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108 Comments
- inactive, on 07/08/2008, -4/+24WHATS IN THE BOXXXXX. WHATS IN THE BOXXXX
- timbro1, on 07/08/2008, -2/+20everything in moderation people
- sodade, on 07/09/2008, -6/+24Pride is the real killer of America. We have a generation of people so drunk on the just pride from saving the world that they let the MIC rape us for the last 60 years.
- bamafun, on 07/08/2008, -3/+19great post - I think we have much greater overall concerns then just the current state of the economy.
- Badandy127, on 07/09/2008, -5/+16Sensationalistic report? Check.
We're in a recession, not a depression. Things would be a lot worse if we were headed for a depression. - Stormwern, on 07/09/2008, -0/+10The deadly sins are not in the bible, the expression originates from the fourth century according to wikipedia.
- mal1964, on 07/09/2008, -1/+10 * Lucifer: pride
* Mammon: greed
* Asmodeus: lust
* Leviathan: envy
* Beelzebub: gluttony
* Satan/Amon: wrath
* Belphegor: sloth
http://en.wikipedia.org/wiki/Classification_of_dem ...
This wiki on the 7 sins is a very good read
http://en.wikipedia.org/wiki/Seven_deadly_sins - billbugger, on 07/09/2008, -1/+9"A great civilization is not conquered from without until it has destroyed itself within. The essential causes of Rome's decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars."
- Will Durant
http://onthelefttip.blogspot.com/2006/07/quote-tha ...
Sound familiar? - CoreyHalliwell, on 07/09/2008, -2/+10Logic. Treat yourself and your people like *****. End up like *****. I have a strong feeling it will take crisis to wake up all North Americans and other developed countries into realizing we cant all be rich and fat despite what wal-mart says.
- chris8535, on 07/09/2008, -2/+10that contribution was the nuclear bomb, which of course fundamentally changed the economy and military strategies of all world powers, and propelled the United States into becoming the strongest economy and military power in the world by many times over.
Not saying it'll last forever... just saying revisionist history needs a little reality sometimes. - EarlOfLade, on 07/09/2008, -3/+10@SLAM22:
Interpret it correctly? LOLLERCOPTER!
Ask any of the approx 30000 chrtistian cults which is the correct one and you will get 30000 different answers.
Why is interpretation needed if it is the word of god? Doesn't make any sense at all. It does make sense if you agree that it is nothing but a collection of 2000+ year old goat herder and camel driver scifi books. - Arkaris01, on 07/09/2008, -2/+8A recession is when your neighbor loses his job. A depression is when you lose your job.
62,000 people were laid off last month... we're in a recession in my book. - Badandy127, on 07/09/2008, -0/+6Not officially. But when the numbers come out, all indications are that we will be in one, even if it is mild.
- Stormwern, on 07/09/2008, -0/+6Not really, the poor would starve but the rich always make do.
- chron, on 07/09/2008, -2/+8The author's summary above talks about “undeniable facts and historical trends,” yet most of what he says is unsupported opinion.
I happen to agree with much of his opinion, but he shouldn’t cast his viewpoint as undeniable and historical.
Examples:
“Over 1 million students drop out of high school each year.”
What percentage because of sloth? Aren’t at least some quitting school because of other life circumstances and/or hardships that make it impossible to continue?
“We’ve medicated over 2.5 Million children for ADHD.”
Because we’re lazy? Perhaps true for a percentage. The statistic itself may an undeniable fact, but the author strongly implies that this proves his opinion that we, as a nation are slothful.
It doesn’t.
Again, I agree with much of what he says. But he does a poor job of supporting his opinion. - bubba9999, on 07/09/2008, -0/+6We brought beer and chocolate bars.
- inactive, on 07/09/2008, -0/+6MAD MAX HERE WE COME
- bubba9999, on 07/09/2008, -0/+6I'd argue that the high school numbers are due to glorified ignorance. I imagine a sizable chunk can be attributed to sloth.
I could see 1-2% dropping out due to other factors, but the fact seems to be that we're steam rolling towards making Idiocracy a reality. - inactive, on 07/09/2008, -1/+6Greed on both sides (shady lenders AND greedy buyers) is what caused the sub-prime debacle (along with horrible US monetary policy).
BUT, I say more blame lies with the buyers. If we weren't a bunch of vapid, greedy, "GOTTA KEEP UP WITH THE JONESES" idiots, living FAR beyond our means, the greedy, criminal lenders wouldn't have had anyone to lend to.
If you can't see that, you've completely drank the kool-aid. - thepxc, on 07/09/2008, -2/+7Especially religion.
- kveratis, on 07/09/2008, -3/+8Good point. Another good question is if God is so great and powerful, why did he make William Shakespeare a significantly better writer than the people who wrote the Bible? I know toddlers who are better at communicating their ideas then the crap you find in the Bible, not to mention that the toddlers aren't nearly so vengeful.
- sholt, on 07/09/2008, -0/+5Well, the first may be absurd, but the second... the second would just be a damn lie.
- divrekku, on 07/09/2008, -0/+4sounds good to me... does your house have an AC that you can't afford either? can I come hang out?
- Coffeedemon, on 07/09/2008, -0/+4It might concentrate it but I doubt it would get rid if it.
- Sornos, on 07/09/2008, -1/+5So you're blaming the cruise ships for their costumers lack of control? That's like blaming McDonald's making their food "too dern tasty".
- logosx1, on 07/09/2008, -0/+4Actually, people are far easier to control when they're addicted to vices like these. Self-control is the enemy of external (i.e., political) control.
- inspecality, on 07/09/2008, -1/+5"Besides our troops and their families, over 300 million Americans have never been asked to make a single sacrifice, despite being at war for the last 5 years."
Let's sacrifice our lives to line the pockets of politicians! Yay! - bromac, on 07/09/2008, -1/+5The Nuclear Bomb didn't save the world. Yes, it changed it, but Japan was already losing at the point of its use, and wasn't much of a threat to world security.
Again, the only thing I have an issue with is the "Saving the World" *****. Now, drunk on pride from being behind the biggest arsenal in the world, that's closer to the truth. - rearlgrant, on 07/09/2008, -0/+3"-- but not without a well versed knowledge in the meaning of the text and words used at the time"
As well as a good knowledge of Ancient Hebrew and Greek; it's helpful to know Aramaic, Coptic, and Assyrian for the contextual documents and letters also. I haven't found my Latin very useful until ~300AD. The accounts from the council of Nicaea are a great read -- I've often thought that event would make a great mini-series.
Or there are those Christians, like the Southern Baptist relatives I have, that say Orthodox Christians aren't Christian (without whom there would be no Bible...), and that God spoke English to the biblical scribes....
BTW -- Gospel is an English word created around the 11th century. εὐαγγέλιον does not mean "good news." - phorden, on 07/08/2008, -4/+7Wow this kinda makes me want to go buy a big house that I can't afford then sit around and eat all day and think about how amazing I am. Then to top it off I'm going to decide that isn't enough and buy even more expensive things that I can't afford. :)
- Scheissen, on 07/09/2008, -2/+5Buried for lack of any real economics.
- regeya, on 07/09/2008, -2/+5Great...our expert on the economy is the "CEO" of a professional-priented social networking site.
What's next, military strategy by Kevin Rose?
Also, he's got the effect of rising interest rates ass-backwards.
And yeah...we've not been asked to sacrifice. We have, however, been told that Constitutional rights were being taken away for our own good, and like good little sheep, we kept our mouths shut, either out of nationalism masquerading as patriotism, or because we remembered that you're either with "us" (Bush and his cronies) or you're with "the terrorists" (who spend their time in Cuba.) The free press isn't free anymore. Sure, things are fine if you don't make waves. You shouldn't have to worry about not making waves, though.
No, we've not sacrificed anything at all, other than everything that made America great. - bromac, on 07/09/2008, -5/+8Pride for saving the world?
Oh please. If you're talking about WWII, just because you guys came late to the party doesn't mean you were the life of it. I'm sure that the 10 million dead Russian soliders would have something to say to that.
Of course you made a contribution, but this goes to show that most Americans will take any gold star they get and turn it into the biggest ego trip possible. - inactive, on 07/10/2008, -0/+3Fail.
The Bible is a collection of writings that were POPULAR at the time. There were many many many which did not make it into the collection known as the Bible.
The Bible was put together by old men who needed to exert influence over their people. That factored into the choices of which books to include.
And how stupid is it to say it doesn't matter if you believe the Bible is the truth or not?
It does matter WHAT you believe, truth is truth. You got it backwards.
And what's with you psuedo religious jackasses pretending like no one else knows the Bible? Guess what? We ALL grew up with it. To pretend that we aren't blind followers because we just don't know much about is delusional, and it's you who is fooling yourself.
We understand it, it's just that so much of it is pure *****, and the rest is used by the right wing to slam on gays. - The_Red_Monkey, on 07/09/2008, -0/+3Its blame lays on the feet of the buyer. The buyer is the one taking the real financial risk and if you overbought on a crap ARM loan and you are losing your home now then its your fault. The bank was nice enough to take a risk so you could buy a house but you failed to do research and protect yourself.
It is not for anyone to protect you other than yourself. The government is not here to provide anything but a secure border and general infrastructure. The should not do handouts and bailouts so that you can buy a bigger house and a bigger TV. - Mr.Gone, on 07/09/2008, -5/+87 deadly whats?
- FriGuy, on 07/09/2008, -1/+4no sacrifice my ass. it's a little thing called taxes. and they are a bitch.
- ILoveBoobies, on 07/09/2008, -0/+3I agree with you, blame on both sides. Buyers that should have known better along with mortgage lenders that would set a side business ethics in order to pay for their Hummer and beach house.
- AgainstObama, on 07/10/2008, -0/+3A recession is two quarters of negative growth, we haven't had one. Unemployment has always been around, of course it's not a great thing, but it doesn't equal a recession.
- recruz, on 07/09/2008, -0/+3buried for use of wrong thumbnail- should have used lust
- StillAnonymous, on 07/10/2008, -0/+2Spending more, being greedy, and being envious will make the economy grow? You haven't learned anything from what's going on, have you?
This rampant, drunken, spending spree is what has caused this problem. It's like coking yourself up to feel better, and then feeling like ***** when it wears off. Your solution to this problem would be to coke up all the time. Well, until you wind up dead, but who gives a ***** about what the future holds, right? Live for the here and now, responsibility be damned. - executorzz, on 07/09/2008, -1/+3The reasoning behind envy is flawed.
"The average per household debt in the U.S., not counting mortgage debt, is about $14,500 (before the 1930s, most middle and working class people had no major debts)".
I don't think the average household had many college graduates in the 1930s. I have combined $30,000 in debt for college and grad school. Considering a household may contain more than one working person and has only $14500 in debt is actually not that bad. - Stochio, on 07/10/2008, -0/+2"The meteoric growth of the United States stock market in the 1920’s and its ensuing crash was the catalyst for the Great Depression."
No, it was not the catalyst for....it is synonymous with the depression. There is nothing being said in this sentence.
"One of the primary drivers was the absolute lack of any common sense regulations."
Source, please? Friedman says the primary reason was Fed inaction. The Austrian School says the primary reason was the threat of Smoot-Hawley. The causes of the Great Depression are widely disputed.
"Fast forward 80 years, and we have a housing market on the verge of collapse, because every yuppie family in the US wanted a house just a big as their neighbors, even if they didn’t have the income to justify it."
And if I ask the author if he is in favor of a deduction for interest expense on a home, he will undoubtedly agree. This is indeed a form of misdirection from market equilibrium. It is not a matter of people "wanting" anything. It is a matter of poor regulation. It is a matter of the Community Reinvestment Act which encourages bad loans. It is a matter of the Bear Stearns bailout which encourages still more malinvestment in the very near future. It is a matter of artifically low interest rates from the Fed. Shall I continue? - helleborus, on 07/09/2008, -1/+3No one currently paying taxes is actually paying for this war. That will be for your kids and grandkids, should you find someone willing to mate with you.
- rearlgrant, on 07/09/2008, -0/+2- "toddlers aren't nearly so vengeful"
LOL
You were lucky to have good children. My parents cursed me with having children who behaved as I did... - Crimsoneer, on 07/09/2008, -1/+3It's nice to know that you know so much about psychiatry that you can single handedly debunk the most well researched neurobehavioural disorder of the last twenty or so years. ADHD is very probably overdiagnosed, but calling it "fake" is an inane statement.
Also, attributing all high school failures to lazyness is just wrong. - tkstock, on 07/10/2008, -0/+2It's always been said that you'll never know you're in a recession until after it's over. Indications are that we'll have at least one quarter of negative growth and a second is possible, but they usually can't figure that out until afterwards.
We could be in one, but we won't know it for some time... - Cybermaul, on 07/09/2008, -0/+2Easier said than done, there, friend.
- Y0tsuya, on 07/10/2008, -0/+2No, you fail. The low interest rate environment is what caused the dollar to weaken and prices to increase. He got it backwards. Both of you go back to school.
- nmc9, on 07/08/2008, -5/+7Oh man, that slideshow under Greed was awesome.
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