Activism and Politics => Politics => Topic started by: NicholeW. on September 14, 2008, 10:22:07 AM Return to Full Version
Title: It's The Economy, Stoopid!!
Post by: NicholeW. on September 14, 2008, 10:22:07 AM
Post by: NicholeW. on September 14, 2008, 10:22:07 AM
Amid a Painful Economic Meltdown, Will Obama Be Bold Enough to Win?
By Joshua Holland, AlterNet. Posted September 13, 2008.
Americans are ready for deep and substantive change -- will Obama deliver what they seek?
http://www.alternet.org/workplace/98495/?page=1 (http://www.alternet.org/workplace/98495/?page=1)
Voters may not follow every twist and turn of the election -- they may not brush up on each of the candidates' policy proposals -- but they know when they're hurting economically, and almost unprecedented numbers now say the country is on "the wrong track."
The Bush years have been bad. In fact, as economist Jared Bernstein noted, when one compares the economic peak of the past cycle, in 2000, with the high point of the business cycle that just ended in 2007, households in the middle actually lost ground, earning $300, adjusted for inflation, less than they did in 2000. The worst this group had done in previous business cycles occurred during the 1970s, when median income "only" increased by about $2,000. In comparison, the income for a family in the middle rose by almost four grand during the 1990s.
By Joshua Holland, AlterNet. Posted September 13, 2008.
Americans are ready for deep and substantive change -- will Obama deliver what they seek?
http://www.alternet.org/workplace/98495/?page=1 (http://www.alternet.org/workplace/98495/?page=1)
Voters may not follow every twist and turn of the election -- they may not brush up on each of the candidates' policy proposals -- but they know when they're hurting economically, and almost unprecedented numbers now say the country is on "the wrong track."
The Bush years have been bad. In fact, as economist Jared Bernstein noted, when one compares the economic peak of the past cycle, in 2000, with the high point of the business cycle that just ended in 2007, households in the middle actually lost ground, earning $300, adjusted for inflation, less than they did in 2000. The worst this group had done in previous business cycles occurred during the 1970s, when median income "only" increased by about $2,000. In comparison, the income for a family in the middle rose by almost four grand during the 1990s.
Title: Re: It's The Economy, Stoopid!!
Post by: debbie j on September 14, 2008, 07:30:52 PM
Post by: debbie j on September 14, 2008, 07:30:52 PM
this is so very true nichole it is the economy and giveing how its been going as of late ::) ::). and now the deal with Lehman brothers
going in to the fire . it makes you wounder which one is next . and will it stop there or keep going . ::) ::). and i normaly dont say this
for the reason being . it belive its a personal choice as to where one puts there moneys inregards to stocks or anything like that . but
but its good idea to just put the cash in the saveings acounts for a while and let it grow there . and at lest that way it is safe for the
most part i beleive ::)
going in to the fire . it makes you wounder which one is next . and will it stop there or keep going . ::) ::). and i normaly dont say this
for the reason being . it belive its a personal choice as to where one puts there moneys inregards to stocks or anything like that . but
but its good idea to just put the cash in the saveings acounts for a while and let it grow there . and at lest that way it is safe for the
most part i beleive ::)
Title: Re: It's The Economy, Stoopid!!
Post by: lisagurl on September 14, 2008, 08:41:37 PM
Post by: lisagurl on September 14, 2008, 08:41:37 PM
Quotefor a while and let it grow there . and at lest that way it is safe for the
most part i believe
Lets do the math. 3% yield in savings then it is taxed. The inflation rate is 5% and climbing that equals more than 2% loss in the value of your money in a savings account. That is called growing? It sounds more like marketing.
Title: Re: It's The Economy, Stoopid!!
Post by: Hazumu on September 15, 2008, 12:12:36 AM
Post by: Hazumu on September 15, 2008, 12:12:36 AM
They WILL vote against their economic interest, because 'real men' don't accept 'handouts'.
Watch bush telling tornado victims 'life is unfair'. That's the real message -- 'don't expect help from anybody but yourself.' And you better be a real man to protect your family against the cruel world.
http://www.youtube.com/watch?v=yE8FVkxdvzM (http://www.youtube.com/watch?v=yE8FVkxdvzM)
There are those for whom it AIN'T the economy -- yet...
Karen
Watch bush telling tornado victims 'life is unfair'. That's the real message -- 'don't expect help from anybody but yourself.' And you better be a real man to protect your family against the cruel world.
http://www.youtube.com/watch?v=yE8FVkxdvzM (http://www.youtube.com/watch?v=yE8FVkxdvzM)
There are those for whom it AIN'T the economy -- yet...
Karen
Title: Re: It's The Economy, Stoopid!!
Post by: debbie j on September 15, 2008, 08:04:23 AM
Post by: debbie j on September 15, 2008, 08:04:23 AM
Quote from: lisagurl on September 14, 2008, 08:41:37 PMQuotefor a while and let it grow there . and at lest that way it is safe for the
most part i believe
Lets do the math. 3% yield in savings then it is taxed. The inflation rate is 5% and climbing that equals more than 2% loss in the value of your money in a savings account. That is called growing? It sounds more like marketing.
well lisa it might look like marketing . and i admit i dont play the stock market,s but i do keep tab,s on it . as well iam sure you do too. and the only
reason i spoke about the saveings acount idea is this. giveing how that the Lehman Brothers deal is now it is faceing bank fourcloser
and that the govement is not going to bail them out like they did on the freddy mack or fanny mae deals . and then with the
government-brokered takeover of Merrill Lynch by the Bank of America for $50 billion. going on right now . it just seams like it is the best way to have
your money in a saveings acount . where it can get a little interest. and it lest it is backed by the goverment so if things happpen to get worse at lest
your money will be safely covered by the goverment is what iam thinking . and the other thing that gets me is that when monday comes and the
stock market,s open again . is it going to be a repet of the market going back down hill. and how far south is it going to go if it does go south again
come monday . sigh the only thing i think one can really do right now is just set back and wait and see what monday does bring to the markets . see
how far south it goes . soo if i can ask lisa what do you think?? :)
Title: Re: It's The Economy, Stoopid!!
Post by: karmatic1110 on September 15, 2008, 08:19:07 AM
Post by: karmatic1110 on September 15, 2008, 08:19:07 AM
There is no safety in a fiat currency. Safety is in precious metals.
Title: Re: It's The Economy, Stoopid!!
Post by: lisagurl on September 15, 2008, 09:29:21 AM
Post by: lisagurl on September 15, 2008, 09:29:21 AM
Quotei admit i dont play the stock market
That is the tip of the problem. Stocks are not play toys. Investing takes a lot of research to put you capital in investments that are socially in sync with your morals. Investing is not about making money it is about making the world a better place. If you choose wisely, people doing the right thing can not help the fact that they will become richer.
Title: Re: It's The Economy, Stoopid!!
Post by: debbie j on September 15, 2008, 12:44:08 PM
Post by: debbie j on September 15, 2008, 12:44:08 PM
Quote from: lisagurl on September 15, 2008, 09:29:21 AMQuotei admit i dont play the stock market
That is the tip of the problem. Stocks are not play toys. Investing takes a lot of research to put you capital in investments that are socially in sync with your morals. Investing is not about making money it is about making the world a better place. If you choose wisely, people doing the right thing can not help the fact that they will become richer.
lisa your right and stocks sure ant play toys . i guess thats just the one reason why i dont get into the stock markets at all ::)