Capitalism has provided a higher standard of living for more people than any economic system on earth. The "regulation" that we are missing, is largely the "self-regulation"
of moral standards.
This is an age when people say "it's OK to cheat, everyone does it", "there's no 'right'
or 'wrong'...it depends on the situation" "A person's morality has no effect on his ability to govern","it's not MY fault...if he/she/it hadn't___, I wouldn't have ____"
This represents a major change in America. A man's word may or may not be believed, a promise may or may not be kept, accounting may or may not be correct. Capitalism cannot survive in such a society.
---Donna66 on 2/13/09|
This depression, difficult tho it is, doesn't hold a candle to the one of the 30's.
(Nor do I believe it is likely to) I know of no country on earth that would consider a 7% jobless rate anything near catastropic. (Apparently, 93% of the population is employed) Maximun unemployment during the Great depression was about 25%!
Neither greed nor dergulation brought us to this point. The social engineers in Congress decided that every American should have to right to own a home, whether or not they could afford one.(What made renting unacceptible?) They forced banks to make mortgages everyone knew would never be paid off. Thus it was not "deregulation", but "over-regulation" by government that began the banking collapse.
---Donna66 on 2/11/09|
I totally agree with you johnny B. what people sow is what they reap. when there is unregulated markets, no financial accountability in the name of FREE enterprise, plus human nature which is greed, the result is economic collapse
---mike on 2/11/09|
The recession is just more evidence of the evils of unregulated capitalism. The mortgage brokers who got commissions lending billions of other people's money are very happy though!
---JohnnyB on 2/7/09|
what money?you mean extra money?wow, again I say what money?
---tom2 on 2/7/09|
if we can take a lesson from history the great depression of 1929 andd its ending ,may be similiar to the one we have.meaning a world war.yes there are gigantic differences,there were no banking laws in those days that guaranteed your depositsand world trade was on a much smaller scale.but we are being primed for the end.
---tom2 on 2/5/09|
to bill bila 5659
I do not see that with benny hinn, copeland, joyce meyer & other televangelist / pastors who want to get rich using christianity. they have multi milllion $$$ homes & luxury cars.
is that what you call contentment? NO! it's called greed, love of money, & using the gospel for profit. AND THAT IS BIBLICAL!
---mike on 1/28/09|
In the United States, for some time ones of us have been able to make enough money to have houses and vehicles and do various things we would like. But I have understood that Jesus warns us that this could stop, at any time and we must not set our hearts on having prosperity. "be content with such things as you have" (in Hebrews 13:5) I have practiced having little or nothing, in preparation for if and whenever things could change, when I might have nothing and people could be starving all around me. This country can drop dead of a heart attack, just like one person can, at any time. But God has simply seen fit to keep America going, as much as He has.
---Bill_bila5659 on 1/20/09|
what you must understand is to have prophecy fullfilled there must be world politics,world economy,world issues for the anti christ to come into power.the world is and has been setup for this fall.personally I would worry much more about the GREAT WHITE THRONE JUDGEMENT.
---tom2 on 1/19/09|
I'll continue to lean & depend on Jesus to meet my needs Alan. He hasn't once failed to do so. How about you?
---Leon on 1/18/09|
I don't know when but I am faithing it and believing the Word of God,I've never seen the righteous forsaken or their children out begging for bread. The Recession is man made but I'm in this world but not of it. I'm a supernational being born of God Almighty,a child of the KIng,and as God's child I've the right to believe my Father will allow no greater burden upon His children than they can bear. Yes the Recession changed my use of money and wisdom dictates I become more frugal now than before. Business has already picked up some and I believe keeping a positive attitude is very important. The worse thing for the economy is to poor mouth and stop spending entirely. Oh,our small investments actully made money when others are losing,Praise God !!
---Darlene_1 on 1/18/09|
The train of eschatology is really speeding up. I have not changed my attitude about spending money basically because I'm pretty frugal. Great recession of 2009 is a misnomer it will be much much deeper, much more painful than any recession before. I expect the following scenario to play out. First a surge of false recovery and after the Obama madness plays out there will be a general easing back until the economy grinds to a halt, At which time government assistance on an unheard of scale will have to take over. Then will the stage be set for a one-man One-World Government. Yes we are that close.
---mima on 1/18/09|
Hey, no worries. Obama said that he will be creating 2 million... no wait, 3 million... hold on, now it's up to 4 million jobs. Well, actually he might not create any new jobs because he said his plan could simply save 4 million jobs so if you need a job you might not actually get one, but if you have a job and you don't lose it then you can thank the new president because he more then likely saved it for you.
---ralph7477 on 1/15/09|
What's so "great" about this recession, other than the fact that economists are finally admitting it is real.
Steph, you might consider going to the Labor Board on the matter of your vacation pay. If you had already earned it the company is in the wrong withholding it from you. As you said, keep your eyes on the Lord always, as He will not fail you or any of us.
---tommy3007 on 1/15/09|
While I did get laid off from my job, I get unemployment and child support. I am also still seeing my ex husband who's job is still going strong. So--so far it has not affected me. Now--if we split up--of course I will be in a world of hurt. I have been getting calls about jobs from the same agency I was working through before I got laid off--but do to an impending surgery, I did not take any of them, but it seems there are a few jobs out there--since they called me. I feel for people who are struggling. I fear one day it could be me, but like the last post said--I will keep my eyes on the Lord no matter what and keep faith that we will survive!
---cindy on 1/15/09|
I thought that my job was safe... I was let go last week... lack of work because of our economy. Then I was denied the last week of vacation pay that I had earned! 600 bucks out the window... Just dont know what I am gonna do .. well I do know that I will keep my eyes on the Lord and keep Praying!!
---Steph on 1/15/09|
I haven't cut back on anything because my job is safe for now, but if something happens to my job, you betcha I will cut back on food, and cancel my phone, and cancel my cable television and just get basic service.
I just had to buy 4 tires that cost $640 and my toilet broke a week later and that cost $232 to fix.
I don't know how people are going to make it if they lose their jobs and have to collect unemployment. I don't have a savings, but I do have a nice 401K that I could cash in but the government would get a big chuck in taxes and penalties, so I'm not willing to cash that in just yet.
I pray for people who are having hard times. I know what it's like to be in both hard and prosperous times. I am praying for people.
---donna8365 on 1/15/09|