Glorywagon
Well-Known LVC Member
I have heard many people talk about how 2008 is going to be as bad as, if not worse than 1929. Is the economy really that bad? Is it time to panic?
Is the economy really that bad?
- Thread starter Glorywagon
- Start date
lunchmeat
Well-Known LVC Member
I think its all BS!
jhargarage
Well-Known LVC Member
yes it will get bad, nothing like 1929 other than your money will only get you half of what it did a year ago..
Glorywagon
Well-Known LVC Member
Some old timers are saying it worst then 1929. What I read about 1929 I don't thank so. YET
My grandpa always said tie a knot in your rope and hang on it's not over yet.
jhargarage
Well-Known LVC Member
thumbs up on Grandpa they know,they have lived thru everything in the past 100yrs.
Glorywagon
Well-Known LVC Member
The stock market hasn't crashed ??? are you sure GM stock 4.65 Ford 2.65 haven't been that low seance 1921. Sterling semi truck mfg. will quite building them in March 2009 and close two plants.Trucking has gone to He** .Look around you. If it hasn't crashed it's because we bailed them out with 800 billion dollar. Now President Bush wants us to go into the banking business.
Remember the savings and loan bail out?
taylor414ce2003
Dedicated LVC Member
yes it is that bad!!!!! 2007 marked the first time in 25 yrs my brothers print shop is in the RED !!! 2008 is looking worse for us
No.
Things are bad and will get a bit worse. But they aren't Great Depression bad. And if everyone keeps a level head, they'll correct themselves.
PRESUMING the Federal government doesn't get involved, engage in a power grab, and functionally PROLONG the economic down turn as they did under FDR.
Yes, that's correct. FDRs economic policy EXTENDED the length of the great depression. Because of this, while the rest of the world had recovered from the global depression, the United States was still experiencing it. Ultimately, the U.S. didn't pull out of it until WW2.
Let's all try to prevent a panic and the resulting huge federal power grab and expansion of size in response.
Things are bad and will get a bit worse. But they aren't Great Depression bad. And if everyone keeps a level head, they'll correct themselves.
PRESUMING the Federal government doesn't get involved, engage in a power grab, and functionally PROLONG the economic down turn as they did under FDR.
Yes, that's correct. FDRs economic policy EXTENDED the length of the great depression. Because of this, while the rest of the world had recovered from the global depression, the United States was still experiencing it. Ultimately, the U.S. didn't pull out of it until WW2.
Let's all try to prevent a panic and the resulting huge federal power grab and expansion of size in response.
Glorywagon
Well-Known LVC Member
Looking better I can at least drive my car now.gas $2.54 in Springhill Arkansas