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In our opinion: Toughest times still ahead
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The question is: When prosperity returns, will we go back to our old ways of living beyond our means or will we learn from this experience and change our habits permanently?
Some will, but I'm afraid many will not.
Surprise.
The world is not ending.
The worst is just about here.
2010 looks very promising
When theres deflation, sometimes called a recession or depression, the wealthy people have the advantage of seeing the value of their money increase as compared to property and are able to buy up that which the little people can no longer afford.
The point is simply this, wealthy people promote economic depression while the little people would promote boom times. And even though the little people out number the wealthy, the wealthy have the firmer ground to stand on
"The Ascent of Money" for perspective.
Truer words were never spoken. Our economy runs on about 80 percent confidence. Lose that and fear and trembling set in. Followed by downturns, recessions, and depressions.
Democrats have been badmouthing our economy for most of the last eight years, all to try to discredit Bush whom they hated. And they finally struck pay dirt. Bush left office discredited. But there are unintended consequences as we all can now see. God help up to rebuild confidence.
All is fine and dandy.
This is just more liberal lies.
Quite frankly I have worked my butt off for years so I could be where I am at, and I still work my butt off today. I did 5-years of undergrad to finish my major and pre-med requirements, getting mostly A's along the way. Then 4-years of rigorous medical school equivalent to about 30 credit hours per semester during the first 2-years, then up to 80-hrs/week during the last 2-years. After that came 80-hours/week as a resident, responsible for the lives of an entire hospital on a regular basis. Now I work very hard as a practicing physician.
So why does Obama think we are not paying our fair share, and whose back am I stepping on to earn my salary. Let's see if you let the nurses or ancillary staff take care of you or a loved one without a doctor when the time comes.
wrong, wronng wrong.
You CAN have inflation and deflation in boom times as wells as recessions and NOT tied to either.
What inflation and deflation are connected or tied to is supply and demand, and are tools to manipulate demand, often based on supply.
Gas went down.
I have no debt except my mortgage which is $1500 a month.
My house value has "dropped" to $525,000 this year but my mortgage is $227,000.
I've never had it so good!
So why is my current tax rate not enough? Why do I need to give even more? Why should I lose my deductions that others are allowed?
People get paid based on supply and demand. There is a much greater proportion of society who can do coal mining, that is why they earn less. There are also very intelligent people who are coal miners. They chose that life over going through what I went through. Whatever the reason for their decision, I should not be punished for it by contributing involuntarily to their welfare.
I have never questioned that they contribute to society, although environmentalists probably disagree that they are beneficial. Because coal is Bad!!
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