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Originally Posted by aceventura3
Actually, I was complimenting Host. In a previous thread he predicted the fallout from the subprime crisis.
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I fail to see how accusing him of exaggerating bad news is a compliment
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People will keeping working, earning money to pay for things.
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Unless they're downsized.
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Employment is at high levels, the economy is still creating jobs.
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Yes, this is the same bullshit that Bush is trying to convince the public with. Sure jobs are being created. Only trouble is that jobs were first lost in droves. Well paying, middleclass jobs that is. And now jobs at Walmart are being created. Not exactly an overall booming economy if you look at the big picture.
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Consumer spending is high,
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financed by a mountain of consumer debt. Just wait till the bill comes due because unlike the government, we lowly citizens aren't allowed to just keep borrowing more and more money forever.