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So now all of the sudden the economy is in a rebound YEAH RIGHT!!!!

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bigdarryl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 04:39 AM
Original message
So now all of the sudden the economy is in a rebound YEAH RIGHT!!!!
They sure are trying to keep that power to the rethugs.http://biz.yahoo.com/ap/080828/economy.html
Spring's economic rebound unlikely to last: Financial News - Yahoo! Finance
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 04:43 AM
Response to Original message
1. Wait until the 8th straight month of job losses comes out next week.
Edited on Fri Aug-29-08 04:43 AM by HughBeaumont
Sorry, I gauge America by how well the little guy is doing, not by how well people who make multiple lotteries each year and call it "overall compensation" are doing. And none of us are living very extravagantly. Far from it.

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curious one Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 04:44 AM
Response to Original message
2. Don't believe it. It just started. Shit has not hit the fan yet.
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Yavin4 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 06:59 AM
Response to Original message
3. Stimulus Checks and Farm Exports
The number is real. It's from the govt borrowing billions of dollars and giving Americans a stimulus check.

Also, because we have rampant inflation and a weak dollar, our farm exports are really cheap to other nations. So, that pumped the GDP up, but it's bad for us because we have to pay higher prices for food.
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 07:03 AM
Response to Original message
4. Not in MY house. I think most Americans would agree that there own
personal economic situation is not improving.
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 07:07 AM
Response to Original message
5. They've been doing all they can. The Bush Admin is doing a Carter when he was against Reagan.
Edited on Fri Aug-29-08 07:08 AM by vaberella
He'll lose. He's trying to get as many things done before the end of his Presidency to end on a high note. But nothing will go through until after his Presidency which means Obama takes center stage for all those changes. <---As Obama rightfully should because he's been pushing those views for the last several months...2 years he's been around.
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 07:11 AM
Response to Original message
6. Since the GDP number...
... is adjusted by the inflation number, which is a TOTAL FABRICATION having nothing to do with price inflation experienced by everyone, the GDP number is also total baloney.

We are already in a technical recession and have been for months. The liars in Washington are pulling out ALL THE STOPS to keep this problem hidden until after november.

That is the WHOLE GAME at the present time.
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Bad Thoughts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-29-08 07:13 AM
Response to Original message
7. No, it's a yard sale
We all have extra cash in our pockets when we clear out the house and sell our junk on the street. Essentially, US manufacturing has been sucked up by foreign countries because it has been so cheap.
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