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Member Since: 3/2008Last Seen: 12/31/2008

Do you think we are in a recession?

Read ArticleArticle Source: msnbc.com
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A live vote on msnbc.com of more than 60,000 people so far found that 84 percent of surveyed readers believe that the United States is in a recession. What do you think? Is your impression of the economy affecting your shopping habits? Responses may be used in a subsequent story on msnbc.com.

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{"commentId":2359340,"authorDomain":"lmwmassinc"}

As a small business owner, I feel the drop in the economy many ways. The people who work for me are hurting. Unfortunately, most of them have never saved for a "rainy day". All are smokers, all are drinkers, all have multiple out-of-wedlock children. They are good people, but have never been taught simple economics. To keep them employed, my husband brings home less than $100 per week and I bring home even less even though we are working many more hours per week. We are able to do this because we have always been frugal and can live for a while on our savings. I feel it is unfair to crucify all CEO's. The ones making millions are being paid by a board of directors, do you really expect them to turn the money down? The final blame for crazy compensation is with boards and shareholders who put up with this nonsense. This kind of pay for company leadership when the company is loosing money makes no sense. Our company has had one year with losses since it beginning (1979). The only reason why is because we do our job and manage. That means cutting jobs when necessary and cutting executive pay when necessary and cutting benefits. We do not like it, but it has to happen for any jobs to survive.

{"commentId":2359340,"threadId":"323541","contentId":"1710507","authorDomain":"lmwmassinc"}
    Reply#51 - Mon Aug 4, 2008 8:11 AM EDT
    {"commentId":2408929,"authorDomain":"bigpaparocks"}

    I am making more money than ever in my life. When you allow yourself to depend on the success or failure of an employer, you deserve what you get. Don't blame someone else for your short comings. There is always opportunity, if you have the guts and drive to seek and deliver for yourself. No, I am not connected to some pie in the sky marketing scheme. I have found, independently, companies which are cutting edge technologies and need people with drive and ambition to help them succeed. It never ceases to amaze me that professional salesmanship is not considered to be a career by the education system. Sales is one of the very few fields that allow you switch industries when there is an economic turn down. Wherever there is a valley, there is another road leading up a hill that will let you climb back up. Learn to sell, protect yourself from other people's failures.

    {"commentId":2408929,"threadId":"323541","contentId":"1710507","authorDomain":"bigpaparocks"}
      Reply#52 - Sat Aug 9, 2008 8:46 AM EDT
      {"commentId":2428666,"authorDomain":"alexandereverhart"}

      I absolutely agree with you in that I find it incredibly ludicrous that the US education system does not consider sales a viable career. There really is not any other career where you do not have to have a degree in order to be in the top 10% or even better as far as wage earners (frankly since you don't have to have a degree I'm sure that is one of the reasons). However you still have a job and are working to make someone else rich.

      Myself, I was in sales and absolutely loved it ... until I found Forex (Foreign Currency markets) a little over 4 years ago. Now I no longer am working to make someone else rich, not that is necessarily a bad thing, it's just that I would much rather focus on making myself rich. It has been a learning process, and I still learn new things almost every day to fine tune my trading. I find it very interesting that the retirement system for baby boomers and younger is dependent upon investing (IRAs, 401K's etc) due the the ERISA ACT, yet very few people have any clue about investing.

      I recommend people take a few good courses on investing/trading, and especially get training in the Forex markets. Take control of your future. The reason why the Forex markets are so good is because of liquidity (over 3.5 Trillion Dollars traded every day which is larger than the average volume of all the stock markets in the World combined), quickness of execution (you can usually get in or out of a trade in a split second), and the impossibility of any manipulation even from a government or central bank. Don't rely on others to invest for you because they are not out for your best interest, but their own. The top three Brokerage companies are a testament to that because they are having to buy back billions of dollars in bogus CDO's which were pawned off as being investments.

      {"commentId":2428666,"threadId":"323541","contentId":"1710507","authorDomain":"alexandereverhart"}
        #52.1 - Mon Aug 11, 2008 9:22 PM EDT
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        {"commentId":2453105,"authorDomain":"chrisandbrenda"}

        This is a RECESSION people! Anyone that doesn't get it must be wealthy or be in denial. I have been unemployed for 9 months. The last time I was unemployed this long was in 1989 when the economy was in the tank. I used to make a very good wage, now companies won't even look at me, I'm over 50, and they are offering $11 - $15 per hour. I can't afford to go anywhere with the gas prices, even the recently lower prices. Food purchases are what ever the best deal is that week. NO FRILLS and no clothes, no eating out unless it's the $1 double cheeseburger off the menu at Burger King or McDonald's and you bring your own beverage from home.

        {"commentId":2453105,"threadId":"323541","contentId":"1710507","authorDomain":"chrisandbrenda"}
          Reply#53 - Thu Aug 14, 2008 11:42 AM EDT
          {"commentId":3984980,"authorDomain":"ylacross"}

          The recession started two years ago when the Democrats took over the majority REMEMBER??????

          {"commentId":3984980,"threadId":"323541","contentId":"1710507","authorDomain":"ylacross"}
            Reply#54 - Sat Nov 8, 2008 9:45 PM EST
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