Originally posted by manson_322
man is USA becoming poorer and poorer day be day
anyways with children in USA obssessed with sex and hedonism and have no moral values, and having far inferior education to indians, japanese and chinese , it should be expected that will lose their jobs and be reduced to poverty
Originally posted by Key-Minder
In a way, I am like a pet cat who was fed tuna for the first time. Now that I have experienced the taste of tuna, I will not forget it, and I cry out for tuna every time I come in the kitchen, but now the tuna is no longer affordable. I am like the pet cat who watches the cat next door eat tuna for dinner every night and I know what it's like, I can taste it in my mouth because I had it before, but the tuna is no longer affordable, so I don't get any. But I know what it's like, yep, sure do, wow, it's very nice. So I go and eat my generic dried cat food. The same generic dried cat food week after week after week.
I have accepted a job paying 7 bucks an hour with a very small business that cannot afford to pay me more. This new job should supplement the other job I have which entails sporadic project work. Maybe now I can finally stop using my credit cards for partial rent payment, electric, phone and food. I dare say that it is an honor to work alongside fellow Americans who once new the taste of tuna, or only had visions of tuna, and eat dried cat food, week after week after week, in a land with such vast & abundant "amber waves of grain/tuna".
I am grateful that I have a small apartment. I had a grand house but I lost that.
I am grateful that I am able to obtain some food. I used to be able to do awesome grocery shops every 2 weeks.
I am grateful that I have a beat up car that runs. I used to have a sweet looking SUV but I had to sell it to help pay off a credit card and get a root canal.
I think this is how us Americans are supposed to live. This is it. It's living, but it's just a level, a way, way lower level of living, but only materialistic wise. Maybe I'll get used to it, insofar as it becomes only a slight dull pain in the back of my memory; those faded memories of knowing all about tuna, as I listen to stories around a fire, maybe someday in a tent city, where there is love at least.
WASHINGTON — Amid new worries about a possible recession, the housing slump and rising oil prices, President Bush is exploring an economic stimulus package to reinforce the U.S. economy.
White House press secretary Dana Perino said Thursday that Bush is closely monitoring economic trends and is seeking input from his economic advisers on the pros and cons of such a package.
"The president has indicated that he will not make up his mind as to whether or not to lay out a package until the State of the Union," Perino said about the president's speech on Jan. 28. "Our economic policy is like our military policy. It is based on conditions on the ground and the president listens to advice from his economic advisers."
On Friday, Bush will receive an update from a working group on financial markets, an interagency panel that meets regularly to discuss market conditions and regulatory policy. Treasury Secretary Henry Paulson is chairman of the group. The other members are: Federal Reserve Chairman Ben Bernanke; Chris Cox, chairman of the Securities and Exchange Commission; and Walt Lukken, acting director of the Commodity Futures Trading Commission.
The Commerce Department reported Thursday that orders for manufactured goods rose by 1.5 percent in November, the biggest rise since a 3.4 percent surge in July. But the increase reflected higher petroleum prices and was not seen as a sign of renewed strength in the nation's manufacturing sector.
The Federal Reserve cut a key rate three times last year. Many economists predict there will be more rate cuts to come to help energize a weakening economy.
The president says he knows the public is frustrated and restless about the economy, and that his administration is trying to help people deal with their mortgage crises, energy bills and education concerns.
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."
*Source of this Quote is here*
The total number of people collecting unemployment insurance rose for a fourth straight week, to the highest since October 2005, the report also showed.
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.
NEW YORK (CNNMoney.com) -- The United States is deep in its worst housing slump since the Great Depression, and according to a new report, it's not going to get better any time soon.
In a new survey, Moody's Economy.com says many metro areas will record losses of 20 percent or more during the downturn, with the national median price for single-family homes dropping 13 percent through early 2009. Factoring in discount offers from sellers, the actual price decline would be well over 15 percent.
One such place is Punta Gorda, Fla. In Moody's outlook, prices there will undergo the steepest correction of any U.S. market. From their peak during the first three months of 2006, to their bottom, forecast for the second quarter of 2009, prices will decline 35.3 percent. That's in nominal dollars; adjusted for inflation, the loss will be even greater.
The housing slump will have a substantial impact on the overall economy, according to Moody's, which says it will depress real gross domestic product by more than a percentage point this year and by 1.5 percentage points in 2008.
Originally posted by Rainy Day
To expand on that, I mean a system of percentages where the chief makes no more than forty times as much as the lowest paid worker. Or fifty times, or ten times as much, something where the numbers workout. This way the chief stays rich, he's happy and has incentive, and the lowest paid would also move up the scale of income, because their income increases at the same percentage rate.