Br’er Rabbit posted:If credit card interest rates was your only take from my post, you will never see the true issues. Period. Why go back to the same point and live another recession? Why repeat the same history over and over and over. Doing the exact same thing and expecting different results has a name, insanity.
You really stretched to include “Credit card Interest Rates”- your leading statement & dribble above, not mine. Your insinuation of me living in Insanity? The past recession in 1980 was only a reflection about the harshness that recessions have on businesses, individuals & family income & debt. (Credit Card rates are minor & still considered low for folks who have paid their card off monthly and with have decent financial credit score.) Cards are nothing compared to Mortgages, Auto, Subprime Loans, Student Loans. How you prepare yourself is up to you, common sense says you need a job first not credit cards. No Job but have credit cards is like taking Methadone to get off Heroin/Meth, kicking the can, kick the can, kick the can, Oops.. “Because it makes you feel GOOD Today”. Right or Wrong. Recessions are going to reoccur as long as we have Economic Business Cycles. For your information, No Two Recessions are Exactly Alike…It’s a bit more detailed than you paint your own personal viewpoint. I personally enjoy getting in on low economic periods which I understand, can’t go lower or get any worse, then ride the tide, only to head higher, reaching a peak GDP, Lower Employment, as well as companies reporting profits, business providing promotions/raises, families paying off debts, & Increasing personal Savings. Eventually, Rising tides rights all ships.(Unless too much Debt to overcome)
Sometimes, you speak of pointless garble, but to entertain you. We have had 33 recessions in the US economy and Is Part of our Business Cycles. 9 since World War II and another is around the corner in a few years. Some are more painful than others. Nothing Is Ever the Same! You would be an idiot to think All Recessions are “Exactly the Same” as you stated. You’ll figure it out one day… The way Trump has us heading is better than the way Obama or Hillary ( 1.0 GDP) would have our Economy Progressing. Thank Goodness Your Girl Hillary didn’t Win. We would all be in the Soup Lines….with the Exception of the Ruling Democrat Elitist want-a-bees. Remember the Fix was in for Hillary…Ask Bernie!!