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269 Comments
- lpxxfaintxx2, on 04/30/2008, -10/+42Open your eyes, Americans. This is just unfair, especially for young adults and teens. Why must we pay for stupid things the generation before us have done?
- BassMastr, on 04/30/2008, -1/+27That's why the rest of the world has much better public transportation systems than we do here in the US. They have been paying these prices for years...
- suntzusputnik, on 04/30/2008, -0/+25i gotta stay away from digg for a while, its morbidly depressing in here
- chocobomog, on 04/30/2008, -2/+195 year low? Oh no, I barely survived at great depression of 2003. I don't think I could go through that horrible economic turmoil again...
- EA2323, on 04/30/2008, -6/+22It's hard to say how bad things are going to get, but I certainly don't feel comfortable when I'm paying $4 a gallon for gas. My last fill up cost almost $80!
- nukethewhales, on 04/30/2008, -1/+17I'm losing confidence in society. I was watching Idiocracy the other night and I fear for my kids. Because I think its coming true.
- StingingNettle, on 04/30/2008, -8/+23So you have to cut back. OK you have to cut back a lot. But does that really mean you will be less happy? Maybe a more simple life will be good for the soul.
- relic180, on 04/30/2008, -0/+14It's a little stupid to expect a teenager to outline their contribution to society, then berate them for how little is there. EVERY generation (including yours) wants to be handed a great economy, thriving country, etc etc.. and none of them are really in any position to do anything about it until later in life. That's just a fact, and you can't tear one person down for not be able to counter that fact of life.
The rest of your post assumes that an entire generation of youth are wastes of life, rotting behind digital displays. While it's also very stupid, and immature of Ipxxfaintxx2 to assume that the generation before him (that would be me and you, moto) caused all the problems and it's "not fair", you can't simply assume an entire generation sits around bitching and moaning. Every generation has had its fair share of crybabies. - Dumbledorito, on 04/30/2008, -1/+15The U.S. has the additional disadvantage of being more spread out, but yeah, there's really a big void in public transport in most major cities.
- sgiffy, on 04/30/2008, -9/+23When you continually predict the inevitable next phase of the business cycle your going to be right at some point. Kind of like predicting the whole summer that eventually temperatures will come down.
- PeppermintPig, on 04/30/2008, -5/+19Unchecked overgrowth of government and a Federal Reserve enabling corruption in the financial sector... I suppose it COULD be worse, but at what point is anybody willing to consider the hardship that does not effect them may soon follow onto themselves. As they say, the difference between a recession and a depression is...
- PeppermintPig, on 04/30/2008, -0/+12Appreciating the difficulties of life is besides the point that certain people are able to benefit greatly from the hardship that they're creating for others here. If the criminals and instigators cannot be deposed, then the same difficulties will be imposed on you by the same people, even as you try to live leaner.
- relic180, on 04/30/2008, -0/+11God damn, you mind as well catch a cab to work every day. At least you'll save on insurance.
- MichaelCo, on 04/30/2008, -1/+11In Australia, we are currently paying around $1.55 per liter which is $5.86 per gallon!! The last time we paid $4 per gallon was probably 2-3 years ago. My 2 cars cost around $200 to fill and many are now feeling that driving a car has become unsustainable for their incomes. I try to drive as little as possible. I put $15 in this morning and it got me around 35 miles which works out to an astounding $1.50+ per mile
- inactive, on 04/30/2008, -23/+33Ron Paul was right!!
unfortunately that doesn't surprise me... he is often right i just wish more people listened - dshPls, on 04/30/2008, -1/+10Shoulda got a smaller car, it's $40 to fill up for me, and I go about 450 miles on a tank.
- analogkid01, on 04/30/2008, -1/+10wtf do you drive?? No sympathy.
- MtheoryX, on 04/30/2008, -0/+9Economic goatse?
- therightside, on 04/30/2008, -2/+11Guess its time to buy stocks.
- MichaelCo, on 04/30/2008, -8/+17$515 Billion (and counting) spent on the War on Iraq. If it continues at this rate, it'll ultimately be disastrous for the US economy and surely the war is having a real negative effect on people even if it is only subconscious at this stage which is naturally contributing further to this low consumer sentiment. At the very least, the war can surely not be argued as producing any positive consumer sentiment. And did I mention $515 Billion and counting?
- Aeaus, on 04/30/2008, -3/+12Haven't you heard, the world is crumbling around us, the only solution is to live under a rock and be ready for the next big depression!
- 11oops, on 04/30/2008, -0/+8Your fuel tax is also 1.44 per gallon, much higher than hours. Ouch... we thought we had it bad.
- diggstown, on 04/30/2008, -4/+12You are trying to bury the argument in purely speculative conjecture. Unemployment is not currently a problem.
Get off of your arrogant roid-rage you douchebag prick. - relic180, on 04/30/2008, -1/+9I got a really badass rock picked out, with a great view.
- robthom, on 04/30/2008, -0/+8Wow. In related news, Americans mildly perturbed by loss of freedoms, government sanctioned murder overseas and 15% of the population receiving 75% of the nations wealth.
Nation then proceeds to contemplate whether to watch reruns of Heroes or Deal or no Deal tonight over frozen lasagne. - chrissku, on 04/30/2008, -0/+75 yr low? My confidence is at an all time low. We need to get our problems at home fixed before we try to fix the problems in the middle east.
- NonLeftistDiggr, on 04/30/2008, -3/+10Yet news released today say GDP actually went up last quarter. Go figure
- MtheoryX, on 04/30/2008, -1/+8I'd really prefer to make the choice for myself to lead a simpler life, rather than be forced into it by a ***** economic situation.
What would be better for the soul? Choosing and realizing that you really don't need things, or being so dirt poor that you can't get those things, even if you wanted to? - diggstown, on 04/30/2008, -7/+14How can you raise the red flag when unemployment is at 5%?
- EA2323, on 04/30/2008, -1/+8Unfortunately it's not just Digg, pretty much everywhere you go you hear about how bad things are, or how bad they are going to get.
- Aeaus, on 04/30/2008, -3/+10Sanity, reason, no fear mongering, only redeeming factor is hate of the MSM. 40% Chance of being buried.
- relic180, on 04/30/2008, -0/+6It's super-dope. Go get it.
- sgiffy, on 04/30/2008, -5/+10lol, one would have same track record constantly predicting economic growth. Though I guess if he ever was elected president, or if anyone in congress took him seriously his predictions of complete catastrophe would come true pretty ***** quickly.
- tdogg241, on 04/30/2008, -0/+5I hope you didn't get an adjustable rate.
- BadseedJR, on 05/01/2008, -0/+5There's something wrong with your jetta if you are only getting 20mpg.
- inactive, on 04/30/2008, -2/+7So, basically... you're admitting that our generation has to clean up your generation's mess.
Nice. - VIrus9, on 04/30/2008, -2/+7Unemployment figures don't take into account the number of Americans working for lower wages than they were just a few short years ago. It's becoming more and more common for people who were previously in the middle class to take sub-poverty wages just to have money to eat.
- swoopdog, on 04/30/2008, -2/+7don't drive
also: waaaaahhh - Matters, on 04/30/2008, -6/+11This is stupid. People just need to live their lives for crying out loud! Part of the reason the economy is struggling right now is because of all this negativity. Sure it's not great right now, but everybody crying about it isn't going to make it any better. I'm not saying don't do anything about it, but bitching to get diggs? Come on... show me ONE thing that has changed for the better because of that. Raise awareness, not dissension.
- sgiffy, on 04/30/2008, -0/+4If not the current people then who? You have a board appointed by the president and shareholders(with little power) representing the industry the Fed is involved with. Congress can intercede whenever they want, but the decision making process is generally not in the hands of politicians. The bank is domestically owned and its actions don't directly profit anyone as the dividend it pays is pretty small.
Most of the critiques I've heard about the Fed are nonsensical conspiracies involving the government paying it interest (its refunded), foreign ownership(nope), or just general misunderstandings of inflation, debt, etc. - NonLeftistDiggr, on 04/30/2008, -1/+5and you idiot, have no proof of your claims.
- sgiffy, on 04/30/2008, -1/+5Not true. Through rate policy, market transactions, and reserve rates the Fed has a good deal of control. Abolishing the Fed destroys those tools and take us back to the fun times of the 18th and 19th centuries. Restricting the Fed would give us the fun times of the first part of this century. There is a reason the last 50 years have been among the most economically stable for any country in history and a good part of that reason is the Fed.
- Qong, on 04/30/2008, -16/+20Good article, though I don't think that we're in that much trouble personally.
- inactive, on 04/30/2008, -2/+6Chance to what? Laugh our asses off at some rambling old idiots retarded cave man style ideas on his pathetic run for president? If you total up his votes from all the primarys, it wouldnt win him governor of most states. The guy is a walking punch line, and you paultards who suck him off like he is the second coming while having no understand of his policies are even better.
- inactive, on 05/01/2008, -0/+4I have two words for you about financial sector corruption:
Bear Stearns - sgiffy, on 04/30/2008, -0/+4None that we have come up with yet. Keeping the control of those tools outside the political process is one of the strengths of the fed. They can do things like prevent Bear Stearns from bringing down the whole economy. Other than a central bank with the ability to engage in the actions that the Fed can in engage in, I'm not sure who you implement a nation wide effective monetary policy.
We can debate the semantics of influence vs control, but the fact is that the actions by the Fed have a direct affect on the economy. Over the past 50 years that affect has been overwhelmingly positive. - sgtpppr, on 04/30/2008, -0/+4It's also very hard for the current young people to do anything when it's all 55+ people in power in this country. Unless you are implying armed rebellion, there is little anyone can do outside of being a career politician to make any real change in this country.
- sgiffy, on 04/30/2008, -0/+4Depends on how the funds being spent there were used. If we borrowed the same amount ans say spent in of infrastructure, eduction, and other job producing things, then possibly lower.
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