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What are your economy predictions for 2009? What can fix it?

There are many variables to consider but here are some of my predictions. I think the economy will start to recover if: 1. The conflict in Iraq continues to wind down with no threat of moving into Pakistan or Iran. 2. Gasoline prices stay where they are now WITHOUT anymore drastic decline. 3. Detroit gets a minimal bailout with extremely heavy oversight written into the package. 4. Foreign debt is refinanced with foreign countries and daily borrowing from other countries placed under control. 5. Reasonable tariffs are placed on non-necessary imports such as Flat panel TVs, Foreign cars with US retail values of over 30,000 dollars, High-priced clothing, clothing who's companies cannot prove human rights standards are being met etc... 6. Obama's administration starts to lean on the banks part of the 700 Billion Bailout for documentation and receipts . 7. The government starts loaning money and giving tremendous tax breaks to business that produce material goods and imports in order to raise the value of the dollar. The economy will tank and start a depression before 2010 if: 1. We escalate into another war, this will lead to a ungodly increase in borrowing from foreign governments (who just might say No at this point). 2. Detroit does not get anything and collapses 3. The 700 Billion bailout banks continue to freeze credit lines, fake network/server outages and do not account for the spending they did after the bailout 4. Gas prices plummet to a nationwide average below 1.25 a gallon. 5. More foreclosures because of unemployment (people who are homeless tend to have a harder time looking for work AND certain ahole employers ironically look down on the homeless when they come in looking for a job) -- vicious cycle. 6. Obama starts giving away free money that 100 million morons spend on the latest gadgets and sweatshop sneakers from Asia. 7. Obama does not practice SMART social spending. 8. Americans don't start sacrificing 9. Americans continue to whine about the economy but still spend on bullsh*t because "I worked for my money, I'll spend it on whatever I damn well please"

Public Comments

  1. It will take years to fix the Bush mess.
  2. GUESS WHAT, USD IS LOOSING ITs VALUE, AND IT WILL SOON BE WORTHLESS The USD has been going lower against JPY, Yuan,NTD,and HKD. July 07 $1usd=127JPY, today 1usd=87JPY. The usd has been going higher against Euro, yet, it was predicted that it will start a downward spiral as soon as all the US banks finish withdrawing their investments in Europe for US dollars that they urgently need, and that process just started on last Friday, for the first time in 9 month, USD started going south against Euro, today 1USD=0.69EUR. http://morbidsymptoms.blogspot.com/2008/... http://www.moneyweek.com/investments/can... Since 2004, when the amount of the government bond issuance reached an annual average of $400 billion, 94% of US government bonds have been China and Japan. "There is no wonder the dollar will weaken," said Eisuke Sakakibara, Japan's former top currency official and now a professor at Waseda University. "The dollar now looks strong for a technical reason. The money the US financial firms had invested in the world is being repatriated into the homeland, causing dollar-buying. But once this conversion into the dollars is done, the currency will head south," Sakakibara said at a forum in Tokyo on Sunday.
  3. If gasoline continues to stay down, the transportation industry goes back to previous costs, and everyone buys new appliances, the economy will come back....
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