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Food stamps will HELP the economy?

Posted By: OMG... the ignorance is amazing, shameful.nm on 2009-02-07
In Reply to: Stimulus versus tax cuts - sm

nm


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Can buy soda with food stamps

I just asked my son's girlfriend who works at a grocery store if you can buy soda with food stamps and she said yes-no wine or beer, no toilet paper, shampoo or other nonedible things and no cigarettes, but soda and candy, chips, yes.


How is it dishonest to qualify for food stamps?
I don't think anybody is getting rich off foodstamps! The whole thing that set me off down below was the post about what people were buying with foodstamps.

I have a cousin who will not work - yes, he is a moocher. I don't condone what he does whatsoever. He gets a grand $110 a month in food stamps. Now tell me how that is really helping anybody? He could make that in half a day as he has his CDLs and can drive a truck for anybody.

Nobody is getting rich taking welfare!

I have a friend who got hurt 2 years ago and cannot work due to the injuries he sustained. Because he brings home 173.00 a week, he does not qualify for foodstamps, or any type of help because of his income. Now how do you support anybody off of that? He cannot afford even to get a project to live in. At $173 a week, his rent was going to be $300.

I cannot see a way to abuse the foodstamp program. It is a program that was designed to help low-income people and obviously people meet those requirements even working as a family!

Medicaid, food stamps, student loans take a hit...sm

House OKs budget bill cutting $50 billion in aid
Medicaid, food stamps, student loans take a hit



Zachary Coile, Chronicle Washington Bureau


Saturday, November 19, 2005


 













Washington -- House Republicans, after weeks of negotiations, narrowly passed a budget bill early Friday to cut $50 billion from Medicaid, food stamps, student loans and other programs over the complaints of Democrats that Congress is squeezing students, the elderly and the poor to pay for tax cuts for the rich.

The House approved the bill 217-215, after GOP leaders agreed to demands from moderate Republicans to jettison a measure to drill in the Arctic National Wildlife Refuge in Alaska and to slightly reduce proposed cuts to food stamps.

Still, the vote was so politically sensitive that House leaders didn't begin debate until 10 p.m. Thursday and didn't pass the measure until nearly 2 a.m. -- when most news reporters gone and only a few C-SPAN junkies could witness the fiery floor action. No Democrats voted for the bill, and 14 Republicans opposed it.

House Democratic leader Nancy Pelosi of San Francisco said in a floor speech that cutting money for Medicaid, child support enforcement and foster care as the House prepares to vote on $70 billion in tax cuts was a sin.

Republicans are launching an attack on America's children, on America's families, Pelosi said. They are also launching an attack on America's middle class, all of this to give tax cuts to the wealthiest people in our country.

But House Speaker Dennis Hastert, R-Ill., responded that the proposed cuts were needed to rein in the growth of federal spending on health care and other programs.

Medicaid is growing at a 7.3 percent growth rate per year, Hastert said. It has been growing for years. Is there a better way to do it? Is there a more efficient way to do it? Should we find some reforms to make it better? Yes, we should.

The House bill also would split the Ninth Circuit Court of Appeals in San Francisco, a goal of conservatives who have long complained the court is too liberal. But the breakup of the appellate court, which covers the country's Western region including federal cases that arise in California, is not part of the Senate budget bill. Sen. Dianne Feinstein, D-Calif., and senior members of the Senate Judiciary Committee are seeking to strip it from the final package.

The battle over the budget reconciliation bill now moves to a joint House-Senate conference committee, where lawmakers will have to make several critical decisions, including:

-- Will the final budget bill allow oil drilling in the Arctic National Wildlife Refuge?

The Senate version would allow drilling, but a group of House Republican moderates has pledged to oppose any final bill that would open the Alaskan wildlife refuge for development.

-- How deeply will lawmakers cut student loans?

The House bill would cut student loan programs by $14.3 billion, while the Senate version cuts them by $8.8 billion. The Congressional Budget Office has estimated the House bill would cause a typical college student with the average of $17,000 in student loans to pay an additional $5,800 in interest and fees over the length of the loans.

-- Will some legal immigrants lose their food stamps?

The House bill would cut off 220,000 people from food stamps by allowing legal immigrants to qualify for the food aid after seven years, instead of the current five years. The Senate bill does not cut food stamps, and moderate lawmakers are urging that it be dropped from the final budget package.

-- How will the cuts affect Medicaid recipients?

The House bill calls for $11.4 billion in cuts to Medicaid, while the Senate bill trims spending by only $4.3 billion. The House bill also would allow co-payments to rise over time with inflation and would deny Medicaid nursing home benefits to people with $750,000 in home equity.

-- Will child support enforcement be cut?

The House bill would slash funding for child support enforcement by $4.9 billion. The Senate did not include any cuts to child support enforcement.

-- Will Medicare be cut?

The Senate voted to eliminate $5.4 billion in subsidies for some regional insurance companies that agreed to participate in President Bush's Medicare prescription drug program. The House bill does not cut the subsidies.

Congress watchers expect that lawmakers are likely to split the difference between the House's $50 billion in cuts over five years and the Senate's $35 billion in trims. But the negotiations will be difficult for GOP leaders. Conservatives, especially in the House, have been pushing for deeper cuts. Republican moderates plan to lobby to restore funding for some programs.

House Republicans argue the heated rhetoric over the budget bill's effects is overblown because many cuts are simply limiting the growth rate of certain federal programs. For example, the proposed cuts to Medicaid would lower the annual growth rate in spending on the program from 7.3 percent to 7 percent.

But Democrats complained the cuts hit the wrong targets, including students struggling to pay for college. The Congressional Budget Office estimates the bill would increase costs to students and families by $8 billion, including nearly $5.5 billion in costs when students consolidate loans.

You're hurting the students of this nation, Rep. George Miller, D-Martinez, told Republicans in an angry floor speech. You're putting their families in debt. You're piling on the interest rates. You ought to be ashamed of it.

E-mail Zachary Coile at zcoile@sfchronicle.com.


And so helping them means just giving them a check and food stamps? SM

What about providing them the tools to deal with and live a productive life with their handicap or mental illness?  The problem with the liberals and their idea of helping humanity is that throwing money at the problem doesn't make it go away.  Do you know how many homeless people out there suffer with mental illness?  Do you know how many people with mentally ill family members weren't able to get their loved one the help they needed?  I'm talking tangible help, not just a monthly stipend that doesn't even cover the meds they require!


Do you realize that your husband, mother, father, sister brother, who ever can slice their wrists and take a handful of pills in an attempt to commit suicide, admit to their family they don't want to live, but when they show up to the ER and say "I didn't really want to kill myself" they just let them walk away with stitches in their wrists and after they've pumped their stomachs?  Did you know that even if they holler in the ER to the doctor, nurse, and social worker that they don't want to live and the most a family member can do to help their loved is an affadavit for a 96-hour hold in most states?  After 96 hours, they are deemed "okay" and released again to go on their merry way.


The liberal lawmakers have passed laws that say a mentally ill person has the right to be mentally ill.  They have a right to decide not to take their meds and they have a right to be homeless.  They are allowed to make decisions on their own which are detrimental to their well being, both physically and mentally!  A family member pleading to the court that this person is incompetent and cannot take themselves is virtually ignored.  I dare anyone to try to go to a court of law and get POA over a mentally ill loved one and see just how difficult it really is.  It's impossible thanks to the liberals.


Yeah, spend more taxpayer money on food stamps.
nm
Food pantries are running out of food, charity

donations are way down.


In this situation, people can't help other people if they can't help themselves.


Food for thought

 


If you have men who will exclude any of God's creatures from the shelter of compassion and pity, you will have men who will deal likewise with their fellow men.
St. Francis of Assisi


He who is cruel to animals becomes hard also in his dealings with men. We can judge the heart of a man by his dealings wtih animals.


Immanuel Kant








 


 


More food for thought. Another

WASHINGTON, Sept. 28 — Democrats and their allies mapped out a strategy on Friday that they hoped would enable them to override President Bush’s expected veto of a bipartisan bill providing health insurance for 10 million children, most of them in low-income families.


Democratic leaders said they would highlight the contrast between the president’s request for large sums of money for the Iraq war and his opposition to smaller sums for the State Children’s Health Insurance Program, known as Schip.


Speaker Nancy Pelosi, Democrat of California, said, “It’s ironic that in the very same week that the president says he’s going to veto the bill because we can’t afford it, he is asking, what, for $45 billion more over and above his initial request for the war in Iraq, money that we know is being spent without accountability, without a plan for how we can leave Iraq.”


Senator Edward M. Kennedy, Democrat of Massachusetts, said, “This is all a matter of priorities: the cost of Iraq, $333 million a day; the cost of Schip, $19 million a day.”


The campaign for the legislation will also include grass-roots advocacy and political advertisements, and will initially focus on about 15 House Republicans who voted against the bill. Supporters of the legislation hope to persuade them to switch.


But House Republican leaders said they felt sure they could sustain the veto, and two lawmakers on the Democrats’ list said that they would support Mr. Bush.


The bill passed this week by the House and the Senate would provide $60 billion for the program over the next five years, up $35 billion from the current level of spending. On Wednesday, the administration said it would seek $42 billion more for military operations in Iraq and Afghanistan, bringing its total request to nearly $190 billion for the 2008 fiscal year, which begins Monday.


In an interview on Friday, the House Republican whip, Roy Blunt of Missouri, said there was “a 100 percent probability” that the House would sustain the president’s veto.


But, Mr. Blunt said, the coincidental timing of the vote on the child health bill and the request for money in Iraq “was not helpful.”


The White House, on the defensive, is trying to bolster Republicans who fear they might be penalized by voters if they side with the president.


Dana Perino, the White House press secretary, said Friday, “It is preposterous for people to suggest that the president of the United States doesn’t care about children, that he wants children to suffer.”


Ms. Perino said the president had a policy difference with Democrats in Congress because he did not want “additional government-run health care, socialized-type medicine.”


Senator Charles E. Grassley, an Iowa Republican who helped write the bill, said he would reach out to House Republicans and urge them to override the veto.


“This bill is not socialized medicine,” Mr. Grassley said. “Screaming ‘socialized medicine’ is like shouting ‘fire’ in a crowded theater. It is intended to cause hysteria that diverts people from reading the bill, looking at the facts.”


The battle will be fought in the House, where the child health bill was approved on Tuesday by a vote of 265 to 159 — well short of the two-thirds majority that would be needed to override a veto.


Ms. Pelosi called Mr. Bush on Friday and said she was praying he would sign the bill.


But Mr. Blunt said: “I bet she’s praying for him not to sign it. The bill is all about politics. It’s pretty good politics for the Democrats.”


Still, Democrats face an uphill fight to persuade Republicans to change their votes. Supporters would need 289 yes votes to enact the bill over the president’s objections if all the members were voting.


The House now has 433 members and two vacant seats.


One of the Republicans singled out for special attention by Democrats was Representative Judy Biggert, from a suburban Chicago district. She was one of 16 Republicans who signed a letter to the speaker last week, urging her to take up the Senate version of the child health bill.


The compromise closely followed the Senate version, but Mrs. Biggert voted against it, saying, “It would push Americans one step closer to socialized medicine.”


In an interview on Friday, Mrs. Biggert said she would vote to sustain the veto.


Democrats said they would also focus their efforts on Republicans like Representatives Timothy V. Johnson of Illinois, John R. Kuhl Jr. of New York, Thaddeus McCotter of Michigan and H. James Saxton of New Jersey.


Mr. McCotter said he was a big supporter of the child health program, but would vote to uphold the president’s veto, even if critics ran television advertisements against him.


Under the bill, the federal excise tax on cigarettes would be increased to $1 a pack, from the current 39 cents.


“I vowed never to raise taxes on anybody, no matter how disliked they might be,” Mr. McCotter said in an interview. He said he would rather be voted out of office than go back on his promises to constituents.


Republican senators who worked on the compromise bill, like Mr. Grassley and Orrin G. Hatch of Utah, said they had tried in vain to persuade White House officials to join the negotiations.


Ms. Perino, the White House spokeswoman, said that after vetoing the bill, Mr. Bush would like to “sit down and come to a compromise” with Congress.


The Senate Democratic leader, Harry Reid of Nevada, said the president should not hold his breath waiting for such a deal. Democrats, he said, have already made many concessions to keep the support of Senate Republicans.


Whatt?? ( don't know where that dog food ad
???
Some food for thought.

A lot of times a "no" vote comes from some hidden provision that doesn't jive with the candidates' personal policies, i.e. it might not be that they disagree with the issue, but instead that they disagree with the strategy proposed to tackle it.


or use them to protect the food I have.
just a thought.
We don't buy dog food anymore....
and that saves a lot of money.
A day's wages for a day's food.......... sm
Ring any bells?
Healthy food...........sm
does not necessarily mean prime cuts of meat and exotic fruits and vegetables. Like the other poster mentioned, meats can be bought on sale and frozen for up to 6 months. Fruits and veggies can be also. Food dehydrators are also good to use for fruit bought in season. Just dehydrate it and then it can be used during the off season. Dried apples and apricots, for example, can be quite expensive in the stores, but dehydrate a sack of apples and you will have enough apples to last for a while to make pies or just to eat out of hand. A bag of apples at $3.99 is a lot more filling and goes further than a bag of chips at $3.99.
It should be for healthy food........... sm
because the same folks that load up their shopping carts with chips and soda and junk food on food stamps will be the same ones we have to provide medical care through Medicaid for because they have clogged arteries and poor digestive tracks and diabetes.

If I want to take my hard earned money and buy a bunch of junk and clog my arteries, the insurance that I pay for will (somewhat) take care of me. That is my choice and my business. As long as my tax dollars are going to feed others and take care of their health damaged by eating junk, I feel the government has every right to dictate what they eat.
Just some food for thought.
President Barack Obama said in Turkey : "We do not consider ourselves a Christian nation or a Jewish nation or a Muslim nation. We consider ourselves a nation of citizens who are bound by ideals and a set of values."

http://www.truthorfiction.com/rumors/g/god-constitutions.htm


I'm not sure if this website has any politicial affiliation (I couldn't find one), but I checked several of the states constitutions out and they were spot on.  Now, I'm not a Bible thumper (or even attend church regularly), but I thought this was interesting considering Obama's speech.  


Please note that at no time in any of these constitutions is anyone told that they MUST worship God.


 


Bet there was enough food to feed quite a few
This crowd in Washington (and I mean BOTH the Washington politicos and the Washington press) just don't get it, do they? For someone who was supposed to be so "politically savvy", BO has shown repeatedly that he has a political tin ear.
Apparently food is not the only thing she
She has no class whatsoever...maybe she is the love child of Pat Robertson and some cheap hooker?

Check this out: http://www.bettybowers.com/coulter.html#Anchor-Thi-12323

A little over the top but funny.
food for thought...go to this site:
compares the campaign planes.

http://bellalu0.wordpress.com/2008/08/07/obama-campaign-plane-vs-mccain-campaign-plane/

Cut and paste into your browser. This would suggest that perhaps Mr. Obama does have a problem with the American flag. It does to me.
Obama and Iraqi oil for food...
http://www.americanthinker.com/2008/03/obamas_iraqi_oil_for_food_conn.html
More like food for the garbage disposal.
smoldering racists that mobilize race baiting hoaxters and cyberspace KKK assassination plots are intimidation of the most dangerous and destructive kind. Biden's bystep of a health reporter married to a republican campaign strategiest whose questions have nothing to do with health, rather spew a laundry list of pub smear campaign tactics, designed to intimidate, is entirely appropriate. The cancellation of future interviews with tribal cultural warriors who would flame the fires of division is the only responsible action to take. Why pump wind into those hot air balloons?

Background checks of pub plant shams aimed as exposing desperate disingenous pub camp stunts should have been antcipated....but McC camp is not real big on careful vetting protocols. Your fringe blog puke about threats to O's detractors fall into the category of Biden's bystep. Will not dignify this divisive drum beat with further comment.
Well, then, don't shoot somebody for stealing your food. LOL
x
More food for thought on coal

I just watched the video where he stated he was going to put such high caps and make the coal industries pay mucho dollars and hopefully bankrupt the coal industry. BUT, he also stated he would use dollars they must pay if they want to use coal, for clean energy policies like wind power, etc.


 So, that said, how does he intend to pay for all his other energy technology if he bankrupts the coal industry and businesses that use coal? After all, if he bankrupts the businesses that use coal which, by the way, is most electric power plants, whose pocket will he be dipping into for the money for his clean energy policies???


Talking out of both sides of his mouth again.


Well don't really call chips and pop food. sm
I agree there needs to be stricter rules with regards what can be bought with foodstamps.  On the other hand, as I stated, these people don't want to work, will not work. They'll take it from you one way or another, either through government programs or at the point of a gun.
Don't agree at all-healthy food more exp
I don't agree with you at all that healthy food is less expensive. I live in Western NY and in the winter when the public market has less of a variety of fresh fruits and vegetables and I have to buy them at the store them and meat take almost all my budget; plus, milk and juice. Junk food is much cheaper and prepackaged food.
Don't buy prepackaged food. Aren't you

able to have a garden? Don't you have a produce market? Can or freeze veggies and fruits in season. Buy meats in bulk and freeze. Our markets allow food stamps. Stock up on a sale and freeze. Most meats last 6 months frozen.


DH has relatives in western NY and they always had plenty because they did the above. There was no junk food bought with food stamps. In fact, they never even applied for food stamps even though they would probably qualified for them. They took nothing free from the government. There was no junk food in their home, either except on a "special occasion."


Food stamp fraud

Please don't think I am accusing everyone who gets public assistance of this.  Many people who get the assistance really need it, and I have a friend who is an example. 


But there is also a subculture involved here.  People can qualify for food stamps who have undocumented income, under-the-table earnings, and even money from criminal activity.  They don't actually need the food stamps to eat, but they get them. 


Back when food stamps were actual coupons, there used to be a thriving black market in buying and selling food stamps for a percentage of their cash value.  Then the money could be used for tobacco, alcohol, drugs and other things.  Maybe the new debit card system put a stop to this, maybe not.  The money goes into your account every month.  All it would take is lending your card and sharing your PIN number with someone.  My friend has never been asked for ID.


And if the object of this assistance is to feed (and I think by that we mean nourish) people, is it right for parents to stuff their kids full of twinkies, chips and Pepsi with the food stamp money?  What the kids need is nourishment, not junk.  What we end up with is another poorly nourished, hyperactive generation that cannot  concentrate and learn in school, then cannot hold down an adequate job, and the cycle repeats itself. 


In the county where I live, if you are on public health assistance and get pregnant you have to comply with a whole host of requirements.  Parenting classes, classes on prenatal nutrition, classes on how to take care of an infant, regular checkups, drug tests, classes on contraception, etc.  You should consider this a job.  We are paying you to have a healthy baby, and these are your duties.  Women scream about this being degrading, and an invasion of their privacy. 


But honestly, if you accept the assistance, why would you assume there should be no strings?  Why would you assume you don't have to jump through some hoops to get it?  Do you expect to be left alone until the day of delivery, get a free stay in the hospital, and go your merry way?  Can't we assume that since this is your second illegetimate pregnancy, you don't really know what's causing it?  Or you forgot and need to repeat the class?


These types of assistance are supposed to be an investment society makes in improving the situation.  Used properly, they can be.  But often they are considered just another entitlement.  *Just gimme the money and get outta my face.*


Food addiction. Willpower.
nm
How many bottles of water and food packets
did Bush bring down with him on his massive Air Force One?  From what I could see, the man only handed out food that was already there.  What a guy! 
What's worse than cigarettes and junk food

is when family members and other private American citizens are forced to personally purchase and send BODY ARMOR to the troops because your precious God Bush doesn't care enough about them to supply them with adequate equipment that might help KEEP THEM ALIVE.  But to you CONS, the only good soldier is A DEAD ONE.  That's the difference between you and us:  We want them to stay ALIVE. 


Believe it or not, you are less important to me than I am to you.  Your words are wasted on me, because I don't possess one iota of respect for you and those of your ilk.  You simply aren't worthy of it.


If you find this board so objectionable, I can't understand why you continue to impose your presence here.  There is a CON board for your use and convenience.  Instead, you come here and impose your views on people who are of a different political ideology and then stomp your foot and whine and sigh and complain when they refuse to let you control them.  You're beginning to find out just how difficult it's going to be for you to control all Americans.  It just ain't gonna happen.  We don't want you imposing on our religious beliefs, we don't want you in our bedrooms, and we'll decide birth and death issues, as well as stem cell issues, and any other PERSONAL issues independently, without CON control, interference and intervention. 


You said you're leaving.  Time will tell what you're really made of and whether you're being honest and truly do leave or whether, like a true Bushie, you're NOT telling the truth.  My guess is not.


And a LARGE food-tray, to hold all those
:p

Cat-food's starting to look good. When that runs

Smoking is way worse than junk food.......nm
xxx
oops - meant fool, not food. HA HA
x
Food for thought on Capital Gains increase

Anytime you sell anything, be it a home, car, truck, or anything at all that appreciates in value, do you realize the capital gains tax will affect your bottom line?


Say you buy a car for $200 and know it's worth $1200. If you turn around and sell that car for $1200, you're paying capital gains on the difference.


If the O raises the capital gains tax to 24-25% like he wants to, it will be your loss. Do you really want to pay another $250 in taxes on something you paid $200 for?


I sure don't.


Food for thought..lame duck watch (sm)
http://www.msnbc.msn.com/id/26315908/#27670344
My mom died of obesity-related diabetes. I hope we tax food out of
x
Like phoney food stamp flyers covered with racial stereotypes,
Obama Halloween ghost hung in effigy to greet 5-year old trick-or-treaters weren't there? How about straight from the horse's mouth? Books have been written on the subject. Here's just one excerpt:

1. McCains use of the anti-Asian slur "Gook" publicly for 27 years before dropping the term for his current presidential run.
2. McCain's endorsement of George Wallace Jr., a frequent speaker at white supremacist events.
3. His vote against establishing a holiday for MLK's birthday and another vote to rescind the holiday, turning hypocrite to say "I was wrong" at a campaign rally.
4. While answering a question about divorced fathers and child support, McCain called the children "tar babies."

There is certainly no shortage of example of racial hatred out of the McCain camp? I could research the subject some more if necessary to prove this point, but I think you get the general idea.
Totally digging the food safety overhaul - no more downed cows. Good job Obama! sm

I didn't vote for Obama, I was one of those on the fencers.  But I must say one thing I am impressed with so far is his complete overhaul of the US food safety system and the new rule of no downed cows being put into our food system.


Some things should just be common sense, and they weren't being implemented.  Good job Obama!


Here's another one regarding the economy.

And you're right.  Some people do. 










The Joyless Economy
by Paul Krugman
The New York Times
December 5, 2005


Falling gasoline prices have led to some improvement in consumer confidence over the past few weeks. But the public remains deeply unhappy about the state of the economy. According to the latest Gallup poll, 63 percent of Americans rate the economy as only fair or poor, and by 58 to 36 percent people say economic conditions are getting worse, not better.

Yet by some measures, the economy is doing reasonably well. In particular, gross domestic product is rising at a pretty fast clip. So why aren't people pleased with the economy's performance?

Like everything these days, this is a political as well as factual question. The Bush administration seems genuinely puzzled that it isn't getting more credit for what it thinks is a booming economy. So let me be helpful here and explain what's going on.

I could point out that the economic numbers, especially the job numbers, aren't as good as the Bush people imagine. President Bush made an appearance in the Rose Garden to hail the latest jobs report, yet a gain of 215,000 jobs would have been considered nothing special - in fact, a bit subpar - during the Clinton years. And because the average workweek shrank a bit, the total number of hours worked actually fell last month.

But the main explanation for economic discontent is that it's hard to convince people that the economy is booming when they themselves have yet to see any benefits from the supposed boom. Over the last few years G.D.P. growth has been reasonably good, and corporate profits have soared. But that growth has failed to trickle down to most Americans.

Back in August the Census bureau released family income data for 2004. The report, which was overshadowed by Hurricane Katrina, showed a remarkable disconnect between overall economic growth and the economic fortunes of most American families.

It should have been a good year for American families: the economy grew 4.2 percent, its best performance since 1999. Yet most families actually lost economic ground. Real median household income - the income of households in the middle of the income distribution, adjusted for inflation - fell for the fifth year in a row. And one key source of economic insecurity got worse, as the number of Americans without health insurance continued to rise.

We don't have comparable data for 2005 yet, but it's pretty clear that the results will be similar. G.D.P. growth has remained solid, but most families are probably losing ground as their earnings fail to keep up with inflation.

Behind the disconnect between economic growth and family incomes lies the extremely lopsided nature of the economic recovery that officially began in late 2001. The growth in corporate profits has, as I said, been spectacular. Even after adjusting for inflation, profits have risen more than 50 percent since the last quarter of 2001. But real wage and salary income is up less than 7 percent.

There are some wealthy Americans who derive a large share of their income from dividends and capital gains on stocks, and therefore benefit more or less directly from soaring profits. But these people constitute a small minority. For everyone else the sluggish growth in wages is the real story. And much of the wage and salary growth that did take place happened at the high end, in the form of rising payments to executives and other elite employees. Average hourly earnings of nonsupervisory workers, adjusted for inflation, are lower now than when the recovery began.

So there you have it. Americans don't feel good about the economy because it hasn't been good for them. Never mind the G.D.P. numbers: most people are falling behind.

It's much harder to explain why. The disconnect between G.D.P. growth and the economic fortunes of most American families can't be dismissed as a normal occurrence. Wages and median family income often lag behind profits in the early stages of an economic expansion, but not this far behind, and not for so long. Nor, I should say, is there any easy way to place more than a small fraction of the blame on Bush administration policies. At this point the joylessness of the economic expansion for most Americans is a mystery.

What's clear, however, is that advisers who believe that Mr. Bush can repair his political standing by making speeches telling the public how well the economy is doing have misunderstood the situation. The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good.


The economy. It's not going anywhere
counting.
Economy going down is right.
work for, the largest transcription company in the US, is now paying us for ASR, 60% and others will get straight 4 cents a line. 
Actually, no, not the economy....(sm)
I was actually referring to Pelosi and her power grab, cutting off all GOP opposition, behind closed doors, that no one will ever hear about again, from the other day.

And did you catch Barney Frank today on the retroactive rules on the TARP?


http://www.newsmax.com/politics/tarp/2009/01/09/169663.html?utm_medium=RSS
What I am doing to help the economy

1.  I pray for this country and the president every day.


2.  I'm not constantly complaining about everything.


3.  I am not watching the DOW like it's American Idol.


4.  I’ve taken fiscal responsibility for me and my home.


5.  I give what I can to the food banks and my church etc. to help those who need help.


 


I did not vote for President Obama.  I do not think he is the messiah and I certainly will not blame him for the mess we are in right now simply because we all played a part.  No one forced anyone to take house loans that they could not pay, no one forces us to use our credit card and run up debts and live beyond our means, no one predicted that you would take a loan and then lose your job and be in foreclosure and no one regulated the banks like they should of.


 


Now that being said, in a crisis it is so easy to look for someone to blame, become angry, and forget who we are.  So my advice the next time you are at your kitchen table wondering how you are going to make ends meet, that you remember who you are, an American.  I would also advise getting some debt management help.


 


So please, instead of running around with your hands up in the air thinking the worst and claiming the sky is falling, try listening to the Star Spangled Banner or something that is positive.  I have found that this helps me a lot.


 


Now let us all take a good long look in the mirror, have a little faith in ourselves as a country and stop beating up on each other.  Have a good day everyone and God Bless America.


 


What I am doing to help the economy

1.  I pray for this country and the president every day.


2.  I'm not constantly complaining about everything.


3.  I am not watching the DOW like it's American Idol.


4.  I’ve taken fiscal responsibility for me and my home.


5.  I give what I can to the food banks and my church etc. to help those who need help.


 


I did not vote for President Obama.  I do not think he is the messiah and I certainly will not blame him for the mess we are in right now simply because we all played a part.  No one forced anyone to take house loans that they could not pay, no one forces us to use our credit card and run up debts and live beyond our means, no one predicted that you would take a loan and then lose your job and be in foreclosure and no one regulated the banks like they should of.


 


Now that being said, in a crisis it is so easy to look for someone to blame, become angry, and forget who we are.  So my advice the next time you are at your kitchen table wondering how you are going to make ends meet, that you remember who you are, an American.  I would also advise getting some debt management help.


 


So please, instead of running around with your hands up in the air thinking the worst and claiming the sky is falling, try listening to the Star Spangled Banner or something that is positive.  I have found that this helps me a lot.


 


Now let us all take a good long look in the mirror, have a little faith in ourselves as a country and stop beating up on each other.  Have a good day everyone and God Bless America.


 


Please take Economy 101
Your pathetic little woe-is-me mentality is the problem with the economy.

Wake up, eejit. The 'rich' people are the ones paying all the taxes. The runts at the bottom - you know - the ones so unintelligent or unmotivated to make it in the world - pay no taxes and suck all the money out of the country.

No country ever got anywhere by taking down the successful people and raising up the ingrates. In America, you can get rich if you want to. But you have to work for it. If you don't have the guts or the self-motivation, you get to live according to your own means.

Suck it up.
The Economy

The Economy - Not the President - is Tanking the Market


by:  Hale Stewart



One of the more ridiculous statements going around over the last few weeks is "this is an Obama bear market." This statement is, well, ill-informed at best and fraudulent at worst. Let's look at why.


First -- who is saying this? Such economic luminaries as John Hawkins at Right Wing News (who actually asked Is Obama Deliberately Tanking the Stock Market?), Powerline, Brit Hume along with a host of other right wing bloggers. What all of these people have in common is their incessant chearleading during the Bush years despite mounting evidence of an upcoming recession. There are the same people who argued that ... housing is a small part of the economy ... most people are paying their mortgages ... the US economy will decouple from the rest of the world .... it's the greatest story never told ..... you get the idea. Simply put, these are people who have distinguished themselves by being some of the best contrary indicators around.


Secondly, the SPYs -- the tracking ETF for the S&P 500 -- dropped from (roughly) 155 in the summer of 2007 to (roughly) 85 at the end of last year. Yet I don't remember any of them saying that was the Bush bear market -- even though that's a drop of roughly 43%. No -- it's the new President that's causing the problems. In addition, when Bush took office the SPYs dropped from roughly 130 at the begging of 2001 to 85 in the fourth quarter of 2002. Yet somehow I don't think any of them blamed Bush's policies for the drop. Then it was the "lasting effects of the Clinton recession" or something similar.


What all of these idiots are forgetting is the simple fact that the economy is the backdrop of the stock market. When the economy does well the stock market does well. When the economy doesn't do well, the stock market doesn't do well. And to that end, the economy isn't doing well right now. Let's look at some recent news events.


From the BEA:


Real gross domestic product -- the output of goods and services produced by labor and propertylocated in the United States -- decreased at an annual rate of 6.2 percent in the fourth quarter of 2008,(that is, from the third quarter to the fourth quarter), according to preliminary estimates released by theBureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.

From the BLS:



Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors.



From the Federal Reserve:


Reports from the twelve Federal Reserve Districts suggest that national economic conditions deteriorated further during the reporting period of January through late February. Ten of the twelve reports indicated weaker conditions or declines in economic activity; the exceptions were Philadelphia and Chicago, which reported that their regional economies "remained weak." The deterioration was broad based, with only a few sectors such as basic food production and pharmaceuticals appearing to be exceptions. Looking ahead, contacts from various Districts rate the prospects for near-term improvement in economic conditions as poor, with a significant pickup not expected before late 2009 or early 2010.

Consumer spending remained sluggish on net, although many Districts noted some improvement in January and February compared with a dismal holiday spending season. Travel and tourist activity fell noticeably in key destinations, as did activity for a wide range of nonfinancial services, with substantial job cuts noted in many instances. Reports on manufacturing activity suggested steep declines in activity in some sectors and pronounced declines overall. Conditions weakened somewhat for agricultural producers and substantially for extractors of natural resources, with reduced global demand cited as an underlying determinant in both cases. Markets for residential real estate remained largely stagnant, with only minimal and scattered signs of stabilization emerging in some areas, while demand for commercial real estate weakened significantly. Reports from banks and other financial institutions indicated further drops in business loan demand, a slight deterioration in credit quality for businesses and households, and continued tight credit availability.




From the FDIC:





Expenses associated with rising loan losses and declining asset values overwhelmed revenues in the fourth quarter of 2008, producing a net loss of $26.2 billion at insured commercial banks and savings institutions. This is the first time since the fourth quarter of 1990 that the industry has posted an aggregate net loss for a quarter. The ?0.77 percent quarterly return on assets (ROA) is the worst since the ?1.10 percent in the second quarter of 1987. A year ago, the industry reported $575 million in profits and an ROA of 0.02 percent. High expenses for loan-loss provisions, sizable losses in trading accounts, and large writedowns of goodwill and other assets all contributed to the industry's net loss. A few very large losses were reported during the quarter-four institutions accounted for half of the total industry loss-but earnings problems were widespread. Almost one out of every three institutions (32 percent) reported a net loss in the fourth quarter. Only 36 percent of institutions reported year-over-year increases in quarterly earnings, and only 34 percent reported higher quarterly ROAs.


I could go on, but you you get the idea. The news of the underlying economy has been terrible (at best). And that's what's causing the problems.

 



The economy had nothing to do with ........
his jumping to grow BIG and BIGGER government; he was going to do that regardless of the economy. Obama is for big government and was WAAAY before he was elected. The economy was a good excuse to scare people into electing him, as if this country couldn't pick itself up, get rid of the bad, new companies come in, and the economy would continue all on its own, WITHOUT Obama's interference. But, of course, he jumped at the chance to push his HUGE government agenda by taxing us to death. Please don't tell me you won't pay any taxes. How in the heck do you think trillions of dollars of debt will be repaid..... and no, it won't be those mean old "rich" people everyone loves to hate and it won't be the big businesses Obama wants you to hate, it will be YOU and me..... business will just pass their increased tax load onto us!! Way to go Obama!!
And the economy isn't already gasping its

So is theft of the economy! nm
xx
why can't the economy be first and we have the debate...
after it is fixed. Why does the debate HAVE to be on Friday?