Suze Orman: Recession is "Greatest Thing"

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I understand the younger view and appeal for "change" that was offered by Obama, I actualy voted for Carter back in the day because I believed the same BS he was spewing at the time.
Ever since then until Obama we have had Conservatives and Moderates in-charge. They are responsible for what have been decent economic times for the majority of your young lives.
What we got then and what we are getting NOW on a MUCH larger scale is the same ole Democratic Religion that states: The Government is smarter than you and can (and will) spend YOUR money on what we want (what you want doesn't matter).
YOU WILL be paying for the Democrat's policies for the rest of your lives and I strongly urge you to get involved and get eductated into what US politics are all about.
Official websites like the Congressional Budget Office and the US Treasury offer REAL information (still) and will allow you to make "informed" decisions and vote smarter in the future.
Look into the TeaParty movement unless you like being "a slave" to your Federal Government.

Chris Petty of GA 7:12PM May 17, 2009

The greatest thing would be an economy that invested in human capital, learned from its mistakes, and provided sufficient opportunity and income for all to live comfortably. It would be a society that could afford to invest wisely in infrastructure and valued the production of real goods for export as a national imperative.
It very sad that we have to rely on self-appointed public gurus to give us generalized bits of advice that are relevant to no one in particular. Last year it was Jim Cramer, now it is Sue Orman.
The most important thing is for people to have earning power. Either you have enough capital or you have career skills. We need to understand that improving everyone's career skills and productivity is in all our interests. That is a real investment in the future. Instead we are all caught up in casino capitalism, and leveraging future earnings that today's speculation is eliminating.

AgentG of TX 3:56PM May 15, 2009

“If the economy kept running the way it was, you guys would have been broke for the rest of your life”
I agree with this statement because, if the economy kept running the way it was, the youth would also be living in the “financial la-la land. We would be biting more than we can chew. We would spend our lives paying bills/mortgages we incurred upon our selves. We would never be able to save enough to call our own. The financial crisis is in a way giving us financial training. We are now learning to manage our finances. I hope when things change again, we would be financially wiser.

Henrietta of NY 11:11AM May 14, 2009

is that people especially young generations are learning to save and not to waste or being frugal in short. It is good for the earth, for the nation and for the people. I smile when I see a long line with young students for the microwave oven in a small community college in Michigan and mumble "thank God" to myself. I hope the crisis will last long enough, so being frugal becomes ours for life.

George S. of MI 2:04PM May 13, 2009

Understand this: the money being printed is trying to replace the trillions that vanished when the bubble burst. Deflation makes depressions. If the dollars are not replaced, there are not enough to buy anything including milk. We had real inflation (which was most obvious in house prices and the stock market) before the collapse.
Inflation cannot begin until the hole is filled. Without government spending to expand the money supply, we'd all be on soup lines. All of us that is except the bankers and Insurance companies.

IndigoE of VT 2:21PM May 12, 2009

I bet she also thinks 9/11 was good for America.Hey Suzie Q I have a economic prophecy for you! If you thought Milk and Real Estate is expensive, and you thought LAST FALL we saw fiancial crisis.....wait unit TRILLIIONS of NON GOLD BACK PAPER MONEY HIT THE STREETS!!!!
You must of slept through junior high, it's a fundamental economic effect called HYPER-INFLATION! This is a matter of fact, and NOT my opinion. Just look at what happened to Germany in the early 20's! Shame of the author of this article for printing SUCH rubbish!
PS. Green thought for the day: Terminal cancer will reduce your carbon footprint, for sure.

Disgusted American of NH 2:11PM May 12, 2009

I don't know much about her but she seem to be right on this one. So many things have changed over the recent years, and then we wake up and realize that one million dollars isn't worth what it did five years ago. The price of housing has become ridiculously high and we were allowing people who can't afford it to purchase them. I personally got a wake up call from the recent financial troubles we've been facing. I relize now more than ever the importance of an education, saving money and being focused.

Byron James of NJ 8:52PM May 11, 2009

THE RECESSION IS HERE TO STAY.. iT WOULD BE VERY NAIVE TO THINK IT WILL GET BETTER BEFORE GETTING MUCH WORSE!!

KEVIN BILLINGTON of IL 2:47PM May 08, 2009

a good way to determine if your an idiot is whether you listen to suzie (the psycho) orman.

pat of SC 10:15AM May 08, 2009

Hi, I'm writing an article about teens and financial literacy for the Augusta Chronicle Teen Xtreme section of my local newspaper. I was wondering if you had any advice for teens on how to gain a better understanding of these times and how we can help? Thanks!

MaryBeth of GA 9:21PM May 06, 2009