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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (115960)	9/19/2007 2:47:36 PM
From: T L Comiskey	Respond to of 361438

AP Housing Slump May Produce a Recession Wednesday September 19, 12:57 pm ET By Alan Zibel, AP Business Writer Economist: Housing Downturn Raises 'Significant Risk' of a Recession WASHINGTON (AP) -- An economist who has long predicted this decade's housing market bubble would deflate said the residential real estate downturn could spiral into "the most severe since the Great Depression" and could lead to a recession. Yale University economist Robert Shiller's written comments to lawmakers came a day after the Federal Reserve responded to credit market turmoil by slashing the target federal funds rate by a half point to 4.75 percent. Shiller, in testimony prepared for a hearing of the Joint Economic Committee said the loss of a boom mentality among the public may bring on a drop in consumer confidence that poses a "significant risk" of a recession within the next year. Meanwhile, Peter Orszag, director of the Congressional Budget Office, gave a more tempered forecast, saying that financial market turmoil and weakened consumer confidence pose economic threats but are not likely to send the economy into a recession. A hypothetical 20 percent drop in home prices over two years would reduce U.S. economic growth by one half of a percentage point annually to 1 1/2 percentage points annually after three years, the Congressional Budget Office calculates. "The risk of recession is elevated but the most likely scenario at this point seems to be continued economic growth," Orszag said.

To: Travis_Bickle who wrote (115960)	9/19/2007 2:47:50 PM
From: SARMAN	Read Replies (2) \| Respond to of 361438

They inflicted bush on me, I'm going to inflict hillary on them. ROFL, revenge is sweet.

To: Travis_Bickle who wrote (115960)	9/19/2007 2:54:29 PM
From: SiouxPal	Respond to of 361438

Now that's The Post 'O The Day! That's what I'm sayin'.

To: Travis_Bickle who wrote (115960)	9/19/2007 3:03:10 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 361438

I deserve a reward, not a payback. An eye 4 an eye, and, pretty soon, we are all blind.

To: Travis_Bickle who wrote (115960)	9/19/2007 4:04:43 PM
From: Shawn M. Downey	Read Replies (1) \| Respond to of 361438

I'm more interested in payback than in saving the world. They inflicted bush on me, I'm going to inflict hillary on them. Hillery is not a Liberal. And frankly, Bill left a lot to be desired. We could have done so much more during those 8 years. I am sick of compromising. If you care about this country, please, do everything you can in the primaries to put forth a liberal, progressive, Democrat.

To: Travis_Bickle who wrote (115960)	9/19/2007 4:23:00 PM
From: Ron	Respond to of 361438

I've been using this line on some Republicans, it drives them crazy. Hillary is going to be our next president. And it is the fault of you Republicans. You guys screwed up so badly, and elected that evil idiot of a President and VP, and an incompetent congress of GOP dunces, that the country is reflexively going to elect a Democrat. And Hillary has the lead, so hope you enjoy her. They hate this. I think one was seriously thinking about jumping in front of an oil truck, but thought better of it. I personally think Hillary is Republican-lite, but I'd still take her to any of the feeble imitations of statesmen the Publicans are putting up at this point, except maybe for Ron Paul, and he ain't gonna get it.