You see crime being a result of economy, but I see
Posted By: economy as a result of crime. nm on 2008-09-13
In Reply to: your world is not mine - if you cannot get jobs or they are being lost, - MTPockets
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final result
I think pretty much this debate was McCain's best hope. His strength, according to most, is foreign policy. I thought that all O really needed to do was avoid being seen as weak on foreign affairs. He more than lived up to that. The clear frontrunner is O. This debate did not change that. The next two pres debates will show O's strengths and Mc weaknesses. The Sarah/Joe debate is going to be high theatre. I am so looking forward to that one.
Another point. I don't get all misty when Mc tells his bracelet/POW stories. I think they are blatant attempts at pulling emotional strings and I cringe when anyone, anywhere tries to manipulate me. I am saying he uses stories for his benefit instead of feeling them. So as far as I am concerned they backfire.
I'm on the page, I'm looking at the result
http://www.gallup.com/Home.aspx
OP said Likely voters 49/47. That's what it states. You can decide to pick and choose which ones you want, but drudge said of likely voters 49/47. That is what OP said. Also OP said "for anyone who believes in polls". The dems are all are so he!! bent on choosing only what benefits Obama. This poll still benefits Obama so what's the problem. Yes you can still site the other two which are not a true representation but they are 49/43 and 51/45. You are still only talking about a 6 point lead. That is not a heck of a large lead to claim victory. When there are still about 3 weeks to go.
Man I hope McCain wins then I'll come back and listen to you all whine. The race is not over yet. If Obama wins I will not be happy, but I will come on and admit I was wrong, but if McCain wins prepare for the other.
The top result on google for miserable.
First it was 'Failure', and now it's 'Miserable' search google for it.
http://www.google.com/search?hl=en&q=miserable&btnG=Google+Search
The inevitable end result of socialism...
dictatroship. Historically it has happened time and time and time again. What is dictatorship if not altering the constitution to re-elect yourself for life, centralizing all power in yourself...yada yada. At least some Venezuelans realized it before it was too late. If he loses the referendum they could be looking at civil war as well.
A child concieved as a result of rape..........sm
is still half the mother's. Half her blood, half her genes, half her family history. The rapist can only have as much control over the victim after the fact as she allows. To murder a child just because it was conceived in such a manner reduces the mother to the level of the rapist.
Gun ban in UK - crime went up...
nm
I never said that he committed a crime...
nor did I ever say I found him personally offensive. I do not believe that he will make a good president because I disagree with his stance on most of the issues that I find important. I also believe that he made a lot of promises that he can never keep because he does not have that power. Personally, I am not all that into the birth certificate thing because I think he probably is a natural born citizen. I find it hard to believe that he would have made it this far were he not. Why is it okay for people to dislike Bush, but I MUST like Obama?
Please explain that crime
nm
Of course! O prevents crime
On the other hand, if there had been MORE crime, it would have been blamed on Bush, or possibly Palin.
potentially a crime?
13 firms receiving federal bailout owe back taxes
By STEPHEN OHLEMACHER, Associated Press Writer Stephen Ohlemacher, Associated Press Writer – 59 mins ago
States Attorney General Eric Holder, left, shares a moment with Rep. John Lewis, D-Ga., prior …
WASHINGTON – At least 13 firms receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said Thursday.
Rep. John Lewis, D-Ga., chairman of a House subcommittee overseeing the federal bailout, said two firms owe more than $100 million apiece.
"This is shameful. It is a disgrace," said Lewis. "We are going to get to the bottom of what is going on here."
The House Ways and Means subcommittee on oversight discovered the unpaid taxes in a review of tax records from 23 of the firms receiving the most money, Lewis said as he opened a hearing on the issue.
The committee said it could not legally release the names of the companies owing taxes. It said one recipient had almost $113 million in unpaid federal income taxes from 2005 and 2006. A second recipient owed almost $102 million dating to before 2004. Another was behind $1.1 million in federal income taxes and $223,000 in federal employment taxes.
"If we looked at all 470 recipients, how much would they owe?" Lewis asked.
Lewis said the panel plans to review tax records from other firms receiving federal money, but he was unsure if it would look at every firm.
"We're not done," he said.
Banks and other firms receiving federal money were required to sign contracts stating they had no unpaid taxes, Lewis said. But he said the Treasury Department did not ask them to turn over their tax records.
Neil Barofsky, special inspector general for the Troubled Asset Relief Program, told the hearing that if an executive signed a contract knowing that information about unpaid taxes was false, "that would potentially be a crime." He said his office will look to see if crimes were committed.
No one from the Treasury Department appeared at Thursday's hearing. Lewis said he asked Treasury officials for a private briefing on their efforts to uncover unpaid taxes, as well as someone to testify at Thursday's hearing.
"They said no one was available," Lewis said in an interview.
Treasury Secretary Timothy Geithner is already under fire on Capitol Hill for not preventing $165 million in bonuses from being paid to employees at troubled insurance giant AIG.
People will ask, said Rep. Artur Davis, D-Ala., why there are "large companies getting taxpayer dollars, making false representations, and we can't even name them, much less make them pay the money back, much less prosecute them."
Davis continued: "Will they get their day on a billboard, hopefully?"
"Absolutely," said Barofsky. If someone lied, he said, "They need to be prosecuted."
The revelation is sure to spark outrage on Capitol Hill, where the House is expected to vote Thursday on a bill that would impose steep taxes on employee bonuses at AIG and other firms that have received bailout money.
To date, the Troubled Asset Relief Program, or TARP, has paid out more than $300 billion to private companies, with billions more on the way.
Don't do the crime if you can't do the time!
x
But it's never a hate crime....
....when a black person attacks a white person? Believe me, there are people of every race who hate one race or another for some stupid reason. Don't quote me on this but I think the Chinese are embarrassed and angered if mistaken for Koreans.
We are all God's people. It's a shame.
Obama will be a one termer, not because of an assassination, because in under six months he's managed to anger many folks including the Jews and gays. Broken promises and lies. People believed he would pay their mortgages and gas. Unbelievable. Obama voters are getting their wakeup call. Wow. Even I thought it would take longer than this.
Guess Who's Soft on Crime...sm
Guess Who's Soft on Crime
Our system of “justice” has descended so far into routine thuggishness that even the blogosphere seems to have let this horror pass unnoticed. Sure, it’s only Texas, but still …
A crooked cop named Tom Coleman was hired in 1998 to conduct a drug investigation in Tulia, Texas, which he did by inventing evidence against 39 innocent men and women, almost all black. Most of the victims were jailed on the sole basis of Coleman’s lies, for terms ranging up to 90 years. When this vicious scheme finally fell apart, the governor pardoned 33 of Coleman’s victims, who won a settlement of $6 million. The badge-carrying perp was tried and convicted for perjury, a crime carrying a maximum sentence of ten years in Texas. A judge called him “the most devious, nonresponsive law enforcement witness this court has witnessed in 25 years on the bench in Texas.” Which, in Texas, we may presume is going some.
So a jury of twelve good men and true — none of them black — found this vicious, corrupt rogue cop guilty of what one judge had called “blatant perjury.” And the jurors threw the book at him, recommending seven whole years on probation. This sounded about right to the trial judge, who is expected to slap Coleman’s wrist really, really hard at the sentencing Tuesday.
She's committing a federal crime
Nofify the Federal Marshalls and they'll bust her. I lived down the street from a girl doing that and she went to federal prison!
Rigging Elections is a Crime
The McCain/Palin GOP is already in the process of stealing the Ohio vote, as was done in 2004. Among those at the center of the GOP strategy is Bush Family computer operative Michael Connell, who programmed the key vote counting mechanisms that were used to give George W. Bush his second term.
ttp://www.truthout.org/article/ten-ways-gop-is-now-stealing-ohio-vote
Oh well don't you know it's not a hate crime when it's against a woman
Only race, religion, etc. No, not a hate crime when it's against a woman... unbelievably, but that's the country we live in. And it's the same reason everything went down the way it did in the primaries, and now in this election.
Do you also blame victims of crime and
inciting the crimes perpetrated against them. Yours is truly an ignorant, ignorant statement.
OMG. Fine...go look at the crime statistics.
nm
Like someone else asked, BB, explain the crime
nm
Oh, c'mon... the low crime was not only related to - s/msg
the HUGE police/secret service presence that was obviously there, but mainly to the mood. It's the first good news that everyday people in the US have had in a long, long time. It was just one day out of many, where people enjoyed the moment, the hope, the inauguration itself, the promise of the new administration, and a feel-good moment. We all know the glow won't last forever, but why not bask in it and enjoy a great moment in history. Even if you voted for the other candidate, you still have to admit that it was a truly great day for African Americans and ALL Americans to see democracy work right for a change, instead of being fixed and rigged. It was truly a magical day that many in this country, Repub or Dem, will remember for a lifetime.
Why did the Kennedy's have ties to organized crime?
Why was the Texas Democratic party of Lyndon Johnson horribly corrupt?
Why was Lyndon Johnson's election to the senate in 1948 won by massive voter fraud?
Why did Lyndon Johnson insert language into the IRS code in 1954 that prohibited non-profits, including churches, from endorsing or opposing candidates for political office. In effect, this thoroughly corrupt man used the power of the IRS to silence his opposition. Unfortunately, it worked. Why? His disservice to religious freedom has yet to be undone. Why?
How did Kennedy defeat Nixon in Illinois?
Just rhetorical questions.
Yes, you skirted the issue. He DID commit a crime.
Yep, we agree to disgree. Him lying under oath was totally on HIM, and THAT is the real issue. He could have told the truth at any time and avoided the impeachment hearings and the whole thing. He could have taken the wind out of any investigation, if he had just told the truth. It would have gone away. If sex with a 21-year-old girl in the White House where he and his wife and daughter lived was no big deal, why did he just not own up to it? Because he is a coward and morally bankrupt would be my guess. For whatever reason, he chose not to. No one twisted his arm behind his back and made him perjure himself. He did that all by his lonesome. While I find what he did with Monica Lewinsky tasteless at a minimum, and stupid at a maximum, that is not the most objectionable thing I find about him. The fact that he committed a felony, something you or I would go to jail for and there are people in jail for today...sorry, you defend him if you like, and continue to give him a pass. That is the part of the value system, his and his party's, that baffles me.
Dual citizenship is not a crime. It's a privilege.
Repeat one GOOD reason?
Agreed. It's abuse of power AND a crime
nm
Did everyone see the post below about the UK's gun ban and crime rate rising? sm
http://news.bbc.co.uk/1/hi/uk/1440764.stm
Use of gun-related crime increased 40% during the gun ban and smuggling of guns was rampant, along with people turning every possible object into a gun. Not the answer obviously.
those boys were not charged with a racist crime -
they were charged with burglary, disorderly conduct, and theft.
According to what I read, they cannot be charged with a hate crime because Obama is a political figure and therefore it would be considered a "free speech" issue and not a hate crime. If he were an everyday citizen, then he could be charged with a hate crime.
Either way, for Palin and Obama, it was repulsive to me!
I must be misreading the Hate Crime Bill
Nothing I've read says that any of the things that are crimes now (such as pedophilia) will be considered any less of a crime...pedophilia is still an arrestable offense. My interpretation of what I've read is that the only thing this bill does is expand the group of people who it is okay to assault/kill simply based on their lifestyle changes. In other words, you can't kill someone just because they're gay, Buddhist, Belgian, short, or ugly. It doesn't decriminalize any behavior to my reading. That concept seems to be a figment of somebody's imagination, and much like the game of telephone we played as small children, the actual facts of the bill have gotten more twisted with each telling.
A hate crime occurs at least once every hour in the
Wasn't this predicted recently?
http://www.google.com/hostednews/afp/article/ALeqM5gvUetkOxJwgY0GbCxg1_f75A1CqA
It's not a crime to state your religious views in public.
We don't have to keep it in our homes or our churches. Freedom of religion covers that too!
I can't bring myself to conclude that Bush had a hand in the crime...sm
I think his office new an attack was coming and did not inform the public.
There are also some very interesting findings such as the insurance policy taken out on the WTC with a terrorism provision only a few weeks before the attack. There were other actions that were taken by our government in the months preceeding the attacks that do not add up to it being a surprise attack.
We'll discuss that crime when Bush et al are done with their trial.
nm
New Mexico, Arizona Declare Border Emergencies to Fight Crime
What a shame that these two governors had to declare states of emergency simply because we have at president who knows that this problem exists but just doesn’t care enough about preventing another 9/11 to do anything about it.
From: http://www.bloomberg.com/apps/news?pid=10000086&sid=akXph_LySDzs&refer=latin_america#
New Mexico, Arizona Declare Border Emergencies to Fight Crime
Aug. 17 (Bloomberg) -- New Mexico and Arizona governors declared states of emergency for their borders with Mexico, pledging to increase funding to stop the rise in drug smuggling and violence by illegal immigrants.
New Mexico's Bill Richardson and Arizona's Janet Napolitano blamed a lack of money from the federal government that has left the borders and their residents unprotected by U.S. patrols.
``Governor Richardson was asked to take this action by local law enforcement and ranch families.'' Billy Sparks, Richardson's chief of staff, said in a phone interview today.
The declarations were made Friday by Richardson, 47, and yesterday by Napolitano, 47. Richardson, who has been named a possible 2008 presidential candidate, said in a press release there has been ``total inaction and lack of resources from the federal government.''
The escalation in violence during the past month, including gunshots fired at Columbus, New Mexico, police chief Clare May, the attempted kidnapping of three girls and the deaths of 100 cattle along New Mexico's 180-mile border with Mexico prompted Richardson to declare the emergency, Sparks said.
The declaration makes $750,000 of state funding available in affected counties. Richardson pledged to make an additional $1 million available. The money will be used to increase local law enforcement, open a new homeland security office in the border region and help build a fence to protect livestock near Columbus.
Fences, Neighbors
Unlike some border areas in the U.S., landowners in New Mexico maintain their own fences to keep illegal immigrants off their property. In one case a landowner's entire fence was stolen, Sparks said. The U.S. Border Patrol has 109 workers for 200 miles from El Paso, Texas, across New Mexico to Arizona, said Sparks. That is expected to increase by 75 in October.
Napolitano's order makes $1.5 million available to fight crime along the border, according to her press release.
``I intend to take every action feasible to stem the tide of criminal behavior on the Arizona side of the border,'' she said.
The number of unauthorized immigrants entering the U.S. each year rose to more than 700,000 in 2004 from 140,000 in the 1980s, according to the Arizona declaration.
Questions about the security of the U.S. border with Mexico have risen since the Sept. 11, 2001, attacks as officials have tried to limit movement into the U.S. of potential terrorists along with the illegal immigrants and drug smugglers. Immigration restrictions have forced more illegal crossings over landowner- built fences in Arizona and New Mexico.
The border emergency declarations were reported earlier today by the New York Times.
Numbers Jump
So far in the fiscal year that began in October, agents in the Yuma, Arizona, sector of the U.S. border patrol have captured 122,344 illegal immigrants, said Michael Gramley, spokesman for the sector. The previous record was 108,000 in 2000. The Yuma sector covers 126 miles of border in Arizona and California.
``We're taking greater strides toward reaching a higher level of border security,'' said Gramley, in a phone interview. ``The border patrol values any assistance that we receive from state, local and tribal law enforcement agencies.''
Federal officials said they have been making progress in increasing border security.
``Extraordinary progress has been made over the last couple of years as far as strengthening our borders,'' said Jarrod Agen, spokesman for the U.S. Department of Homeland Security. He declined to comment on the state of emergency in Arizona and New Mexico. ``It's the authority of the governors there.''
Both governors called on authorities in Mexico to increase security on their sides of the border, the press releases said.
Mexico's Response
Mexico's Ministry of Foreign Affairs said in a statement yesterday that it had agreed after meeting with Napolitano to support her actions and work to reduce crime on its side of the border. The ministry blamed organized crime for the border problems.
``On that side and on this side there's organized crime,'' Mexican President Vicente Fox said in an interview with reporters during a visit to the northern border state of Sonora yesterday. ``On that side and this side there's drug consumption. The question is how do all the drugs that cross over there reach the consumer markets? What's being done on that side?''
Texas Governor Rick Perry, 55 doesn't plan to declare an emergency because he believes protecting the U.S. border is the federal government's responsibility, said Robert Black, Perry's spokesman, in a phone interview. Texas's 1,200-mile border with Mexico is the longest of any U.S. state with a foreign country.
``The governor had said that you can't have homeland security without the federal government,'' said Black. ``The feds can't avoid their responsibility to the states.'' To contact the reporter on this story:
Darrell Preston in Dallas at dpreston@bloomberg.net.
Last Updated: August 17, 2005 14:52 EDT
Obama is letting them drop charges against terrorists for this horrible sick crime???
What orifice did you pull this out of?
*Compassionate Conservative* Bill Bennett: Abort every black baby, reduce crime.
William Bennett Defends Comment on Abortion and Crime
'Book of Virtues' Author Says Hypothetical Remark Was Valid
By JAKE TAPPER
- After pondering on his radio program how aborting every black infant in America would affect crime rates, best-selling author and self-styled Values Czar Bill Bennett is vehemently denying he is a racist and defending his willingness to speak publicly about race and crime.
On the Wednesday edition of his radio show, Bill Bennett's Morning in America, syndicated by Salem Radio Network, a caller raised the theory that Social Security is in danger of becoming insolvent because legalized abortion has reduced the number of tax-paying citizens. Bennett said economic arguments should never be employed in discussions of moral issues.
If it were your sole purpose to reduce crime, Bennett said, You could abort every black baby in this country, and your crime rate would go down.
That would be an impossible, ridiculous and morally reprehensible thing to do, but your crime rate would go down, he added.
Outrage From Democrats
Bennett was secretary of education for President Ronald Reagan and is considered one of the Republican Party's big brains. But this week Democrats and some Republicans seemed to also question if Bennett's mouth is of size as well.
Democrats expressed outrage, ranging from demands for an apology to requests that the Federal Communications Commission suspend Bennett's show.
Republicans, Democrats and all Americans of good will should denounce this statement, should distance themselves from Mr. Bennett, said Rep. Jesse Jackson, Jr., D-Ill. And the private sector should not support Mr. Bennett's radio show or his comments on the air.
I'm not even going to comment on something that disgusting, said Sen. Patrick Leahy, D-Vt. Really, I'm thinking of my black grandchild and I'm going to hold (off).
'Things That People Are Thinking'
In an interview with ABC News, Bennett said that anyone who knows him knows he isn't racist. He said he was merely extrapolating from the best-selling book Freakonomics, which posits the hypothesis that falling crimes rates are related to increased abortion rates decades ago. It would have worked for, you know, single-parent moms; it would have worked for male babies, black babies, Bennett said. So why immediately bring up race when discussing crime rates? There was a lot of discussion about race and crime in New Orleans, Bennett said. There was discussion – a lot of it wrong – but nevertheless, media jumping on stories about looting and shooting and gangs and roving gangs and so on.
There's no question this is on our minds, Bennett said. What I do on our show is talk about things that people are thinking … we don't hesitate to talk about things that are touchy.
Bennett said, I'm sorry if people are hurt, I really am. But we can't say this is an area of American life (and) public policy that we're not allowed to talk about – race and crime.
Robert George, an African-American, Republican editorial writer for the New York Post, agrees that Bennett's comments were not meant as racist. But he worries they feed into stereotypes of Republicans as insensitive. His overall point about not making broad sociological claims and so forth, that was a legitimate point, George said. But it seems to me someone with Bennett's intelligence … should know better the impact of his words and sort of thinking these things through before he speaks.
The blunt-spoken Bennett has ruffled feathers before, most recently in 2003 for revelations that despite his best-selling books about virtue and values, he is a high-rolling preferred customer at Las Vegas and Atlantic City casinos.
In light of accusations that the Bush administration should have been more sensitive to black victims of Hurricane Katrina, a Republican official told ABC News that Bennett's comments were probably as poorly timed as they were politically incorrect.
ABC News' Avery Miller, Karen Travers and Toni L. Wilson contributed to this report.
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
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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
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Not as compelling as the economy.
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In a McCain economy, you will be
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