Americans reject GOP economic happy talk
By Steve Benen Wednesday Oct 10, 2007 1:17pmIn the most recent debate for Republican presidential hopefuls, Fred Thompson was asked why two-thirds of the nation believes that we are either in a recession or headed toward one. Thompson rejected Americans’ perceptions, describing the economy as “rosy.”
When CNBC’s Maria Bartiromo followed up, asking what explains the discontent in the public, Thompson said there were “pockets in the economy,” but the public hasn’t heard “the greatest story never told.” In other words, the economy is strong, but we’re just too dumb to realize it.
It looks like there are quite a few people living in those “pockets.”
A growing number of people say the economy is the nation’s top problem, with the less educated among the most worried, an Associated Press-Ipsos poll showed Tuesday. [...]
Given an open-ended opportunity to name the major problem facing the U.S., 15 percent volunteered the economy. That was six percentage points more than named it when the AP-Ipsos poll last asked the question in July.
“They talk about a big surge in Iraq; well, there hasn’t been a big surge over here,” said Sadruddin El-Amin, 55, a truck driver in Hanahan, S.C., who named the economy as the top problem. “The job market isn’t getting any better, not for the working class.”
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Yet again Hollywood Fred proves why he's unfit to be President.
I'm sorry, but I thought Maria Bartiromo was cool after Joey Ramone wrote a song about her. After seeing her recently on Real Time smoozing the Bush line on the economy it's appaqrent she's just another hack.
Ugly Freddy is just sticking to the script Cheney gave him.
A rosy nose?
My wife and I have often remarked about the rosy economy. Why just last night as we were trying to figure out how to make our bankruptcy payment, and find the money to replace our leaky water heater, we were talking about how glad we both were, that my career got shipped to India and how much better that made the economy.
It is just too bad that the economy has nothing to do with people.
CNN (in passing) I caught this, The news reader said that President Bush lauds his tax cuts for lowering the National Debt. He says his tax cuts are working. Damn that's the best news money can buy...
But if by getting less taxes and spending more and more in Iraq lowers our debt, I would love to know how that miracle works. Because I would like to get less and less and see me not have to pay out anything. That's a damn good theory and it takes Bush and his dingbat administration to come up with it.
As my friend likes to say, Not everyone lives on Wall Street.
Just because the market is flying high doesn't mean the average person's life reflects that rosy condition.
Most people don't realize how poorly our Dollar has been doing over the years. It's worth only 1-2% of what it was worth back in 1913. In fact, if you had $100 in 1912, that would be the equivalent of $35,294 in 2006 using the relative share of GDP to calculate that. Yeah, our economy is doing GREAT!
I miss the gold standard. :-(
Repubs LOVE to be lied to. It makes them feel secure.
"with the less educated among the most worried"
That can't be good for the GOP! You can only say "Hey look! Gays and Muslims!" to a point. When people can't make ends meet, they start caring about things closer to home.
pissed off patricia @ 7:
If you adjust the DOW for inflation, their index just managed from breaking even from where it was before 2000. In other words, even the speculation-based part of this economy has been standing pretty much still for the better part of this decade.
You'd think that all these Wall Street types would be smart enough to adjust for inflation and exchange rate to figure out how much they are worth. But since they are dumber than a bag of rocks, I don't hold my breath. And these are the greedy bastards who are supposed to be in charge of the economy... we are truly *fucked*
That is the funny thing about the DOW index, it is based on dollar figures. So a 15000 mark really means nothing if the dollars for that mark are worth 50% of what the dollars at a 10000 mark were. Because if you adjust for the exchange rate against the Euro and the inflation, our dollars are pretty much worth 50% less...
But hey, happy days are heeeere again! Who needs reality when you can manufacture your own!
"with the less educated among the most worried"
Interesting. That is the Republican base right there.
Good to see the connection made between perceptions of the economy and education level. This is the real driver of success today. Other countries are doing a much better job of getting their populations educated. Education is the best way to spend government money, it has a guaranteed rate of return on investment on the best kind of capital - human capital. There's nothing more infuriating than seeing the government spend 100's of billions of dollars on things with a Negative rate of return - the iraq war and the prescription drug benefit (persoanl opinion).
http://www.youtube.com/watch?v=yjnvSQuv-H4
Jackson @ 8:
Here's an interesting tidbit - gold has had a better rate of return since '72 (year we went off the gold system completely) than the S&P 500. Since gold is a store of value and not an investment, some interesting questions can be raised.
There is something about this falling American dollar that makes me suspicious.I live in BC Canada,and our economy seems pretty stable.Canada's economic fate has always been tied to America's.I wouldn't be surprised to see some kind of push-in the near future-for a single N American currency,similar to Europe's Euro to create a strong trade block.Think NAFTA...
Jackson @ 8:
Unfortunately, a gold standard does not protect against devaluation. Regardless of whatever Libertarian propaganda tries to sell us, our economic problems are far more complex and deeper and can not be fixed by simply abolishing the Fed Reserve.
Our economy just had a really bad car accident, and the Libertarian solution focuses on mending a broken arm. However the cast does nothing to address the real problem: the fact that the economy has major internal bleeding --the broken arm sucks, but you need to prioritize in the emergency room treating the life-threatening symptoms first.
pinkobait, think Amero. (DAGS)
As for the hemoraging economy, I've changed careers at least 5 times in 25 years.
And it just gets worse. Then to top it off, I herald from a state where the local political and judicial jokes steal the tools of one profession, burn up the tools of several more, and then bitch and whine that you don't make enough money to pay their salaries in the manner in which they are accustomed.
To which I say, "Not one thin dime, MFs."
Breaking News: Obama Says He Will Vote for NAFTA Expansion
“Obama said he would vote for a Peruvian trade agreement next week. ...He said he supported the trade agreement with Peru because it contained the labor and environmental standards sought by groups like the AFL-CIO, despite the voter’s protests to the contrary. He also affirmed his support for free trade.”
…The AFL-CIO does not support the bill expanding NAFTA into Peru, and the much-trumpeted labor/environmental standards leave enforcement up to the Bush administration. ...Leaving enforcement to the Bush administration - or any administration - is the biggest loophole possible. It is precisely why corporate lobbyists have bragged to reporters that the standards are not enforceable.
Obama is the first presidential candidate to officially declare his/her support for the NAFTA expansion moving through the Congress. His announcement is not necessarily surprising, considering he was the keynote speaker at the launch of the Hamilton Project - a Wall Street front group working to drive a wedge between Democrats and organized labor on globalization issues.
http://www.workingassetsblog.c.....ll_vo.html
***And Democrats are different from Republicans how???
time to skin thier sorry asses
Peace-I guess he beat Hillary to the punch huh?
Remember the Clintons helped open up this "Global" can o' worms..
Peace, to paraphrase some wit or another, Two sides of the same stinking coin.
The money changers want their cut of the entire American continent's economy, ergo the Amero. Collapse of the dollar would facilitate such a shift, and a fearful public would lap it up.
Dr. Know @ 22:
Sorry, but that just doesn't make any sense....
That statement by Obama is :(
...said Sadruddin El-Amin, 55, a truck driver in Hanahan, S.C., ...
"Sadruddin El-Amin" ?? He doesn't even sound like an AMERIKAN ! Let's not forget that trucks are EASILY made into TRUCK BOMBS.
Now the Cabots and the Lodges, two fine upstandin' Amerikan families, are both doing REAL well. Their stocks are up, their dividends are up, and their taxes are down. And none of the family scions are in Iraq. Could it get any better?
Isn't THAT what counts?
Hollywood Fred's economic evaluation reminds me of "Maynard Farmer" (Al Lohman on LA Radio in the 70's) when he would give the Farm Report.
"Pigs is up...Cows is down...and Horses is about the same."
Thompson's "down home-iness" is over the top and will get him nowhere, except with the 29%ers.
Peace @19
One of the surprising developments of the falling dollar (at least to me) is that it does seem to be sharply spiking U.S. exports. Remember everyone saying that the U.S. has nothing to export? Economists are now starting to realize that currency fluctuations are more powerful today than tariff and duty arrangements. The Chinese are smart enough to understand this and thats why they don't dare change their U.S. dollar peg. This gives them an unfair advantage.
I'd like to know, since you seem to be against free trade, what's you're ideal system of international trade? Remember that putting up high tariffs in the early 1930's cuased a world-wide depression and laid the groundwork for WWI.
Not sure to which statement you refer.
"Peace" is the guys name at 19, I didn't quote. He questions the difference between Ds and Rs.
As for the Amero, NAFTA, CAFTA, WTO, etc.
IMHO, a weakening dollar, coupled with the hard sell of trade agreements and a common currency would allow the Baron Bankers to collect the usury they don't have access to at this time due to political/ideological/monetary difficulties. An afflicted public is sold the usual bill of goods as to the Amero's real worth to them.
Never mind, gotta go...
Pockets, eh? Cute.
But guess what Thompson? you can't convince someone that everything is rosy when they can't pay their bills and everyone they know is also struggling.
This is a classic disconnect between the haves and the have-nots.
Marie Antoinette lost her head for just this reason.
The problem is not just a matter of perception though - the repiglicans engineered the economy to do exactly what it is doing right now. It was deliberate and the repiglicans intend to maintain it and indeed, to make it even worse.
They may not want to talk about it - but they OWN it.
*
unfrozencaveman @ 27:
This is only a sliver of what the declining dollar and free trade has spawned:
from Thom Hartmann
When Americans No Longer Own America
http://www.commondreams.org/views06/0227-20.htm
...Because our so-called "free trade" policies have left us with an over $700 billion annual trade deficit, other countries are sitting on huge piles of the dollars we gave them to buy their stuff (via Wal-Mart and other "low cost" retailers). But we no longer manufacture anything they want to buy with those dollars.
So instead of buying our manufactured goods, they are doing what we used to do with Third World nations - they are buying us, the USA, chunk by chunk. In particular, they want to buy things in America that will continue to produce profits, and then to take those profits overseas where they're invested to make other nations strong. The "things" they're buying are, by and large, corporations, utilities, and natural resources.
Back in the pre-Reagan days, American companies made profits that were distributed among Americans. They used their profits to build more factories, or diversify into other businesses. The profits stayed in America.
Today, foreigners awash with our consumer dollars are on a two-decades-long buying spree. The UK's BP bought Amoco for $48 billion - now Amoco's profits go to England. Deutsche Telekom bought VoiceStream Wireless, so their profits go to Germany, which is where most of the profits from Random House, Allied Signal, Chrysler, Doubleday, Cyprus Amax's US Coal Mining Operations, GTE/Sylvania, and Westinghouse's Power Generation profits go as well. Ralston Purina's profits go to Switzerland, along with Gerber's; TransAmerica's profits go to The Netherlands, while John Hancock Insurance's profits go to Canada. Even American Bankers Insurance Group is owned now by Fortis AG in Belgium.
Foreign companies are buying up our water systems, our power generating systems, our mines, and our few remaining factories. All because "flat world" so-called "free trade" policies have turned us from a nation of wealthy producers into a nation of indebted consumers, leaving the world awash in dollars that are most easily used to buy off big chunks of America. As www.economyincrisis.com notes, US Government statistics indicate the following percentages of foreign ownership of American industry:
· Sound recording industries - 97%
· Commodity contracts dealing and brokerage - 79%
· Motion picture and sound recording industries - 75%
· Metal ore mining - 65%
· Motion picture and video industries - 64%
· Wineries and distilleries - 64%
· Database, directory, and other publishers - 63%
· Book publishers - 63%
· Cement, concrete, lime, and gypsum product - 62%
· Engine, turbine and power transmission equipment - 57%
· Rubber product - 53%
· Nonmetallic mineral product manufacturing - 53%
· Plastics and rubber products manufacturing - 52%
· Plastics product - 51%
· Other insurance related activities - 51%
· Boiler, tank, and shipping container - 50%
· Glass and glass product - 48%
· Coal mining - 48%
· Sugar and confectionery product - 48%
· Nonmetallic mineral mining and quarrying - 47%
· Advertising and related services - 41%
· Pharmaceutical and medicine - 40%
· Clay, refractory, and other nonmetallic mineral products - 40%
· Securities brokerage - 38%
· Other general purpose machinery - 37%
· Audio and video equipment mfg and reproducing magnetic and optical media - 36%
· Support activities for mining - 36%
· Soap, cleaning compound, and toilet preparation - 32%
· Chemical manufacturing - 30%
· Industrial machinery - 30%
· Securities, commodity contracts, and other financial investments and related activities - 30%
· Other food - 29%
· Motor vehicles and parts - 29%
· Machinery manufacturing - 28%
· Other electrical equipment and component - 28%
· Securities and commodity exchanges and other financial investment activities - 27%
· Architectural, engineering, and related services - 26%
· Credit card issuing and other consumer credit - 26%
· Petroleum refineries (including integrated) - 25%
· Navigational, measuring, electromedical, and control instruments - 25%
· Petroleum and coal products manufacturing - 25%
· Transportation equipment manufacturing - 25%
· Commercial and service industry machinery - 25%
· Basic chemical - 24%
· Investment banking and securities dealing - 24%
· Semiconductor and other electronic component - 23%
· Paint, coating, and adhesive - 22%
· Printing and related support activities - 21%
· Chemical product and preparation - 20%
· Iron, steel mills, and steel products - 20%
· Agriculture, construction, and mining machinery - 20%
· Publishing industries - 20%
· Medical equipment and supplies - 20%
No Surprise here. It was obvious a long time ago, that the trickle down theory just doesn't work when it comes to human nature. And that is what all economists can't figure into the equation. When you have that great an imbalance in society things are bound to go wrong and the rich would just rather look the other way and make believe the problem doesn't exist.
Can you imagine, that there was a trial a few days ago in Orlando. I guy had to face a judge because he broke an Orlando law that says you can't feed the homeless. Is this what America has come to? Thankfully the judge in the case dismissed the charge stating that what this young 22 old was doing was important. But the judge then sited the ordinence saying don't break the law again. WTF!
This country has gone so far off course that I don't even recognize it anymore. Is it really our job to keep shaming the reptilian right into doing what is good and morally right in America?
We can change this, but it takes everyone from all corners of our society to put our elected officials on notice. Make a stink, raise some noise, send a fax or an e-mail and tell these assholes we voted for, that this is utter bullshit. If one segment ( and it's a pretty big one ) of society goes down, we're all going down the same drain. So rather than spending a whole bunch of billions on continuing to find better and better ways of exterminating people, maybe, just maybe, we can find our footing and start using what little of our industrial infrastructure we have left, in advancing our society rather than destroying it.
I have only 2 words for all.....Dennis Kucinich! Everyone really needs to pay attention to this man. He's our country's best hope.
An article in the Minneapolis Star Tribune claims that the budget deficit has 'fallen.' I've already sent my letter to the editor (I suspect eyes roll whenever they get another letter from me) pointing out how irresponsible the article is. It never explicitly states that the Bush Administration does not count the costs of the occupations of Iraq and Afghanistan in the budget. Instead of exploring that omission, the article echoes White House talking points by attacking Social Security and domestic spending.
I'd've written to the Star Tribune's ombudsman, except the paper eliminated the position on Monday.
We need a Dr. What, a Dr. When, a Dr. Why and a Dr. Where here.
Then we'd get the answer to some questions . . . .
*
D
e
p
e
n
d
s
on where you are on the scale of worthiness scale (which is what you make in America). The more worthy the better the economeeeeeeeee.
If not, well eat shit and die because you don't count.
Republicans .....making America worthy of the rich.
unfrozencaveman @ 27:
Really? Is that why the Chinese have been trying their damnest to unpeg themselves from the dollar for the better part of the last decade? A worthless currency is only useful for so long, and at some point it becomes a liability as it forces Chinese to eat the US debt, which they know there is no way in hell they will receive payments from.
The only unfair advantage that the Chinese have by pegging their currency to the dollar, is that unlike us they have a production based economy and thus they can actually export good at a cheaper price. However with the US being their biggest market, and the US dollar dropping in value by the hour... it is really not that much of an advantage. The US however it is a services based economy (which only works if you have a strong purchasing power) with a weak currency.
Nice try. WWI by the way happened in the 1910s at least a decade and a half before the 1930s. And if you were referring to WWII, tariffs were the least of the causes for that one.
However, it was the deregulation and the supply side voodoo nonsense of the GOP administrations after Wilson that led to the same speculation level, and economic disparity due to the savage contrast in wealth distribution which we have right now... and that ended up in the crash of '29. But I guess they fail to teach that at Libertarian U, right?
31 peace
What I find particularly alarming about some of these agreements is the ability of a foreign corporation to affect the social policies of the home country,if said policies are deemed harmful to the old "bottom line" of said foreign corp.
Trittydi @ 35:
Heeeyyyy...it's Vinnie Barbarino!
Peace @ 31 -
I didn't say there wasn't a large trade deficit - I said it was declining faster than expected precisely because the dollar is falling. The natural counterbalances of economics are at least partially working here. To your broader point, your whole theory is based on the assumption that domestic ownership is always optimal. You're not going to find many economists backing you up there. In the country where I am now, believe me foreign investment is badly needed and welcomed. Not just for financial reasons, but because foreign management practices are simply better and the country benefits from that exposure (for example). Futhermore, perhaps a cement company from Switzerland can better manage a company in Morocco than a domestic counterpart. Perhaps the country and workers are better off, perhaps not, but let the free flow of capital make those discisions rather than raise artificial constraints. I do believe certain critical industries should have protections (like petroleum and mining) and certain government services should not be privatized, but you seem to want to go way beyond that. Remember how scared in the 1980's people were that Japan was buying up America? Would have it been wise to turn that money down?
37 Dr. Who Says:
Tariffs did worsen the world-wide Great Depression, and exacerbated the situtation. Particularly the Smoot-Hawley tariff of 1930. Then our trading partners reciprocated by laying tariffs on our goods, and ships, docks, and loaders went idle.
I hear there's another tariff in town.
krome @ 2:
I have news for you. Joey Ramone was a Republican cheerleader who, as I recall, thought Reagan was one hell of a great guy. Speaking of just another hack.
Dr. Who @ 37 -
Are you kidding? The Chinese have been stubbornly holding on the dollar peg, while the rest of the world has been begging them to let their currecy float. Where do you get your information?
Yeah that was a typo, I know when WWI and WWII occured. And where are you reading your history - to think that the break-down of the international commerce system was not one of the major root causes of WWII?
Why would anyone think a Grade-B actor with a Grade-C intellect who has raked in $12 million for his Grade-B acting would have a single clue as to why people who actually work for a living at jobs that pay under the poverty line would feel pessimistic about the economy?
We should all just invest in the stock market!
WELCOME TO THE FIRST ANNUAL C&L INTERNATIONAL ECONOMIC SUMMIT.
ZZZzzzzz............
unfrozencaveman @ 43:
The Chinese unpegged their yuan to the dollar a while back, the only ones benefiting temporally from the pegging was the US, as the pegging forced Chinese to eat US deficit to keep their own currency afloat.
http://www.washingtonpost.com/wp-dyn/content/discussion/2005/07/21/DI200...
Yeah that was a typo, I know when WWI and WWII occured. And where are you reading your history - to think that the break-down of the international commerce system was not one of the major root causes of WWII?
What international commerce? WWII happened because Germany wanted payback for the treaty of Versailles and Japan had expanded its dominance through most of South East Asia, and they wanted to implement their own manifest destiny of sorts in their corner of the Pacific hemisphere by telling the US to bugger off. During the 30s the economies of the US, Germany and Japan were fairly competent. By the late 30s the US having recovered for the most part from the '29 depression. Germany having the largest production throughput in Europe, and Japan having subjugated most of China and Indochina. The only ones going south during that decade were the British empire and whatever it was left of the French one.
Most of the economic turmoil happened during the Weimar republic in Germany, but that was during the 1920s. In the US the turmoil of '29 had little to do with tariffs (if anything the tariffs in the mid 30s were the thing that saved this economy and allowed Roosevelt to implement the new deal), and everything to do with the savage unregulated capitalism that ended up in such a level of speculation that it was unsustainable, and thus the massive correction of 1929 happened.
will we ever be sure when!we became the nazis?
slippytoad @ 42:
You got it wrong: Johnny was the republican asshole, and like most conservatives he made a living off being able to barely master 2 guitar riffs, while most of the decent songs were written by Joey. He stole Joey's g-friend who he later married, Joey and Johnny barely spoke afterwards. In true conservative form and class, Johnny did not even call Joey as he lied terminally ill before he passed away.
Johnny was a real asshole towards the fans too... My older bro actually got to go drinking with Joey when they came to a concert in my home town in the old country. Joey and DeeDee basically just hung out with the locals after the show, Johnny couldn't wait to finish the concert and go to his hotel room. Fuck I wish I had been of age back then... My bro had all the luck, he got to mingle with Madness, Mano Negra and some of the Ramones... they all hanged out with the locals after the concerts it seems. At least in the old country night life goes until 5/6 am and if you are famous, people are bound to hook you up drink-wise. Why not?
In Burma, the monks go from door to door to get food. It used to take them two homes to get enough. Then it was five. Perhaps if our politicians regularly joined American families for a meal in their home, they'd get a real feel for how the economy is for non-CEOs.
Dr. Who, that's old news. The Chinese have done nothing other than a token re-evaluation of their currency. The pressure continues to this day and the Chinese refuse to relent. China has been able to leverage this artificially low currency to crowd out other developing countries - especially Latin America.
The Smoot Hawley tariff was critical in the rise of Hitler. By cutting of trade at the knees to Germany and the rest of Europe, we cut off the oxygen to democratic movements in Germany. We turned our back on Europe and this let Hitler consolidate his power. The entire isolation movment in the U.S. left us asleep at the wheel, and by the time we re-engaged on the world scene, the march to war was inevitable.
MN USA @ 49:
I don't think the problem lies exclusively with the politicians. Honestly people get the politicians that we deserve, as long as the populace cherishes ignorance as being something blissful... we will have plenty of morons who think the yellow drops hitting the top of their heads is pure rain and not the urine of the people at the top who are peeing from their balconies while laughing at us.
Denial is as American as Apple pie. This country has a history of manufacturing its own reality... after all a significant portion of our economy is based on works of fiction: Hollywood.
Here in mAssachusetts health insurance is mandatory.
Remember though they don't have to actually pay your medical bills, just create the illusion they will.
Insurance companies have realized the power of plan scamming. In my two claims to United Health Care they have been wrong twice. First they said I owed the co-pay I have a doctors' office paid receipt for. Then they denied lab work and an annual visit for my wife saying Patient's insurance was cancelled. They did though continue paying for medications all through this period.
Also every other co-worker in this very same plan has also reported consistent and repeating problems with benefit claims.
http://www.zwire.com/site/news.cfm?newsid=...02&rfi=%5C'
Big reason the government has no business demanding we carry health insurance when they refuse to regulate it, are not competent to regulate it and or have their heads so far up their.....
So before mAssachusetts's "pioneering" new health care plan becomes a "model" for the nation don't be fooled.
If that's not enough you can also Google health care privacy and see how once your medical records reach a computer, any computer your "rights" are as meaningless as asbestos dust from the twin towers.
unfrozencaveman @ 50:
Typical American-centric view of the world, boring and ignorant...
If you believe that the rise of Nazism was due to America's lack of trade and attention, I have a nice big bridge to sell you. Most of the economic troubles happened during the Weimar house of "fun" in the 20s. But hey, what do I know... I grew up in the old country, so I am sure that I can get history lessons from someone who gets their stuff from the web. Please enlighten us about our own history. Oh, mighty American... don't turn your back on us again, please!!!
In any case, the worst thing that could happen to the US if for China to fully decouple the Yuan. Once they don't have to eat our debt and flood the market with the dollars they are hording, bye, bye Dollar. So if anyone has been pressuring China to keep the status quo has been the US. Afterall the US, unlike the EU, has nothing to sell back to China --other than Airplanes, but Boeings are mostly made in Japan nowadays -- so it is natural that the EU wants a stronger Yuan to sell their stuff to China.
For a long time I've thought the U.S. dollar was going to crash and kill the U.S. economy (based on the China scenario you describe), but it's just not panning out they way and the time has come to admit that. There's a long line of causalties of those who have bet against the U.S. economy. Though there are many things wrong with us (especially our leadership), the economy seems to be much more resilient that anyone could have imagined. The U.S. really does have dynamic export market to the rest of the world. The U.S. is still a world leader in a lot of key industries and this seems to be the real reason why the rest of the world continues to loan us money. Will this change? Possibly. We insult the intelligence of investors world-wide when when pin them as idiots who only invest in the U.S. because they are scared of the consequences of pulling out. There are plenty of places to park capital outside the U.S.
btw - when you say "old country" I guess you don't mean the U.K. because they quickly followed S-H with their own protective tarriffs. Call me what you want, but S-H was key to the rise of Hitler.
Oh just keep the blinders on there Fred, you idiot... That'll work right out..... for your future in latenight infotainment hawking what.. I guess in your case, facecream or wrinkle reducer ..........yea, good luck with that, cause this president thing?? Don't think its gonna work out for you numbnuts.............JD
Think about world economy like this. How much peanut butter can you now buy for $5.00. How much could you buy ten years ago? What is is the difference between the amounts of peanut butter?
Now how many $5.00's (setting cash into units of $5.00 each) do you make now? How many $5.00's did you make ten years ago? What is the difference between the purchasing power of your $5.00's from then to now, based on the cost of peanut butter?
Are you getting more peanut butter for your money now then you did ten years ago?
You can do the same thing with bread or milk too. And when you see how few peanut butter sandwiches you are making now, as opposed to ten years ago, you get an idea of the reality of the economy that will stick to the roof of your mouth.
record foreclosures and home heating oil going up 16 percent from last year and the Kudlowites act like Bush's America is a slice of Heaven
Long before such utterly vague and misinformed statements, those in the know, knew Freddie had a lazy intellect and was evidenced by his professed lethargy while boring himself in the Senate. You can expect these folksy whimsy snapshots from Law and Order Freddie with the big tit trophy Momma clamping down on his widely rumored giant schlong. He's an actor throwing batshit to the wind-dressing it up like a club sandwich. Anyone of these guys would be stomped on by any of the Dem candidates in a debate. I mean really. Hillary would absolutely shit all over Giuliani with room to spare and then follow it all up with what is becoming her trademark laugh. Or yelp. Could you imagine Romney against Hillary in a debate. Oh, Tommy...the pipes are calling.....
Freddie would run the country on generalities and then shuffle off to the cigar room and sauna. And some nooky from trophy wife. On his rumored giant schlong. Maybe thats why you see Freddie in all those big roomy pants. In jeans, one would see from the impressions and or crease, that old Freddie has tied his schlong to his thigh. Just a theory, like Bugh's shoulder bulge during his debate with John Kerry...
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