So that you won’t need to run after payday loans, President-elect Barack Obama is planning to get you extra cash. He is proposing a tax cut and what he calls the Make Work Pay Credit. It’s a different strategy for stimulating the economy. So far all the efforts that have been made by the current administration to get the economy back on track seem to be hurting instead of helping and the need for a payday loan with many people has increased. It’s impossible to tell the future; maybe the steps that have already been taken will help straighten things out in the long run. But the economy has been growing steadily worse since the mortgage crisis and the credit crunch hit. Obama is hoping that bigger checks on payday will help restore consumer confidence so you won't need to take out a payday loan.
It is the right time for the people with lot of money to buy assets in the US / US Cos. to take advantage. As is the normal case, the recession will definitely be over in a year or two, then the economy will grow very fast, and we can make a killing with the excellent growth. All of you get ready with your money, and act fast. Even in the US, Indians have lot of savings and they would be the first to benefitt from this recession. Let us take advantage.
RE:US RECESSION
by Balaji vasudevan on Feb 10, 2008 02:12 PM Permalink
Good Assessment or coincidence ??????
THE SO CALLED FED CREATED in 1913. ALONG WITH VERY BAD BANK PRACTICES LED TO GREAT DEPRESSION IN US after 1929 STOCK MARKET GREAT CRASH.
DEPRESSIONS WILL BE FOLLOWED BY WAR and WE HAD WORLD WAR II WHICH INCIDENTALLY ENDED THE DEPRESSION IN US AS MORE MEN WERE REQUIRED FOR ARMY, THEY RECRUITED.
TO COME OUT OF DEPRESSION - THE FED - HAD A VERY PAIN TAKING POLICIES THAT HAD SIDE EFFECT OF PILLS OF RECESSION.
IN 1980 PEOPLE LOST CONFIDENCE IN DOLLAR AND THEY OPT GOLD - SO GOLD IN 1965 AT $35 WENT TO 850 IN 1980. NIXON - THEN US PRESIDENT KILLED GOLD BY COMMING OUT OF COMMODITY BASED CURRENCY TO FIAT CURRENY - i.e. CURRENCY IS VALUE BY LAW (ACTUALLY IT DOES NOT HAVE ANY VALUE). FROM THEN ON THEY KEPT ON PILING THE CREDIT BASED ECONOMY ON THE COMMON MAN AND MADE HIM DEBITOR. PEOPLE SPEND EVERY DAY AS IF THERE IS NO TOMORROW. THEY POSTPONED THE MAJOR CRASH - AGAIN DEPRESSION WORLD WIDE - FROM 1980 TO 1982 TO 1987(STOCK MARKET CRASH)-1990-91(RECESSION) - TO 2000-2001 (RECESSION)
LAST BUT NOT THE LEAST 2008-2009 THEN FOLLOWED BY GREATEST OF ALL THE DEPRESSION - 2009 - 2030 MAY BE
THIS ONE IS NOT A ODINARY ONE - WE ALL ON THE PLANET EARTH WILL FACE IT WHICH HAS THE POTENTIAL TO WORLD WAR III - GREATEST EVER DEPRESSION - STAGFLATION(Rich get Richer - poor get poorer).
FACT - PRICE OF GOLD IS THE INDICATOR OF THAT.
NO ECONOMY IS DEEP ROOTED - THEY ARE DEEP ROUTED TO GREATEST DEPRESSION BY BAD PRACTICES OF THE BANKS AN
RE:US RECESSION
by Sathish N on Feb 11, 2008 11:38 AM Permalink
100% right. We are all going to bear the brunt of what a handful of folks do to our Earth. Actually not a handful, but everyone, since spectators are also responsible, if not equally, for the crime.
The best way for US to prevent a recession is to create a war somewhere. This result in sales of weapons and then reconstruction work which gives sufficient boost to delay the recession.
At the time of election, no one is ready to start a war so the in-evetiable recession strikes.
RE:US prevents recession otherwise
by VENKATARAMAN RAMACHANDRAN on Feb 10, 2008 11:43 AM Permalink
This time, it will be only between India and Pakistan, with China supporting Pakistan and US supporting India. This will have multiple effects - Growth of India can be curtailed, and US can test their new inventions, can increase their sales of to various countries in the region, keep China happy that a brake has been applied in their Competitor Country, etc. etc. Read today Mosharref statement - he cannot let down Kashmiris - what does it mean. To protect them, he will take action. In every institution in India, ISI had kept their representatives and it is very easy to hit India for him now.
we should not bother about USA. A country who made Terrorist like LADEN and when time comes killed them.LADEn did good to USA. We still beleive LADEN is alive and again attack usa.
RE:NOT BOTHER
by Infidel Blogger on Feb 10, 2008 10:28 AM Permalink
Osama is highest paid actor of CIA. He is enjoying the show and sipping wine in carribean.
RE:NOT BOTHER
by indian animator on Feb 10, 2008 08:32 AM Permalink
Who the hell are you to use the word 'we' for your monster wishes? .... Just limit to yourself and say 'I'....
This is primerly due to the Iraq war slapped on the americans citizens with a view to get compensated by other world economies (U.K. India, China,Japan, Germany names of few). By draining Iraqi oil. and export the same Iraqi oil to energy hungry countries. This idea boomranged and after passing 2-3 years burning hands on Iraq american economy going into back gear. being worlds biggest economy hitting other countries.
RE:recession in us.
by Pravin on Feb 09, 2008 07:26 PM Permalink
I did not think it boomeranged but what it clearly did was to procrastinate the recession which the US and its currency was staring straight into. Had Saddam had it way and started oil trade only in Euro or some other currency........
