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+--- Thread: american recession (/showthread.php?tid=3814)
american recession - KnockoffNeil - 30 December 2012
Papers over the weekend have been reporting that obama has untill midnight on monday to cut a new deal with republicans or face going over the fiscal cliff. Basically really bad recession which will be felt globally. Any opinions on how this could effect us?
RE: american recession - Metroyeti - 30 December 2012
This countrys in a mess, no doubt if the yanks go under they will drag us even further down the ladder
RE: american recession - bigpaul - 30 December 2012
(30 December 2012, 15:22)Metroyeti Wrote: This countrys in a mess, no doubt if the yanks go under they will drag us even further down the ladder
funny, i thought that was what the EU was already doing??
RE: american recession - Straight Shooter - 30 December 2012
naaaarrrrgh BP its a race between the euro and dollar....who can f.ck up the bestest ....we laying 3rd at moment ....but hang on a bit..we could come back any min
RE: american recession - bigpaul - 30 December 2012
(30 December 2012, 16:25)Straight Shooter Wrote: naaaarrrrgh BP its a race between the euro and dollar....who can f.ck up the bestest ....we laying 3rd at moment ....but hang on a bit..we could come back any min
I think the EU is doing a good job(of f.cking us up) without any help from the Yanks!!
RE: american recession - KnockoffNeil - 30 December 2012
probably gonna make a special trip to the pound shops tomorrow just in case and prob withdraw some cash to stash. I told a few people at work i was gonna do this just in case and they just laughed. They seem to believe their savings are garunteed coz thats what the government promised them and that tescos is always open. I just said actually yeh your right
good luck to em.
RE: american recession - Mortblanc - 30 December 2012
Never fear!
U.S. politics is nothing but a money shell game anyway.
Going over the Fisical Cliff on 1/1/13 only means they come up with a different deal on 1/2/13.
Obama thinks that the word "compromise" means the other side gives up everything. He is playing a class warfare game trying to make it look like the conservitives are only interested in saving the rich when he is really only interested in continuing his unlimited spending. He counts on "Bread and circuses" to maintain his support. The conservatives are willing to raise taxes but "Big O" will not even talk about cuts to spending.
The FC is much noise and little substance. It only means that cuts will go into place automatically and taxes will rise automatically, but not by much in either direction. That is why the conservatives are willing to hold steady and call his bluff.
It is doubtful that GB will feel any affect at all.
RE: american recession - Barneyboy - 30 December 2012
(30 December 2012, 20:32)Mortblanc Wrote: Never fear!
U.S. politics is nothing but a money shell game anyway.
Going over the Fisical Cliff on 1/1/13 only means they come up with a different deal on 1/2/13.
Obama thinks that the word "compromise" means the other side gives up everything. He is playing a class warfare game trying to make it look like the conservitives are only interested in saving the rich when he is really only interested in continuing his unlimited spending. He counts on "Bread and circuses" to maintain his support. The conservatives are willing to raise taxes but "Big O" will not even talk about cuts to spending.
The FC is much noise and little substance. It only means that cuts will go into place automatically and taxes will rise automatically, but not by much in either direction. That is why the conservatives are willing to hold steady and call his bluff.
It is doubtful that GB will feel any affect at all.
well thats your view and thats fine, wrong but fine
RE: american recession - BDG - 30 December 2012
(30 December 2012, 20:32)Mortblanc Wrote: The FC is much noise and little substance. It only means that cuts will go into place automatically and taxes will rise automatically, but not by much in either direction. That is why the conservatives are willing to hold steady and call his bluff.
The conservatives have in a lot of cases made pledges to those who elected them not to vote for any tax rises. Likewise, those that rely on the welfare vote do not want to alienate themselves from welfare claimants.
The 'fiscal cliff' is a massive get out of jail for free card for both of them. It will only have big implications for the rest of the developed world if the developed world goes into panic mode over it.
Should kick the legs out of the Chinese middle class and those that work in manufacturing and other secondary industries there.
RE: american recession - Barneyboy - 30 December 2012
(30 December 2012, 21:13)BDG Wrote:(30 December 2012, 20:32)Mortblanc Wrote: The FC is much noise and little substance. It only means that cuts will go into place automatically and taxes will rise automatically, but not by much in either direction. That is why the conservatives are willing to hold steady and call his bluff.
The conservatives have in a lot of cases made pledges to those who elected them not to vote for any tax rises. Likewise, those that rely on the welfare vote do not want to alienate themselves from welfare claimants.
The 'fiscal cliff' is a massive get out of jail for free card for both of them. It will only have big implications for the rest of the developed world if the developed world goes into panic mode over it.
Should kick the legs out of the Chinese middle class and those that work in manufacturing and other secondary industries there.
do you think its deliberate to bring manufacturing back to the USA AND UK