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Economy- New Poll

Do You think the US Economy is Heading into or in a Recession--or a Depression?

  • No-the Economy is doing Fine

    Votes: 0 0.0%
  • Yes- a mild short Recession

    Votes: 0 0.0%
  • Yes- a prolonged Recession/Depression

    Votes: 0 0.0%
  • Economic Collapse

    Votes: 0 0.0%

  • Total voters
    0
A

Anonymous

Guest
Right Direction or Wrong Track
77% Believe the Nation is Heading Down Wrong Track

Tuesday, April 22, 2008
Just 16% of Likely Voters believe the Unites States is moving in the right direction. The latest Rasmussen Reports national telephone survey found that 77% disagree and say the nation is heading down the wrong track.

Those sentiments have grown more negative over the past month. In March, 73% of voters felt the nation was heading down the wrong track and 19% thought it was heading in the right direction.

Backholeboogerie- your cultist groups followers gets smaller by the day :wink: :lol: :p
 

Texan

Well-known member
77% Believe the Nation is Heading Down Wrong Track
You can include me in that 77%. We've got Democrats in control of both houses of Congress. A goofy elitist liberal like Nancy Pelosi is only two deaths away from the Presidency. Democrats have a good chance of winning the White House in November with either a lying racist snob or a lying two-faced c unt. Damn right we're heading in the wrong direction.
 

CattleArmy

Well-known member
Texan said:
77% Believe the Nation is Heading Down Wrong Track
You can include me in that 77%. We've got Democrats in control of both houses of Congress. A goofy elitist liberal like Nancy Pelosi is only two deaths away from the Presidency. Democrats have a good chance of winning the White House in November with either a lying racist snob or a lying two-faced c unt. Damn right we're heading in the wrong direction.

Isn't one of them from the south????
 

Texan

Well-known member
CattleArmy said:
Texan said:
77% Believe the Nation is Heading Down Wrong Track
You can include me in that 77%. We've got Democrats in control of both houses of Congress. A goofy elitist liberal like Nancy Pelosi is only two deaths away from the Presidency. Democrats have a good chance of winning the White House in November with either a lying racist snob or a lying two-faced c unt. Damn right we're heading in the wrong direction.

Isn't one of them from the south????
Ummmm...not sure. Obama? He's from Afferka, isn't he? Not sure without looking at the globe, but surely some of Afferka is south of Nebraska.

Hillary? Where she's from depends on what group she's talking to at the time.

Not sure what difference it makes anyway?
 
A

Anonymous

Guest
Homeowner Vacancies Hit Record High

MoneyNews
Monday, April 28, 2008


WASHINGTON -- The share of U.S. homes owned but empty edged up in the first quarter to a record high 2.9 percent, the U.S. Census Bureau said Monday in a report adding more evidence of a deepening housing slump.

http://moneynews.newsmax.com/money/archives/articles/2008/4/28/110523.cfm


Worst is Ahead for U.S. Housing, Economy

Hans Parisis
Tuesday, April 29, 2008


It seems that everyone these days has an opinion on the recession. Some claim the worst is over and the economy is on a slow path toward recovery,

Others say things haven't begun to turn around yet. (There's even a third group that denies the U.S. economy is even in a recession.)

I am convinced that the economy is not only in a recession, but that the worst is still ahead of us rather than behind. You just have to look at the housing numbers for proof.

Just recently we saw another drop of more than 11 percent in housing starts. What's more, the excess supply of new, unsold homes is still rising.

Only by the end of the year will the decline in starts begin to show up. Right now, they're still way too high.


They have to fall significantly below new home sales — about another 20 percent — to start reducing the excess supply of new homes and for the housing market to stabilize.

I also think we should expect to see home prices decline another 10 percent in 2008 for a cumulative fall of about 25 percent to 30 percent.

The excess supply of both existing and new homes will worsen in 2008 for a variety of other reasons. For starters, the credit crunch has led to a collapse of origination of subprime and Alt-A mortgages.

That means consumers with weak credit ratings who were able to qualify for mortgages during the boom won't be able to get loans. It also means that homeowners who cannot refinance will be forced to sell their homes in short sales if the value of their home is lower than the balance on their mortgage.

Lastly, we can't forget about the homes that go into foreclosure and the "flippers," those who bought for speculative reasons with little equity and will dump their homes and condos into the market to reduce their capital losses.

All these factors imply that the excess supply of unsold new and existing homes will get worse rather than better, and that will put further significant pressure on new and existing home prices.

On the issue of the real economy, the International Monetary Fund recently estimated that credit losses on mortgages could come close to $1 trillion.

This means that total credit losses for the financial system could be as high as $1.7 trillion if you include all the other losses — notably credit cards and auto loans as well as corporate bonds, muni bonds, and losses on credit-default swaps, among others.

http://moneynews.newsmax.com/money/archives/articles/2008/4/28/150904.cfm
 

backhoeboogie

Well-known member
CattleArmy said:
Texan said:
77% Believe the Nation is Heading Down Wrong Track
You can include me in that 77%. We've got Democrats in control of both houses of Congress. A goofy elitist liberal like Nancy Pelosi is only two deaths away from the Presidency. Democrats have a good chance of winning the White House in November with either a lying racist snob or a lying two-faced c unt. Damn right we're heading in the wrong direction.

Isn't one of them from the south????

No. One lived in Arkansas for a while. If you consider that being from the south, she's from New York now. :D
 

backhoeboogie

Well-known member
Oldtimer said:
backhoeboogie said:
OT, Aren't you running a bit late on a new, "new poll" on the economy? This one is at 14 pages.

One volcano puts out more sulfur in one year than all of our diesel engines ever have. (psst don't tell Al Gore that).

Naw- I like to remind you what your annointed cultist leader and his elitist followers have done to the country in the last 7 years.....Seems to get a stir out of some of you folk- and seeing some facts, gets you a breath of fresh air from that internal air you been sucking on for so long- from your years of having your head so firmly implanted.....

Does it bother you to be reminded 61% of those on this site agree with me that we are in a bad economical state ( Prolonged Recession/Depression or Economic Collapse) - or that 85% of the folks on this site can spell the "r" word, when our "supposed" leader still can't :???: :wink: :lol:

Your cults new chosen one (McCain) seems to believe in your buddy Gore's line and is following many of his teachings...Maybe he'll make Gore the new Energy Czar..
Climate change is real and must be addressed.
Supports alternative fuels, emission controls, & CWA.
Strength Clean Air & Water Acts
Voted YES on banning drilling in the Arctic National Wildlife Refuge.
Supports immediate reductions in greenhouse gases.
Be more active in addressing the issue of climate change. (Jan 2008)
John McCain

So you finally got the results you wanted? Is that what you are saying in a round about way? No need to run it again?

McCain is to liberal for my liking. He's not my man.

Its all good. I have already rolled and switched everything around. The last time the dems did it to me I was just starting out, earning my way with multiple jobs and putting myself through night school. This time around the shoe is on the other foot and I'll be on the other end of their double digit inflation when it hits.
 
A

Anonymous

Guest
Buffett: Recession May be Worse Than Feared

MoneyNews
Monday, April 28, 2008


NEW YORK -- Warren Buffett, the world's richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect.

Buffett made his comments on CNBC television after his Berkshire Hathaway Inc agreed to invest $6.5 billion in the takeover of chewing gum maker Wm Wrigley Jr Co by Mars Inc in a $23 billion transaction.

"This is not a field of specialty for me, but my general feeling is that the recession will be longer and deeper than most people think," Buffett said. "This will not be short and shallow.

"I think consumers are feeling gas and food prices," he added, "and not feeling they've got a lot of money for other things."

He was not immediately available for further comment. Known for his frugality, the 77-year-old Buffett has lived in the same 10-room Omaha, Nebraska, house for a half-century, despite being worth an estimated $62 billion.

http://moneynews.newsmax.com/money/archives/articles/2008/4/28/113145.cfm?s=mnh

Consumers Ready to Call it Quits

MoneyNews
Tuesday, April 29, 2008


NEW YORK -- Soaring gas prices and weaker job prospects made Americans gloomier about the economy in April, sending a widely watched measure of consumer sentiment to a five-year low, a private research group said Tuesday.

The New York-based Conference Board said that its Consumer Confidence Index, which had plummeted in March, fell again to 62.3 in April, down from the revised 65.9 last month and 76.4 in February. The number was in line with the consensus estimate of 62 from Wall Street economists surveyed by Thomson/IFR, but the index remains at its weakest point since March 2003, when it registered 61.4, ahead of the U.S. invasion of Iraq.

"This continued weakening suggests that not only has the feeble level of growth in the first quarter spilled over into the second quarter, but the economic conditions may have slowed even further," Lynn Franco, director of the Conference Board Consumer Research Center, said in a statement. "And not only are lackluster business and job conditions eroding confidence, but rising gasoline prices are undoubtedly heightening concerns."

http://moneynews.newsmax.com/money/archives/articles/2008/4/29/141528.cfm
 

backhoeboogie

Well-known member
The new consumer price index came out and it shows we are still on the increase. March was 4% better than last year. The economy is not in a recession. It is not even flat.

Warren Buffet and 77% of you are getting your info from the wrong sources.

Keep trying OT. Keep screaming the sky is falling. All I can say is not yet.

Het OT. Let me tell you once more, YOU ARE WRONG to mislead folks. Get your facts straight.

http://www.bls.gov/news.release/cpi.nr0.htm
 

backhoeboogie

Well-known member
Where are you OT? Are you counting to 10 before you reply? That might take a while.

Check the link I provided. Here's some of it:

For the first three months of 2008, consumer prices increased at a
seasonally adjusted annual rate (SAAR) of 3.1 percent. This compares with an increase of 4.1 percent for all of 2007.
 
A

Anonymous

Guest
backhoeboogie said:
The new consumer price index came out and it shows we are still on the increase. March was 4% better than last year. The economy is not in a recession. It is not even flat.

Warren Buffet and 77% of you are getting your info from the wrong sources.

Keep trying OT. Keep screaming the sky is falling. All I can say is not yet.

Het OT. Let me tell you once more, YOU ARE WRONG to mislead folks. Get your facts straight.

http://www.bls.gov/news.release/cpi.nr0.htm


In macroeconomics, a Recession is a decline in any country's Gross Domestic Product (GDP), or negative real economic growth, for two or more successive quarters of a year. However, this definition is not universally accepted. The American National Bureau of Economic Research defines a recession more ambiguously as "a significant decline in economic activity spread across the economy, lasting more than a few months." A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. A devastating breakdown of an economy is called economic collapse. Newspaper columnist Sidney J. Harris amusingly distinguished terms this way: a recession is when you lose your job; a depression is when I lose mine.

backholer-- I suppose you were backing your buddy Billy Clinton on his definition of "what is sex" too :???: :roll: ....

I hate to break this news too you- but governments like to lie to you/and do with the figures and numbers they release- so they can propogandize and make themselves look good....They have been cooking the true inflation rate for 15 years-- And GW's gang has a long history of this in all areas....

It looks to me like Mr. Buffett and 77% of the population of this country are using common sense to figure out this country is in a big problem- something the government (and you apparently ) don't understand.....
 

backhoeboogie

Well-known member
Oldtimer said:
It looks to me like Mr. Buffett and 77% of the population of this country are using common sense to figure out this country is in a big problem- something the government (and you apparently ) don't understand.....

The BBC and inestors obviously don't understand either.

Puerto Rico's unemployment rate doesn't look good at all. Alaska looks kind of grim too. The rest of the states must be lying right along with the government huh?
 
A

Anonymous

Guest
backhoeboogie said:
Oldtimer said:
It looks to me like Mr. Buffett and 77% of the population of this country are using common sense to figure out this country is in a big problem- something the government (and you apparently ) don't understand.....

The BBC and inestors obviously don't understand either.

Puerto Rico's unemployment rate doesn't look good at all. Alaska looks kind of grim too. The rest of the states must be lying right along with the government huh?

Yep- them folks that just spent $10 to get a soup and sandwich (that was $4 a couple years ago) - just after putting $100 worth of gas in their vehicle ( that would have cost them $30)- while their wages/income has stagnated, are all wrong- .... :???:

Backhole-- the unemployment rate is a "cooked" figure also, to make things look better than they are- after a person runs out of benefits- or has been unemployed for so long (which includes many of the top level and professional jobs that are looking for comparable employment--or are retraining to find a new job) they are dropped from the unemployment rate statistics.....The "rate" doesn't also take into effect the number of professional/skilled/trained persons that are now a "Walmart part timer" because the jobs in their professions have dried up in their areas.....

This can't be blamed on GW alone- as it was Clinton that changed all the ways of figuring inflation, unemployment, etc...- But GW never changed it back either- just furthering the government lie.....


Investors See Wall St. Depression

MoneyNews
Wednesday, April 30, 2008


BEVERLY HILLS, California -- The U.S. economy may be in a funk, but that's nothing compared with the pall hanging over Wall Street.

Some of the biggest U.S. investors said on Tuesday they expected the nation's economy to get worse, but then work its way toward recovery later this year.

On Wall Street, however, the road back to health will take much longer.

"It is the Great Depression on Wall Street. It sure isn't on Main Street," Ken Griffin, chief executive of hedge fund Citadel Investment Group LLC, said during a panel at the Milken Institute Global Conference in Beverly Hills, California.

According to Griffin and other top U.S. investors at the conference, the credit and housing crises that led to hundreds of billions of dollars in losses for Wall Street firms will take those investment banks years to claw back from.


"Until you see Wall Street put on their party hats again and get on the tables and start dancing is going to be years," said Ken Moelis, a former UBS banker who now runs his own investment firm, Moelis & Company. "It will be a long time for Wall Street to come back to where it was."

Leon Black, billionaire investor and founding partner of hedge fund Apollo Advisors, said the banking system has been "broken" since last summer and has fostered a credit crisis "the likes of which I've never seen in the 30 years I've been in the business."
 

fff

Well-known member
Take some time to walk around the supermarket on a Friday evening/Saturday morning when the young housewives are shopping and listen to them. They don't need the CPI or Warren Buffett to tell them that food prices are going up. None of us needs someone else to tell us that gasoline prices are about three times higher than when the conservatives took control of the White House. Working people don't need an internet discussion board to tell them their paychecks haven't kept up with the cost of living. Some people are overextended, financially. In their defense, they had seven-eight good years with a Democrat in the White House. They made the mistake of assuming that Bush would be as good a president as Clinton. Obviously, many of them are discovering THAT was their mistake.
 

aplusmnt

Well-known member
Oldtime said:
I hate to break this news too you- but governments like to lie to you/and do with the figures and numbers they release- so they can propogandize and make themselves look good.........

Lots of people lie and manipulate the figures to serve their agenda, Buffet does the same thing. All the Liberal activist, political affiliates etc..... You do it many times, you find a slanted side to a story and copy and paste it.

Personally I don't think a little Recession will hurt Americans, maybe it would be a good thing. Bring people back to reality and see what is important. Myself included! I been re thinking the things I do. I bought my 10 year old son a $250.00 baseball bat a couple months ago, and I see half his team with bats just like it. Some can afford them and some I know can not. I see parents buying their kids new cars, I see Hummer's more than I see Prius. SUV's are everywhere. I drive a F250 V10 Crew cab to run kids to practice when I could be using a 1/2 ton getting twice the mileage.

I believe Americans need a wake up call, one to let us know we are wasteful and spend to much. And secondly to know that we should be grateful for a lot less than we have, we are spoiled and we need to realize it. We whine about being in hard times, when we have multiple cars, so many luxury comforts that we can not even list them all.

I believe in the American dream of pursuit of happiness, but many of us have a unrealistic expectation of what happiness is!
 

aplusmnt

Well-known member
fff said:
None of us needs someone else to tell us that gasoline prices are about three times higher than when the conservatives took control of the White House..

First off a Conservative did not take control of the White house, Bush is a long ways from being a Conservative!

And secondly gas prices are about to double what they were 2 years ago when the Democrats took control of the Congress. And Pelosi I believe said they would do something about high gas prices.

Congress has more power than the president, lets see these Democrats do something about these prices as they promised.
 

aplusmnt

Well-known member
kolanuraven said:
aplusmnt said:
many of us have a unrealistic expectation of what happiness is!



You surely must!! $250 for a baseball bat!!!!!!!!! Geezzz :roll: :roll: :roll:

I agree that is probably over the top! But it is not as bad as it sounds, I paid $195.00 for his last bat, he used it two years and then I sold it for $100.00 used.

Also my kids get no video games, they have no Xbox, PSP, PSP2, no TV's or computers in room, no text messaging. They do get spoiled on outside and sports possessions, such as fishing poles, guns, 4-wheelers, baseball, football, basketball equipment and accessories, 4-H projects. Anything that gets them outside, and away from the TV.
 

backhoeboogie

Well-known member
kolanuraven said:
aplusmnt said:
many of us have a unrealistic expectation of what happiness is!



You surely must!! $250 for a baseball bat!!!!!!!!! Geezzz :roll: :roll: :roll:

Aplus is a cheapskate isn't he. He obviously didn't spend the money to get the best synergy flex. He probably makes his son use Wal-Mart batting gloves.

We had a good time with wood bats and never heard of batting gloves when we were kids.

Now half the kids get lice so you have to buy your kid their own batting helmet. They have to have a bat, batting gloves, $200 shoes, glasses etc etc.
 
A

Anonymous

Guest
aplusmnt said:
fff said:
None of us needs someone else to tell us that gasoline prices are about three times higher than when the conservatives took control of the White House..

First off a Conservative did not take control of the White house, Bush is a long ways from being a Conservative!

And secondly gas prices are about to double what they were 2 years ago when the Democrats took control of the Congress. And Pelosi I believe said they would do something about high gas prices.

Congress has more power than the president, lets see these Democrats do something about these prices as they promised.

Bush and the Bushites blame the Congress and Dems-- the Congress and Dems blames Bush, the Cheney (supersecret) energy policy and years of a do nothing but spend and sell out the country Republican Congress-- and no body is going to do anything....

Dems like watching the prices go higher- and people suffering more under a Republican lame duck President (who vetoes everything they send him)...They can blame it all on him and will (especially since the current Republican candidate is walking in lockstep with GW)-- and know that next year they almost positively will have many more seats controlled in both houses of Congress- and quite possibly even the White House-- and that they can get much more of what they want, then by making a deal now....

Nothing will be accomplished until 09.....
 

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