US Is at the Start of 500-Day Retail Recession: according to Analyst - Polidicks

[QUOTE=Spirit_Breaker;31357963][IMG]http://i51.tinypic.com/9ll5bl.jpg[/IMG][/QUOTE] Shit, I've only got $44,999.99 also meaningful username

500 Days of Recession: The year's most depressing romatic comedy.

good thing I just bought my new xbox 360, I alone am keeping the economy afloat! [editline]26th July 2011[/editline] [QUOTE=Sega Saturn;31356410]I have no doubt that if the debt ceiling isn't raised, and we default, that the US government will be thrown out and a new government will take its place, complete with new constitution. We've been at the breaking point of partisanship for two years now. Another depression will end any legitimacy that the government has left.[/QUOTE] Everybody, start packing. We're goin' to Mexico!

[QUOTE=Lambeth;31358039][i]You are stupid.[/i] ~ Dwight Eisenhower[/QUOTE] [i] you can never trust quotes from the internet[/i]~Ben Franklin

This country won't default, believe me, from an economic standpoint it won't shoot itself in the foot. The dollar is used as a world reserve currency, default for the US will spell the loss of the military industrial complex and a global shift in corporate power. A lot of the people who have vested money (corporate interest and lobbies) in the US government will lose a lot of money if this country defaults. The finances of a government can not be compared to that of an individual, just because you exceed a certain debt limit doesn't mean you're going to be bankrupt, there are dozens of countries all over the world with higher government debt to economic output levels - Japan, Switzerland, Germany etc. What's gonna happen is this thing's gonna get extended, this is just political theater right now, because after all the ones who actually "own" the government (bankers, corporations, interest groups) will not allow their own stream of revenue to be damaged since their business model depends on the functioning of this government.

It's still sickening that politicians are playing chicken with something as dangerous as default.

[QUOTE=Crazy Knife;31362867]What's gonna happen is this thing's gonna get extended, this is just political theater right now, because after all the ones who actually "own" the government (bankers, corporations, interest groups) will not allow their own stream of revenue to be damaged since their business model depends on the functioning of this government.[/QUOTE] Yeah right, that'd make the Republicans (the ones who back most corporate interest) look even more inept. Holding out until the very end and then just giving up? The ramifications would be unthinkable for them.

[QUOTE=Crazy Knife;31362867]This country won't default, believe me, from an economic standpoint it won't shoot itself in the foot. The dollar is used as a world reserve currency, default for the US will spell the loss of the military industrial complex and a global shift in corporate power. A lot of the people who have vested money (corporate interest and lobbies) in the US government will lose a lot of money if this country defaults. The finances of a government can not be compared to that of an individual, just because you exceed a certain debt limit doesn't mean you're going to be bankrupt, there are dozens of countries all over the world with higher government debt to economic output levels - Japan, Switzerland, Germany etc. What's gonna happen is this thing's gonna get extended, this is just political theater right now, because after all the ones who actually "own" the government (bankers, corporations, interest groups) will not allow their own stream of revenue to be damaged since their business model depends on the functioning of this government.[/QUOTE] It will default because the Republicans will try to do everything to prevent the President and the Democrats from being successful, and make the President a 1 term one. That means screwing the country over and allowing the United States to default. They are that stupid and crazy, or they are assholes. Unfortunately, the US will default.

[QUOTE=Trunk Monkay;31362668][i] you can never trust quotes from the internet[/i]~Ben Franklin[/QUOTE] [i]You are a buttface[/i] ~ Lambeth

[QUOTE=Lambeth;31362947][i]You are a buttface[/i] ~ Lambeth[/QUOTE] [I]"Stop these ridiculous quote posts!"[/I] -Megafanx13

Both parties receive political contributions & corporate lobbying, not just republicans.

"Because of the widespread recognition that humankind could not afford a Third World War, the United Nations was established to replace the flawed League of Nations in 1945 in order to maintain international peace and promote cooperation in solving international economic, social and humanitarian problems." - Wikipedia I may be foolish, and this is most likely a idiotic question but if the default happens, is it possible that the UN can crash down or be weakened? Yeah, wikipedia, right?

[QUOTE=Roof;31363106]"Because of the widespread recognition that humankind could not afford a Third World War, the United Nations was established to replace the flawed League of Nations in 1945 in order to maintain international peace and promote cooperation in solving international economic, social and humanitarian problems." - Wikipedia I may be foolish, and this is most likely a idiotic question but if the default happens, is it possible that the UN can crash down or be weakened? Yeah, wikipedia, right?[/QUOTE] Nobody is sure what will happen because the debt ceiling has never not been raised before.

[QUOTE=Crazy Knife;31363084]Both parties receive political contributions & corporate lobbying, not just republicans.[/QUOTE] Yes, but in terms of who actually supports corporations more often, Republicans do it far more.

Cut war budget by 50%, invest money in health care and education, profit.

[QUOTE=nikomo;31363333]Cut war budget by 50%, invest money in health care and education, profit.[/QUOTE] Not going to happen, Republicans control the House of Representatives.

There is pretty much a 0% chance the country will default. It might take up until the last minute but they're going to raise it. At worst it'll be the Republican bill or something where they'll raise it long enough for a few months so they can do it all over.

Is it bad that I kinda want the economy to crash, just to see what happens? I mean, yea I would probably die or end up on the street, but I still want to see what would happen for some reason. Besides maybe the people who would survive that would do things better....

[QUOTE=PvtCupcakes;31363711]There is pretty much a 0% chance the country will default. It might take up until the last minute but they're going to raise it. At worst it'll be the Republican bill or something where they'll raise it long enough for a few months so they can do it all over.[/QUOTE] There is so many things a country like ours can do to offset a default and none of them are even being talked about. Even if, hypothetically they didn't raise the ceiling (and they will, don't worry about it), they could offset a default by selling off assets or cutting spending or ending wars. These things aren't even being considered. Not like it matters anyway, the debt ceiling has never been taken very seriously and it'll all be business as usual in short order. Of course one has to believe that raising the debt ceiling trillions of dollars is good for our currency to be optimistic about a situation like this.

[media]http://www.youtube.com/watch?v=heORiZ8l484[/media]

[QUOTE=DeadKiller987;31364391]Is it bad that I kinda want the economy to crash, just to see what happens? I mean, yea I would probably die or end up on the street, but I still want to see what would happen for some reason. Besides maybe the people who would survive that would do things better....[/QUOTE] Grow up when you actually have a familly to support and bills to pay you really do not want to see this happen.

[QUOTE=Atlascore;31369307]If the economy collapsed it would be rebuilt, people wouldn't just drop dead in the streets, in the end we would all probably be better off and the economy would be stronger.[/QUOTE] Economies don't just magically come back to life, you know?

[QUOTE=Atlascore;31369420]And people don't just give up all hope and stop trying, if we can get through one depression we can get through another, especially with all the technology we have now.[/QUOTE] That's certainly true, but the circumstances are very different.

[QUOTE=PvtCupcakes;31363711]There is pretty much a 0% chance the country will default. It might take up until the last minute but they're going to raise it. At worst it'll be the Republican bill or something where they'll raise it long enough for a few months so they can do it all over.[/QUOTE] I don't share your optimism, the republicans think this will destroy the President's reputation and they will allow the default to happen just so they can take power in 2012. At least, that is what I think. Even if the Democrats decide to go with the republican plan, they might vote against it. But yes, I don't want this country to default.

[QUOTE=Atlascore;31369420]And people don't just give up all hope and stop trying, if we can get through one depression we can get through another, especially with all the technology we have now.[/QUOTE] I don't doubt we'll make it through this, but it's coming at a really inconvenient time for me, and a lot of Americans will struggle through it. [editline]27th July 2011[/editline] [QUOTE=ForcedDj;31372030]I don't share your optimism, the republicans think this will destroy the President's reputation and they will allow the default to happen just so they can take power in 2012. At least, that is what I think. Even if the Democrats decide to go with the republican plan, they might vote against it. But yes, I don't want this country to default.[/QUOTE] The Republicans aren't going to let the economy default just to tarnish the Democrats' reputation. Not even they're [I]that[/I] bad.

Don't forget, after we deal with ourselves, we still have to deal with China.

Perhaps this will teach people that buy a iphone when they can't even pay their rents.

[QUOTE=Atlascore;31372147]There's no way they're taking power in 2012, nearly all of their candidates are idiots that don't even care or talk about the economy, and the only remotely sensible candidate they have is a Mormon so any chance of him winning is gone. Americans may be idiots, but they're not stupid enough to vote in the people that have only been making this whole situation worse, anyone watching the news knows it's the republicans refusing to accept any deals. [editline]27th July 2011[/editline] Yes they are, something happened in between 2000 and now that turned every republican into a senseless idiot that wants to ruin this country.[/QUOTE] They voted those people in in the first place, I think stupidity could do as stupidity does, and vote those idiots in again.

[QUOTE=nikomo;31363333]Cut war budget by 50%, invest money in health care and education, profit.[/QUOTE]Please bear with me, I'd like to play a little devil's advocate. A lot of that money goes to sending/keeping soldiers out on the battlefield; soldiers that would be unemployed back at home. If we did that, wouldn't that result in unemployment getting worse and the economy further suffering?

[QUOTE=ForcedDj;31372030]I don't share your optimism, the republicans think this will destroy the President's reputation and they will allow the default to happen just so they can take power in 2012. At least, that is what I think. Even if the Democrats decide to go with the republican plan, they might vote against it. But yes, I don't want this country to default.[/QUOTE] A few might think that's a great idea, but the sensible Republicans such as, according to his remarks, Sen. McCain, won't let that happen.