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US Economy/State of Affairs. Smoke & Mirrors?  Rate Topic 
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 Posted: Sat Jan 10th, 2015 07:43 am
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Papa Voo



Joined: Thu Jan 17th, 2008
Location: Right Outside The Burgh, USA
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One Side

Gas prices down
Job market best in 15
Housing market up
No increase of federal taxes on middle class
Unemployment down
Troops coming home
Consumer spending up

Other Side
Poverty Rising
Middle class shrinking
Economic confidence down
Government confidence all-time low


Is this all smoke & mirrors?  What is the true state of the economy?

I do not feel the boom.


Last edited on Sat Jan 10th, 2015 07:47 am by Papa Voo



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 Posted: Sat Jan 10th, 2015 08:19 pm
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HBF



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I don't either.  

The gas we know is due to domestic resources, and the idiotic President wishes to veto the new pipeline that is needed. It has approval from members of both parties. He's just an incompetent fuck, period.

The housing market has rebounded, IMO, because the foreclosures that started 7 years ago are now at the end  of their run.  However, I have seen a bunch of new construction in ATL which had stagnated in a big way between 08-12. 

Government confidence is at the lowest point I can recall in my lifetime, but I am too young to have a real feel for how we felt in 1974 amidst inflation, Vietnam, and Nixon.

Last edited on Sat Jan 10th, 2015 08:19 pm by HBF



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 Posted: Sat Jan 10th, 2015 10:13 pm
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carpetbeggar
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Well scratch gas prices as they will soar back up before the Winter is over.

Actually I think Obama just came out and said that publically himself didn't he?

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 Posted: Sat Jan 10th, 2015 11:20 pm
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Count Grog
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I am doing much better than I was 6 years ago. Much better



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