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"The Great Recession of 2008" Topic


19 Posts

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TKindred Supporting Member of TMP23 Apr 2017 4:11 a.m. PST

I was actually making gains, until Deleted by Moderator. Now I've lost ground and it will likely take me into the first part of President Trump's 2nd term to recover from my losses.

These United States need to return to the original idea of our Republic that, if you aren't serving in the military,or posted abroad on government service, or do not own real property, then you don't get to vote. Period.

In addition, return the election of Senators to the state legislatures, where it used to be and rightly belongs.

MAGA

robert piepenbrink Supporting Member of TMP23 Apr 2017 7:41 a.m. PST

Tkindred, politics in the mess?

For me, hard to say. The actual 2008 crunch missed me, but the Sequester didn't, and eventually I retired. What I have now is much lower income than 2008, but also lower expenses and less uncertainty. I suspect a lot of the Boomers are at a similar point.

Weasel23 Apr 2017 8:00 a.m. PST

We're far better off today than we were when 2008 hit.

The company we were at took every opportunity to squeeze its staff and we've both moved on to better things.

nazrat23 Apr 2017 11:34 a.m. PST

I am incredibly better off.

79thPA Supporting Member of TMP23 Apr 2017 12:52 p.m. PST

I am paying child support on two children now, so my finances certainly took a hit.

Micman Supporting Member of TMP23 Apr 2017 2:59 p.m. PST

Way better off. In 08 I was back in college. Now am working a job that pays okay with good benefits.

Mithmee23 Apr 2017 4:18 p.m. PST

There was no Great Recession back in 2008.

What happen was that the housing bubble bursted.

e4warde23 Apr 2017 4:24 p.m. PST

Free TKindred…

Not because I agree with him, but because I think this is a loaded poll question.

If you don't want politics discussed when polling people about "The Great Recession of (fill in the blank)," the comment board should be disabled

Who asked this joker23 Apr 2017 4:40 p.m. PST

No better. No worse. With the exception of being laid off right before 911, I've been quite fortunate up until now. Mostly it is about choices. I am naturally frugal and try to plan for the future. I also make sure I don't spend to the hilt unlike many/most Americans. I've weathered the bad times quite well and hope to continue until the day I die.

Frederick Supporting Member of TMP23 Apr 2017 5:09 p.m. PST

I am much better off – in large part because due to a series of moves up the ladder I am getting paid about twice as much as I was then

Private Matter23 Apr 2017 5:45 p.m. PST

I'm doing much better. I work in the staffing industry and we've seen over 70 straight months of uninterrupted job growth which has been good for my industry. We saw a surge on offshoring before 2008 hit which was causing negative ripples. However, that had actually declined sufficiently in the past four years in the very high tech/engineering sector which is also a boon for us. Unfortunately, some of the economic indicators over the past couple of months are pointing to some disappointing trends on the horizon. Isolationism and protectionism in manufacturing sectors actually hurt high paying development jobs so my fingers are crossed that common sense and stability will win in the end.

Personal logo x42brown Supporting Member of TMP23 Apr 2017 8:46 p.m. PST

I was not negatively affected by it.

x42

Personal logo Doctor X Supporting Member of TMP23 Apr 2017 9:25 p.m. PST

Much better off

advocate24 Apr 2017 4:56 a.m. PST

The company I worked for failed in 2008 thanks to problems in the banking industry. I couldn't get a job for eighteen months, and am even now earning less than I did then.

Gear Pilot24 Apr 2017 3:25 p.m. PST

The more recent oil bust has hurt me more than the 08 recession.

D A THB24 Apr 2017 9:25 p.m. PST

I seem to be slightly better off. My wages have grown in line with inflation. My partner moved in and is helping to pay the bills and my mortgage is just about paid off.
On the other side of the balance sheet I've lost overtime pay and have had no meaningful wage growth for the amount of work I'm expected to do these days. The company is getting some attention in the press for management practices so I may be a job seeker at some stage.

grtbrt25 Apr 2017 7:34 a.m. PST

Much better off . Not even close
The 2008 "recession" didn't hurt us in the least (in some ways helped -picked up some real estate properties at a great discount in 2009,2010)
But both my wife and I am in sectors(pharma and wine ) that are not really effected by economic blips .

Private Matter25 Apr 2017 10:54 a.m. PST

grtbrt – how convenient to have careers in such complimentary industries; drugs & alcohol. I know both those industries have helps me through some "blips."

AussieAndy27 Apr 2017 7:44 a.m. PST

What recession? Australia hasn't been in recession for 26 years. We are about to break the record set by The Netherlands for the longest period without a recession. Not so hard to make a bit of money in those conditions.

Now that I've finished gloating, I suspect that we well and truly have a bust coming. Then we will find out whether it was such a good idea to let most of our manufacturing industry go offshore.

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