blisters
()
Date: January 26, 2010 10:59PM
this isnt catfish! wtf i've been mislead
Re: Perhaps it is dead
Posted by:
Elle Diabla
()
Date: January 26, 2010 11:07PM
Good Lord. Welcome to 2006-2008. It's not like this anymore.
Leave the cave, Gandalf.
Leave the cave, Gandalf.
Re: Perhaps it is dead
Posted by:
Mr. Misery
()
Date: January 27, 2010 07:16PM
There's a reason it's called the american DREAM...because you'd have to be asleep (which most of this country is) to believe it. 500 years from now (possibly less), we'll be in the history books along with the Byzantine, Roman, and Mongolian empires. Americans should really stop thinking they're so special. We're all just part of a big shit sandwich, spread out over the same piece of bread.
Re: Perhaps it is dead
Posted by:
Organized Chaos
()
Date: January 27, 2010 07:27PM
Elle Diabla Wrote:
-------------------------------------------------------
> Leave the cave, Gandalf.
haha :)
-------------------------------------------------------
> Leave the cave, Gandalf.
haha :)
Re: Perhaps it is dead
Posted by:
eesh
()
Date: January 27, 2010 08:15PM
Mr. Misery Wrote:
-------------------------------------------------------
> ... we'll be in the history
> books along with the Byzantine, Roman, and
> Mongolian empires.
I think the EU will collapse before the United States.
Blessed are the murderous.
-------------------------------------------------------
> ... we'll be in the history
> books along with the Byzantine, Roman, and
> Mongolian empires.
I think the EU will collapse before the United States.
Blessed are the murderous.
Re: Perhaps it is dead
Posted by:
WashingTone-Locian
()
Date: January 27, 2010 09:01PM
eesh Wrote:
-------------------------------------------------------
> Mr. Misery Wrote:
> --------------------------------------------------
> -----
> > ... we'll be in the history
> > books along with the Byzantine, Roman, and
> > Mongolian empires.
>
>
>
> I think the EU will collapse before the United
> States.
Or China. China experiences 10% growth every year yet has a currency that isn't allowed to float against other currencies. There's a real chance that China could, in the coming years, slingshot into hyper-inflation like you saw in South America back in the 80s. That, combined with the fact that Chinese have had a little taste of freedom but still have the boot of oppression on their throats, could make for interesting times in Beijing.
---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm
-------------------------------------------------------
> Mr. Misery Wrote:
> --------------------------------------------------
> -----
> > ... we'll be in the history
> > books along with the Byzantine, Roman, and
> > Mongolian empires.
>
>
>
> I think the EU will collapse before the United
> States.
Or China. China experiences 10% growth every year yet has a currency that isn't allowed to float against other currencies. There's a real chance that China could, in the coming years, slingshot into hyper-inflation like you saw in South America back in the 80s. That, combined with the fact that Chinese have had a little taste of freedom but still have the boot of oppression on their throats, could make for interesting times in Beijing.
---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm
Re: Perhaps it is dead
Posted by:
WashingTone-Locian
()
Date: January 27, 2010 09:03PM
As for the American Dream being dead, drive down a street and look at all of the houses NOT in foreclosure. The fact of the matter is the majority of Americans are doing pretty well, despite the crappy economy and shitty housing market.
---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm
---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm
Re: Perhaps it is dead
Posted by:
eesh
()
Date: January 27, 2010 09:36PM
WashingTone-Locian Wrote:
-------------------------------------------------------
>
> Or China....
My worry on China (and India) is that as their citizens become wealthier consumers, they are using way more resources than ever before. China is eating up coal and steel like no tomorrow, and the demand is just going to balloon.
Blessed are the murderous.
-------------------------------------------------------
>
> Or China....
My worry on China (and India) is that as their citizens become wealthier consumers, they are using way more resources than ever before. China is eating up coal and steel like no tomorrow, and the demand is just going to balloon.
Blessed are the murderous.
Re: Perhaps it is dead
Posted by:
Excuse me
()
Date: January 27, 2010 10:19PM
You cant use the DC area as a barometer for anything.
Re: Perhaps it is dead
Posted by:
WashingTone-Locian
()
Date: January 28, 2010 08:35AM
Excuse me Wrote:
-------------------------------------------------------
> You cant use the DC area as a barometer for
> anything.
Even in very high foreclosure areas with very high unemployment, the majority of people have jobs and houses.
---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm
-------------------------------------------------------
> You cant use the DC area as a barometer for
> anything.
Even in very high foreclosure areas with very high unemployment, the majority of people have jobs and houses.
---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm
Re: Perhaps it is dead
Posted by:
Registered Voter
()
Date: January 28, 2010 09:28AM
WashingTone-Locian Wrote:
-------------------------------------------------------
> As for the American Dream being dead, drive down a
> street and look at all of the houses NOT in
> foreclosure. The fact of the matter is the
> majority of Americans are doing pretty well,
> despite the crappy economy and shitty housing
> market.
Just because folks are not in foreclosure does not mean the majority of Americans are "doing pretty well". The credit card companies are jacking up interest rates on folks who then either have the option to "close" their accounts or figure something else out. Sure, it is a credit issue, but they were able to make their credit payments before - having the banks jump interest rates for folks not even in trouble is ridiculous. The banks are borrowing money at incredibly low rates, and charging usury fees to the public for borrowing, even though it is the public's money that allowed them to stay in business due to the previous operations.
But yeah, saying folks are "doing well" when they are probably just "getting by" is a pretty far stretch. The numbers were down again last month - I don't see any big upsurge in spending by the public unless there is incentives offered by the Fed (which you then get to pay taxes on???). Funny shit.
I certainly hope things get better - I am just not seeing any real leadership from the Fed on this. And after the Whambulance of The Union the other night... well, we'll see.
If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University
-------------------------------------------------------
> As for the American Dream being dead, drive down a
> street and look at all of the houses NOT in
> foreclosure. The fact of the matter is the
> majority of Americans are doing pretty well,
> despite the crappy economy and shitty housing
> market.
Just because folks are not in foreclosure does not mean the majority of Americans are "doing pretty well". The credit card companies are jacking up interest rates on folks who then either have the option to "close" their accounts or figure something else out. Sure, it is a credit issue, but they were able to make their credit payments before - having the banks jump interest rates for folks not even in trouble is ridiculous. The banks are borrowing money at incredibly low rates, and charging usury fees to the public for borrowing, even though it is the public's money that allowed them to stay in business due to the previous operations.
But yeah, saying folks are "doing well" when they are probably just "getting by" is a pretty far stretch. The numbers were down again last month - I don't see any big upsurge in spending by the public unless there is incentives offered by the Fed (which you then get to pay taxes on???). Funny shit.
I certainly hope things get better - I am just not seeing any real leadership from the Fed on this. And after the Whambulance of The Union the other night... well, we'll see.
If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University
Re: Perhaps it is dead
Posted by:
Scat Brown(R)
()
Date: January 28, 2010 09:58AM
Republican Vince,
Did you see Bobbie Fran talk about limiting big government when our own party created big government in the first place? I don't understand the contradictions and double-talk. Do we Republicans think Americans can't see through our own bullshit?
Freedomly,
Scat Brown(R)
Did you see Bobbie Fran talk about limiting big government when our own party created big government in the first place? I don't understand the contradictions and double-talk. Do we Republicans think Americans can't see through our own bullshit?
Freedomly,
Scat Brown(R)
Re: Perhaps it is dead
Posted by:
Vince(!)
()
Date: January 28, 2010 08:11PM
Anyone else notice Easterns motors going out of business? Just asking..........