U.S. economy predicted to collapse under socialism

The U.S. economy started collapsing after 8 years of conservative economics during the just completed Bush administration. Only government intervention kept it from going totally under just before the administration ended.

 

What economic benchmarks are you using to say that the economy was/is collapsing?

 

Just pay attention to the business news, targus.

 

Yes, I do - lack of regulation, pandering to the wealthy and the big corporations, ignoring the fate of the middle and working classes.

 

Do you know anything other than right-wing talking points, Pastor Mitchell?

 

What other socialist economy clasped? I only know of the Soviet Union, however we are borrowing money from China. Canada is dong ok also.

 

Then you need to get some new ones, Pastor "upside down flag" Mitchell, cause the ones you are using are all wet.

 

How about the 70K jobs lost today or the 500K lost last month. How about the banks and auto industry are borrowing from the government. I wouldn't call that a sound economy and Bush gave huge tax cuts to the big wage earners.

Here is what people fail to see these days, cutting taxes don't employ people because the CEO's are pocketing the tax decrease and the profit from cutting the job. Take Citi Bank for instance, Bush gave all those tax cuts plus we gave them tarp money and what did they do, today they bought new corporate jets...

 

So you think it would be better for aviation companies to go out of business and lay off all the steel workers, textile workers, electronics workers, fabricators, jet engine workers, rubber workers, plastic workers, glass workers, design engineers, etc, who make these things?

Can I send them your address to write you thank you notes when they are drawing unemployment?

The fact is that these planes are built by high paid workers, involving people from all kinds of industries. They were designed by high paid engineers. If people stop buying their products, then they don't have jobs.

We have all these people telling us we need to spend more money, but then when people do it, you get upset.

Make up your mind already ...

BTW, this jet was probably ordered a long time ago before the collapse and bailout, and these

Did you know they are trying to sell two jets worth 27 million? Do you think no one should buy those and leave Citibank stuck with 54 million in jets instead of 50 million?

Don't forget, this is what happened to the auto industry ... people stopped buying their products and so the workers lost their jobs.

 

The news reported that the jet Citi bought isn't even American made...

In XC
-

 

It's made in France. We live in a global economy. People routinely buy stuff from other nations. It's the way it works.

It sounds like you are saying that the well-being and employment of God's image-bearers in France is less important than the well-being and employment of God's image-bearers here. I disagree.

 

Lets take it back to President Wilson's days and fron that time forward. That was when the Federal Reserve was invented.

 

If Citi wants to use our bailout money to keep France’s economy running and her aviation industry in business, when Wichita’s Kansas’ aviation industry is starting to layoff people, can I send them your address…?

So I pose the same question back to you that you posed to LeBuick…

So you think it would be better for aviation companies to go out of business and lay off all the steel workers, textile workers, electronics workers, fabricators, jet engine workers, rubber workers, plastic workers, glass workers, design engineers, etc, who make these things?

Can I send them your address to write you thank you notes when they are drawing unemployment?

The fact is that these planes are built by high paid workers, involving people from all kinds of industries. They were designed by high paid engineers. If people stop buying their products, then they don't have jobs.​

In XC
-

 

I am not the one complaining. I think people all over the world deserve jobs. Apparently Citi thinks that the jets made in Wichita don't meet their needs.

I don't think it's the government's role to tell people where to spend their money.

 

So you are not using any economic benchmarks - just your feelings?

Not a very reliable method.

 

So it's the unemployment rate?

It was higher in 1982. Was the economy collapsing then too?

Banks and auto companies borrowing does not equal a collapsing economy.

CEO taking bonuses are an indicator of a collapsing economy?

Buying a corporate jet is an indicator of a collapsing economy?

Too much rant... not enough thought.