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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (103456)	2/7/2009 5:43:15 PM
From: Sam	Read Replies (1) \| Respond to of 541978

As if life three years ago was never ending joy ... people were suffering then too, except nobody noticed them cause the media was focused more on foreign affairs than domestic difficulties, or they were focused on a particular part of the nation (I'm looking at you, New Orleans!) rather than noticing the economy wasn't near as strong as a lot of people thought it was. Plenty of people were noticing that "the economy wasn't near as strong as a lot of people thought it was." Or, I would amend that statement to "near as strong as the Bush administration was saying it was." Why do you think that Democrats won the election of 2006? It wasn't because the economy was actually strong for a lot of people. The unemployment rate was just reported at 7.6%, look around you, is your life any different than when it was at 5.4%? "Look around you"?! As if any individual has a perspective that would take into the millions of people who are either currently unemployed or afraid for their jobs or for their business or their home, without savings enough to last very long? Come on, Seminole, you're smarter than that. The economy wasn't great before, but it is clearly worse now. That 7.6% doesn't reflect the latest huge unemployment applicants reported last Thursday. Or many of the cuts announced and not yet completed, or just completed. The worry is a deflationary trap. Or, if we manage to escape that, either stagflation or double digit inflation. At least those are my worries for the next few years. I see no chance of a "Goldilocks" economy at this point. I hope I am completely wrong. You sound like either Alfred E. Newman or Buddha.<g> Take your pick.

To: Travis_Bickle who wrote (103456)	2/7/2009 8:23:20 PM
From: Katelew	Respond to of 541978

I couldn't watch anymore coverage of the stimulus. Last week, all week, I pretty much had the TV off. What little I saw was sickening. After I saw Kay Bailey Hutchinson come on and say 'credit must be unfrozen and fast because companies need to borrow to make payroll', I completely stopped watching or reading about it. The very idea that one of our Senators thinks it's normal for a company to borrow money to make payroll sent me flying outside to whack on some more of my poor bushes damaged by the ice storm. So far I haven't seen anything about this business cycle that the country's current welfare and unemployment benefits can't handle, excluding the dreadful circumstances our illustrious money center banks have put themselves in. That is indeed a problem, but has thus far been mishandled because of Congressional panic. Personally, I'm still OK with Obama but Congress is a very scary bunch of sheeple people.