Off-Topic: More bad economic news.....sigh......

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	Name:	Talullahhound -
	Subject:	More bad economic news.....sigh......
	Date:	6/17/2010 5:37:58 PM

It's BP's choice not to pay dividends, not because of any "shake-down". Their profits will still be in the billions. I'm glad that the Administation put the strong arm on BP. I see no reason for BP to skate on this one. Unfortunately, the damage that has been done to the Gulf region is going to last far longer than 5 years. And I'm not just talking the environmental impact. I expect we will see a larger number of foreclosures on beach property that anyone previously anticipated. And if we have a bad hurricane season as they have predicted, it's God help the Gulf.

All of the economic forecasts I have been reading said that there would be a small increase in the economy in 2010; the economy would stagnate in 2011 and would start to recover in 2012. I've been reading this since the beginning of the year.

As far as consumer prices being down -- I don't see how anyone who has been to the grocery store lately would make that claim.

BTW, I was in Montgomery today and had lunch in a restaurant that would normally be nearly full at lunchtime. Today it was 3/4 empty.