Comments on: Who is Surprised the Economy Is Bad & Getting Worse?

By: Neil C Denver

Neil C Denver — Sat, 31 Jan 2009 17:01:14 +0000

In a global market economy, it is impossible for ‘each’ American to maintain their standard of living . . . until the all of the world’s citizens approach similar standards with similar ‘global’ purchasing power. Meanwhile, Americans will have to wait for the rest of the world to catch up. And the faster that we can promote growth in the lesser developed countries, the better off the world will be.

Until then, the best jobs for under performing Americans will continue to be civil service jobs with their above market salaries, defined benefit retirement programs, and low productivity standards.

By: going broke

going broke — Fri, 30 Jan 2009 19:01:15 +0000

Surprised? …not really

Average Joe loses job… $65,000
Average Joe loses home… $234,500
CEO’s get their bonuses… $1,000,000′s+

cost to average Joe… not priceless

By: batmando

batmando — Fri, 30 Jan 2009 18:28:14 +0000

@ Mike in NOLa
“And the mesquitos are gone”???
as in migrant workers?

By: Mike in Nola

Mike in Nola — Fri, 30 Jan 2009 16:58:10 +0000

ben22:

Some of us are mostly being supported by our wives, while trying to get a Texas law license :) Hope it doesn’t take too long. It is getting a little old and she doesn’t want me buying things like big screens.

Mannwich: I looked in wikipedia, but it felt like cheating. Have only passed through TC on our way to Duluth and the North Shore which is very beautiful in October. And the mesquitos are gone.

BTW, has Charlie Gasparino redeemed himself or what? Seems to be the only one who gets it about bonuses in financial firms that have had to be bailed out. I see that Dennis doesn’t realize our big banks are insolvent. Not surprised.

By: Thisson

Thisson — Fri, 30 Jan 2009 16:39:01 +0000

@Truthteller,

If you look under the hood of the stimulus package, it’s mostly a bunch of bullshit spending that in any other time would just be called for what it is — pork.

By: ben22

ben22 — Fri, 30 Jan 2009 16:33:20 +0000

@ Mike in Nola,

Glad someone else saw that. I thought most people here would have loved it but if you live on the east coast you were probably already at work when it came on.

The guys face was great after Haynes said that, his mouth just opened wide.

By: Mannwich

Mannwich — Fri, 30 Jan 2009 16:32:30 +0000

@Mike in Nola: Sorry about that. The Twin Cities. I live in Minneapolis. My gym is very affordable ($40/month) and you get half of it paid for by health insurance (for those who still have it) if you go 12 times/month. I’m guessing with more time on peoples’ hands, they’re working out more and focusing on their health/fitness, which is one thing they/we have some control over……

By: TruthTeller

TruthTeller — Fri, 30 Jan 2009 16:24:46 +0000

Barry,

Where is your piece on the Stimulus fiasco? Don’t be shy now; it’s just not your style. Come out for us taxpayers and call this one a colossal (Democratic) failure.

The election is over and now its time for bipartisan blah blah and change blah blah. NOT!!

The stimulus bill is a huge mistake, will not work as written, bloats government spending for which no amount of tax increases could ever pay for.

You, sir, should be pounding the table and using your bully pulpit to kill this future-destroying time bomb. Your credibility is on the line, Barry. Don’t blow it………(up).

By: Mike in Nola

Mike in Nola — Fri, 30 Jan 2009 16:21:11 +0000

Oops! Looks like CNBC is calling Class Warfare. Those damned unions caused the depression.

By: Cybernaught

Cybernaught — Fri, 30 Jan 2009 16:20:13 +0000

I’m figuring “efficiency” and “proper oversight” will get thrown out the window after Q1 comes in. Intense fear does amazing things to people’s values. The current posturing is acclimating folks to trillion dollar interventions – “billions” will soon be so yesterday. By September ’09 I predict the powers that be will be willing to pay people to stand in line to fill out applications for jobs that won’t come on line for 6 months. 11/29 might be a little early, but as you can see from the GDP numbers, federal spending will be what will increasingly drive GDP, not useful production.