reply to post by mybigunit
You mean this news, I found the link to the news story,
Bush Considering Economic Stimulus Package Amid Sliding Home Prices, Rising Oil Cost
In his end-of-the-year message, Bush said, "The underpinnings of our economy have proven strong, competitive, and resilient enough to overcome
the challenges we face."
Mr. Bush do what Mr. Bush is good at, surround himself with yes men and his own hand picked financial advisers
collect the reports that make
his administration good and lie as usual to the American people. But hey itsn’t that what politicians are good at in time of an upcoming crisis.
Let look at this facts,
The euro rose to 1.4746 dollars at 2200 GMT after 1.4721 late Wednesday in New York.
The dollar was trading at 109.30 yen, down from 109.59 on Wednesday.
When the dollar gets down is less attractive to investors, making the dollar even more weaker than we want it to be.
In December only 40,000 jobs where created 173,000 in November.
Market analysts had forecast a figure of 45,000.
The total number of people collecting unemployment insurance rose for a fourth straight week, to the highest since October 2005, the report also
The problem with this is that our government do not take into consideration that this a nation of 300 million people
40 thousand jobs on
do not fed a family of 4 anymore.
This numbers do no reflect how many unemployed adults with family are out there, neither how many college students graduate and can not find a job,
neither how many high school students no college bound are trying to find a job.
Do the math you do not need to be a mathematician to understand that 40 thousand jobs is nothing but lose change in a nation of 300 million
Now from that amount how many good skill jobs are outsourced to India and Pakistan over US college graduates?
The figures are a shame to what is call the land of opportunity .
Let look at exports even with a week dollar,
The Institute for Supply Management (ISM) said Wednesday that its index of US manufacturing activity dropped to 47.7 in December, the lowest
level since April 2003 and down from 50.8 in November.
We have a trade deficit, that means that our goods are not in demand in countries that already have surplus of goods.
Why buy American goods when their own goods are cheaper? Trade unfair practices and a government that is doing no a darn thing to fix it is the one at
fault in our nation.
We are a nation of consumers that depend on credit and we have been made dependent on foreign goods thanks to the worst idea given to Americans
Americans Falling Behind on Credit Card Payments at Alarming Rate
No our future do not look good no matter what Mr. Bush said.
Reports can be manipulated but the truth will set this nation free
BTW I posted this on another thread.
[edit on 4-1-2008 by marg6043]