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Showing posts with label us economy. Show all posts
Showing posts with label us economy. Show all posts

Monday, November 17, 2008

it's NOT surprising to me

how little blame (from the msm) is being placed at the feet of king george and his court on the us economy. OR for that matter, ANY DAMN THING ELSE. the man has ripped up, stomped on and spit on OUR constitution and many many many don't seem to care. if republicans believe in LESS government, how could they let this happen? a dictatorship i mean. 'splain it to me lucy

Predictable Disaster of George W. Bush
By Robert Parry
In his trademark goofy way, George W. Bush explained why he supported a bailout of the U.S. financial markets, saying he was “a free-market person, until you're told that if you don't take decisive measures then it's conceivable that our country could go into a depression greater than the Great Depression.”

So, with a smirk on his face, President Bush explained the predicament that the United States and the world face after eight years of his incompetence and mismanagement – teetering on the edge of a catastrophe “greater than the Great Depression.”

Yet what is remarkable about American news coverage of this extraordinary moment – and Bush’s strangely light-hearted comment at the end of the Nov. 15 global economic summit – is how little blame is being laid specifically at Bush’s door.

In a pattern typical of the preceding eight years, major U.S. journalists are focusing on almost everything else – from Sarah Palin’s political future to what President-elect Barack Obama should do after he’s inaugurated in two months – not the lessons that should be learned from Bush’s disastrous presidency.

An example was Tom Brokaw’s “Meet the Press” on Sunday, which addressed the financial and energy crises with nary a negative word spoken about Bush.

It was as if everyone else was responsible for the nation’s troubles, from unions and auto executives to Congress and Obama (for not providing immediate answers). Just not the person who is still in charge and who was chiefly responsible for taking the United States from an era of peace, prosperity and budget surpluses to the precipice of endless war, economic devastation and national bankruptcy..........

Saturday, May 10, 2008

ok put the crack pipe down

AND BACK AWAY SLOWLY
(hey peeps if this isn't enough for you, WHAT THE EFF WILL IT TAKE?)
Recession? Cheney says America's economy is the 'envy of the world'
John Byrne
Vice President Dick Cheney, who declared $2.5 million in taxable income last year and $8.8 million in 2006, says America's economy is strong as ever.
The VP who said Iraq's insurgency was in it's "
last throes" in 2005 and the economy is currently in a "rough patch" gave the financial health of the United States a ringing endorsement in Northeast Philadelphia Thursday morning.
Cheney said that the US economy “
remains the envy of the world,” and that the recent “slowdown” might have been worse had Bush not enacted tax cuts in 2001 and 2003.
Because of this, he said, “the slowdown that did come was a fairly mild one.”
“For the better part of six years now, this nation's economy grew without pause,” Cheney added.........

Tuesday, April 15, 2008

we can't afford to fill our cars up

to heat our homes, to feed ourselves and now our jobs are disappearing at an alarming rate.

anyone notice a trend?
(by the way, i was looking for something in my local news sites this morning. i found an article that said even the CASINO's revenues at the slots were down)

Retailing Chains Caught in a Wave of Bankruptcies
By MICHAEL BARBARO
The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake suburban malls and downtown shopping districts across the country. Since last fall, eight mostly midsize chains — as diverse as the furniture store Levitz and the electronics seller Sharper Image — have filed for bankruptcy protection as they staggered under mounting debt and declining sales.
But the troubles are quickly spreading to bigger national companies, like Linens ‘n Things, the bedding and furniture retailer with 500 stores in 47 states. It may file for bankruptcy as early as this week, according to people briefed on the matter.
Even retailers that can avoid bankruptcy are shutting down stores to preserve cash through what could be a long economic downturn. Over the next year,
Foot Locker said it would close 140 stores, Ann Taylor will start to shutter 117, and the jeweler Zales will close 100.
The surging cost of necessities has led to a national belt-tightening among consumers. Figures released on Monday showed that spending on food and gasoline is crowding out other purchases, leaving people with less to spend on furniture, clothing and electronics. Consequently, chains specializing in those goods are proving vulnerable..............

Wednesday, March 19, 2008

clueless

NO, NOT the movie. our king. he's clueless. it would be funny if people weren't hungry and freezing.

(he says unemployment is low? didn't i just read a major airline is offering 30,000 of it's employees severance? yes, i did)

Bush Maintains Cautious Optimism on Economy
President Emphasizes Low Unemployment, Flexible Markets



By Dan Eggen Washington Post Staff Writer
JACKSONVILLE, Fla., March 18 -- President Bush urged Americans on Tuesday to keep in mind the "anchors" of low unemployment and flexibility in the U.S. economy, even as the Federal Reserve announced a historic rate cut in another bold attempt to stave off a possible market crisis.
Stopping at the Jacksonville Port Authority between Republican fundraising stops in Florida, Bush continued to sound a theme of measured concern amid the events that have shaken financial confidence in recent days. He acknowledged "challenging" times but insisted that "we're going to be just fine" in the end.
"The key is to recognize problems and to act early, which is what we've done," Bush said, adding later: "If there needs to be further action, we'll take it." .............


act EARLY? yeah, just like acting EARLY on global warming. i guess it doesn't matter if we all are up shite's creek. the world is going to implode anyway