HOOVER: "BUSH'S IS THE WORST ECONOMY EVER!"
Posted on 10/31/2007 5:50:09 AM PDT by Brilliant
Uh, no, my income hasn’t doubled in 5 years. But neither has inflation. Gas is a small component. Yes, fuel costs for my car have doubled in five years. On the other hand, I just bought a 23-inch monitor with 1000:1 contrast ration and 1900 columns of pixels for $220, down from about $3,000 five years ago.
Economic growth is from decreasing costs of production, mostly through technological innovation. Such innovation affects handcrafts and natural resources the least.
HOOVER: "BUSH'S IS THE WORST ECONOMY EVER!"
Heck, I thought we were all doomed.
Such innovation affects handcrafts and natural resources the least.
Yes I agree. But natural resources are still a large component of this economy...and we are not doing enough to get less dependent soon enough. We need to start building nuclear plants right now. We need to slash our dependence on foreign oil by half within a year...soon thereafter completely
Time is of the essence. We are still too dependent.
I agree about nuclear technologies, my only point was that the surge of fuel costs does not contribute that strongly to inflation, and does not indicate that our measurements of inflation are somehow broken or unfair.
“Made in the U.S.A.” has real value.
“Manipulations in the free market should be viewed as just that.”
The real humor will be America and friends moving away from foreign anti-West oil producers to buy from local markets (bio-fuels especially). That will be a hoot.
“...all those economy experts are wrong yet again.”
They must have had the same professors from the same college that taught “Global Warming is Caused by Humans”.
Agreed. My citing “lawsuits” in these statements is always inclusive of over regulation of many sorts, including the environuts.
Ah yes... There it was! Brevity and consolidation is the soul of wit, right? (grin)
And the stock market drops 360 points. The Fed is playing us for suckers --
Yeah, we need Hillary to fix all the problems. LOFL
But Bushs stewardship of the economy is terrible! Hoover! /s
“I may just TIVO the MSM evening news programs to watch their spin on this number.
Teeth are gnashing, heads are spinning, meetings are being called, and strong, strong coffee is being brewed.
“Ahem, I say ahem again, ahem; I say old chap, how in hell are we going to spin this”?
You posted this on the 31st. Since mid October the market has dropped over 1000 points. Yesterday alone it dropped over 350. Today its been up a bit a down a lot.
No matter how we paint it, the world markets are in trouble and only being held up with a wish and a prayer.
Buy gold
“My investment return Jan 1, 2007 to Oct 30 has been 32.5%. If this is a horrible economy, I’m ready for a good economy.”
Did you realize that return, ie; convert your investments into money, or is it a paper return. I recall a lot of folk in my office in the spring of 2000 who were getting rich on their dotcom investmetns who saw all that gone by the end of the year and ended up losing tens of thousands. My pitiful conservative investment shift in 2000 ended my year up by only 2%, the only person in my company who made any money that year.
Paper return. As of last night 27.9 % YTD
I still have 15 years, maybe 10 until retirement. I weathered the 87 market, dot com. What else am I going to do with it?
I’ve lost tens of thousands in a day several times now.
If it was mine, I would move at least half into the most conservative investment pool you can find. I really believe we are going to see really bad times soon. If the central banks of the world stopped printing money and pouring cash into the system, we would already have seen a big drop, BIG. If you rpotect some of your retirement at the worst you will have what you have now in the evnet of a disaster. Going along for the ride simply means you get to start from the new low point instead of the high you are at if the economy goes way down.
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