Irony

[gumOnShoe]

Tuesday, if the debt ceiling isn't raised, the stock market is going to crash and we're going to be sent into another recession. When that happens 401ks are also going to plummet. Last time they lost a large percentage of their value and they've never really recovered.

Then after the 401ks recover, the republicans are going to insist on cutting entitlements like social security and the elderly are going to get completely fucked.

That's called irony. Because Republicans want to cut entitlements, they are going to crash the private savings of individuals and then cut the savings from the government.

This isn't really political. Its economics. Its humor. Its frankly hilarious if you've got any sense of dark humor.

In short, give your soon to retire grandparents a hug cause they ain't getting much else in the future.

[Ragnarokia]

We are already in a recession.

[gumOnShoe]

At 7/29/11 07:08 AM, gumOnShoe wrote: Then after the 401ks recover

yeah, I meant to say crash... lol

[Asandir]

Well, I don't have dark humour. I am highly concerned about the impact that it will have for the world-wide economy.

[BeechSK8R]

It's a giant game of poker and after every round all the "little billionaires" are let out of their posh cages to play chess.

It's not ACTUALLY a problem. The money and work didn't suddenly vanish.

[gumOnShoe]

At 7/29/11 07:10 AM, Ragnarokia wrote: We are already in a recession.

No, we aren't. We left the recession 2 years ago. A recession requires you to post negative growth for two quarters I believe and we've (outside the public sector) been doing the opposite. Sure, we haven't been having a hard core recovery, but things are going up slowly, not down (even housing has turned around for the last 2 months). Its an economic misnomer that the recovery is part of the recession. The recession is the free fall part of the deal. Everything that sucks following isn't considered part of the same entity.

[Ragnarokia]

Ok just ignore how the majority of businesses are still slowly falling, many going bankrupt, countless jobs being made increasingly redundant and the prices of everything still on the rise. If it doesn't fit the wikipedia definition then we must all be perfectly fine.

[gumOnShoe]

At 7/29/11 07:12 AM, BeechSK8R wrote: It's a giant game of poker and after every round all the "little billionaires" are let out of their posh cages to play chess.

It's not ACTUALLY a problem. The money and work didn't suddenly vanish.

And yet more irony, they don't play poker with their money, they play it with ours when we put it in the banks. Its a perfect system.

A: Hey, I'll hold onto your money for you, you can come to me later when you want it back.

B: What are you going to do with it? How will you keep it safe?

A: I'm going to Vegas!

B: That sounds like a horrible plan.

A: It is, for you. But for me it won't matter. And the government has guaranteed your savings, so don't worry about it. Neither of us lose anything.

B: Wait, don't I pay taxes?

A: Shit, gotta catch a plane, bro.

[BeechSK8R]

At 7/29/11 07:18 AM, gumOnShoe wrote:

At 7/29/11 07:12 AM, BeechSK8R wrote: It's a giant game of poker and after every round all the "little billionaires" are let out of their posh cages to play chess.

Jealous understanding

Yes. We organize people into Brackets so the entire game can be understood by the "wardens".

You should maybe read a rational dissection of the economy instead of making shitty assumptions.

[Cubone]

don't worry, i'll throw some of my canadian benjamins over your way

[BumFodder]

At 7/29/11 07:16 AM, Ragnarokia wrote: Ok just ignore how the majority of businesses are still slowly falling, many going bankrupt, countless jobs being made increasingly redundant and the prices of everything still on the rise. If it doesn't fit the wikipedia definition then we must all be perfectly fine.

Thats not recession. Get over it.