Bush: 'Economy has slowed'

Maybe not a fire yet but the curtains are soaked with gasoline and everyone is still watching the movie cause they're still drunk. And the movie makes you feel so warm and fuzzy that you know it can never end.No one notices that the people in the VIP section are smoking.

reply to post by jefwane


Talk about taking the metaphor to a new level

The problem is there is no gasoline on the curtains, there is just a bunch of hooligans outside with signs telling you that the worlds going to end. They were there last week, and the month before, and every year since the theater opened. They are always wrong, but they are persistent.

reply to post by jefwane


LOL. Yea but as they say "ignorance is bliss".

Some people on this site remind me of the Iraq mis-information minister during the Iraq invasion - "All is fine here. We have it under control". I recall him saying that on TV right up until the moment a rocket struck him in the ass.

ALightinDarkness, im sure you have been watching too much Fox News. This isnt something predicted without evidence. Your country is 9 trillion dollars in debt. Your trade imbalance is over 700 billion dollars per year. The Australian dollar was worth about 80 cents a short time ago. Its now worth 97 cents. Your paper money is quickly becoming worthless. More and more countries are choosing to trade in Euros. Major US banks and lenders are going bankrupt daily.

You may be trying to live up to your name and positive thinking is good, but its not going to stop the steamroller thats headed your way. Its too late for that.

reply to post by Nonchalant


Some people on this site remind me of the DNC propagandists, screaming at everyone telling them that "NO! ITS WORSE THAN YOU THINK" even when all the data keep saying the opposite. You've been watching too much CNN and MSNBC. I suggest looking at the data instead of accusing everyone who actually cares about the facts of being a Fox News watcher

Do you care to look at the data, or are you more interesting in spreading what the media programmed you to believe? Perhaps the fact that the economy is still growing every quarter as measured by GDP, would that be a good place to start? Exactly how are we in a failed economy when the GDP keeps GROWING? Or the fact that national debt as a percentage of GDP is LOW compared to how it was just 10 years ago?

You need to use actual analysis of data over time, and not cherry picking data at snapshots that fit your view.

[edit on 26-7-2008 by ALightinDarkness]

reply to post by ALightinDarkness


www.babylontoday.com...

Good luck with that

reply to post by Nonchalant


Time to enlighten the doom and gloomers with the facts yet again:
zfacts.com...

National debt as a percent of GDP - the only correct way to look at debt - shows its not as horrible as you'd like to think. Its gone up a bit recently, but is relatively flat.

Yet again, the light of truth blinds those trying to spin doom. Nice try spinning the statistics.

[edit on 28-7-2008 by ALightinDarkness]

reply to post by ALightinDarkness


So would you say there is nothing wrong with the economy at all?

You seem to think we all believe the end is neigh, in reality almost every one (main talking points on ATS) say recession, not depression .. and I think it's pretty clear we are do (albeit a little earlier then normal) for the next cycle recession .. however, because individual economic growth per capita was not "high" in the last "boom" (bubble) the recession could be much worse then "typical" .. imo, much like the 1980's ..

And, as a Libertarian especially, you see nothing wrong with the federally endorsed "unofficial" criminal acts taken by banks that led to the current mess we are in?

Or do you just think .. all is fine and it's all about "cheap stocks" as you once put it... Just wanting a little clarification because all you do pander words like "doom and gloomers" but never actually hypothesize your self..

reply to post by ALightinDarkness


Yea your country has moved from being the biggest creditor nation in the 80's to the biggest debtor nation today. Nothing quite like facts to dispel the spin you like to put on your arguement, I agree..

Ah, but its all ok right? Your country's GDP is larger than its record debt?