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How's the economy?

  
 
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Old 07-01-2008, 02:14 AM     Post subject: How's the economy? #1 (permalink)  
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I'm trying to get an objective understanding of the current economic situation in the US. Looking at manipulated stats won't help so I turn to you instead, to tell me your personal view on how bad things are. I want to know if someone you know may be in trouble because of the housing crisis. And how fast is the cost of living going up? Is inflation noticable when you go shopping? Have you noticed any difference with credit card loans yet?

I read a lot about people having a rough time right now but I'd like to know how wide spread this is. If you have personally noticed something that's out of the ordinary, please tell me.
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Old 07-01-2008, 03:17 AM #2 (permalink)  
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Old 07-01-2008, 03:18 AM #3 (permalink)  
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I don't personally know anyone who is trouble because of the housing crisis.

Food prices and gas prices are noticably higher. Most people are cutting back on discretionary spending and travel. People are still buying beer, but they're buying cheaper beer.

The building trades are just now (in June) starting to get busy again. There's always a slow season in the winter, but it lasted longer than usual this year. Very few people are building new houses, but there are lots of people remodeling.

I don't notice any differences with credit cards.

I live in Ohio and supposedly Ohio is one of the worst hit states. The situation is greatly overexaggerated in the media.
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Old 07-01-2008, 03:19 AM #4 (permalink)  
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Old 07-01-2008, 03:33 AM #5 (permalink)  
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everything is over exaggerated by the media

 
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Old 07-01-2008, 05:02 AM #6 (permalink)  
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media aint exaggerating shit.

a developer i know used to be a multimillionaire. he is now no longer, and losing like 30k a month or something ridiculous after making tons of cuts. this is solely due to the recent housing situation.

my parents and brother took about a 40k hit on a house they bought before this shit but needed to sell during it.

a friend living in arizona has been trying to move back up here, but cannot because he owns a couple homes, and they wont sell reasonably.

my sister has a two year old minivan that runs just fine but bought a new car that gets better gas for the sole reason of gas.

think about it this way: most of americans live paycheck to paycheck, but now our overall expenses are increased. this fucks us in almost every way.

this could easily be the beginning of the worst depression in our nations history. it will hit the entire world hard too, but US the worst. oil demand continues to increase while supply decreases. this was not always evident due to other factors, but we are now at the point where it will not change. the ONLY option is in other methods of fuel and power, but those will take veeeeeeerrrry long to set up. our entire transportation system is oil based. converting to another base (most viable now is hydrogen, which is what it is actually now except the fact that oil is the packaging) will take sooooo much money and sooooo many years. this will likely fuck us.

my plan is to get rich over the next couple years so i dont have to put up with this garbage. this is going to be a very long issue because its an issue of forced energy conversion.

and this is only one side of it. the housing bubble or whatever i dont understand so i wont say anything else about it. afaik, some banks need to bite the bullet that they tried to shoot at consumers, and that will be the fix. i could be way off on that though.
 
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Old 07-01-2008, 05:17 AM #7 (permalink)  
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I live in Michigan in the suburbs of Detroit and we are being hit pretty hard. In some way almost everyones job seems to be connected to the automobile industry. The auto industry is on hard times and it is trickling down and effecting a lot of people. Unemployment is high, there are just not a lot of jobs.

My dad spent all of last summer looking for a job after the place he worked at closed down (a company that packaged auto parts and had its contract dropped out on by ford).

A lot of auto companies are forcing older employees with higher salaries into retirement so two of my uncles live in constant unknowing of if they will have a job next week.

For a summer job I work at a grocery store at the fish counter, and because of gas prices and economic uncertainties people just are not spending as much as they use to on food. So I get bitched at by my managers for not being able to sell $20 a pound fish. They are also cutting hours for part time employees.

But personally I do have to take a step back and realize that I am better of than most people, I own my own car, I can afford go out and party with friends once in a while etc etc. But compared to three, four years ago things are tighter.

That is just stuff I have noticed personally, hope it helps.
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Old 07-01-2008, 03:15 PM #8 (permalink)  
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Originally Posted by wufwugy
this could easily be the beginning of the worst depression in our nations history.
yup, that's pretty much what i have come to believe. I just wanted to know how people were affected on a personal level. Thanks for the responses.

Quote:
Originally Posted by wufwugy
my plan is to get rich over the next couple years so i dont have to put up with this garbage.
Just make sure you don't have all your savings in dollars. That might be disastrous.
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Old 07-01-2008, 03:19 PM #9 (permalink)  
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Yeah, there's very little exaggeration going on about this.

Over past years my parents were paying all their bills and living fairly comfortably, able to save some money in the process. Last year and this year they're getting closer and closer to breaking even after everything is paid.
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Old 07-01-2008, 05:24 PM #10 (permalink)  
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Ya gas prices have affected nearly everyone and nearly everything. I've heard people from other countries say how our gas isn't that expensive, which may be true, but its the sharp increases that are killing everyone. Around 2 years ago gas was like around $2/gal. and now its at $4 or more. And Americans commute a lot more than other countries I think. I know people that commute like 70 miles a day each way!! Used to pay like $150/week for gas now like $300! Thats $600/month taken from savings/bills/enjoyment.

And I blame the banks/mortgage companies for being very greedy and f***cking up the whole industry and lots of people in the process. Although, people bit off more than they could chew, which is their own fault.
But I don't think its the start of a depression and I'm hopefull the country will start to pull out of it by the end of the year *fingers crossed*.

God bless America
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Old 07-01-2008, 05:30 PM #11 (permalink)  
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BTW these are the times that smart with a little money become wealthy people later in life. If I had extra cash I'd be investing as much as I can. Warren Buffet was once asked, how can the average American become wealthy through investing, and he said, "Be cautious when others are being greedy, but be greedy when others are being cautious."
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Old 07-01-2008, 06:46 PM #12 (permalink)  
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Quote:
Originally Posted by wufwugy
this could easily be the beginning of the worst depression in our nations history.
Ummm no, it won't even come close to the great depression. Gas is still dirt cheap in the U.S. so stop all this whining. If people are broke then they need to get their ass to college and get a better job. It's every man for themselves, stop blaming someone else.
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Old 07-01-2008, 07:17 PM #13 (permalink)  
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Quote:
Originally Posted by 2_Thumbs_Up
Quote:
Originally Posted by wufwugy
this could easily be the beginning of the worst depression in our nations history.
yup, that's pretty much what i have come to believe. I just wanted to know how people were affected on a personal level. Thanks for the responses.

Quote:
Originally Posted by wufwugy
my plan is to get rich over the next couple years so i dont have to put up with this garbage.
Just make sure you don't have all your savings in dollars. That might be disastrous.
gold baybee.

also, i was sorta speaking out my ass about worst depression ever. doing a little research on the great depression and that was omgbad. however, IF alternative energy comes by slow and hard then it will spark the worst ever no doubt.
 
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Old 07-01-2008, 07:24 PM #14 (permalink)  
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Quote:
Originally Posted by wufwugy
Quote:
Originally Posted by 2_Thumbs_Up
Quote:
Originally Posted by wufwugy
this could easily be the beginning of the worst depression in our nations history.
yup, that's pretty much what i have come to believe. I just wanted to know how people were affected on a personal level. Thanks for the responses.

Quote:
Originally Posted by wufwugy
my plan is to get rich over the next couple years so i dont have to put up with this garbage.
Just make sure you don't have all your savings in dollars. That might be disastrous.
gold baybee.

also, i was sorta speaking out my ass about worst depression ever. doing a little research on the great depression and that was omgbad. however, IF alternative energy comes by slow and hard then it will spark the worst ever no doubt.
We have the technology...a depression might be the spark towards major social change regarding conservation
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Old 07-01-2008, 07:32 PM #15 (permalink)  
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most americans dont know how to manage money, and are bad at managing debt, which is why they are having issues making ends meet. so yes consumer confidence isn't the greatest, as for the economy, our gdp increased in the first quarter. in other words, the output of goods and services produced by labor and property
located in the United States increased. That doesn't happen in a depression. We aren't in a depression. And, we aren't really in a recession. Americans haven't stopped spending money, they have just switched what they spend their money on. Less entertainment, material goods; more on basic necessities and debts incurred from uninformed decision making when banks were "LIKE OMG HERE HAVE A LOAN I DONT CARE WHAT YOUR CREDIT IS..........but the interest rate is variable, or only fixed for x months/years"

 
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Old 07-01-2008, 07:39 PM #16 (permalink)  
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Quote:
Originally Posted by Pythonic
Quote:
Originally Posted by wufwugy
this could easily be the beginning of the worst depression in our nations history.
Ummm no, it won't even come close to the great depression. Gas is still dirt cheap in the U.S. so stop all this whining. If people are broke then they need to get their ass to college and get a better job. It's every man for themselves, stop blaming someone else.
youre thinking short and narrow when you should be thinking long and wide. i did not say this IS, but this could be the beginning of. could be a decade or half a dozen decades from now, but it is definitely inevitable if energy supply does not replenish.

gas may be dirt cheap now (its not, it used to be), but what about when its 20$, 50$, 150$ a gallon? it will eventually be if we rely on oil long enough. also, prices at the pump are not the entire picture. they're actually a smaller part of the picture affected by oil crisis. since just about everything that transports, and all large machines rely on oil, prices of everything will skyrocket.

whats it gonna be like when gas is 20$ a gallon at pump, video games are 100$ USD, bananas are 3$ a pound, etc?

comparing to what this can become to the great depression is a little off, though because they are a little different in causes and solutions.

also dude, your last two sentences are mega naive. if somebody's broke, they do not have the money or time to go to college, as well as college is not the cure all it used to be. not to mention that as prices go up jobs will decrease.

you last sentence is a strawman of economy, for starters. it also sorta represents the tragedy of the commons. it is not black and white as you say.
 
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Old 07-01-2008, 07:57 PM #17 (permalink)  
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Quote:
Originally Posted by bigred
Quote:
Originally Posted by wufwugy
Quote:
Originally Posted by 2_Thumbs_Up
Quote:
Originally Posted by wufwugy
this could easily be the beginning of the worst depression in our nations history.
yup, that's pretty much what i have come to believe. I just wanted to know how people were affected on a personal level. Thanks for the responses.

Quote:
Originally Posted by wufwugy
my plan is to get rich over the next couple years so i dont have to put up with this garbage.
Just make sure you don't have all your savings in dollars. That might be disastrous.
gold baybee.

also, i was sorta speaking out my ass about worst depression ever. doing a little research on the great depression and that was omgbad. however, IF alternative energy comes by slow and hard then it will spark the worst ever no doubt.
We have the technology...a depression might be the spark towards major social change regarding conservation
it definitely would be. and yes and no we have the technology. my understanding here is kinda rudimentary so i cant lay it out for certain, but there seem to be problems with all our technologies. the truly good technologies, like nuclear fusion and maybe artificial photosynthesis are out of our reach currently. ones like solar power are just not that efficient. yes there is a tons of sun, but due to cycles wed need to store that all in batteries, and batteries are just not that viable with our technology at this point.

even then, the problem isn't so much technology, but conversion. oil companies basically shot us in the foot by making oil our energy packing because converting to other viable sources is way hard then. if for example everything ran on natural gas then we could easily convert to other things like hydrogen.

fat chance at seeing more nuclear plants. we so should but we wont. tech is much better now to the point that waste has a half life of just a few years. as far as cars go we should all do hybrids, which we will soon enough. hybrids will get very gas efficient as the years go by. but that still leaves tremendous problems with larger machines, like ones that build stuff. i dont even know if its possible to build a hybrid tractor.

this is a very weird time and will continue to be for a while. it is likely that the economy will not plummet like it has in the past, but it also will not flourish for a while.
 
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Old 07-01-2008, 08:11 PM #18 (permalink)  
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Originally Posted by wufwugy
this is a very weird time and will continue to be for a while. it is likely that the economy will not plummet like it has in the past, but it also will not flourish for a while.
I agree. Things will either be bad or they will be good. Or they will stay the same.
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Old 07-01-2008, 09:19 PM #19 (permalink)  
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When I bought my House in 2000, Home Heating Oil was .89cents a gallon. Now Its $4.69 a gallon. But just last winter it was 2.79 a gallon.
Multiplied by 800 gallons a year
That is a HUGE difference. So instead of the thermostat at 65degF this winter it maybe 62degF or even less.
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Old 07-01-2008, 09:39 PM #20 (permalink)  
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Originally Posted by frosst
most americans dont know how to manage money, and are bad at managing debt, which is why they are having issues making ends meet. so yes consumer confidence isn't the greatest, as for the economy, our gdp increased in the first quarter. in other words, the output of goods and services produced by labor and property
located in the United States increased. That doesn't happen in a depression. We aren't in a depression. And, we aren't really in a recession. Americans haven't stopped spending money, they have just switched what they spend their money on. Less entertainment, material goods; more on basic necessities and debts incurred from uninformed decision making when banks were "LIKE OMG HERE HAVE A LOAN I DONT CARE WHAT YOUR CREDIT IS..........but the interest rate is variable, or only fixed for x months/years"
You hit the nail right on the head!
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Old 07-01-2008, 09:48 PM #21 (permalink)  
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Originally Posted by wufwugy
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Originally Posted by Pythonic
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Originally Posted by wufwugy
this could easily be the beginning of the worst depression in our nations history.
Ummm no, it won't even come close to the great depression. Gas is still dirt cheap in the U.S. so stop all this whining. If people are broke then they need to get their ass to college and get a better job. It's every man for themselves, stop blaming someone else.
youre thinking short and narrow when you should be thinking long and wide. i did not say this IS, but this could be the beginning of. could be a decade or half a dozen decades from now, but it is definitely inevitable if energy supply does not replenish.

gas may be dirt cheap now (its not, it used to be), but what about when its 20$, 50$, 150$ a gallon? it will eventually be if we rely on oil long enough. also, prices at the pump are not the entire picture. they're actually a smaller part of the picture affected by oil crisis. since just about everything that transports, and all large machines rely on oil, prices of everything will skyrocket.

whats it gonna be like when gas is 20$ a gallon at pump, video games are 100$ USD, bananas are 3$ a pound, etc?

comparing to what this can become to the great depression is a little off, though because they are a little different in causes and solutions.

also dude, your last two sentences are mega naive. if somebody's broke, they do not have the money or time to go to college, as well as college is not the cure all it used to be. not to mention that as prices go up jobs will decrease.

you last sentence is a strawman of economy, for starters. it also sorta represents the tragedy of the commons. it is not black and white as you say.
Dude, gas is still cheap here. It's $9.40 gallon in Germany currently and has been $7-8 in Europe for the last 8 yrs. Gas prices will level off in good time, we are currently building a refinery here in the U.S. to help decrease the price a little. We also have pleny of people working on alternative energy sources.

If someone is broke that is not my fault nor others. It's not my problem they made poor decisions when they were younger but most "can" fix it if they really want to. People can go to college for free with most employers so I don't want to hear it. People spend too much time complaining instead of fixing the problem themselves. My last sentence in the quote above is the difference between the elephants and the donkeys.
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Old 07-01-2008, 10:45 PM #22 (permalink)  
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Quote:
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I agree. Things will either be bad or they will be good. Or they will stay the same.
politician?
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Old 07-01-2008, 11:11 PM #23 (permalink)  
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also, i was sorta speaking out my ass about worst depression ever. doing a little research on the great depression and that was omgbad.
I wasn't.. Inflation is just getting started, houses have a long way down and credit cards are the next bubble.
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Old 07-01-2008, 11:43 PM #24 (permalink)  
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to give an example of american's warped sense of needs vs wants, i've asked a few of the people i work with, who have been bitching about how they have to cut back on their spending and can't get x or y anymore and have to settle for z, if they still have cable/satellite. they look at me like i'm crazy and say "of course". so i don't really have that much sympathy for most of these people.

 
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Old 07-02-2008, 12:22 AM #25 (permalink)  
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Hmmmm, How I cut back:

got rid of Netflix video service saving $10 a month
Bring Lunch to work everyday saving $10/15 a day
Quit drinking for 8 months saving SHITLOAD of $$$$
Switch all light bulbs in my house to CFL's saving $20 a month on the electric bill
Planted a garden to save $$ and eat better
Turned water heater down to 110 deg, saving $
Less eating out at night.
Only have Basic/basic/ cable
Minimum phone services.

I cut all this shit and then my wife goes out and bought a Horse, so guess what? I'm Fuked.
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Old 07-02-2008, 12:55 AM #26 (permalink)  
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I cut all this shit and then my wife goes out and bought a Horse, so guess what? I'm Fuked.
Infinity gas mileage FTW!
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Old 07-02-2008, 12:59 AM #27 (permalink)  
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as far as cars go we should all do hybrids, which we will soon enough. hybrids will get very gas efficient as the years go by.
Hybrids are so far from the solution for personal transport it's ridiculous.


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Old 07-02-2008, 01:19 AM #28 (permalink)  
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Originally Posted by Pythonic

Dude, gas is still cheap here. It's $9.40 gallon in Germany currently and has been $7-8 in Europe for the last 8 yrs.
you cannot compare US and europe gas for a number of reasons. 1. when we talk about oil we are talking global. 2. many, if not all, of the areas with higher gas prices than US also have higher taxes, and possibly other things, on gas, and lower taxes in other arenas. also, US geography requires tonssss more oil consumption than pretty much all other places (except maybe canada).

Quote:
Gas prices will level off in good time, we are currently building a refinery here in the U.S. to help decrease the price a little.
yay for a .25$ reduction in oil, peak production hitting in like 2020, and total production only supplying US for a couple years. there has been tremendous propaganda about how much 'clean' oil we have left and how much it costs to procure it. the more we focus on oil the more we fuck our children and ourselves when we are old.

Quote:
We also have pleny of people working on alternative energy sources.
we actually have less than you'd think. funding is and has been for a long while way low for the sciences. shit cancer would probable be cured already if instead of wars US govt funded science.

your statement is a great example of a folly in how humans think about relatively unknown issues. start hammering out details and you'll see how its not cut and dry. who's plenty of people, what alternative energies, how viable are they, what kind of timeline, tons of other shit? do you think we will magically develop some obscure technology that will fix our problems? a ton of energy sources are just not viable for what we need, and we are not really discovering new sources, we are trying to figure out how to understand already postulated theories.

many 'alternative' sources we've had for a while have not been produced in mass because they're just not that good. most people think we can get on solar power, wind power, some magical geothermal discovery, some magical spontaneous cold fusion discovery, and a bunch of other unnamed shit that is just not a solution. even if we can, thats not the total fix. it costs shittons of money to make the conversion. picture everything we have that runs on oil replaced. we dont have this kind of money. itll happen, somebodys gonna pay out the ass and its gonna be you and i.

Quote:
If someone is broke that is not my fault nor others. It's not my problem they made poor decisions when they were younger but most "can" fix it if they really want to.
this is not how things work. every job is important, but not every job pays well. should high school teachers and garbage men and police officers all get different jobs because they just dont make much? how is it their fault when the economy fucks them? you are addressing a minority and imposing it upon the majority.

Quote:
People can go to college for free with most employers so I don't want to hear it. People spend too much time complaining instead of fixing the problem themselves. My last sentence in the quote above is the difference between the elephants and the donkeys.
im sure you've heard of time? not to mention the fact that college does not cure like it used to.

sometimes people complain too much, sometimes not. you are imposing a formulaic explanation on a non-formulaic subject.

and please tell me youre not making an appeal to something political.
 
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Old 07-02-2008, 01:22 AM #29 (permalink)  
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Originally Posted by Galapogos
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Originally Posted by wufwugy
as far as cars go we should all do hybrids, which we will soon enough. hybrids will get very gas efficient as the years go by.
Hybrids are so far from the solution for personal transport it's ridiculous.
depending on scope, i may agree.

why do you say?

hybrids will get much better over the years, and the longer we rely on oil the better they become. they are however not a long long term solution.
 
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Old 07-02-2008, 03:41 AM #30 (permalink)  
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I feel like there are a few simple things the government or companies could do to improve the economy.

*Automakers in America have been fighting against fuel efficiency. Why? Because most American cars have such pitiful fuel mileage they can not be sold in some countries for example China which has a requirement of 41mpg for light cars and 21mpg for trucks. Automaker sales are slumping and they are bitching about imported cars. If they increased fuel efficiency they could open up new markets to sell in.

*Unemployment is really high. The electricity produced to power peoples homes causes undesired effects. Solution: Set up federally funded program to install solar panels in peoples homes. People get employment and it cuts down on energy.
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Old 07-02-2008, 03:49 AM #31 (permalink)  
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Quote:
Originally Posted by Galapogos
Quote:
Originally Posted by wufwugy
as far as cars go we should all do hybrids, which we will soon enough. hybrids will get very gas efficient as the years go by.
Hybrids are so far from the solution for personal transport it's ridiculous.
I'm sorry G, but when I'm reading a nice discussion where everybody is addressing their posts and making an argument for each post, and then you post this broad spectrum blanket statement with absolutely nothing written down to explain your point kinda makes you sound like a douchebag.
and I know you arent a douchebag, so dont think im attacking you personally or anything.

Continue discussing, i like reading.

-Chris
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Old 07-02-2008, 04:29 AM #32 (permalink)  
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Originally Posted by Sykedupp
Quote:
Originally Posted by Galapogos
Quote:
Originally Posted by wufwugy
as far as cars go we should all do hybrids, which we will soon enough. hybrids will get very gas efficient as the years go by.
Hybrids are so far from the solution for personal transport it's ridiculous.
I'm sorry G, but when I'm reading a nice discussion where everybody is addressing their posts and making an argument for each post, and then you post this broad spectrum blanket statement with absolutely nothing written down to explain your point kinda makes you sound like a douchebag.
and I know you arent a douchebag, so dont think im attacking you personally or anything.

Continue discussing, i like reading.

-Chris
The post I am typing right now is still second in line behind this quoted post in the category entitled: "Least insightful post within thread."
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Old 07-02-2008, 05:25 AM #33 (permalink)  
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Originally Posted by Pythonic

Dude, gas is still cheap here. It's $9.40 gallon in Germany currently and has been $7-8 in Europe for the last 8 yrs.
you cannot compare US and europe gas for a number of reasons. 1. when we talk about oil we are talking global. 2. many, if not all, of the areas with higher gas prices than US also have higher taxes, and possibly other things, on gas, and lower taxes in other arenas. also, US geography requires tonssss more oil consumption than pretty much all other places (except maybe canada).

Quote:
Gas prices will level off in good time, we are currently building a refinery here in the U.S. to help decrease the price a little.
yay for a .25$ reduction in oil, peak production hitting in like 2020, and total production only supplying US for a couple years. there has been tremendous propaganda about how much 'clean' oil we have left and how much it costs to procure it. the more we focus on oil the more we fuck our children and ourselves when we are old.

Quote:
We also have pleny of people working on alternative energy sources.
we actually have less than you'd think. funding is and has been for a long while way low for the sciences. shit cancer would probable be cured already if instead of wars US govt funded science.

your statement is a great example of a folly in how humans think about relatively unknown issues. start hammering out details and you'll see how its not cut and dry. who's plenty of people, what alternative energies, how viable are they, what kind of timeline, tons of other shit? do you think we will magically develop some obscure technology that will fix our problems? a ton of energy sources are just not viable for what we need, and we are not really discovering new sources, we are trying to figure out how to understand already postulated theories.

many 'alternative' sources we've had for a while have not been produced in mass because they're just not that good. most people think we can get on solar power, wind power, some magical geothermal discovery, some magical spontaneous cold fusion discovery, and a bunch of other unnamed shit that is just not a solution. even if we can, thats not the total fix. it costs shittons of money to make the conversion. picture everything we have that runs on oil replaced. we dont have this kind of money. itll happen, somebodys gonna pay out the ass and its gonna be you and i.

Quote:
If someone is broke that is not my fault nor others. It's not my problem they made poor decisions when they were younger but most "can" fix it if they really want to.
this is not how things work. every job is important, but not every job pays well. should high school teachers and garbage men and police officers all get different jobs because they just dont make much? how is it their fault when the economy fucks them? you are addressing a minority and imposing it upon the majority.

Quote:
People can go to college for free with most employers so I don't want to hear it. People spend too much time complaining instead of fixing the problem themselves. My last sentence in the quote above is the difference between the elephants and the donkeys.
im sure you've heard of time? not to mention the fact that college does not cure like it used to.

sometimes people complain too much, sometimes not. you are imposing a formulaic explanation on a non-formulaic subject.

and please tell me youre not making an appeal to something political.
Of course I can compare prices in the U.S. vs the world. This is what we are talking about. We have it cheap rather you believe it or not. If inflation would have increased like the other countries in the world it would have been $4/gallon 8 yrs ago.

India and China are the main reason for the high gas prices. The demand increased but they are not pumping more gas to account for it. Classic supply vs demand. Prices will level off and life will go on.

Of course it's gonna take 20 yrs to finalize a new energy source, people cannot expect it to happen overnight. Japan just finished making their first car that runs on water and it will be sold for $19,000. I don't expect to see it for another 10yrs or so but we are making progress.

As far as careers go, most people should know what the pay is before going into that field. Everyone knows that teachers make crap for pay but the pension 401K plan they get is awesome. Like I said, their choices are on them. People have plenty of time to go take one class after work. It's usually only 2 three hour classes per week. If they cannot find the time then they are not trying hard enough to make it work and they lack motivation. A college degree sure is better than a HS diploma, yea i know plenty of people with degrees working $12 customer service jobs but that is because they majored in something worthless or have no motivation to work hard and move up the ladder.

If you wanna blame someone for high gas prices blame and Democrats. They are the ones who make it near impossible to get permits to build refineries to make our gas much cheaper. Republicans = big business = bigger profits and more opportunities for everyone, well at least most.
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Old 07-02-2008, 05:33 AM #34 (permalink)  
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you are not comprehending my posts and are repeating yourself.
 
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Old 07-02-2008, 05:45 AM #35 (permalink)  
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I am comprehending you fine. Do you not think people should fix their own issues when the resources are out there to do so?
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Old 07-02-2008, 05:47 AM #36 (permalink)  
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[quote="wufwugy"]
Quote:
Originally Posted by Pythonic


Quote:
If someone is broke that is not my fault nor others. It's not my problem they made poor decisions when they were younger but most "can" fix it if they really want to.
this is not how things work. every job is important, but not every job pays well. should high school teachers and garbage men and police officers all get different jobs because they just dont make much? how is it their fault when the economy fucks them? you are addressing a minority and imposing it upon the majority.

wait, what? last time i checked we were in a capitalist society, in which people were free to pursue their own ways to create a viable living. So, if hs teachers, garbage men, and police officers are bitching about their low paying job, then yes they should go get another job. It's their fault because they knowingly choose to work that occupation knowing it's not the highest paying (although garbage men shouldn't be in the same category because they're actually highly paid). If we're really going to break this down simply, supply and demand (the foundation for capitalism) would take care of this.....i.e. if half a city's police force were to get higher education and a better job, a void would be created which would need to be filled. It would be filled one of two ways: either others would replace the ex officers, making the same wage, or no one would initially fill the positions. which would result in changes made in the compensation given. As for the new employees, their previous jobs would get the same treatment. So how is the economy the one screwing them?

[quote="wufwugy"]
Quote:
Originally Posted by Pythonic


Quote:
People can go to college for free with most employers so I don't want to hear it. People spend too much time complaining instead of fixing the problem themselves. My last sentence in the quote above is the difference between the elephants and the donkeys.
im sure you've heard of time? not to mention the fact that college does not cure like it used to.

sometimes people complain too much, sometimes not. you are imposing a formulaic explanation on a non-formulaic subject.

and please tell me youre not making an appeal to something political.
This is a little different. The truth is a college diploma, in of itself, is no longer a guaranteed ride to a great job, after all they're being handed out like hs diplomas are now. But, seeking the right degree can still give someone a better oppurtunity than would be possible without that education. If you pay attention to the news, the jobs that are being cut here are mainly manufacturing and low clerical jobs. Jobs that don't require much education. How many times have you heard there was a decline in medical professions? The last time I checked, health care jobs are expected to climb for the next 5 or so years with all the baby boomers retiring.

 
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Old 07-02-2008, 05:49 AM #37 (permalink)  
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nm last post, pythonic beat me to it. damn poker interfering with my commune time

 
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Old 07-02-2008, 06:15 AM #38 (permalink)  
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lol, you made some nice points though frosst.
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Old 07-02-2008, 06:16 AM #39 (permalink)  
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My wife is in school and we are doing fine right now. We are frugal with our money, at least for the time being while she's in school, so I'm sure that's why. When she gets finished she will have a guaranteed three-year contract, and because she's a nurse she will always be in demand. I am a teacher and although I don't rake in the big bucks we will probably always be okay as far as money goes...

I do have a few friends that are hitting semi-rock-bottom right now, though, if not total-rock-bottom. Some of these friends are good people that had really great jobs a year or two ago and now they are barely living month to month (of course in the houses that are bigger than they need, SUVs they're driving, etc, but not all of them are that way...).

Still, our country is in it's biggest downswing since the Great Depression (1929-1941). In the 1920's people were living outside of their means like you wouldn't believe, then the housing market started to suck, then everything got worse because of that, then the depression happened. Even though it's a totally different time period, you can draw a lot of parallels from the 1920's to today's situation.

I personally think the worst is yet to come, but I hope not. I hope we swing out of this, but it's going to be ridiculously tough to do so. Somebody made the comment earlier, "Well, people are just buying what they need to survive now and that's all, and that's a good thing!" What about stores that sell stuff we don't need but we buy it anyway (like nicer clothes, jewelry, cosmetics, etc)? What about restaurants that people no longer go to (we don't need to eat at TGIFriday's every week, lets eat bologna and cheese sandwiches at home)? What happens to those businesses, and more importantly, those people that have jobs in those businesses?

At first they start getting their hours reduced, then they get laid off......then *they* only have money for the essentials, if they have it at all. Then what about the money that they used to spend at stores where they didn't really need the stuff, and at restaurants they really didn't need to eat at? They keep it! Cycle keeps going and going and going......and you get my point.

This doesn't even cover the American industries (those that are still left, and there ain't many!) and the hits they're taking......especially the car industry, just look at Ford as an example.

To be honest I think we're fucked and we just don't realize it yet. I guess we'll see how things are going in a few years...




EDIT: Also, I'm not guaranteed a job or anything because I'm a teacher...the government actually didn't have enough money for teachers during the depression at some points and schools totally shut down. I'm not saying we're going to get to that point, but I'll be damned if history hasn't repeated itself before a few times over.......so I'm a bit worried about how things are looking right now.


 
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Old 07-02-2008, 06:30 AM #40 (permalink)  
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And I blame the banks/mortgage companies for being very greedy and f***cking up the whole industry and lots of people in the process.
nobody going to blame an ill-conceived war yet ?
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Old 07-02-2008, 06:32 AM #41 (permalink)  
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Originally Posted by daven
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And I blame the banks/mortgage companies for being very greedy and f***cking up the whole industry and lots of people in the process.
nobody going to blame an ill-conceived war yet ?
Didn't help.


 
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Old 07-02-2008, 06:35 AM #42 (permalink)  
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Im fine with the war because we need to help Iraq take care of itself. If we left now it would just happen all over again. However I'm not alright with all the aid we are giving to other countries.
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Old 07-02-2008, 07:04 AM #43 (permalink)  
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The war with Iraq was based on bullshit intelligence and leftover fears from 9/11 for an ultimate agenda that we (thought but we did but we) didn't understand then and we don't understand now.



The current shitty-ness of the economy was not caused by the Iraq War. As I said, it didn't help the matter out, but it didn't cause it. Please don't get off topic here people and turn this into OMFG IRAQ.



Starbucks shutting down 600 stores.
http://dailybriefing.blogs.fortune.c...a-bitter-plan/

To get back on topic, I was just reading CNN.com a few minutes ago and I saw this. 600 Starbucks stores shutting down. Why, because people are cutting out things that aren't essential. Well, these 600 stores had employees that thought their money was essential, and now it's gone.

Fuck I know it's not the end of the world when a coffee store does this, but hundreds (if not thousands) of companies are doing this same thing...The sky isn't falling......................is it?


 
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Old 07-02-2008, 08:56 AM #44 (permalink)  
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Quote:
Originally Posted by Pythonic
I am comprehending you fine. Do you not think people should fix their own issues when the resources are out there to do so?
this is why i said you're not comprehending me. its not about fixing our own issues exclusively, and the resources are not necessarily out there. i am not referring to now, present day. i am referring to, as i have been through the entire thread, to the course of energy supply and demand. we rely almost completely on oil, and you are kidding yourself if you think that we are not dealing with finite resources cost-effectively viable.

you know how if you look at a winning player's poker graph you see over the short term a line that rockets up and down, but over the long term a line that goes up? well this is how it is with fossil fuels. over the short term, supply and demand can be affected by factors other than our absolute resources, but over the long term, it is affected by that wholly. prices are going up and rapidly, and they will continue to incline until they become so expensive that the companies cannot sell any. if by this time we rely on oil to much of the degree that we do now then we will plummet into unfathomable depression. this will likely not happen, but definitely closer than anybody is willing to admit. we're dealing with economic issues like supply/demand and cost/value. you are not referring to global economic issues, but personal issues and neglecting the rest.

i say you are not comprehending my posts because you are neglecting these points. the point that prices are rising fast and will continue. i repeat myself, what are we going to do when oil is twice or three times as expensive? ill address more in a later post
 
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Old 07-02-2008, 09:16 AM #45 (permalink)  
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Quote:
Originally Posted by frosst

wait, what? last time i checked we were in a capitalist society, in which people were free to pursue their own ways to create a viable living. So, if hs teachers, garbage men, and police officers are bitching about their low paying job, then yes they should go get another job. It's their fault because they knowingly choose to work that occupation knowing it's not the highest paying (although garbage men shouldn't be in the same category because they're actually highly paid). If we're really going to break this down simply, supply and demand (the foundation for capitalism) would take care of this.....i.e. if half a city's police force were to get higher education and a better job, a void would be created which would need to be filled. It would be filled one of two ways: either others would replace the ex officers, making the same wage, or no one would initially fill the positions. which would result in changes made in the compensation given. As for the new employees, their previous jobs would get the same treatment. So how is the economy the one screwing them?
please do not take offense to what im about to say.

your understanding of this issue is completely wrong. like pyth, you are looking at this very narrow. you are looking at individuals, when you should be looking at society.

a society has many many positions that must be filled for it to remain a society. a society needs policemen, garbage men, teachers, etc. if these positions do not provide enough finances for the humans who are performing these duties to maintain these duties then the society will not have the duties performed, and the society crumbles.

this is very simple stuff. when cost of living rises while supply of living expenses stays same then cost of living begins to rise exponentially while supply of living expenses begins to decrease. put succinctly: the more unemployment there is, the quicker unemployment develops. this is because wherever money is spent there is a job receiving this. when less money is spent then there will be fewer jobs due to not receiving enough money. this is all based on a widespread spending of money. it is different when we spend all our money on one thing (oil) and it goes to one company. it is not like this now, but it is becoming more and more like it faster and faster than it has for a long time, and scientific projections show that it will continue.





Quote:
This is a little different. The truth is a college diploma, in of itself, is no longer a guaranteed ride to a great job, after all they're being handed out like hs diplomas are now. But, seeking the right degree can still give someone a better oppurtunity than would be possible without that education. If you pay attention to the news, the jobs that are being cut here are mainly manufacturing and low clerical jobs. Jobs that don't require much education. How many times have you heard there was a decline in medical professions? The last time I checked, health care jobs are expected to climb for the next 5 or so years with all the baby boomers retiring.
again, not addressing the issue. all jobs are needed, just because one person can move on doesn't mean his place wont be taken.

but thats beside the point. you are again thinking short and narrow. AT FIRST the jobs being lost are low clerical and manufacturing jobs, but as those decline so do ALL others. who do you think pays for doctor visits and medicine? are lowly workers somehow immune to sickness? if lowly workers are unemployed how many dentists do you think will remain in business? this flies all the way to every other profession in the country. the govt is even making less money since its citizens aren't making as much and paying less in taxes.

if you wanna watch an excellent movie that can express a few of these points in an indirect way, watch Cinderella Man. one of the best movies ever made, and it happens to be timed during the great depression.
 
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Old 07-02-2008, 09:32 AM #46 (permalink)  
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Quote:
Originally Posted by Pythonic
Im fine with the war because we need to help Iraq take care of itself. If we left now it would just happen all over again. However I'm not alright with all the aid we are giving to other countries.
its kinda sad, but this is a fucked if we do fucked if we dont situation.

take the movie Charlie Wilsons War for example: people were being slaughtered so charlie wilson got the US people to fund a war against those peoples' enemies. well that saves some of those people from being slaughtered, but it causes a number of other problems including US domestic economic issues. funding war is extremely fucking expensive. in fact, war is the most expensive thing in existence. SOMEBODY has to pay for it, and it ends up being you and me.

this is a verrrrrrry complicated issue. on the one hand, the duty of the US is to the US, but on the other hand it just seems wrong and regressive to not expend some kind of sacrifice for non-US.

i disagree completely that the US should be in iraq because it is not a US issue. it is, however, a global issue. if it was the UN in iraq that would be way different. we would be logically pursuing the goal of liberating them because it is a global human issue, and US wouldn't be paying for it exclusively. in this scenario, because its the US in there and not some conglomeration of nations, the correct move is for US to pull out because US is fucking her first and foremost duty, fucking her citizens.

put succinctly: yes the world needs policing just like small nations need policing, but it is not up to the US to police the world. it is up to the US to provide for her citizens. this is CLEARLY not happening when we are policing the world beyond our means.
 
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Old 07-02-2008, 03:27 PM #47 (permalink)  
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Quote:
Originally Posted by wufwugy
Quote:
Originally Posted by Pythonic
Im fine with the war because we need to help Iraq take care of itself. If we left now it would just happen all over again. However I'm not alright with all the aid we are giving to other countries.
its kinda sad, but this is a fucked if we do fucked if we dont situation.

take the movie Charlie Wilsons War for example: people were being slaughtered so charlie wilson got the US people to fund a war against those peoples' enemies. well that saves some of those people from being slaughtered, but it causes a number of other problems including US domestic economic issues. funding war is extremely fucking expensive. in fact, war is the most expensive thing in existence. SOMEBODY has to pay for it, and it ends up being you and me.

this is a verrrrrrry complicated issue. on the one hand, the duty of the US is to the US, but on the other hand it just seems wrong and regressive to not expend some kind of sacrifice for non-US.

i disagree completely that the US should be in iraq because it is not a US issue. it is, however, a global issue. if it was the UN in iraq that would be way different. we would be logically pursuing the goal of liberating them because it is a global human issue, and US wouldn't be paying for it exclusively. in this scenario, because its the US in there and not some conglomeration of nations, the correct move is for US to pull out because US is fucking her first and foremost duty, fucking her citizens.

put succinctly: yes the world needs policing just like small nations need policing, but it is not up to the US to police the world. it is up to the US to provide for her citizens. this is CLEARLY not happening when we are policing the world beyond our means.
AMERICA, F*** YA! WE'RE HERE TO SAVE THE MUTHERF***N DAY YA!
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Old 07-02-2008, 04:56 PM #48 (permalink)  
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Starbucks shutting down 600 stores.
http://dailybriefing.blogs.fortune.c...a-bitter-plan/.

To get back on topic, I was just reading CNN.com a few minutes ago and I saw this. 600 Starbucks stores shutting down. Why, because people are cutting out things that aren't essential. Well, these 600 stores had employees that thought their money was essential, and now it's gone. .

Good, people don't need to be spending $4 on coffee anyways and it's about time people got there values straight. I don't think those employees laid off will have any problem finding a new job at some other fast food restaurant because of the high turnover.

There were mass layoffs in 2000 as well, the world will go on.
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Old 07-02-2008, 05:13 PM #49 (permalink)  
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Pythonic
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Originally Posted by wufwugy
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Originally Posted by Pythonic
I am comprehending you fine. Do you not think people should fix their own issues when the resources are out there to do so?
this is why i said you're not comprehending me. its not about fixing our own issues exclusively, and the resources are not necessarily out there. i am not referring to now, present day. i am referring to, as i have been through the entire thread, to the course of energy supply and demand. we rely almost completely on oil, and you are kidding yourself if you think that we are not dealing with finite resources cost-effectively viable.

you know how if you look at a winning player's poker graph you see over the short term a line that rockets up and down, but over the long term a line that goes up? well this is how it is with fossil fuels. over the short term, supply and demand can be affected by factors other than our absolute resources, but over the long term, it is affected by that wholly. prices are going up and rapidly, and they will continue to incline until they become so expensive that the companies cannot sell any. if by this time we rely on oil to much of the degree that we do now then we will plummet into unfathomable depression. this will likely not happen, but definitely closer than anybody is willing to admit. we're dealing with economic issues like supply/demand and cost/value. you are not referring to global economic issues, but personal issues and neglecting the rest.

i say you are not comprehending my posts because you are neglecting these points. the point that prices are rising fast and will continue. i repeat myself, what are we going to do when oil is twice or three times as expensive? ill address more in a later post
I understand completely that our economy is oil driven. But I still stand by my point that gas is dirt cheap in the U.S. compared to the rest of the world. The price per barrel will level out soon though, the price had to get to where it needs to be due to increased demand from China and India. In the meantme we have of options to reduce the price if we see fit. Add more refineries in the U.S. We can tap into our oil in Alaska which is like the 5th largest reserve in the world.

We must keep evolving like we have for the last 1000 yrs.

1. Increasing the supply should be the #1 goal right now since prices are sky rocketing because of the higher demand.

2. Find an alternative fuel before the oil runs dry

3. Employers need to let people work from home if the job can be done there. This will save money for both the employer and employee.

Now have you thought about how much more expensive alternative fuels would be and how many people in the oil business/gas stations would lose there jobs if we stray away from oil eventually? It works both ways you know.
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euphoricism
Old 07-02-2008, 08:28 PM #50 (permalink)  
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Why, because people are cutting out things that aren't essential. Well, these 600 stores had employees that thought their money was essential, and now it's gone.
This is not why starbucks is closing those locations.

Edit: I'll be more specific. first those stores are an incredibly tiny % of all starbucks stores. Second those stores have been losing money for a LONG time, not just the last 6 months or so, which kind of shows it has nothing to do with the price of gas.
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