--- In FairfieldLife@yahoogroups.com, "authfriend" <jst...@...> wrote:
>
> --- In FairfieldLife@yahoogroups.com, "nelsonriddle2001" <nelsonriddle2001@>
> wrote:
> >
> > --- In FairfieldLife@yahoogroups.com, "authfriend" <jstein@> wrote:
> > >
> > > --- In FairfieldLife@yahoogroups.com, "nelsonriddle2001"
> > > <nelsonriddle2001@> wrote:
> > > >
> > > > --- In FairfieldLife@yahoogroups.com, "authfriend" <jstein@> wrote:
> > > > >
> > > > > --- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@> wrote:
> > > > > <snip>
> > > > > > The bill has become due. The "big boys" know this but
> > > > > > can't simple tell the public they need to tighten their
> > > > > > belts.
> > > > >
> > > > > The public doesn't need to be told to tighten their
> > > > > belts. They're already doing it, either because they
> > > > > have no choice or because they're afraid things will
> > > > > get worse and are trying to stay ahead of the game.
> > > > >
> > > > > Unfortunately, belt-tightening is *not* the remedy
> > > > > for the present economic situation. People who can
> > > > > afford it should be spending money, not saving it.
> > > > > The less consumer spending, the less production; the
> > > > > less production, the fewer jobs; the fewer jobs,
> > > > > the less consumer spending. It's a vicious circle.
> > > > >
> > > > > Government can make up for only so much of the
> > > > > decline in consumer spending, but as it is, the
> > > > > government isn't spending enough either.
> > > > >
> > > > Maybe outsoursing too much and, buying foriegn made
> > > > stuff has something to do with so many out of work that
> > > > can't spend much?
> > > > Do you think a lot of the present problem was brought
> > > > about by those complaining?
> > >
> > > Good grief, no, and no.
> > >
> > > Here's a primer:
> > >
> > > http://en.wikipedia.org/wiki/Recession_of_2008
> > >
> > Good grief, what a lot of fine print.
> > I stand corrected.
> > I did think that the old "buy American, save your job"
> > motto had some merit tho.
>
> Sure, but it's really a very minor factor in the
> current economic mess.
>
> > Did you read F.I.A.S.C.O (title) concernes wall street
> > dishonesty.
>
> No, haven't read it. Don't want to raise my blood
> pressure to dangerous levels! I don't really need
> convincing on that score. Is it a good read?
>
Quite boring and, sad to see that there are very few honest people involved
if any.
