Just what does "US Economy Bad" mean?

2008-01-15 16:43:22

#1

Pug: UR father's brother's nephew's former roommate; +652|6977|Texas - Bigger than France

Here's a few recent threads. Basically stating how the US economy is being tubed. This is not a new topic, so I just put on what's recent.

http://forums.bf2s.com/viewtopic.php?id=90132
http://forums.bf2s.com/viewtopic.php?id=89591
http://forums.bf2s.com/viewtopic.php?id=89305
http://forums.bf2s.com/viewtopic.php?id=89054
http://forums.bf2s.com/viewtopic.php?id=88711

My question is simple:
What is your definition of a "bad economy"? 50% unemployment? Lack of food? Wut?

And given that definition...considering the US' current economic position...do you really feel like we are going to get there?

Current stats (from wiki cuz I'm lazy):
Single country GDP rank #1
Gross income per capita #7
GDP per capita #9
GDP per capita at PPP #2 to #6

So my question is simple really. How bad is bad? Which indicator do you want to look at?

Here's some references:
http://en.wikipedia.org/wiki/List_of_co … per_capita
http://en.wikipedia.org/wiki/List_of_co … per_capita
http://en.wikipedia.org/wiki/List_of_co … per_capita
http://en.wikipedia.org/wiki/List_of_co … _%28PPP%29

2008-01-15 16:48:49

#2

aj0404: It'll just be our little secret; +298|6785|Iowa...

"bad" for America means "not the best."
same thing goes for the way everyone is freaking out about our education because Japanese students are getting better test scores after doing their 6 hours of homework each day.big deal.

2008-01-15 16:49:50

#3

Cheez: Herman is a warmaphrodite; +1,027|6874|King Of The Islands

https://www.brendoman.com/media/linguo.jpg

US economy is bad.

My state was founded by Batman. Your opinion is invalid.

2008-01-15 16:50:47

#4

GunSlinger OIF II: Banned.; +1,860|7079

bad for us is like winning the lottery for most of the world.

2008-01-15 16:53:41

#5

ATG: Banned; +5,233|6964|Global Command

Bad economy is when your home value falls out from underneath you.
It's when your gross receipts are down 50%.
It's when major financial institutions begin to melt down and borrow money from other countries to stay open.
It's when your taxes becomes an unbearable burden.
It's when a large portion of the population does not participate and operates on a cash only basis.
It's when your government borrows money from Europe to keeps it's military bases open in Europe.
It's when your government borrows money from Japan to defend japan from China.
It's when your government borrows money from China to fund a war in Iraq.

All of this is happening right now, and the meltdown is just getting started.

Last edited by ATG (2008-01-15 16:54:28)

2008-01-15 16:57:14

#6

GunSlinger OIF II: Banned.; +1,860|7079

ATG wrote:
Bad economy is when your home value falls out from underneath you.
It's when your gross receipts are down 50%.
It's when major financial institutions begin to melt down and borrow money from other countries to stay open.
It's when your taxes becomes an unbearable burden.
It's when a large portion of the population does not participate and operates on a cash only basis.
It's when your government borrows money from Europe to keeps it's military bases open in Europe.
It's when your government borrows money from Japan to defend japan from China.
It's when your government borrows money from China to fund a war in Iraq.

All of this is happening right now, and the meltdown is just getting started.

sad part is we dont have to borrow. no bid government contracts are bad. a job that the military will pay a soldier 30k or 40k a year will cost the government 200k in that same time span for the same task but working through private firms.

2008-01-15 17:09:43

#7

lowing: Banned; +1,662|7086|USA

a bad economy in America means that irresponsible people will only be able to max out their credit cards on '46 inch LCD TV's instead of going for the 61 inch. Perhaps havingh to settle forthe 8 gig ITOUCH instead of the 16 gig model. Times are tough in America bros, send money!!!

2008-01-15 17:09:44

#8

LividBovine: The Year of the Cow!; +175|6815|MN

ATG wrote:
Bad economy is when your home value falls out from underneath you.
It's when your gross receipts are down 50%.
It's when major financial institutions begin to melt down and borrow money from other countries to stay open.
It's when your taxes becomes an unbearable burden.
It's when a large portion of the population does not participate and operates on a cash only basis.
It's when your government borrows money from Europe to keeps it's military bases open in Europe.
It's when your government borrows money from Japan to defend japan from China.
It's when your government borrows money from China to fund a war in Iraq.

All of this is happening right now, and the meltdown is just getting started.

One of the most accurate posts in a while.

Low interest rates drove up housing prices because everyone was upgrading. Now house prices have dropped because just about everyone who could refinance or upgrade, has. Now what? People lose equity, and in some cases have negative equity.

Anyways, you should hear the chinese talk about america. It is pretty funny. They, as a population, are trying to become more dominant than the US as a purchasing country. Yes I said PURCHASING country.

"The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation" - Barack Obama (a freshman senator from Illinios)

2008-01-15 17:12:02

#9

LividBovine: The Year of the Cow!; +175|6815|MN

lowing wrote:
a bad economy in America means that irresponsible people will only be able to max out their credit cards on '46 inch LCD TV's instead of going for the 61 inch. Perhaps havingh to settle forthe 8 gig ITOUCH instead of the 16 gig model. Times are tough in America bros, send money!!!

I think it may get more drastic than that if we are not careful. The problem is that people actualy think they deserve that 61" model, and will stretch their finances to get it.

"The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation" - Barack Obama (a freshman senator from Illinios)

2008-01-15 17:17:50

#10

Pug: UR father's brother's nephew's former roommate; +652|6977|Texas - Bigger than France

I'll get back to some questions for ATG, but I want this to stew for a while.

I ask this for a few reasons but the most is I'm not sure what "we're doomed" means. I don't have an opinion on whether we will fail or prevail in this matter, but I do have a few thoughts about where the "we're doomed" line is....

2008-01-15 17:23:34

#11

Kmar: Truth is my Bitch; +5,695|7036|132 and Bush

Posted before:

We need to become a nation of producers again. You could argue that the economy is headed for recession, but compared to downturns of the past, it’s not likely to be that bad. We’re unlikely to see, for instance, 10% unemployment or interest rates above 20% as we saw during the Carter years. Gas prices are high, but they’re not so high that they’re changing behavior yet, and we aren’t rationing or waiting in lines hours long to get gas. Etc etc. By nearly any standard you can apply, Americans are happy and content.

U.S. economy remains strong. It grew at a 3.1% rate during the first three quarters of '07 (and most likely the fourth).

U.S. household wealth climbed from $38.8 trillion in 2002 to $58.6 trillion in the third quarter of 2007, an unprecedented 51% surge in just five years. That includes the recent meltdown in home prices.

By any historical standard, Americans are unbelievably wealthy.

Xbone Stormsurgezz

2008-01-15 17:51:07

#12

unnamednewbie13: Moderator; +2,072|7207|PNW

ATG wrote:
It's when your government borrows money...

Sure sucks when your government ties its economy into the rest of the world. I mean, nobody'd want us to collapse then, would they?

2008-01-15 17:59:25

#13

FEOS: Bellicose Yankee Air Pirate; +1,182|6846|'Murka

Whatever the media tells us it means.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2008-01-15 20:06:09

#14

ATG: Banned; +5,233|6964|Global Command

unnamednewbie13 wrote:
ATG wrote:
It's when your government borrows money...
Sure sucks when your government ties its economy into the rest of the world. I mean, nobody'd want us to collapse then, would they?

Point taken.

2008-01-15 20:14:27

#15

Yellowman03: Once Again, We Meet at Last; +108|6670|Texas

$53 trillion dollar debt. Baby-boomer generation about to get benefits and will be getting them for next 40-50 years. Government can't pay debts, benefits, and projects (all this from the video).

However, it's the American people that are not doing anything. Many are oblivious to this fact, and most are apathetic and believe it's the governments responsibilty to fix it. However, if the government raises taxes to bring in revenue to fix this problem, the people will get upset. They'd rather suffer through depression during their reitrement than pay a litte more now to avoid recession.

I think I can safely generalize that Americans are the most ignorant and oblivious people of the Western developed nations.

2008-01-15 20:20:29

#16

GunSlinger OIF II: Banned.; +1,860|7079

Yellowman03 wrote:
safely generalize

give you a moment to think about that.

2008-01-15 20:23:49

#17

Yellowman03: Once Again, We Meet at Last; +108|6670|Texas

GunSlinger OIF II wrote:
Yellowman03 wrote:
safely generalize
give you a moment to think about that.

rofl...unless you're american...it's a pretty valid generalization.

2008-01-15 20:27:20

#18

S.Lythberg: Mastermind; +429|6882|Chicago, IL

It means that people who perform unskilled labor or those who failed to properly save for retirement are going to have their hands full...

For me, It means high interest rates when I get out of college, and probably fewer job openings.

2008-01-15 20:30:30

#19

Yellowman03: Once Again, We Meet at Last; +108|6670|Texas

S.Lythberg wrote:
It means that people who perform unskilled labor or those who failed to properly save for retirement are going to have their hands full...

For me, It means high interest rates when I get out of college, and probably fewer job openings.

meh...i'm not too worried about jobs...all the baby boomers who are retiring (not the unskilled laborer, the rich people with good jobs that can afford retirement) will leave their jobs behind all for our taking. High interest rates and taxes will be a problem tho

2008-01-15 20:31:39

#20

S.Lythberg: Mastermind; +429|6882|Chicago, IL

Yellowman03 wrote:
S.Lythberg wrote:
It means that people who perform unskilled labor or those who failed to properly save for retirement are going to have their hands full...

For me, It means high interest rates when I get out of college, and probably fewer job openings.
meh...i'm not too worried about jobs...all the baby boomers who are retiring (not the unskilled laborer, the rich people with good jobs that can afford retirement) will leave their jobs behind all for our taking. High interest rates and taxes will be a problem tho

lol, 65% of chemical engineers are set to retire in the next ten years...

I'm set for life, too bad for the poor folks though.

2008-01-15 20:31:53

#21

GunSlinger OIF II: Banned.; +1,860|7079

Yellowman03 wrote:
GunSlinger OIF II wrote:
Yellowman03 wrote:
safely generalize
give you a moment to think about that.
rofl...unless you're american...it's a pretty valid generalization.

generalizations are for idiots and bigots. But, you are from Texas. Most Texans I know are retards. I would say that is a safe generalization.

Last edited by GunSlinger OIF II (2008-01-15 20:32:45)

2008-01-15 20:36:36

#22

Catbox: forgiveness; +505|7151

GunSlinger OIF II wrote:
Yellowman03 wrote:
GunSlinger OIF II wrote:

give you a moment to think about that.
rofl...unless you're american...it's a pretty valid generalization.
generalizations are for idiots and bigots. But, you are from Texas. Most Texans I know are retards. I would say that is a safe generalization.

+1.... GunSLinger I sat there trying to think of what to reply to his retarded post about most Americans are ignorant and oblivious...

Oh to be a teenager again and have everything figured out...lol

Love is the answer

2008-01-15 20:38:20

#23

Yellowman03: Once Again, We Meet at Last; +108|6670|Texas

GunSlinger OIF II wrote:
Yellowman03 wrote:
GunSlinger OIF II wrote:

give you a moment to think about that.
rofl...unless you're american...it's a pretty valid generalization.
generalizations are for idiots and bigots. But, you are from Texas. Most Texans I know are retards. I would say that is a safe generalization.

my being form texas is not the point. They point is that most Americans don't know about the massive debt we have.

2008-01-15 20:38:25

#24

Kmar: Truth is my Bitch; +5,695|7036|132 and Bush

Headlines like this: Intel's Profit Jumps 51%, Investors Disappointed

That's a record for them btw.
http://www.hardocp.com/news.html?news=M … FzdCwsLDE=

Xbone Stormsurgezz

2008-01-15 20:38:57

#25

GunSlinger OIF II: Banned.; +1,860|7079

Yellowman03 wrote:
GunSlinger OIF II wrote:
Yellowman03 wrote:

rofl...unless you're american...it's a pretty valid generalization.
generalizations are for idiots and bigots. But, you are from Texas. Most Texans I know are retards. I would say that is a safe generalization.
my being form texas is not the point. They point is that most Americans don't know about the massive debt we have.

thats not my point, my point is your bullshit generalization.

BF2S Forums Just what does "US Economy Bad" mean?

ATG wrote:

ATG wrote:

lowing wrote:

ATG wrote:

unnamednewbie13 wrote:

ATG wrote:

Yellowman03 wrote:

GunSlinger OIF II wrote:

Yellowman03 wrote:

S.Lythberg wrote:

Yellowman03 wrote:

S.Lythberg wrote:

Yellowman03 wrote:

GunSlinger OIF II wrote:

Yellowman03 wrote:

GunSlinger OIF II wrote:

Yellowman03 wrote:

GunSlinger OIF II wrote:

GunSlinger OIF II wrote:

Yellowman03 wrote:

GunSlinger OIF II wrote:

Yellowman03 wrote:

GunSlinger OIF II wrote:

Yellowman03 wrote:

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