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Milkman · 11-04-2008, 02:23 AM

The economy has little to do with the President but the American public is foolish and ignorant enough to blame the Executive.

Retards.

Quote:

Only 27 percent are happy with his job on the economy, which threatens to enter a recession and which many national surveys show is voters' top worry.

Entire: Bush's public approval reaches new low - The White House - MSNBC.com

Milkman · 14-04-2008, 09:37 PM

Moonlighting....at jobs that pay minimum wage. Doesn't sound like the strongest economy in the world.

Quote:

Moonlighting appears to be back in vogue. But it’s not because people want to expand their job horizons and try new careers. It’s because they need money. Money to deal with recessionary pressures — everything from inflation to fears they may lose their primary jobs.

Another big reason, according to Robert Reich, former labor secretary under the Clinton Administration, is "because wages are falling, adjusted for inflation."

The number of workers in the United States who have a full-time job and also have a part-time job on the side has risen about 5 percent to 4.17 million in 2007 from 3.98 million the prior year, according to Department of Labor statistics.
"We’re starting to see more moonlighting by fear," says Christine Durst, director of research for RatRaceRebellion.com, a work-at-home job-leads site. "We usually see moonlighting by choice."

The number of workers in the United States who have a full-time job and also have a part-time job on the side has risen about 5 percent......in 2007....according to Department of Labor statistics.
"We’re starting to see more moonlighting by fear," says Christine Durst, director of research for RatRaceRebellion.com, a work-at-home job-leads site. "We usually see moonlighting by choice."

Link: More workers forced to try moonlighting - Careers - MSNBC.com

Bugs · 14-04-2008, 10:05 PM

Quote:

Originally Posted by Milkman

The economy has little to do with the President but the American public is foolish and ignorant enough to blame the Executive.

Retards.

Quote:

Only 27 percent are happy with his job on the economy, which threatens to enter a recession and which many national surveys show is voters' top worry.

Entire: Bush's public approval reaches new low - The White House - MSNBC.com

Well they feel even worse about congress - 23% approval:
http://www.pollingreport.com/CongJob.htm

Milkman · 15-04-2008, 04:48 AM

Quote:

Originally Posted by Bugs

Quote:

Originally Posted by Milkman

The economy has little to do with the President but the American public is foolish and ignorant enough to blame the Executive.

Retards.

Quote:

Only 27 percent are happy with his job on the economy, which threatens to enter a recession and which many national surveys show is voters' top worry.

Entire: Bush's public approval reaches new low - The White House - MSNBC.com

Well they feel even worse about congress - 23% approval:
http://www.pollingreport.com/CongJob.htm

I agree, bugs. I should have noted that.

Congress, SUX.

They are just as wasteful, destructive to our future, and useless.

raycarey · 15-04-2008, 12:33 PM

many people are upset with congress because they haven't stopped bush's war.

Bugs · 15-04-2008, 01:00 PM

Quote:

Originally Posted by raycarey

many people are upset with congress because they haven't stopped bush's war.

Yea, they are so upset because of that. That's why congress has been so trigger shy about stopping the funding for "Bush's war".

Maybe they are afraid too many people would agree with their actions if they did cut off funding?

raycarey · 15-04-2008, 01:50 PM

Quote:

Originally Posted by Bugs

Yea, they are so upset because of that.

yeah, they are.

Quote:

Originally Posted by Bugs

Maybe they are afraid too many people would agree with their actions if they did cut off funding?

if congress did have the courage to cut off funding for bush's war, the approval ratings of congress would likely more than double.

the most recent data i could bring up in a quick search is from october....feel free to post more recent data.

Quote:

FALLING CONGRESSIONAL APPROVAL RATINGS

Democrats are largely responsible for the Congress's plummeting approval rating. The party suffered a 20-point drop, between April and the end of September. This drop is largely attributable to a huge chunk of the party's liberal base that is furious with Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.) for not turning back Bush's war policies.

Bush's approval rating is stuck at 33 percent, essentially unchanged for the entire year, while 64 percent disapprove of his job performance.

The poll data shows that the war in Iraq is no longer just Bush's political albatross, but is dragging the Congress into a similarly unpopular depth.

Iraq Pulls Down Poll Numbers for Bush and Congress - Capitol Briefing

Milkman · 15-04-2008, 04:09 PM

Consumer spending will decline and creditors have already tightened up their lending to individuals and companies.

Quote:

"We have a deadly combination of commodity price inflation and credit contraction," said University of Maryland economics professor Peter Morici. "It's tough to imagine a worse combination. In a worst case scenario, the recession could last several years."

Link: Recession could be longer than current forecasts - Apr. 14, 2008

Bugs · 15-04-2008, 04:30 PM

Quote:

Originally Posted by raycarey

Quote:

Originally Posted by Bugs

Yea, they are so upset because of that.

yeah, they are.

Quote:

Originally Posted by Bugs

Maybe they are afraid too many people would agree with their actions if they did cut off funding?

if congress did have the courage to cut off funding for bush's war, the approval ratings of congress would likely more than double.

the most recent data i could bring up in a quick search is from october....feel free to post more recent data.

Quote:

FALLING CONGRESSIONAL APPROVAL RATINGS

Democrats are largely responsible for the Congress's plummeting approval rating. The party suffered a 20-point drop, between April and the end of September. This drop is largely attributable to a huge chunk of the party's liberal base that is furious with Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.) for not turning back Bush's war policies.

Bush's approval rating is stuck at 33 percent, essentially unchanged for the entire year, while 64 percent disapprove of his job performance.

The poll data shows that the war in Iraq is no longer just Bush's political albatross, but is dragging the Congress into a similarly unpopular depth.

Iraq Pulls Down Poll Numbers for Bush and Congress - Capitol Briefing

So what you are saying is the blue team is too stupid to listen to those that vote for them?

raycarey · 15-04-2008, 04:45 PM

Quote:

Originally Posted by Bugs

So what you are saying........

errrr...what i'm saying is what i posted.

Milkman · 15-04-2008, 05:13 PM

Americans can point their fingers at the politicians all they want.

It would do any good because there's not much the politicians can do about the economy, in general.

The gov can apply some bandaid, like it has recently done (e.g. Bear Stearns) but in general the gov cannot do much.

raycarey · 15-04-2008, 05:22 PM

as for the "strongest economy in the world".....did anyone notice that the reason retail sales figures were up last month was because of high gas prices?

Boon Mee · 15-04-2008, 06:14 PM

Quote:

Originally Posted by raycarey

as for the "strongest economy in the world".....did anyone notice that the reason retail sales figures were up last month was because of high gas prices?

And it's all GWB's fault too, right?

raycarey · 15-04-2008, 06:19 PM

i disagree with MM.....the bush recession is directly related to his failed economic policies.

Boon Mee · 15-04-2008, 06:21 PM

Quote:

Originally Posted by raycarey

i disagree with MM.....the bush recession is directly related to his failed economic policies.

Like tax cuts, eh?

raycarey · 15-04-2008, 06:24 PM

Quote:

Originally Posted by Boon Mee

Like tax cuts, eh?

during a war (that has no end in sight) which is costing $12 billion/month? with a deficit and debt that are out of control?

YES.

you see, that's called fiscal responsiblity. perhaps you've never heard of it.

what's especially lamentable is that the primary beneficiaries were the uber-rich.

Milkman · 15-04-2008, 06:44 PM

In relation to the last 5 posts, I do think some of GWB's fiscal policies have hurt the US and will hurt it in the future:

1. Medicare expansion

2. Big government spending: 9 trillion dollar debt, of which the annual interest must be paid. Borrowing money from China in the form of T-bills.

Tax cuts? OK, from 39% to 35% for the top tax bracket and some other cuts.

So what?

Congress and all politicians do not address the serious problems of the US.

Social Security, Medicare, debt, massive borrowing which has led partly to the decline of the dollar (even though I think GWB wants a weaker dollar).

Today, I just read that GWB, released $200 million dollars to help people in the third world eat, because of the hire food prices.

sabang · 15-04-2008, 06:50 PM

Growing number of economists worry that second-half recovery is out of reach and that recession will be longer and more painful than current forecasts.

NEW YORK (CNNMoney.com) -- There is little debate about whether the U.S. economy is in a recession. The question is how painful and long the downturn will be.

There is a growing fear among some economists that the recession will be particularly bad.

"We just can't believe it's going to be short. The question is how bad can it get? The situation is moving more towards severe than towards mild," said Allen Sinai, chief global economist for Decision Economics.

According to the National Bureau of Economic Research, the firm that officially determines when recessions begin and end, the last two recessions (2001 and 1990-1991) each lasted 8 months.

But Sinai and other economists cited numerous economic headwinds, including tight credit, falling home prices and mounting losses for banks, as reasons why this downturn could last longer and be more painful than seen in those last two recessions, with more job losses and a sharper drop in economic activity.

In addition to the drag on the economy from rising job losses, they also pointed to record high commodity prices and plunging confidence as factors that could cut into consumer spending.

Recession could be longer than current forecasts - Apr. 14, 2008

Most recessions only last 6 - 10 months. My guess is this one will be longer.
The large loss posted by Wachovia- and it's 8 billion emergency capital raising- was pretty sobering. This is the 4th or 5th biggest US bank. Other banks and financial institutions are reporting in coming weeks, and the news is expected to be pretty bad.

15-04-2008, 05:13 PM	#591 (permalink)
Milkman Gone Off Join Date: Dec 2005 Location: shelf Posts: 9,390	Americans can point their fingers at the politicians all they want. It would do any good because there's not much the politicians can do about the economy, in general. The gov can apply some bandaid, like it has recently done (e.g. Bear Stearns) but in general the gov cannot do much. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. _____________

15-04-2008, 06:50 PM	#598 (permalink)
sabang Watching the Wheels Last Online: Today 08:13 PM Join Date: Feb 2006 Location: east of Pattaya Posts: 8,301	Fears of long recession rising Growing number of economists worry that second-half recovery is out of reach and that recession will be longer and more painful than current forecasts. NEW YORK (CNNMoney.com) -- There is little debate about whether the U.S. economy is in a recession. The question is how painful and long the downturn will be. There is a growing fear among some economists that the recession will be particularly bad. "We just can't believe it's going to be short. The question is how bad can it get? The situation is moving more towards severe than towards mild," said Allen Sinai, chief global economist for Decision Economics. According to the National Bureau of Economic Research, the firm that officially determines when recessions begin and end, the last two recessions (2001 and 1990-1991) each lasted 8 months. But Sinai and other economists cited numerous economic headwinds, including tight credit, falling home prices and mounting losses for banks, as reasons why this downturn could last longer and be more painful than seen in those last two recessions, with more job losses and a sharper drop in economic activity. In addition to the drag on the economy from rising job losses, they also pointed to record high commodity prices and plunging confidence as factors that could cut into consumer spending. Recession could be longer than current forecasts - Apr. 14, 2008 Most recessions only last 6 - 10 months. My guess is this one will be longer. The large loss posted by Wachovia- and it's 8 billion emergency capital raising- was pretty sobering. This is the 4th or 5th biggest US bank. Other banks and financial institutions are reporting in coming weeks, and the news is expected to be pretty bad. __________________ To err is human. To blame someone else is politics.

15-04-2008, 12:33 PM	#585 (permalink)
raycarey texpat's sexual obsession Join Date: Jan 2006 Location: deleting posts in issues Posts: 5,499	many people are upset with congress because they haven't stopped bush's war.

15-04-2008, 05:22 PM	#592 (permalink)
raycarey texpat's sexual obsession Join Date: Jan 2006 Location: deleting posts in issues Posts: 5,499	as for the "strongest economy in the world".....did anyone notice that the reason retail sales figures were up last month was because of high gas prices?

15-04-2008, 06:19 PM	#594 (permalink)
raycarey texpat's sexual obsession Join Date: Jan 2006 Location: deleting posts in issues Posts: 5,499	i disagree with MM.....the bush recession is directly related to his failed economic policies.

15-04-2008, 06:44 PM	#597 (permalink)
Milkman Gone Off Join Date: Dec 2005 Location: shelf Posts: 9,390	In relation to the last 5 posts, I do think some of GWB's fiscal policies have hurt the US and will hurt it in the future: 1. Medicare expansion 2. Big government spending: 9 trillion dollar debt, of which the annual interest must be paid. Borrowing money from China in the form of T-bills. Tax cuts? OK, from 39% to 35% for the top tax bracket and some other cuts. So what? Congress and all politicians do not address the serious problems of the US. Social Security, Medicare, debt, massive borrowing which has led partly to the decline of the dollar (even though I think GWB wants a weaker dollar). Today, I just read that GWB, released $200 million dollars to help people in the third world eat, because of the hire food prices.