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(Nolin River Lake Specific)
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| Name: |
MartiniMan
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| Subject: |
Bad economic news continues unabated
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Date:
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8/6/2010 9:55:09 AM
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Jobless numbers were awful and with unemployment staying at 9.5% it tells you that many more people have simply given up on the job market. Over 6.6 million people have been unemployed for more than 6 months. The private sector hiring was 20,000 below expectations which given decent corporate profits it tells you they simply are reluctant to hire. Well lets see, taxes are going up dramatically next year, with Obamacare the cost of each employee is going up dramatically, the administration is at war with business, unemployment benefits have become just another entitlement, the government demonstrated their willingness to void business contracts and turn bankruptcy law on its ears when it suits them, etc., and companies are reluctant to hire?!?!?.......duh!
Home sales are also dropping like a rock. Foreclosures are at record levels. Requests for food stamps at an all-time high. Fannie and Freddie are coming back to the public trough to feed on more debt-derived dollars. The national debt has exploded in ways that even W and the profligate GOP spenders in Congress couldn't dream was possible. I could go on with more bad economic news but you get the drift.
How's that Summer of Recovery going for you OCarter lovers?
How's Geithner's prognostications about the improving economy going for you OCarter lovers?
How's that hopey-changey thing going? More like HOPEless and CHANGE for the worse!
I guess the good news is Michelle and the girls have taken a break from the million dollar WH parties to bolster the economy of formerly racist Spain........meanwhile OCarter returns to his Chicago roots to fund raise for some ethically challenged Dem candidate.
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| Name: |
Dixie Drifter
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| Subject: |
Bad economic news continues unabated
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Date:
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8/6/2010 11:22:57 AM
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Great Post MartiniMan - Let's not overlook the fact incumbent Dems running for reelection, will soon begin to blame Bush for all the economic chaos accumulated over the past seventeen months. Unfortunately, a majority of our electorate shows little in the way of interest with the deteriorating condition of our once great country. Hurry up November!
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| Name: |
Jim Dandy
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| Subject: |
Bad economic news continues unabated
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Date:
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8/6/2010 11:42:33 AM
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You forgot to mention that Pelosi is calling an "emergency" session to pass another round of pork - I mean stimulus - spending to support the Dem supporters.
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| Name: |
MartiniMan
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| Subject: |
Back to the bad old Bush days
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Date:
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8/6/2010 12:11:34 PM
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I know this is going to be the mantra in November and I hope they use it. The GOP should prepare talking points so when Dems say "We don't go back to the failed policies of the Bush administration" they can quickly respond with, "Yeah, we would hate to go back to 5% to 6% unemployment, deficits averaging $160B per year versus $1.4T, stock market at 14,000, etc. etc. The way things are now are so much better." If we go back to prior to January 1, 2007 when Dems took over control of Congress we are looking at our salad days. They are looking unbelievably good to most Americans today.
What is striking to me is the change in the public's attitude. During Bush we had relentless, nonstop bad news about the economy to support Dem election prospects. Most people would say things were pretty bad but I am doing OK. Now people say things are pretty bad for the country and for me and my friends and family. This despite the Orwellian statements by the OCarter administration that things are getting better.
Thank the Lord for the alternate media which is telling the truth. Its no wonder Newsweek just sold for $1 and the second highest bidder stated they overpaid.
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| Name: |
MartiniMan
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| Subject: |
Forgot to mention
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Date:
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8/6/2010 12:27:29 PM
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That Social Security will be in the red this year for the first time ever. What that means is they will pay out more than is collected in FICA taxes.
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| Name: |
Jim Dandy
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| Subject: |
Back to the bad old Bush days
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Date:
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8/6/2010 1:24:40 PM
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Agree - if it's all Bush's fault, I'll take more of those "failed policies" any day. And the analysis of the Newsweek sale is correct - overpriced at $1.
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| Name: |
roswellric
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| Subject: |
No Surprise
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Date:
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8/7/2010 1:06:00 PM
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For decades they have known that the outflows will exceed the inflows because the baby boomers are starting to retire. The Boomers didn't have enough kids for one thing but the worst thing is the Political Class added constituents and more entitlements.
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