Republican Cut and Pasate Economy
Posted By: HappyHippo on 2005-12-07
In Reply to:
Subject: lousy economic news
http://www.counterpunch.org/roberts12032005.html
An Economy Driven By Debt
Don't Confuse the Jobs Hype with the Facts
By PAUL CRAIG ROBERTS
The November payrolls job report was announced Friday with the usual
misleading hype. Spinmeisters made the most out of the 215,000 jobs.
Looking
beyond the glitter at the real facts, this is what we see. 21,000 of
those
jobs were government jobs supported by taxpayers. There were only
194,000
new jobs in the private sector.
Of those new jobs, 37,000 are in construction and only 11,000 are in
manufacturing. The bulk of the new jobs--144,000--are in domestic
services.
Wholesale and retail trade account for 20,000. Food services and
drinking
places (waitresses and bar tenders) account for 38,000.
Health care and social assistance account for 27,000. Professional and
business services account for 29,000. Financial activities gained
13,000
jobs. Transportation and warehousing gained 8,000 jobs.
Very few of these jobs result in tradable services that can be exported
or
help to close the growing gap in the US balance of trade.
The 11,000 new factory jobs and the 15,000 of the previous month are a
relief from the usual loss. However, these gains are more than offset
by the
job cuts recently announced by General Motors and Ford.
Despite the gain in jobs, total hours worked declined as the average
workweek fell to 33.7 hours. The decline in the labor force
participation
rate, a consequence of the shrinkage in well-paying jobs, masks a
higher
rate of unemployment than the reported 5 percent. The ratio of
employment to
population fell again in November.
Average hourly earnings (up 3.2 percent over the last year) are not
keeping
up with the consumer price index (up 4.3 percent).
Consequently, real incomes are falling.
This is not the picture of a healthy economy in which growth in high
productivity, high value-added jobs fuel the growth in consumer demand
and
provide savings to finance Washington's red ink. What we are looking at
is
an economy that is coming unglued from the loss of jobs that provide
ladders
of upward mobility and from massive trade and budget deficits that are
resulting in unsustainable growth in indebtedness to foreigners.
The consumer price index measures inflation at 4.3 percent over the
past
year. Many people, experiencing household budgets severely impacted by
fuel
prices and grocery bills, find this figure unrealistically low. PNC
Financial Services has a Christmas price index consisting of the gifts
in
the song, The 12 Days of Christmas. The index reports that the cost
of the
collection of gifts has risen 6 percent since last Christmas. Some of
the
gifts have risen substantially in price. Gold rings are up 27.5
percent, and
pear trees are up 15.4 percent. The cost of labor (drummers drumming,
maids-a-milking) has remained the same.
Populations are hard pressed when the prices of goods rise relative to
the
price of labor, because this makes it impossible for the population to
maintain its standard of living.
The US economy has been kept alive by low interest rates, which fueled
a
real estate boom. Consumers have kept growth alive by refinancing their
home
mortgages and spending the equity in their houses. Their indebtedness
has
risen.
Debt-fueled growth is qualitatively different from economic growth that
results from an increase in high value-added jobs. Economists who look
at
the 3+ percent economic growth rate and conclude that things are fine
are
fooling themselves and the public. When the real estate boom ends, what
will
be the source of new spending power?
Paul Craig Roberts has held a number of academic appointments and has
contributed to numerous scholarly publications. He served as Assistant
Secretary of the Treasury in the Reagan administration. His graduate
economics education was at the University of Virginia, the University
of
California at Berkeley, and Oxford University. He is coauthor of The
Tyranny
of Good Intentions. He can be reached at: paulcraigroberts@yahoo.com
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For all your republican bashing, the economy was
nm
The Anti-Republican Republican Who is Really a Republican
The whole anti-Republican Republican ruse might have succeeded, were it not for the fact that McCain's rhetoric was at odds not merely with his own voting record - 90 percent with Bush - and his own Bush-on-steroids agenda.
Even as he was pledging to "change the way government does almost everything," the senator from Arizona announced his commitment to much, much more of the same.
He pledged to maintain endless occupations of distant lands that empty the U.S. Treasury of precious resources that might pay for infrastructue renewal, housing and job creations initiatives for hurting Americans.
He outlined trade and tax policies that would extend, rather than alter a failed economic status quo.
He reintroduced flawed proposals for health care, education and entitlement reforms that Americans have wisely rejected.
And he threatened to achieve "energy independence" by declaring:
"We will drill..."
"We'll drill..."
"More drilling..."
McCain's rhetoric was that of a liberated man declaring his independence from his party's failed president and corrupt Congresses.
But his platform was that of Republican candidate who, for all of his talk of reform, offers the crudest continuity to a country that is crying out for change.
http://www.truthout.org/article/the-anti-republican-republican-who-is-really-a-republican
Here's another one regarding the economy.
And you're right. Some people do. 
|
Falling gasoline prices have led to some improvement in consumer confidence over the past few weeks. But the public remains deeply unhappy about the state of the economy. According to the latest Gallup poll, 63 percent of Americans rate the economy as only fair or poor, and by 58 to 36 percent people say economic conditions are getting worse, not better.
Yet by some measures, the economy is doing reasonably well. In particular, gross domestic product is rising at a pretty fast clip. So why aren't people pleased with the economy's performance?
Like everything these days, this is a political as well as factual question. The Bush administration seems genuinely puzzled that it isn't getting more credit for what it thinks is a booming economy. So let me be helpful here and explain what's going on.
I could point out that the economic numbers, especially the job numbers, aren't as good as the Bush people imagine. President Bush made an appearance in the Rose Garden to hail the latest jobs report, yet a gain of 215,000 jobs would have been considered nothing special - in fact, a bit subpar - during the Clinton years. And because the average workweek shrank a bit, the total number of hours worked actually fell last month.
But the main explanation for economic discontent is that it's hard to convince people that the economy is booming when they themselves have yet to see any benefits from the supposed boom. Over the last few years G.D.P. growth has been reasonably good, and corporate profits have soared. But that growth has failed to trickle down to most Americans.
Back in August the Census bureau released family income data for 2004. The report, which was overshadowed by Hurricane Katrina, showed a remarkable disconnect between overall economic growth and the economic fortunes of most American families.
It should have been a good year for American families: the economy grew 4.2 percent, its best performance since 1999. Yet most families actually lost economic ground. Real median household income - the income of households in the middle of the income distribution, adjusted for inflation - fell for the fifth year in a row. And one key source of economic insecurity got worse, as the number of Americans without health insurance continued to rise.
We don't have comparable data for 2005 yet, but it's pretty clear that the results will be similar. G.D.P. growth has remained solid, but most families are probably losing ground as their earnings fail to keep up with inflation.
Behind the disconnect between economic growth and family incomes lies the extremely lopsided nature of the economic recovery that officially began in late 2001. The growth in corporate profits has, as I said, been spectacular. Even after adjusting for inflation, profits have risen more than 50 percent since the last quarter of 2001. But real wage and salary income is up less than 7 percent.
There are some wealthy Americans who derive a large share of their income from dividends and capital gains on stocks, and therefore benefit more or less directly from soaring profits. But these people constitute a small minority. For everyone else the sluggish growth in wages is the real story. And much of the wage and salary growth that did take place happened at the high end, in the form of rising payments to executives and other elite employees. Average hourly earnings of nonsupervisory workers, adjusted for inflation, are lower now than when the recovery began.
So there you have it. Americans don't feel good about the economy because it hasn't been good for them. Never mind the G.D.P. numbers: most people are falling behind.
It's much harder to explain why. The disconnect between G.D.P. growth and the economic fortunes of most American families can't be dismissed as a normal occurrence. Wages and median family income often lag behind profits in the early stages of an economic expansion, but not this far behind, and not for so long. Nor, I should say, is there any easy way to place more than a small fraction of the blame on Bush administration policies. At this point the joylessness of the economic expansion for most Americans is a mystery.
What's clear, however, is that advisers who believe that Mr. Bush can repair his political standing by making speeches telling the public how well the economy is doing have misunderstood the situation. The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good. |
The economy. It's not going anywhere
counting.
Economy going down is right.
work for, the largest transcription company in the US, is now paying us for ASR, 60% and others will get straight 4 cents a line.
Actually, no, not the economy....(sm)
I was actually referring to Pelosi and her power grab, cutting off all GOP opposition, behind closed doors, that no one will ever hear about again, from the other day.
And did you catch Barney Frank today on the retroactive rules on the TARP?
http://www.newsmax.com/politics/tarp/2009/01/09/169663.html?utm_medium=RSS
What I am doing to help the economy
1. I pray for this country and the president every day.
2. I'm not constantly complaining about everything.
3. I am not watching the DOW like it's American Idol.
4. I’ve taken fiscal responsibility for me and my home.
5. I give what I can to the food banks and my church etc. to help those who need help.
I did not vote for President Obama. I do not think he is the messiah and I certainly will not blame him for the mess we are in right now simply because we all played a part. No one forced anyone to take house loans that they could not pay, no one forces us to use our credit card and run up debts and live beyond our means, no one predicted that you would take a loan and then lose your job and be in foreclosure and no one regulated the banks like they should of.
Now that being said, in a crisis it is so easy to look for someone to blame, become angry, and forget who we are. So my advice the next time you are at your kitchen table wondering how you are going to make ends meet, that you remember who you are, an American. I would also advise getting some debt management help.
So please, instead of running around with your hands up in the air thinking the worst and claiming the sky is falling, try listening to the Star Spangled Banner or something that is positive. I have found that this helps me a lot.
Now let us all take a good long look in the mirror, have a little faith in ourselves as a country and stop beating up on each other. Have a good day everyone and God Bless America.
What I am doing to help the economy
1. I pray for this country and the president every day.
2. I'm not constantly complaining about everything.
3. I am not watching the DOW like it's American Idol.
4. I’ve taken fiscal responsibility for me and my home.
5. I give what I can to the food banks and my church etc. to help those who need help.
I did not vote for President Obama. I do not think he is the messiah and I certainly will not blame him for the mess we are in right now simply because we all played a part. No one forced anyone to take house loans that they could not pay, no one forces us to use our credit card and run up debts and live beyond our means, no one predicted that you would take a loan and then lose your job and be in foreclosure and no one regulated the banks like they should of.
Now that being said, in a crisis it is so easy to look for someone to blame, become angry, and forget who we are. So my advice the next time you are at your kitchen table wondering how you are going to make ends meet, that you remember who you are, an American. I would also advise getting some debt management help.
So please, instead of running around with your hands up in the air thinking the worst and claiming the sky is falling, try listening to the Star Spangled Banner or something that is positive. I have found that this helps me a lot.
Now let us all take a good long look in the mirror, have a little faith in ourselves as a country and stop beating up on each other. Have a good day everyone and God Bless America.
Please take Economy 101
Your pathetic little woe-is-me mentality is the problem with the economy.
Wake up, eejit. The 'rich' people are the ones paying all the taxes. The runts at the bottom - you know - the ones so unintelligent or unmotivated to make it in the world - pay no taxes and suck all the money out of the country.
No country ever got anywhere by taking down the successful people and raising up the ingrates. In America, you can get rich if you want to. But you have to work for it. If you don't have the guts or the self-motivation, you get to live according to your own means.
Suck it up.
The Economy
The Economy - Not the President - is Tanking the Market
by: Hale Stewart
One of the more ridiculous statements going around over the last few weeks is "this is an Obama bear market." This statement is, well, ill-informed at best and fraudulent at worst. Let's look at why.
First -- who is saying this? Such economic luminaries as John Hawkins at Right Wing News (who actually asked Is Obama Deliberately Tanking the Stock Market?), Powerline, Brit Hume along with a host of other right wing bloggers. What all of these people have in common is their incessant chearleading during the Bush years despite mounting evidence of an upcoming recession. There are the same people who argued that ... housing is a small part of the economy ... most people are paying their mortgages ... the US economy will decouple from the rest of the world .... it's the greatest story never told ..... you get the idea. Simply put, these are people who have distinguished themselves by being some of the best contrary indicators around.
Secondly, the SPYs -- the tracking ETF for the S&P 500 -- dropped from (roughly) 155 in the summer of 2007 to (roughly) 85 at the end of last year. Yet I don't remember any of them saying that was the Bush bear market -- even though that's a drop of roughly 43%. No -- it's the new President that's causing the problems. In addition, when Bush took office the SPYs dropped from roughly 130 at the begging of 2001 to 85 in the fourth quarter of 2002. Yet somehow I don't think any of them blamed Bush's policies for the drop. Then it was the "lasting effects of the Clinton recession" or something similar.
What all of these idiots are forgetting is the simple fact that the economy is the backdrop of the stock market. When the economy does well the stock market does well. When the economy doesn't do well, the stock market doesn't do well. And to that end, the economy isn't doing well right now. Let's look at some recent news events.
From the BEA:
Real gross domestic product -- the output of goods and services produced by labor and propertylocated in the United States -- decreased at an annual rate of 6.2 percent in the fourth quarter of 2008,(that is, from the third quarter to the fourth quarter), according to preliminary estimates released by theBureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.
From the BLS:
Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors.
From the Federal Reserve:
Reports from the twelve Federal Reserve Districts suggest that national economic conditions deteriorated further during the reporting period of January through late February. Ten of the twelve reports indicated weaker conditions or declines in economic activity; the exceptions were Philadelphia and Chicago, which reported that their regional economies "remained weak." The deterioration was broad based, with only a few sectors such as basic food production and pharmaceuticals appearing to be exceptions. Looking ahead, contacts from various Districts rate the prospects for near-term improvement in economic conditions as poor, with a significant pickup not expected before late 2009 or early 2010.
Consumer spending remained sluggish on net, although many Districts noted some improvement in January and February compared with a dismal holiday spending season. Travel and tourist activity fell noticeably in key destinations, as did activity for a wide range of nonfinancial services, with substantial job cuts noted in many instances. Reports on manufacturing activity suggested steep declines in activity in some sectors and pronounced declines overall. Conditions weakened somewhat for agricultural producers and substantially for extractors of natural resources, with reduced global demand cited as an underlying determinant in both cases. Markets for residential real estate remained largely stagnant, with only minimal and scattered signs of stabilization emerging in some areas, while demand for commercial real estate weakened significantly. Reports from banks and other financial institutions indicated further drops in business loan demand, a slight deterioration in credit quality for businesses and households, and continued tight credit availability.
From the FDIC:
Expenses associated with rising loan losses and declining asset values overwhelmed revenues in the fourth quarter of 2008, producing a net loss of $26.2 billion at insured commercial banks and savings institutions. This is the first time since the fourth quarter of 1990 that the industry has posted an aggregate net loss for a quarter. The ?0.77 percent quarterly return on assets (ROA) is the worst since the ?1.10 percent in the second quarter of 1987. A year ago, the industry reported $575 million in profits and an ROA of 0.02 percent. High expenses for loan-loss provisions, sizable losses in trading accounts, and large writedowns of goodwill and other assets all contributed to the industry's net loss. A few very large losses were reported during the quarter-four institutions accounted for half of the total industry loss-but earnings problems were widespread. Almost one out of every three institutions (32 percent) reported a net loss in the fourth quarter. Only 36 percent of institutions reported year-over-year increases in quarterly earnings, and only 34 percent reported higher quarterly ROAs.
I could go on, but you you get the idea. The news of the underlying economy has been terrible (at best). And that's what's causing the problems.
The economy had nothing to do with ........
his jumping to grow BIG and BIGGER government; he was going to do that regardless of the economy. Obama is for big government and was WAAAY before he was elected. The economy was a good excuse to scare people into electing him, as if this country couldn't pick itself up, get rid of the bad, new companies come in, and the economy would continue all on its own, WITHOUT Obama's interference. But, of course, he jumped at the chance to push his HUGE government agenda by taxing us to death. Please don't tell me you won't pay any taxes. How in the heck do you think trillions of dollars of debt will be repaid..... and no, it won't be those mean old "rich" people everyone loves to hate and it won't be the big businesses Obama wants you to hate, it will be YOU and me..... business will just pass their increased tax load onto us!! Way to go Obama!!
And the economy isn't already gasping its
So is theft of the economy! nm
xx
why can't the economy be first and we have the debate...
after it is fixed. Why does the debate HAVE to be on Friday?
I have learned so much about the economy over...sm
the last week but it has only made me see how much more I don't know. Pretty scary! We are all at the mercy of those in Washington and on Wall Street. Plenty of blame to go around but blame will not get us out of this mess.
The candidate who ran from the economy...
Obama voted for the bailout and that is ALL he did. That is not running from it? He still wants to spend trillions, won't say he is willing to cut spending, and wants to RAISE taxes in an economic downturn. You can't turn around the markets by raising taxes on corporations and the so-called "rich." Common sense should tell you that.
McCain has run from nothing. All Obama does is repeat the same old vagaries and NEVER gets specific about anything, but why should he? You obviously don't care. lol.
The OP is talking about the economy. nm
z
Not as compelling as the economy.
x
In a McCain economy, you will be
su
Who has been in charge of the economy for the
Democrats own congress....... they are the ones responsible for the complete mess of this economy. But because there is a republican president, the republicans get the blame.
Republican president really can't get anything done with an all democrat congress.
He is going to do that by destroying the economy...
of Pennsylvania, West Virginia, Virginia, Ohio...making us all pay higher utility bills? What are his proposals? He doesn't want coal. He doesn't want nuclear. We CAN'T do it with windmills, not all of it, even T. Boone Pickens will tell you that.
Nuclear energy and building plants WOULD bring thousands of new jobs.
Sorry...his energy plans make NO sense to me, nor where he is going to get the billions, in this economy, to put his ideas into action.
He is already preparing the speech where he tells his faithful he can't do a lot of what he said he would do.
Snake oil salesman.
You are for, then....destroying the economy of...
the coal producing states and skyrocketing our electric bills...THIS on top of everything else, and he still looks GOOD to you? Amazing. lol.
Yes, and the economy with still stink. O will put us
nm
how is it going right back into the economy?
and WHO is it benefiting?
and one more thing... if this was McCain's inauguration, you would have no problem with the amount being spent either?
come on, be honest now
What would you undertake to fix the economy?.
Any better idea?
If you criticize, you have to come up with a better alternative.
fixing the economy...
I hope that by the time these projects are over, the economy will be better and the companies will therefore have new projects to move on to. The money that these jobs generate in taxes and in spending will spur more movement forward and we can hopefully start getting back on track.
Would that not stimulate the economy? sm
Think about it. If a person has a mortgage payment of say $500 a month (or any figure, really) and the government wrote a check for, say, $50K to that individual and it would pay off their house, would that not free up that $500 to be spent in other ways that would stimulate the economy?
People who are struggling to make their house payment, regardless of the reason, are still consumers and those consumers would be able to put more money back into the economy if they didn't have a mortgage payment. Isn't that the whole idea? To get more people spending more money so that more jobs would be created and so that our economy would grow?
Economy notice
Economy Notice
Due to recent budget cuts and the cost of electricity,
gas and oil, as well as current market conditions and
the continued decline of the U.S. economy,
The Light at the End of the Tunnel has been turned off.
We apologize for the inconvenience.
So much for fixing our economy
Mr. President. This is the biggest problem I have with Barrack Obama. He is all about implementing his personal agenda and making us all dependent on government while it grows bigger and bigger that he doesn't stop to think about the consequences that these actions will have on our already horrible economy. All he talks about are the jobs he has created or saved and I'm sorry.....but I don't see that from where I'm sitting. I see people all around me losing jobs or about to lose jobs and cap and trade will most definitely cause more job loss.
Let our economy fix itself, Mr. President, and then we can talk about your personal agenda. Any person who wants to raise taxes during a recession is a complete and utter moron. Obama is doing nothing but hurting the middle class....which is the class he professed to want to help so badly.
I have no doubt that Obama is smart or he wouldn't be where he is at. However, I think he lacks the experience to be our president. I personally feel that any person wanting to be president of the US should be required to have run or owned a business in the past.
I tell ya what....come 2012....I'm seriously going to be looking outside the box for our next president. Not only will I thoroughly check out the pub and dem candidate but I'm going to check out the indepedents a lot more than I ever have in the past. I think it is about time we show the two parties that they both suck and we have decided to go against both of them. Maybe that will wake them up because this going back and forth between pub and crat hasn't done us much good here lately.
cant have an economy without a healthy land
Frankly, you cant have an economy, if you have no livable land or healthy people. First and foremost is the land and it's people and animals. Without all of that, we will not have an economy. Funny how other industrialized countries are signing on..you know the countries who take care of their citizens with health care, paid maternity leave, paid vacation time..The caring countries..not the capitalistic class divided society of America. OMG, just in New Orleans now you can see who are the fortunate ones versus the unfortunate ones. The minorities are mostly all the unfortunate ones cause they could not afford to get out of town. They are the ones hurting and rebelling. This is the picture of America today. The *haves* and *have nots* and Bush continues to give to the *haves* and do nothing for the *have nots*.
Economy 1st issue, Terrorism last sm
What is wrong with this country? What good will money do us when our country is attacked? There is nothing like one who has walked the walk to guide us. I am thinking of my family first, it won't matter how well off we are if we are not a "free" nation. McCain knows what evil is, he lived it.
Romney certainly has the background as far as the economy....
I kinda thought Obama was going to pick Biden, because Biden protested way too much...lol. But I really have NO idea where McCain is going. They have guarded it well.
With the onset of a global economy........sm
it might not be such a stretch of the imagination. Our cpl is dropping rapidly, if not for transcribed lines, then surely with ASR. With the quality of the ASR I have seen lately, I pretty much have to transcribe from scratch a good percentage of reports I get. This brings my overall cpl way below what I was hired to transcribe for.
Interesting view on the economy...
George Bush has been in office for 7 1/2 years. The first six the economy was fine.
A little over one year ago:
- Consumer confidence stood at a 2 1/2 year high;
- Regular gasoline sold for $2.19 a gallon;
- The unemployment rate was 4.5%;
- The DOW JONES hit a record high — 14,000+;
- American’s were buying new cars, taking cruises, and vacations overseas, living large!
But Americans wanted CHANGE! So, in 2006 they voted in a Democratic Congress & yep — we got CHANGE all right.
In the PAST YEAR:
- Consumer confidence has plummeted;
- Gasoline hovers near $4 a gallon;
- Unemployment is up to 5% (a 10% increase);
- Americans have seen their home equity drop by $12 TRILLION DOLLARS & prices are still dropping;
- 1% of American homes are in foreclosure;
- As I write, the DOW is playing around 11,500. $2.5 TRILLION DOLLARS HAS EVAPORATED FROM OUR STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS!
Yes, in 2006 America voted for change. And we sure got it. Now Barack Obama, the Democratic candidate for president, claims he’s really going to give us change.
How much more CHANGE do you think we can stand?
First 6 years, economy was great too. Then,
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Why did the economy spiral downward after the
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Yeah, and the economy has plummeted since
nm
You see crime being a result of economy, but I see
economy, war, health care nm
nm
So, you don't equate Obama with economy?
xx
but, seriously, it is an indication of our economy & how it affects EVERYONE. nm
x
Of course, an economy that CREATES jobs, instead
just take care of a lot of that welfare abuse. There should be more OPPORTUNITIES, and fewer loopholes.
Economy was great his first 6 years. Then, the
nm
If you are concerned about the "global" economy...
you have not been paying much attention to Barack "I am a citizen of the world" Obama. You have bought the socialism mantra hook, line, and sinker. It is all "big business' fault." Actually, it is Democrats taxing business into oblivion that helped force them offshore. But I realize your mind is closed to that...does not make it less true. It is not offshoring that makes cars more expensive...it is out of control labor unions, who, go figure, want Obama elected. When labor unions get their sweetheart contracts, the company has to raise prices on cars to make a living...and who gets shafted? Yeah, us.
You think it is fair to tax businesses who employ folks more and turn that into a check for people who will not get out and work for a living like the rest of us. I guess you think they owe you something. I don't think they owe me anything. If you were one of those people who owed a small business, you would be barking up a very different tree.
I would hate to think I was voting for someone who was for punishing hard work and rewarding the opposite. Handouts do NOT incentivize people to get out of the lower income classes. It incentivizes them to STAY there and let the government take care of them. Pretty soon you have only the well off at one end and the low income at the other end...and the middle class disappears forever. Hello socialism 101. They now have ya just where they want ya. Yeah change....
Democrats killed our economy when they took
nm
It is just common sense that the economy has to ...sm
come first before any big changes are made. When change is made it needs to be slow and deliberate.
I took that as Peggy feels the economy is going to
to finally not to worry about how she will put gas in her car and how she will pay her mortage. I highly doubt Peggy is looking for a free ride. She's looking for an answer.
Again, this is all left up to interpretation of how you feel about Peggy's comment. Typical pubs will bash Peggy because they think they'll have to pay Peggy's mortgage, which is wrong.
There are already programs in place, i.e., welfare, section 8 housing, etc. Why does the government helping those in need surprise everyone at this point? I'll tell you why because the republicans have managed to smear Obama's plan and that's all they've got. The same old plans of Bush is what they have; that's it. Oh, wait they Governor Palin; yeah she's intelligent enough to fix anything with her overspending and "fixing of the books."
I don't think the good 'ole USA needs more "fixed books" to suit the suits. I'm off my soapbox now I guess.
I can't believe how many people on here honestly believe that Barack Obama is going to just let people have free gas and free homes. That's absurd.  That doesn't grow the economy.
Don't worry. If the economy keeps doing downhill...
such that it can be called a "catastrophe" by directive 51 (which would be Bush's decision by the way), you won't have to worry about Obama's tax returns. The only thing you will need to do is learn how to say "Heil Bush."
No, They are willing to risk it to "save the economy"
nm
Don't try to blame the economy on Obama.
The blame for that lies squarely on the shoulders of the so-called "legitimate" President Bush, who continues to make sure that he and his buds on Wall Street squeeze every penny from middle-class and lower-middle-class people.
As I write this, Bush is in a frenzy, changing laws in order to make Obama's job harder and American lives LESS safe. (See article below.) So there's a LOT of harm that Bush has caused that needs to be undone by President Obama, assuming that Obama can find all of it, considering secret signing statements, etc. that Bush has used to thumb his nose at Congress for the last eight years. The economy is probably the biggest problem at the moment, and that's a gift TO Obama and the American people FROM Bush and his Wall Street BFFs.
Bush aides push for rule to hamper worker health protections
11/29/2008 @ 6:59 pm
Filed by RAW STORY
Bush administration aides are rushing to pass a safety rule which would make government regulation of workers' exposure to toxic chemicals more difficult; a rule President-elect Barack Obama opposes.
Public health officials worry the decreased protections will result in additional, unnecessary deaths.
It is just one of about 20 controversial Labor Department proposals being pushed by large business interests, according to a published report.
Other proposals would allow power plants to be built closer to parks and wildlife preserves, and further limit the role of environmental and animal experts in determining where major infrastructure projects may be carried out.
President-elect Obama has long been critical of the Bush administration's removal of workplace protections. During the campaign, Obama co-sponsored legislation which would prohibit this specific deregulation.
While presidents have the authority to unilaterally repeal their predecessor's executive orders, the process to remove or add regulations is more complicated and takes longer. Obama has already undertaken a review of President Bush's executive orders, with the stated goal being the repeal of those he deems to be unconstitutional.
"I think across the board, on stem cell research, on a number of areas, you see the Bush administration even today moving aggressively to do things that I think are probably not in the interest of the country," said John Podesta, co-chair of Obama's transition team. "I think that’’s a mistake."
Not exactly. Economy was doing great. Dems took
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