A Few of FR's Finest....Every Day....04-27-06....JohnHuang2's ~ My Two Cents

JohnHuang2;dutchess | JohnHuang2

[dutchess]

A Few of FR's Finest....Every Day

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Report: Public expects Booming Economy to get even worse

by JohnHuang2

When it comes to public perception regarding the state of the economy, the perception couldn't be much gloomier. So says "right-wing" Fox News Channel, citing its latest "Opinion Dynamics" Poll, which reliably predicted Kerry would trounce Bush 17 months ago. (Libbies feel they can really trust polls because they're impervious to Rove's Diebold machines.)

The poll's "findings" were featured prominently at the Foxnews.com Web site in an article with the cheerful headline, Gloomy Economic Views; Bush Approval at New Low.

Bush, grappling with skyrocketing stock prices and near record low unemployment, could face defeat in November . . . who knows.

"Americans are more than twice as likely to rate the nation's economy negatively as positively," the "report" says. Only 28 percent think the economy doesn't suck, "while the widespread consensus is gloomier."

According to the poll, a solid majority say "it feels to them and their families" that this booming economy is getting even worse.

"By 59 percent to 21 percent, Americans say it feels to them and their families that the economy is getting worse rather than better," the poll found. The poll also found 75 percent say it feels to them that pollsters are idiots and refused to take the poll.

It isn't just FNC trumpeting gloomy polls about the economy. Over at CNN, we're told that 58 percent of Americans disapprove of Bush's handling of the economy, according to April's USA Today/Gallup poll."

"Gallup's annual update on personal finances shows . . . increased concern about maintaining standard of living" and about not having enough" to pay credit card bills, "rent, mortgage or other housing costs," "reports" Gallup on its homepage.

"Even as the Dow remains at six-year highs, investor optimism declined for the third month in a row," adds Gallup.

Here are some of the other upbeat headlines at Gallup:

Seven in 10 Consumers Expect Housing Bubble to Burst.

Public's View of Economy Has Never Recovered After Dot-Com Bust.

One in Five Consumers Worry About Making Their Monthly Payments.

Different Worlds: Financial Problems Across Income Groups.

Republicans All Alone in Viewing the Economy as in Good Shape.

Americans Remain Pessimistic About Economy.

MSNBC, citing the latest Los Angeles Times/Bloomberg poll, says Bush "continues to face weak public sentiment over his performance handling" the economy (39 percent versus 57 percent)." Even more troubling, Bush also gets low marks for his handling of the weather on planet Katrina.

Then, on Tuesday morning, we get news that despite a thousand media polls showing "weak public sentiment" and "growing pessimism" and deepening "gloom" or zero public confidence regarding the economy, "consumer confidence (rose) to its highest level in almost four years," (AP, 4/25). This, according to the Conference Board, whose index of consumer confidence is closely watched. The "index rose to 109.6" in April, right around the time a bunch of drooling morons were telling Gallup the economy stinks. The index stood at 107.5 in March. The index has soared almost 25 points since October.

"April's reading was the highest since the index touched 110.3 in May 2002," the AP acknowledges. Most "analysts had expected a reading of 106.4." Other, less gloomy analysts had expected a reading of 106.426478098.

The AP continues: "The component of the consumer confidence index that measures how consumers feel now about economic conditions rose to 136.2 from 133.3. Another component, which measures consumers' outlook over the next six months, improved to 91.9 from 90.3 last month."

Also, in April more consumers told the Conference Board that jobs are plentiful, fewer said jobs are "hard to get." And April saw a growing proportion of consumers expecting jobs to become available in the months ahead.

Point of all this? America is not a nation of economic girlie men, like the ones in FNC's phony poll on the economy. For a true gauge on how people feel, watch the Dow, watch consumer spending. Watch what people do, not what they tell political media pollsters.

Anyway, that's...

My two cents

03-28-06 ~ Hall of Fame #15

THIS WEEK'S THREADS 04-24-06 Military Monday 04-25-06 Laughter at the Finest 04-26-06 Warm Fuzzy Wednesday

Opinions by our own 'King of Ping' Every Thursday at the Finest The guy's good, folks!

[dutchess]

[dutchess]

He's Back!!!! It's Thursday at the Finest... Time for another tell it like it is JohnHuang2's 2cents!!!! ENJOY!!!

[luvie]

Woohoo...let the flames begin! John will set everyone straight, as usual. He should be required reading by memebers of Congress!

[Mrs.Nooseman]

Good Morning Dutchess,good morning John.

Thanks for posting Johns essay,dutchess.

Great essay John.

[MHGinTN]

'Economic Girlie Men' ... John does have a way with a phrase! Of course, this implies taking responsibility for your life rather than depending upon the federal coffers for your 'economics'. Thanx for the ping ...

[Mrs.Nooseman]

Morning LUV.

{{{HUGS}}}

[Rummyfan]

BFLR!

[luvie]

Good morning! (((hugs)))...how in the world are you this morning? Good to see you here! When ya gotta go to ****?

[dutchess]

Hi Luv!!! FIRST! Prize on the way :o)

[dutchess]

Hi Mrs. Noosy! Good to see you. Yes, it's good to have John back!

[luvie]

Wow! Do I get a toaster like I did on the Dose? LOL! How are you. I know YOU are worried about this booming economy! NOT!

[Mrs.Nooseman]

I am doing great.

I have to leave at 10 am.

What time do you have to go?

[luvie]

Awwww...darn! I was hoping you'd at least be going in late! I am off today. WOOHOO. I gotta work around here, though. Get this house up to speed before leaving on my FReeper trip!

[dutchess]

Found this last night :o)

[Mrs.Nooseman]

It's good to be here and to read John's essays once again.

[luvie]

WOW!!!!!...and I just snagged it! Awesome.

[dutchess]

Of course, this implies taking responsibility for your life rather than depending upon the federal coffers for your 'economics'. Thanx for the ping ...

Well put and thanks for YOUR 2 CENTS :o) !!!!!

[Mrs.Nooseman]

I wish I could stay home,but That's not going to happen.

I have three days off next week,but one will be spend running errands and going to appointments.~sigh~

[Rummyfan]

How fitting!

Rumsfeld / Rice 2008!

Wouldn't that get the libs panties' in a wad! An atomic wedgie.......

[Mrs.Nooseman]

That's a cool graphic.

I am loving it.:)