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| Readers will already know what I feel about Bush's economic prowess , and the fact that he is still in denial about recession , stagnation and inflation or Stagflation as the cheerleaders on CNN now call it. I even heard a right-wind talk radio shill talk about how we have had continued economic growth under Bush - as a dig to the Clintons. I'm sure this asshole has his kid in one of those soccer leagues where every kid gets a trophy for trying.Look a little closer Bush fans, how does that tiny growth compare with a dollar that keeps on sinking, a huge trade deficit to China, and the continuous
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Tagged as bush dollar euro recession economy stagflation
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| With the latest news of job cuts in America, it is pretty obvious how CEO's deal with economic slowdown: They fire people. Now, do you still want a CEO for President? You can't fire citizens when things go bad and that is their biggest ace in the hole when running a company. "Oh no, the company can't afford to pay me my 300 grand? Well we better cut a couple thousand jobs." Notice how taking a pay cut is never in their business plan.And here is where the numbers get fudged . When all these recently laid-off and fired people file for unemployment the unemployment rate in America rises.
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Tagged as ceo recession unemployment jobs president economy
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| I can't believe people still think this guy is smart. The rich half of the country does not care because they can absorb the higher gas and home heating prices, they already pay a premium for their so-called organic foods at high-end supermarkets. And their portfolios? They have brokers to keep making them money in a bad economy.What pisses me off the most is the attitude the Bush people have "well if you were smart then you wouldn't be struggling". These assholes think the only criterion separating rich and poor is intelligence. Well in my experience working for brokerage houses and
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Tagged as bush economy recession rich poor smart dumb money usa
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| I'm starting to realize why George Bush does not see a problem with the American Economy - because for him and guys in his income bracket there is no problem. When your portfolio is as diversified as those in the rich boys' club, you make just as much money (selling your short options) in a bad market as you do in a good one. And for anyone of us who does not register on their radar screen? Well all they have to do is cut interest rates and give us a check right? That should solve everything (sarcasm)!So tell me King George, how does an interest rate cut help the homeless? The jobless? The
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Tagged as george bush economy recession rebates federal reserve
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| Count Asian Bankers and Investors as one group that does not believe this so-called Economic Stimulus Package is going to work. The Asian boards were all down today on bad news from Japan, environmental factors in China and of course a US economy that has the world on edge.Why should everyone be on edge? Because this ain't your daddy's broker's market - things have changed and guys I know that have been in the Mutual Fund biz for decades are at a loss to fully explain it. The old release valves of regulation and rate adjustment might not have the firepower to control market stability as
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Tagged as economy recession asia black box stocks mutual funds
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| Wow George Bush, $600-$1200 bucks! Did you think of that all by yourself? Of course not, but you'll take credit for this latest half-assed attempt to stabilize the US Economy. This so called Stimulus Package is less than what the US spent in Iraq this year and it's supposed to keep us from recession? How is giving us a rent check going to stop the slide? Most people I know eligible for this "refund" have little or no money invested, they can't afford it. I'd say put it in the bank but with the dollar so weak there is no guarantee that it won't evaporate in the next few years.
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Tagged as economy stimulus package george bush usa iraq savings recession
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| Well another year and another huge spending bill for the US Government - it's getting to the point where it does not matter what big number they pull out. With the Dollar dropping like a rock, it's all funny money anyway. $555 Billion! That's right Billion, with $70 Billion going straight to Iraq to build more state-of-the art police stations nobody uses. In the meantime our roads and bridges here in America look like we're the ones that have gone through a war. American manufacturing has gone the way of the US Steel industry and the gap between rich and poor is making Karl Marx say "I
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Tagged as economy iraq usa recession revolution
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| That's all I hear about on the news these days, well actually since November 1st, is that Black Friday is coming. First off, what happened to Thanksgiving? There are radio stations already playing Christmas music! Many of us joke that Christmas comes earlier every year but this is ridiculous and it shows much about our collective conciousness. The economy sucks, the dollar is not worth the paper its printed on, forcasters and economist deny inflation and an upcoming recession and all the while the talking heads keep spewing this garbage about Black Friday. Like a one day spree of crazed comsumer
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Tagged as black friday economy recession
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