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Ustwo · 02-19-2008, 12:29 PM

Well it didn't take long to turn semi-political, but I'm still wondering if anyone has an answer.

Its not Bush's fault any more than the 2000 issue was Clinton's fault. The government can screw up the economy by making it harder to do business but a tax cut etc is not going to be causing an economic down turn.

Really I think we are dealing with some self fulfilling prophecies at this point.

Economist sees minor downturn or price increase in some index. Economist tells everyone this is a sign of a recession. Other economists say the same thing. People trust the economists and start to act as if it were a recession. Consumer confidence goes down, people spend less, and we have a recession.

Now there are some things that worry me, biofuels are consuming a lot of grain which in turn are increasing food prices, the weak dollar helps on some ends and hurts on others, I'm not sure what to make of the debt issues people are taking on, and while I think the subprime issues are being blown of out proportion they still don't help.

But those are just my casual observations, what I can't get is anything beyond 'trust the economists'. Why? I'm thinking its like trusting the weather man, only in this case by talking about a bad/good economy they can influence it.

02-19-2008, 12:29 PM	#20 (permalink)
Ustwo Pissing in the cornflakes	Well it didn't take long to turn semi-political, but I'm still wondering if anyone has an answer. Its not Bush's fault any more than the 2000 issue was Clinton's fault. The government can screw up the economy by making it harder to do business but a tax cut etc is not going to be causing an economic down turn. Really I think we are dealing with some self fulfilling prophecies at this point. Economist sees minor downturn or price increase in some index. Economist tells everyone this is a sign of a recession. Other economists say the same thing. People trust the economists and start to act as if it were a recession. Consumer confidence goes down, people spend less, and we have a recession. Now there are some things that worry me, biofuels are consuming a lot of grain which in turn are increasing food prices, the weak dollar helps on some ends and hurts on others, I'm not sure what to make of the debt issues people are taking on, and while I think the subprime issues are being blown of out proportion they still don't help. But those are just my casual observations, what I can't get is anything beyond 'trust the economists'. Why? I'm thinking its like trusting the weather man, only in this case by talking about a bad/good economy they can influence it. __________________ Agents of the enemies who hold office in our own government, who attempt to eliminate our "freedoms" and our "right to know" are posting among us, I fear.....on this very forum. - host Obama - Know a Man by the friends he keeps.