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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?


To: tonto who wrote (87288)11/25/2007 10:31:17 AM
From: sea_biscuit  Read Replies (2) | Respond to of 93284
 
We are already in a recession. GDP and inflation statistics are being manipulated to say that we are not in one. Already, polls show people realize that. Soon, it will be obvious to everyone that we are in recession. And the folks at the Fed, BLS etc. will look like Baghdad Bob!



To: tonto who wrote (87288)11/25/2007 10:38:35 AM
From: sea_biscuit  Read Replies (2) | Respond to of 93284
 
WASHINGTON (Reuters) - The U.S. economic mood took a sharp turn for the worse over the past month, with 40 percent of Americans expecting a recession in the next year, according to a Reuters/Zogby poll released on Wednesday.

That was a big rise from a month earlier, when 31 percent of the likely voters polled predicted a recession. The darker mood came as mounting concerns about housing and credit markets pounded Wall Street, and oil prices approached $100 per barrel.

"We've had three months now of hammering about an upcoming recession," pollster John Zogby said. "It's clear that voters have internalized that, and they don't have any reason to feel that the government is up to the task."

The poll showed that nearly two in three thought the United States was on the wrong track, and only about a quarter of those polled gave U.S. economic policy high marks.