Metal Rabbit Posted September 27, 2008 Share Posted September 27, 2008 By our generation, I mean the current U.S. teens between the ages of 13-18. -We have to support the fat lazy baby boomer's social security, and there won't be much left for us even though it's our money. -With inflated prices and not enough cash going around, going to school or even maintaining a stable job is gonna be a bitch. -When we DO get out of the recession, the generation after us will have it easier and when we're 20 they'll be teens and telling us to go screw ourselves like punks. Quote Link to comment Share on other sites More sharing options...
Wist Posted September 27, 2008 Share Posted September 27, 2008 At least our generation hasn't had to suffer a draft. Quote Link to comment Share on other sites More sharing options...
Steven Tyler Posted September 27, 2008 Share Posted September 27, 2008 By our generations, I mean the current U.S. teens, Generation Y, and parts of Generation X between the ages of 13-35.-We have to support the fat lazy baby boomer's social security, and there won't be much left for us even though it's our money. -With inflated prices and not enough cash going around, going to school or even maintaining a stable job is gonna be a bitch. -When we DO get out of the recession, the generation after us will have it easier and when we're 20 they'll be teens and telling us to go screw ourselves like punks. -Don't forget, we DO have to pay for the whole $700 Billion Bailout bullshit for those damn white collar fucks. Fix'd. Yeah, Wall St., the White Collars, some baby boomers and others have forgotten the other generation, us. We are the ones who's gonna get fucked in the ass with no lube at the end of the day because of all this bullshit they overlooked. Quote Link to comment Share on other sites More sharing options...
Serene Posted September 27, 2008 Share Posted September 27, 2008 Agreed Metal Arc but here's more What type of energy source will we be using. Oil Will run out, and if there isn't a suitable replacement set up by then everyone in this generation will be in the shitter if they don't Quote Link to comment Share on other sites More sharing options...
Wist Posted September 28, 2008 Share Posted September 28, 2008 (edited) Fix'd.Yeah, Wall St., the White Collars, some baby boomers and others have forgotten the other generation, us. We are the ones who's gonna get fucked in the ass with no lube at the end of the day because of all this bullshit they overlooked. I do not think you do not understood how a potential financial bailout would work. At the moment, banks are unable to afford to give out loans because defaulted loans, partially to blame on the most recent real estate bubble, have bankrupted the banks and ultimately Fannie Mae and Freddie Mac (where banks turn to for loans). This results in companies, most of which rely on loans to expand, having no option but to scale back on their business. Layoffs result, reducing the number of people able to pay back personal loans and mortgages which further harms the banks. The bailout plan would result in the government absorbing all of the defaulted loans in exchange for shares in all affected banks. The banks will no longer be in horrific debt and will again be able to afford giving out loans, pulling out of what was previously a viciously tumbling cycle. Because the government would have a share in most of the banks, it would make up the money lost in the bailout; the rest would ideally be accounted for when the government sells its shares back to private investors further enabling the economy to grow.That explanation is obviously simplified but it covers the gist of how such a plan would operate. Such a bailout, if handled effectively, is immensely more agreeable to allowing the economy to descend into a depression. If one is inclined to scapegoat a group of people for the current economic crisis (something I think isn't a great idea because it doesn't solve anything and there are many more factors involved), it is the fault of those in the middle class who opted to purchase houses they clearly could not afford with the assumption than the real estate market would continue to flourish. Once homeowners began to default, banks could not afford to give out loans and most people were unable to buy new homes. More people defaulted and the banks were left with houses that could not be sold for anywhere near the amount they were worth when loans were given out, thus beginning the cycle described above. Every generation has a variety of issues to contend with, such is life, but the predictions put forth in this thread don't appear to be well grounded at the moment. Edit (28.09.2008): Added a missing word. Edited September 28, 2008 by Wist Quote Link to comment Share on other sites More sharing options...
CGV Posted September 28, 2008 Share Posted September 28, 2008 good thing i'm 21, haha Quote Link to comment Share on other sites More sharing options...
Not Changed by VASM :( Posted September 28, 2008 Share Posted September 28, 2008 ...This is so true it makes me sad... Quote Link to comment Share on other sites More sharing options...
noremaC Posted September 28, 2008 Share Posted September 28, 2008 blah.... people make the economy out to be worse than it really is..... Quote Link to comment Share on other sites More sharing options...
Rehab Posted September 28, 2008 Share Posted September 28, 2008 I think we'll make it. Quote Link to comment Share on other sites More sharing options...
Metal Rabbit Posted September 28, 2008 Author Share Posted September 28, 2008 it feels better to bitch about it though. Quote Link to comment Share on other sites More sharing options...
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