Posted on 04/14/2008 1:02:48 PM PDT by NYC Republican
“I’m not a fan of “polls”, but most of America is singing a pretty nasty song about their personal finances and job prospects. My only point is that McCain is to connecting with them.”
Perhaps, but I’m not sure there’s a lot he can do to placate them.
Recession or slowdown - take your pick. When scrap metal prices go up 40% in one month (March to April)& over 90% from this time last year, bad things are happening.
A recession is two consecutive quarters of negative GDP growth. We have not had that. Therefore, it isn't clear that we are in a recession because we aren't.
Errrr.... Bush cut the federal income tax rate TWICE! No rebate. Federal income tax rates slashed twice. I keep $4K more per year of my income. Do you draw a paycheck?
No recession until the neighbors have to sell the snowmachines, four-wheelers, and dirt bikes they bought their darling sons so that they may put food on the table.
There are always periods of expansion and contraction called the ‘business cycle’. No matter how many politicians pay lip service to an ‘economic crisis’, there is little or anything they can do to change the business cycle.
A financial crisis alone usually isn’t enough to bring on a recession or a contraction in the cycle. The Democrats not being in power during an election year is a much better catalyst.
The economy runs on trust between individuals, businesses and financial institutions. The Democrats and their Fifth Column, the media, are more than willing to take actions to magnify and embellish any legitimate mistrust in order to gain power. Once the trust is broken and consumer confidence shaken, it all too often becomes self-fulfilling prophecy.
Understand, the pendulum has shifted against us to the other side. You even hear Republicans asking, “What is the Government going to do about the current crisis?”. NYC Pub, frankly and honestly, McCain doesn’t have enough sense to shut his trap. I don’t think there is a way that a Marxist like Obama can win a General Election, yet, McCain will do all he can to test that theory.
From reading your posts you have no understanding of Bush tax policies.
No one lost anything if they are long term. In fact, if they are contributing monthly/weekly to their 401K then their contribution is buying more stocks per dollar during this downturn. That's good! Go look up "dollar cost averaging." You are a liberal so I don't expect you to understand money beyond having the Big Nanny State Federal Government give you some for free.
That's called inflation and caused by people having too much money.
Bingo! That's the problem...We all have too much money! It's becoming a burden.
:o
Really? Unemployment low, interest rates low, growth almost every quarter. Sure there's a real estate bubble in which speculators lost money. However, millions of average Americans are still sitting on an increse of wealth because their homes homes have gone up in worth.
Anytime you have income and cap gains tax cuts they have a positive effect...the Bush tax cuts were a huge plus. Don't swallow the Democrat demogoguery.
That's what Turbotax told me when it was time for my stimulus package rebate... Told me to get lost.
Stimulus package? With all the money everyone has, I’m sure most will be giving theirs away, or just sending it back.
Get back to work! Those burgers don’t flip themselves... ;-)
Right... even more so, the fact that the banks were pressured to provide loans to illegals and other wholly unqualified folks greatly exacerbated things.
be careful...you just never know whom you’re speaking to. Lot’s of people in self directed IRA’s and 401k’s held bank lots of bank stocks...and if they are in their late 50’s or early 60’s they are very concerned that they may never recover. A number of large pension plans held bonds that are now uninsured. Same with housing; if you bought last year (at the top)....you could actually be under water the minute your neigbors start to sell (or default) at lower prices and pull down the “comps. There is a lot of very legitimate concern out here in the real world.
So don’t be so snotty
Remember when W sent out Ari Fleischer to state he was adamantly opposed to capital gains tax cuts?
Exactly. See my tagline, concurs with the latter part of your post.
Burger flipper?
Oh, you’re suggesting only burger flippers are not swimming in money. I have no doubt they too have too much money as you suggested a few posts up.
I agree with you...People just has too much money and this will no doubt eventually hurt the economy.
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