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Denial
Supertoaster:
The Economy is great! Stocks are up! Global Warming turned out to be false.
Also the Earth is flat and moonlight is actually caused by glowing shrimp on the moon!
Foofoojack:
glowing shrimp?
Deathie:
The Economy isn't GREAT, but it's not NEARLY as bad as it could be.
Sure, we're in debt by about 3 billion dollars, and the unemployment ratio is slightly higher than during the Great Depression, but 75.8% of legal US Citizens owned their own homes, compared to 70% in 1993.
Another issue, is that 16 percent of our population is Hispanic (2010 Cencus), while only 4% of the Legal Citizens population is 4%.
Our current unemployment rate is 8.9% as of Feb 2011,
It's actually about as high as it was in the 80's, when we received a flock of Cuban Refugee's.
Taking into account the percentage of the Alien Population,
1.4% of our unemployment rate make up the Hispanic Non-US citizens.
So factoring in the amount of employed LEGAL US CITIZENS, it's about 7.5%, same as it was in 1993.
So in other words, we ARE fucked, but not as hard as we can be.
Don:
--- Quote from: Snivy M.D. on March 25, 2011, 01:25:50 PM ---The Economy isn't GREAT, but it's not NEARLY as bad as it could be.
Sure, we're in debt by about 3 billion dollars,
--- End quote ---
*14.6 trillion dollars
Deacon:
--- Quote from: Mr. Don on March 25, 2011, 01:51:20 PM ---*14.6 trillion dollars
--- End quote ---
yes, thank you for this correction
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