I was listening to a liberal radio talk show this morning and some economist claims we are bad off and lists the reasons: home values, foreclosure, jobs lost, dollar value, mortgage meltdown, dollar value, bla bla bla. All the same stuff everyone is complaining about. Now if you bought an overpriced home 1 year ago with nothing down what exactly did you lose? Logically speaking the prices will come down now that there is a greater supply of homes on the market. You lost your home now you will have to save and have a good down payment to buy the next home. What is the problem here, the market is at work. Oh yeah and now you cannot borrow against that house to spend on plasmas, German Ultimate Driving Machines and crap. Too bad.
The lady economist practically admitted that the drop in dollar value is a benefit to the US economy because now we export more. Oh and trips to Europe will be more expensive.
So without sounding rhetorical in my title, tell me what is so wrong with the economy other than we cannot borrow against our homes to buy imported gadgets?

It's nothing more than politics at the expense of the investors.

They keep saying that there is a recession imminent, well im not feeling it. My life hasnt been affected in the smallest way by the supposed economic breakdown.

In the worst case scenario you might have to go back to school and learn a new trade that is more in demand and for a few years you will have to bite the bullet and not be able to upgrade your car or television. Big fuckin deal. Just where in the Constitution is a plasma for every room in the house guaranteed?
People have enough to eat and if you lose your home you will just have to move into an apartment for awhile until you have enough for a real down payment!
Two jobs temporarily? Why not do it to get back on your feet?

The price at the pump should be an indicator for you. I've heard rumors that it may be $4 by the end of the summer and $5 a year from now. These are rumors mind you, but I don't doubt them. Inflation will soon start to effect the whole economy.

Democrats said they want a 50 cent tax increase on each gallon of gas.
That means about 35% of the cost of gas would be Govt taxes.

Personally, I think we should tax gas due to the shear fact that its destroying the planet and the gov't needs money now, but I'm doubting many on this forum will agree with me. I was just using gas to point out the inflation that's happening right now.

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"The world is my country, to do good is my religion."
-Thomas Paine

Why do you think oil is higher now?
Why does the Govt need more money?

To pay for the war that Bush and Cheney wanted.