A blog about News.
|
LPGA demands its players speak English Should a 9-year-old with a fast fastball be banned from pitching? Way too much beach volleyball Who is Michael Phelps dating? Whites no longer U.S. majority in 2042 Are the Chinese cheating? Olympic thoughts: The lip-synching ain't the half of it Paper: The great oil bubble has burst Report: New team ready to take Blaze's spot Miss the Blaze? Maybe a little June 06 July 06 August 06 September 06 October 06 November 06 December 06 January 07 February 07 March 07 April 07 May 07 June 07 July 07 August 07 September 07 October 07 November 07 December 07 January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 June 06 May 06 April 06 March 06 February 06 January 06 December 05 November 05 October 05 September 05 August 05 July 05 June 05 May 05 April 05 Blog RollAsk The Californian Editorials Entertainment Eye of Bakersfield Faith Forum Fired Up! Inside Sports Neighbors Right Thinking Sound Off Talk of the Town 
RSS 2.0    Share!
|
|
|
Why we're gloomier than the economy
From the Washington Post: Ask Americans how the economy is doing, and their answer is stark: It is not just bad, it is run-for-the-hills terrible. Consumer confidence is at its lowest level in almost 30 years. Only 12 percent of Americans think the economy is in good shape. On the Internet, comparisons to the Great Depression are widespread. But the reality is different. According to most broad measures of how the economy is doing, it's not all that grim. This paradox has created a unique challenge for those guiding the economy, who worry that Americans' pessimistic views will become a self-fulfilling prophecy. Two-thirds of the economy is consumer spending. So if people's negative outlook leads them to cut their spending, a steeper downturn could happen. 5 comments from 5 users
1
posted by
randomfactor
on Jun 18, 2008 at 08:02 AM
Because they're asking the people in the bottom 90 percent of the economic spectrum, of *COURSE* they'll get a worse answer than if they asked the top 1% who have actually benefitted from the "Bush Boom." . The answer to your question is "realism." posted by
johnburnssucks
on Jun 18, 2008 at 09:34 AM
It can't be that bad in this valley; I've been selling the daylights out of lawn mowers, tractors, and especially gas grills. We offer free assembly on grills, and they're so popular that it takes three days to get yours assembled. posted by
Maggiepoo
on Jun 18, 2008 at 09:43 AM
"32 new listings for 93308, All homes for sale, All prices " All distressed /foreclosures June 18th " 30 new listings for 93308, All homes for sale, All prices" 28 distressed/foreclosures June 16th "416 new listings for 93308, All homes for sale, All prices" 403 distressed/foreclosures June 14th "10 new listings for Bakersfield, All homes for sale, Multi-Family Home, $0-$189,000 June 14th Doing great is Btown..
posted by
catpaw
on Jun 19, 2008 at 10:38 AM
So, that's what happened: the economy is down the toilet because I cut my consumer spending. Leave it to middle class wage earners and taxpayers to screw things up. But there's a way out---raise gas prices at the pump and jack up food prices and then I'll bet they'll spend more. Washington Post hires the mentally handicapped, no argument there. posted by
jfrancais
on Jun 19, 2008 at 10:59 AM
C'mon people. Buy stuff! It's the key to our economy. I know we bought houses and other consumer goods on credit but this time it'll be different. Use your stimulus check to circulate money into the economy to propagate the glorious myth of Capitalism.
1
Our readers recommend: |
