Comments on: The Economy is Horrible?

By: anjin-san

anjin-san — Thu, 09 Mar 2006 07:17:12 +0000

Umm, who exactly said the economy is "horrible"? Are we actually pointing a finger here or is this just hyperbole? This seems like an attempt to rebuke the Democrats for saying something they did not actually say.

How about an example of somebody actually making unfounded claims about the state of the economy?

By: just me

just me — Wed, 08 Mar 2006 22:01:02 +0000

The rural unemployment numbers are interesting.

Illegal immigration aside, I do think that often the plight of rural poor and rural education are ignored (and I don't mean in the The Federal Government should send more money and save the day ignored), but when you see stories about poor people, or poor education, it is usually a city the story focus' on, they don't go out into podunk rural town to do the story.

By: MrGone

MrGone — Wed, 08 Mar 2006 15:24:13 +0000

I think before we start talking about how good/bad things are, you might want to take a look at the recently released GAO report on FY2004/2005. It's pretty frightening!

http://www.gao.gov/financial/fy2005/05gao1.pdf

The bottom line is that the deficit was 750B in 2005! This includes the fact that the government continue to use SS and medicare as revenue. Remember how Gore talked about the "lock box" and all the conservatives laughed at him? He was right!

One of the scariest items was the US fiscal exposure. This is not the present cash value of the national debt but that plus SS and MC etc. That number has increased from 20 TRILLION in 2000 to 46 TRILLION in 2005! I can't even get my head around that one.

"Continuing on this this unsustainable path will gradually erode, if not suddenly damage, our economy, our standard of living, and ultimately our national security."

Please take a moment to read it. Changing this government's path may be the most important thing we ever do!

By: Jack Ehrlich

Jack Ehrlich — Wed, 08 Mar 2006 13:22:43 +0000

Sounds like Poly got caught up in the bursting bubble of the dot coms. Same thing happened to Capone. Prohibition ended and his organization had to find a different means to make their money. Some guys took a pay cut. Guys that made booze had to find something else to do. Hits didn't cost as much.

By: Poly

Poly — Wed, 08 Mar 2006 11:57:31 +0000

Back in 200-2001 when everthing was taking a huge dive, I was laid off. I had to take nearly $30,000 a year pay cut to stay in my field and stay working, albeit at a different company.
Although I'm employed, I am spending way less. I doubt I'm alone in this scenario.
Companies seem to pay less for more with employees now. This is certainly affecting the economy.

By: » Gone Hollywood

» Gone Hollywood — Wed, 31 Dec 1969 18:00:00 +0000

Bloggers, Flacks, and Media Ethics Redux Administration Skips Bush Bash Fest Auto Flush Toilets: The Crappiest Invention of All Time? Michael Jackson, African Americans, and Islam Tom DeLay Wins Texas PrimaryThe Economy is Horrible? Congress Renews Patriot Act; Bush to Sign Beltway Traffic Jam Deregulation Hits Montana

By: » OTB News

» OTB News — Wed, 31 Dec 1969 18:00:00 +0000

OTB Tom DeLay Wins Texas PrimaryThe Economy is Horrible? Congress Renews Patriot Act; Bush to Sign Beltway Traffic Jam Deregulation Hits Montana Barry Bonds Started Steroids after McGwire-Sosa Chase Do the Democrats Have a Plan? Iraqi Civil War? An Update