Looks like a 2nd Dip Recession this year. State Govt's are bankrupt, Unions are gone, Foreclosures are on rise.

Running Shoes/Running Gear

13 years ago 03/10/2011 5:41am EST

Looks like there will be a 2nd Dip Recession this year for sure. State govt's are bankrupt, unions are gone, gov't pension funds are collapsing, foreclosures are on the rise, teachers are being laid off. I'm not selling the 2 homes I own free and clear, nor buying any expensive items, nor taking any vacation airline flights. I have zero loans, zero credit card balances. I just paid off my kids student loans. I'll ride out the doubling of gas prices in my a 15 year old Camry. My wife will do likewise in her 10 year old Prius. Is my plan a good plan given the continuing 2008 George W. Bush Economic Recession that we are all suffering though ? Let me know please.

13 years ago 03/10/2011 5:54am EST

re: Pastrami Double Dip

I am not sure who is suffering. The unemployed? The down-on-their luck? My family and I have never enjoyed so much income and savings, almost doubling our AGI from last year. Why? Because we made prudent career decisions and entered sectors that are recession-proof. Try and do the same.

13 years ago 03/10/2011 5:59am EST

re: Under Ultra

You must be a joy to do a long run with.

Under Ultra wrote:
I am not sure who is suffering. The unemployed? The down-on-their luck? My family and I have never enjoyed so much income and savings, almost doubling our AGI from last year. Why? Because we made prudent career decisions and entered sectors that are recession-proof. Try and do the same.

13 years ago 03/10/2011 6:12am EST

re: Conundrum

How come Bush was able to get us through the Clinton stock market crash and recession and lead us to more than four years of year-over-year double digit quarterly earnings growth for the S&P 500, but 0bama can't?

13 years ago 03/10/2011 7:15am EST

re: Swallow Your Soul

Swallow Your Soul wrote:
How come Bush was able to get us through the Clinton stock market crash and recession and lead us to more than four years of year-over-year double digit quarterly earnings growth for the S&P 500, but 0bama can't?

Good question. Here's another: How come when oil was $50 a barrel, it was Bush's fault for colluding with his buddies and not doing enough to help the people, but Nobama gets a pass with oil nearly double that price?

Gotta love the leftie-quack replies to this one.

13 years ago 03/10/2011 7:16am EST

re: Pastrami Double Dip

I hope things tank again. I'm a long-term investor (30+ years to go), and I like buying low.

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Looks like a 2nd Dip Recession this year. State Govt's are bankrupt, Unions are gone, Foreclosures are on rise.

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Looks like a 2nd Dip Recession this year. State Govt's are bankrupt, Unions are gone, Foreclosures are on rise.

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