Re: OT ~ Points to Ponder


"Carl A." <chainfl@xxxxxxxxx> wrote in message news:GLMMj.36955$r76.6469@xxxxxxxxxxxxxxxxxxxxxxxxx

"Nate" <nsaptaemcscpnanm@xxxxxxxxxxxxxx> wrote in message news:CJLMj.1628$7Z2.977@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

"Carl A." <chainfl@xxxxxxxxx> wrote in message news:Gg3Mj.35432$r76.32462@xxxxxxxxxxxxxxxxxxxxxxxxx
Received from a friend:

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%.

Since voting in a Democratically controlled Congress in 2006 we have
seen:

1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3.50 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value
evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion
dollars;
6) 1% of American home are in foreclosure.

America voted for "change" in 2006, and we got it!


Yup...and my toilet backed up. Which is just about as relevant as the above items.

Nate

Sorry that you can't see the connections.

Consumer confidence is way down. Why do you think that is?

Becasue the economy is tanked. When people have less money in their savings account (or less credit to play with) they tend to be less confident.

Might it
possibly have something to do with the Liberal media trashing the economy for political purposes?

Some, yes. Some, no. The "Liberal" media is reporting it because it is news worthy.

Or could it be that consumers
anticipate that their taxes will go up (you conveniently snipped that part of my post) if the Bush tax cuts are not renewed?

I snipped it becasue I was not responding to it. But I will now. I do not beleive people are hording their money because they fear the governement is going to take more in 5 years. Do you have any evidence that savings are increasing? Or are they just stuffing the matress again?


List up the accomplishments, non-accomplishments, and economy-destroying actions of the Pelosi congress.

Pelosi is just a congress critter. She doesn't have the power to destroy an economy. The economy will correct itself if we just let it do it's thing. It's like Global Warming...it's a natural cycle.

Explain to me how
killing the Columbia trade agreement benefits our economy, considering that US-made goods are burdened with a 35% import duty (thereby making them less affordable in Columbia) while Columbian goods aren't taxed.

A contributor, but not enough to tank the economy. You need to widen your prospects...see the forest for the tree.

An example...I made a *** load of money in the past three months off the market. During a time that the overall market was not doing so well I was able to double my money in three short months. There are gems in the market. Since I was able to make money, can we say the economy was good? Can I extrapolate and say that the President did a bang up job? NO. It had nothing to do with the current president or the current congress. It had everything to do with my ability to find a few companies who prosper in tight economies. Economies change...it just happens. And every time the Government tries to get involved they screw it up. But it always recovers. Why? Because brilliant capitalist runs these companies and they know how to react to market conditions as well as changes in legislation. The ones with weak knees will drop out and someone will take thier place. No government in the world can cripple it.

I plunged my toilet and it started working again. It was simply amazing, dontchathink?

Nate

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