RE: Economies struggling around the world/ Europe in similar situation as U.S.

RE: Economies struggling around the world/ Europe in similar situation as U.S. (Full Version)

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popeye1250 -> RE: Economies struggling around the world/ Europe in similar situation as U.S. (1/26/2009 12:24:39 PM)
quote: ORIGINAL: JustDarkness quote: ORIGINAL: Truthiness Maybe if it were actually allowed to regulate itself, rather than have artificial regulations put on it, the free market might be able to fix this one. Remove the government interference in this readjustment, you'd basicly replace the existing situation with another bad situation - that other situation being businesses with poor management and business models going bankrupt. personally I think the crisis is part of the self regulation. BAd structures collapse... You can't spend money that isn't there. That counts for banks and their weird systems and people spending more then they earn. The last years were way to good and people overdid it...buying huge cars....big houses....flatscreens...3 mobile phones..playstations... All with money they didn't have. They will think twice next time..I hope. That's true, you can't spend more than you earn, the problem is that people aren't earning enough. It does no good for cos. to ship good paying jobs overseas so that they can make 2,000% profit instead of 1,000% profit. That will (and is) comming around to bite them right on the ass bigtime! As they say on Wall Street, "bears make money, bulls make money, pigs get stuck!"

Aneirin -> RE: Economies struggling around the world/ Europe in similar situation as U.S. (1/26/2009 5:47:44 PM)
quote: ORIGINAL: popeye1250 Sheffield, England used to be a big steel making area and a big manufacturer of cutlery but most is now made in China. "It's the global economy, stupid!" I don't know how companies can expect to outsource jobs to third world countries yet expect people in Europe and the U.S. to continue to buy their products on less take home pay. Like Ross Perot said, "it's a race to the bottom." We really do need to get out of all those "free trade" deals! What was lunkhead McCain saying during the campaign; "I'm a "free trader!" "No John, you're stupid!" That's the problem in the U.S. and I suspect the E.U., too many people making $15 an hour when they should be making $30 or $40 an hour! These days $15 an hour is "subsistance" level wages. Talking of Sheffield Steel, the company that now owns the steel making in Britain , Corus owned by Tata of India has today announced the shedding of 2500 jobs and the mothballing of a steel mill in Wales. Corus has called for the government to show the same level of help for the steel industry as it has shown the usless banking sector, steel being a bedrock industry in Britain and as said in the article, blue collar workers from the steel industry suffer most when trying to find new jobs. http://news.bbc.co.uk/1/hi/business/7850596.stm

MzMia -> RE: Economies struggling around the world/ Europe in similar situation as U.S. (1/26/2009 8:16:15 PM)
Popeye, our country is sinking faster than the Titanic right now. Today's updates in ALL the major news sources, indicates MASSIVE layoffs coming. Sprint, Caterpillar, GM and even Home Depot are cutting off and laying off tens of thousands. I am so thankful for my job, I am one of the best employees there. I volunteered to work a school dance Friday night, next time I might work the door, patrol the students, and clean up afterwards. Hell, I am volunteering for everything at work these days. Its only 11:15 p.m.? I need to get back to work!

MzMia -> RE: Economies struggling around the world/ Europe in similar situation as U.S. (1/26/2009 8:30:31 PM)
quote: ORIGINAL: popeye1250 quote: ORIGINAL: JustDarkness quote: ORIGINAL: Truthiness Maybe if it were actually allowed to regulate itself, rather than have artificial regulations put on it, the free market might be able to fix this one. Remove the government interference in this readjustment, you'd basicly replace the existing situation with another bad situation - that other situation being businesses with poor management and business models going bankrupt. personally I think the crisis is part of the self regulation. BAd structures collapse... You can't spend money that isn't there. That counts for banks and their weird systems and people spending more then they earn. The last years were way to good and people overdid it...buying huge cars....big houses....flatscreens...3 mobile phones..playstations... All with money they didn't have. They will think twice next time..I hope. That's true, you can't spend more than you earn, the problem is that people aren't earning enough. It does no good for cos. to ship good paying jobs overseas so that they can make 2,000% profit instead of 1,000% profit. That will (and is) comming around to bite them right on the ass bigtime! As they say on Wall Street, "bears make money, bulls make money, pigs get stuck!" Popeye? This is the worse I have ever see the American economy in my lifetime. If we are not headed towards the next Depression, I sure the hell don't know what to call it. We are in fucking dire staits.

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