Economic rebound

**JET** · 03-31-2005

Well, I am sure everyone has seen that the economy is starting to rebound. In the last 6 months it has really started to take off again. Jobs are being created and the unemployment rate is starting to go down for the first time since 2000. Here is a really good article on the current trends.

http://story.news.yahoo.com/news?tmp...fi/economy&e=1

2003eclipse · 03-31-2005

Yup Gas is high, Minimum wage is still dirt. Our economy maybe getting better but its still horseshit

Anduinlight · 03-31-2005

way to go being positive :/

Onefast99gsx · 03-31-2005

Not to piss in your pool or anything but i read a recent report this morning. It's the Goldman Sachs report. It consists of like 30+ analysts and feds. Crude is at $55/ barrel right now. Within the next 3 years, they forecast it to be between $50 & $105 per barrel!!! That was a conservative amount they stated. So if gas here were i'm at is $2.28/ 87oct and it's $55/ barrel today, that would be about $4.50+ gallon. Scare tactic? Could be. Reality? Very well could be. Don't want to ruin anyones day, but i think it's something we should all take very seriously.

I also read something years ago before any of this even started with energy prices going up and someone predicted there was going to be a huge global war over energy. Yeah we live in a shitty world these days.

Link to the report:

http://www.theglobeandmail.com/servl...tory/Business/

Matt D. · 03-31-2005

Our economy can't pick up when the World Trade Organization is going to impose sanctions on us.

http://news.yahoo.com/news?tmpl=stor...e_sanctions_11

tpunx99GSX · 03-31-2005

Another way George Bush has help this nation. :\

**1ViciousGSX** · 03-31-2005

It's all a BIG $$$ game. Investors buy up as much of the crude oil reserves they can, which creates a shortage. Then once the price gets high enough and starts to plateau, they dump it back on the market at the higher price which is profit, then the price of crude drops back in line.

We (USA) need to stop trying to take care of the rest of the world or trying to control it and take care of this country first. And not be un-ethical while trying to do it. Yeah, we set a good example for the rest of the planet, don't we?

2003eclipse · 03-31-2005

We shouldn't even need to be on a rebound

Onefast99gsx · 03-31-2005

Yep, I'm surely not a fan of Bush anymore. I didn't care for Kerry either but what choices did we have? Bush stired up the water into muddy water. The world can't accept with what he's trying to do so soon. Every person that runs for President tells you what they plan to do and when they become Pres. it all runs by the wayside. In Bush's first term i remember once of his larger speaches, could be the State of the Union, but he was going to push for an energy bill to develop new resources of fuel. That was years ago. You know what he said a couple weeks ago when asked about the energy prices? He said Congress still hasn't put anything on my desk about it. That was his words. Talk about passing the buck. He doesn't care because the taxpayers pay for his expenses. It's greed. Just about anyone at the top or high up level doesn't care about the middle class people because if they're content with day to day living, it doesn't matter. My friends got the 'What are you gonna do, you just gotta pay it' attitude. If that's the attitude, then nothing will ever get done about it. I tell them(because i'm in the banking business), why don't you put an extra $100 on your loan every month? They say, because i don't have an extra $100 to pay on it. So if you don't have extra for example a loan payment, why would you have extra for rising fuel costs? The, "You just gotta pay it" attitude will sooner or later not work anymore for many people.

Onefast99gsx · 03-31-2005

Quote:

Originally Posted by 1ViciousGSX

We (USA) need to stop trying to take care of the rest of the world or trying to control it and take care of this country first. And not be un-ethical while trying to do it. Yeah, we set a good example for the rest of the planet, don't we?

My thoughts exactly!!!!!! What did we pledge for the tsunami relief? 800-900 million or whatever it was. We're billions in debt, we have a national trade deficit of over $660 billion and we're pledging money we don't have.
WTF. We spend millions of dollars on shuttle programs to get rock samples or whatever or put rovars on Mars.

Now i'm all worked up again.

**JET** · 03-31-2005

Quote:

Originally Posted by Matt D.

Our economy can't pick up when the World Trade Organization is going to impose sanctions on us.

http://news.yahoo.com/news?tmpl=stor...e_sanctions_11

Wow, yeah a $28 million penalty is goint to shut down the exports from the US

And Tom, what are you refering to? You always talk out your ass about politics, but never state any facts. All you like to do is bash Bush even though you don't know why. Quit being a follower and think for yourself.

Matt D. · 03-31-2005

Quote:

Originally Posted by JET

Wow, yeah a $28 million penalty is goint to shut down the exports from the US

A couple bucks in a barrel of oil equates to a few cents at the pump. We will see monetary sanctions on the store shelves regardless. Will we care or even notice it? Probably not. But my point is that it will not help the economy.

**Kracka** · 04-01-2005

Quote:

Originally Posted by 2003eclipse

Yup Gas is high, Minimum wage is still dirt. Our economy maybe getting better but its still horseshit

Min. wage doesn't mean anything. It affects very few people in all reality, if it were to be raised to say $7/hr, that by no means makes and $8/hr. job go up. Not to mention a lot of businesses are exempt from the federal min. wage level.

**Kracka** · 04-01-2005

Quote:

Originally Posted by tpunx99GSX

Another way George Bush has help this nation. :\

Did you vote? Food for thought

**Kracka** · 04-01-2005

Quote:

Originally Posted by Onefast99gsx

My thoughts exactly!!!!!! What did we pledge for the tsunami relief? 800-900 million or whatever it was. We're billions in debt, we have a national trade deficit of over $660 billion and we're pledging money we don't have.
WTF. We spend millions of dollars on shuttle programs to get rock samples or whatever or put rovars on Mars.

Now i'm all worked up again.

Our country and economy MUST continue furthering knowledge and technology in order to stay afloat. The US economy actually needs a deficit in order to function properly.

**Kracka** · 04-01-2005

Quote:

Originally Posted by Onefast99gsx

Crude is at $55/ barrel right now. Within the next 3 years, they forecast it to be between $50 & $105 per barrel!!! That was a conservative amount they stated.

That doesn't mean a damn thing, basically they're saying, "Yup, it could go up or it might go down." Of course its probably going to go up, its called inflation, another thing this economy needs to stay afloat. Forcasts are rarely right and the only ones that get press are the ones at the extremes.

Jacek · 04-01-2005

You know what the problem that fucks over the economy. Its the fucking forcasts. Get rid of them and then everything will be back to good prices. If they forcast high prices for oil, then why would you not set your prices high. am i right or am i drunk?

**Kracka** · 04-01-2005

Quote:

Originally Posted by Jacek

You know what the problem that fucks over the economy. Its the fucking forcasts. Get rid of them and then everything will be back to good prices. If they forcast high prices for oil, then why would you not set your prices high. am i right or am i drunk?

BINGO. Americans love drama and they love to overreact. Same thing with the media...watch the evening news and no matter where you live you'd think you're in the middle of Gangland just becuase it gets them the ratings and the attention. Look at weather forecasts too, everytime there is an upcoming storm their blinking all these red squares and talking about how its going to be the worst we've ever seen sincd 1903; ya thanks for warning me, 2 inches of snow fuck you and your red squares.

Shotgun! · 04-01-2005

I hate red squares! It is very true that Americans just can't handle news and everyday life. I need Ryan Seacrest to run a two hour show with "live votes" via VIACOMs phone service and tune in every day just to know how to feel about something. If I have to step out and buy a five dollar coffee from starbucks, I can listen to Cory Foley keep me up to date. I hate this country. I hate the Media and hate the people that tell me not hate the people that hate me for hating their shitty lives.

**JET** · 04-01-2005

And I think I hated that post! Let me ask someone else to make sure though...