Double dip recession

[Armistead]

Many factors say we're heading for a double dip recession. Here in NC the unemployment numbers are again on the rise after some minor employment growth. Rising gas cost, the debate over the debt ceiling and most of the bailout money has been worked through the system, so it's basically gone. Foreclosure in NC are higher now than anytime in the past, so housing market still is bad.

Food and gas now take an average of 16% of income for most middle class.

Hoping we don't see a double dip, but seems very possible. As many economist stated the bailouts were done so poorly, we got little bang for the buck, except corporations made some great profits. With interest rates at an all time low, it helps the stock market some, but with it
comes inflation. Last I checked the Central bank already had interest rates to 0, simply not anything else they can do.

[TorpX]

Double dip? I feel like we're still in the first dip. (I know technically we are out of the recession.)

Not only were the bailouts done poorly, but I think they should not have been done at all. I tend to believe that many who signed off on the bailouts were swept up in the panic. They should have known better. The money was absolutely wasted. Criminal ineptitude. :x

BTW, I don't know of any article of the Constitution, which gives the Federal Gov't the authority to do this.

[gimpy117]

double dip? but corporate profits are up!! who cares about middle america!! money, money money!!!

[August]

double dip? but corporate profits are up!! who cares about middle america!! money, money money!!!

What do you care about Middle Class America Gimpy? :DL

Didn't you say recently that you made only $500 bucks last year? That would put you firmly in the Poor Class ranks, well out of the Middle Class bracket.

Don't forget that real Middle Class Americans usually have a stock portfolio. To us larger corporate profits mean larger dividends.

[Fish In The Water]

Don't forget that real Middle Class Americans usually have a stock portfolio. To us larger corporate profits mean larger dividends.

It's a good point, (and one that's often overlooked by those who advocate class warfare), but at the risk of being nit-picky what's with the word 'real' in that sentence?

Did you intend to imply there is such a thing as 'unreal' or 'fake' Middle Class Americans? Or, (as would seem more likely), did you mean it the sense of 'actual' Middle Class Americans? :hmmm:

[gimpy117]

Didn't you say recently that you made only $500 bucks last year?

no that what they took out of my paycheck. I made like 3 grand in the summer, had 4 something at the end with some gifts for college.

I care about the middle class because it's my future

[August]

It's a good point, (and one that's often overlooked by those who advocate class warfare), but at the risk of being nit-picky what's with the word 'real' in that sentence?

Did you intend to imply there is such a thing as 'unreal' or 'fake' Middle Class Americans? Or, (as would seem more likely), did you mean it the sense of 'actual' Middle Class Americans? :hmmm:

I'll take door number two Monty.

[August]

no that what they took out of my paycheck. I made like 3 grand in the summer, had 4 something at the end with some gifts for college.

I care about the middle class because it's my future

Got a portfolio yet?

[Fish In The Water]

I'll take door number two Monty.

I only got one door and stop calling me Monty... ;)