You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #4: Welcome To Stagflation... [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-07-08 06:52 AM
Response to Original message
4. Welcome To Stagflation...
Hang on to your hats, this ride could make the late 70's seem like a bump in the road. Not only are incomes declining, jobs being lost...but there's no end in sight. If anything a chain reaction has set in that every wave of bad economic news this cycle speeds up...any jump in the price of oil, more foreclosures, a dip in the market and so on. The result in a combination of rising prices and stagnating incomes...known as Stagflation...and those of us who survived the late 70's and early 80's can tell you how difficult this situation is...especially for those just trying to keep afloat. There ends up more and more month at the end of each paycheck and this hurt the economy as spending on consumer and luxuary items all be vanish thus forcing even more people out of work and stressing the economy further.

The other day I read where the airlines will now start cutting back flights in addition to raising fares. This will all but destroy whatever summer travel. High Diesel prices will mount as goods cost more to both manufacture and distribute...and with those higher prices, sales will fall, more people will be laid off...the cycle is a hard one to break.

And this lame duck regime won't lift a finger to do a thing. They're just looking at their exit...the rest of us can go pound sand. If anything, I wouldn't be surprised if this regime feels this is just retribution for the low approval ratings and greater scrutiny. Look at how the lame congressional repugnicans already are blaming all problems on Democrats...many in that coven believe its in their best interests to see this country go down the tubes...and that they can make a few bucks on the way down.
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC