Economy Keeps on Trucking
- A key forecasting gauge of the U.S. economy posted its biggest jump in seven months in January in a positive sign for economic growth
And as the New Orleans reconstruction hits its stride ... well, we're sure we only have to spell it out for Lefty and a few other communists.
posted by SCC at 12:04 AM
26 Comments:
1611 3rd watch is GREAT!
IS that better SCC?
Thats funny!
Lefty,
If this was Billy Bob, al-Gore, or John Kerry-Heinz you'd be screaming from that bully pulpit you lug around. Give it a rest already! There are 2 more years to go for GW. Do you think you can still be hating until then? Give credit where credit is due for once in your short myopic life.
Seiser gets the GUNS!
A new General Order is in the works to have all Police Officers who had Assault weapons registered with the city to turn them in or face suspension.
"Economy keeps on trucking"
That statement is a laugh. The Bush economy is in the red. The Bush economy has a long way to go before it ever catches up with the Clinton economy.
And the "Clinton economy" was inherited from the Reagan/Bush gravy train.
The economy does not turn on a dime. Reagan & Bush improved the economy markedly, and Clinton took it over and ran it into the ground during his eight year tenure. Unfortunately, Bush II now has to suffer as a result of Clinton's folly.
" "Economy keeps on trucking"
That statement is a laugh. The Bush economy is in the red. The Bush economy has a long way to go before it ever catches up with the Clinton economy. "
If you were paying attention, you would see that unemployment is lower than it was when clinton was prez. Inflation is holding steady and the consumer confidence is up. That means we are buying stuff.
According to the Dept. of Labor website, wages are going up. More people are working than when clinton was prez.
Before you say all the jobs are at Walmart, I agree that there a re a lot of service industry jobs. But there are just as many people getting hired in the medical field,financial services and construction.
The gas prices suck of course, but the demand is going up worldwide for a finite resource. When demand goes up and supply isnt, that means the price will go up.
Just my two cents, I'll now go fuck myself.
Yeah Bush is awsome! Great job with making sure the Arabs will control many of our major ports! I swear he's his own man not a puppet of BIG MONEY !
The EPA is pushing for a safety standard for the storage of ammo in a home. Haz-mat signs for your garage door. A letter of notice for your neighbors about the ammo.
Until you retire, then:
Predictions that health-care costs in the United States will rise dramatically as the population continues to age appear to be coming true.
According to federal forecasters, by 2015 one in every five U.S. dollars will be spent on health care, for total annual health-care spending of more than $4 trillion.
The forecasters also predict that growth in health spending will surpass growth in the United States' gross domestic product (GDP) over the next decade. Health spending will make up 20 percent of GDP, vs. 16 percent today.
Did anyone see the op-ed in the Suntimes today about pensions?
Guy said: hey why am I loosing my pension because I worked at UAL/GM/Ford/IBM/Enron/et al, and all these public workers, who my taxes pay for get a pension that my taxes pay for?
Boys we are going to be in trouble soon.....
THE G WILL FIND ITS SELF RESPONSIBLE FOR MOST OF THE PRIVATE PENSIONS BY DEFAULT.
SOCIAL SEC, MEDICARE, WELFARE COSTS WILL BE GOING THROUGH THE ROOF WITH BABYBOOMERS RETIREING. THE UNDERFUNDED PUBLIC PENSIONS (POLICE, FIRE,TEACHER, ETC...) WILL BE IN TROUBLE.
THE MOST SIMPLE SOLUTION WILL BE TO ROLL ALL OF THE ABOVE TOGETHER AND RAISE TAXES UNDER THE THREAT OF CUT BENIFITS....WHICH WILL HAPPEN ANYWAY.
THE FUTURE WILL BE ROUGH......FUND THOSE 507'S 401'S ETC...
The economy is great my ass. I have a $71,000 job and I can't even aford a freaking house in this shit hole!
THE FUTURE WILL BE ROUGH......FUND THOSE 507'S 401'S ETC...
2/22/2006 08:56:10 PM
Sure, but you can't save enough. The lastest figures on American savings show that we save on average -0.5%. THAT'S NEGATIVE a half of a percentage point!!
I've put away $300 a month for the last five years into deferred comp. I have a whopping $12 grand. That's bearly more than 1/2 of a 5% ernest money for a new $400g townhome on the NW side.
I'm 30. I won't be able to retire until I'm forced out at 63 because Daley is cancelling health care for retirees. 33 years from now I am would not be surprised that there is no pension for me (and us). So at my current rate of $12g / 5 years, when I retire I'll have a conservative $91g saved. BIG DEAL!
In 33 years a ranch on the NW side will cost $3.5M. Good right? Sure *I'll* be a millionare. So will everyone else. A Honda Civic will probabably cost a hundred grand.....
the honda civic is a good car.......home prices have peaked way above incomes and thats why the developers are discounting and the builders are in a big hurry to finish open projects and dump them. the music will soon stop and no one wants to be left holding the bag. you are right, they can either inflate their way out of this....everyone's a millionare but a million ain't shit or they can let the bubble burst and take down an industry for a while and anyone foolish enough to have financed the purchase of an over priced product with the use of a creative finacial instrument.
hard times are ahead.
Why do some of you continually refer to this City in disparaging terms such as "shithole of a city" or worse? Having traveled all over the world, I find this City to be one of the best cities in the world, a world class city, one that could compete with the best of them. It just amazes me. On another thread one poster made comments about his WIFE encouraging him to resign from this "hellhole". I'd like to know what kind of nonsense he's been feeding her. Why the hate? While there may be problems, remember, theres nothing thats perfect. Just yesterday I arose from a deep slumber, got dressed, took my dog for a walk and while doing that, marveled at how beautiful this City is and how lucky I am to be allowed to live here. I've got a great job which pays me very well considering the educational level that I completed. It has enabled me to put my three children through school, I have a nice house on the NW side, both my wife and I have 2 relatively new cars and when I retire, I will get a generous pension. Whats not to like? To listen to some of you one would think that you lived in Baghdad or Fallujah. I'll bet that any one of the residents of those cities would change places with any one of us in a nano second. So why the hate? My friends, I think it's time that some of you re-examine your lot in life and learn to appreciate the many things that this City and job has given you. Instead of complaining about how bad we have it we should be thankful for how GOOD we have it. Remember, the glass is NOT half empty, it is half FULL! Stay safe and have a great day.
Anonymous said...
Why do some of you continually refer to this City in disparaging terms such as "shithole of a city" or worse? Having traveled all over the world, I find this City to be one of the best cities in the world, a world class city, one that could compete with the best of them. It just amazes me. On another thread one poster made comments about his WIFE encouraging him to resign from this "hellhole". I'd like to know what kind of nonsense he's been feeding her. Why the hate? While there may be problems, remember, theres nothing thats perfect. Just yesterday I arose from a deep slumber, got dressed, took my dog for a walk and while doing that, marveled at how beautiful this City is and how lucky I am to be allowed to live here. I've got a great job which pays me very well considering the educational level that I completed. It has enabled me to put my three children through school, I have a nice house on the NW side,
* Sure. how old are you? When did you buy the house? How much did you pay for it? What would you want for it if you sold it today?
both my wife and I have 2 relatively new cars and when I retire, I will get a generous pension.
* Boy, lucky you. Again, how old are you?
Whats not to like? To listen to some of you one would think that you lived in Baghdad or Fallujah. I'll bet that any one of the residents of those cities would change places with any one of us in a nano second.
* That's not much of a comparison. Well, Chicago is better than Fallujah! Gee, when can I move in?
So why the hate? My friends, I think it's time that some of you re-examine your lot in life and learn to appreciate the many things that this City and job has given you. Instead of complaining about how bad we have it we should be thankful for how GOOD we have it. Remember, the glass is NOT half empty, it is half FULL! Stay safe and have a great day.
2/23/2006 07:35:36 AM
I'm in my mid 40's and when I sell my home,which I bought 4 years ago yes, I will ask more for it than what I paid. Whats your point? That housing is too expensive? I agree, but thats not exclusive to Chicago. I bought my first house in a shit area when I was 35. I saved and saved for it. Then I sold it and bought this one. I do feel sorry for the younger guys, I don't know how they will be able to afford a house unless they get some help from Mom and Dad. But does any of that make the city a shit or hell hole? I don't think so.
yeah,
the new guys have little to complain about except the fact that they cannot afford decent housing.
sucks to be them.
oh well.
Ya, everything works out for the Baby Boomers, as usual. The rest of us that have to follow just get shit on. Like a flock of locust, they get their fill and wonder why the hell everyone else is so damn hungry.
Anyone who thinks this economy is healthy is a MORON! We've got foreign debt in the TRILLIONS and still rising.The average American has little or no savings.Many of them base their net worth on the inflated value of their homes.Most are heavily laden with credit card debt.Thanks to the bank and credit card lobbiests Bush and congress both Republican and Democrat have made it all but impossible for middle class households to declare bankruptsy.WAKE UP PEOPLE!! We're living in a financial"house of cards."The cost of the Iraq war and hurricane Katrina will be so immense our grandchildren will still be paying off the principle.The rich are having a party.The working people of America weren't invited.But we're going to get stuck with the check just the same.Bush and Cheney will leave Washington wealthy men as will a lot of Senators and Reps.(Both Republican and Democrat.)Leaving the next administration with a steaming pile of s*%!# in the Oval Office. Something to think about while the majority of us are working 8 dollar a hour jobs with no benefits while paying massive taxes(they're coming)and paying off all that credit card intrest.
The data give a different perspective of the "fine" US economy.
The consumer report showed that median net worth in the US had grown just 1.5 per cent between 2001-04 -- the period of the Bush administration -- compared with 10.3 per cent between 1998-2001.
The reduction was due mainly to a sharp rise in household debt -- particularly home mortgage debt -- and a decline in real wages. Adjusted for inflation, wages have actually fallen 6.2 per cent.
Wages falling this much in a period of low unemployment certainly does not augur well for the next jobs crisis, but there was more worrying news in the figures on savings and share market investment.
yeah, can you say
D E P R E S S I O N
What shape Bush has in mind is clear. While the administrators of the president’s economic policies champion 11 consecutive quarters of GDP growth, Bush-mandated tax cuts ensure that the government will continue to make less while the rich and large corporations eagerly fill their coffers. In 2005, federal revenues were just 17.5 percent of GDP, 1 percent less than the previous 50-year average. By contrast, the Feb. 12, 2005 Economist reported that in 2004, after-tax corporate profits reached their highest level as a proportion of GDP in 75 years.
In the meantime, everyday Americans are spending more than they make. For the second straight year, personal savings have been in the red, a phenomenon that has only happened once before, at the height of the Great Depression. Research conducted by the Economic Policy Institute shows that the indebtedness of U.S. households has risen nearly 36 percent over the last four years. As a result, the gulf between the “haves” and “have nots” is reaching crisis proportions.
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