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Interesting thread....IMHO the issue is GLOBALIZATION.
Most nations of the world are competing with each other for sales to the U.S. Meanwhile,many of those same nations are jealous of our life style and/or demand finacial support. Our trade deficit is not improving as tx2 can verify by frieght movement. |
Originally Posted by carcrash
(Post 2902019)
Wow, T2X.
Um, perhaps it was the reduction of oversight. These mortgages were made because the people who made them made MONEY, not because of what anyone on Washington did. When was the last time YOU jumped because some dope in Washington blathered on about something? Exactly. Nobody else does either. Follow the money, not the talking, and you'll see where the action is. Dude, he was in office for 8 years. You don't think the President has any affect on the economy? Just because Bush had no idea what the F he was doing, does not mean he did not influence some of the results. While you seem to get by without thinking, its pretty nice to have leadership that thinks. The destruction happened on Bush's watch. You really can't remember that many months ago? It will take awhile to undo so many years of destructive mis-management. At least those years are over, and eventually we'll get back to a balanced budget. Consider this: The deficit would be ZERO except for the "Bush tax cut." That tax cut resulted in ten trillion dollars of federal debt. That ten trillion dollars was sucked out of the economy, and the entire middle class gets to pay it back. Ya think that might have had an affect on the economy? Ya think? I agree. We don't see signs of improvement, just signs of it getting worse less quickly. This is a depression. It started 18 months ago in most industries, and it aint close to being over. Consider that the commercial real estate bubble is just starting to burst. And as long as we keep doing the really stupid stuff that sucks huge amounts of money out of the economy, its going to be awhile before it gets better. 1) Importing a trillion dollars a year in petroleum. That's a lot of money to vacuum out of everyone's pockets. 2) Fix health care. The USA has the most expensive health care in the world by far: we spend $7000 per person per year. The rest of the developed world spends half that FOR SUBSTANTIALLY BETTER HEALTH CARE. That means everything made in the USA has to include that cost. That means $3500 per person, for every man/woman/child is blown every year on BS. 3) Stop blowing money on the military: we spend more on military than the rest of the planet COMBINED. No tanks were involved in 9/11. Its a total waste of money. Cut that by 90%, and now we can really talk about getting the deficit down. 4) Stop deficit spending! Our taxes are the lowest in the developed world. |
Originally Posted by Formulabill
(Post 2841247)
Just talked to one of the local boat dealers, sold 3 boats this week. People are tired of hearing the B.S. and are going to spend and have a good time.
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Originally Posted by LubeJobs42
(Post 2902105)
I also hear things are picking up down here in South Florida.
Only the realtors who sold on the way up are saying that so they can try to sell you another depreciating heap. SFL will be one of the very last to recover. The pain will last for years down there in Cuba. http://southflorida.bizjournals.com/...25/daily8.html |
Originally Posted by isellpower
(Post 2902145)
Only the realtors who sold on the way up are saying that so they can try to sell you another depreciating heap. SFL will be one of the very last to recover. The pain will last for years down there in Cuba.
http://southflorida.bizjournals.com/...25/daily8.html I thought the thread was regarding the boating market, not the real estate market. Your probably right, we should all curl up and die, why prolong the agony?! We're doomed! |
Originally Posted by drypipetiger
(Post 2840748)
Just curious. A question I guess for the old schoolers. Has the boating industry both new and used ever been effected this drastically? Has there ever been a point of "weaning" smaller manufacturers out of the industry in a large clump?
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Originally Posted by carcrash
(Post 2902019)
Wow, T2X.
Um, perhaps it was the reduction of oversight. These mortgages were made because the people who made them made MONEY, not because of what anyone on Washington did. When was the last time YOU jumped because some dope in Washington blathered on about something? Exactly. Nobody else does either. Follow the money, not the talking, and you'll see where the action is. Dude, he was in office for 8 years. You don't think the President has any affect on the economy? Just because Bush had no idea what the F he was doing, does not mean he did not influence some of the results. While you seem to get by without thinking, its pretty nice to have leadership that thinks. The destruction happened on Bush's watch. You really can't remember that many months ago? It will take awhile to undo so many years of destructive mis-management. At least those years are over, and eventually we'll get back to a balanced budget. Consider this: The deficit would be ZERO except for the "Bush tax cut." That tax cut resulted in ten trillion dollars of federal debt. That ten trillion dollars was sucked out of the economy, and the entire middle class gets to pay it back. Ya think that might have had an affect on the economy? Ya think? I agree. We don't see signs of improvement, just signs of it getting worse less quickly. This is a depression. It started 18 months ago in most industries, and it aint close to being over. Consider that the commercial real estate bubble is just starting to burst. And as long as we keep doing the really stupid stuff that sucks huge amounts of money out of the economy, its going to be awhile before it gets better. 1) Importing a trillion dollars a year in petroleum. That's a lot of money to vacuum out of everyone's pockets. 2) Fix health care. The USA has the most expensive health care in the world by far: we spend $7000 per person per year. The rest of the developed world spends half that FOR SUBSTANTIALLY BETTER HEALTH CARE. That means everything made in the USA has to include that cost. That means $3500 per person, for every man/woman/child is blown every year on BS. 3) Stop blowing money on the military: we spend more on military than the rest of the planet COMBINED. No tanks were involved in 9/11. Its a total waste of money. Cut that by 90%, and now we can really talk about getting the deficit down. 4) Stop deficit spending! Our taxes are the lowest in the developed world. Dude save it for your Daily Kos Meetings ,Here explain this Spending then we can continue. http://www.freeimagehosting.net/uploads/b712033d1c.gif |
be Scared ,, Very Scared.. It's only just begun.. Boats. Copiers, and about everything else except Gov, Medical, Bankruptcy Atty's welcome to the third world economy
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I retired from the Corporate world in 2001 in a terrible environment from an Investors perspective (9/11,Recession,Iraq,etc). My wife will tell you that I was drunk every day the stock market was open starting in the Summer of 2003. Why? Because the Bush Tax Cuts kicked in together with the cuts on Capital Gains,Dividends,etc. GDP growth took off as Business profits took off on a 4-5 year tear. Personal and Corporate tax receipts were at record levels and investors like me made a lot of money. The downside was the Spending---two wars,Medicare Part D,Katrina,etc. I found it ironic that CarCrash is from The Peoples Republic of California . The state Government including their Washington pimps (Pelosi,Boxer,Feinstein,etc) should be in jail! Barney Frank,Chris Dodd, Christopher Cox (SEC) and the Democratic leadership that pushed the Community Reinvestment Act and resisted clamping down on the Freddies caused the mortgage meltdown by pushing Sub Prime and Alt A mortgages on people that could never pay for them. Now we have a bunch of Socialists running the country who are career politicians,lawyers,bureaucrats and academics that have never worked a day in the Real World. The 'Chosen One' has never managed even a Dairy Queen. In a press conference he proudly stated that "Profit-to-Earnings ratios are improving"! There is no such thing. Profits and earnings are the same thing. So now we a future of higher taxes, the Bond Vigilantes are dumping bonds because of future inflation which has raised morgage interest rates, a weak dollar and an open war against Business and Capitalism. Today's Government policies not only don't enable an economic recovery,but do just the opposite. The idiot media talk of things being 'less bad' as the economic metrics decline softens. To those speculating on an Economic recovery, I ask that you answer one question-what economic policies have been recently enacted that would fuel a strong recovery? Really nothing. Trying to stimulate a $14 Trillion dollar a year economy with a $787 Billion Stimulus(?) Bill where virtually none of the money is spent this year,some in 2010 and half from 2011 through 2019 won't do it. Its not stimulus,but a spending bill made up of a lot of Transfer payments. A half million jobs are being lost each month. What's going to turn that around? The Fed lowered interest rates to zero a long time ago. The only significant positive thing that I see is that the Fed printed a Trillion dollars to infuse liquidity into the system to unlock the credit markets. The Socialists will tell you that the way to kill Capitalism is to bury it in debt. In that regard, Obama can claim 'Mission Accomplished'.
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The Carter years...
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