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Poll: Economy Gets Nine Thumbs DownPosted on Apr 18, 2008A poll by The Washington Post-ABC News reports that nine in 10 Americans rate the economy negatively, with a majority of those polled believing it to be in “poor” shape. Support of the U.S. war in Iraq is also down, with six in 10 Americans rejecting the administration’s argument that the conflict is an effective defense against terrorism.
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By msgmi, April 19 at 2:30 pm #
(Unregistered commenter)
Kudlow et al don’t see any significant pitfalls in the market. The elite that he represents are clueless to the everyday expenses faced by most Americans. The capitalist pyramid which is built and whose strength relies on free market principles, government transparency, and public sentiment is showing signs of stress according to GW. Imagine, GW speaking about the economy when his bolo track record in private industry speaks volumes of mismanagement.
Government transparency has disappeared and public sentiment is finally catching on to the charade. It took a while for the public to realize the magnitude of GW’s et al incompetance.
Report thisBy The Old Hooligan, April 19 at 9:13 am #
Bush doesn’t care. Cheney doesn’t care. Congress REALLY doesn’t care.
And “We the People” are powerless to do anything about it, apparently.
Be careful what you wish for.
Report thisBy dick, April 19 at 8:34 am #
(Unregistered commenter)
Actually, the economy is great. I’m speaking as a member of the power elite. The more war, the more we profit, etc. It’s only the masses that are suffering, and we all know they don’t matter. Sincerely , All Candidates & Congress.
Report thisBy Blackspeare, April 19 at 7:48 am #
The US economy is tanking. By the time the election in November things will be approaching a near Depression especially if the Feds lower the prime interest rate further. As the dollar declines, prices spiral upward, people spend less, jobs are lost, and then a negative psyche pervades the economy. Even doing the height of the Great Depression, president Hoover said things were looking up and prosperity was just around the corner, but then he had to say that just like the current batch of bureaucrats are being upbeat.
In May we’re all going to get our stimulus economic money and the thought here is that hopefully it will provide the economy with a boost that will last until November so that McCain will not be burdened in the campaign by a full recession----its too late for that, but it will be nice to get that money anyway and I know how to spend it----does anyone know if the Emperors Club is still operating and what can you get for $1200?
Report thisBy purplewolf, April 19 at 12:03 am #
When Bush first decided to start this war he stated-in my local newspaper, when we still received news at all- that he figured the Iraq war would cost no more than 3.9 billion dollars at the most. No wonder all his businesses went bankrupt. I mentioned the amount Bush stated to a neighbor(a former Marine and currently a substitute teacher, as he cannot get hired full time due to the bad economy here)and he thought when I said billions it was wrong it have to be Millions. Well, no, it was billions then and no one thought it would end up in the trillions back in 2003.
Report thisIt is to bad that while this country falls apart from within, he is spending billions to build up a country that resents anything we are doing and many times destroys it. We could have used that money to fix the electric grid that went out in his first term, the water and sewer lines all over the country are out of date, schools, affordable housing, medical, just to name a few things that should have been more important to this president that needed to be taken care of here at home. Instead, his only priority is Iraq. Well it’s about time for him to move over there, permanently. I will even start a fund so anyone who wants to donate to it to send Bush over there forever on a 1 way ticket-no allowing him to return back here. Since all of his loyalities lay over there, he should live there, his priorities over here ended with the tax cuts for the rich.
By DennisD, April 18 at 4:35 pm #
(Unregistered commenter)
I’m looking for the mythical one in ten with a positive view of the economy. When I find him or her that’ll be a real news story.
We can put Iraq in the same category. No polls required.
Report thisBy jackpine savage, April 18 at 2:24 pm #
But people aren’t bitter…
Report thisBy cyrena, April 18 at 12:16 pm #
Well, this is hardly a surprise. We could have told them this without a poll, and ABC isnt on the list of favorites for stuff like this right now anyway. At least not after the junk-media so-called debate this week.
Anyway, if the economy and the war on Iraq are the two biggest concerns, its because the War on Iraq by the neoCON Cabal, and the War on US by the SAME neoCON Cabal are the reasons for the depressed economy and a depressed population, here and a large portion of the rest of the world.
Some excerpts and links below..
Iraq War “Caused Slowdown in the US”
By Peter Wilson
The Australian
Thursday 28 February 2008
The Iraq war has cost the US 50-60 times more than the Bush administration predicted and was a central cause of the sub-prime banking crisis threatening the world economy, according to Nobel Prize-winning economist Joseph Stiglitz.
The former World Bank vice-president yesterday said the war had, so far, cost the US something like $US 3 trillion ($3.3 trillion) compared with the $US 50-$US 60 billion predicted in 2003.
Australia also faced a real bill much greater than the $2.2billion in military spending reported last week by Australian Defence Force chief Angus Houston, Professor Stiglitz said, pointing to higher oil prices and other indirect costs of the wars.
Professor Stiglitz told the Chatham House think tank in London that the Bush White House was currently estimating the cost of the war at about $US 500 billion, but that figure massively understated things such as the medical and welfare costs of US military servicemen.
The war was now the second-most expensive in US history after World War II and the second-longest after Vietnam, he said.
The spending on Iraq was a hidden cause of the current credit crunch because the US central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit.
Professor Stiglitz, an academic at the Columbia Business School and a former economic adviser to president Bill Clinton, said a further $US 500 billion was going to be spent on the fighting in the next two years and that could have been used more effectively to improve the security and quality of life of Americans and the rest of the world.
Heres the link to the rest
http://www.truthout.org/docs_2006/022908T.shtml
And then theres this
Too Few Funds to Fight Cancer in US
By Robert Weiner and Patricia Berg
The San Diego Union-Tribune
Friday 18 April 2008
With more than 500,000 cancer deaths in the United States each year, the underlying buzz all around the just concluded San Diego meeting of the American Association for Cancer Research, with 17,000 scientists from throughout the nation and the world, was, “Where is the federal government?
Despite fear of the torturous physical slide of cancer - people’s No. 1 health fear - federal funds for research into early diagnosis, treatment and cures are plummeting. The National Institutes of Health has lost 2 percent of its budget to inflation in real dollars every year for the last seven years, a 14 percent decline, points out leukemia researcher Michael Sheard of Childrens Hospital Los Angeles. Ellen Sigal, chairwoman of Friends of Cancer Research in Arlington, Va., and the chair of a forum at AACR on alternative funding mechanisms, confirmed Sheard’s numbers.
When we asked Sigal why there is the drop in federal funds, she responded, “We have a deficit and a war.” If funding potential disease cures is part of the price of Iraq, it is no wonder that 70 percent of Americans oppose the war and want its cost to end in the scheme of priorities.
http://www.truthout.org/docs_2006/041808F.shtml
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