Stop crying.
The economy is receding but it is not in a recession.
We're going the way of the Roman Empire. Soon we'll have our very own Ceasar too.
Obama will come into office with less strings attached than any president in the last 50 years at least. He will also have the support of the youth, many of whom will find themselves graduating from high school or college and unable to find jobs.
The problem here is that the dollar is getting weaker,
Actually the weakening dollar helps our economy a lot. When the dollar weakens it makes imports relatively expensive and things we export relatively cheap. We are shipping a lot more to the EU since the dollar fell, and things from China are not as cheap as they used to be. The weakening dollar is mostly a response to China's currency games.
being illegal Mexicans without education nowadays, what else can the result be?
I went to a walmart a few days ago and the woman at the cash register had previously practiced law in Turkey. It was her first job in the US and she was trying to improve her English. American product were going downhill long before immigration problems got as bad as they are. Too many "buy American" campaigns even when the products are junk. I am probably going to buy a new Toyota Tundra in the next few weeks. Made in the US by Americans for a foreign company which I own stock in. GM, tool manufacturers, and everyother manufacturer along with the union workers who demanded absurd wages and benefits for unskilled labor a drunk monkey could perform dug their own grave and I am more than happy to fill it above them.
One of the nations that has supplied us with oil has huge, untapped reserves that are not available to us, due to their being controlled by radical elements in that country who seem bent on our destruction.That country is the USA and those radical elements seemingly bent on our destruction are our congressmen. Pathetic, ain’t it.
We should just sell all the national parks at public hunting grounds and use the proceeds to fund a gas rebate. Who cares about wildlife, pollution, or ensuring our grandchildren will be able to hunt anything besides mutant zombies spawned by Alaskan pipeline failures. Gas should absolutely be as expensive as it is now. Adjusted for inflation it is not "record setting". Just because we know of oil somewhere doesn't mean it can be drilled anyways. Most of the huge coastal reserves are in the Bearing Sea. Guess what, oil platform+Bearing Sea=haha.
The bad news about the economy is also partly a result of the bad news about the economy.
I think the economy is actually in worse shape than the media realizes(I admit if they realized it they would be making it seem worse than it is). I don't think the US, and possibly no country in the world has ever dealt with an economic downturn resulting from an upturn which drove interest rates up and caused a housing slump. Look on craigslist and see what people are welling and for what price. This housing debacle will take years to sort out. Good thing I have excellent credit and a stash of cash on hand, I may make more money in the next 5-7 years than most make in a lifetime. Most of the people in foreclosure never should have had houses, just like they shouldn't have had credit cards.
Sound advice:
1. With ammunition prices going up like they are it is just about the soundest investment you can make. Even if we pull out of Iraq the power vacuum will still lead to a lot of fighting for years to come. Solid prospects on ammo prices. If the **** does hit the fan you won't have to laugh maniacally as you burn your t-bills to keep warm.
2.When I lived in Taiwan most of my friends lived in corrugated metal buildings and cockroaches/geckos/rats were always around. Taiwan is one of the "East Asian Tigers." Be glad you have what you have accepting that part of this correction is punishing you for terrible financial decisions, or at least go back to watching your 52' plasma TV while cleaning your brand new Weatherby rifle and stop thinking about how you are going to get booted from your house b/c you can't make your mortgage payment.
also, as my personal bail out offer, if you are about to be foreclosed on, live in Ohio, and have payed the majority of your mortgage, contact me and I will consider taking over you payments. At least your credit won't be screwed for the next 7+ years.