What is your prediction for the economy in 2009?

Greg-281912 writes:

Since there is nothing wrong today (go to any mall, any hotel, any movie theatre, any restaurant, all packed) I'm sure 2009 will be great! 

Hmm. Greg, you are either being funny or are not very intelligent. Many venues are packed due to discounts being offered. However, being the economic genius that I am, the latter portion of 2009 should be better than 2008.

My estimation is that the US economy "bottomed out" somewhere between July 10 and July 14. As it takes six to eighteen months to turn the proverbial ship around, we should see positive data before April and solid results by August or September.

In mid-2005. I sent my prospectus to Martin Wold (of CNBC) detailing how Greenspan and Bernanke had made serious errors in judgement pertaining to the health of the financial industry and its eventual impact on the national economy. I specifically mentioned the the number of ARM mortgages and the number of sub-prime mortgage risks.

Anyhow, as with any cyclical event, one reaps what is sown and I (like many others) have become resilient enough to become a more powerful force in the international economy.

To all of the extremists who are shouting its the end of the world!  Run!  Scream and throw yourselves off of buildings!  Armageddon!  Obama is satan or savior!  I have to say...

Oh please...It will likely get worse before it gets better but I wish I had a nickel for everytime I've heard this kind of fear mongering drivel whenever the economy so much as farts.  I would be a member of the 1% rich.

How about a nice mug of shut the f'k up!  Tighten your belts and drive the hell on.  Some of you might want to consider some counciling.  The farther I read along this comment thread the more crazy everyone was getting.  I'm sure somewhere in there someone started blaming this all on the aliens known as the "grey" who are walking among us, breeding with us to make hybrid earthling/grey babies and that they engineering this world wide economic meltdown so they can steal our planet and eat us like cattle!

Get over it!  It's tuff all over.  Get out and find a job and if you can't do that then hunker down under a bridge somewhere and shut the hell up until things improve.  I'll probably under there myself but I wont be biching the whole time.  I will be focused on surviving until things improve.

The taxes on business and in some cases high union pay scales sent our industries overseas. The biggest drain on our economy and what ultimately brought us down was greed, greed, and a lot more greed particularily in the upper echelons. The loans from large banks to a smaller bank who paid more interest and then this bank loaning to another at higher interest was similar to spreading a cancer.  When you have government out of control, CEO's out of control utilizing corrupt practices what do you expect? The CURE is to entice our overseas companies to return (through financial business breaks and also to give present operational companies revolving tax break schedules.  It can be done over a period of time

Prsdnt Obama Deludes Himself

Re The Required Economy Collapse Cure

It's Not Just The Economy, It's The Technology Culture That Collapsed

A. Brief notes re the apparent major aspects of the collapse

1) Jan 6 2009

What Is "Scientific Progress"

What Is Needed To Advance Science

http://www.physforum.com/index.php?showtopic=14988&st=390&#entry392722

2) Dec 24 2008

For 2008 Sciencenews Of The Year YOK The World-Wide Economy Collapse

Money Printing Will NOT Cure The Technology Culture Greed Cancer

http://www.physforum.com/index.php?showtopic=14988&st=390&#entry390280

3) Dec 22 2008

Separate Technology From Science To Renovate Our Culture Including Economy

http://www.physforum.com/index.php?showtopic=14988&st=375&#entry390004

4) Nov 21 2008

Real And Virtual Energy, And Keynesian Salvation Prospects

http://www.physforum.com/index.php?showtopic=14988&st=345&#entry384952

B. There are no short-cuts for effecting a cure of the malignant world economy greed cancer.

From the above (4) ref:

"The present tone of the world's culture, and even ethics, including the banners of a variety of types and shades of greed, has been set by the 20th century Technology Culture. Its essence is the legitimacy and admiration of gaining capital via virtual activities, activities without or beyond the production of real assets for humanity, real life resources.

So the odds of the economy's salvation via Keynesian prospects are, in the long run, proportional to the odds that the culture of Earth's humanity will evolve towards ever more rational self-organization...which is, how unsurprisingly rational, the odds of every organism to survive..."

There are no short-cuts for effecting a cure of the malignant world economy greed cancer. The cure and recovery from this cancer entails a steady resolute cultural modification of 20th century personal and societal capitalistic greed values-ethics-morals. It entails public education to value and promote legitimacy and respect only of shares-stocks of products and processes that contribute to health, security, basic comfort, education and science, and to reject and shun offers of any form of productionless capital gain or of luxuriousness.

And it entails a steady resolute continuous promotion of rational respect to non-luxurious life style, to a wide civic public social security network, and to continuous pursuit of further scientific comprehension of ever closer approaching approximate models of the real world including life and ourselves. This would be a return to and furthering of Enlightenment's inherent philosophy and attitudes in regards to individualism, universal human progress and, most important to humanity, embarkment on a road to societal application of reason.

Dov Henis

(Comments From The 22nd Century)

http://blog.360.yahoo.com/blog-P81pQcU1dLBbHgtjQjxG_Q--?cq=1

Consumers: 136,000,000,000 gallons of gasoline consumed 2004. About 75 percent of crude imported makes the US vulnerable to OPEC. American love of gas guzzlers driven an average of 11,500 miles per year 234,500,000 cars and SUV/PU's. Gasoline at "fair" price is an entitlement. $4.00 per gallon gasoline resulted in a 5 percent decrease in gasoline consumption.

Progressives: Global warming will destroy the planet, therefore drastic government measures are necessary. Drilling for crude oil USA is out. Guzzlers are out. Conspicuous market consumption is out. Mass transit is in. Behavior modification by Government is in. Taxes to pay are in. Government debt is in.

The People voted Progressive. Done deal.

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