Posted by fayeroe on July 6, 2008, at 11:25:58 [reposted on July 6, 2008, at 13:10:45 | original URL]
In reply to Re: Anyone Else Starting To Fear The Economy?, posted by Larry Hoover on July 6, 2008, at 10:45:39
> I just thought of another way of saying what I'm trying to get across....
>
> For *most* people, the economic decisious they're facing are lifestyle decisions, not survival decisions. Buying a more fuel-efficient vehicle, hanging out at the mall/restaurant meals less often, vacationing closer to home....Not about how to feed the family, or cope with having nowhere to shelter them. Being more sensible with credit, rather than outright bankruptcy. We still pay less for food, on a percentage of total income basis, than we did in the 1920's, the 1950's, the 1980's. We're just a little spoiled.
>
> LarFor your first post...... Yes, consumer confidence is down, at the lowest it's been since ~1990, but consumer confidence hits a bottom *after* the economic recovery has already begun. It lags the performance of the economy itself.
I beg to differ with you about consumer confidence hitting the bottom after the economic recovery has already begun. Texas is in trouble right now. I am too lazy to list everything that affects the consumer here (I live here, so am speaking from mine and my friends experiences) but it is serious now.
People can't afford health insurance, car insurance is way down...folks are only buying what the state requires, putting food on the table is really hard...I drove into the little mall where the food bank is, last week, and the line to the door went around a corner and out of the mall.....folks are driving ten year old cars, etc. etc.
I'd like to know where all of that confidence is right now, Larry.
There won't be an economic recovery anytime soon. You can talk about "floating money" and such.....well, it isn't floating around people here. All of that money only makes the rich richer and the poor, poorer.
We still pay less for food, on a percentage of total income basis, than we did in the 1920's, the 1950's, the 1980's. We're just a little spoiled.
Milk is $5 a gallon, eggs are $3 and rice is unbelievable expensive. I do not agree with you. I am much older than you and I do remember the 40s, 50s, 60s, 70s, 80s and 90s. A loaf of bread that I did pay $1.85 for is now $2.48.
I ain't buying into your ideas. :-) Pat
poster:fayeroe
thread:838387
URL: http://www.dr-bob.org/babble/poli/20080312/msgs/838426.html