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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 8:58:53 AM
From: TideGlider	2 Recommendations Read Replies (1) \| Respond to of 224718

A reduction in the gas prices would be a better idea. The inflation of the gas prices outweighs the rise in personal income substantially. The need to stop spending and printing money with help a lot. Personal income is increasing. That should help to offset the increase in gas prices.

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 9:15:46 AM
From: tonto	3 Recommendations Respond to of 224718

To: CYBERKEN who wrote (699263) 9/2/2005 12:13:27 PM From: Kenneth E. Phillipps Read Replies (2) of 769599 Cyber, when you live on fixed income like SS, these GAS PRICES increase really hurt. To: Hope Praytochange who wrote (2719) 4/17/2008 9:27:11 AM From: Kenneth E. Phillipps Read Replies (3) of 3215 Today, Americans will be discussing GAS PRICES, not last night's debate. From: Kenneth E. Phillipps 5/26/2008 11:42:26 PM Read Replies (2) of 128023 The high GAS PRICES are, in large part, the fault of the Bush (OBAMA) Administration. They are caused, in part, by the falling dollar which is, in turn, caused by the extemely high budget deficits. To: locogringo who wrote (122009) 1/19/2012 10:55:35 AM From: Kenneth E. Phillipps 1 Recommendation Read Replies (1) of 128023 <<Gasoline PRICES could approach $5 a gallon by Memorial Day>> That will be a good lesson for all those idiots who continued to buy GAS guzzlers after the $4 a gallon PRICES in 2008. Maybe, they will finally get it.

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 9:22:52 AM
From: lorne	3 Recommendations Respond to of 224718

ken..."Personal income is increasing. That should help to offset the increase in gas prices."... Did obama raise welfare and food stamp rates ? Can food stamps be used to buy Gasoline.

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 9:30:14 AM
From: Sedohr Nod	4 Recommendations Respond to of 224718

Cheer leading for your side is a wonderful thing and a national hobby, but do you remember when a drop in personal income by a factor of .001 was a near disaster?....I don't remember the date that it was a great concern to you, but it was during the Bush administration. But guessing without knowing the exact date, gold was probably around 600, silver probably 8, gas & corn around 2 bucks a gallon/bushel, and the dollar was worth at least twice as much as it is today.....when were we better off, then or now?

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 9:47:13 AM
From: longnshort	2 Recommendations Read Replies (1) \| Respond to of 224718

GOP-run House easily rejects Obama budget By ANDREW TAYLOR \| Associated Press – 12 hrs ago WASHINGTON (AP) — The Republican-run House has overwhelmingly rejected President Barack Obama's $3.6 trillion budget for next year after a vote forced by GOP lawmakers to embarrass Democrats. Republicans have opposed Obama's budget all year, criticizing its tax increases on the wealthy and saying it lacks sufficient spending cuts. Democrats have defended Obama's budget priorities but they largely voted "no" Wednesday night. Republicans said Democrats were afraid to vote for Obama's proposed tax increases and extra spending for energy and welfare. Democrats said Republicans had forced a vote on a version of Obama's budget that contained only its numbers, not the policies he would use to achieve them. The vote was 414-0. The vote came as the House debated a GOP budget that contains far more deficit reduction than Obama has proposed.

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 9:57:16 AM
From: grusum	3 Recommendations Respond to of 224718

Personal income is increasing. in nominal dollars. but those dollars are less valuable and taxed more on top of it. it's not how many dollars you get, but what you can buy with them.

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 10:55:59 AM
From: longnshort	4 Recommendations Respond to of 224718

Obama ran on hope and change Governed on fear and crisis and running his re election on divide and conquer.

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 10:59:29 AM
From: Hope Praytochange	2 Recommendations Respond to of 224718

US Stocks Decline On Economic Data, Overseas Concerns 03/29 10:55 AM NEW YORK (Dow Jones)--U.S. stocks traded lower, extending losses into a third straight day, as a domestic economic growth reading missed expectations and broad weakness in overseas markets kept investors on the defensive. The Dow Jones Industrial Average was down 76 points, or 0.6%, to 13050. The Dow fell 72 points, or 0.5%, on Wednesday, to suffer a second consecutive loss, and the fifth in seven sessions. Standard & Poor's 500-stock index lost 11 points, or 0.8%, to 1394 and the Nasdaq Composite declined 22 points, or 0.7%, to 3083. All S&P 500 sectors traded lower, with telecommunications and financials companies falling the most. Best Buy tumbled 8% after reporting it swung to a big fiscal fourth-quarter loss. "GDP came in a slight touch below consensus. Europe is still not off the hook. We still have some concerns about Spain and Portugal," said Zahid Siddique, associate portfolio manager of the Gabelli Equity Trust. kennytroll liar, back to rathole

To: Kenneth E. Phillipps who wrote (128022)	3/29/2012 11:35:19 AM
From: Carolyn	2 Recommendations Read Replies (1) \| Respond to of 224718

I think it means inflation.

To: Kenneth E. Phillipps who wrote (128022)	3/30/2012 8:54:40 AM
From: TideGlider	3 Recommendations Read Replies (2) \| Respond to of 224718

US consumer spending up 0.8 pct., but income lags US consumer spending rose 0.8 percent in February, best gain in 7 months; income growth slows By Martin Crutsinger, AP Economics Writer \| Associated Press – 6 minutes ago WASHINGTON (AP) -- U.S. consumers boosted their spending in February by the most in seven months. But Americans' income barely grew and the saving rate fell to its lowest point in more than two years. The Commerce Department said Friday that consumer spending rose 0.8 percent last month. However, income grew only 0.2 percent, matching January's weak increase. And when taking inflation into account, income after taxes fell for a second straight month. Consumers are spending more after the best three-month hiring stretch in two years. But few who already had jobs saw big pay raises. And Americans are paying higher prices for gas, which could slow spending. The economy has added an average of 245,000 jobs per month from December through February. That's lowered the unemployment rate to 8.3 percent, the lowest in three years. Most economists expect a similar number of net jobs added in March. Still, more robust hiring has yet to lift growth. Economists predict growth slowed in the January-March quarter to an annual rate of 2 percent or less, down from 3 percent in the October-December quarter. Consumer spending drives 70 percent of economic activity. Most economists expect growth to rebound later this year as further hiring lifts the economy. And there are indications that a pickup in spending may already be under way. Americans stepped up spending on retail goods in February, the government said earlier in the month. Consumers bought more autos, clothes and appliances. They also paid higher prices for gas. On Thursday, the national average price for a gallon of gas was $3.92, according to AAA. In 11 states, the price is more than $4 per gallon. Higher gas prices could eventually slow growth by causing some people to cut spending on other goods, from appliances and furniture to electronics and vacations. Gasoline purchases provide less benefit for the U.S. economy because about half of the revenue flows to oil-exporting nations, though U.S. oil companies and gasoline retailers also benefit. Despite paying more to fill their tanks, consumers remain optimistic about the economy. The Conference Board, a New York-based private research group, said its gauge of consumer confidence held nearly steady in March after reaching its highest level in a year in February. Personal income is increasing. That should help to offset the increase in gas prices.