Economy Doing Good...
I dislike Bush as much as the next person, but why is everyone saying the economy is bad? I know there are some jobs that are lost, but I was looking today and was shocked to see here that it says the Real GDP is like 4%! That is impressive. That coupled with inflation being only 1.9% I don't see how the economy can be doing bad. So am I missing something or is it just something to argue over brought up by the election stuff?
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Originally posted by ast3r3x
or is it just something to argue over brought up by the election stuff?
/me hands ast3r3x a cookie for getting the correct answer
Originally posted by dviant
/me hands ast3r3x a cookie for getting the correct answer
/me hands dviant a cookie for posting what I was going to post, but before me, saving me a little effort.
Originally posted by ast3r3x
I dislike Bush as much as the next person, but why is everyone saying the economy is bad?
Can you help my wife get a job? Hiring seems to be very tight right now. If you are not an exact fit for a job position, the odds of getting hired aren't very good.
Originally posted by ast3r3x
I was looking today and was shocked to see here that it says the Real GDP is like 4%! That is impressive. That coupled with inflation being only 1.9% I don't see how the economy can be doing bad.
The 4% was GDP growth in Q403...this growth (in fact most of the GDP growth we saw in 2003) was spurred by increased spending (post tax cuts) and by military spending. For example, in Q203, in dollar terms, GDP grew by about $100 billion. Around $45 billion of this was money spent on the war. Some may argue that the Bush administration was right to spend the budget surplus in order to boost the recovery...others may argue that it is a short term measure that does nothing to speed recovery but rather creates a distortion during the period of increased spending.
I don't get how the economy can be doing so well but jobs be so tight. I always thought good economy went hand in hand with employment, but I guess not.
The economy may be doing good, but that doesn't mean it is "booming". When it is booming, that is when I believe you find the times of "rampant employment". Employment isn't like an on/off switch wrt economic state. It gets better in response to how close the economy is to being "on fi-yah". It's not there, yet, but I believe it will get there eventually on our current tract. So the legions of unemployed just have to ride it out in the meantime (and find short term work in alternate venues, if possible).
MY economy sucks Janet's pierced tit. Can't find anything in my field and still working retail @ shit wages.
The economy is only doing good for the rich, the lucky and the ones who don't know better about their credit limits.
Dumbass sheep.
And I ride the bus to work
nah, okay that's not true, but I still don't really like 'em that much. Unfortunately, it seems like so much of our economy is set up around credit. Your credit rating can determine what you can and cannot buy(houses, cars...etc.) at least, from what I understand. Of course, that's on credit, but...augh.
this stuff is too much for me just now, I should really hit the books on economics.
Originally posted by Wrong Robot
I got my first credit card(student dealie) I have been scared to use it, I don't want to have that looming "buy now, pay later" feeling. It's like procrastination, which I excel at. I don't think I'd be very responsible with a credit card.
nah, okay that's not true, but I still don't really like 'em that much. Unfortunately, it seems like so much of our economy is set up around credit. Your credit rating can determine what you can and cannot buy(houses, cars...etc.) at least, from what I understand. Of course, that's on credit, but...augh.
this stuff is too much for me just now, I should really hit the books on economics.
My friend from Cameroon finds it hilarious that to have good credit in this country you must be in debt. However, simply having a credit card is good if you want to build credit. If you have a card run responsibly for 5 years, your credit will start out in very good shape.
I spent most of college in credit card debt. It hurt my quality of life considerably. Whatever you do, don't fall in the "I'll pay it off when I make money" trap. Trust me, it will loom over your head for years.
Don't do it. Do not do it. It is not worth it. Get a part-time job scrubbing floors first. Credit cards will make your life hell. I fell into that trap because my parents are first-rate financial dumbasses (I will be my family's first ever college grad) and I never learned anything better, luckily I learned the lesson when my first bill came.
Big Business wants to get you in debt quick and live off the interest, don't do it. Don't do it.
FWIW, I, too, had credit cards through college. I built up some debt over that time. Over time, I paid them off. I never had a delinquent payment or forfeiture. I managed my finances responsibly, and the reward is credit that CC and loan companies die for.
Originally posted by Naderfan
But it's tempting to go all out, especially when you're a poor college student.
Like my roommate. I think he's taken out 3 massive loans, with another one pending. He spends it all, then takes out another loan. I don't know enough about loans to know if this is a good idea. But it certainly doesn't seem like one. Seems like the type of thing that will lead him into debt for the greater part of his life.
I love you man. DON'T DO IT. I could tell you horror stories of how fast it happens once you carry a balance.