DISQUS

AMERICAblog: Bush-McCain economy shrinks in Q3

  • Older_Wiser · 1 year ago
    But not for Exxon Mobil (see thread below).

    And if GM & Chrysler were to merge, 35,000 jobs would be lost just in those 2 companies--that doesn't include layoffs for suppliers and tangential businesses.
  • cowboyneok · 1 year ago
    Oh.my.

    John McThesuleh is having some MAJOR senior moments LIVE on MSNBC. He just introduced "Joe the Plumber" and JOE wasn't there! He is stumbling, and sputtering very badly this morning. GRANDPA! Did you skip your neurontin AGAIN?
  • cowboyneok · 1 year ago
    Where is "Joe the Plumber?" John McThesuleh just introduced him at a rally and HE WASN'T THERE! John then had to tell everyone, "Okay, YOU or EVERYONE is 'Joe the Plumber.'" WHERE IS HE? Is he off recording country songs today?
  • munjoyfan · 1 year ago
    Wait till they see the numbers from Q4.
    Apparently the opinion leaders and pundits don't have any friends who do electrical or plumbing work for a living, and don't have much occasion to patronize Home Depot, or specialty clothing stores, or sophisticated restaurants located outside the expense voucher belt. There is NO BUYING GOING ON. Lobstermen in Maine can't get rid of their lobsters--and their big market is NYC. The boats aren't leaving the dock. Folks, it's time to take that bailout money, issue an emergency executive order prohibiting its use for bonuses and shareholder dividends, and redirecting a HUGE percentage to banks that agree to ground rules for refinancing mortgages and for issuing small business loans so long as they conduct this activity within a limited geographic service region--intentionally excluding the large operations that created the tipping point.
  • Indigo · 1 year ago
    When you think of it all in terms of the "sharpest contraction in 7 years" a perspective surfaces that we haven't examined. These past 7 years have been war years, the economy has been a war profiteering economy. What's happening now is possibly a return to the pre-war economy, now that the war profiteers see the end of their money-making scheme on the horizon.

    That changes the spin, doesn't it? We're entering a possible peace time phase and with it, a new opportunity to rebuild on solid ground. The dark optimism of Germany in 1946 can teach us a lesson: having all the out-dated industrial buildings bombed flat, they were able to rebuild from the ground up to emerge as the most powerful peacetime economy in Europe within a decade. That's not all bad.
  • Webster · 1 year ago
    " jobless claims were unchanged"

    Doesn't reflect how many are already out of work--for a long time--and who can no longer claim benefits. And those of us who have simply given up.