Comments on: Shocking Truth about the Economy - We Need More Hope!

By: lender

lender — Mon, 23 Nov 2009 19:12:57 +0000

Is it Obama on the foto? Who is near him?
I hope the economy recoveries today. We should to take away a lesson from this situstion.

By: Payday Loans

Payday Loans — Tue, 31 Mar 2009 00:50:31 +0000

Good post. The post was professionally written and I feel like the author has extensive knowledge in the subject. Thank you.

By: Keith

Keith — Sun, 08 Mar 2009 04:15:52 +0000

Much appreciate your statement-
“Anyone who is betting on the government to solve their problems will be sorely disappointed.”
I couldn’t agree more. I have nothing but contempt for foolish thinking as shown by ‘Robert’ in saying only time and government can get us out of this. What a joke. when has that EVER worked?!
Does this not ring true now more than ever?-
“In this present crisis, government is not the solution to our problem; government is the problem. From time to time we’ve been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else?”

By: HOBO(nickname)

HOBO(nickname) — Tue, 03 Mar 2009 10:52:44 +0000

Unlimited wishes - The reason
Basics - Roti, Kapda aur Makaan and life is always happy.

By: Darwin Widjaja

Darwin Widjaja — Sat, 28 Feb 2009 08:44:36 +0000

Thanks Andy,

I’m currently planting crops() when this country is in famine state because I do have high hopes that despite whatever situation we’re in, hope never fails.

By: Jeff

Jeff — Fri, 27 Feb 2009 14:53:39 +0000

I would like to remind everyone that there is no ‘credit crisis’ unless you are not credit worthy. I still get re-fi offers, and I still get credit card offers, and I know for a fact of business that are getting credit ines. It used to be that a bank wouldn’t lend you money unless you didn’t need it, the financial system was much more stable then. I the past 2 decades banks moved from a cautious to a reckless lending scheme, and we all got used to it. Now we are paying the piper. There’s no free lunch and we are paying for it now.

But keep in mind that are economic system is sound and self-righting and there is no evidence that government intervention has ever gotten us out of an economic crises. It didn’t work in the Great Depression, it didn’t work in the 70’s, why does everyone think its going to work now?

By: Jaremy

Jaremy — Fri, 27 Feb 2009 09:08:56 +0000

I agree with a lot of your points. Here’s the thing though:

I think there ARE a ton of entrepreneurs. I am one myself. However, I think this economy stifles new ideas. For me, I can’t AFFORD to start a new business right now. I’m currently in a decent job that pays well and hasn’t laid me off, and to give that up in order to risk my savings at this point is not an option. I agree that what doesn’t kill you makes you stronger, but with the tight wallets in today’s economy, I can’t risk launching a B2C business.

I still have great hope and am doing anything I personally can to stimulate and keep the economy going, but unfortunately I’m not at the point where I can create my own business. And it’ll get worse from here on out as it gets tougher and tougher to get investment capital and loans. 2nd inning, indeed.

By: Ades

Ades — Thu, 26 Feb 2009 22:32:40 +0000

here is an article by Toby Birch that may answer this question, at least partly read more

By: Robert

Robert — Thu, 26 Feb 2009 16:07:40 +0000

I never said there aren’t opportunities now. I’m working with several companies that are well-suited to growing in this environment. But all of these new countercyclical business aren’t going to make a dent in this downturn. It’s going to take years and years for these companies to grow, and what we need right now is an economic policy that limits the length and depth of this recession.

What frustrates me is what I call “free market fundamentalists,” who, even after the failure of Wall Street and the market to foresee and prevent our current predicament, cling to the dogma that lower taxes, less regulation and less government will solve our problems. Free markets, like most things, are best enjoyed in moderation.

I appreciate your efforts to keep people’s spirits high. My clients remain optimistic, even as our NYC neighborhoods see shuttered shops and foreclosed condos. And I think entrepreneurs need to stay focused, even though many of us are going to be wiped out through no fault of our own. But what worries me is that the business community in general doesn’t seem to have learned that there is an important role for government in our economy (especially in regulation), and that as a citizenry it’s important that we elect competent people, not ideologues who aren’t up to the task.

By: Timothy

Timothy — Thu, 26 Feb 2009 14:21:03 +0000

That picture is hilarious.