im going to go ahead and chime in and post my completely uneducated observation.
Our economies health is basically tied into this war. If you look at it from a completely logical point of view, this war is a massive burden.
BUT!! A war pulled us out of a recession! Surely wars are always good, right?
Wrong... this isn't a war where we're producing massive warships to replenish a fleet. We're not rolling tanks off assembly lines instead of cars to get blown up on the front lines. We're not replacing aircraft from dogfights. This war has done very little for our production but has cost us massively in overhead and maintenance.
No matter what business you're in, low production and high maintenance + overhead = BAD.
I'd like to call the history card here, just think... if only we had an example. Oh wait, history provides that for us. The romans collapsed because of a corrupt government and the increasing financial pressure of maintaining their newly conquered land... i'd also like to point out their military was also a strong point for them - just like its our ONLY strong point now. Our country is NOT that old, we are not invulnerable and we are willingly digging our own grave with these bullshit wars. If we fight a war it damn well better be against someone who can actually blow up our tanks without strapping a bomb to their chest and screaming jihad.
as more and more money leaves our market and disappears into this war the poor will continue to get poorer, and the middle will continue to get pinched. You can blame the housing situation but really... when the middle and lower class can't even afford ot buy a house then who is going to buy them?
China apparently...
The housing situation is an isolated icndient and is NOT the cause of a failing market. The houses are (rightfully) correcting themselves after lenders gave out money to EVERYONE regardless of credit. They were lending to people that couldn't afford to pay for the loan. YES this is an obvious effect.
Houses went up in value as demand skyrocketed with all these "buyers" that shouldn't be buying. Then when reality hit home and the buyers who shouldn't of been buying couldn't pay their bills... lots of people ended upside down in their homes since the value was inflated based on a fake demand and banks ended up in the middle of it (and rightfully so). Nothing abnormal happened there, other than a bunch of stupid mistakes on the lending side and a punch of stupid people buying shit they can't afford. You can't blame the stupid people, though, because thats the American way.
This war, however, as I mentioned... is going to destroy us. That is the real culprit. You can't have trillions of dollars being spent with NOTHING to show for it without repercussions for it. Housing situation will naturally right itself, but will our economy? They are talking about starting a new war, I feel that will be the final nail in the coffin for us. Hopefully im wrong. On the plus side, the new target can probably, at least, blow up some of our tanks so we can make new ones.
Our country cannot afford to fight a war on terror when the terrorists are in our government.
