the great recession

[BiGWiLL]

Despite the bad economy that we are in. Would it still be a good time to start a business. I mean service businesses do good during a recession. Like cleaning or recycling. But do businesses that involve selling a product to good. Like sellin on ebay or making a something and selling it. Or do they flop during a recession, because no one is spending as much.

[pboychuk]

If you selling, sell something that is a commodity/necessity. Why? because people will still need to buy certain things, if you can offer a lower price they will buy it from you, especially when money is tight.

[allysa]

yes of course, as long as there is a demand in the market, there's still a business..

[rogercbryan]

A well run business will thrive during any economic slow down. What is the "Great Recession"? The economy is not that bad... and I've never heard anyone call this the "Great Recession" we are currently in a normal economic cycle... not anywhere near a "Great Recession"....

[BiGWiLL]

Idk dude. I couldnt come up with a title name so I went with the great recession lol. I agree its not quite the great recession. But try telling that to the media. They think its the end of the world.

[rogercbryan]

Lets call it "The Media's Over Exaggerated Recession"

[BiGWiLL]

lol that sounds better. I cant even watch CNN anymore because they freak so much. You can see the relief in the media. When the oil prices go down for a couple of days. They can breath better. I give up I used to be a news junkie lol.

[Doodyps]

any high end items and services are recession proof

[StealYourDreams]

any high end items and services are recession proof

Wow, I guess I do learn something new everyday! You should get in touch with the RV industry and explain this hypothesis of yours.

[BiGWiLL]

Yeah lol. People got the money to buy an RV right now lol.

[byzantium]

lol that sounds better. I cant even watch CNN anymore because they freak so much. You can see the relief in the media. When the oil prices go down for a couple of days. They can breath better. I give up I used to be a news junkie lol.

Journalism is a dying profession. It's like a blacksmith in 1915 claiming that the world is ending because of the Model T. Well, maybe for HIM it is, because the Model T just made his job obsolete. Well, the blogosphere is like a Model T, and the professional journalists are very very well paid-maybe even overpaid-blacksmiths and buggy makers. One thing they're not is stupid, they can see the writing on the wall. They know that the days of the $20 million a year news anchor are vanishing forever.

They don't want to retrain, so they're desperately trying to prove that they're still worthy. It's similar to the wealthy buggy maker sponsoring the mayoral candidate who promises to outlaw cars. If they can convince people that the world is ending because of all the newfangled Tin Lizzies running around, they stand a better chance of saving their jobs. Ultimately, it's shortsighted, since the world will spin on whether the mayor outlaws Model T's or not.

They're trying to win by fear, which is all that anybody seems to offer in the US anymore, the world will end if we don't get our way BOO! In an earlier day, people were smart enough not to be swayed by raw fear. People today are not. All we hear is fear and more fear on the theory that saying it enough times makes it true. The fear is really on the part of those being left behind by progress, which is why the media is suddenly trying to convince us that Luddism is all the rage.

[flnazrael]

Don't write it all off as sensationalism.

The country is in serious trouble, and it's not just about gas prices.

Tomorrow the Senate is likely to authorize $800b to bail out Fannie & Freddie. Nevermind Bear Stearns. 150 banks are expected to fail next year. Hyperinflation is coming - maybe sooner than we think.

Oil prices are dangerously close to a massive surge if (more likely "when") we go to war with Iran.

The GOP presidential candidate wants to continue to keep dumping hundreds of billions into the Middle East, while the Democratic candidate wants to finish this country's descent into welfarism and socialism by taxing workers and business owners into oblivion.

Stores are closing. Discretionary spending is going way down for most Americans. Obviously, this is not good for business.

There are a lot of factors brewing...what some economists are calling a perfect storm. The US has just been borrowing and borrowing and printing money, and one day it's going to bite everyone in the ass.

Bailouts and borrowing only prolong the inevitable for so long.


With that said, of course I believe there is still opportunity. A friend of mine is a prime example. He sunk tens of thousands into the stock market recently, and got absolutely pummeled. Even lost money on stocks that had shown years of steady growth. So he re-diverted everything into a business idea, buying scrap gold. In this kind of economy, he's doing well with that.

I guess it's just a matter of adapting...but truly, this economy does suck, and the country is headed down a very dark path in general.

[BiGWiLL]

We are about due for another Franklin Roosevelt.

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[tazman9r]

We are about due for another Franklin Roosevelt.

I hope not, the last one made policy changes that are still in effect and are not very effective.

FDR's changes were made on the belief and opinion that capitalism was a failing ideal. FDR was elected 4 times to office. Happy Times Are Here Again was his campaigns theme song, but it was hardly reality. The economy did not see the end of the Great Depression as a result of his policies. The economy maintained a relatively static level. When he first took office, unemployment was 25%, at his re-election it was 20%, hardly miraculous recovery. FDR's policies are not what got the U.S. out of the Great Depression, WWII and the world that was defined after WWII did.

JFK gave tax relief to a country that was seeing tax rates as high as 90%, Reagan did the same after the 70's saw 70% and this country had a misery index. Clinton's tax decisions were made in order to keep the status quo, and CNN gave him credit for creating the most economically successful administration ever. I remember, my wife and I each had two of Clinton's jobs just to make ends meet. They were the jobs created by businesses that were expanding in the wake of the tax policies of the eighties. When Bush took office, these same jobs were no longer good jobs, they were all underpaying jobs. How quickly we redefine history for political expedience.

I have no doubt that the Bush tax cuts prolonged the inevitable effect of selling off debt and over extending this countries credit line. Presidents have been doing this for a long time. Clinton sold off enough debt to put America back in the black. You don't think Clinton actually paid those debts off, do you? We don't pay off debts in this country, we sell assets and information to other countries so they will pay our debt for us. Clinton sold MIRV (Multiple Independent Release Vehicle, the same technology that works for deploying satellites and nuclear warheads) technology to the Chinese, and magically we were out of debt in this country. Ok, it was a little more involved than that, but my point is that this is nothing new.

By the way, did you know that we spend like 3 or 4 times as much on education in this country as on the war, every year? T. Boon Pickens illustrates that we spend 4 times as much on foreign oil as we do the war every year. Just to put things into financial perspective.

There will always be room for business in this country because we are a country of consumers. We need to become a country of builder, innovators, creators, manufacturers, and makers again. We need to tighten our belts and be willing to make better money decisions, instead of insisting on getting that brand new Lexus as a first car because we think it's really cute and, heck, our credit can handle it, and "Daddy" will bail me out if I lose my really fun mall job at Forever 21. We need to be honest about the things we can afford and the things we can't, both as individuals and as a country. We need to let struggle those institutions that made bad choices in lending, and oust the kinds of politicians who mandated those loans be made. We need to allow for the termination or suspension of certain government aid programs because we just can't afford them, and China won't buy the debt associated with it forever.

This is not a bad economy, but these are tougher times. Not nearly as tough as those during the Great Depression, so get over the idea that you have it bad. I am shamed by a country that whines ands whimpers at the first sign that the media declared party that raged in the nineties is over and we have to go back to work. But work we must.

This country went to the moon because we decided to go. This country helped end WWI and WWII because we decided to go. Now the country that roles up it's sleeves and and drives on in the face of adversity is going to go have a pity party for itself because we have to go to work and nobody seems to like us?

I got one thing to say to both the U.S. government and the American people who are to busy whining they can't get anything done.

GET OVER YOURSELF!!!!!!!