Submitted by centella on Fri, 07/18/2008 at 9:07 am.
Richardr hit the nail right on the head. ALL of congress should be sent to iraq to fight this "war" that they SO believe in and our men and women should be brought home. We should drill and process our own oil for a year or two and let the mid-east and venezuela sell theirs to china. We should DE-elect every over-fed, under-worked fat-cat in congress and start electing people who have more common sense that they have greed, people who are used to, and good at, pinching pennies and getting every cent's worth for every dollar they spend. If any such people even still exist in this "throw-away" society.
Do not buy any JOCKEY underwear products because they are manufactured completely in Honduras by people who make $35 per week instead of being made here, in the US, where people could really use that thousand jobs.
I would say, "don't buy it if it is not manufactured within our borders", but, then, we wou
Submitted by retiredguy on Wed, 07/16/2008 at 9:44 pm.
Perhaps you meant to say that we have a $9 trillion national debt. The deficit is the annual amount that the Congress spends over and above the revenue that is collected for a specific fiscal year. The national debt stood at $5.9 trillion when President Clinton left office in 2001, and contrary to what a lot of folks think, the national debt increased $1.5 trillion during his administration. So if the CBO projected a $1.5 trillion surplus, we'd still in $4.4 trillion in the hole, but then Congress probably would have spent every dime of that surplus on give-aways to grease their reelection.
Submitted by charterwellsjr on Wed, 07/16/2008 at 7:29 pm.
Rather than, "Is the government doing enough..."? a better question would be, "Is the government doing the right things to address the economy?" Quite frankly, I don't think so. But, since I am not an economist, nor did I ever take an economics coure in college, I can offer no suggestions. I do know, however, that the Congressional Budget Office in 1999 projected a $1.5 trillion Federal budget surplus by this time. Now, given all the tax breaks to the rich guys, subsidies to oil companies and mega-farmers, plus the Iraq war, that projection is now a $9 trillion deficit.
Submitted by ridgerunner on Wed, 07/16/2008 at 5:14 pm.
The government can't be bothered with our economic woes. They're too busy throwing away lives and tax dollars for Operation Iraqi Freedom. Well, I'm not Iraqi, don't care if Iraq is ever free and definitely think their freedom isn't worth a single drop of American blood or penny of our tax dollars. I'm concerned about American freedom, which is rapidly becoming a distant memory thanks to the Bush/Cheney regime. At the rate our economy is tanking we'll be a third world country begging for foreign aid before the decade is out.
All the money being wasted on the Iraqi Civil War would go a long way towards developing alternative energy research here at home but Bush could care less. Every time I see him giving us that little smirk of his after dishing out another pack of lies I want to put my foot through the TV. And Congress? So far all they've demonstrated is their inability to do anything at all.
Submitted by tenfan40 on Wed, 07/16/2008 at 4:54 pm.
In a word, yes! When did it become the governments' job to bailout people who make stupid or greedy choices? Why do we have the freedom to choose? The answer is, that it is the only real job the government has, to protect our right to make choices.
Submitted by Gertz Point on Wed, 07/16/2008 at 2:55 pm.
"The bubble will son pop and oil prices will drop. Which in turn drops gas prices, which then frees up our spending money."
If and that's a big if the gas prices do drop, you will not see a drop in everything else we pay higher prices for like groceries and utilities. Once people get use to paying the higher prices companines will NOT lower their prices.
Submitted by jasona57192 on Wed, 07/16/2008 at 2:36 pm.
Heck no! The White House hasn't even wanted to admit there is a problem. According to Bush, "yeah we are in a slow down, but everything is just fine". Maybe with his money everything is fine, but for the rest of us working stiffs, the economy is dire needs to a republican cleansing and remove all of them.
Except facts agree with Bush as made even more apparent by Wells Fargo increasing their dividend today. Unfortunately the religion of political parties trumps facts in many minds.
Submitted by annes77739 on Wed, 07/16/2008 at 1:53 pm.
The fed has to do something. Failure to do anything will mean a total meltdown of the economy. President Hoover also believed that the government had no business getting involved in the country's economic collapse, and the country didn't fully recover from that belief until WWII, b/c unlike what the fed has done today, the fed, back then, did nothing, and millions of people suffered. We don't want to go back to that, I don't think.
economy
Richardr hit the nail right on the head. ALL of congress should be sent to iraq to fight this "war" that they SO believe in and our men and women should be brought home. We should drill and process our own oil for a year or two and let the mid-east and venezuela sell theirs to china. We should DE-elect every over-fed, under-worked fat-cat in congress and start electing people who have more common sense that they have greed, people who are used to, and good at, pinching pennies and getting every cent's worth for every dollar they spend. If any such people even still exist in this "throw-away" society.
Do not buy any JOCKEY underwear products because they are manufactured completely in Honduras by people who make $35 per week instead of being made here, in the US, where people could really use that thousand jobs.
I would say, "don't buy it if it is not manufactured within our borders", but, then, we wou
Lets try another approach
How much has Bush spent on the war of lies in Iraq?
charterwellsjr:
Perhaps you meant to say that we have a $9 trillion national debt. The deficit is the annual amount that the Congress spends over and above the revenue that is collected for a specific fiscal year. The national debt stood at $5.9 trillion when President Clinton left office in 2001, and contrary to what a lot of folks think, the national debt increased $1.5 trillion during his administration. So if the CBO projected a $1.5 trillion surplus, we'd still in $4.4 trillion in the hole, but then Congress probably would have spent every dime of that surplus on give-aways to grease their reelection.
A Better question
Rather than, "Is the government doing enough..."? a better question would be, "Is the government doing the right things to address the economy?" Quite frankly, I don't think so. But, since I am not an economist, nor did I ever take an economics coure in college, I can offer no suggestions. I do know, however, that the Congressional Budget Office in 1999 projected a $1.5 trillion Federal budget surplus by this time. Now, given all the tax breaks to the rich guys, subsidies to oil companies and mega-farmers, plus the Iraq war, that projection is now a $9 trillion deficit.
Governemet interest in our economy?
The government can't be bothered with our economic woes. They're too busy throwing away lives and tax dollars for Operation Iraqi Freedom. Well, I'm not Iraqi, don't care if Iraq is ever free and definitely think their freedom isn't worth a single drop of American blood or penny of our tax dollars. I'm concerned about American freedom, which is rapidly becoming a distant memory thanks to the Bush/Cheney regime. At the rate our economy is tanking we'll be a third world country begging for foreign aid before the decade is out.
All the money being wasted on the Iraqi Civil War would go a long way towards developing alternative energy research here at home but Bush could care less. Every time I see him giving us that little smirk of his after dishing out another pack of lies I want to put my foot through the TV. And Congress? So far all they've demonstrated is their inability to do anything at all.
Is the government doing enough to address the economic troubles?
In a word, yes! When did it become the governments' job to bailout people who make stupid or greedy choices? Why do we have the freedom to choose? The answer is, that it is the only real job the government has, to protect our right to make choices.
doing enough?!?
They're the ones who screwed it up in the first place. Who do you supposed required banking institutions to give loans to poor people???
I think you are dreaming
"The bubble will son pop and oil prices will drop. Which in turn drops gas prices, which then frees up our spending money."
If and that's a big if the gas prices do drop, you will not see a drop in everything else we pay higher prices for like groceries and utilities. Once people get use to paying the higher prices companines will NOT lower their prices.
Facts agree with Bush
Heck no! The White House hasn't even wanted to admit there is a problem. According to Bush, "yeah we are in a slow down, but everything is just fine". Maybe with his money everything is fine, but for the rest of us working stiffs, the economy is dire needs to a republican cleansing and remove all of them.
Except facts agree with Bush as made even more apparent by Wells Fargo increasing their dividend today. Unfortunately the religion of political parties trumps facts in many minds.
One other thing
The fed has to do something. Failure to do anything will mean a total meltdown of the economy. President Hoover also believed that the government had no business getting involved in the country's economic collapse, and the country didn't fully recover from that belief until WWII, b/c unlike what the fed has done today, the fed, back then, did nothing, and millions of people suffered. We don't want to go back to that, I don't think.