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Originally Posted by davenotdead
but [the last 8 years] haven't been awful. i'm sure most everybody has maintained their quality of living or even improved it.
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damn, you must be living a sheltered life. are you on a trust fund?
i know a lot of people out of work right now.
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Originally Posted by davenotdead
i still see a ton of hummers near where i live.
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palm beach?
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seriously man, the u.s. economy is not doing well-- wall street has been doing well based on the inflated valuation of worthless assets, but that is finally changing, and the markets will crash like the housing market crashed. credit cards are next-- mark my words. this is a fucking house of cards.
the real economy, i.e., where people live, eat, work, fuck, sleep, and draw a paycheck, has been stagnant or in decline for some time now. sure it's not the great depression, but the real purchasing power of wages has diminished, unemployment is high, the dollar is weak and the increase of exports is no magic bullet, bankruptcies are at an all-time high, science and high-tech have been moving elsewhere (like singapore), high paying jobs keep being exported and are being replaced with shitty service jobs that pay crap, unemployment has been going up since last year, and looks like it will keep going up, and while the rich can still play stock market games, buy treasury bonds or gold or whatever, the middle & working classes are going in reverse.