The goverment can only do so much to hold jobs for it's people but the people have to buy and shop at the stores that have american made  and shop at the mom-pop stores, no-one is talking about living in the past, but by trying to live high on the hog and buying everything dirt cheap, has caught up with us, and now we are blaming our President for not putting us all to work this very minute, all Presidents try no matter who they are or party affiliation to keep the american people working but we must help by buying the things that we need that are american made. triffid

Quote from: triffid on September 16, 2010, 09:27:22 AM
The goverment can only do so much to hold jobs for it's people but the people have to buy and shop at the stores that have american made ...

I was thinking of that while doing engineering research.  I'd like to concentrate on American manufacturers(naval engineering diesel suppliers) but foreign companies have bigger, more efficient engines(Wartsila marine diesels in Finland).  American Catepillar diesels comes closest.  GE LM6000+ gensets are adequate.
(I'm researching the design of more capable warships to tolerate missile battle damage from Russian antishipping missiles.)

But, you have a point if you imply, or state outright(?), Americans need to become more self sufficient in products they can make themselves and not depend on foreigners for what they want to buy.

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... and shop at the mom-pop stores, no-one is talking about living in the past, but by trying to live high on the hog and buying everything dirt cheap, has caught up with us, ...

Ah, the American dream!  Everything for ME NOW! and keep up with the Joneses next door!  I'm smart enough to know that won't last forever.  Greed is it's own reward/punshiment.

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... and now we are blaming our President for not putting us all to work this very minute, all Presidents try no matter who they are or party affiliation to keep the american people working but we must help by buying the things that we need that are american made. triffid

Very good.  My point above exactly.
When people realize the party is ending soon, and they have no money to throw around on unnecessary things, they'll be a lot less civilized and law-abiding if they're scared to death of starving.

--Lee

Quote from: the_big_m_in_ok on September 16, 2010, 08:10:18 PM
When people realize the party is ending soon, and they have no money to throw around on unnecessary things, they'll be a lot less civilized and law-abiding if they're scared to death of starving.

The money in housing market is more precarious and less plentiful than many believe:

http://news.firedoglake.com/2010/08/31/data-suggests-imminent-spike-in-foreclosures/

I recall a few days ago that a financial reporter on a news program said that 5,000,000+ American  households are in default right now, and the banks are simply allowing the homeowners to ignore monthly payments---which the banks are eating in lost profits.  (Not good for their bottom line.)

If the banks called in the foreclosures at once(not likely at all!), the housing market would collapse.

That's what the reporter said and I agree.  As it is, house prices are forecast to continue falling for at least 2 more fiscal quarters in Western states and Florida in particular.

--Lee

Quote from: the_big_m_in_ok on September 17, 2010, 09:58:10 PM
The money in housing market is more precarious and less plentiful than many believe:

http://news.firedoglake.com/2010/08/31/data-suggests-imminent-spike-in-foreclosures/

I recall a few days ago that a financial reporter on a news program said that 5,000,000+ American  households are in default right now, and the banks are simply allowing the homeowners to ignore monthly payments---which the banks are eating in lost profits.  (Not good for their bottom line.)

If the banks called in the foreclosures at once(not likely at all!), the housing market would collapse.

That's what the reporter said and I agree.  As it is, house prices are forecast to continue falling for at least 2 more fiscal quarters in Western states and Florida in particular.

--Lee

So the question may be asked.....Is anything positive going to come from all of this that is happening?


J.

One of the reasons I'm not buying houses is that I believe the bottom to the housing market has not been reached.I'm content to wait another two years then start buying again.