Current Events > When do you think the 2008- economic troubles were over in America?

(+) Yeah! (+)

What year did it feel like things were back to normal, e.g. lots of jobs for people, plenty of disposable income, economy in general strong, etc.

You know, in Britain, it didn't to feel normal until about 2014 or 2015, but it was worse in Britain than a lot of Western countries.

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Where I live, nothing's changed
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Rust belt? Some very poor city anyway?
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Rust belt
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It's still not "normal" in Britain. Local councils and public services have their budgets cut (or frozen) year after year.
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What year had things pretty much recovered by in America, then?

Marvin, you sound pretty upset. I had a damned hard time in the recession, but I can say that things are pretty much normal now. It's just personal circumstance, i.e. illness, that had left my unemployed and very poor recently.

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economic troubles were over in America

lots of jobs for people, plenty of disposable income, economy in general strong, etc.

This never happened

Sunhawk posted...

Marvin, you sound pretty upset.

how did he sound upset? and how are you so stupid?

Omnislasher posted...

economic troubles were over in America

lots of jobs for people, plenty of disposable income, economy in general strong, etc.

This never happened

Sunhawk posted...

Marvin, you sound pretty upset.

how did he sound upset? and how are you so stupid?

After all these years, Omnislasher is back to give me a hard time...with low-level, predictable trolling.

I'm pretty sure America full recovered, and a few years ago now. It's not like Britain, when even after the recession, the cost of living crisis made things hard (although they were generally a lot better).

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Sunhawk posted...

I'm pretty sure America full recovered, and a few years ago now.

Yeah we aren't doing any better over here. Sure the upper class is doing great but things have only gone downhill for the middle class and below. The only people I personally know who aren't doing too bad tended to be younger when the economy took a plunge and didn't have the opportunity to go down with the rest of the ship so they still have a fighting chance.
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Sunhawk posted...

Marvin, you sound pretty upset.

Marvo Rocks posted...

It's still not "normal" in Britain. Local councils and public services have their budgets cut (or frozen) year after year.

what part of this post sounds like someone who is upset, in your mind?

Well. Let me rephrase the question.

What year did it feel like things were mostly back to normal, e.g. quite a few jobs for people, a small to reasonably amount of disposable income for people, economy pretty strong, etc.

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Even rephrased, it still hasn't happened.
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It's not over, what they did in 2008 only patched things up.

I...had no idea.

But people are clearly exaggerrating. Things are no doubt substantially better in 2017 than they were in, say, 2009. I mean, are people with university-level educations still struggling to get min-wage jobs? No, they aren't. Are people barely able to eat and get by, month by month? No, unless they live in a generalyl very poor area. Look, stop messing with me.

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you combine acting dumb with actually being dumb.

you're a troll.

Omnislasher posted...

you combine acting dumb with actually being dumb.

you're a troll.

If you think things are still dreadful in America, you're the dumb one.

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lol k

The recession officially ended in the second quarter of 2009,[2] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011, [59] and has been described as the weakest recovery since the Great Depression and World War II.[85][86] The weak economic recovery has led many to call it a "Zombie Economy", so-called because it is neither dead nor alive. Household incomes, as of August 2012, had fallen more since the end of the recession, than during the 18-month recession, falling an additional 4.8% since the end of the recession, totally to 7.2% since the December 2007 level.[87] Additionally as of September 2012, the long-term unemployment is the highest it has been since World War II,[88] and the unemployment rate peaked several months after the end of the recession (10.1% in October 2009) and was above 8% until September 2012 (7.8%) .[89][90] The Federal Reserve has kept interest rates at a historically low 0.25% since December 2008, and both heads Ben Bernanke and Janet Yellen have stated that rates should remain low through at least mid-2015 as long as the recovery is still slow and inflation remains below 2.5%.

Sounds like things were somewhat improved by 2011, and quite good by the end of 2012 or the beginning of 2013.

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Bump.
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in terms of profits and sales from a business heavily affected by the housing crisis, i'll say 2015.

things still feel kind of crappy imo

not as bad as in 2008 but there's still a feeling of apprehension
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Sunhawk posted...

I...had no idea.

But people are clearly exaggerrating. Things are no doubt substantially better in 2017 than they were in, say, 2009. I mean, are people with university-level educations still struggling to get min-wage jobs? No, they aren't. Are people barely able to eat and get by, month by month? No, unless they live in a generalyl very poor area. Look, stop messing with me.

Yes. People with good educations are still struggling to get decent paying jobs. People are still struggling to eat. Foodbank usage is at a record high. Continued cuts in the public sector means worse response times for emergency services, longer waiting times and worse service in the NHS, and more and more crimes being ignored by the police. There are housing shortages due to government cuts, meaning rents on existing properties get higher and higher, squeezing the budgets of families all over the country, and preventing millions of young people from leaving their parents homes. That's without even mentioning rising food and energy prices (which will likely get worse after leaving the EU).

Things are 'better' than in 2008 in the sense in that now we already know we're fucked, whereas back then we were still adapting. A lot of businesses, both small and large (BHS went out of business just last year), are struggling, causing a lot of people to either lose their job, or be put on a zero hour contract with minimal rights and no stability.

If things are 'normal' it's only because being utterly fucked is so familiar to many that it's become the norm.
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Marvo Rocks posted...

Sunhawk posted...

I...had no idea.

But people are clearly exaggerrating. Things are no doubt substantially better in 2017 than they were in, say, 2009. I mean, are people with university-level educations still struggling to get min-wage jobs? No, they aren't. Are people barely able to eat and get by, month by month? No, unless they live in a generalyl very poor area. Look, stop messing with me.

Yes. People with good educations are still struggling to get decent paying jobs. People are still struggling to eat. Foodbank usage is at a record high. Continued cuts in the public sector means worse response times for emergency services, longer waiting times and worse service in the NHS, and more and more crimes being ignored by the police. There are housing shortages due to government cuts, meaning rents on existing properties get higher and higher, squeezing the budgets of families all over the country, and preventing millions of young people from leaving their parents homes. That's without even mentioning rising food and energy prices (which will likely get worse after leaving the EU).

Things are 'better' than in 2008 in the sense in that now we already know we're fucked, whereas back then we were still adapting. A lot of businesses, both small and large (BHS went out of business just last year), are struggling, causing a lot of people to either lose their job, or be put on a zero hour contract with minimal rights and no stability.

If things are 'normal' it's only because being utterly fucked is so familiar to many that it's become the norm.

Marvin, that's more Britain than America. It's nothing like that in America now, and hasn't been in a few years.

Also: you're clearly allowing your personal point of view to influence you...overly influence you. There are plenty in Britain these days with comfortable lives, and quite a few who are wealthy and doing very well. You're mostly talking about working-class people in 2017, and even then, what you're saying is an exaggeration.

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You are a very sheltered and ignorant individual.
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Marvo Rocks posted...

You are a very sheltered and ignorant individual.

And you think every country is the same as Britain, and that America in particular is still in dire financial straits, whereas they've lived pretty good lives for maybe the last 4 or 5 years.

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Doe posted...

Rust belt

I don't think it will ever go back to how it was a long time ago in that part of the US. The world has changed permanently, it's not about US policies, it's about global economics. The industries that thrived there are no longer competitive.
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Bump. I want more opinions on this. Although everybody seems to think things never recovered in America.
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Bump. We need more posters to comment on this.
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Things have literally only gotten worse from there. In government PR statements they can sugar coat it all they like with their fluffed up statistics, but prices of shit keeps rising and jobs are just as scarce, and more and more businesses close up shop every year.

I don't understand HOW, anyone can assume shit has gotten better since then. You'd have to be sheltered as fuck to think otherwise
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Sunhawk posted...

Bump. I want more opinions on this. Although everybody seems to think things never recovered in America.

They recovered, it's just that certain things have changed permanently, like there's not going to be a booming West Virginia coal economy ever again for example. As the economy changes, more money is flowing into industries like tech, but the out of work people in those towns in West Virginia aren't getting any of those jobs.

Our society has to face the fact that we have millions of millions of older people who no longer have the skills or the location to find work.
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ZombiePelican posted...

Things have literally only gotten worse from there. In government PR statements they can sugar coat it all they like with their fluffed up statistics, but prices of shit keeps rising and jobs are just as scarce, and more and more businesses close up shop every year.

I don't understand HOW, anyone can assume shit has gotten better since then. You'd have to be sheltered as fuck to think otherwise

Lol. Another one like Marvin. You think because your own life is really hard, all people like that in America or Britain are living like that. You seem to think it's still 2009, with even highly skilled people trying (and failing) to get jobs like barman. Let's not kid ourselves about which of us is out of touch with reality.

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2013

DonaldClinton posted...

2013

Finally. A post that makes sense.

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ZombiePelican posted...

Things have literally only gotten worse from there. In government PR statements they can sugar coat it all they like with their fluffed up statistics, but prices of shit keeps rising and jobs are just as scarce, and more and more businesses close up shop every year.

I don't understand HOW, anyone can assume shit has gotten better since then. You'd have to be sheltered as fuck to think otherwise

Sunhawk is a literal shut in. He has no concept of reality.
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NadYobWoc posted...

ZombiePelican posted...

Things have literally only gotten worse from there. In government PR statements they can sugar coat it all they like with their fluffed up statistics, but prices of shit keeps rising and jobs are just as scarce, and more and more businesses close up shop every year.

I don't understand HOW, anyone can assume shit has gotten better since then. You'd have to be sheltered as fuck to think otherwise

Sunhawk is a literal shut in. He has no concept of reality.

You know I don't actually live in America, right? But I'd say things have been pretty normal for a few years, now.

I'd say either 2012 or 2013 were when things were pretty much back to normal, to finally answer my own question.

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Bump. I want people's opinions on this.
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